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Author Topic: CHINA will halts all Bitcoins exchange....  (Read 1287 times)
Jake052478 (OP)
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September 14, 2017, 01:44:35 PM
 #1

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....
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September 14, 2017, 03:17:24 PM
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Believe or now. I'm sure with you this is a fake new that was given by chinese "bitcoin holders" . They want to the price of Bitcoin reaches to the bottom then they can spend all their money to gathering bitcoin again and make the price of bitcoin reach to the moon. This is an old stragedy that Chineses used before.
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September 14, 2017, 03:23:49 PM
 #3

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Bitcoin will still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.
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September 14, 2017, 03:28:41 PM
 #4

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Bitcoin will still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.

We have to face the hard fact that bitcoin will really go crashing down. And its gonna took a for a while before we see the price could touch $4000. But if China really wants to get out of bitcoin then let it be. There are still major players around like Japan and South Korea and the US that will make this market regain it strength in the next coming months or years. If you are in for the long term, then you are just cool I guess. But for investors who think that bitcoin is a quick rich scheme and seeing the price going down, then they must be the first one to panic and push the sell button.

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September 14, 2017, 03:29:41 PM
 #5

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Bitcoin will still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.
that's possible to happen as the news from china really affecting the holders and with jp morgans owner also fudding about bitcoin I'm not sure now
if bitcoin can still have the back up support if its fall to 3k$ level but for me bitcoin will survive and the price will rise up again.
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September 14, 2017, 03:29:56 PM
 #6

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Not only bitcoin will survive, it will thrive.

Back in the day, Silk Road was supposed to be the reason for bitcoin's high value, then Silk road went down and a flash crash happened and panic and all that stuff, then bitcoin went all time high. Cheesy

Don't sell cheap.

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September 14, 2017, 03:41:04 PM
 #7

There are still no official statements from the Chinese government so take this with a grain of salt. Some people think this is just some rumor spread to shake weak hands.

Besides, how will the government do it and what would the effect on them? They have a lot of people that invested in cryptocurrencies... Would they allow their citizens time to cash out their money for yuans? And then what will the government do after that, take the bitcoins and hold them?

What about the mines? If those don't get closed down, where will miners cash out? Would they end up selling bitcoins out of China? Would the government even allow that?
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September 14, 2017, 04:49:08 PM
 #8

Better  sell all of your BTC now and buy it back again once price hit $2000. Because it will hit it or even less in October.
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September 14, 2017, 05:08:21 PM
 #9

Better  sell all of your BTC now and buy it back again once price hit $2000. Because it will hit it or even less in October.
it could be a good idea to take a cutloss , but when you still believe it will have another bounce back then just watch and wait. it has a same value in the end when you sell now in cheap to buy it later cheaper , personally it was not my style by the way.

even if china completely ban everything related to bitcoin , nobody can stop bitcoin transaction itself through the blockchain.

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September 14, 2017, 08:19:33 PM
 #10

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

The biggest exchanges in China stated that they have never receive any directives regarding this. The Chineese govt already said that it is not against bitcoin at all, and in fact they are not close mind about it. I don't think you searched a lot about this, maybe you saw 1-2 posts here and just repeat. They are a lot of people like you who are misinforming others, resulting in people on panic mode, selling their coins, making the value failing...

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September 14, 2017, 09:29:20 PM
 #11

It's all politics. They're a communist country, people buying bitcoins and getting filthy rich doesn't fit that model.

That's my view on it anyway or perhaps it's because the government can't manipulate it.

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September 14, 2017, 09:39:50 PM
 #12

It's all politics. They're a communist country, people buying bitcoins and getting filthy rich doesn't fit that model.

That's my view on it anyway or perhaps it's because the government can't manipulate it.

I definitely agree with you. The Chinese Government is trying to make the most out of their residents as they can. Since Bitcoin avoids taxes and fees charged from the Govt, it is seen as a threat to their desire to grow richer and stronger.

This area is up for grabs! PM me if you're interested.
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September 14, 2017, 11:39:45 PM
 #13

Just a temporary measure from the Government to curb on the rampant capital outflow of rmb. Either they come back into business after some additional soft regulation/KYC and capital controls or the exchange market will move to the underground market/OTC and it will be business as usual in a few months.
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September 14, 2017, 11:52:22 PM
 #14

It will have a big fall but I think it will survive contrary the predictions.
It is true that the chinese community is one of the big communities in Bitcoin but I hope it will raise again.
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September 14, 2017, 11:54:06 PM
 #15

It's all politics. They're a communist country, people buying bitcoins and getting filthy rich doesn't fit that model.

That's my view on it anyway or perhaps it's because the government can't manipulate it.
What the crack! China ban everything now?
After the ICO now they are really want to stop trading operation there ,
No wonder why the market crashed! People around the world are trying to sell their bitcoin together at once because of this!
This is the moment where we have to stay patient to get rewards later.
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September 15, 2017, 12:00:41 AM
 #16

This will be a big bad news for us and i think the price could be decrease more soon.. .
So hoping that this news will be fake and this coming october that reverse will be happen..
For now i think better to sell my few bitcoin and holding the rest.. Just to be sure that i still save few bitcoin..
And hope that the price can be increase back again and hoping that the news we heard from china are fake. .
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September 15, 2017, 12:05:19 AM
 #17

Yes, China will.But what is that matter? For those who believe in cryptomarket for a long time, it's not so important.

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September 15, 2017, 12:10:57 AM
 #18

This is all very similar to what happened in 2014 - Bitcoin started skyrocketing and then China issued some regulation and rumors that Bitcoin will be banned, and the price has crashed. Sounds familiar, isn't it? But I think this time Bitcoin is much stronger, as it has already 8 years of history, growing mainstream attention and technological improvements. Also, China shouldn't be viewed as important economic player - they hate freedom and ban many good things, so banning of Bitcoin should be viewed as a sign that big governments and Banks recognize and are scared by it, because it works.

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September 15, 2017, 12:30:23 AM
 #19

As the days passed by, the termination of bitcoins exchanges in China has become apparent and I think, there is no holding back.  they are determined to call it quits as they have declared that the usage of bitcoins has no legal basis... I think China is not the only proponent to stop Bitcoins but also Bankers.  Remember, J.P. Morgan Chase has also expressed displeasure on Bitcoins.   So maybe they are just threatened by the popularity of bitcoins nowadays....
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September 15, 2017, 12:35:51 AM
 #20

Many people panic about it, and sell their bitcoin, because they do not want to suffer huge losses, of course it will affect people who keep their bitcoin, because this policy makes a considerable impact and felt by the traders, so far I think . I will continue to wait for the price to reach the lowest point and buy a lot of bitcoin so I can hold it and hold it, because I think bitcoin will recover.
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