China banning bitcoin exchages, good or bad?

[ethereumhunter]

and if China really banning bitcoin exchanges until there are no exchanges that allow operating, then it will give some bad impact for their people because they cannot continue to make money from the crypto and they will become stress. I think China will release the banning and will give some explanation related with the exchanges and if the exchanges want to still run, the exchanges need to obey the rule and will follow the regulations without any question and the exchanges will need to protect their member.

[KeijiN]

I think this casse is quite bad, because China is a big deal...If they will ban bitcoin it will affect us significantly bad. I think the price will suffer red.

[droptableguy2]

This is an old news but sad nonetheless. China has a huge number of people in crypto currency. Banning it just means that they will have to liquidate all their holdings and make the price plummet dor all of us. I just hope that more and more countries accept crypto currencies.

Time for China to ban the BTC has deepened the market. It is unlikely that today's BTC and ETH prices will go up because some Chinese investors have abandoned the government-banned cryptographic market. But I also hope that more countries accept BTC. So the market will grow stronger.

[trako]

causing the current market volume to decline. but the world is huge. and time is quickly changing all the balances. the market was shaken to the base because of this incident in the month of August. but it was bouncy again very soon. we all know that. they can not go ahead of time. technology is developing. BitCoin is becoming increasingly valuable. maybe the speed we are expecting does not exist right now but it will be getting better.
The faster we are, the better for us. but the current prices are not easy. Let's not forget this.

[BulbaLord]

China banning bitcoin exchange? In my opinion  i think   china one of the biggest investor of bitcoin. And Of course this is bad news, we all know that china is big country that can make bitcoin Most popular.

[Mastsetad]

Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

These kind of news doesn’t even bothers me at all. All I’m interested in knowing is what’s the condition, what’s with the price of Bitcoin, is it going up or going down? What is happening exactly? That’s all I care to know and apart from that nothing else matters to me. Most of all these things are FUDs and is sometimes being sponsored and carried out by the whales to make the price of Bitcoin and other cryptocurrencies to fall, so they can make a space to invest at a better price rate.

[spyerf]

Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

this may affect the value of bitcoin. but not for a long time. considering this sort of thing is not a new problem. and I think, despite such a ban, not everyone in China left crypto. they will still perform activities on the crypto as before.

[MisterStylish]

 I feel terrible for the People of China right now. So many are confused by what's going on also Bitcoin seems like the only way out of poverty for people all over the world. I hope other governments don't follow suit.

[meqnurgn]

The latest news about the Chinese market this month is that they intend to push some special policies in a province in the south of the country, in which the digital currency exchange can be opened in the province. This may be a positive signal.

[MGBloomz]

In my opinion I will say that this decision is good for China, because there are many strong banks in their country an if they let bitcoin to become legal in their side, most of their banks will weaken. It is bad for crypto world , because the demand of bitcoin will decrease and if this happen its value also will decrease too, but suddenly I think bitcoin will rise again due to its uprising popularity around the world.

That was already happened and we can't undo the past. The news had shaken the crypto world and could be the reason of massive downfall after the tremendous rally last year. Now, we had already recover from those setbacks. We are still doing good without China as more countries are open minded to accept bitcoin in their country. So, Nothing to worry I'm hoping that China will reconsider to accept crypto soon.

[Wong Goblog]

Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

this may affect the value of bitcoin. but not for a long time. considering this sort of thing is not a new problem. and I think, despite such a ban, not everyone in China left crypto. they will still perform activities on the crypto as before.

It seems that the current price reduction is due to the impact of China banned cryptocurrencies exchanges, but I agree that the impact of the banned is only temporary and the price soon skyrocketed again.

[Mbah Djoko]

Of course this is bad news, and chances are the factors that are hampering bitcoin prices and are hard to reach $ 10,000 is the banned Chinese exchanges government, I hope this is reviewed because the biggest crypto user now is china.

[tdtduy]

Everything has two sides of it. The good side of China's banning of Bitcoin means that the Cryptocurrency market manipulation is restricted by the Chinese who always want to own as much Bitcoin as a virtual asset to avoid looking at their government. . But really this is bad news because the Chinese banned Bitcoin has negatively impacted the Cryptocurrency market, directly impacting and making Bitcoin fall deeply in value. Currently, Bitcoin is still working on this issue.

[Gudhal Untu]

Of course this is a bad thing, when any country is banned bitcoin, ICO or exchanges let alone the largest user country of cryptocurrencies ie china it will bring impact and panic for users in the country and its impact globally will make the price drop.

[crazymelons12]

Banning bitcoin may be good in their views. In our side it might be bad for the bitcoin community as this would create FUD. But I believe they have good reasons for it. Let's just continue and don't let this news create fear among us. Let's continue investing in bitcoin

[sepeda karat]

I think it's just a chinese strategy to outwit bitcoin users, as has happened BTC up to two five million, then rose drastically to sixty-five million.

[Mhd-Bobbi]

yes they are maintaining their economic stability, if bitcoin is strong in their country then china will get negative impact and chinese government will be overwhelmed to overcome this problem, long before that happened china government has been careful who get decision to do the rules to exchange bitcoin and yuan in China

[jak3]

OK honestly this news does not affect me anymore i have heard this type of news like three times till now and i am hearing it from 2013. China will never ban bitcoin permanently and i do not think any country will ban bitcoin permanently because they simply need it for their survival. Nobody can reject money from their existence no matter who is controlling them. But if it can improve my life then of course i will accept it sooner or later that's the human nature. in addition to all this Bitcoin is our future currency so why will it be ban on any country those are just temporary.

[jonaire99]

It will be bad for the people in China who want to invest in cryptocurrencies. Some of them might be buying and trading bitcoins in some underground crypto exchanges. This China cryptocurrency ban will no longer affect bitcoin prices and it been ignored by many traders and exchanges.

[Danlopz]

It would be a bad news because we would lose some investors from that country,
And if we lose investors that would decrease the demand and the price would drop down too.

China has decided to ban local bitcoin exchanges. That's because bitcoin has suffered a lot due to price manipulation by Chinese bitcoiners and bitcoin miner dominance. We can not forget the obstacles made by Chinese mining and miners in activating segwit. Previously, bitcoin markets were largely dependent on China for every thing. Some people say that China does it because people pass through the banking system and in turn government regulations use bitcoin. China more than any other country wants to have strong control over its banking system, and allocate credit according to the political agenda.