China Down Price Down vs Valve Perfect World

[DonMarco]

Just a small question
What was a chance to close almost all China based exchanges ( i mean closed fully or stop to trade fiat/crypto) and drop price about 1,000$ in 2 days
and in same time VALVE launch CS:GO for perfect world.

P.S
Can someone provide here small graph with amount of bitcoin payments on STEAM?

[chr!s w!lly]

you can check price back to rise again so i think china cant stop bitcoin

[h0lybyte]

The exchanges in china were not closed permanently but stopped for a tempory period of time.
According to news sources,banning bitcoin exchanges in china is nothing but a FUD.
For china,bitcoin is an element consisting many interconnecting parts,since the bitcoin existance,they have shown very deep relation with it.
So in my opinion,they will definitely embrace bitcoin again.

[illusioNiZt]

CSGO is free for China with perfect world update so people don't need to spend buying the copy of the game, China putting regulations on Crypto-currency and perfect world update has no connections perfect world update was announced around 5months back.
https://dotesports.com/counter-strike/csgo-free-to-play-china-16750

[DonMarco]

Yes but now i mean about Bitcoin STEAM CSGO Skins and GAMBLING with them...
Now you can put bitcoin in steam buy csgo skins with Bitcoin ( not only on steam ) and gambling on websites later you can sell skins for money..
I will wait a little bit to veryfie prices of skins if they are growing on market or not... and if yes how much...

[shield132]

Just a small question
What was a chance to close almost all China based exchanges ( i mean closed fully or stop to trade fiat/crypto) and drop price about 1,000$ in 2 days
and in same time VALVE launch CS:GO for perfect world.

P.S
Can someone provide here small graph with amount of bitcoin payments on STEAM?

I couldn't imagine if china was going to ban bitcoin exchanges, from my side there was no chanse for that but as we see it's happening. But there was a high chanse of dropping prise because it rised very quickly and much. Perfect World has introduced its version of cs:go to china as we know but I think it don't has to do anything to bitcoin prise, release dates makes doubts for some people, not for me.

[burevucud]

China has issued ICO injunctions only and closed only on a limited number of exchanges. But because of these restrictions, the trade has shifted to trading on Japanese exchanges so you do not need to worry too much about China closing down the trading floors. 

[herehero]

Just a small question
What was a chance to close almost all China based exchanges ( i mean closed fully or stop to trade fiat/crypto) and drop price about 1,000$ in 2 days
and in same time VALVE launch CS:GO for perfect world.

P.S
Can someone provide here small graph with amount of bitcoin payments on STEAM?

I couldn't imagine if china was going to ban bitcoin exchanges, from my side there was no chanse for that but as we see it's happening. But there was a high chanse of dropping prise because it rised very quickly and much. Perfect World has introduced its version of cs:go to china as we know but I think it don't has to do anything to bitcoin prise, release dates makes doubts for some people, not for me.

Bad news , it really happened ten days ago.

[Kingofbitcoin12345]

I'm not expecting it to closed all,, as in all.. Maybe they want to do something big and planned for it.. Bitcoin don't do harm to they're economy it even give much more benefits than it would do bad at all.. Let's make this issue die alone with the reality bitcoin will be here no matter what china will do against it..

[reliable]

China has issued ICO injunctions only and closed only on a limited number of exchanges. But because of these restrictions, the trade has shifted to trading on Japanese exchanges so you do not need to worry too much about China closing down the trading floors. 

Can China closure lead to the other developing country think about banning the coin or not is the important question here. Only few counties have legalized it and majority of the countries are undecided or still in the phase to draw a line if needs to be legalized or ban it. Will this effect or not needs to be checked.

[peter0425]

China has issued ICO injunctions only and closed only on a limited number of exchanges. But because of these restrictions, the trade has shifted to trading on Japanese exchanges so you do not need to worry too much about China closing down the trading floors. 

Can China closure lead to the other developing country think about banning the coin or not is the important question here. Only few counties have legalized it and majority of the countries are undecided or still in the phase to draw a line if needs to be legalized or ban it. Will this effect or not needs to be checked.

