China calling for a wider ban on Crypto currency trading ?

[richardsNY]

I hope this will be a temporary ban or the crypto field will face struggling in the future.

China doesn't ban something temporarily. If they end up banning something, and especially when it comes to how much of a threat it is, it is a permanent ban. China is a huge market, but we shouldn't continue to focus on a non contributing factor anymore. Nowadays the growth is more distributed than ever before, and that's exactly what we should aim for. At the end of the day, we'll get that growth anyway. People have said that if Chinese exchanges were forced to shut down, this entire market would no longer be able to grow, but just look at where we stand right now. Even with how we have seen the price go down in the short term, we're still +1000% up compared to what the price was last year in January.

[anushkasachith888]

I hope this will be a temporary ban or the crypto field will face struggling in the future.

China doesn't ban something temporarily. If they end up banning something, and especially when it comes to how much of a threat it is, it is a permanent ban. China is a huge market, but we shouldn't continue to focus on a non contributing factor anymore. Nowadays the growth is more distributed than ever before, and that's exactly what we should aim for. At the end of the day, we'll get that growth anyway. People have said that if Chinese exchanges were forced to shut down, this entire market would no longer be able to grow, but just look at where we stand right now. Even with how we have seen the price go down in the short term, we're still +1000% up compared to what the price was last year in January.

China doesn't ban something temporarily, your words, Yeah that makes sense. your point is, even though china banned Crypto trading Crypto market will not collapse even though China is a big market. is it just like even though FB prefers big china market but still faceook successfully continues without china?

[azeroshop]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Shame on China. Why they're always close their mind?

[sunshinelius]

I think Goverment naturally don't like decentralized thing, like Bitcoin.  but decentrallization will be the trend in coming years, right?  if the answer yes in your mind,  just ignore such news.  Bitcoin has proved its value in past years with overcoming difficulties.

[audaciousbeing]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

After banning domestic cryptocurrency exchanges now they also want to ban exchanges from outside their country? so how do they implement that if people from their country can just use virtual private network to access those blocked websites, remember that facebook and google are banned in china but there are still ways to access that. I doubt that can stop people from accessing those exchanges. China have to accept the fact that they cannot stop cryptocurrency. Btw as of now south korea still didn't shutdown all exchanges on their territory, it is still a proposed ban. Read this https://www.cnbc.com/2018/01/15/south-korea-to-decide-what-to-do-about-crypto-exchanges-after-talks.html

That is what every thing will still resort to but what is surprising to me is that a lot of other countries that are banning bitcoin following China's footstep without even considering their own economic needs or whether the potentials that bitcoin will bring in terms of revenue generation in form of taxes and most importantly whether they have have the technological and human capital to enforce the rule of ban. In some countries today, its a criminal offence to take alcohol, to visit the brothel, to gamble, to eat some pork, to watch porn, engage in the use of weed and concaine etc but with all of those, there are multi billion dollars companies running underground and this is the point where they are pushing bitcoin to eventually.

[anushkasachith888]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Shame on China. Why they're always close their mind?

I think they are afraid their money flowing away from their country. It may be unnecessary fear,but I don't know, I think we got a 'wait and see' situation here,

[Mevz]

What exactly is wrong with China and Korea government? Do they really enjoy manipulating their citizens rights and people around them? They should just go ahead and ban it all! That's the worst they can do, at least we have been hearing this same stories every now and then, with no action. Even if South Korea government shut down exchanges , their citizens that wants to trade on Cryptos will still do it, this is the new age, anything can happen.

In short, Bitcoin users from china or korea will still against wih their shit governments. Many of them will travel outside their country just to be stick on crypto, their government can never stop them because cryptocurrency is part of their needs to live.

[yojodojo21]

In conclusion to this issue, it is very impossible to shutdown the crypto industry wherever it is specifically in China or Korea, in major cities like beijing China and Seoul korea, it might happen to be banned or dispose the idea of crypto. But, always to remember every country has different ip addresses and internet connection, so, transactions from underground and mainstream is unstoppable especially crypto currency in other words money. Everybody wants money and crypto is a huge source of money.

