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Author Topic: China ban  (Read 805 times)
cryptosovereign
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September 12, 2017, 11:04:11 PM
 #1

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.
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ncsupanda
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September 13, 2017, 12:51:04 AM
 #2

Your post seems to do nothing but help spread "FUD".
China's most recent "Ban" was targeting the implementation of an ICO, not them saying they "will not tolerate exchanges".

Why is China the only country that has an opinion worth caring about?

I Buy/Sell WoW Gold and Blizzard games in the US. PM me for more information.
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TryNinja
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September 13, 2017, 01:09:11 AM
 #3

Btw, even if those news are true and China is taking actions, they will only regulate exchanges and not ban Bitcoin.

Even Charlie Lee - who spread today's rumor - said that China has nothing against Bitcoin in his twitter.


sepely
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September 13, 2017, 01:16:49 AM
 #4

Btw, even if those news are true and China is taking actions, they will only regulate exchanges and not ban Bitcoin.

Even Charlie Lee - who spread today's rumor - said that China has nothing against Bitcoin in his twitter.


charlie already deleted this post. and i think he made bad joke. i don't believe ban will be happen.
GorillaDental
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September 13, 2017, 01:17:45 AM
 #5

It seems like most long-term hodlers look at China bans as a buying opportunity...just sayin
Velkro
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September 13, 2017, 01:24:37 AM
 #6

The news has become more and more clear that China will not tolerate exchanges.

This is spreading FUD.
Since years there are regular news that china bans bitcoin. It never turned to be true.
Its a FUD in pure form :>, i dont care if price will go up or down, but dont do this.

mjglqw
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September 13, 2017, 02:38:41 AM
 #7

Based on what we know right now, the only confirmed news is China's banning of ICOs. If you want to read more about this news: https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

China's banning of exchanges are only rumors as of now. We haven't heard of official news from China about banning of exchanges. Most of the post you read online about China's banning of exchanges are fake news and only trying to spread FUD for various reasons. You should always wait for news from the main source only(Chinese Government).

P.S. Don't believe Charlie Lee's recent tweet either.

banake
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September 13, 2017, 03:33:06 AM
 #8

In the last few minutes, multiple sources including Litcoin founder Charlie Lee have confirmed a China ban.

However, this is a formal ban on Bitcoin exchanges, not crypto currency or bitcoin as a whole.

Crypto is decentralized and therefore attempting to ban it is almost impossible.

Banning exchanges however, will make it much more difficult for average Chinese citizens to purchase bitcoin.

❓Will this lead to the rise of the Alt coins or a month of profit crushing FUD?❓

☝️Our opinion is that due to the recent decline in prices, which were due to China FUD, the prices of most Alt's and Bitcoin already have this news priced in. The community is getting sick of China.

pooya87
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September 13, 2017, 04:00:23 AM
 #9

The news has become more and more clear that China will not tolerate exchanges.
China like any other country will not tolerate illegal activities. it has nothing to do with bitcoin, it just happens that a service called "exchange" is doing illegal stuff which the Chinese government is trying to stop.

This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
give me 1 example of the government ever pushing back bitcoin! i dare you!

It would have been better to have a smaller country that is less involved than China push back initially.
so you just created this account to spread FUD? are you shorting bitcoin?

pschler
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September 13, 2017, 04:20:39 AM
 #10

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.

This is bullish longterm. We always needed regulation and integration with traditional systems. If you are a hodler you will benefit longterm. This could become a multi-trillion dollar industry.
bwells88
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September 13, 2017, 04:29:13 AM
 #11

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.

China bans BTC every other week and it chugs along just fine. Don't overreact to this.
mdyso
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September 13, 2017, 04:40:51 AM
 #12

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.

Big nothingburger event. Don't worrya bout it.
Ol!v!er
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September 13, 2017, 09:38:23 AM
 #13

i think bitcoin are out control of government so that if china ban bitcoin it is not important things
Wusolini
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September 13, 2017, 09:51:07 AM
 #14

i think bitcoin are out control of government so that if china ban bitcoin it is not important things

Not completely true. BTC is indeed out of government control ( can't "manipulate" it directly ) ... but is proven that major bans and restrictions seriously affects the BTC price ... which is quite important thing.

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CataloniaFM
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September 14, 2017, 05:52:38 AM
 #15

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.
The fact that China has banned ICO does not mean that they will cover and bitcoin, on the contrary they want to make it an alternative to the yuan, just control over it will be tougher.

danturner34776
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September 14, 2017, 07:43:10 AM
 #16

They won't be "banned". Leading exchanges like Huobi, OKCOin and BTCC will probably be eligible to get some kind of a license when the government introduces its new rules of regulations and also after that we can expect some new exchanges to be introduced. We will see a change in volume from Asia but nothing we should be worried about.
LewisPirenne
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September 14, 2017, 11:33:07 AM
 #17

BTCChina already announce that they will cease trading on Sep 30.  They are already trading at a huge discount at RMB 19K, which is less than USD3K.
https://twitter.com/YourBTCC/status/908285586368167936
m!llar
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September 15, 2017, 07:21:18 AM
 #18

bitcoin price down more than 1000$ after china ban now we see how can can really effect with this coin
Velkro
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September 15, 2017, 10:05:39 AM
 #19

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.
In past, where china got 90% traffic of Bitcoin trade (it turns out it was fake traffic) this message would scare people, but now?
I don't get it why its so important.

coinspam
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September 15, 2017, 10:10:35 AM
 #20

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.
In past, where china got 90% traffic of Bitcoin trade (it turns out it was fake traffic) this message would scare people, but now?
I don't get it why its so important.
China FUD is cool. It tanked BTC to $3k which is a great buy price.
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