|
|
|
|
|
|
|
The trust scores you see are subjective; they will change depending on who you have in your trust list. |
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
(Melania)
Newbie
 Offline
Activity: 29
Merit: 0
|
 |
January 16, 2018, 01:40:27 PM |
|
More dumping is on the way, embrace yourselves.
|
|
|
|
|
|
onnz423
|
|
January 16, 2018, 01:43:07 PM |
|
This is the same news that's been going around, note that China is thinking about implying heavy regulations, not necessarily an outright ban. Also, this still requires a vote from the commission, most of which probably have some holdings in BTC/Crypto so will be unwilling to shoot themselves in the foot. This will not collapse the crypto economy.
|
|
|
|
Snail2
Legendary
Offline
Activity: 1512
Merit: 1000
|
|
January 16, 2018, 01:46:15 PM |
|
As long as e.g. OpenBazaar or Waves are there, this isn't really an issue. How China planing to deal with P2P networks with embedded distributed exchanges  ? |
|
|
|
|
|
BitcoinHodler
|
|
January 16, 2018, 02:01:45 PM |
|
As long as e.g. OpenBazaar or Waves are there, this isn't really an issue. How China planing to deal with P2P networks with embedded distributed exchanges ? that is why volume on P2P exchanges such as localbitcoins goes to the moon each time there is a news like this. they can not do anything about anything that is decentralized. they were talking about bans in India too and while they were doing it price broke $10,000 in India while it was still struggling at $6000 in other exchanges. |
Holding Bitcoin More Every Day
|
|
|
W4terhouse
Member
Offline
Activity: 147
Merit: 21
|
|
January 16, 2018, 02:05:39 PM |
|
Probably they will also try to censore the web pages concerning bitcoins. There are a lot of possibilities for that. But i don´t understand what´s the purpose. If the regulate it, they can get taxes.
|
|
|
|
First77
Member
Offline
Activity: 266
Merit: 32
|
|
January 16, 2018, 02:14:43 PM |
|
Chinese government is encouraging investments in gold and silver  |
|
|
|
|
Michellekking
Newbie
Offline
Activity: 98
Merit: 0
|
|
January 16, 2018, 02:15:31 PM |
|
This is sad news. Today bitcoin and other COINS are falling because of this news. I don't know the truth of this news, but it really cost me a lot of money.
|
|
|
|
|
Eterbank
Member
Offline
Activity: 143
Merit: 10
|
|
January 16, 2018, 02:19:20 PM |
|
How many times does china needs to ban bitcoin to realise nobody cares about her.
|
|
|
|
bigmaster23
Full Member
Offline
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
|
|
January 16, 2018, 02:19:49 PM |
|
What a beautiful world to have if their's a money that can spend with no history of whom you are, Sad to hear that! waiting here with such a power that can reverse the said news! Pray to mother Bitcoin.
|
|
|
|
kalidos
Newbie
Offline
Activity: 44
Merit: 0
|
|
January 16, 2018, 02:30:54 PM |
|
korea , indonoesia , now china , who next want to see bitcoin blooding
|
|
|
|
|
|
Aura
|
|
January 16, 2018, 02:39:24 PM |
|
You expressly write China bans centralized exchanges, so can I conclude that decentralized exchanges are fine? In that case, this ban isn't that bad as it seems. I'm pretty sure that more decentralized exchanges will open, because the Chinese population seems to be one of the biggest participants in the crypto community.
|
|
|
|
|
|
Roboabhishek
|
|
January 16, 2018, 02:45:44 PM |
|
BTC won't stop growing even if China doesn't trade but it will decrease the speed of growth of this bitcoin since Chinese traders play a huge role of whale in trading. It will indirectly affect the price of bitcoin. But I don't think most of the Chinese will stop trading because of this. |
|
|
|
|
|
tyuner4
|
|
January 16, 2018, 03:05:06 PM |
|
China done this last year and coming back again to ban bitcoin, exchanges and mining? I don’t think there will be much impact since the exchanges, miners and etc can move to another country.
