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

[gabmen]

Well, the true is that bitcoin hold it and it's going up again, and even with all those announcements, the so called china's ethereum hold it good 2 and growing.
I think that we can look at this as a indicator that you just need to move the action to a country that accepts it (japan in this case and singapura for what i've saw is gaining terrain also) and everything will be fine.
It's that panic sell off that makes everything goes wrong.

And again...it's China, they do this with everything, and probably in a few weeks they will announce that they accept it again in they're conditions, exchange house under gov rules etc...one thing they love it to shake economies.

Correct. They seem to be trying to manipulate things in their turf though i don't think it's going to have the same effect now as the first time we've heard of the announcement. It's waning now and btc is again looking good streaking past 4k again

[1713928203]

1713928203

[1713928203]

1713928203

[centralbanksequalsbombs]

Hahahahaha.

So funny!

China and ANY governments do not matter to Bitcoin anymore! Hahahahaha.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled.

On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

[RawDog]

Well, the true is that bitcoin hold it and it's going up again,

Have a nice weekend.  But I know some Chinese government people and I have inside knowledge.  Don't be surprised if you lose a shit ton of money on Monday or Tuesday next week.  China is going to make the ban more detailed and more formal.  Bitcoin price will fall big again early next week.  Mark my words. 

[BitcoinsGreat]

And we are still unaffected. Thanks for trying to manipulate everyone here, but it has had zero affect. You can try to show people fear and it will result in nothing good for you. Keep trying, we are stronger than your weak spine and we will hold harder and faster than you can ever see.

[subSTRATA]

really ? you think how many times china banned bitcoin in the past ? why people keep fall with same trap 

just let them to what they fear of
they dont know the history, they dont take a time to read what happens before in bitcoin. that is why they are all scared about the price fall of bitcoin.

I don’t even know why anyone should be worried about China banning bitcoin. It’s just a one country out of many, so we can still achieve a lot without them. I don’t need to say it twice, cause you’re already seeing the return of the bitcoin price to a high value.

one country or not, they hold an immense amount of geopolitical and financial influence. you know why sanctions on china don't work too well? because in the end, you need to buy goods from china anyways. they hold an almost critical role in exporting a great deal of the world's manufactured goods, and that can't simply be ignored. weather you like it or not, they have pretty good global influence, and may be able to influence countries dependent on trade with china to follow suit in policies on bitcoin and cryptocurrencies. that being said, although china and their choices can't be ignored outright, i have full faith bitcoin can do fine without china. it's decentralized after all, and the rest of the world should be able to pull through whatever china decides to do as far as bitcoin and cryptocurrencies goes.

[daenarys_stormborn]

let china want to ban ico as much as anything and as often as anything, bitcoin will keep growing even though there is no china, the proof is now bitcoin up l...