What if China ban was temporary

[razzbee]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

[TrueAnon]

Not really news, it's pretty much what everyone has been thinking so far. They only want to be sure to stay in control and thus they wanted to regulate it first.

[Merovius]

Yes, I have been thinking that the ban may be temporary also. It is possible that China will keep the ban on ICOs (or at least the questionable/fraudulent ones) but gradually allow exchangers to begin operations again after setting uniform rules and regulations. It does not make much sense for China to want to ban bitcoin completely, especially not if they can find a way to benefit from it financially, perhaps through taxes/fees or by simply trading the cryptocurrencies themselves and playing the market.

[w5pn73]

Doesn't really matter if China  keeps the ban on ico's. As long as they'll leave Bitcoin alone 

[thebanker28]

According to a post by Forbes, The Chinese ban might be temporal because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

It is pretty likely that China will regulate ICO's and crypto exchanges in general, China has a reputation for liking to control things - think of the great firewall of China. Once there is some rules and regulation to follow in China, it is probable that it will be business as usual again. This could actually be a good thing in total for Bitcoin and other crypto currencies as well.

[Youghoor]

Nobody knows what was the real porpuse of China, i only know that they dropped the price a lot, but we are recovering from that dump, it would be a slowly proccess but we are already on 4,4k, we have to reach 4,9 and we would be there. anyway, i dont understand the real purpose of all of this mess, maybe it is because they wanted to lower the prices in order to buy more, but nobody knows it.

[Voice-Of-Reason]

Could be, but obviously pure speculation...

I guess they would have an expensive return to the bitcoin market ;P

[boyptc]

According to a post by Forbes, The Chinese ban might be temporal because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

It won't be lifted today, wait for it up to 15 days and we'll know if that ban is really temporary. We can't get a fact news on what's really happening on China as the twitter accounts of the well known big bitcoin personalities on China are where everyone is getting the source of it. I know that China will not leave bitcoin alone or let their citizens migrate to other countries just to keep their business alive.

[razzbee]

Actually, this isn't the first time Beijing is going after innovations that threaten that. Back in 2011, a few months before the 18th Communist Party Convention, the party leadership at that time went after a controversial Chinese corporate structure, Variable Interest Entity (VIE). This structure had allowed Chinese companies to list their shares on US exchanges through “reverse mergers”—a strategy that drew the scrutiny of US regulators, due to a string of accounting irregularities among these companies.

Soon after, Chinese Internet stocks crashed. But judging from the performance of Internet leaders like Tencent, Baidu, Alibaba, and scores of smaller Chinese Internet companies in the last five years, the crash was temporary, as new regulations put in place faded away or were circumvented.

Well Let's stay calm to see what happens next

[blockman]

Could be, but obviously pure speculation...

I guess they would have an expensive return to the bitcoin market ;P

I doubt it that they will just leave the game of money making on this stage easily. And that's possible to happen when they return that would be the time that it will be an expensive return for them. We will be able to see on how the price of bitcoin will be increasing quickly again or this will be the time that we will see them making a comeback that can pull the investors back to bitcoin and will be able to reach and see a 5 digit -coin.

[Hazir]

Not really news, it's pretty much what everyone has been thinking so far. They only want to be sure to stay in control and thus they wanted to regulate it first.

Pretty much this ^.

China never wanted to ban cryptocurrency - they know that this tech is a really valuable and might be our future.
The main problem here is that Chinese government wants to control it and bend bitcoin to their will - and it is kinda hard to do ATM.
So they figured it out - until there will be a suitable plan to 'legalize' BTC they will restrict its usage. Many experts already said it will be only a temp ban.

[HabBear]

Sure, it might be temporary. Only time will tell. The great thing is that Bitcoin doesn't need China or any single country's backing to survive. To the contrary, as long as internet is available Bitcoin and cryptocurrency will be available.

So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

The only way to be prepared for the news that China's ban on exchanges and restrictive legislation to other things has been lifted is to load up on Bitcoin now OR prepare to open an exchange upon a lift of the ban.

China didn't ban the use of Bitcoin. They only banned the operation of exchanges and the ability for people in China to use their currency to buy or sell bitcoin with/for fiat using an exchange located in China. Their regulation doesn't preclude someone from China wiring money to an exchange located out side of China or to exchange bitcoin from wallet to wallet via the blockchain.

Of course, the media makes it sound more dire, but the media is probably the least informed party in this discussion.