|
|
|
|
|
First77
Member
Offline
Activity: 266
Merit: 32
|
|
January 16, 2018, 03:07:22 PM |
|
korea , indonoesia , now china , who next want to see bitcoin blooding
India  |
|
|
|
|
|
argiyan.tri
|
|
January 16, 2018, 03:26:36 PM |
|
whatever is in the mind of the government, to the extent that they forbid the bitcoin / crypto what they do not want if the people are more modern and rich because of bitcoin / crypto.
|
|
|
|
|
|
Virman01
|
|
January 16, 2018, 03:29:58 PM |
|
for me this will not destroy the bitcoin world / crypto, because crypto market is not just in china only. there are still many other countries that are more advanced and play a role in the world of crypto.
|
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
January 16, 2018, 03:30:24 PM |
|
You expressly write China bans centralized exchanges, so can I conclude that decentralized exchanges are fine? In that case, this ban isn't that bad as it seems. I'm pretty sure that more decentralized exchanges will open, because the Chinese population seems to be one of the biggest participants in the crypto community.
China will ban all the exchange websites even from outside... So, if you live in China, you won't be able to trage with Gemini or any other exchanger. The miners are staring to close them their "business" too. Let's not forget that China owns aprox 80% from miners. |
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
January 16, 2018, 03:33:23 PM |
|
Now all we need is the end of Chinese mining and the most toxic player in Bitcoin history will be gone forever. I will dance on its poorly constructed grave. China has been nothing but a cancer on every aspect since minute one. I hope it never comes back in any capacity whatsoever. The miners are staring to close them their "business" too. Let's not forget that China owns aprox 80% from miners.
Sadly the same operators are migrating abroad so we won't be rid of them any time soon. |
|
|
|
|
|
KwizatzHaderach
|
|
January 16, 2018, 03:34:53 PM |
|
Chinese govt always wanted to have control on important things, should be a prelude to an announcement of a national cryptocurrency in the future.
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
January 16, 2018, 03:36:37 PM |
|
Now all we need is the end of Chinese mining and the most toxic player in Bitcoin history will be gone forever. I will dance on its poorly constructed grave. China has been nothing but a cancer on every aspect since minute one. I hope it never comes back in any capacity whatsoever.
good point and let's not forget Bitfinex is cancer too. Their Tether is a plague pandemic , a fraud which will collapse soon. |
|
|
|
|
BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1292
There is trouble abrewing
|
|
January 16, 2018, 03:39:09 PM |
|
awesome news. the sooner the better. the (blank) country banned bitcoin is starting to become the dumbest news that we read these days. every day we read about a new country. and it is sometimes so severe that the government makes an statement saying we never had any intentions of that sorts!!! and it needs to stop one way or another. preferably with them finally banning it for real not just talk about it so we can get on with our lives and give them the middle finger they deserve and continue using bitcoin. korea , indonoesia , now china , who next want to see bitcoin blooding
India at some point we are going to run out of country names that we can say "banned bitcoin". |
There is a FOMO brewing...
|
|
|
teejaymuna
Newbie
Offline
Activity: 238
Merit: 0
|
|
January 16, 2018, 03:41:56 PM |
|
Hidden transactions will still go on. I think the government cannot entirely ban BTC because people will still go ahead with trad actions. Inly that the price will be very high.
|
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
January 16, 2018, 03:42:28 PM |
|
good point and let's not forget Bitfinex is cancer too. Their Tether is a plague pandemic , a fraud which will collapse soon.
