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Bitcoin Guy (OP)
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October 06, 2017, 09:42:26 PM |
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Be ready for this reversal. It may happen sooner than you expected. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/As I have mentioned in other posts before, the ban from China should be only temporary. Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license). China is not stupid enough to exclude itself from the crypto ride. Also, a long term ban will damage its status and reputation in the financial market. |
- To be or not to be, that is the question. -
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player514
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October 06, 2017, 09:45:35 PM |
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I saw this article and I was intrigued. Seems like China was toying around with the markets just to see their power in crypto. They're going to want to regulate this game that a lot of their citizens are playing. I could see taxes being implemented in some form on these licensed exchanges, however. Regardless, the moment when China licenses a couple of these exchanges, the price will rise. |
This area is up for grabs! PM me if you're interested.
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Voice-Of-Reason
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October 06, 2017, 09:51:12 PM |
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And we will welcome them back!
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DaMut
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October 06, 2017, 09:52:16 PM |
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that is why whenever i found a thread said 'what will happen with Bitcoin if China ban it forever'.
i always say,do not think too much my friend.
no matter what will happen,in their eyes Bitcoin is like a hidden Gem.
they did it in order to get it more,and with that they can push their financial.
it's an organized move and if i remember it correctly it's not their first time did that right ?
chinese will allow it again in the future,but every exchanger will be regulated by them.
after that we will see another drama again created by them with different topic.
economy cycle.
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soham
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October 06, 2017, 09:55:26 PM |
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It's too good to be true. If it happens, the crypto currency market will start receiving huge investments from Chinese traders and investors and as a result, the price will go up for almost all the cryptos. China did not ban crypto currency ever, they just banned the ICO route of raising funds and also the exchanges in fear of money laundering. If they start giving away proper licenses to the exchanges, it will be a huge boost for crypto market worldwide. Positive for us no doubt. |
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BitSat
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October 06, 2017, 10:00:31 PM |
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It's too good to be true. If it happens, the crypto currency market will start receiving huge investments from Chinese traders and investors and as a result, the price will go up for almost all the cryptos. China did not ban crypto currency ever, they just banned the ICO route of raising funds and also the exchanges in fear of money laundering. If they start giving away proper licenses to the exchanges, it will be a huge boost for crypto market worldwide. Positive for us no doubt. Currently this region is very good for bitcoin and altcoins because many countries creating soft policies for this and its giving more confidence to peoples for big investments just too many ICO's creating problems if they regulate them hope this could be more helpful as Japan and Taiwan already doing if China also regulate its rise demand of these and give very handsome return of investment |
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dothebeats
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October 06, 2017, 10:03:02 PM |
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Reversal after they've seen that bitcoin is going along pretty well even without their petty dramas and interference. If this happens to be true, it will prove to the world that what happened was an orchestrated FUD for some people to benefit when everyone is uncertain what would happen to the coin's price without China. Trading will resume, so most likely it will be another pump on the price and might reach a new ATH this time.
I hope that China would come up with some serious regulation with the trading scene and not another bluff just like what they did in the past years.
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Merovius
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October 06, 2017, 10:07:06 PM |
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Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).
Perhaps you meant "regulate"; I do not think that "regular" is supposed to be used as a verb.  |
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carlfebz2
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October 06, 2017, 10:09:52 PM |
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Reversal after they've seen that bitcoin is going along pretty well even without their petty dramas and interference. If this happens to be true, it will prove to the world that what happened was an orchestrated FUD for some people to benefit when everyone is uncertain what would happen to the coin's price without China. Trading will resume, so most likely it will be another pump on the price and might reach a new ATH this time.
I hope that China would come up with some serious regulation with the trading scene and not another bluff just like what they did in the past years.
