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Ewinsane
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October 02, 2017, 02:39:55 PM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
That. People should think for once; is it really coincidence that each time the price is going up significantly, Chinese fud is popping up? As long as people keep reacting to this sort of fud, the sentiment, and eventually the market will continue to get affected. This behavior only incentivizes the entities behind this fud to continue doing what they are doing - it works every time. It just shows that a lot people here don't know what Bitcoin is, or how this market works and gets affected - these people are blatantly gambling with their savings. A lot of people surely have no idea and I can't blame them. A lot of people bought bitcoin thinking it is a HYIP scheme that would make them rich overnight and when FUDs like this happens and they noticed they bought higher than what the price is, they quickly sell up fast. We will keep having people like this, no doubt! |
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"You Asked For Change, We Gave You Coins" -- casascius
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adsdas
Sr. Member
 Offline
Activity: 337
Merit: 250
https://streamies.io/
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October 02, 2017, 03:45:16 PM |
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this is happen all the time. people who invest on bitcoin still dont known what is bitcoin, what is blockchain, what is decentralized...
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Aleister Crowley
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October 02, 2017, 03:55:38 PM |
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If China treats Bitcoin as you say, it's good news for us all. Because, China is very influential in the Global market, now is a good time to buy Bitcoin. But, buy Bitcoin in a wise way (do not get greedy) think about the effect, good or bad?
if in a few days back we buy a lot of bitcoin already on make sure today has become berli [at double ,, should ktia should not waste the slightest opportunity to buy bitcoin ,, of course the effect of china is very strong .. besides some people who suffered losses due to cut loss but on the other hand there is the advantage of the impact of problems that arise from China Im sure there are people who do lose up money unless if they did able to buy on the dips but if they do sell out for cutting loses and didnt buy on that range for sure they are still losing some money.Sorry for those who did panic sell on loss and now seeing on the price it did recover already and gradually increasing.I do hope it would pump out soon so that my profits would really be more.  as always happens,. bitcoin always recovers within a few weeks,, a loss for those who panic, but this may still be replaced if they buy at a low price and sell it at the peak of the highest price .. trading is just time, until we can sell and buy at the right time and at a time when this is the kind of skill required in trading |
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iram1011
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October 02, 2017, 04:52:40 PM |
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That was not an official article. But an article by someone who understands Bitcoin. I agree to the point that Bitcoin can't be controlled because of its presence on internet which can be escaped easily using VPNs and TOR. If government tries then that will only be the waste of time and resources. Regulating Bitcoin and other cryptocurrencies will be in the best interest of government. By that they can keep a check on inflow and outflow of money along with earning some tax over the gains. Kind of having a give and take relationship with Bitcoin.
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Hui8
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October 02, 2017, 05:05:23 PM |
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There was no rumour or fake news about the ban in china bevayse they themselves declared that they won't be doing any ICO or bitcoin operation within china territory. However this news is all new and coming recently that they will be allowing the ICO but will keep it regulated. This is actually an attempt to avoid the illegal operation through the ICO to happen and to help Chinese from falling for scams and stuff like that. |
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UCHCHILD
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October 02, 2017, 11:25:03 PM |
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Great. This why bitcoin is recovering now. Traders will be feeling great with this. I hope fake news will never come to its end again bitcoin is recovering now and having its good hands now.
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wuvdoll
Legendary
Offline
Activity: 1442
Merit: 1025
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October 04, 2017, 03:22:17 PM |
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There was no rumour or fake news about the ban in china bevayse they themselves declared that they won't be doing any ICO or bitcoin operation within china territory. However this news is all new and coming recently that they will be allowing the ICO but will keep it regulated. This is actually an attempt to avoid the illegal operation through the ICO to happen and to help Chinese from falling for scams and stuff like that. Yes. Bitcoin ICOs and exchange were really banned by Chinese government in its country for the safety of investors and the local currency i.e. yuan. This news spread fear across the bitcoiners because the prices fell down. The ban is not over still and China is planning to regulate it this time. Everything that happens is for good. China never actually invaded bitcoin. |
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Cindy1983
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October 04, 2017, 03:43:16 PM |
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From the start, I know that China will never ban Bitcoin, they just ban ICO and some other altcoins cause they're scam. As everyone know, almost biggest Bitcoin mining factories all over the world are located in China so let see how much money the China government get every month from tax of these factories? I think it's really huge so nobody willing to lose this huge profit that why Bitcoin will never be banned in China.
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jennywhzz
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October 04, 2017, 06:46:13 PM |
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This very never a doubt for anyone that is really paying attention. There are those weekend traders that are just here and there for fun and profit, but the ones that are serious about money have been reading the pinks from the China government and knew that it was never more than a show of possible power and a flaring of nostrils by the China government.
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vc888888
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October 04, 2017, 06:59:42 PM |
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there is always a good news for bitcoin trader that the graph of bitcoin rate is most probably increasing and less probably decreasing which is the best news for bitcoins trader.
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malikusama
Copper Member
Sr. Member
Offline
Activity: 1050
Merit: 294
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October 04, 2017, 07:01:13 PM |
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After all they realize they were doing something wrong. Bitcoin has gained so much value and importance that countries will regret after they put a ban on it. Regulating bitcoin is somehow a solution to keep using bitcoin while preventing any misuse or illegal use of it. May be china will soon announce and launch their own cryptocurrency which will be under control of chinese government. |
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stepwilli
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October 05, 2017, 07:53:53 AM |
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Chinese government can actually create panic and cause amateurs traders to sell there coins to whales but it cannot banned bitcoin as bitcoin is universal. I think bitcoin should be using as world currency as it represents perfectly the idea.