I doubt China has a influence of the developing country to close their exchanges as well. They would however, might implement a more rigid regulations with regards to crypto or virtual currency. All eyes of China right now regarding their decision on banning ICO and crypto and just maybe other countries are observing as to what the effect of this on China. Some news circulating around says that China is just temporary banning their local exchanges and they have to apply a permit before resuming their operations.

So we have to wait and see how the China will do and how the market will react. For now, lets considering them out of the crypto world and let other nation take the lead. Japan is filling the void lately, as trading volume covers almost 50% of the daily trading.

[nidacoinlove]

China has issued ICO injunctions only and closed only on a limited number of exchanges. But because of these restrictions, the trade has shifted to trading on Japanese exchanges so you do not need to worry too much about China closing down the trading floors. 

Can China closure lead to the other developing country think about banning the coin or not is the important question here. Only few counties have legalized it and majority of the countries are undecided or still in the phase to draw a line if needs to be legalized or ban it. Will this effect or not needs to be checked.

I doubt China has a influence of the developing country to close their exchanges as well. They would however, might implement a more rigid regulations with regards to crypto or virtual currency. All eyes of China right now regarding their decision on banning ICO and crypto and just maybe other countries are observing as to what the effect of this on China. Some news circulating around says that China is just temporary banning their local exchanges and they have to apply a permit before resuming their operations.

So we have to wait and see how the China will do and how the market will react. For now, lets considering them out of the crypto world and let other nation take the lead. Japan is filling the void lately, as trading volume covers almost 50% of the daily trading.

This is a wise decision if you consider China out of the game. They are no more in the crypto stuff, which could strengthen the cryptocurrency and its users as well with various dynamics to not to feel dependent on China anymore.
I don’t want to go into the discussion of why china banned cryptocurrency exchanges. I am more interested in to how and which countries can grab this opportunity to fill this space. Statistically it shows that it is Japan moving forward to be Crypto king.

[Lion BItcoin Shop]

the goverment will make bitcoin transaction is illegal, so market exchangger will closed, but the erality we have p2p marketplace + decentralization (open bazzar) and also we have p2p exchanger like https://localbitcoins.com so i think goverment can't stop bitcoin network.

[player514]

China has issued ICO injunctions only and closed only on a limited number of exchanges. But because of these restrictions, the trade has shifted to trading on Japanese exchanges so you do not need to worry too much about China closing down the trading floors. 

Can China closure lead to the other developing country think about banning the coin or not is the important question here. Only few counties have legalized it and majority of the countries are undecided or still in the phase to draw a line if needs to be legalized or ban it. Will this effect or not needs to be checked.

I doubt China has a influence of the developing country to close their exchanges as well. They would however, might implement a more rigid regulations with regards to crypto or virtual currency. All eyes of China right now regarding their decision on banning ICO and crypto and just maybe other countries are observing as to what the effect of this on China. Some news circulating around says that China is just temporary banning their local exchanges and they have to apply a permit before resuming their operations.

So we have to wait and see how the China will do and how the market will react. For now, lets considering them out of the crypto world and let other nation take the lead. Japan is filling the void lately, as trading volume covers almost 50% of the daily trading.

This is a wise decision if you consider China out of the game. They are no more in the crypto stuff, which could strengthen the cryptocurrency and its users as well with various dynamics to not to feel dependent on China anymore.
I don’t want to go into the discussion of why china banned cryptocurrency exchanges. I am more interested in to how and which countries can grab this opportunity to fill this space. Statistically it shows that it is Japan moving forward to be Crypto king.

I also think it's a smart move on China's part if they were trying to purchase a large amount. It's very similar to the JP Morgan incident. The CEO comes out calling BTC a sham, the price drops, and JP Morgan is found buying the dip. It's possible that China was trying to either manipulate the market to see how much control they had on it, or it's possible that they were trying to buy a dip.

[btc_angela]

China has issued ICO injunctions only and closed only on a limited number of exchanges. But because of these restrictions, the trade has shifted to trading on Japanese exchanges so you do not need to worry too much about China closing down the trading floors. 

Can China closure lead to the other developing country think about banning the coin or not is the important question here. Only few counties have legalized it and majority of the countries are undecided or still in the phase to draw a line if needs to be legalized or ban it. Will this effect or not needs to be checked.