Yup. It's a great disappointment to me that Bitfinex hasn't been nuked from orbit. It's pretty much the final holdout from Bitcoin's seedy early phase. I only hope it has an orderly death. Its days are numbered whatever happens. |
|
|
|
|
Greenkarki
Member
Offline
Activity: 420
Merit: 19
|
|
January 16, 2018, 03:42:34 PM |
|
You expressly write China bans centralized exchanges, so can I conclude that decentralized exchanges are fine? In that case, this ban isn't that bad as it seems. I'm pretty sure that more decentralized exchanges will open, because the Chinese population seems to be one of the biggest participants in the crypto community.
China will ban all the exchange websites even from outside... So, if you live in China, you won't be able to trage with Gemini or any other exchanger. The miners are staring to close them their "business" too. Let's not forget that China owns aprox 80% from miners. This is something worst for miners plus traders. I am sure this would still affect the transaction fees? There will be so much traffic right plus transaction will be more delayed! Values have come down, transaction fees has gone worst, too much delays in transaction!!! Hope the situation should change. Heard news on Russia planning to open up mining with a huge investment? |
|
|
|
|
nioctiB#1
|
|
January 16, 2018, 03:58:13 PM |
|
This is funny. blocking domestic and foreign cryptocurreny exchange websites will not prevent people from china to buy and sell cryptocurrencies. people can just use services that offers vpn with it they can still acess those exchanges and how about over the counter or otc market how do they stop it if it is a decentralized market? china can never stop cryptocurrency just face it. |
|
|
|
|
nicko122
Jr. Member
Offline
Activity: 462
Merit: 1
|
|
January 16, 2018, 04:01:38 PM |
|
The Chinese government is only doing worse. People will look for ways to trade in crypto currency.
|
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
January 16, 2018, 04:04:20 PM |
|
This is funny. blocking domestic and foreign cryptocurreny exchange websites will not prevent people from china to buy and sell cryptocurrencies. people can just use services that offers vpn with it they can still acess those exchanges and how about over the counter or otc market how do they stop it if it is a decentralized market? china can never stop cryptocurrency just face it.
Correct, but expect them to go all out on VPNs too. They've been a constant thorn in their side. I'm sure the dedicated will continue to manage it somehow but VPNs may become a lot harder to obtain soon in China. They may be monolithic but they're no dummies. |
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
January 16, 2018, 04:32:23 PM |
|
This is funny. blocking domestic and foreign cryptocurreny exchange websites will not prevent people from china to buy and sell cryptocurrencies. people can just use services that offers vpn with it they can still acess those exchanges and how about over the counter or otc market how do they stop it if it is a decentralized market? china can never stop cryptocurrency just face it. it's hard to use VPN in China.Their firewall blocks many VPN services too. |
|
|
|
|
alphaomega.f
Member
Offline
Activity: 154
Merit: 11
|
|
January 16, 2018, 04:38:44 PM |
|
maybe this is one of the reasons of the drastic decrease of bitcoin's market cap today.
if they're going to ban bitcoin or if they really are decided that much to ban it, then that will be a long process.
|
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
January 16, 2018, 06:31:24 PM |
|
maybe this is one of the reasons of the drastic decrease of bitcoin's market cap today.
if they're going to ban bitcoin or if they really are decided that much to ban it, then that will be a long process.
why long process. they can declare from "today" . it's simple. |
|
|
|
|
FrenchCoffeezS
Newbie
Offline
Activity: 15
Merit: 0
|
|
January 16, 2018, 06:54:40 PM |
|
I dont think so maybe they will put another cryptocurrency only for china.
|
|
|
|
|
|
Bonsaiav
|
|
January 16, 2018, 07:01:38 PM |
|
Again and again the Chinese Government is acting. China banned its banks from handling transactions involving the Bitcoin virtual currency and this makes the market worse. To be honest, I was amazed by china, just imagine 'with just one hit' bitcoin prices dropped very sharply, and this can`t be denied because this is based on the fact that happened. However, They weren't only attacking bitcoin but also attacked hundreds of altcoin. This is obviously very sad for me, and now hundreds of altcoin into a sea of red. |
|
|
|
|
Yamifoud
|
|
January 16, 2018, 07:15:03 PM |
|
We know China is a one of the developing and powerful country, and of course they never wanted those things that they could never be controlled. The fact that China is throwing bitcoin away is that, they can't never have chances to take bitcoin's control and their interest with bitcoin couldn't be successful. And they think also that digital currencies are threat for their security.
