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Author Topic: what's the future of bitoin in china ?  (Read 1354 times)
bs9
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September 26, 2017, 07:49:24 AM
 #41

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions
Now many ico project scam and many people lose for that. So china block some ico and try to checked any ico before launched. We heard a news china ban bitcoin and crypto currency sep 30.So we need to wait sep 30 what will be going on crypto currency market.
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September 26, 2017, 08:07:49 AM
 #42

In the end China will still return back to investing in Bitcoin, that's for sure. They are still trying to figure out how to regulate the usage of cryptocurrencies as of now. Time will tell and we will all soon know by then what will be the outcome of the banning of exchanges from their country.

i hope so but if they don't want come back, I think its no problem because we still have many country and many people which still want to using bitcoin for many ways. I think in future, they will regret for banning bitcoin and they will join with us again and like you said, only time will tell and we will see later. while we are hope, lets we see what will happen in the end of this month.

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September 26, 2017, 08:18:04 AM
 #43

Bitcoin will survive in China, that is sure. All this happenings are actualy try to regulate the Bitcoin not to destroy it. I think China is still interested in Bitcoin and they are not so sensless to go into some destroying campaign against Bitcoin. All this will be in their favour at the end but on long term it will not harm Bitcoin either.
yes, china does not banned bitcoin, just banned ico. I think that bitcoin is still allowed. as you say, the ico ban is to make bitcoin better there.

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September 26, 2017, 08:21:02 AM
 #44

Bitcoin will survive in China, that is sure. All this happenings are actualy try to regulate the Bitcoin not to destroy it. I think China is still interested in Bitcoin and they are not so sensless to go into some destroying campaign against Bitcoin. All this will be in their favour at the end but on long term it will not harm Bitcoin either.
yes, china does not banned bitcoin, just banned ico. I think that bitcoin is still allowed. as you say, the ico ban is to make bitcoin better there.

Yes this could be one of the reason beacuse through ICO many would raise the moeby and then it may turn out to be a scam this causing a lot of grievances from all the investors as their money is lost . This to save the money of people I think this step is being taken .
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September 26, 2017, 08:52:50 AM
 #45

Although the Chinese government banned bitcoin, but I'm sure chinese users will never leave bitcoin, they will continue to live with bitcoin and maybe they will not be affected even though their country is banned bitcoin.
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September 26, 2017, 09:09:09 AM
 #46

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions

I honestly expect that the chinese government is simply going to continue the persecution of bitcoin and they may even start targeting individual bitcoin users inside the country. That's just my feelings based on how things are going right now with new bans and stuff.

Though, the more one tries to persecute something, the more attention it will get. Plus, bitcoin can't be shut down like PayPal, because of its decentralized nature.

Bitcoin in China is far from over. It may seem like it is because of chinese government banning exchanges, but chinese bitcoin users will continue to use bitcoin just like they did before, just without exchanges(they can always trade in private).

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September 26, 2017, 09:37:40 AM
 #47

China does not like bitcoin and so it will not survive there. Hopefully the rest of the world will see it differently in the future. The bans on exchanges is only the beginning for China. China is going to stop bitcoin from circulating in their country to the best of their ability. I don't think there will be many Chinese people into bitcoin in the future, sadly.

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September 26, 2017, 09:55:07 AM
 #48

I would like to think that after the dust settles in China
and the authorities tackling ICO's and the Licensing of
the Exchanges takes place there will return the trading
of Bitcoin, but for the moment there is a lot of uncertainty.

In the long run regardless of what happens people in China
will continue to find a way to e involved in Bitcoin.

after all it is decentralised  Grin

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September 26, 2017, 12:40:36 PM
 #49

The future of bitcoin in China is now gone since they are trying to ban all of the exchanges in their country and i think that it is the end of the era of bitcoin in china and users in that country will migrate to other countries that enables bitcoin exchanges and other sort of transaction that is related to china. The future of bitcoin is not only in China because it is depending in almost all the countries and we can make things better even without the help of chinese people.
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September 27, 2017, 04:11:17 PM
 #50

In my opinion, China's government will not be able to prohibit the circulation of crypto currency in its country. Apparently, they themselves have already realized this. It is also believed that these restrictions were taken before the 19th Party Conference of China, which will be held on October 18. In addition, bitcoin has already shown its vitality and could quite manage and yuets of China. Therefore, the future of bitcoin is unequivocally.

