China Will Kill Bitcoin: A Conspiracy Theory

[Yanisumin]

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!

we have no choice to wait. for the benefit of all of course they will decide these things on court with bases. I hope that crypto wont come to an end BUT

Like what the saying tell: "The power of Information can kill us"
I think we should reconsider when you are being updates on the news, the danger is dissipating here are the links :
https://www.cryptocoinsnews.com/deciphering-chinas-central-bank-regulation-icos/
https://www.cryptocoinsnews.com/bitcoin-price-recovers-major-drop-chinese-exchanges-not-banned/

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[Beerwizzard]

Why should they do it? Why people are worried so mutch about it? imho there is a lot of farmers located in china and that makes this country one of the biggest beneficiaries of most cryptoactivities. And the number of chinease miners only grows for the past year so that possibly makes it more centralized in future.

[HatakeKakashi]

Even price bitcoin decrease we are always here to support bitcoin . And take note not only china have  huge user there are many country are hugeuser than china. And for sure those country lovr bitcoin they did not want to die bitcoin so they can buy more so even without the help of china . Bitcoin will be strong , famous and more powerful . I dont think why is the reason behind them .

[Alphagog]

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!

Damn man, you are really high with the "Shabu" thingy you got. You gimme some. LOL.

But seriously, though what benefits are the Chinese getting from banning bitcoin or even killing it? Chinese has been the beneficiary of bitcoin ever since they have found and love it and evident of the miners farm they have. Personally, we are not thinking the same by saying that they have this plan and why just now? And if ever this comes into reality, others will take the void that China will left and bitcoin will still continue to function normally.

You have rightly said. There does not seems any kind of benefits which China will get by killing this Crypto currency. China is one of the greatest user of the Bitcoin and all other digital currencies. They actually know the worth of these digital currencies, China will never ever take a risk of loss.

[error08]

Bitcoin is a decentralized digital currency, has been spread widely across the world, has real usability as medium of exchange and I think there is no any country could kill bitcoin. Government can ban it, the price will fall down, but it will recover again even though it takes several months. On the other side, whenever bitcoin price fall, it's an opportunity for everyone to purchase some cheaper coins.

[jovs]

what they want to do is just regulate the token market and grab it in hands instead of getting rid of it.As digital currency is always decentraling and seperating from gov's hands,what china has done and being done is just on the contrary of digital currency's mind.what if the things you are doing is on opposite side of the main trend,will it succeed of fail?

China is the largest country in the world that does have the largest population. So in terms of transaction China could be a number factor for Bitcoin development and growth in terms of transaction. Yet the theory about China will going to destroy bitcoin could possibly happened if the number of transaction will exceed in the higher expectation of Bitcoin making the value of Bitcoin unbalanced to its transactions.

[aardvark15]

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!

It seems unlikely that they would take such drastic measures to outlaw Bitcoin. However, you may be on to something with them trying to kill Bitcoin. It's possible that they will try to either control it or make it worthless by banning it so that they can make a cryptocurrency for their country that they run and control themselves. I don't know if they would have the power to make Bitcoin fail at this point but I could see them trying to do that.

[triads]

It's unlikely they will try to ban BTC... China wants to be a new center for
global finance. Bitcoin is at the cutting edge of that. Banning it or even making
transactions very difficult would run counter to their global aspirations.

More likely is getting onto the systems of the various exchanges, setting up
monitoring, backdoors, etc. Why kill the system when you can profit from it?

[nakata90]

China kill ICO but not means will kill the cryptocurrency community. According to my hypothesis, the Chinese are plotted to enrich their Government, squeeze to make price the market disorder and acquisition, then push the price to enrich themselves.

[stunvn]

Why the fuck cryptomarket should care about China and their problems?

This market was growing without China years ago.

[lilRoy07]

China could burn/ moon the price of BTC.

What if China say they are banning BTC, but really buy a truckload of it - by banning X amount of people, and taking coins.

What ... if.

[MAbtc]

It's unlikely they will try to ban BTC... China wants to be a new center for
global finance. Bitcoin is at the cutting edge of that. Banning it or even making
transactions very difficult would run counter to their global aspirations.