Even if they ban it's too hard to find out who is using because bitcoin is pseudo-anonomous and people will still use it. Exactly banning bitcoin in some country doesn’t mean that all the residents out there would be stopped using that thing. No, like in our country all the deals and transactions involving bitcoin are banned ad illegal. But we are doing work, government know it but they know people are not getting affected by this campaign. So we are doing it openly. |
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thend1949
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October 05, 2017, 08:05:23 AM |
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After all they realize they were doing something wrong. Bitcoin has gained so much value and importance that countries will regret after they put a ban on it. Regulating bitcoin is somehow a solution to keep using bitcoin while preventing any misuse or illegal use of it. May be china will soon announce and launch their own cryptocurrency which will be under control of chinese government. I think china government is not fair with other currencies at all because they are banning other crypto ico due to they wanted their currencies to rise and to compete with bitcoin. With that news about their new crypto currency I guess that's another opportunity to those who trade bitcoins, because it's open to the crypto market if their coins will be active at trading sites, and I am sure pumps and dumps will happen smoothly. |
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Razick
Legendary
Offline
Activity: 1330
Merit: 1003
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October 05, 2017, 08:08:17 AM |
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Chinese government can actually create panic and cause amateurs traders to sell there coins to whales but it cannot banned bitcoin as bitcoin is universal. I think bitcoin should be using as world currency as it represents perfectly the idea.
Even if they ban it's too hard to find out who is using because bitcoin is pseudo-anonomous and people will still use it. Exactly banning bitcoin in some country doesn’t mean that all the residents out there would be stopped using that thing. No, like in our country all the deals and transactions involving bitcoin are banned ad illegal. But we are doing work, government know it but they know people are not getting affected by this campaign. So we are doing it openly. "in our country all the deals and transactions involving bitcoin are banned ad illegal." If you do not mind me asking, which country are you from? I have not heard of a country outright banning Bitcoin/blockchain altogether. That seems like quite a drastic measure. USA is built on banking and still has not even made BTC illegal. It is quite sad how there are so many brutal dictatorships/autocracies out there. No government should be banning this amazing, revolutionary technology. |
ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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noictib
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October 05, 2017, 08:39:57 AM |
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Here this is really a good thing that we came through in that condition where it becames sure that we have no chance to get loss in the price of the bitcoin . Here everyone was frustrated in the price fluctuations of going down because the most of the people were thinking that bitcoin will be ban by the government of china . But here this thread is directly showing that what the condition of the bitcoin is and how people will use even ban Because government can ban the official use but they can't stop network of bitcoin , so they cannot do anything special to stop the use of bitcoin . And also a new factor is in the country China that many people are dependent over the cryptocurrency field , so they cannot stop bitcoin for Thier public use . Well here we need to share this information in between the friends and at social media so that people can choose right way to invest in bitcoin again and remain positive . |
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DragonSlayer
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October 05, 2017, 08:57:26 AM |
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After all they realize they were doing something wrong. Bitcoin has gained so much value and importance that countries will regret after they put a ban on it. Regulating bitcoin is somehow a solution to keep using bitcoin while preventing any misuse or illegal use of it. May be china will soon announce and launch their own cryptocurrency which will be under control of chinese government. I think china government is not fair with other currencies at all because they are banning other crypto ico due to they wanted their currencies to rise and to compete with bitcoin. With that news about their new crypto currency I guess that's another opportunity to those who trade bitcoins, because it's open to the crypto market if their coins will be active at trading sites, and I am sure pumps and dumps will happen smoothly. If that's the case well they are not successful for that banning since bitcoin still the top after all there banning implementation came and we cannot erase the strong fact that bitcoin are much trusted among the other coins outhere and those chinese coins will never defeat it since the bitcoins had worldwide supporters and china got only some few holders and stakeholders. |
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pyedpyper
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October 05, 2017, 09:27:23 AM |
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this is happen all the time. people who invest on bitcoin still dont known what is bitcoin, what is blockchain, what is decentralized...
people are only interested in that these things can bring them a lot of money))) |
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jerowacik
Legendary
Offline
Activity: 1162
Merit: 1000
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October 05, 2017, 11:07:55 AM |
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This very never a doubt for anyone that is really paying attention. There are those weekend traders that are just here and there for fun and profit, but the ones that are serious about money have been reading the pinks from the China government and knew that it was never more than a show of possible power and a flaring of nostrils by the China government.
it's been seen from now on. we have seen the movement of bitcoin prices are fairly positive. this decision does affect the market but we still can still feel the benefits. hopefully there is still good news that can give a positive sentiment to the development of bitcoin. |
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micle222
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October 05, 2017, 11:18:25 AM |
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This very never a doubt for anyone that is really paying attention. There are those weekend traders that are just here and there for fun and profit, but the ones that are serious about money have been reading the pinks from the China government and knew that it was never more than a show of possible power and a flaring of nostrils by the China government.
it's been seen from now on. we have seen the movement of bitcoin prices are fairly positive. this decision does affect the market but we still can still feel the benefits. hopefully there is still good news that can give a positive sentiment to the development of bitcoin. But the news gives us traders the advantage that we can buy Bitcoin with the lowest price at that time. |
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Jameseversmile
Member
Offline
Activity: 84
Merit: 10
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October 05, 2017, 11:22:47 AM |
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Simply buy bitcoin and abandon for atleast one year. I already made times 7 from October last year. I think that's an easy way to success. That,s success
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