|
|
|
|
Sskapollo7
Member
Offline
Activity: 63
Merit: 10
|
|
January 16, 2018, 07:15:17 PM |
|
China is showing no interests in Bitcoin as China recently banned some of the banks who have transaction related to virtual currency which leads to the price of Bitcoin which has an adverse effect on market I hope they may come into some solution  |
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
January 16, 2018, 07:29:44 PM |
|
Again and again the Chinese Government is acting. China banned its banks from handling transactions involving the Bitcoin virtual currency and this makes the market worse. To be honest, I was amazed by china, just imagine 'with just one hit' bitcoin prices dropped very sharply, and this can`t be denied because this is based on the fact that happened. However, They weren't only attacking bitcoin but also attacked hundreds of altcoin. This is obviously very sad for me, and now hundreds of altcoin into a sea of red. it's not an "attack". it's a normal procedure in their view. all the fake volumes, ICOs and many other shits brought this ban. |
|
|
|
|
knightmairesaint
Sr. Member
Offline
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
|
|
January 16, 2018, 07:45:01 PM |
|
Again and again the Chinese Government is acting. China banned its banks from handling transactions involving the Bitcoin virtual currency and this makes the market worse.
To be honest, I was amazed by china, just imagine 'with just one hit' bitcoin prices dropped very sharply, and this can`t be denied because this is based on the fact that happened. However, They weren't only attacking bitcoin but also attacked hundreds of altcoin. This is obviously very sad for me, and now hundreds of altcoin into a sea of red.
That is true. When China banned bitcoin, it had a huge effect on the price resulting into a huge dump and now it is happening again but with a different country. Bitcoin price is dropping again and I hope that it can recover from this the soonest it can. They surely have reasons for banning bitcoin and I also hope that this will be the last place who will fully reject bitcoin. |
|
|
|
almaroof
Newbie
Offline
Activity: 88
Merit: 0
|
|
January 16, 2018, 07:57:20 PM |
|
No Government or institution can stop Btc, they Can only slow down the pace of its growth.
Btc is the future!!!!!!
|
|
|
|
|
|
icanscript
|
|
January 16, 2018, 08:17:25 PM |
|
The world's leading manufacturer of equipment for bitcoin mining is the Chinese company Bitmain, located in Beijing . It produces about 70% of the bitcoin miners in the world. China Mein about two-thirds of Bitcoin and regularly rocking swing BTC rate
|
|
|
|
|
|
rainbow169
|
|
January 16, 2018, 08:31:19 PM |
|
Although not confirmed yet, but if the news is really true then, it is terrible for those new chinese investors who have been rushing into the market in the last few weeks to get ETH through P2P trading platform to use for ICO, and is now panicking to sell their position. But if you are aiming to get a 10x gain, you will have to accept a -50% risk.
For the progression of blockchain based crypto economy, I don't think there is anything that can stop it now. Bitcoin has proven again and again that it can't be controlled by government FUD. A balanced regulation framework is probably in the best interest of everyone for the long run.
We have survived Sept 4th crash, what's different now?
|
|
|
|
|
|
Gabb
|
|
January 16, 2018, 08:33:59 PM |
|
Well, I think this type of news has become so frequent, that sooner or later the bitcoin and the market in general will tend to develop an important resilience to this kind of threats, because although it is true that China is an important player in the the cryptocurrency issue, the market tends to grow so much globally that this type of news will increasingly tend to be more easily absorbed by a market increasingly eager to invest in cryptocurrencies.
|
|
|
|
|
alyssa85
Legendary
Offline
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
|
|
January 16, 2018, 08:50:29 PM |
|
Now all we need is the end of Chinese mining and the most toxic player in Bitcoin history will be gone forever. I will dance on its poorly constructed grave. China has been nothing but a cancer on every aspect since minute one. I hope it never comes back in any capacity whatsoever.
