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edynolan
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September 19, 2017, 11:06:44 PM
 #61

just a trick in politics so everyone in china sells bitcoin for the price down and there the government buys and does not forbid bitcoin so they get a big profit.
it's only for some time until they do not forbid anymore
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September 19, 2017, 11:16:54 PM
 #62

China is not banning bitcoin.

Wrong.  China is banning Bitcoin.  They are launching a full war on Bitcoin.  Stopping the ICOs and closing the exchanges is in effect 'banning Bitcoin'. 
They are now banning all 2P2 transactions and also, possibly, the mining operations (this is unofficial atm though) so that REALLY sounds like a very direct war on BTC.

And is prohibited to trade using foreign exchanges like polo and Bittrex. Everything points alt that BTC will be illegal in China.

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September 24, 2017, 08:15:31 AM
 #63

China can not ban bitcoin networks, can not ban anyway just trying to close stock exchanges, this bans storm will be one step beyond mining ban, nothing to fear.
Yes,but most of the markets are red now. We can see bitcoins falling down with all other altcoins with red markets. It might be due to the fear that china is banning bitcoins but in real, they cant just simply ban bitcoins. Bitcoins are now a widely spread global network of payments and also many peoples have already adopted bitcoins as there main source of income.

Yes, bitcoins is used for some illegal ways but it is mostly used legally for making some good profits. There is no such huge reason for china to ban bitcoins. Perhaps china is banning the ICO and not actually the bitcoins.



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Pursuer
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September 24, 2017, 09:04:44 AM
 #64

China is not banning bitcoin.

Wrong.  China is banning Bitcoin.  They are launching a full war on Bitcoin.  Stopping the ICOs and closing the exchanges is in effect 'banning Bitcoin'. 
They are now banning all 2P2 transactions and also, possibly, the mining operations (this is unofficial atm though) so that REALLY sounds like a very direct war on BTC.

And is prohibited to trade using foreign exchanges like polo and Bittrex. Everything points alt that BTC will be illegal in China.

can you bring any reference for this or are you just spreading FUD?

so far I am still seeing Chinese volumes on their own exchanges be high, they are also still trading on other exchanges such as poloniex and bittrex. on top of it they are also trading bitcoin off the market like in face to face. and using localbitcoins.

and besides the Chinese government clearly said that OTC trading of bitcoin and other cryptocurrecies are perfectly legal.

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September 24, 2017, 09:19:47 AM
 #65

China can not ban bitcoin networks, can not ban anyway just trying to close stock exchanges, this bans storm will be one step beyond mining ban, nothing to fear.
Yes,but most of the markets are red now. We can see bitcoins falling down with all other altcoins with red markets. It might be due to the fear that china is banning bitcoins but in real, they cant just simply ban bitcoins. Bitcoins are now a widely spread global network of payments and also many peoples have already adopted bitcoins as there main source of income.

Yes, bitcoins is used for some illegal ways but it is mostly used legally for making some good profits. There is no such huge reason for china to ban bitcoins. Perhaps china is banning the ICO and not actually the bitcoins.
We do not see concrete actions. All are guided only by rumors. For me this is a good signal. When we first see panic and drop prices, then the price rises. I do not look at the price of bitcoin. Only when the price soars to I sell a few coins just in case I don't have Fiat. If the price is low I can always pause and live at the expense of my Fiat.

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September 26, 2017, 11:39:17 AM
 #66

Again i am seeing one more comfort zone  question please do some research or atleast understand whats happening china is trying to close illegal activities using bitcoin and in the name of ICO there is lots of scam happening everything they are regulating.
I don’t know what china is thinking about bitcoin but as they are banning it they will suffer their decision as the countries around china make it legal and are doing business in it then there is no logic by the Chinese to cutoff the bitcoin trade in their region and bitcoin is not that much effected by their decision but Chinese themselves will be effected sooner or later,

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September 26, 2017, 11:45:57 AM
 #67

Based on the article I've read,China won't ban bitcoin.. Only ico's are banned in China because they don't agree of collecting people's money inorder to raise a project..