More likely is getting onto the systems of the various exchanges, setting up
monitoring, backdoors, etc. Why kill the system when you can profit from it?

Bingo. No government can look around at what is happening in the Bitcoin/cryptocurrency space today and believe that they are going to disappear. Either get with the program or get left behind. There is only so much time to develop an ideal regulatory environment before other countries become the hubs for cryptocurrency finance. Just look at Vietnam, legalizing cryptocurrencies and outlining a regulatory framework.

I don't think the ban on ICOs will remain permanent, either. But the amount of money being put into this space is becoming large enough that the government feels they need to get a handle on it (AML, outflowing capital, unregulated securities, etc).

[athanz88]

Well, in my opinion, Bitcoins is still a relative new currency, but it is indeed growwing stronger, but we re talked about China here, their economic system is one of the biggest and can influence many things, so China have a chances to doing it.
but i believe people here want it to happen, so i hope Bitcoins can grow faster so it will be hard to kill it. Thats what i thought for this matters.

[Michael_Token]

It's hard to believe, because most Bitcoins are mined in China. Their economy profit from Bitcoin and crypto innovation.

[nidacoinlove]

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!

Damn man, you are really high with the "Shabu" thingy you got. You gimme some. LOL.

But seriously, though what benefits are the Chinese getting from banning bitcoin or even killing it? Chinese has been the beneficiary of bitcoin ever since they have found and love it and evident of the miners farm they have. Personally, we are not thinking the same by saying that they have this plan and why just now? And if ever this comes into reality, others will take the void that China will left and bitcoin will still continue to function normally.

I totally agree with you that the Chinese are the one who have got most benefits from bitcoin in the world but let me make it clear that it is not the Chinese government who has got benefits from bitcoin the Chinese people are making money with bitcoin and all the cryptocurrency stuff.
Chinese government banning the ICO's and may ban bitcoin in the future its reason according to my knowledge is very simple. China have deployed Socialism as a form of economic system now socialism is a lenient form of communism though things are a bit different but at the end they both are sort of the same. They don't want their public to be involved in any kind of economic activity bypassing the government & government interest.

[Kakmakr]

Why the fuck cryptomarket should care about China and their problems?

This market was growing without China years ago.

China is one of the biggest economies in the world. If U.S. -China trade cools down, it will inevitably have an adverse impact not only on the two countries but also on the entire global economy.

The Chinese are not just fucking around with Bitcoin, they are doing this with other industries too. A recent example is the car industry : https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z { ban sales of diesel- and gasoline-fueled cars in China }

You should consider them as the world's second-biggest economy. ^hmmmmm^

[salihno71]

China is currently one of top economic powers in the world and any move is likely to be felt one way or another. Kill is maybe a bit too strong word, but it can surely influence it. If they would forbid it, they could forbid the local exchanges and maybe even find a way to prevent individuals from using it but they would not be able to influence the usage of the btc outside China. So they could try, but i'm not sure they would succeed.

[EdenHazard]

Why the fuck cryptomarket should care about China and their problems?

This market was growing without China years ago.

China is one of the biggest economies in the world. If U.S. -China trade cools down, it will inevitably have an adverse impact not only on the two countries but also on the entire global economy.

The Chinese are not just fucking around with Bitcoin, they are doing this with other industries too. A recent example is the car industry : https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z { ban sales of diesel- and gasoline-fueled cars in China }

You should consider them as the world's second-biggest economy. ^hmmmmm^

actually they are ban everything to force their citizen to use their own products. for example they ban/block google so they have baidu as search engine . quite smart. i don't know what the next plan of chinese government for bitcoin in the near future.

i just think the idea/thought here are too delusional far away from the facts.

[Jake052478]

probably they will start a new currency a bitcoin like so that they can compete with the existing one... well... they are very much into imitation so... they will imitate it eventually.... they would proclaim themselves as superpower as the U.S. is indebted to China for quite sometime now...

[GlassMaster]

In order to destroy bitcoin it must be banned by all countries. The ban of one China can only reduce the number of users for a while, and in time in other countries people will join it.