[krigger]

The spelling is not "temporal". I am pretty sure what you meant to say is "temporary".

[razzbee]

The spelling is not "temporal". I am pretty sure what you meant to say is "temporary".

Thank You, I will correct it

[Powerman001]

I had expected it would be like that, because in the earlier days China was one of the country's big bitcoin holders.

[dylanc]

They're probably working towards ways to better regulate it and setting up the required facilities to oversee it. So yes, I think it's probably a temporary thing.

[LenyaPoker]

I think what ban is temporary too!

[Zenithar]

Nobody knows what was the real porpuse of China, i only know that they dropped the price a lot, but we are recovering from that dump, it would be a slowly proccess but we are already on 4,4k, we have to reach 4,9 and we would be there. anyway, i dont understand the real purpose of all of this mess, maybe it is because they wanted to lower the prices in order to buy more, but nobody knows it.

i think China in 2013 also banned bitcoin, but it was for 2 to 3 months and after that they again released the ban from bitcoin, therefore i can expect that it will again be a temporal ban and hope that very soon they will release the ban from bitcoin. Although no one know the real reason behind the banning bitcoin by China be still we can expect that they will very soon release the bane from bitcoin.

[1Referee]

I had expected it would be like that, because in the earlier days China was one of the country's big bitcoin holders.

China was indeed a big player, and till some extent they still are, but a whole lot of people have been trolled into thinking that they were far bigger than was the case in reality. Their fake trading volumes were a perfect example of that - I am quite sure that the majority of the flash traders squeezing out the market there weren't even Chinese at all. They just made use of the opportunities the top exchanges were offering with their zero fee trading, till the PBOC stepped in and ended everything. Volumes dropped from millions in traded coins per day, and that per exchange, to now a few thousand traded coins per day - that's what I consider to be a shocking difference. No workable climate for flash traders, no volume, it's that simple.

[eaLiTy]

Even if the ban is temporary or it,China does not have a major say in the bitcoin market at the moment,the price is recovering really well after all the rumors being spread regarding the ban of ICO and exchanges and the panic selling from novice users and if China's ban was temporary it would be great for the Chinese market and nothing else.

[btcdevil]

I had expected it would be like that, because in the earlier days China was one of the country's big bitcoin holders.

China was indeed a big player, and till some extent they still are, but a whole lot of people have been trolled into thinking that they were far bigger than was the case in reality. Their fake trading volumes were a perfect example of that - I am quite sure that the majority of the flash traders squeezing out the market there weren't even Chinese at all. They just made use of the opportunities the top exchanges were offering with their zero fee trading, till the PBOC stepped in and ended everything. Volumes dropped from millions in traded coins per day, and that per exchange, to now a few thousand traded coins per day - that's what I consider to be a shocking difference. No workable climate for flash traders, no volume, it's that simple.

That is why to regulate it china had stopped the exchanges to operate for some days and after fully regulating it they will start back. Banning ICO was good step as lot of ICO are just scam and users who are investing are getting scammed and crypto currency is getting bad name.

[hiddenmist]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

I don't care whether they ban it or not. Bitcoin will stay with or without them. I believe that China knows that it's their loss if they ban bitcoin permanently.

[Oroplata]

If the ban is temporary, we will see a new regulated ICO and exchanges. The ICO entrepreneurs will try to get ahead of each other to present their project to the local market. There will be a huge demand of bitcoin in China's market.

[razzbee]

If the ban is temporary, we will see a new regulated ICO and exchanges. The ICO entrepreneurs will try to get ahead of each other to present their project to the local market. There will be a huge demand of bitcoin in China's market.

Very True, I have a strong feeling china will soon regulate ICO and crypto in general ..

[harbin55]

For me this is the strategy of china to control the bitcoin usage in their country we know that china is one of powerful country because there is money involved on it

[Chanock]

That is a good news if china is temporarily ban bitcoin. Since china is one of the big contributor of bitcoin movement in the market it is good if china remove ban for bitcoin and there are probably that bitcoin will rise the value if it is happen that china remove banning in bitcoin.

[ClvrGmr]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

That would be great. If China will dismiss the ban for bitcoin it will drastically affect the price. You seemly have it fair for bitcoin to go up and to go done but basically the probability of the price of bitcoin to go down is a bit lower. Why? Because if China removes it ban we will be having a burst of investors and it will shorten bitcoins value and a price increase will happen as a result. So I will be happy if this is just a temporary ban

[iqlimasyadiqa]

If the ban is temporary, we will see a new regulated ICO and exchanges. The ICO entrepreneurs will try to get ahead of each other to present their project to the local market. There will be a huge demand of bitcoin in China's market.

