China banning bitcoin exchages, good or bad?

[WHTP]

This was back in September, and as we saw with the Bitcoin prices it did not affect it at all. We're at a point where a single country cannot really affect the price.

[buttonmc]

This can make Bitcoin price lower, because China have many BTC mining pools, plus China is large country by itself. Chinese people can change Bitcoins via other bitcoin exchanges, but China have own restrictions, so may be it is not possible. 

I agree with your opinion friend. As players decrease, the price is rising. Therefore, it is worth thinking about investing in Bitcoin.

[iMark]

This can make Bitcoin price lower, because China have many BTC mining pools, plus China is large country by itself. Chinese people can change Bitcoins via other bitcoin exchanges, but China have own restrictions, so may be it is not possible. 

I agree with your opinion friend. As players decrease, the price is rising. Therefore, it is worth thinking about investing in Bitcoin.

I think any news and speculation regarding the ban on bitcoin use in any country will have a bad impact on the market, you know the market and users are very sensitive in this few month about that news, when this news re-emerges, I'm sure will have a bad impact on the market crypto

[TheGreatPython]

This was back in September, and as we saw with the Bitcoin prices it did not affect it at all. We're at a point where a single country cannot really affect the price.

Actually I would beg to disagree but it does affect the values of Bitcoin in the market and that was the reason why the prices dropped so sharply. This is a factor that we call it exogenous and it disturbs the economy as a result of which the demand falls and the prices also fall. What matters the most is that China was the center of high Bitcoin mining due to low priced power and if that is no more, of course it affect the Bitcoin.

[SIHIN]

China prohibits the spending of bitcoin, good or bad? a good question, for me want China or any country that forbids bitcoin, still no effect why? because now the whole country already knows about btc and they are already thinking about what will be made btc for each country, so for me still btc will grow and good, although there is a bad side it does not last long.

[sultanali]

If you are talking in the perspective of China they are only doing it to save their economy from being devalued and a master at cloning products, therefore, they may ban bitcoin but they will introduce their own cryptocurrency to be regulated in China.

[AjithBtc]

China is a big supporter to the cryptocurrency. Due to some economic failure and fake volume of exchanges made it go with banning of few exchanges. Even after that they were allowed to function with certain norms to be fulfilled as well regulations were made effectively. I believe exchanges will prefer other countries as base, if China is strong in banning exchanges.

[gabmen]

If you are talking in the perspective of China they are only doing it to save their economy from being devalued and a master at cloning products, therefore, they may ban bitcoin but they will introduce their own cryptocurrency to be regulated in China.

Lol. They've consistently done things to try and take bitcoin down in their country dragging the market down with it as well but in time, the market recovers amidst all the hoola from china. I don't think we need china here

[Nahdatullah]

China is the largest miner and largest investor in the world. that's my opinion.
if china prohibits accessing bitcoin it will have a bad effect. auto bitcoin enthusiasts decreased and caused prices to drop rapidly.
I consider China as a bitcoin investor ambassador.

[tronghai12345]

Not only bitcoin exchanges, they ban everything from the outside. And the answer is both good and bad.
But after talking with a chinese guy, I tend to think more about it as a good thing.
Lets talk about it in a wider perspective. China is trying to make their entire ECONOMY closed. (Facebook and Google can not go there and do anything; Wechat is dominating over there)
With that, it will not be affected by other nations. It can develop and grow its own way, which is the reason why no one can stop China from growing so fast now.

[WUUEX79]

In previous years China has shifted the position of the United States as a country with the largest economy in the world. Likewise also in the world of bitcoin, bitcoin in mainland China's quite popular. In China, there are a lot of bitcoin miners, many bitcoin speculators and also many demand and bitcoin offerings in China. Mainland China has become an important part in the bitcoin world. So don't be surprised if China's very capable, to shake up the price of bitcoin.

[ivull]

in my opinion good

[maianh09]

China banned the Bitcoin exchange as a bad move, which negatively affected the whole market, especially during this unfortunate period. But the owners of the exchanges have moved their companies to accept them. This has had a positive impact on the market.

[yusupjatigumilar]

I think that's a good thing, because when they do baned to bitcoin, the price will automatically decrease, this is a good moment for us to buy as much as possible in a low price, this will be very profitable for us when prices move up

[PalindromemordnilaP]

As China bans bitcoin and crypto, it did greatly affects the market value of bitcoin as it plummets down to thousands of dollars. But after that, the cryptoworld has used to it and moved on without the support of China and remarkably, bitcoin has surged to 20,000$ last year. So i don't think the banning of China in bitcoin exchanges is a bad thing.

[Cinemo]

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

Making China great. Cause bitcoin is our cryptocurrencies cause we have been a good job, but we should not capitalism. Cause bitcoin are not capitalism. Cause we all have a new study. I believe that bitcoin is not true, and technology  Cause I think it is a new study, but its my account.

[Dowrich80]

The bitcoin valuation increase is most affected to increase by mass adoption and China alone consists of nearly two-thirds of the world's population, refraining china from using bitcoin is not a good sign for bitcoin and its valuation however a democratic pressure may make it inevitable too,

[legenduim]

I do not see anything good in it. Yes, this ban affected the cryptocurrency prices and they started to fall. I do not think that we will see Bitcoin for 20K very soon.

[Bakayaroo0]

We know that most Bitcoin investors are from China, they are holding a large number of bitcoin and if they will ban even the exchange of course it has an effect but over all we can still recover just like what happened now still the bitcoin continue to rise although a lot of countries ban bitcoin. Any thoughts?

[pro army]

It looks like some people took advantage of the banning at exchanges to damage bitcoin value, all they are doing is legalizing the exchanges giving them licenses to operate into the market, soo as i heard about the legalization is coming into China, soo prepare for a huge demand for bitcoin.