I doubt China has a influence of the developing country to close their exchanges as well. They would however, might implement a more rigid regulations with regards to crypto or virtual currency. All eyes of China right now regarding their decision on banning ICO and crypto and just maybe other countries are observing as to what the effect of this on China. Some news circulating around says that China is just temporary banning their local exchanges and they have to apply a permit before resuming their operations.

So we have to wait and see how the China will do and how the market will react. For now, lets considering them out of the crypto world and let other nation take the lead. Japan is filling the void lately, as trading volume covers almost 50% of the daily trading.

This is a wise decision if you consider China out of the game. They are no more in the crypto stuff, which could strengthen the cryptocurrency and its users as well with various dynamics to not to feel dependent on China anymore.
I don’t want to go into the discussion of why china banned cryptocurrency exchanges. I am more interested in to how and which countries can grab this opportunity to fill this space. Statistically it shows that it is Japan moving forward to be Crypto king.

I also think it's a smart move on China's part if they were trying to purchase a large amount. It's very similar to the JP Morgan incident. The CEO comes out calling BTC a sham, the price drops, and JP Morgan is found buying the dip. It's possible that China was trying to either manipulate the market to see how much control they had on it, or it's possible that they were trying to buy a dip.

But it doesn't make sense that they will create this widespread FUD just to get at a good buying point. Do you mean the Chinese government is intentionally doing it or other Chinese entities are the one trying to manipulate the price? If they actually did so why close their exchanges? They just hurting the Chinese community which they said that they are protecting that's why then banned ICO. The JP Morgan is different case, they took advantage of the situation calling bitcoin a fraud then secretly buying huge amount but unfortunately, someone notices what they are doing. But the Chinese, I highly doubt that they are doing it to intentionally profit.

[Slow death]

I highly doubt that they are doing it to intentionally profit.

they are doing what any government would do, of course the Chinese government is different from other governments, but many ICOs are created with the intention of stealing money from investors and the exchange has already had many dark stories and that is why I think they should be regulated, something that may happen in the near future

[Sehorn 666]

china is country which try to sell anythings so they can’t stop mining and trading

[Baofeng]

I highly doubt that they are doing it to intentionally profit.

they are doing what any government would do, of course the Chinese government is different from other governments, but many ICOs are created with the intention of stealing money from investors and the exchange has already had many dark stories and that is why I think they should be regulated, something that may happen in the near future

I agree with setting a proper regulation so that they protect the interests of investors and properly deal with risks involved. There are really a lot of scams ICO and their intention is to really steal money from investors. But having a well regulated law, this may somewhat limit those who are thinking of scamming more investor. There are a lot of reports saying that they will require license or permit for those company who wants to raise large sums of money. But this time they will be scrutinized by whatever body will give them permit to operate. But this remain to be seen though.

[HeRetiK]

Just a small question
What was a chance to close almost all China based exchanges ( i mean closed fully or stop to trade fiat/crypto) and drop price about 1,000$ in 2 days
and in same time VALVE launch CS:GO for perfect world.

P.S
Can someone provide here small graph with amount of bitcoin payments on STEAM?

Yes but now i mean about Bitcoin STEAM CSGO Skins and GAMBLING with them...
Now you can put bitcoin in steam buy csgo skins with Bitcoin ( not only on steam ) and gambling on websites later you can sell skins for money..
I will wait a little bit to veryfie prices of skins if they are growing on market or not... and if yes how much...

Interesting correlation but I doubt that there was any steam-related intention behind China's announcement Also I didn't know that CSGO skins gambling is still a thing, I thought Valve already cracked down on it?

Either way, Steam has been accepting Bitcoin payments for quite a while now, so if anything China would have reacted sooner.

[Mister1k]

I highly doubt that they are doing it to intentionally profit.

they are doing what any government would do, of course the Chinese government is different from other governments, but many ICOs are created with the intention of stealing money from investors and the exchange has already had many dark stories and that is why I think they should be regulated, something that may happen in the near future

That's why people from the ICO investing are reporting many places and Some of the countries bans the ICOs with their country IPs. For China's bitcoin banning not comes under this ico token. It will affect the complete bitcoin payment system. Now, China is not involved anymore in dump or bump. So you guys have to concentrate the upcoming fork from Bitcoin gold spliting. I think some may went through this news.