[reliable]

What exactly is wrong with China and Korea government? Do they really enjoy manipulating their citizens rights and people around them? They should just go ahead and ban it all! That's the worst they can do, at least we have been hearing this same stories every now and then, with no action. Even if South Korea government shut down exchanges , their citizens that wants to trade on Cryptos will still do it, this is the new age, anything can happen.

In short, Bitcoin users from china or korea will still against wih their shit governments. Many of them will travel outside their country just to be stick on crypto, their government can never stop them because cryptocurrency is part of their needs to live.

Any country which will be banning only people who are involved in this cypto currency will be against it. As other may not be much affected because they were never a part of it. But for those who saw that it could help them to earn something or for many it is  now becoming a full time work will gets hamper and will not like their government.

[anushkasachith888]

In conclusion to this issue, it is very impossible to shutdown the crypto industry wherever it is specifically in China or Korea, in major cities like beijing China and Seoul korea, it might happen to be banned or dispose the idea of crypto. But, always to remember every country has different ip addresses and internet connection, so, transactions from underground and mainstream is unstoppable especially crypto currency in other words money. Everybody wants money and crypto is a huge source of money.

But IT experts can track you , can't they?

[ocid]

I hope this will be a temporary ban or the crypto field will face struggling in the future.

China doesn't ban something temporarily. If they end up banning something, and especially when it comes to how much of a threat it is, it is a permanent ban. China is a huge market, but we shouldn't continue to focus on a non contributing factor anymore. Nowadays the growth is more distributed than ever before, and that's exactly what we should aim for. At the end of the day, we'll get that growth anyway. People have said that if Chinese exchanges were forced to shut down, this entire market would no longer be able to grow, but just look at where we stand right now. Even with how we have seen the price go down in the short term, we're still +1000% up compared to what the price was last year in January.

I think china is not the only biggest market in crypto trading, although there are other countries that have the biggest market other than china, indeed the impact of influence from china can affect the market price. the Chinese decision forbids its inhabitants from trading on cryptocurrency because the type of cryptocurrency trade has a very big risk, which china prohibits the trading of cryptocurrency to minimize the risk of market trading.

[anushkasachith888]

I hope this will be a temporary ban or the crypto field will face struggling in the future.

China doesn't ban something temporarily. If they end up banning something, and especially when it comes to how much of a threat it is, it is a permanent ban. China is a huge market, but we shouldn't continue to focus on a non contributing factor anymore. Nowadays the growth is more distributed than ever before, and that's exactly what we should aim for. At the end of the day, we'll get that growth anyway. People have said that if Chinese exchanges were forced to shut down, this entire market would no longer be able to grow, but just look at where we stand right now. Even with how we have seen the price go down in the short term, we're still +1000% up compared to what the price was last year in January.

I think china is not the only biggest market in crypto trading, although there are other countries that have the biggest market other than china, indeed the impact of influence from china can affect the market price. the Chinese decision forbids its inhabitants from trading on cryptocurrency because the type of cryptocurrency trade has a very big risk, which china prohibits the trading of cryptocurrency to minimize the risk of market trading.

Yes I too think in that way. But one question, you said China prohibits the crypto trading to minmize crypto trading risk.  When you banned crypto trading how it becomes risk minimizing ? because you totally out of trading and there is no risk at all.

[BlockTechnology]

What exactly is wrong with China and Korea government? Do they really enjoy manipulating their citizens rights and people around them? They should just go ahead and ban it all! That's the worst they can do, at least we have been hearing this same stories every now and then, with no action. Even if South Korea government shut down exchanges , their citizens that wants to trade on Cryptos will still do it, this is the new age, anything can happen.

In short, Bitcoin users from china or korea will still against wih their shit governments. Many of them will travel outside their country just to be stick on crypto, their government can never stop them because cryptocurrency is part of their needs to live.

Any country which will be banning only people who are involved in this cypto currency will be against it. As other may not be much affected because they were never a part of it. But for those who saw that it could help them to earn something or for many it is  now becoming a full time work will gets hamper and will not like their government.

