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.