btcsister (OP)
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September 18, 2017, 02:46:56 AM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
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Sadnu
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September 18, 2017, 03:00:31 AM |
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The future of bitcoins we can not read. But we have speculations for it that we can compare to what's happening today. Just like stopping China in ICOs and Exchangers. So it can affect bitcoins. But we really expect and almost everyone involved in Bitcoins. Our price will increase and keep hold of bitcoins. Because this is the answer to all our difficulties in life.
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iamTom123
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September 18, 2017, 03:04:32 AM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
China is just a hump in the road for the Bitcoin journey and I am sure that Bitcoin can all survive and even much prosper without the China market though it does not mean that there will be no Chinese holders of Bitcoin as the government in there is not actually banning Bitcoin but the exchanges and the holding of ICO. Chinese are very creative and resourceful people they can soon find ways and means to deal with Bitcoin away from the freaking and creeping eyes of their "rogue" government. China is just overrated and the market is overreacting to what the effect will the pullout of China from cryptocurrency. China is an important market but it does not mean that without China cryptocurrency can collapse it can even be better since China became the primary source of bad news for Bitcoin...once we kicked them out of the equation we can better move on and grow. Just look at Google, Facebook and Twitter...they are huge business but they do not have any significant presence in China. The future of Bitcoin remains to be so rosy and all of those spreading FUD about it are the people who are disrupted by the coin...we don't have to listen to people who are angry on Bitcoin. Long live, Bitcoin!
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HabBear
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September 18, 2017, 03:06:48 AM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned? No. Restrictions in China while there are more adoption based legislation conversations going on in Switzerland and the United States. Bitcoin is global, no one Country can take it down. And these restrictions from China don't even ban a Chinese citizen from owning Bitcoin, they just ban that citizen from using yuan to purchase or sell Bitcoin on an exchange in China. No where in the legislation does it bank bitcoin transactions. You can send bitcoin to anyone in China and they can send money to you. They just can't cash out in China, in yuan.
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Daffadile
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September 18, 2017, 03:09:34 AM |
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I don't think it will be banned it is not something that can really ban it is like trying to ban the internet, a fruitless exercise that will never happen. China already tries to "control" internet as much as they can by blocking certain services and sites in an effort to control their people.
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DaMut
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September 18, 2017, 05:15:32 AM |
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If you ever heard about Russian banning Bitcoin a few years ago, what is going on with them ? basically it did not affecting them at all,until now many people from russian still using Bitcoin and buy it or sell it. for now we might heard something like this from Chinese goverment but tomorrow ? they will not doing this for nothing,chinese is a leader in economy and because of their statement a major decline happened a few days ago. but it will not affecting Bitcoin future,because it has a lot room to grow and more importantly it has not being implemented yet by people. so what is the future ? it's very bright in my opinion,and for chinese people,even though the goverment banning it they still can buy it or sell it or use it off their country. so nothing to worry about all of this and keep holding
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naira
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September 18, 2017, 01:15:36 PM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
I think, when China forbidden of bitcoin transactions, there are still other countries that will accept bitcoin Bitcoin will still exist even though we cannot predict its value
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CoinsCoinsEverywhere
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September 18, 2017, 04:00:53 PM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
Other countries may try to ban it, but I don't think most countries will. However, there will probably be a lot more regulation in the future. If done poorly, it could really hurt bitcoin. But if it's done correctly, it should help increase bitcoin's value as it becomes a safer asset. It's also possible that China will eventually allow BTC <=> Yuan trading again with tighter regulation.
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adzino
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September 18, 2017, 04:29:54 PM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
Just remember bitcoin is a global currency, not a currency of a specific country or a currency whose value is backed by some countries. Chinas ban has actually affected the price negatively, but was a short term affect. This was due to investors trying to secure their funds. We have seen it recover since then. So I still think the future of bitcoin is bright.
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maokoto
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September 18, 2017, 04:43:14 PM |
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it is possible for it to receive bans... but I don't think it will ever be stopped. And morally it is not even right to ban it. How can you ban people from agreeing of using anything as money? That's how money begun to exist anyway.
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Nazmul012
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September 18, 2017, 06:21:49 PM Last edit: September 18, 2017, 07:04:07 PM by Nazmul012 |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
although future is totally unpredictable but i think china will recognize bitcoin soon. if not, then not to worry because bitcoin will not gonna stop in ffuture only for the reason that China forbidden bitcoin. bitcoin has of a colourful future. i would like to go with bitcoin & investment with it...