Very True, I have a strong feeling china will soon regulate ICO and crypto in general ..

can be more mentioned that this is not a permanent ban. the banning of the Chinese government is only temporary and it only aims to regulate bitcoin and ICO to be easier to control. so that later there will be no people who are disadvantaged. of course we have now seen many ICOs that failed and only hurt investors. I think this is what the Chinese government will do right now.

[CodyAlfaridzi]

To the moon we go! If the ban is lifted the price will surely lift too. But I don't think it matters a lot now. We have recovered back to pre-ban price within just a few weeks, not even reaching a month. Bitcoin will do just fine without China, that is a very good thing.

This is speculative and I don't think that the scenario in OP is true. The China ban is pure because they want to regulate cryptocurrency in my opinion.

[erickkyut]

As far as what I've read, China's ban is really temporary. They just wanted the ICOs to be regulated. Once the ban was lifted, I'm sure that Bitcoin price will increase more. Aside feom that, many investors will be encourage again. China is one of the biggest and largest Bitcoin users in the world.

[Jake052478]

In fact it is temporary... they just wanted to regulate the use of this digital currency... eventually they will give in because of the high demand of cryptocurrency... the only thing they wanted I guess is to control and somehow the state can imposed tax on transaction involving bitcoins... it is a no brainer man... they will come back... and they will come back strong...

[emezh10]

Yes, I have been thinking that the ban may be temporary also. It is possible that China will keep the ban on ICOs (or at least the questionable/fraudulent ones) but gradually allow exchangers to begin operations again after setting uniform rules and regulations. It does not make much sense for China to want to ban bitcoin completely, especially not if they can find a way to benefit from it financially, perhaps through taxes/fees or by simply trading the cryptocurrencies themselves and playing the market.

If it will be temporary , it means that the result it made on the transactions chain in the system of bitcoin would recover quickly enough to make sure that it would not crashed as hard it may have been. In other word it would not dump at its range price of its price. And I am sure that the sudden change within the system of China may also result for a better system of bitcoin in terms of transaction, investments and trading.

[jseverson]

Even if the ban is temporary or it,China does not have a major say in the bitcoin market at the moment,the price is recovering really well after all the rumors being spread regarding the ban of ICO and exchanges and the panic selling from novice users and if China's ban was temporary it would be great for the Chinese market and nothing else.

This hits the nail right on the head. China has done its damage, and the lift on the ban would just raise Bitcoin value even higher. We are already up to $4300 at the moment despite all the negativity, even with the South Korea news, so I think it would be safe to say that we are definitely going above $5000 again.

That being said, the ban was always said to be temporary, as China was looking into ways to regulate them. They see a lot of money moving, and they want a cut. Whatever they come up with, I just hope won't be too restrictive. More demand is always better for value.

[Capt00]

In fact it is temporary... they just wanted to regulate the use of this digital currency... eventually they will give in because of the high demand of cryptocurrency... the only thing they wanted I guess is to control and somehow the state can imposed tax on transaction involving bitcoins... it is a no brainer man... they will come back... and they will come back strong...

I know China won't let go Cryptos because they earned big money from here. Maybe there some innovations of rules by the govetnment  and the establishment regarding of accepting digital currencies. Once it settled, probably they'll back on track.

[pawanjain]

I think the ban is indeed temporary as they are planning to treat virtual currencies as virtual assets. According to a news i read today, China is planning to operate virtual currencies as virtual assets from October 1.
The link to news is  https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/
So after this may be they will lift up the ban and then regulate the cryptos and that could mean a spike in Bitcoin's price. This surely would be an opportunity to grab on.

[pooya87]

what the F* is wrong with forbes! China never banned bitcoin for it to be temporary or permanent! are they just shit-posting now, i wonder.

what China "banned" was ICOs and it is permanent. they may allow one or two ICOs if things change and they could heavily regulate them but i wouldn't have much hopes for it. other countries have also banned ICOs. nobody wants them.

and like i have already said a million times ICO has nothing to do with bitcoin.