For sure they would learn now regarding on their previous steps on last month they do believe that they can able to succeed by just making any other fuds and now they do see that bitcoin isn't really affected at all. Community doesn't really care at all on what are the steps they are making.This is how strong the bitcoin community is and a single country don't have the power to bring it down.For now they would decide to go with the flow. |
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Harrisonimo
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October 06, 2017, 10:12:36 PM |
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Hmmn... Really interesting! I smile. Whatever reasons they had to pull out in the first place has sure really been forfeited or better still achieved if it was a test on their part. They really have seen that the Bitcoin is no longer within their manipulation reach. This had a little effect though but Bitcoin has been bouncing back without them. Bitcoin has been a tool or birthed from their end area but now knows no holds/barrier! |
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haroldtee
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October 06, 2017, 10:14:52 PM |
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It is even funny why we give China too much preference. Probably that is the reason they have always felt they can use their position to manipulate the market with their planned FUDs. I guess it is high time they realised that bitcoin waits for no country and cannot be controlled. It is never too late to still join the moving train anyway. They must have learnt their lessons now cause this ain't 2013.
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akamit
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October 06, 2017, 10:21:32 PM |
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Reversal after they've seen that bitcoin is going along pretty well even without their petty dramas and interference. If this happens to be true, it will prove to the world that what happened was an orchestrated FUD for some people to benefit when everyone is uncertain what would happen to the coin's price without China. Trading will resume, so most likely it will be another pump on the price and might reach a new ATH this time.
I hope that China would come up with some serious regulation with the trading scene and not another bluff just like what they did in the past years.
I agree with you. After seeing that cryptocurrency is moving very well without them after their ban news, Now they decided to enter crypto world again with a new approach (Regulation). Whatever it is, if China involves or doesn't involves in crypto world, it will move on without any hesitation. Crypto world now is like a engine which has been started for lifetime and it won't stop, never! But the more engagements from more countries will make crypto world better & better. |
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Wigo17
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October 06, 2017, 10:33:54 PM |
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The Chinese government only likes to monopolize and centralize everything.
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gentlemand
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Welt Am Draht
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October 06, 2017, 10:39:50 PM |
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This has been much theorised. I don't really see why they'd bother.
If they're concerned about capital flight then whatever crypto they permit to trade can't be allowed in or out of their exchanges. If they're actually concerned about criminality then they may as well keep everything shut, come down further on OTC and P2P and then push it to the absolute fringes.
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rifiuti
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October 06, 2017, 10:43:48 PM |
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Two words for your eyes only; National. Congress. |
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pinkflower
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October 07, 2017, 03:06:49 AM |
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China should stick to their guns and ban BTC. If they decide to lift the ban and regulate it, that surely will be taken as sign of weakness or a sign that BTC indeed is unstoppable.
But even with the Chinese ban, BTC would still be unstoppable. They are inbetween a rock and a hard place. They are damned if they do and damned if they dont.
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rcoins0720
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October 07, 2017, 03:14:12 AM |
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this is what like I say in other thread like these about the china ban thingy............
the china I think is experimenting in how the digital currency works and behave in charts and also on how they can manipulate the price value of it
if that so they will regulate it then it will be good strategy for them country economy growth
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lucifochrome
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October 07, 2017, 03:22:27 AM |
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Ha, thought this might happen sooner or later, china's market is so big and most of the chinese businessman are using bitcoin to transact. The move of china banning bitcoin in my opinion was just to test out how their market will react and check the grasp of their power. Chinese government may have wanted to control bitcoin but since can't be controlled they just have to manipulate it. Now i see high taxes in trading and in every transaction. The government will make sure that they make a huge profit out of it.
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RayvenPierre
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★Bitvest.io★ Play Plinko or Invest!
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October 07, 2017, 03:30:37 AM |
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This looks like they already reached the profit margin they wanted that's why they will be resuming their ICO activities. It seems like they really just planted FUD to buy at a low price and looks like the Chinese government will try to manipulate bitcoin once they issued licenses to ICOs.
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0t3p0t
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October 07, 2017, 03:33:37 AM |
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That could possibly happen sooner or later. I know that they are planning something good now like regulating exchanges and ICO's to prevent any problems with it's citizenz. China is a mighty nation in terms of business and there are large number of investors there that plays important role in the crypto community. I don't think they will still implement a total ban on crypto in the future because as what you have said it will damage it's reputation in the financial market. I think they are only ensuring people's safety before going to the game of crypto's. For me I am in favor of this move by the government just to make sure this exchanges and projects will not just hit and run without any sanctions. Price will skyrocket again when that happens. And I know that one day other countries Such as Japan and Taiwan would do the same as what China did to crypto's. |
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