October - China back in the game ?

[wantjokull]

New rumours surfacing about the return of China with regulations in October


https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/

That could revolutionaries the way ICO world but I barely think that china will be launching the ICO again. Need to understand how they will really implement the idea behind this. I mean will people really trust the he Chinese government after having such big backlog of the investment. Big investors and exchangers lost their investment and merchandise profits, they will shake before investing again. It's gonna take while to return to china back in action. May be rest of the world will be happy about it as they will get the profits from the good news price pump!

[Direwolve735]

I think China will be back in the game in October. Chineese leadership has enough time to develop rules of using crypto currency. Chinese leaders worry about currency that is not under their own administrative control. China often banned the world's main technology, but in many cases, these were temporary bans on products and services, because the government understood their advantages. A similar solution will be for bitcoin - China can restore the legal status of crypto currency after the development of nessesary rules.

[disam]

China was never really out of the game. As they went for the ban, non of the chinese miners was willing to sell their equipment. When I realised that I knew that all about ban was just a play to get more cheap BTC. Biggest chinese projects ( exchanges, alts, mining ) are all partially state owned, so there is no logic to destroy a part of state owned economy.

[ask]

China never announced that they ban bitcoin. From begining to today they are all saying same thing " regulating".
They don't want money laundry and black markets inside of china thats the all point.
They just said that stay inside of our laws our close until october. Now it seems exchanges are following the laws in China.

[Vaflia]

New rumors. China has never said they will ban the bitcoin, it is exactly the same, there have been rumors that raised the panic.

[Hafas Rama]

New rumours surfacing about the return of China with regulations in October

https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/

If that's true china come back later.
Hopefully they do not provide very complicated rules for Chinese investors.
So bitcoin is still used by Chinese investors and bitcoin users keep a lot.

[Herdirfauzi]

according to the statements and links you provide, very helpful to add my insight .. and the good news hopefully china will come back later, and revoke his ban on Bitcoin .. 

[Herdirfauzi]

I really hope China will return! it sad for all the people there who are making a living out of this. also they have the biggest mining firms, they just have to return onto the scene!

yes too, i also hope china will come back as well as the biggest mining company will come back and specially those chinese who are earning a living in bitcoin can get back on their livelihood .. hopefully and hopefully china will come back ..

[vvadym]

I think within a few months China would come back in the game. Cryptoworld is in trend today. China could not to stay aside.

[Herdirfauzi]

If this is true. BTC will price will move forward.

before this news will happen, bitcoin is now starting to move forward .. hopefully with china back, bitcoin price will progressively move forward

[trecore4]

The news about China's return with their crypto-currencies regulation must be were the reasons why the price for bitcoin go up again. I wasn't doubt that all what was happening in China during September was just regulation, so now we are going to see something concrete about that. People now may calm down and expect the same move from another big country.

Yeah there are chances of this happening. The china news is the only reason why it has has started moving back upwards. Once this become more official people will invest freely into the market and we will see flood of increase demand price. I'm very excited about this month and the month about to come with price tag of $6000 per bitcoin. Yes that's possible because china will invest as well as rest of the world in the want of profits. Just love the way everything work so here, it's simple and sober investment, not much chaos if you control your emotions and it could be even better when due to China come back the prices are gonna pump.

[TrumpD]

This may explain the bump in bitcoin value. However, I get the feeling that someone or a group in China is taking the piss and manipulating the market for financial gain, yeah, I know it sounds far fetched.

[wayaneka]

Without China crypto world will continue grow and many crypto world community still continue to create new ideas in blockchain space. Although China ban exchange but as we see Bitcoin price is still high. I think China will back again because they dont want to leave Blockchain technology that made many investor in China get rich.
 And if China is back, Bitcoin price and other coin is definitely rising.

[kamikadze69]

in fact I've also suspected this since they implemented regulations that prohibit ICO activities. because I often hear the news that the Chinese government has never made any permanent regulation, so it's only to stabilize the less conducive ICO atmosphere because of the large number of Scams.

[aaroc90]

This will be really interesting to find out what their actual regulations are. Also we shouldn't just assume that these regulations will the general rule for other countries too, China are notoriously closed and controlling, their new regulations might be severely restricting compared with future regulations in different countries

[diguyo]

Speculation, but massive for sure. If it were to happen you'll see bitcoin jump up quite nicely. Just have to wait and see.

[coingrow]

So as most of the people who has been long in this game been saying this from a long time, China and JP Morgan were only creating FUD so that the prices would drop and they are able to buy from all the weak hands. Guys we are in a multi year bull run on bitcoin, I would not withdraw any of mine before 2020.

[cynical]

i have just read on this board https://bitcointalk.org/index.php?topic=2224072.0 that europe already has regulation in place for bitcoin so the sooner china get some regulation in place the better and we can move forward without all this speculation which is effecting the crypto scene

[Bytem3]

Everything going back to normal. BTC up, NEO heading back towards $50! Gonna be a good end of the year IMO!

[Herdirfauzi]

Without China crypto world will continue grow and many crypto world community still continue to create new ideas in blockchain space. Although China ban exchange but as we see Bitcoin price is still high. I think China will back again because they dont want to leave Blockchain technology that made many investor in China get rich.
 And if China is back, Bitcoin price and other coin is definitely rising.

yes, day after day many projects are coming with ideas and excellence respectively .. hopefully china will return as you say and of course me too. and hopefully the price of bitcoin and other coins will move up continuously ..