[ipanks]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

i think it is great news that china only want to ban for temporary because bitcoin still have a chance to be approved in china again and it will bring a new hope for their people. i think that it is not good to ban bitcoin because bitcoin have much of benefit that can be used by the country and their people can search for another source income.

[datodota002]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

if it's true that china just temporary ban bitcoin, it's mean an opportunity for us to buy bitcoin as much as you can. because when china not banning again bitcoin price will rise more than now

[TagaMungkahi]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

Maybe it is possible but as far as we base from the past articles i think it will take a lot of time before the lifting of bitcoin ban on china will happen. In my own opinion they will stick to the banning of cryptocurrencies because it acts like a threat to their control and monetary policies.

[hv_]

It is all about central control there. Once they come to the point they cannot close, rather make profit with it, it will traded at usual central (commodity?) excanges. I think their are very close to all that.

[jorneyflair]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

It doesn't really make sense to me why they would want to ban ICOs or bitcoin exchanges. I mean it has nothing to do with its upcoming party convention whatsoever. I feel like this is probably going to be an indefinite ban.

However, if it was temporary, and when it is lifted, then price will defintiely go straight up.

There is no doubt about it. People are already extremely bullish now, they'll even be more bullish when that happens.

[ProGamerJojo]

Doesn't really matter if China  keeps the ban on ico's. As long as they'll leave Bitcoin alone

[magneto]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

China actually didn't ban bitcoin so i'm not sure what they are referring to here. It is likely that they got bitcoin and bitcoin exchanges mixed up since China has only recently banned ICOs and forced bitcoin exchanges into closure, but not bitcoin itself. This is proven by the amount of sell and buy ads on loclabticoins that are still active.

Anyways, this could well be temporary. They could in future find a way to effectively regulate bitcoin exchanges or ICOs and allow them to exist once again. However this definitely depends on the government and what they are planning on doing. We can only pray for the best.

[Michael_Token]

Crypto technologies brings jobs and economic opportunities to China, via mining, ICOs, new coins ...

So I think  they will just regulate crypto activities.

[newlone]

If a temporary ban from china is issued that would be a great opportunity for many investors at the moment, they can buy BTC cheaper than normal and hoard it for future. But that is something some investors do not want to happen because it has so much risk and they fear it.

[ProGamerJojo]

They're probably working towards ways to better regulate it and setting up the required facilities to oversee it. So yes, I think it's probably a temporary thing.

[weredo911]

temporary or not. we shouldn't care China anymore. Many China trader has use news to control market like this many times.

[no0dlepunk]

What if? - I honestly don't care too much anymore. About a month ago, I didn't know what will happen to my career since I had left my day job and focused on bitcoins and writing blogs. Currently, I am exclusively earning bitcoins and what happened a month ago had bring so much pain in my ass. However, after that catastrophe, I became more confident with bitcoins and realized that its not only China who plays this game that I am playing - I also have South Korea, Japan, and India. So if ever I read another news about China and Bitcoin, I wouldn't give a damn anymore. Price might pull down a little but as I have said, I became more confident with bitcoins now. No offense to the Chinese.

[wowanstrong]

I am sure that the ban in China is temporary. China is a very powerful country and it will not want to give up the modern currency of the future, they just want to control it.

[sishahid]

There may be many reasons for bitcoin banning. We can not tell anyone why Bitcoin has been declared illegal in China. There may be links to many things. There may also be political reasons. But we do not know the real facts.

[50ouncebrew]

China ban can be temporary or not. It is up to them. That is the beauty of free markets. Thing is Bitcoin is unregulated so it will continue to act that way. It'll give me a chance to buy them for cheap.

[cherrymobile]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

If china ban bitcoin i know and i sure that the value of bitcoin goes down but bitcoin increase again becuase many investor will invest to bitcoin becuase many investor want  to invest if the bitcoin will decrease becuase decreasing value of bitcoin wis the best day to invest.

[Panah Arjuna]

I think that the ban may be temporary as well.
It is possible that China will continue to ban the use of ICO "or at least the questionable / fraudulent"
But gradually allowing exchangers to start operations again after establishing uniform rules and regulations.
It does not make sense for China to want to ban bitcoin entirely, especially if they can not find a way to exploit it financially, perhaps through taxes / fees or by simply trading the crypto-escalation itself and playing in the market....

[brickafterbrickwalldpt]

Nothing surprising, they know it's not the best decision to ban it entirely.

