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Author Topic: government and bitcoins banning  (Read 2958 times)
bitcoinvamp (OP)
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September 21, 2017, 03:30:46 PM
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already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
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September 21, 2017, 03:33:42 PM
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sure. doesn't really matter, don't worry too much about things you can't predict and control.
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September 21, 2017, 03:41:38 PM
 #3

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
Yes, is there any chances that other countries will banned it. But don't panic its not destroyed when one country that banned bitcoin there's one country also legalize bitcoin.china have a great impact on bitcoin and when the china banned bitcoin the value of bitcoin will fall fown instant. But we need only patience because i'll believe that they allowed it again and other country will also legalize the bitcoin
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September 21, 2017, 03:48:49 PM
 #4

Yes, every government has the power to ban bitcoin in their country. But you should not be concerned about it because I believe that in the future bitcoin will be legalize on all the country in the world due to its benefits that can help the people.

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September 21, 2017, 03:50:30 PM
 #5

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

The only way to ban bitcoin is to ban the Internet in the entire country (north Korea style).
Even in this case, you will just limit the number of people accessing it because they can move to another country (South Korea, Japan...) and buy bitcoin or even in Hong-Kong and Taiwan. Even dark market could be an alternative
For trading you need an exchanges that accepts Tor or vpn.

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lucifochrome
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September 21, 2017, 04:04:03 PM
 #6

You worried mate? Dont be. Although china banned bitcoin, it is not the end of it. We felt it somehow as the price went down but after a week it bounced back. Sure, there are countries that may ban bitcoin still there are other countries that legalized it. Bitcoin is global unless it is going to be banned globally there is nothing to be afraid of.
Let us site an example, if you live in china and you have thousands of bitcoin then an order was issued to ban it, will you sell right away or still hold? If you'll ask me i will still hold, if you put it this way, i have thousands of bitcoin still i have internet, i can check the price and news about bitcoin then if the price is high that is the time that i will sell but then bitcoin is banned in the country. I will simply fly out to the other country for example japan which legalized bitcoin. Have my bitcoin cashed out on that country then make a bank transfer, fly back to my country and then withdraw the money from the bank. It is that simple although the process is a hassle but if you really think about it there are ways in which you can earn more profit than just selling because you got scared of losing.
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September 21, 2017, 04:15:08 PM
Last edit: September 23, 2017, 09:55:48 AM by iram1011
 #7

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
When did China ban Bitcoin?? Wasn't it just exchange ban??



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September 21, 2017, 04:22:26 PM
 #8

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
Yes, they did it recently because they think bitcoin is a huge threat to them, and some country will do it the same, just don't mind them, people on that country will still using bitcoin IMO they just find ways.
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September 21, 2017, 04:31:19 PM
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i think there are lots of untruths circulating around regarding china, bitcoin and exchanges. I was of the knowledge that china issued a temporary ban on exchanges and now they will have to apply a license to operate. so i would imagine a bitcoin ban would be related to the exchanges. why would china ban bitcoin when we see the likes of japan and australia and south-korea moving positively for bitcoin? so much panic at the moment

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September 21, 2017, 04:32:35 PM
 #10

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
When did China ban Bitcoin?? Wan't it just exchange ban??

in the FUD they banned bitcoin, and those who are shorting bitcoin are pushing for the fake news today again.
in reality they have just closed exchanges (not banned) and banned ICOs (which has nothing to do with bitcoin since nobody even buys into ICO with bitcoin) and they also never talked about banning bitcoin so far.

There is a FOMO brewing...
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September 21, 2017, 04:39:13 PM
 #11

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh



China has banned the circulation of bitcoin in their country. china has blocked all the network concerned with bitcoin. I dont know other countries will follow the steps of china. but I dont think it's as easy as giving a ban. it is always through state processes and mechanisms.
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September 21, 2017, 04:42:52 PM
 #12

i suspect european union will ban it sooner or later

somehow they ban it not because the real benefit or real threat, it is just something outside of their control makes them feel insecure
they will ban it and relaunch again

pretty sure this is china's way

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September 21, 2017, 04:47:16 PM
 #13

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh


there is always a possibility. but I dont really know about it. everything can be controlled even though china is not involved in bitcoin. I think not all countries ban bitcoin, there are other countries that see bitcoin as a beneficial figure. like jepan one of the countries involved both with bitcoin.
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September 21, 2017, 04:50:26 PM
 #14

Definite possibility, Bitcoin obvious potential to be very disruptive to the mainstream economy provides ample motivation.
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September 21, 2017, 04:51:16 PM
 #15

that is the bloody and dirty game of banking system and lobies. it will be a hard war between banking industry and btc and eventually our crypto world will win. no need to worry about it.

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September 21, 2017, 04:51:57 PM
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may be. but we will never know what happens in the future or tomorrow. china events make our eyes open, china is only a small part of bitcoin. but the bitcoin remains to this day.
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September 21, 2017, 05:02:58 PM
 #17



the success of bitcoin can not be underestimated. see what happened yesterday, china mess banned. but look now, the bitcoin rises again. proved china is only a small part of bitcoin. and for other countries that will follow the steps of china, I think they will think it over. I dont think it would be hasty to take the decision to ban.

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September 21, 2017, 05:25:33 PM
 #18

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. If you guys are afraid that bitcoin will die because China banned it, don't be bother by this. Bitcoin could exist without this Chinese Government, there is some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live.
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September 21, 2017, 05:29:59 PM
 #19

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

"The lesson from the internet is, anything that China bans, invest in it"

Fred Willson, 2014

Have no fear, down today, up tomorrow, don't forget to by the dip.

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September 21, 2017, 05:37:10 PM
Last edit: September 21, 2017, 05:49:35 PM by iram1011
 #20

already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
When did China ban Bitcoin?? Wan't it just exchange ban??

in the FUD they banned bitcoin, and those who are shorting bitcoin are pushing for the fake news today again.
in reality they have just closed exchanges (not banned) and banned ICOs (which has nothing to do with bitcoin since nobody even buys into ICO with bitcoin) and they also never talked about banning bitcoin so far.
Damn! Then why so many people are sad for nothing? LOL!

Atleast people should check the source before making claims. Enough of these rumors. People keep on propagating false news and ultimately who enjoys profit is bulk holders.

When it comes to China, government has only closed exchanges. But soon they'll be launching their own cryptocurrency through which people can easily buy Bitcoin. But all the funds coming and going from bank would be under government scrutiny through their cryptocurrency. This is what they wanted to achieve. They never wanted to ban Bitcoin.
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