Oh Shit! - China bans Bitcoin yet again. This time for real.

[manselr]

Regurgitating the same news will not work to push the price lower. They aren't scaring anyone anymore, the novelty factor is lost, the price isn't even moving anywhere. When people see the headlines they will realize "oh wait I have heard this before". There's no point in trying to negotiate with them. The language barrier is too strong, they will never understand what real bitcoin is. Let them mine BCash or whatever shitty hardfork they come up with next.

[1715416226]

1715416226

[xfaqs01]

Yep, that is right - China does it yet again.  Bitcoin is now banned AGAIN!!!  Quick sell your Bitcoin!!!
https://cointelegraph.com/news/china-will-heavily-crack-down-on-all-bitcoin-trades

How many times is China going try this same trick?  How many times are stupid people going to care and fall for the same story? 

As many times as long as theyll profit from it, bacause they can only ban ICO's and exchanges but the blockchain technology of bitcoin itself? Ibthink they cant stop it, chinese will just shift to decentralize exchanges using VPN's and other stuff. Just my cent.

VPNs also banned in China.

If they can't trade Renminbi with bitcoin easily, bitcoin will never be used at a relevant scale in China.

Some highly tech savvy people will continue to use, but no significant use can be achieved if bitcoin is banned.

Well VPN is not the only solution for sure, theres a bunch of exchange sites from different countries available such as japan, singpore, etc. Especially decentralize exchanges that china cant ban, and right now on a news only 7% bitcoin volume left in chinese exchanges, it means that they transfer their holding to ezchanges that are out of jurisdiction of the chinese government law..

[MiBambino]

Don't you think its thr loss?

In time they'll realise their mistake, hopefully it'll be sooner than later

[rjbtc2017]

Yep, that is right - China does it yet again.  Bitcoin is now banned AGAIN!!!  Quick sell your Bitcoin!!!
https://cointelegraph.com/news/china-will-heavily-crack-down-on-all-bitcoin-trades

How many times is China going try this same trick?  How many times are stupid people going to care and fall for the same story? 

Bitcoin Trading is the one who gets banned and not exchanges right? Well, Again it's their loss and not bitcoin itself and not bitcoin community. Some posters here might be right that it's another trick by Chinese Government to lower the price again, they need JP Morgan to trash talk about bitcoin again and then buy a massive amount of bitcoin, again. Lol. They also need mainstream media to report and release multiple articles that describes bitcoin death. Let the Chinese Government leave the Bitcoin System and still the Bicoin community and Bitcoin System will continue to survive.

[NRF]

Let China trader quit from our crypto world. We dont need them anymore and we dont talk anymore

[RawDog]

Let China trader quit from our crypto world. We dont need them anymore and we dont talk anymore

We should ask Thermous to lock this forum: https://bitcointalk.org/index.php?board=30.0 Chinese government will not want people using this any longer.

[layoutph]

I guess if you live in China you would do the same thing. Anyways, I just make a half of my BTC into SHORT position. The chart is so bearish.. I think the price would touch 2600usd, or worse come to worse if the support breaks it will touch 1900usd. Then moon to 8k

Yep, that is right - China does it yet again.  Bitcoin is now banned AGAIN!!!  Quick sell your Bitcoin!!!
https://cointelegraph.com/news/china-will-heavily-crack-down-on-all-bitcoin-trades

How many times is China going try this same trick?  How many times are stupid people going to care and fall for the same story?  

[notyours]

Do not just believe in news without a basis. This may be fictitious so he can earn on traffic. This means that when you click on his link and visit here he earns money. So he's really desperate to make money even if something bad happens. And then whatever you do the bitcoins will not be overtaken by anyone. Because it is decentralized and can not be controlled by anybody

[Kprawn]

Bitcoin ban in China is impossible to happen

 In the end i think China is the loser.

It already happened.  Don't believe me, just ask Bobby Lee.  This is serious shit when they kill the exchanges. That is as close to 'a ban' as you can get.  Just because they havn't removed every node from China territory yet, don't think the ban is not done.  It is done. 

Me for one, I am glad the Chinese are gone.  We didn't need them anyway and they contributed nothing but FUD and problems to bitcoin.  I wish we could find a way to kick them off the Internet too. 

For the first time I want to agree with you on this. They have a monopoly on Bitcoin mining and they misuse that advantage

to feed their greed. I thought some other country would rid us of these greedy miners and now it turns out that their own

government will block them. Double loss for them.... what are they going to do with all the surplus electricity? Who cares? 

[ibuddy122505]

Who cares! without China bitcoin run very well. Sure, China is not greater than Bitcoin community. No one can stop crypto, its decentralized. If that is the case, people just going to find another way to invest their money. Bitcoin will go to the moon again and again.

[ActiveP]

It's not the end of the world. If you'd been around long enough you would have got used to this China stuff. Their exchanges were locked down for months in 2016. The regulators have been breathing down their necks for ages.

[carlisle1]

Who cares! without China bitcoin run very well. Sure, China is not greater than Bitcoin community. No one can stop crypto, its decentralized. If that is the case, people just going to find another way to invest their money. Bitcoin will go to the moon again and again.

with this mentality we will survive even without this Chinese I really don't care about their decision which only prohibits their countrymen to invest
and to earned from crypto though they also getting a lots of income from the mining system as the maker did paid taxes.

[jc89]

Yep, that is right - China does it yet again.  Bitcoin is now banned AGAIN!!!  Quick sell your Bitcoin!!!
https://cointelegraph.com/news/china-will-heavily-crack-down-on-all-bitcoin-trades

How many times is China going try this same trick?  How many times are stupid people going to care and fall for the same story?  