[FrankNoland]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

I saw this coming, and it was so predictable. I don't want to mention names but there are some organisations which are just trying to manipulate the market so that they can go in very hard when the values are lower bearing in mind that when the value begin recovering, they start making profit.

[JohnBitCo]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

If china perm-banned or temporary ban the ICO ,It will not effect on bitcoins neither there users. We can still survive without China. Same as north korea even they banned Bitcoin still we're using bitcoins and its functions. We should avoid reacting to such news every now and then, as these negative news for bitcoins are becoming more popular these days

[salmanahmedone]

China ban can be temporary or not. It is up to them. That is the beauty of free markets. Thing is Bitcoin is unregulated so it will continue to act that way. It'll give me a chance to buy them for cheap.

It is temporary, and that has been said more than 800 times in the media in China! It has been mentioned here over and over and it has been said in the press over and over. China is simply not that into the crypto thing and it is one of hundreds of regulations government things they are dealing with and the results are going to be the same as always, meaningless in this world.

[X-ray]

China ban can be temporary or not. It is up to them. That is the beauty of free markets. Thing is Bitcoin is unregulated so it will continue to act that way. It'll give me a chance to buy them for cheap.

It is temporary, and that has been said more than 800 times in the media in China! It has been mentioned here over and over and it has been said in the press over and over. China is simply not that into the crypto thing and it is one of hundreds of regulations government things they are dealing with and the results are going to be the same as always, meaningless in this world.

Yeah, that's it, tired of all these stupid news that still going around over this forum, even the news itself have been repeatedly mentioned that the ban is temporary and people still think that this information is a thing.
The closing down of many exchanges in china is also not because of this ban but more about they can't fulfill the "strict" rules which china recently released.

[razzbee]

China ban can be temporary or not. It is up to them. That is the beauty of free markets. Thing is Bitcoin is unregulated so it will continue to act that way. It'll give me a chance to buy them for cheap.

It is temporary, and that has been said more than 800 times in the media in China! It has been mentioned here over and over and it has been said in the press over and over. China is simply not that into the crypto thing and it is one of hundreds of regulations government things they are dealing with and the results are going to be the same as always, meaningless in this world.

Yeah, that's it, tired of all these stupid news that still going around over this forum, even the news itself have been repeatedly mentioned that the ban is temporary and people still think that this information is a thing.
The closing down of many exchanges in china is also not because of this ban but more about they can't fulfill the "strict" rules which china recently released.

I think the main aim was to shut the exchanges down by drafting strict and hard to follow rules, because if you need something to stay , you will provide flexible rules instead

[jc89]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

That's what almost everyone of us here thought the first time we heard about bitcoin ban in China. Because we know how they are trying to manipulate btc as they please. That appeasing international agencies is just one of the reasons they've come up with to excuse their actions and I'm not buying any of it. They can support, ban and support btc again how many times they want. I'll just mind my own business and keep on investing.

[dasdo]

I am inclined to think that this ban is really a temporary phenomenon. Moreover, news is already coming out about the lifting of the October 18 bans and China's crypto currency regulation. So everything will be fine, especially in the long run.

[MMysterious]

I think most of the traders or even people here in this community are thinking the ban was temporary and just putting a stir on the present situation so the price of bitcoin will dump and giving opportunity to those investors to buy a much cheaper price. I really think it was their tactics to cause a commotion about bitcoin and its exchanges.

[Taki]

I am sure that banning of ICOs in China is just the point of the time. They just didn't know what to do with all those projects, many of which are just clear scam, so they decided to ban it at all till the right decision about ICOs and exchangers control will not be accepted.
For now other countries moved by the same road as China. But I think it's only cause of crypto-world is developing and changing fast, but law system inside of those countries not.

[eddie13]

The might just be manipulating the market..

[Lancelot04]

If that happens, I bet the price of Bitcoin will spike to its new all time highs. Sooner or later China will have no choice but to join the community of the future digital currencies.

[1l1l11ll1l]

I think even though its value will increase again, it will also be gradual and indirectly high (now it is already high). in some of these stages we can get a lot of profit if we can choose the right moment. and I think we're late for investing right now, because bitcoin has started to return to its normal price.

[agentx44]

If that happens, I bet the price of Bitcoin will spike to its new all time highs. Sooner or later China will have no choice but to join the community of the future digital currencies.

I also think that china banned bitcoin was only temporary because it doesn't make any sense that banning bitcoin in their country that affects bitcoins price to decrease. I think china banned bitcoin temporarily is they would still like to join and use bitcoin.

