The Chinese government has banned some exchange

[MAbtc]

Read in the news. "The ninth of September, the state newspaper Caixin published that the government of China is an ongoing debate on the question of suspension of activities of the bitcoin exchanges on the domestic market of the country. Three bitcoin exchanges – the largest in China (BTCC, OKCoin, Huobi), said, confident that local regulators will not ban the trading platform. Head of strategic planning Blockstream and expert on cryptocurrency exchanges Samson MOU explained the situation. According to the economist, the statement said publication can be false, as for him not standing any reliable source. But many analysts believe that the edition had inside information obtained from government agencies."
I'm leaning towards the worst case scenario. China can realistically deny bitcoin in the country. and it will be just a magical event in the world of cryptocurrency. Shatter the myth of decentralization of cryptocurrency. And credibility just simply disappear..... Who can guarantee that you and your country authorities will not come to this decision?)

The cited report did not even suggest banning BTC or cryptocurrencies. In a way, the alleged directives highlight the decentralization of Bitcoin: they can only prohibit fiat markets and fiat gateways.

They cannot stop P2P cryptocurrency trade, and the report seems to openly acknowledge that. Okcoin, in response, said, "If the report is true, we'll stop BTC/CNY trades & become a P2P platform for digital assets." https://twitter.com/cnLedger/status/906461180415197185

The authorities prohibiting the use of Bitcoin was always a tragic scenario for quick mainstream adoption, but not for Bitcoin itself. I think we are past the point (in terms of legitimacy) where one government prohibiting its use really matters in the long run.

[BY_ATOM]

Read in the news. "The ninth of September, the state newspaper Caixin published that the government of China is an ongoing debate on the question of suspension of activities of the bitcoin exchanges on the domestic market of the country. Three bitcoin exchanges – the largest in China (BTCC, OKCoin, Huobi), said, confident that local regulators will not ban the trading platform. Head of strategic planning Blockstream and expert on cryptocurrency exchanges Samson MOU explained the situation. According to the economist, the statement said publication can be false, as for him not standing any reliable source. But many analysts believe that the edition had inside information obtained from government agencies."
I'm leaning towards the worst case scenario. China can realistically deny bitcoin in the country. and it will be just a magical event in the world of cryptocurrency. Shatter the myth of decentralization of cryptocurrency. And credibility just simply disappear..... Who can guarantee that you and your country authorities will not come to this decision?)

The cited report did not even suggest banning BTC or cryptocurrencies. In a way, the alleged directives highlight the decentralization of Bitcoin: they can only prohibit fiat markets and fiat gateways.

They cannot stop P2P cryptocurrency trade, and the report seems to openly acknowledge that. Okcoin, in response, said, "If the report is true, we'll stop BTC/CNY trades & become a P2P platform for digital assets." https://twitter.com/cnLedger/status/906461180415197185

The authorities prohibiting the use of Bitcoin was always a tragic scenario for quick mainstream adoption, but not for Bitcoin itself. I think we are past the point (in terms of legitimacy) where one government prohibiting its use really matters in the long run.

I think these are the first steps to centralization of bitcount, and full control over it.

[niisarearning]

Today bitcoin growing slowly it is clearly showing no country or authority can stop bitcoin . Bitcoin will grow and hit 10 k mark soon . Ultimately Chinese will be the looser.

[Jating]

Today bitcoin growing slowly it is clearly showing no country or authority can stop bitcoin . Bitcoin will grow and hit 10 k mark soon . Ultimately Chinese will be the looser.

Its more of a lost for them not ours. I don't know what the feeling of a Chinese bitcoin enthusiast by now. The bitcoin they all loved was suddenly shutdown by their government. Its just sad though, but life must go on and bitcoin has already recovered and we can see the price is $4300 now. This really proves has resilient bitcoin is and its possible that it can go even further if the bitcoin train has just started its steam. We don't know when is the next stop. Maybe $5000 again?

