China May Reverse Bitcoin Band

[pranaja]

bitcoin is being tested
Admittedly, the Chinese government's loud ban is enough to give effect to the market and the value of Bitcoin, but here is the test for Bitcoin. The effect is not as big as the previous issues, which is now the global market is decisive, not just one country market. Now there are many variables that affect the price of Bitcoin

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[no0dlepunk]

Bitcoin can be compared to drugs, the more the government prohibits it, the more it becomes expensive... the old school bitcoiners don't care about this kind of news anymore, i guess. Well, anyway, if they will overturn their decisions with exchanges and ICOs then it's going to be good for all of us.

[iamTom123]

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.

We are on the same conviction. Though, of course, we would be welcoming China back if they decide to eventually go for regulating Bitcoin rather than banning it, there are many repercussions that have to be discussed in regards to China. And I don't believe that the recent surge is based on the possibility that China can be back on the table. That can even be just another fake news. Instead, what we are witnessing is the market is now ignoring China and even the latest confusing news from Russia and all the negative comments from financial leaders in and out of USA.

China is a big market (population-wise and interest-wise) and it can be a big push for Bitcoin in case the market can be re-open. Personally, however, I really doubt if this can happen in the short-term. People in the West sometimes failed to understand the ins and outs of the Chinese government. When the government feel that they are not getting anything out of a deal, they will not stake on it. The government is seeing Bitcoin as a possible problem rather than a big help for its economy. They might however formulate their own coin which they can control and manipulate and this is the best possibility I am seeing they would be doing.

[BrewMaster]

just another misleading title in this board!
China never banned bitcoin! and the article doesn't say it either. they are saying reverse the exchange bans!

and i have to say there is no way in hell to "reverse" this exchange bans.

however what they will do is that they will regulate them more and possibly this time give them proper licenses too in order to start their business anew.

[TagaMungkahi]

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

It is just you. You know that a Fork is upcoming and a split into Bitcoin to produce Bitcoin Gold will happen that's why these traders and altcoin holders sell their altcoins into exchange with bitcoin. I do not think china will easily lift the ban, They have their monetary pride. well see for the next day if they will release an statement about this.

[Kakmakr]

The Chinese government is faced with a huge choice. If they ban Bitcoin & Crypto currencies, they might gain control over the capital flight that is supposedly going on in their country. They are very paranoid, so they over react when they are faced with these problems.

On the other hand, they will have to sacrifice their dominance over the whole Bitcoin mining scene and lose potential tax income, generated from the mining farms. < they will have to close down the mining farms or move their operations >

I think they are going to opt for very strict Crypto currency regulations to control capital flight.

[serjent05]

I think once all the rules and regulation policy is pollished, I think China will reopen Bitcoin exchange service to those company that will comply with the rule.  I never believe that china had shutdown its door to cryptocurrency, they are just fixing stuff so that their citizen will not be exploited by fraud ICOs and scam exchanger that can close whenever they choose to.

[Kingofbitcoin12345]

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

The title is misleading,, the fact is bitcoin is not banned in china.. ICO banning and exchanges closure is part of the regulation that China is facing than makes a flack in bitcoin community and are we not tired talking about them?? even we’re seeing big increases this days.. They’re now not relevant to any happenings to bitcoin and its is much good..

[oegarod]

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

The title is misleading,, the fact is bitcoin is not banned in china.. ICO banning and exchanges closure is part of the regulation that China is facing than makes a flack in bitcoin community and are we not tired talking about them?? even we’re seeing big increases this days.. They’re now not relevant to any happenings to bitcoin and its is much good..

Yes, there is nothing as a ban initiated by the government of China. All that happens is a form of inspection to have a regulated usage. In my thinking, if government has banned bitcoin now we could have not got such a growth that we're experiencing at present.

[stompix]

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

The title is misleading,, the fact is bitcoin is not banned in china.. ICO banning and exchanges closure is part of the regulation that China is facing than makes a flack in bitcoin community and are we not tired talking about them?? even we’re seeing big increases this days.. They’re now not relevant to any happenings to bitcoin and its is much good..

The title is misleading because China doesn't plan to start a band or plan a band or play in a band.

But talking about the "ban" , I sure hope all the communist party , all the members will gather in Tiananmen square and while holding hands will shout "we have banned bitcoin for 10000 trilion years".

And from that moment we will have peace and we will stop with the rumors.
Nobody will give a damn about the monthly bans China is doing, nobody will give a damn about their fake exchanges their fake transactions and everything that comes from China and is most likely 99% fake.

We don't need China, there is no need for any country that controls and tries to manipulate its own currency there is no need for countries that build great firewalls to manipulate and keep their lies safe.

Bitcoin is doing great without China, bitcoin will do great without Russia or NK.