[Denies]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

yes, i always think like that, let alone china plan want to decrease bitcoin value does not happen ,. once korea catches up, there is no symptoms whatsoever about the decrease of bitcoin. so for me they will be back again on bitcoin and blockchain.

[staff_1307]

I also think that this ban was temporary, and soon China will remove it. I also want to save Bitcoins until this time, because I think that the price for it will immediately grow.

[ilovefeetsmell]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

I hope so, china will ban the ICO temporarily. China has the big contributions on the ICO and a large amount of users and investors of ICO. It is a massive price increase for the passive users and buyers. Great news to all of us, big opportunity big money we can get.
When they will announce the ICO unban in their country. Excited for the comeback of China in our crypto-community.

[Ariess]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

we have discussed this with some members of the facebook group.
I have confidence, that china is not really with the ban, yes as you say it is only temporary. let's see what happens next.

[Destroyeroff98]

If China lifts the ban, then most likely bitcoin will "take off" in value.
I think this is a short-term ban and China will soon be on the market.

[Adioliver]

The recent scenario of China banning ICOs resulted in a great downfall of the value of bitcoin.It almost dropped by a whooping amount of $1000.This left many bitcoin users shocked and created a lot of panic due to which many of the bitcoin holders sold their bitcoin.
If this ban turns out to be temporary then the bitcoin value will rise for sure. The price could even reach $6000 perBTC.

[sijonru]

maybe you are right, but anyway china ban has made us see how china attack bitcoin and play massive rumor, maybe they will come back? Let's see

[smith136]

that is a good news for us if that is the case, maybe they just want to get rid of those ICO scam afterall. China has been a great market for bitcoin so if they lift the ban on bitcoin it might cause an uproar there, chinese people will make a comeback to the market and i can fairly see that bitcoin might go $5000 at the end of this year.

[ahmad21]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

The whole world is thinking so. Yes this can be a possible explanation for the ban but still there is no specific date as to when this is going to happen. Days, weeks or months who knows?

[carlfebz2]

Not really news, it's pretty much what everyone has been thinking so far. They only want to be sure to stay in control and thus they wanted to regulate it first.

This is the thing on which most people do really think off.Even myself do believe that those banning incidents or news are just really temporary they cant really impose a total ban since they know they can able to benefit from it and the main thing they do really want from here is they would able to control such thing.They do love to regulate anything as they like.lol

[happyme1818]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

We already expect that to happen because they already do that before. They think they can manipulate bitcoin but they failed.It will surely lifted because their action didn't made a huge impact in the price. As long as Japan is on our side,China will have a hard time crashing bitcoin price.

[william8829]

If it is temporary then this is good news.  China is a huge country with a great deal of wealth.  Its economy is growing fast.  I hope that China will end its ban on exchanges soon.

[subSTRATA]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

It doesn't really make sense to me why they would want to ban ICOs or bitcoin exchanges. I mean it has nothing to do with its upcoming party convention whatsoever. I feel like this is probably going to be an indefinite ban.

However, if it was temporary, and when it is lifted, then price will defintiely go straight up.

There is no doubt about it. People are already extremely bullish now, they'll even be more bullish when that happens.

i would like to hope that it's an interim ban until the regime can figure out its definitive stance on bitcoin and how exactly to regulate cryptocurrency related items in order to provide an safe environment for its users. however, knowing china, that's probably the less likely of the possibilities. as for banning ico's, i think that's because the chinese government doesn't exactly like the idea of a decentralized project that they have near zero control over. i have doubts as to weather or not the price would go up in the case the ban would be lifted though, it might be lifted with harsh restrictions that might as well be worse than a ban. honestly wouldnt put it past the chinese government to do such a thing.

[Wipro]

Not really news, it's pretty much what everyone has been thinking so far. They only want to be sure to stay in control and thus they wanted to regulate it first.

This is the thing on which most people do really think off.Even myself do believe that those banning incidents or news are just really temporary they cant really impose a total ban since they know they can able to benefit from it and the main thing they do really want from here is they would able to control such thing.They do love to regulate anything as they like.lol

It has been implemented in China to manipulate the bitcoin none other issues bro. Soon they taken off this ban and they will use the bitcoin also legal in their location. Some of the people feel fear because of this ban and bitcoin value goes to 2k back but it will never happened since we are seeing more adoption on bitcoin and ethereum recent days. Let them regulate slowly.

