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Author Topic: China ban  (Read 804 times)
Adbitco
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September 15, 2017, 12:58:50 PM
 #21

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.
Yes bitcoin can't be controlled but bitcoin exchanges can be and that's what it is being said and heard what China has decided to do and because of that bitcoin prices seem to have fallen to such low but I am pretty sure that the effect of China banning, regulating bitcoin exchanges etc on bitcoin prices is short lived and bitcoin will register an ATH soon
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September 15, 2017, 01:20:24 PM
 #22

They only forbid ICO, but some people sell their bitcoin in bulk, in fact this is just panic, look any minute, bitcoin price will go to $ 10,000
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September 15, 2017, 02:31:34 PM
 #23

I personally would be only happy if from this time, china gets out of bitcoin. Then we will have less dependent bitcoin Smiley A healthy bitcoin
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September 15, 2017, 06:10:26 PM
 #24

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.
Yes bitcoin can't be controlled but bitcoin exchanges can be and that's what it is being said and heard what China has decided to do and because of that bitcoin prices seem to have fallen to such low but I am pretty sure that the effect of China banning, regulating bitcoin exchanges etc on bitcoin prices is short lived and bitcoin will register an ATH soon

I agreed with you! Chaina banning just a temporary action over the Bitcoin. Cause of China a big community, last couple of days FUD and finally some big exchange of China closing down all of these the main reason recent crush. Just hold very strong, bitcoin will go ATH.

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MisterKT
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September 15, 2017, 08:48:22 PM
 #25

As we all see the bitcoin is very strong and overcome the chinese ban decision. The trend is back to 3600$.
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September 15, 2017, 09:41:09 PM
 #26

I personally would be only happy if from this time, china gets out of bitcoin. Then we will have less dependent bitcoin Smiley A healthy bitcoin

And I wouldn't be. We can't say China like it was one entity. The regulators are doing their best to make it safe for people to use exchanges, while the exchange owners are only thinking of making money, so they will try to stay afloat as long as possible. I'm also quite sure some people responsible for spreading these news are actively engaged in trading and becoming millionaires as we speak.

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September 29, 2017, 06:11:04 AM
 #27

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.
Government can not stop bitcoin so do not be worry.  Government only make the regulation to make investors are not invest in bitcoin. Bitcoin not only used in china but in around the world so bitcoin will be fine.

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September 29, 2017, 06:44:05 AM
 #28

I personally would be only happy if from this time, china gets out of bitcoin. Then we will have less dependent bitcoin Smiley A healthy bitcoin

There could be another issue if China back out of bitcoin it means there is danger coming because it was China who initially started and supported bitcoin and due to which other countries got interested in and now if China is out it means other countries will have to rethink or other countries who have not yet decided to make it legal may too ban this in coming time.

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September 29, 2017, 09:50:55 AM
 #29

The ban will be executed tomorrow.
They keep their exchanges trading back to Yuan, which is sealing their date of death.
They do so, because the Chinese government can't control or persecute cryptos.
Also they say it's missused for money laundering and sending money across the border.
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September 29, 2017, 10:26:07 AM
 #30

I personally would be only happy if from this time, china gets out of bitcoin. Then we will have less dependent bitcoin Smiley A healthy bitcoin

Agree with you! Bitcoin is very uncomfortable for the Communists. But anyway in my opinion this all story about ban is only kind of game to lower the price of BTC. Time will show..

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September 29, 2017, 02:48:46 PM
 #31

Due to the controversy between the USA and North Korea the btc price is rising.

Because there live many people in china it's foreigner can affect much things, also the price of bitcoin.

But you must keep in mind, that there's much more than china and the price will only go down temporarily as we could see 2 weeks ago.

That's why I don't fear china banning ico's and trading btc on exchanges.

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September 29, 2017, 03:21:43 PM
 #32

Due to the controversy between the USA and North Korea the btc price is rising.

Because there live many people in china it's foreigner can affect much things, also the price of bitcoin.

But you must keep in mind, that there's much more than china and the price will only go down temporarily as we could see 2 weeks ago.

That's why I don't fear china banning ico's and trading btc on exchanges.


where do you get the information about the bitcoin price increase because of USA and North korea controversy ? lol

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September 29, 2017, 04:03:00 PM
 #33

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?

It's more then "FUD".

At this point I can't really use my 1000 in bitcoins for day to day commerce.   For almost everything  I need on a day to day basis, food, fuel, electric power, paying my property tax, buying a car, I can't us bitcoin.   I am forced into an exchange to get my local fiat.  That may change at some point but I have no idea when.  

Just like crocodiles  who wait just under the surface of the river for some other animal to come to drink, governments can and will attack the exchanges were people will come to drink.  Governments are a lot worse then crocodiles.  In the US, banks and stock brokers are required by law to send a 1099 which reports profit/loses.  If you think for 1 second governments are not going to do the same with bitcoin, you are mistaken.  It's only a matter of when the cash flow becomes large enough to make it worth their time.

Until the day when I can buy all of my needed, goods and services with a send function from my bitcoin wallet this subject is anything but Fear Uncertainty and Doubt.  It's a real as any other risk we face.  Government can't stop black markets and that may be the only home for cryptocurrency.
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September 29, 2017, 04:05:02 PM
 #34

Due to the controversy between the USA and North Korea the btc price is rising.

Because there live many people in china it's foreigner can affect much things, also the price of bitcoin.

But you must keep in mind, that there's much more than china and the price will only go down temporarily as we could see 2 weeks ago.

That's why I don't fear china banning ico's and trading btc on exchanges.


I completely disagree,   events in North Korea have no effect on bitcoin.  North Korea couldn't grow weeds if they dispatched 1 million people to plant them.
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September 29, 2017, 07:32:06 PM
 #35

They are working in underground. We don't need to worry about this ban. Chinese guys will keep going in this way. They can not live without it.

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September 30, 2017, 03:32:44 AM
 #36

I see this article today 30-9-2017 After reading I have some questions for you. China has banned the ico in their own country and closed down a number of small trading floors but that now has little effect on copper bitcoin as their trader has moved all the way to Japan to invest. So now there is no need to worry as China bans a series of trading floors  Smiley
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