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

[MiddleFingerToTheMan]

This comes to mind now:

Nassim Taleb: "For bitcoin to make it, it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade."

Literally exactly this is happening

[Xester]

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? 

So what is next, there would be another story that they will ban bitcoin for real?  Just let China ban bitcoin who cares.  Bitcoin has been here for almost close to decade right now.  Many people are into bitcoins.  It would actually be a good news for those who want to buy bitcoins.  Now is the time.  If they ban bitcoin many countries like Japan continue to use bitcoin for good.

[FrueGreads]

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? 

Well if their plan is to try to get the price lower, so that they can buy cheap bitcoins themselves then it's not going to work again, because like they said, the price already reacted to those news, and most of the users went searching for a solution in Japan. I really don't think that's what they are trying to do now. First I don't think they will try to ban BTC or mining, since there are some news about that as well, where they seem to be considering to make mining illegal, which I think it's just FUD. I think they are just trying to gain some time to regulate crytpo, and at the same time, doing all they can to keep the BTC of their citizens in China.

The rest of the world is slowly accepting BTC, so they have to do the same, otherwise they will just lose the advantage they already have on BTC, and they will lose money if they do that.

[S A KHAIR]

Already I have lost all my money for such a stupidity. It does not matter if China Bans all Crypto with exchange.
There are thousand of Investors and users who lives on other countries. Hope BTC will Overcome this slimy Issues very soon.

[RamBahadur.Gurung]

Already I have lost all my money for such a stupidity. It does not matter if China Bans all Crypto with exchange.
There are thousand of Investors and users who lives on other countries. Hope BTC will Overcome this slimy Issues very soon.

Who told you to sell your coins? Now you can't blame Bitcoin for your losses. First of all, invest in a high risk asset such as Bitcoin only if you are capable of absorbing the losses. And secondly, panic selling is not a solution for non-stop FUD.

[3x2]

The recent surge in bitcoin shows that we can move without china also, even ukraine has legalized crypto and i guess next will be  Japan. This is just beginning man..wait and watch.

[bamboylee]

Price did not move that much, does this mean this news ain't that effective anymore? Anyway, if the price goes down again because of this, it opens opportunity to buy cheaper bitcoin.

[Roboabhishek]

Well, let China ban everything 100 times, but they will continue using bitcoin by some other means. Meanwhile Japan is now overtaking and getting into this market fast, so who cares about what China bans and don't ban. Bitcoin is more than a country. They might have a huge contribution to this market, but if they go, there will be other markets ready to make use of bitcoin

You made a great point there and i am totally agreed with you.
Everyone focusing china because they have a huge share in the market but we forget bitcoin is much more than a single country and it's very hard to control the price of bitcoin No matter it's china or any other country.

[Idrisu]

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? 

what Chinese government should do is to create a legal framework in other to regulate bitcoin and others cryptocurrency within their country. Based on my understanding of bitcoin, the system is decentralized that is a country or countries cannot banned bitcoin! They can only create a system to regulate it use and acceptability within China.

[Chairul Muttaqin]

china could not do same trick for bitcoin users, every thing about banning bitcoin from China will not give significant impact for bitcoin price. i just see the price of bitcoin on blockchain (where i saving my balance) that the current price more than $3950 it means china 's treat for bitcoin is non sense anymore.

[smajler]

I read somwhere that in China they banned trading.
This recipe comes into life 30 september.

[ajqjjj]

I read somwhere that in China they banned trading.
This recipe comes into life 30 september.

Yes I too read somewhere that in China they banned trading of  bitcoin and China bans bitcoin yet again and this time for real and this one is fact are not.

[MiBambino]

All the chinese government wants is control. They want to be able to tax and track every single transaction, and if they can't do it, they'll try to completely get rid of it. Let them try, they might succeed but they'll lose a shitton of money when chinese investors take their money to other countries

[JamesBolivar]

Who gives a fuck about China? They may be big right now, but once the mainstream of the investor class jumps on the train it will become irrelevant.

If Bitcoin survives until 2020 no regulation will ever be able to stop it.

And in the meantime any regulation would simply make life a bit more difficult for the enthusiasts, and that's the worst case scenario.

It's too easy to trade cryptos entirely under the radar for anybody who is willing to invest some time into research... so there really is no stopping strong hands.

[pixie85]

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? 

Cointelegraph has idiots working for them. They keep repeating this bullshit that this bankster had something to do with the last correction. Yea, right. Some guy whose bank stands behind everything that Bitcoin is against said he thinks Bitcoin won't survive. WOW! And I say your bank won't survive, we'll see in 10 years.

[MiBambino]

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? 

Cointelegraph has idiots working for them. They keep repeating this bullshit that this bankster had something to do with the last correction. Yea, right. Some guy whose bank stands behind everything that Bitcoin is against said he thinks Bitcoin won't survive. WOW! And I say your bank won't survive, we'll see in 10 years.

The blockchain was created largely to get rid of banks, so it's obvious they're not so happy with its currency marketcap reaching way into the 100 billions in less than 10 years. I love how afraid and desperate they are

[HalfDeck]

All the chinese government wants is control. They want to be able to tax and track every single transaction, and if they can't do it, they'll try to completely get rid of it. Let them try, they might succeed but they'll lose a shitton of money when chinese investors take their money to other countries

Simple you can understand this mean as: " If I can not make money from this field, I will destroy it and nobody can receive profit from it ". This is the nature of the Chinese government.

[pucunghul]

Well, let China ban everything 100 times, but they will continue using bitcoin by some other means. Meanwhile Japan is now overtaking and getting into this market fast, so who cares about what China bans and don't ban. Bitcoin is more than a country. They might have a huge contribution to this market, but if they go, there will be other markets ready to make use of bitcoin

really, I agree with what you say, very reasonable from the post above. china is no longer a scourge for bitcoin. if it really happens, get out of bitcoin. it's better than just being a pest to bitcoin.

[MiBambino]

All the chinese government wants is control. They want to be able to tax and track every single transaction, and if they can't do it, they'll try to completely get rid of it. Let them try, they might succeed but they'll lose a shitton of money when chinese investors take their money to other countries

Simple you can understand this mean as: " If I can not make money from this field, I will destroy it and nobody can receive profit from it ". This is the nature of the Chinese government.

And the nature of the chinese government is also 'if we can't beat them, we join them'. They'll come around as soon as they figure out how to regulate everything.

[natka]

All the chinese government wants is control. They want to be able to tax and track every single transaction, and if they can't do it, they'll try to completely get rid of it. Let them try, they might succeed but they'll lose a shitton of money when chinese investors take their money to other countries

Simple you can understand this mean as: " If I can not make money from this field, I will destroy it and nobody can receive profit from it ". This is the nature of the Chinese government.

And the nature of the chinese government is also 'if we can't beat them, we join them'. They'll come around as soon as they figure out how to regulate everything.

The fact is that to date we can be sure that the Chinese problem can and consider itself very quickly and all the Chinese functions can take Japan. Thus, in the near future we can get rid of the problems, and even more so today Bitcoin starts more or less stable growth.