[stompix]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

Them claiming the ban was temporary and bitcoin or bitcoin exchanges or ICO's are legal again will be the worst thing possible.

The only certainty we have at that moment is that we will get another round of them "banning" bitcoin again.
No!And no again!

This circus must stop once for all.
Bitcoin is now in the same price range, everyone has got over the initial shock, everything is still fine even without China, so let's stop.
The wanted this "ban" now let it be "banned" till the great wall crumbles.

[pitiflin]

Yes even I heard the rumors stating that the ban was temporary and China wanted to scare people by making a statement in the form of banning ICOs and exchanges. Though I don't know what is going to be the state of ICOs in china and South Korea ,but exchanges they will be back. And if china comes back before October 10 ,that's what rumors and sources say,the price will increase again. So why not I am ready for it.

[maciak]

I dont think what is temporary

[razzbee]

I am inclined to think that this ban is really a temporary phenomenon. Moreover, news is already coming out about the lifting of the October 18 bans and China's crypto currency regulation. So everything will be fine, especially in the long run.

Yea, I think so too

[lalabotax]

maybe i do not agree with what you think. it seems that china is serious about not re-engaging, as chinese backgrounds tend to adopt more or make duplicates similar to bitcoin to apply in the country

[razzbee]

maybe i do not agree with what you think. it seems that china is serious about not re-engaging, as chinese backgrounds tend to adopt more or make duplicates similar to bitcoin to apply in the country

but do you know they did banned it before and lifted the ban, but I have also heard about the background coin China is supposedly is creating.. but time will tell

[mevmike]

For me it is not really important if the ban China has created is temporary or not.
But i just wanted to point out that whenever they will lift the ban again.
They should not be doing another ban on any other cryptocurrency dealings in the future.
Because by doing this decision making of banning then withdrawing it again would give their government leaders weak image around the world.
I believe that as a leader you should be firm with your decisions.

[Social_Cryptonetix]

We already reported this thing on our blog! There is every chance that this ban is only temporary and over next few months, it could be a reversal in this decision. But, there is no one who can say anything either way with certainty.

[manchester93]

We already reported this thing on our blog! There is every chance that this ban is only temporary and over next few months, it could be a reversal in this decision. But, there is no one who can say anything either way with certainty.

It's anyone's guess at this point. The CCP and PBOC are incredibly cryptic when it comes to new regulations. At least one official has suggested the ban is only temporary, but that doesn't mean anything in the scheme of things. There is often internal disagreements and power struggles in such Party deliberations.

In regards to cryptocurrencies, I suspect the exchange ban is temporary, and we will see licenses and regulation forthcoming. With ICOs, it's anyone's guess.

[prehisto]

According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease

Source:  https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09

First of all the China influence is almost* gone, the market now represents  all other countries combined. And it is doing very well.
Second. China will definitely come back in some level because it si just plain stupid not to. This is too big industry to do so.

*there should be considerable amount of Chinese players in the market right now who are bypassing this ban.

In case of good news from China, it would wonderful for all of us who are invested.

[sofi@]

I'll be not surprise if one day China will decided to adopt bitcoin in their economy because seeing the stability of bitcoin nowadays it is very likely that bitcoin will have a big part in the global economy specially now that it is accepted world wide. I think China will realize that they need to adopt with the growing technology.

[marky89]

I'll be not surprise if one day China will decided to adopt bitcoin in their economy because seeing the stability of bitcoin nowadays it is very likely that bitcoin will have a big part in the global economy specially now that it is accepted world wide. I think China will realize that they need to adopt with the growing technology.

Maybe, but I'm fairly certain that isn't the plan right now. The government definitely realizes that Bitcoin and blockchain technology is here to stay. That's why there is a smartphone app available called "Blockchain e-Wallet" that was designed by the Bank of China, according to cnLedger. It will be linkable to Bank of China debit cards. There's no evidence that it will compatible with real cryptocurrencies like BTC -- I imagine it won't.

I guess those who believe that cryptocurrencies are merely payment rails might actually fall for such apps. Maybe that's the point.

[Bitcoincole]

I'll be not surprise if one day China will decided to adopt bitcoin in their economy because seeing the stability of bitcoin nowadays it is very likely that bitcoin will have a big part in the global economy specially now that it is accepted world wide. I think China will realize that they need to adopt with the growing technology.