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CoinsCoinsEverywhere
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September 19, 2017, 05:44:31 AM |
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it is possible for it to receive bans... but I don't think it will ever be stopped. And morally it is not even right to ban it. How can you ban people from agreeing of using anything as money? That's how money begun to exist anyway.
Since when has morality stopped governments from doing things they shouldn't? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) There's a difference between trying to keep people from assigning value to something and trying to keep people from using something as an actual currency. The former is impossible--you can always trade one thing for another. But the latter is generally within the jurisdiction of governments--i.e., they can ban you from using something as a currency. Labeling something as a currency usually isn't trivial, and there can be consequences to letting anyone declare anything they want to be a currency. There need to be laws and regulations surrounding what a country uses for money, otherwise you could have economic chaos and all kinds of other problems like rampant fraud and other financial crimes.
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mehcat11
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September 19, 2017, 08:54:58 AM |
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Bitcoin will not banned just because of China is forbidden the bitcoin transactions. Bitcoin isn't weak. Bitcoin can get through the difficult time without China. Today, bitcoin price is return to $4000, the price of last week. Maybe it can decrease again, but i don't think that can be banned bitcoin.
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Denker
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September 19, 2017, 09:01:48 AM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
There is no ban of Bitcoin or any for forbidden transactions in China so far!! This is all still rumor. So please don't spread something you have no proof for. We will have to wait what's going to happen with cryptos in China. However a ban won't hurt Bitcoin in any way. It is global, and one country acting as China may do will only hurt itself in the long run! China doesn't had that much of any major significance since the wash trading got stopped by government interference. Bitcoin will continue to work as it was designed for. As a censorship resistant money transfer protocolof global scale and significance. Honeybadger doesn't care what China or any other nation state has to say or is doing!
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jerowacik
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September 19, 2017, 09:26:55 AM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
bitcoin is now showing that the strength of bitcoin can beat the power of the country of china. bitcoin prices slowly began to rise and everyone has been happy to see the current state. I predict bitcoin will continue to grow for the better in the future, bitcoin in the future can be a tool of payment that is widely used and has been implemented in the financial system on a large scale. this certainly can not happen without the support of bitcoin. using bitcoin and introducing it to the wider community is the most effective way to increase the bitcoin's prestige.
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Seansky
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September 19, 2017, 11:40:25 AM |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
Bitcoin's future is looking good IMO and I think it's future price is good too. Also, it might be that bitcoin transactions in China is forbidden but it is not forbidden in the rest of the world so dont think that due to the ban of btc transactions in China bitcoin's future will be bad. Also, I think it would not be banned by most of the countries that use btc today, they might follow with Japan's legalization but with it comes tax but still it is a good sign that btc's future is very good.
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eann014
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September 19, 2017, 02:21:45 PM |
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Bitcoin will not be ban at all even if it is ban in China. It is just ban with their place. Why are we going to be affected with it. It will still continue even without China but maybe bitcoin will not have a fast increasing amount.
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kryptqnick
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September 19, 2017, 07:02:46 PM |
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I don't think it will be banned it is not something that can really ban it is like trying to ban the internet, a fruitless exercise that will never happen. China already tries to "control" internet as much as they can by blocking certain services and sites in an effort to control their people.
Yeah, it makes sense to me. Transactions can't really be tracked to specific people.Some problems might occur with selling btc for fiat but there's always an option to deal face-to-face with no credit cards, so it's rather safe. Moreover, even though btc is not the most developed and innovative currency, more and more projects get involved with it, so the ban will be too unprofitable for many influential people. I guess even full ban of btc in China is rather impossible.
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richardsNY
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September 19, 2017, 07:11:05 PM |
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China is just one country, and yet we see people poop their pants because exchanges at this point aren't allowed to offer CNY trading anymore. Bitcoin will move past this nonsense drama without any problems. People shouldn't forget that we have a limited supply, and a constantly increasing demand -- do the math. I am as bullish as ever, and there is absolutely nothing in the world that can change this.
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crazylikeafox
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September 19, 2017, 09:19:19 PM |
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BTC future is still bright there are still untapped market for it and the adoption is still on going there are many people still hasn't known bitcoin. There are other countries had made it legal when using it.
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