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Author Topic: China Will Kill Bitcoin: A Conspiracy Theory  (Read 2488 times)
Zicadis
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September 27, 2017, 08:19:39 PM
 #101

I do not see China having that kind of power with the PBOC putting it in check and all regulations being put in place this is just helpnig open up new markets and fostering decentralization which is one of the components that has made bitcoin successful. Otherwise at the end of all this, this is nothing more than a conspiracy theory

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September 27, 2017, 11:30:59 PM
 #102

Even though the effect of the decisions by the Chinese government is reaching an unprecedented level and the last time we went as low as this in recent time is prior August 1 but right now its facing us again.

The way bitcoin is structured, I don't think Chinese government can successfully kill it and its no other reason that when group of people resolve to go a particular way come what may, they can only be put down but not defeated and that is exactly what will happen in the case of bitcoin. Bitcoin has grown beyond nationalities or even continent and a whole lot of us have resolved to make this a success.
This is not the sensible decision by Chinese to ban bitcoin as world is looking forward to accept the values and trades of bit coin and they are banning it and this will left them behind from the progressing as many of shopping will be done by bitcoins in future and they are not accepting it will give them loss and those who believe in bitcoin will not be effected by this decision of Chinese and will invest more to gain more.
Yeah I don’t know how the country like china can make this kind of decision. The worth of the bitcoin si famous all around the world, bitcoin has a lot of of the positive features and it is increasing more and more. Bitcoin price is still increasing and only the single country cannot affect the price of the bitcoin as we can see it is still getting famous in a lot of other countries.

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September 27, 2017, 11:45:21 PM
 #103

China is worried that the increased use of bitcoin keeps its citizens from leaving fiat money. besides, the presence of bitcoin is feared to be too easy to speculate, which can be dangerous for the country.

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September 29, 2017, 08:18:17 AM
 #104

I would say China wants to make a statement, to get to be associated with bitcoin and its properties. I believe the banning would either bring moves to monitor or trying to control.
The china wants to hold bitcoin is its hands that’s why they are making such type of nonsense decision and they will suffer their decision in future so that as the market will be at high they will ask again to join and one more thing bitcoin is threat to their national currency that’s why they are making coward moves and this will bring unstableness in their region.

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September 29, 2017, 09:51:32 AM
 #105

If china had tried such actions much earlier when bitcoin was totally dependent on china in all aspects like trading,transactions,etc.it would have caused a serious damage to bitcoin.But its too late.Already,big giants like japan have entered the market and south korea is just following it.Japan has moved a step ahead by legalizing bitcoin.So,china's actions would only have a very small impact on bitcoin and we too witnessed that bitcoin price very quickly recovered from the slight downfall.So,china could don nothing damage to bitcoin except restricting its citizens from using bitcoin.
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September 30, 2017, 02:58:16 PM
 #106

this is because Bitcoin Exchanges Lack Legal Foundation, China Internet Finance Association Says... this is the reason why China has junk the use of bitcoins in their country.  They are basically afraid that they will lose their economic power eventually. 
On the other hand, they should be looking for the economic success it would bring, they surrendered in finding ways to regulate bitcoin and that will lead them incompetent, they cannot stop the changes and whatever they do some countries will continue the development as decentralization is the new system that would be beneficial to the people.
These guys know what they are doing and everyone is giving them much relevance making them to achieve their target so easily. For a country that majority, if not all their earnings come from manufacturing and exporting, they should understand adopting bitcoin should even be of more advantage to them than any other country.

I guess this must have been what they have seen and trying to see every reason to make sure that citizens don't just boycott the banking system without bringing much back into the government, hence, the regulation of exchanges.

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September 30, 2017, 03:04:45 PM
 #107

In reality China doesn't fear about the growth of the user base for bitcoin within the country. When something is found better, automatically the user group moves towards it. The same is happening with bitcoin in China. An regulated use is the recent issue, so this won't cause anything negative over the growth of bitcoin.

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September 30, 2017, 03:14:11 PM
 #108

I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).

Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?

Please tell me what you think...and let's have some fun!
you're just too high because of that shabu you bought from china. china dont have the power to kill the crypto world. they can only kill it to their country but not in the whole world. there are some countries who legalize bitcoin, so they cant easily back those words just because china wants to close crypto world.

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