What if China ban was temporary

[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.