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Question: is there any hope for Chinese bitcoiners? e.g. Jihan Cheesy
Yes - 27 (48.2%)
No - 9 (16.1%)
Both - 4 (7.1%)
Not sure - 16 (28.6%)
Total Voters: 56

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Author Topic: Why China is always bad news for bitcoin?  (Read 754 times)
cybersofts (OP)
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March 26, 2018, 04:09:05 PM
Last edit: March 26, 2018, 04:27:21 PM by cybersofts
 #161

The Chinese government always wanted to control things in their own way, yet the bitcoin is fully decentralized and highly secured. The bitcoin was invented as a peer-to-peer digital currency backed with strong encryption. The bitcoin is a revolution that is changing the world by providing privacy and freedom to the people which is what people want everywhere across the world. I think the Chinese government sees there is no way to control bitcoin that is why they decided to ban it.
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vendy86
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March 26, 2018, 04:23:05 PM
 #162

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks Smiley

i also still confuse about china giverment decision.
it is start from mid of 2017 when BTC reach 5k USD,china begin to try kill cryptocurrency.are they so scared with blockchain technology ? or they scared Cryptos will replace their CNY ?

snekinmyleg
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March 26, 2018, 04:28:15 PM
 #163

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks Smiley
I hate Chinese, sometimes they make false information to force the bitcoin prices down and of course they will buy bitcoin when the bitcoin price is low.
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March 26, 2018, 04:32:58 PM
 #164

Why are you so focused on China anyway? They are not the only big country involved in Bitcoin and the role of China is not so important like people would like to think. And don't forget that not all news that come from China are true so don't exaggerate the consequences that might happen.

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March 26, 2018, 04:36:07 PM
 #165

China has a long history of controlling the internet.  They definitely would not going to leave something so decentralized and distributed unmonitored.
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