You might get your wish! See https://www.forbes.com/sites/sarahsu/2018/01/15/chinas-shutdown-of-bitcoin-miners-isnt-just-about-electricity/#216bb457369bChina’s government is planning to shut down Bitcoin miners in its latest crackdown on the cryptocurrency. The Leading Group of Internet Financial Risks Remediation has requested that local governments make an “orderly exit” from the industry. China produces the most Bitcoin in the world using Bitcoin mining , which involves an energy-intensive process of solving complex math problems to add transactions to the Blockchain, a public ledger. But the crackdown is about more than the high levels of energy required to mine Bitcoin.
China is planning to limit electricity to Bitcoin miners, and government bodies have expressed concern about energy usage. Bitcoin mining is estimated to use up to 4 gigawatts of electricity, equivalent to three nuclear reactors' production levels.
However, this move isn’t just about the electricity. In fact, it is telling that it was China's central bank that met on the issue of Bitcoin mining, underscoring the fact that the issue is not only, or even primarily, an energy issue. It’s about clamping down on perceived risks of the cryptocurrency, which regulators have associated with malicious acts like fraud and money laundering. Authorities have already cracked down on thousands of criminal cases associated with alternative cryptocurrencies, including Onecoin and Ticcoin. These cryptocurrencies were viewed as Ponzi schemes used to raise illicit funds. Later, officials shut down cryptocurrency exchanges and banned fundraising through initial coin offerings (ICOs). On Monday, it was reported that Chinese authorities would block cryptocurrency platforms that permit centralized trading. |
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
January 16, 2018, 08:52:47 PM |
|
You might get your wish! See
Well, as stated elsewhere it looks like the same suspects are taking their machines to other countries so we may well not be rid of the same characters. They still own all that mining grunt. Whether they'll get any power deals that remotely compare to anything China could offer is another matter. |
|
|
|
|
|
Tenderino
|
|
January 16, 2018, 08:58:21 PM |
|
It looks like the Chinese government want that people use bitcoin as money transfer like it was the original idea of it and does not enforce trading. But I have no idea how they will block foreign domains? I can reach almost every gambling website when using a VPN.
|
|
|
|
|
LuckyBtc
Legendary
Offline
Activity: 1288
Merit: 1011
|
|
January 16, 2018, 09:08:27 PM |
|
Is it a good thing? Banning centralized exchange. Decentralized exchange development and use will fasten up. We also got some decentralized VPN projects coming up.
|
|
|
|
|
Rath_
aka BitCryptex
Legendary
Offline
Activity: 1876
Merit: 3131
|
|
January 16, 2018, 09:09:51 PM |
|
I wouldn't be surprised if China was doing all this mess again in order to make people sell their BTC for a lower price. It would allow China to buy BTC really cheap and then they could announce that they are not going to forbid exchanging and using Bitcoin which would probably affect the price in the positive way. Why are you falling for it once again? Don't you think that most of the governments around the world started to take Bitcoin seriously as a potential threat?
|
|
|
|
|
letscoin
Newbie
Offline
Activity: 2
Merit: 0
|
|
January 16, 2018, 09:25:44 PM |
|
Bitcoin wont go anywhere.
And also the forbidden apple is the most delicious.
In china there is google and facebook also forbidden.
And in singapore there is chewing gum forbidden.
Is the western countries same stupid? I don't think so.
