Is it better that China just gets out of Bitcoin?

[fragout]

Im fed up with China bans also but their effect is less and less as time goes on and the market needed a cool off period so a china ban or any other reason is just what we needed. It also takes attention away from the 2 X saga.

[tychovrahe]

they are just playing us, someone is trying to get cheap coins, ignore it

[Denies]

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

i can not answer it because i am not chinese people. for me in crypto all can happen, there is a slope that happens nowadays. probably from its effect of chinese ban for bitcoin and ico.
but I think for the future with or without china, bitcoin will continue to enlarge to follow the development of the era.

[mostkey]

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

i can not answer it because i am not chinese people. for me in crypto all can happen, there is a slope that happens nowadays. probably from its effect of chinese ban for bitcoin and ico.
but I think for the future with or without china, bitcoin will continue to enlarge to follow the development of the era.

maybe this is only a small setback, although the banning of china on bitcoin and ico happens this will only be temporary and this can be time for us to buy some bitcoin that we can sell at a later date with high price

[TooDumbForBitcoin]

Is it better that China just gets out of Bitcoin?

A friend of mine saying that China always dump btc:D Not true in fact. But now I am not worry about PBOC claims, because crypto is the next bubble after stock market bubble and private capitals are just beginning to enter on markets

[1Referee]

China doesn't need to get out of Bitcoin - the people taking fud for face value should be getting out of Bitcoin. Seriously, China isn't doing anything wrong at this point. The PBOC was right to take the necessary actions against the immense manipulation happening through Chinese exchanges, and I am happy they did so. Finally, after that, the western exchanges were walking their own path, and not caring about China anymore. Just look at the difference in price between western and Chinese exchanges. In this case, I am also glad that China has taken the necessary actions against ICO's within their country. We should be happy that this is happening, regulations are a necessity to keep this market in order.

[MostHigh]

This basically tells us how strong China has been down the years as an economy and a nation. But the susceptibility of bitcoin to changes and how alteration happens with little adjustment is a big worry. Guess this is what happens with a decentralized currency. People panic and sell the moment there is a challenge

[pathapoddo]

I also think china should gets out of bitcoin. Because they are harming us. But we also think so that if thehey gets out of bitcoin the price of bitcoin will be down.so I feel scread.

[kamikadze69]

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

nevitably we still have to accept whatever is preached by China. because it can not be denied that China is 80% more than the current Mining users. also they've created a lot of Altcoins, so even though we're trying to avoid the ongoing price uncertainty, I do not think it's worth it.

[nkarm1]

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

Don't get bothered of those news because as days passed by, those news gets boring and boring. With the news that Russia is now "adapting" bitcoin, and they might be the world leader in blockchain technology in 2020. China is so careful on their moves, they will never make a decision that can make them below any country. So stop creating FUD about this news. Let us be optimistic about it, they have no reason to get out of the frame.

[deisik]

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

Don't get bothered of those news because as days passed by, those news gets boring and boring. With the news that Russia is now "adapting" bitcoin, and they might be the world leader in blockchain technology in 2020. China is so careful on their moves, they will never make a decision that can make them below any country. So stop creating FUD about this news. Let us be optimistic about it, they have no reason to get out of the frame.

I second this view

Russia looks more like "adopting" Bitcoin this fall (as a sort of financial instrument) rather than "adapting" it for their nefarious purposes (though who knows what they are really up to). That said, I agree that China is very careful about what they do, and we have already seen that earlier this year. They had first prohibited Bitcoin withdrawals and withdrawals of other cryptocurrencies from Chinese exchanges (as well as deposits, for that matter) but later they lifted the ban. This pretty much proves that they don't act rashly

[maldini]

if indeed china is not pro against bitcoin. china out of bitcoin. because it's too much troubling every bitcoin holder ....

[doujuan612]

Many people are waiting for the latest policy announcement.....