Yes, and crypto-currencies have many detours even when regulated by the countries

[BTC-BTC-BTC]

China is getting smaller and smaller on the cryto currencies market shares. I don't think there is anymore exchange in China and they all use exchanges out the country with vpn. Don't think any country will be able to stop cryto currencies maybe just slow it down a little bit.

[spyerf]

Do not worry, it's just a temporary situation, they can not ban bitcoin all over the world
Most of people are panicking and are selling their bitcoins, but i think that is not a good idea, this up & down is normal in crypto markets.

It's true ... but the news is bad news, and the news also affects many bitcoin investors and users, this makes bitcoin price changes go down, but some real traders and investors consider this a good opportunity to invest the money.

[AdamRay]

I hope this will be a temporary ban or the crypto field will face struggling in the future.

China doesn't ban something temporarily. If they end up banning something, and especially when it comes to how much of a threat it is, it is a permanent ban. China is a huge market, but we shouldn't continue to focus on a non contributing factor anymore. Nowadays the growth is more distributed than ever before, and that's exactly what we should aim for. At the end of the day, we'll get that growth anyway. People have said that if Chinese exchanges were forced to shut down, this entire market would no longer be able to grow, but just look at where we stand right now. Even with how we have seen the price go down in the short term, we're still +1000% up compared to what the price was last year in January.

I think china is not the only biggest market in crypto trading, although there are other countries that have the biggest market other than china, indeed the impact of influence from china can affect the market price. the Chinese decision forbids its inhabitants from trading on cryptocurrency because the type of cryptocurrency trade has a very big risk, which china prohibits the trading of cryptocurrency to minimize the risk of market trading.

Yes I too think in that way. But one question, you said China prohibits the crypto trading to minmize crypto trading risk.  When you banned crypto trading how it becomes risk minimizing ? because you totally out of trading and there is no risk at all.

China is moving aggressively towards the cryptocurrency market. This has made the market go down in the last few days, and bitcoin is one of the most affected coin because bitcoin is the most heavily held by Chinese investors. But surely those smart investors will know how to keep their assets.

[ricardobs]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

[anushkasachith888]

I hope this will be a temporary ban or the crypto field will face struggling in the future.

China doesn't ban something temporarily. If they end up banning something, and especially when it comes to how much of a threat it is, it is a permanent ban. China is a huge market, but we shouldn't continue to focus on a non contributing factor anymore. Nowadays the growth is more distributed than ever before, and that's exactly what we should aim for. At the end of the day, we'll get that growth anyway. People have said that if Chinese exchanges were forced to shut down, this entire market would no longer be able to grow, but just look at where we stand right now. Even with how we have seen the price go down in the short term, we're still +1000% up compared to what the price was last year in January.

I think china is not the only biggest market in crypto trading, although there are other countries that have the biggest market other than china, indeed the impact of influence from china can affect the market price. the Chinese decision forbids its inhabitants from trading on cryptocurrency because the type of cryptocurrency trade has a very big risk, which china prohibits the trading of cryptocurrency to minimize the risk of market trading.

Yes I too think in that way. But one question, you said China prohibits the crypto trading to minmize crypto trading risk.  When you banned crypto trading how it becomes risk minimizing ? because you totally out of trading and there is no risk at all.

China is moving aggressively towards the cryptocurrency market. This has made the market go down in the last few days, and bitcoin is one of the most affected coin because bitcoin is the most heavily held by Chinese investors. But surely those smart investors will know how to keep their assets.

Interesting.. that's what I want to know too. How will they keep their assets ? shouldn't we be in a hurry to talk about it right now?

[Rooster101]

Gambling occasionally will not turn you into gambling addict but if you began playing seriously and your visit to gambling sites increases as the day passes on, you are becoming hooked into gambling. As you gamble, your need to get more money increases also and greed began to rule your mind. If you follow your greediness in gambling, you will eventually addicted to it. Everyone can become addicted to gambling whether you are young or old and any forms of betting that involved money can make you addicted.

[bbjay]

Very bad news for bitcoiner all over the world but one thing for sure is that bitcoin will continue to exist and the trading /investment will continue irrespective of any ban move in China. I also believed that even Chinese that are involve in international business will continue to use bitcoin for an international assignment.