[chixka000]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

I dont think so usually chinese government makes sure that they has control over most of the things especially  the financing institutions. If you tries to get away with it ang get caught they will probably can close your business in return and that is for sure

[tranle789]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

I dont think so usually chinese government makes sure that they has control over most of the things especially  the financing institutions. If you tries to get away with it ang get caught they will probably can close your business in return and that is for sure

The Chinese market has a huge impact on the Bitcoin market and today the trading volume of this market has fallen by more than 50%, making Bitcoin prices continue to fall and it will certainly be difficult to reach the $ 5000 mark in a while long time.

[Quidat]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

I dont think so usually chinese government makes sure that they has control over most of the things especially  the financing institutions. If you tries to get away with it ang get caught they will probably can close your business in return and that is for sure

They do really love to become superior on most things on which they do like to do the things which they saw that they can able to show their power globally and now they do made such actions regarding on those banning either both exchanges and those ICO's. I cant deny that they can really affect the price either on bitcoin or on other altcoin too but i can say that they are not the only ones who do have the power to make it rise again.

[stompix]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

Sorry but.... what?
When did this happen? Unless you come up with a link (and not some shitty twit or blog) this is pure FUD or trolling.

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

I dont think so usually chinese government makes sure that they has control over most of the things especially  the financing institutions. If you tries to get away with it ang get caught they will probably can close your business in return and that is for sure

The Chinese market has a huge impact on the Bitcoin market and today the trading volume of this market has fallen by more than 50%, making Bitcoin prices continue to fall and it will certainly be difficult to reach the $ 5000 mark in a while long time.

No, actually the impact is getting weaker and weaker.
After the whole trading volume scam has been exposed people have started to understand that China is not so important after all.
The last time they managed to bring the price down by more than 50% right now ll the fud has barely managed to shave 20% and the price is going back up.

People realized that most of what China does is just trading, no real usage and real BTC users and owners there.

[endlasuresh]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

CHina has the second largest market of cryptocurrency. The 70% (PBOC) Peoples Bank of China is owned by Chinese Government. Though not yet confirmed, the China is planning to ban all exchanges as per the Ceo of Bitcoin Exchange in China. This is another bold move of China in crytocurrency just within a week. This had affected the price of bitcoin dropping to global market. I hope that they are just banning scam ICOs not bitcoin.

China won't allow other currencies since what I seen on their Alibaba and Aliexpress that is depends upon their own wallets. If Chinese Govt allowed bitcoin on these two top E-Commerce sites then their would be a lot of difference in Bitcoin.
China is the only country that has best rules in world as they even blocked FB, Gplus etc.

[kamikadze69]

may be. but a few days ago I heard that the Chinese government did such a thing only temporarily and only to control the activity of bitcoin and altcoins.

[MAbtc]

No, actually the impact is getting weaker and weaker.
After the whole trading volume scam has been exposed people have started to understand that China is not so important after all.
The last time they managed to bring the price down by more than 50% right now ll the fud has barely managed to shave 20% and the price is going back up.

People realized that most of what China does is just trading, no real usage and real BTC users and owners there.

Mining and ASIC chip manufacturing aside, you may be right in the long term. As for the short term, we may not have seen the full effects of the rumor and potential exchange ban yet. Down-trending markets tend not to crash right away; they tend to bleed slowly until momentum builds into a crash.

If this is anything like 2014, then we haven't seen the end of the effects of these fundamental catalysts yet. I'm still holding out some hope that bulls can hold the $4,000 area and we can continue building a base for another wave up, but we need to keep an open mind here.

[BY_ATOM]

In fact that's all)
The government began to sound the alarm)) and tries to strangle bitcoin worldwide)
"Cryptocurrency exchanges in China ordered to stop the auction and to notify users about its closure. New user registrations have to be halted as of Friday, September 15, reports "Lenta.ru" with reference to Reuters. By Wednesday, September 20, the exchange shall be obliged to inform users about how withdrawals and to protect the interests of investors.

"All exchanges have to midnight 15 September to publish a notice on full stop trading crypto-currencies and the termination of the registration of new users", — reads the statement of the authorities.

As recalled by "lenta.ru" on 13 September, the head of JPMorgan Chase James Dimon called bitcoin a fraud and promised to fire employees for operations with cryptocurrency."