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September 27, 2017, 04:28:08 PM
 #51


it seems to me that all these prohibitions are temporary. Soon they will be canceled, because the market is very young and promising, it all begins only because of it there will be a war for the first place among the countries - leaders on the planet. China made this statement most likely for a strategic move. Perhaps they want to create their own crypto currency, the equivalent of USDT, which can significantly affect the further development of events.
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September 27, 2017, 04:34:10 PM
 #52

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions

You do not have to ask this question. Because their bitcoins are illegal it is a major obstacle to their government's thinking. And they have nothing to do with it. Thus would the future of bitcoins is a reproach to them that they should not be made. Because future bitcoins are good for our people who know it. And people in their countries would of course be lonely and angry with their government
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September 27, 2017, 04:50:03 PM
 #53

I think it's impossible to ban crypto entirely in china. There will always be people who can look for other ways. Its sad that this had to happen especially with how big for crypto the chinese market is

 
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September 28, 2017, 02:50:10 PM
 #54

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions

It has no effect on any of us at all, so what is the purpose of the question? This has come up over and over in the past few weeks and there is no purpose to it here, other than creating useless talk and chatter. Bitcoin future is good even without china and In china, bitcoin will return back soon.
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September 29, 2017, 01:52:35 PM
 #55

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions

We don't actually know the future of bitcoin today in china because we lived in the other country but I guess based on the articles and different post here in forum all I can say is that bitcoin will be somehow hard to exchane because we all know that they banned the other exchanger there. And I guess the rate of usage of bitcoin in china will be slowly rising because of the issue.
Nobody can tell the future with hundred percent certainty like you said but I guess, China is going to use bitcoin sooner or later. Chinese government has made this move to check their control over digital assets and the effects on their economy without crypto currencies. Still, it won't destroy the crypto world if China cuts off all links with it.
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September 29, 2017, 02:02:20 PM
 #56

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions

We don't actually know the future of bitcoin today in china because we lived in the other country but I guess based on the articles and different post here in forum all I can say is that bitcoin will be somehow hard to exchane because we all know that they banned the other exchanger there. And I guess the rate of usage of bitcoin in china will be slowly rising because of the issue.
Nobody can tell the future with hundred percent certainty like you said but I guess, China is going to use bitcoin sooner or later. Chinese government has made this move to check their control over digital assets and the effects on their economy without crypto currencies. Still, it won't destroy the crypto world if China cuts off all links with it.

Yeah, China ban bitcoin in the past few years but still they lift their verdict once they know that many wants to be involve on bitcoin market, A government can't control a decentralized coin. Satoshi design this coin to stop the monopoly on the economy of the world. In the future, The marketcap of cryptocurrency will be greater than the fiat.  Grin

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September 29, 2017, 06:08:48 PM
 #57

I think that China will not be able to prohibit long ICO and circulation of crypto currency in their country. In addition, these prohibitions, in my opinion, will not be effective and will not bring the expected results. The Chinese will be able to bypass these prohibitions, and China as a state will lose popularity in the crypto currency market. To the same there is a chance that the new party leadership of China will change the policy of crypto-currency salaries from October.
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September 29, 2017, 06:15:30 PM
 #58

sooner they will realize they can't benefit anything by doing it. cryptocurrency is the future and the flow, they can either be left behind or lead the way. a simple decision made today can be a disaster in the future. else its going to be another race that will take their spot being a huge contributor in the crypto.









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September 29, 2017, 06:23:04 PM
 #59

my opinion, because china has stopped their contribution to bitcoin, of course in china bitcoin will die. and I'm sure sooner or later chinese must be very sorry for having banned bitcoin in their country. because bitcoin progresses and greatly helps the citizens' economy
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September 29, 2017, 11:30:20 PM
 #60

I heard  the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
 SO ,what do you think about Bitcoin' future  in china?
I would like go hear some opinions

We don't actually know the future of bitcoin today in china because we lived in the other country but I guess based on the articles and different post here in forum all I can say is that bitcoin will be somehow hard to exchane because we all know that they banned the other exchanger there. And I guess the rate of usage of bitcoin in china will be slowly rising because of the issue.
Nobody can tell the future with hundred percent certainty like you said but I guess, China is going to use bitcoin sooner or later. Chinese government has made this move to check their control over digital assets and the effects on their economy without crypto currencies. Still, it won't destroy the crypto world if China cuts off all links with it.

Yeah, China ban bitcoin in the past few years but still they lift their verdict once they know that many wants to be involve on bitcoin market, A government can't control a decentralized coin. Satoshi design this coin to stop the monopoly on the economy of the world. In the future, The marketcap of cryptocurrency will be greater than the fiat.  Grin
As we already know that they had banned bitcoin is past and then allow it and this will happen again Chinese cannot bear the lag in the development bitcoin has proved that it can survive without china and now Chinese are thinking to join again because they can just ban such a profitable coin and their citizens are also opposing their decisions and asking to remove the ban.
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