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Author Topic: China May Reverse Bitcoin Band  (Read 774 times)
MWalk
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October 12, 2017, 08:58:30 PM
 #1

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
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October 12, 2017, 11:10:09 PM
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Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

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October 12, 2017, 11:43:51 PM
 #3

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.
That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.
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October 12, 2017, 11:49:14 PM
 #4

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.
That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.
I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

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October 12, 2017, 11:53:32 PM
 #5

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
Not just you, I think the same too. China is doing very, very shit things, they want to gain control on bitcoin and do as much money as they want. Every their word affects price immediately and that affect is very serious. They already tested and know their possibilities, result of this test is that they can manipulate as they want. Europe/US has to play important rule too or bitcoin will be nothing but a china's toy.

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October 12, 2017, 11:53:53 PM
 #6

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.
That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.
I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

Why though? Most of us who are Intelligent made good profits off the fear of the idiots. Thank you useless china. I bought two new gaming consoles thanks to them Smiley Threat? Never!! In fully confident in Bitcoin and just look what happened? Exactly as I said. Bitcoin not only recovered but is trading at over $5000 great!!

I do agree with you though I'm also tired if hearing about china. Leave china behind in the dark they don't deserve bitcoin.

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October 12, 2017, 11:55:07 PM
 #7

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.
That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.
I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

That is true. I don't why people are still talking about this shit when we have seen bitcoin remain very strong despite the news from china. Why is china all over this thread until now? Are we not contented that china is taking control of our houses and lives through all china-made products? I bet the PC you are using right now is either assembled or entirely made in china.

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October 13, 2017, 12:10:24 AM
 #8

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

This isn't true in the least, China feels that Bitcoin is a threat to it's power in controlling it's country and in a country with a very AUTHORITATIVE (Also Communist government) regime, they're going to keep something like this banned. As it is giving power back to the people which they aren't going to be doing.

This article that OP put is simply there to try to keep the Bitcoin price soaring, for a select few to make good money. This ban will stay in place, plain and simple.

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October 13, 2017, 12:52:59 AM
 #9

Well, maybe. But I don't think the Chinese government will easily let it go, at least for a few months. Because it seems like a very serious topic: the Chinese government will not allow some uncontrollable virtual currency to disrupt the yuan's position. The existence of bitcoin is unintelligible to the government, so they need time to understand, or forbid. But at least for now, it is not illegal for anyone to buy or sell bitcoin. Hope is getting better and better.

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October 13, 2017, 01:10:29 AM
 #10

It is not just you, most people noticed it as well, with the price of bitcoin constantly rising more and more people wanted to invest and with that, the government started to pay attention to it. They can clearly see the power of bitcoin, what it is capable of and of course how much profit they will gain from it. China just started it they wanted to control something that is not meant to be controlled by a person or an institution and because of this china came up with a plan to ban bitcoin but in my opinion it is just a strategy to check how the market would react. Now that phase 1 was done they have to proceed with the next phase seeing that the market somehow got affected with the ban they can now come up with a strategy to manipulate it. So they're not banning bitcoin anymore instead they will impose rules which will be hard for the chinese market and due to these rules they now have a way to manipulate it and gain more profit from it.
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October 13, 2017, 01:48:26 AM
 #11

I read an article saying they are looking into regulating it. The ban has never been said to be permanent. The Chinese government is simply trying to come up with ways to prevent capital outflows and money laundering. They're also planning on releasing their own online currency, of which other cryptocurrencies play a role. The question is not if the ban will be lifted, it's when.

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October 13, 2017, 02:00:55 AM
 #12

When the ban is lifted, the great news will push bitcoin price higher.

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October 13, 2017, 02:47:14 AM
 #13

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
sure they will.they just want to check and assure that the policy will be implied as well of what is the government may benefits,coz being a communist country government first before the people .

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October 13, 2017, 02:53:16 AM
 #14

With the price right now, yes, it is very possible to happen.
These days the news was not very good. Especially when it comes to China.
But if it's really really true that China reverse exchange banning, then I expect the price will continue to rise.

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October 13, 2017, 02:58:19 AM
 #15

 Is there really a market in earth that isn't manipulated? Of course that dump was a manipulation. What can you do? It's a real free market and anything goes around these parts.














 

 

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October 13, 2017, 03:01:11 AM
 #16

If China does this then that will make them look extremely weak. I mean it's the right thing to do but you must wait. Too soon and people will think the Chinese are emotional, too long and people will think the Chinese are stupid.



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October 13, 2017, 03:14:04 AM
 #17

We do not know the true purpose of china in bitcoins and what they really want to happen. I think it's just a lie because they really want to buy at a low price so they annoucement that suppose they will stop the exchangers. And now the bitcoins are upbeat, they have probably bought a cheap amount. What they did was to compel people to sell it to get it pressed and buy at a high price.


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peter0425
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October 13, 2017, 03:28:37 AM
 #18

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

This isn't true in the least, China feels that Bitcoin is a threat to it's power in controlling it's country and in a country with a very AUTHORITATIVE (Also Communist government) regime, they're going to keep something like this banned. As it is giving power back to the people which they aren't going to be doing.

This article that OP put is simply there to try to keep the Bitcoin price soaring, for a select few to make good money. This ban will stay in place, plain and simple.

Bitcoin or cryptocurrencies can no longer be ignored by a authoritarian regimes such as China and Russia so they have to make their moved very early before its goes uncontrollable. They have been fully supporting bitcoin as evident of their exchanges and the amount of trading. However, bitcoin is gaining grounds in China and Yuan is losing grounds. So they put a halt on it so I doubt that they will ever lived the ban of ICO. Exchanges though might have as chance but I'm sure they need to comply with the government and measures, very hard measures are put as a safety net. But it has to be seen.

We do not know the true purpose of china in bitcoins and what they really want to happen. I think it's just a lie because they really want to buy at a low price so they annoucement that suppose they will stop the exchangers. And now the bitcoins are upbeat, they have probably bought a cheap amount. What they did was to compel people to sell it to get it pressed and buy at a high price.

We do not know the real reason behind their sudden hard stance against bitcoin. But I doubt they try to manipulate the market and buy at a discounted price. Are you saying that the government of China is secretly buying bitcoins behind their country and our backs?

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October 13, 2017, 03:30:24 AM
 #19

i disagree with this a little.
the news about China that is popular and everyone is hearing about is the "China Banned Bitcoin" FUD still. not much has changed about that FUD really and they never banned bitcoin to begin with. they closed a couple of exchanges, and banned ICOs that is all they did nothing more. and just like last times that they closed exchanges, there is a good chance they will be opened soon after some time, maybe 3 months.

i have not even seen any "hopes of China Reversing any Ban"! and when a news is not really circulating around you can't say it is effective in my opinion.

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October 13, 2017, 03:51:08 AM
 #20

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
Bitcoin strength is being monitored and tested every day, remember the days when the network was being spammed to death, do you see all those forks, the FUD, the exchanges being closed and the banning of icos and yet here we are with an all time high, I’m sure that everyone that is watching bitcoin is completely surprised at what it is happening at the moment.

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