The money that pump the coins right now are coming from the western world, where there are money, there is knowledge and most important freedom and legislation, where you have rights and you are able to fight for them.

[Indrawan77]

I dont think china will banned bitcoin, and wont lift any of the banned, China will set regulation for the exchanger, I think there are no manipulating news, China really serious want to set regulation and want to try to control crypto currencies, but I think the government is testing us, the government want to know by banning the exchanger what will be the effect to the bitcoin

[cynical]

As others have said china likes to control its country eventhough over the last number of years it has opened up because of its global trading strength. There are other sites which are still blocked from google to facebook and many other news and social media sites so i cannot see the bitcoin ban being lifted because china is still controling its people

[BunnyShibe]

I dont think china will banned bitcoin, and wont lift any of the banned, China will set regulation for the exchanger, I think there are no manipulating news, China really serious want to set regulation and want to try to control crypto currencies, but I think the government is testing us, the government want to know by banning the exchanger what will be the effect to the bitcoin

China is not going to ban bitcoin, as most of the miner are from China. I am sure that they may be doing some calculation or may have some other reason that they are banning ICOs, but I think that this bane may be not permanent and they will surely release bane from ICOs and other crypto trading after some time. Because in modern time we all are going to depend mostly on crypto currencies.

[niisarearning]

I posted long before China will regret for its decision finally they only be the losers. Recently Russian rumour also happened no body bothered to concentrate on that silently that is vanishing.

[deadsilent]

Enough with that China ban drama. Im sick and tired of all their nonsense. China don't have the power over bitcoin anymore. No wonder why Japan surpassed China from the being the biggest cryptocurrency market in the world. I don't care about China's action against. Ban bitcoin if they want. Japan is right behind them to take over. But in my opinion, China will not going to ban bitcoin or even mining there. I always seeing China is going to ban cryptocurrency. I forget how many times they said that. But it didn't happen. They are manipulating bitcoin. And gullible people buy their drama.

[krauzzer02]

Expected from a country who wants to monopolize everything that includes the cryptocurrency over bitcoin. We are all sick of the games of the china of the banning, they can ban bitcoin as long as they want, they are not bitcoins oxygen tank just to survive to the market, bitcoin is owned by us not the Chinese government who relay a scripted drama over the community.

[fiulpro]

  Hey
I would like to point out certain points :-

1. China was looking forward to controlling the money outflow , and there had been rumors that they were going to introduce a new cryptocurrency, I know nothing about how true the rumors are but suddenly banning all ICO'S and Bitcoin possession did... Take a toll on the price of the Bitcoin in the market.

2. China what it wants what it doesn't shouldn't be of our concern since, bitcoins recovered from its ban and also they are now stronger than before thus I doubt if China is needed anymore for the regulation of money and crowd.

3. The recent declaration of war between US and North Korea, China is playing a major part thus if they are going to do something I doubt if it will be done anytime soon.

4. Bitcoins are now gaining power and command over many countries and I think they will be accepted as a global currency soon thus China will anyways will remove the ban if they don't want to be left behind.

[aoluain]

Hey
I would like to point out certain points :-

1. China was looking forward to controlling the money outflow , and there had been rumors that they were going to introduce a new cryptocurrency, I know nothing about how true the rumors are but suddenly banning all ICO'S and Bitcoin possession did... Take a toll on the price of the Bitcoin in the market.

2. China what it wants what it doesn't shouldn't be of our concern since, bitcoins recovered from its ban and also they are now stronger than before thus I doubt if China is needed anymore for the regulation of money and crowd.

3. The recent declaration of war between US and North Korea, China is playing a major part thus if they are going to do something I doubt if it will be done anytime soon.

4. Bitcoins are now gaining power and command over many countries and I think they will be accepted as a global currency soon thus China will anyways will remove the ban if they don't want to be left behind.

I was of the thinking that bitcoin ban in china
Was only temporary but i am seeing a lot of
reasons as to why i might change my opinion.

China has nothing to gain from allowing its citizens
To use bitcoin. Why would china be left behind?
No country has yet to 'legalise' bitcoin and erase
Their own fiat currency.

China is still banning their citizens from accessing
Everyday websites, websites we in the west take for
Granted, why now would they allow their citizens to
Be involved in something they cannot really regulate
Or control. Because bitcoin is web based they instead
Just ban it.

[audrey12]

I'll be not surprised if China will change their decision and will adopt the digital currency maybe after the pump that is happening now in the price of bitcoin China will no longer ban bitcoin, anyway whether they banned bitcoin or not it will not matter bitcoin will continue to grow and more country will accept it and adopt it.

[gabmen]

China has a very proud, stubborn and power hungry governement so i.don't think we'll likely see a reversal soon unless they find a way to regulate bitcoin and crypto trading. They're anxious over things that are not completely under their control