China playing a game :D

[endaiin]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

[npredtorch]

There will be no "good" in terms of regulating cryptocurrency/bitcoin. It just threaten the original purpose of being a decentralized coins.
Well, I can see the reason of the government if they want to regulate crypto. I understand the situation that it currently have a large market value that they can milk with.

[rebel92]

its a bit strange how non chinese talk about China gov. BAN cryptos and etc.. when USA's gov did the same thing with ICO in the freedomland.. the truth is both of them want to rule the world and will be against decentralization... no matter what they are saying.

[valentin68]

It is a possibility that bitcoin price will go to the moon. I guess it will go towards 20000-50000 in 1-3 years. China is the main producer of bitcoin and knows what is doing to protect its people and their wealth. If I were Chinese and the biggest producer of bitcoin I would the same. Of course I would want to have all the bitcoin that I produce for me and appreciate its value.  

[Herbert2020]

i don't see any ban for any cryptocurrency in China! people are still using cryptocurrencies. they are investing in them, they are mining them and holding and spending bitcoin! the localbitcoins volume from China is once again starting to grow.
and on top of it all the government of China has said that OTC trading of bitcoin is allowed for anyone who wants to do it.

the game is just a market manipulation by whales and they are using China just because nobody is able to verify it or better said everyone is too lazy to verify the lies. even Chinese themselves are saying "all you hear is FUD"

[squatter]

There will be no "good" in terms of regulating cryptocurrency/bitcoin. It just threaten the original purpose of being a decentralized coins.

I can sympathize with that, but there's no way around it. Bitcoin can't go to the moon and not attract the attention of governments and regulators. And we can't stop it from going to the moon. That's just a matter of supply and demand.

The more authoritarian governments definitely see cryptocurrency as a threat to their authority with regard to monetary policy. And in general, all governments are going to want a piece of the tax revenue generated by all the investment. They might even start to hedge their assets with crypto someday.

[christsstrong]

There will be no "good" in terms of regulating cryptocurrency/bitcoin. It just threaten the original purpose of being a decentralized coins.
Well, I can see the reason of the government if they want to regulate crypto. I understand the situation that it currently have a large market value that they can milk with.

Everything should not be under governments control. Some country's government already has access to people's personal life. Cryptocurrency should not fall for that.

[endaiin]

only one thing can stop cryptocurrency, that if internet is shutdown.
Why people love bitcoin? why we do? Why we have bitcointalk account? why we spend time and investing on bitcoin?

[Nawaytes]

Yeah, don't panic with the news from China. Although China no longer uses bitcoin, other countries still use it. And do you know ? I think it's better if China really blocked it

[Barcode_]

It is only a matter of time before bitcoin price start rising once the Chinese government allow the bitcoin exchanges to start operating again with new rules and regulations set by them, at the moment, the best option is to hold all bitcoins and altcoins in your cold wallet.

[maokoto]

There is something that boggles me a bit...

None has chinese crypto friends who can inform about the truth? There are no chinese users of this forum who can tell?

Lack of confirmation of whether this is true or not is very very strange.

[Adykingcity]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

But for now they are really banned cryptocurrency, but nobody knows what their reasons for forbid whether for political purposes or personal plans

[robelneo]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

I hope they are only playing a game but I believe it's unlikely based on what I've read they just want to protect their people from scam ico, that is why they are regulating it, this news hampered the growth of bitcoin and we are in limbo because the price is going up and down.

[Juggy777]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

I don't understand why are we even bothered to look what China can do or won't do. China market share is less than 10% and even that will disappear and move to Hong Kong and Japan. It's about time that this was to happen. I feel China won't be able to influence the market anymore, and it's like of Japan and Russia that will lead the prices up and running. Time to move on from China.

[~Money~]

they banned crypto cuz they want to buy in bulk in cheap..crypto will be unbanned wen there bags will be full of cheap btc   that time btc will be on mars

[bassong]

Chinese users are only a fraction of bitcoin users, are they important? Yes, but the community can survive without China. Last time I checked they control less than twelve percent of bitcoins traded.

[Cicada1033]

It's really really hard to predict what china will do. Maybe they think they have the power to shut down crypto in this still early stage to maintain their power over their people. They know that crypto can't be stopped and for that way they have to make the best out of it. Regulate it as much and good as possible. And of course they would try to have leading role if they can't stop it.

In my opinion we will find out which path China is taking before 2017 ends.

[carlisle1]

Chinese users are only a fraction of bitcoin users, are they important? Yes, but the community can survive without China. Last time I checked they control less than twelve percent of bitcoins traded.

they still have an impact to make some shake because there are many people still new to this industry, so every moment that they do some action those newcomers and weak holders are reacting thinking that the value is controlled by china not thinking that whales are also just around and waiting for them
to sell their cheap coins.

[hridoyb]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

I am agree with you. when bitcoin price down they try to buy huge amount and hold .you can see  bitcoin price 3000$ for last week.and many people afraid and sell there bitcoin.china play a game for bitcoin and hope after few month or week bitcoin again pump

[AngelDeveloper]

It is a possibility that bitcoin price will go to the moon. I guess it will go towards 20000-50000 in 1-3 years. China is the main producer of bitcoin and knows what is doing to protect its people and their wealth. If I were Chinese and the biggest producer of bitcoin I would the same. Of course I would want to have all the bitcoin that I produce for me and appreciate its value.  

It's rumored that they are planning to ban mining...which would be a total clusterfuck in the crypto world if they do that. The previous bans would be nothing compared to the effects a mining ban would have...