China playing a game :D

[leonair]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

Maybe they are but I don't think so, it is just that their government really want to regulate the cryptocurrencies in their country because of its booming industry and of course it has many money involved in it so they mus take an action before anything else. The Chinese holders of bitcoin is still in power in making the decision whether they want to withdraw their coins, not their government. And most of the Chinese people can still find a way to access the unregulated exchanges if they want so I think that is not a big problem with them government.

[pendekar cinta]

Is it true that the incident will happen because it could have made many investors more burdened because there are settings that they make and automatically if we want to do various transactions could be part of the revenue will go to the state treasury China later and surely make a loss is quite apprehensive.

[centralbanksequalsbombs]

Hahahahaha.

So funny!

China and ANY governments do not matter to Bitcoin anymore! Hahahahaha.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled.

On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

[jings007]

I think China has nothing to do whatever happening to the rollercoaster-like Bitcoin price...it's the traders. I've a feeling the price is being manipulated by influential people and/or traders.

[teemocoins]

There is something that boggles me a bit...

None has chinese crypto friends who can inform about the truth? There are no chinese users of this forum who can tell?

Lack of confirmation of whether this is true or not is very very strange.

Hi there, i am the one who is a Chinese user in this forum, I can tell you that banned BTC in China is a true story due to it is out of control and it will threaten Chinese Banks and GOV has no benefits on it.

[pooya87]

There is something that boggles me a bit...

None has chinese crypto friends who can inform about the truth? There are no chinese users of this forum who can tell?

Lack of confirmation of whether this is true or not is very very strange.

Hi there, i am the one who is a Chinese user in this forum, I can tell you that banned BTC in China is a true story due to it is out of control and it will threaten Chinese Banks and GOV has no benefits on it.

trusted people who are from China such as Charlie Lee (creator of Litecoin) are saying there is no bitcoin ban in China and it is all bullshit and FUD. now you create a throw away account with only 1 post and think we will take "your" word over theirs

[LightSide]

Not playing any kind of game, they just don't want business bitcoin related within they territory.

[deadsilent]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

Bitcoin and other cryptocurrencies are not really banned there. It's just ICOs and cryptocurrency exchange are stopped by the government because they can't regulate the flow of capital. Some are just over reacting and spreading lies to manipulate the price. Actually they can still trade there peer to peer. So cryptocurrencies there are not actually banned. And theres no way they will ban Bitcoin there. Japan is now making a big move to Bitcoin. I don't think China will allow that. Of course they will compete. Theres a rumor that the ban on exchanges is just temporary.