Yeah right. It's China, what should we expect? They will kill btc (in their dreams) multiple times like 2x a month so that they won't lose the spotlight. They just love seeing themselves in the headlines. And I swear this is gonna be the last time that I'll entertain news/threads that has "China" in it. Unless something interesting and worth pondering upon came up, which I'll bet is unlikely.

[miguelmorales85]

mmm Well, I dont know but that banning seems to be not very likely. We all know what we heard and read from China is not always 100% true. Anyways Bitcoin is something unstoppable , it always find a way to pass through restrictions. Chinese people know about VPN and TOR so...

What would be interesting is the banning of Bitcoin mining in China, now THAT would be a game changer for the Bitcoin mining centralization

Time will tell

[Uberse]

Remember that the level of misinformation about Bitcoin even in the West is very high. A few months back Warren Buffet publicly compared the mining of bitcoins to the printing of checks. In a comical and incoherent rambling rant Jamie Dimon called bitcoin a fraud worse than the (so-called) "tulip bubble" and that would be "shut down" -- as if it were a centralized entity, which he clearly thinks that it is. Think of it: the head of JPMorgan imagines that bitcoin mining -- the hashing of data -- is an activity that can itself be banned, by law, in the West! But it is probably also true that no one on the editorial staff of the Wall Street Journal is aware of Bitcoin's ability to immutably register data in a fast and cost-effective way. Imagine then the level of ignorance in the higher echelons of China's communist government! They too think it is inherently fraudulent and so must be "shut down." So, rolling up their sleeves, the comrades begin the straightforward and commonsensical process of sewing farts to moonbeams. The only question now is whether they will also (try to) shut down mining, a process which, like a lot of people in the West, the Chinese probably regard as secret, questionable, and sinister.

This is only temporary. Bitcoin exchanges and mining are just getting started in China.

[MiBambino]

Remember that the level of misinformation about Bitcoin even in the West is very high. A few months back Warren Buffet publicly compared the mining of bitcoins to the printing of checks. In a comical and incoherent rambling rant Jamie Dimon called bitcoin a fraud worse than the (so-called) "tulip bubble" and that would be "shut down" -- as if it were a centralized entity, which he clearly thinks that it is. Think of it: the head of JPMorgan imagines that bitcoin mining -- the hashing of data -- is an activity that can itself be banned, by law, in the West! But it is probably also true that no one on the editorial staff of the Wall Street Journal is aware of Bitcoin's ability to immutably register data in a fast and cost-effective way. Imagine then the level of ignorance in the higher echelons of China's communist government! They too think it is inherently fraudulent and so must be "shut down." So, rolling up their sleeves, the comrades begin the straightforward and commonsensical process of sewing farts to moonbeams. The only question now is whether they will also (try to) shut down mining, a process which, like a lot of people in the West, the Chinese probably regard as secret, questionable, and sinister.

This is only temporary. Bitcoin exchanges and mining are just getting started in China.

Theres a big difference, the JP morgan guys have more to lose than the CHinese government. The governments can tax people, use cryptocurrency to their advantage, whereas JP morgan loses billions once Bitcoin makes banks obsolete.

[Uberse]

Remember that the level of misinformation about Bitcoin even in the West is very high. A few months back Warren Buffet publicly compared the mining of bitcoins to the printing of checks. In a comical and incoherent rambling rant Jamie Dimon called bitcoin a fraud worse than the (so-called) "tulip bubble" and that would be "shut down" -- as if it were a centralized entity, which he clearly thinks that it is. Think of it: the head of JPMorgan imagines that bitcoin mining -- the hashing of data -- is an activity that can itself be banned, by law, in the West! But it is probably also true that no one on the editorial staff of the Wall Street Journal is aware of Bitcoin's ability to immutably register data in a fast and cost-effective way. Imagine then the level of ignorance in the higher echelons of China's communist government! They too think it is inherently fraudulent and so must be "shut down." So, rolling up their sleeves, the comrades begin the straightforward and commonsensical process of sewing farts to moonbeams. The only question now is whether they will also (try to) shut down mining, a process which, like a lot of people in the West, the Chinese probably regard as secret, questionable, and sinister.

This is only temporary. Bitcoin exchanges and mining are just getting started in China.

Theres a big difference, the JP morgan guys have more to lose than the CHinese government. The governments can tax people, use cryptocurrency to their advantage, whereas JP morgan loses billions once Bitcoin makes banks obsolete.

Or at least once Bitcoin forces them to change. The writer and "longshoreman philosopher" Eric Hoffer once wrote that "For the old, change is usually bad news." My guess is the banks will adopt rather than die once they figure out a way to make money from Bitcoin. Probably they will begin by offering crypto-wallet services. 
 

[RamBahadur.Gurung]

Let China trader quit from our crypto world. We dont need them anymore and we dont talk anymore

It is not fair to punish the Chinese Bitcoin users for the policies of their government. The Bitcoin users in China are just ordinary people like you and me. They don't have any intention to hurt the popularity of the crypto-currency.

[AltCreators]

Yep, that is right - China does it yet again.  Bitcoin is now banned AGAIN!!!  Quick sell your Bitcoin!!!
https://cointelegraph.com/news/china-will-heavily-crack-down-on-all-bitcoin-trades

How many times is China going try this same trick?  How many times are stupid people going to care and fall for the same story? 

Stop making people sell.
That is why the price is going down.

[just_Alice]

Sorry, you should not "burn" people to sell their bitcoin just because the news ; China banned bitcoin for real. I don't think it will give us a good effect, because without china bitcoin still run. CMIIW.

I think it was an ironic statement. You can tell from the avatar of RawDog that he rarely speaks seriously. But this time he even put "How many times are stupid people going to care and fall for the same story? " to make it more obvious.

I'm sure many wise people took advantage of the situation and bought more BTC for themselves below $3,500. And I pity people who fell for the story and sold their coins at low price.