Probably china banned temporarily the bitcoin because they wanted to regulate the ICO's. This stragegy might result to a low exchange rate. As soon as china lifted the ICO's they havr already a savings for as to invest in any forms of investment.

[Mr. Legendaris]

Banned temporarily or permanently I think it does not matter because bitcoin users are spread evenly around the world and I'm sure users from China are also easy to transfer bitcoin to other countries because bitcoin can be stored in web wallet.

[aencarnaci]

The might just be manipulating the market..

Chinese give loss to the market and if they are temporary or permanent now there is no place for them into bitcoin they can join as investor and in future they will never ever to think about harming it and holding price in their hand bitcoin has proved that china is nothing and china will regret about their decision and will beg to join again.

[Konthol Ngaceng]

we are waiting for this and this is a tough test for bitcoin, of course many bitcoin users in china are panicked and will sell any bitcoin price, may the Chinese government cancel the permanent banned plan.

[MostHigh]

China i strongly believe will be temporal and if so will come back even stronger to boost the market. But if china decides to stay out for long or ever still crypto world will grow and the market in China will just relocate to a hospitable region and China will be the looser in the long run. The government knows about this and i believe they will do all they can to get back involve.

[Pandacomel]

If China ban at temporary . The prices in market will droped down . Many miners will lost they profit if China ban it. That will be more worst and make the prices in market trader from green colour changes to red colour.

[XE14]

Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto

[the rise]

Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto

I see China wanting to make a special coin into a major conversion both from bitcoin and all altcoin. This is already done by japan, maybe chinese is a bit late because crypto business is rampant in their country, but ICO ban has strong motive to get there, I think it is not permanent and will be reopened if chinese crypto system is ready as soon as possible.

[Arkann]

The ban in China on the circulation of crypto currency and, as already seen, was temporary. Now China is gradually returning to the crypto currency market, but leadership seems to have taken Japan from Japan.

[susila_bai]

Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto

I see China wanting to make a special coin into a major conversion both from bitcoin and all altcoin. This is already done by japan, maybe chinese is a bit late because crypto business is rampant in their country, but ICO ban has strong motive to get there, I think it is not permanent and will be reopened if chinese crypto system is ready as soon as possible.

They not banned completely but they ban to get time so that they can regularize and make some rules to use bitcoin and invest in ICO In the interest of their public.

[Delisaara]

china has a big plan behind all this,I think china will not be able to leave the bitcoin for granted,
because China used to hold a very large bitcoin exchange,not as easy as chinese leave bitcoin.
we just wait chinese to survive to what extent.

[bitllionaire]

Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto

I see China wanting to make a special coin into a major conversion both from bitcoin and all altcoin. This is already done by japan, maybe chinese is a bit late because crypto business is rampant in their country, but ICO ban has strong motive to get there, I think it is not permanent and will be reopened if chinese crypto system is ready as soon as possible.

I think yes the ban can be as temporary and they may be working on it, because in modern time i think crypto currency have more importance specially for countries like Japan, China USA etc, and i am sure that their government may never ignore the fact, therefore we expect that the ban on Crypto currencies in China is temporary.

[Cryptolive]

Don't think much about china. If it is temporary or permanent that wont affect bitcoin badly as the effect of it has gone and nobody is thinking about it.It may affect positively but no negative effect from it. As you can see china banned many top companies.

[daenarys_stormborn]

I think if china really only do bitcoin banned temporarily, and then china will open the gate for ico and bitcoin again, then bitcoin price will rise high far, this could be just a strategy of china country, but no one knows what will happen in the future

[elliottflz65]

Why would this benefit China? Surely this doesn't change anything for them if the ban was temporary or not.

[Moujahid]

I think if china really only do bitcoin banned temporarily, and then china will open the gate for ico and bitcoin again, then bitcoin price will rise high far, this could be just a strategy of china country, but no one knows what will happen in the future

What's happening is the Chinese are frustrated that they can't appropriate BTC to the level they want.  That's been the history of western business ideas and China's reaction for decades.  We invent something and they copy it and try to absorb it and make it their own.  Can't do that with crypto.  There's a paradox here where the Chinese are excited about crypto and sense that there's something definitely powerful in it, but they don't fully understand the technical aspects of it.  They'll be back after they figure out how stupid this move is.  I'd make ANY bet on it.  Screen cap this and watch what happens.

[barhavsky]

if china ban temporary. i think it's good because china have big investor so they can invest in ICO.