[DooMAD]

I still don't get this mindset where people talk about their own nations as an assorted cluster of individuals with their own ideas and opinions, but as soon as the subject of China crops up, suddenly it's not about a group of individuals at all.  Suddenly it's the fucking Borg.  One mind, one goal.  Every single last Chinese person is apparently in a collective, receiving orders and obeying 24/7, telling them how to screw the rest of us over.  Do you even listen to yourselves and how fucking stupid that sounds?  Where does this prejudice stem from?  Why are we not calling out this hypocrisy?  It just sounds like cultural ignorance because you know barely anything about China and just regurgitate what all the other equally ignorant morons on this forum tell you.  

It's not better if China gets out of Bitcoin, it's better if you get your head out of your arse and stop making out like every single person in China is a mindless drone who does what the government tell them to.  Just because that image seems to ring true in your little bigoted and racist little brains, I'm pretty sure reality paints the more accurate picture.  People get into crypto because they aren't fans of what their government are doing and see Bitcoin as a better alternative.  If anything, it's precisely because the Chinese government are so controlling and authoritarian that people want to distance themselves from that by being involved in Bitcoin.  It makes perfect sense that Bitcoin would be popular in places with restrictive governments, hence many Chinese people are involved.  Even if China did ban Bitcoin, I'm pretty sure the average user in China is still going to keep using it, because they're no different to the rest of us, with the possible exception that they generally have less freedom in their everyday lives than some of us are fortunate enough to have and have an even greater need for financial freedom than we might.  

And for anyone saying that all the FUD and bad news comes from China, no it doesn't.  The FUD comes from idiots talking shit about China.  Idiots like you lot.  So stop contributing to the problem with ridiculous threads like this one.

[Michael_Token]

I don't think China will get out of Bitcoin because most bitcoins are mined in China. Their economy benefit from Bitcoin.

[South Park]

Members of this community should know that is not bitcoins or other cryptocurrencies that have been banned but rather ICOs where people exchange their cryptocurrencies for tokens. The Chinese are all about control and they don't like things that they can't control and for the whole world to suffer I think I will like for Chinese to get out of the game.

You are correct but I think this is just the start, I think the Chinese are going to start a campaign against crypto and this is the first step, maybe I’m mistaken but I do not think a communist country like China is very happy that their citizens can get around their laws and regulations.

[stolendata]

I don't think China will get out of Bitcoin because most bitcoins are mined in China. Their economy benefit from Bitcoin.

yes i also think so that it may not be so easy that China will get out of bitcoin, because majority of the bitcoin miners are from China and they have a  very good contribution in bitcoin. i am hopeful that their government will certainly change their policy toward bitcoin, because i am also sure that bitcoin will certainly effect their economy, therefore their government will certainly review their policies about bitcoin.

[N@p$t3r]

You know gringo, we can easily kick China's ass if we would not sell everytime they make FUD. keep the price high and let them chase it. jajaja!

[Kemarit]

Members of this community should know that is not bitcoins or other cryptocurrencies that have been banned but rather ICOs where people exchange their cryptocurrencies for tokens. The Chinese are all about control and they don't like things that they can't control and for the whole world to suffer I think I will like for Chinese to get out of the game.

You are correct but I think this is just the start, I think the Chinese are going to start a campaign against crypto and this is the first step, maybe I’m mistaken but I do not think a communist country like China is very happy that their citizens can get around their laws and regulations.

We can only speculate as to why China has suddenly turn its back on bitcoin and making a U-turn. They have initially started everything and a lot of self made millionaire Chinese because of bitcoin. Maybe they are now waging this war against crypto because their citizens was able to get around their laws as you mentioned. Specially the fake volumes that the Chinese exchanges have been doing before they are caught early this year. And for me that's started all of this. Next target is the local exchanges now, whether fake news or not have a big impact of the market price till now. But I don't think that Chinese will totally get out of bitcoin for now. They will still find ways to trade through or even can buy/trade bitcoin in localbitcoins.

[romero121]

China's ban will surely have some impact over the growth of the digital currency market. But the ban is not yet confirmed, in reality the place of China might be taken by the country next to it generating a new central hub for the entire digital currency network. For a short, small price fluctuations will be happen and soon after that it'll be growing better.