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September 26, 2017, 11:51:19 AM
 #68

I think China wants in this way to reduce the number of scammers who use bitcoin for illegal purposes. Though it seems to me completely to forbid it to not turn out as hackers can bypass this interdiction.

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September 26, 2017, 12:02:55 PM
 #69

I think China wants in this way to reduce the number of scammers who use bitcoin for illegal purposes. Though it seems to me completely to forbid it to not turn out as hackers can bypass this interdiction.
It was the Ico and the exchanges they ban since their people were really seems interested on it and might cause conflict on their physical business and maybe too for ot will attract lots of scammer.

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thebanker28
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September 26, 2017, 12:10:29 PM
 #70

Can someone explain to me why china is trying to ban bitcoin.?

Thanks for your replies. Smiley
China is a complicated place, rather than considering it like the US or Italy, it is much more accurate to consider it along the lines of a continent. There are a vast array of cultures, languages and other things going on, all  held together under a single political system, in a single timezone.

To make this work, social order is extremely important, and the government has a heavy hand when it feels ny threat to social order. Many people were being swept up by ICO's and Bitcoin fever and many scams were being carried out. I believe this is why the government stepped in. I think once they get some level of control/regulation in place, much as they do with the internet things will get back to normal - but this might take months. Somrtimes things dont move quickly.
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September 26, 2017, 12:23:41 PM
 #71

China hasn't banned bitcoin. They are only breaking down on illegal bitcoin businesses.
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September 26, 2017, 12:50:06 PM
 #72

They don't try to ban the BTC they are trying to ban the ICO industry in their country.
 They can not mobilize capital for life-sustaining projects because capital is poured into the ICO, causing china society to have big problems.
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September 26, 2017, 03:50:10 PM
 #73

I think China wants in this way to reduce the number of scammers who use bitcoin for illegal purposes. Though it seems to me completely to forbid it to not turn out as hackers can bypass this interdiction.
It was the Ico and the exchanges they ban since their people were really seems interested on it and might cause conflict on their physical business and maybe too for ot will attract lots of scammer.
Might be right as you are talking because it is seems like that and in my suggestion sounds seems great because if they are reducing scammer then it will boost bitcoin and scammer will be removed just from china i think many countries should need to action against scammers.

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September 26, 2017, 03:51:37 PM
 #74

They don't try to ban the BTC they are trying to ban the ICO industry in their country.
 They can not mobilize capital for life-sustaining projects because capital is poured into the ICO, causing china society to have big problems.

They try to ban BTC dude. You're wrong in this point. They're attempting to kill an important industry in their territory, unfortunately.

This is dangerous the the whole ecosystem.

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November 09, 2017, 04:26:51 PM
 #75

China isn't banning BTC for now and won't ban BTC any time soon
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November 09, 2017, 06:17:36 PM
 #76

Easy to know man! Because Crimine use Bitcoin to money laundering. Besides, Government can control Bitcoin, so, they can't collect income personal tax from investors.

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November 09, 2017, 06:24:00 PM
 #77

China isn't banning BTC for now and won't ban BTC any time soon

China has just banned the ICO and may not ban BTC because the institutions had invested heavily from beginning and they might be earning good profits and thus this gives revenue to the country. So they would not like to lose out the revenue and thus may make it available for their citizens to trade and use it.

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November 09, 2017, 06:30:27 PM
 #78

Black money could be easily put to bitcoins....it becomes highly impossible for the government to trace ....China is world's most populated country and it becomes difficult for the government to regulate bitcoins
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November 09, 2017, 06:56:16 PM
 #79

they do the same two years ago. its a bluff, in 6 months they will operating normaly. (remember that) Grin
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November 09, 2017, 07:48:06 PM
 #80

they do the same two years ago. its a bluff, in 6 months they will operating normaly. (remember that) Grin
I guess so. Already hearing rumours about China going to unban exchanges and resume trading by licensing exchanges. I am assuming China is just trying to make sure the exchanges are following their strict fiscal laws.


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