China to Shut Bitcoin Exchanges - winter is coming

[btc78]

The news has been going in the last few days and we already felt the effect of it. But now it looks like the dumping has stopped because the price is going green at $4200+. The Chinese investors would just have to move their coins around like in Polo or Kraken and continue to do their trading activity. So for me, we have somewhat overcome this negative news already because the price seems recovering as of this time.

[starblocks]

This is rumored to just be FUD or 'media hype' at this stage

I'd wait for an official statement before panicking

[Bitcoincole]

This is rumored to just be FUD or 'media hype' at this stage

I'd wait for an official statement before panicking

Don't feel bad of what china shutdown bitcoin exchange because it was just a strategy for the players in china to lowdown the exchange currency of bitcoin for as the bitcoin holder got panic and sell in a low price because they think the bitcoin would reach it 5000 + for this year.

[MintCondition]

This is rumored to just be FUD or 'media hype' at this stage

I'd wait for an official statement before panicking

Don't feel bad of what china shutdown bitcoin exchange because it was just a strategy for the players in china to lowdown the exchange currency of bitcoin for as the bitcoin holder got panic and sell in a low price because they think the bitcoin would reach it 5000 + for this year.

China been talked of the month in bitcointalk. It juat shows how influential China is in crypto and how they want us to see that they have power over manipulating the price of btc when they do some decisions. We need to be consistent on our decisions.

[eastwind_ja]

are you a chinese,  even chinese don't believe  that  winter  will come  if  China Shut Bitcoin Exchanges .  it is not a big deal,  one country's  policy means nothing to BTC.

[dragon695]

many people can write thing on wsj. dont believe media anymore

[nelmari]

These are just rumors and speculations with no solid grounds that it could happen although yes you could say it will be bad for bitcoin and it could drop its price again especially if the news would come out that it will truly shut down bitcoin exchanges, but we'll see if it does happen.

[Specterminate]

today it's China, tomorrow it will be some other country. The point is that some regulation might attract more investors into the crypto markets, while the negative thing is that over regulating it might suffocate the market and BTC's price respectively

[ibuddy122505]

Don't believe such of media news! Lessons Learned from the Chinese Fud/News. This is why, people are scared, and getting rid of their crypto and ultimately the market has become extremely volatile. Just keep in mind that Nobody can stop Bitcoin.

[starblocks]

One Chinese exchange just shut down I wonder when more will follow suit?

[omonuyak]

I do believe this is going to be a temporary ban as the arm of Chinese government is to regulate the activities of trading exchanger's platform and ICO project. I read an article online that Chinese regulatory authority want to make blockchain technology more profitable to their citizen and thus the government must protect the citizens from scamming activities.

[eastwind_ja]

I do believe this is going to be a temporary ban as the arm of Chinese government is to regulate the activities of trading exchanger's platform and ICO project. I read an article online that Chinese regulatory authority want to make blockchain technology more profitable to their citizen and thus the government must protect the citizens from scamming activities.

not  so simple.  chinese regulators  are afraid of  losing  control  of   ecnomic markets,  so they may shut down  btc exchages  for a long time until  the world accept  BTC  better. 

[intrader]

just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
  is this bad for us

No, btc will be stronger without china,do you think china really have big impact on btc?
After btc out from china market they will need 10x from current price to have btc again
The good news is bitcoin is legal in japan and worldwide

[yanto@1977]

just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
  is this bad for us

No worry about that, China has power to decides what the best for their own country, we can't do nothing. Besides that, exchanges not only in China. We can find it around the world or even exchange from trusted friend. For me, it's just speculation and will go as soon as possible. Have a nice day.

[stomachgrowls]

just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
  is this bad for us

No, btc will be stronger without china,do you think china really have big impact on btc?
After btc out from china market they will need 10x from current price to have btc again
The good news is bitcoin is legal in japan and worldwide

Knowing the truth it can really give an impact on Bitcoin knowing that China is a big player on this crypto currency world and knowing they are holding up the largest mining farms on bitcoin too.This is why this news is just really temporary even though there are exchanges have been closed already wondering whos next but eventually they would go operate again but they are already have a license.

[carlisle1]

just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
  is this bad for us

No worry about that, China has power to decides what the best for their own country, we can't do nothing. Besides that, exchanges not only in China. We can find it around the world or even exchange from trusted friend. For me, it's just speculation and will go as soon as possible. Have a nice day.

well western exchange will play a lot from now since china seems to be really serious about this matter and they are feeling that this crypto industry
really threatening their economy so for now maybe we will see more exchange to be temp or permanently closed.

[wareen]

I do believe this is going to be a temporary ban as the arm of Chinese government is to regulate the activities of trading exchanger's platform and ICO project. I read an article online that Chinese regulatory authority want to make blockchain technology more profitable to their citizen and thus the government must protect the citizens from scamming activities.

not  so simple.  chinese regulators  are afraid of  losing  control  of   ecnomic markets,  so they may shut down  btc exchages  for a long time until  the world accept  BTC  better. 

Maybe forever, because they do not need to open if they want this FUD can affects the mentality of traders unstable in a long time. Then, they will have much time to buy Bitcoin till enough to create new trend and continue earn profit, very easy to make money

[jvdp]

just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
  is this bad for us

No worry about that, China has power to decides what the best for their own country, we can't do nothing. Besides that, exchanges not only in China. We can find it around the world or even exchange from trusted friend. For me, it's just speculation and will go as soon as possible. Have a nice day.

well western exchange will play a lot from now since china seems to be really serious about this matter and they are feeling that this crypto industry
really threatening their economy so for now maybe we will see more exchange to be temp or permanently closed.

This is also a one of the reason why bitcoin is now banned in China. If any new currency replace their Currency means,they will loss his entire Economy system and the value of their Currency to the crypto. So only they banned Bitcoin a week ago.But they can't control the bitcoin user.So only the start of Accepting bitcoin.

[TooDumbForBitcoin]

Japan where cryptocurrency is legal currency can save us from stupid China gouverment decisions. Yaun is devaluated - so lets ban btc, not upgrade economic  XIX summit of  Communist Party of China is take place soon, I think PBOC will more soft after

[viralz]

You are right,
it is so scary.
I imagine that Chinese would sell their coins and it may be a short term panic sell.

Probably, I dont know, I would like to check other opinion on this thread