If some country else bans BTC it'll be some dictated or communist goverment.
|
|
|
|
|
Washball
Full Member
Offline
Activity: 266
Merit: 151
First crypto index traded as a token!
|
|
January 16, 2018, 09:57:45 PM |
|
China and Korea might ban or regulate crypto exchanges, but they should take a look at Japan. In Japan bitcoin is accepted by numerous companies. But also in the western world there are countries that want to regulate cryptocurrency. In Europe countries like France and Germany plan to have regulations regarding cryptocurrencies. So, decentralized currencies still have a long way to go.
|
|
|
|
Hedda Gabler
Member
Offline
Activity: 112
Merit: 12
|
|
January 16, 2018, 09:58:52 PM |
|
In china there is google and facebook also forbidden.
And in singapore there is chewing gum forbidden. This is what happens when fascist governments take over a country. |
|
|
|
|
|
gabmen
|
|
January 17, 2018, 08:15:07 AM |
|
China and Korea might ban or regulate crypto exchanges, but they should take a look at Japan. In Japan bitcoin is accepted by numerous companies. But also in the western world there are countries that want to regulate cryptocurrency. In Europe countries like France and Germany plan to have regulations regarding cryptocurrencies. So, decentralized currencies still have a long way to go.
Right. Bitcoin isn't just about china. And i doubt that other countries will have an effect on china's decision concerning cryptos. The chinese government think too highly of themselves to do this. Korea may be swayed but we've proven it already in the past that crypto and bitcoin doesn't need china |
Report to moderator . ██████████. .████████████████. .██████████████████████. -█████████████████████████████ .██████████████████████████████████. -█████████████████████████████████████████ -███████████████████████████████████████████████ .-█████████████████████████████████████████████████████. .████████████████████████████████████████████████████████████ .██████████████████████████████████████████████████████████████. .██████████████████████████████████████████████████████████████. ..███████████████████████████████ |
|
|
blinchain
Member
Offline
Activity: 112
Merit: 15
|
|
January 17, 2018, 08:19:41 AM |
|
This is not possible. China will only promulgate regulations to target bitcoin, but it is impossible to prohibit bitcoin. This is a different concept.
Bitcoin needs regulation, which is the consensus of all countries in the world. However, because of the poor regulation of the regulation, it was not announced.
Bitcoin has become an economic system in the world and can not be banned if the government wants to make money from it.
|
|
|
|
|
Advicerabi
Member
Offline
Activity: 210
Merit: 10
|
|
January 17, 2018, 08:32:46 AM |
|
This bad news has already caused price bitcoin's getting low and other cryptocurrency, but although china ban bitcoin in their country this is can not make bitcoin die. Now as the holder bitcoin and other cryptocurrency that we can do is wait and try not to panic.
|
|
|
|
|
boyeut
Newbie
Offline
Activity: 29
Merit: 0
|
|
January 17, 2018, 08:45:08 AM |
|
I think it is because they noticed that the value of bitcoin is getting higher than their paper money.
|
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
January 17, 2018, 09:09:57 AM |
|
I think it is because they noticed that the value of bitcoin is getting higher than their paper money.
i think they noticed that it's used for frauds, fake volumes to deceives clients, scams, ICOs(HYIPs) and many other shits. |
|
|
|
|
|
Scorpion
|
|
January 17, 2018, 09:14:04 AM |
|
There's too much money to be made and technology innovations to take advantage of to just abandon it all. I think China just want to make sure everything is done by the book and they get their tax. They're not going to let cryptocurrency completely take over without getting their cut.
|
|
|
|
tal golan
Newbie
Offline
Activity: 17
Merit: 0
|
|
January 17, 2018, 10:36:50 AM |
|
Yes, these is bad. This is why all the prices off the crypto world are going down. |
|
|
|
|
mOgliE
Legendary
Offline
Activity: 1344
Merit: 1251
|
|
January 17, 2018, 12:19:13 PM |
|
Indeed, there are trying to block btc..
Still, I highly doubt this can be enough. There are always other ways, other solutions... So maybe, it will slow down the number of exchanges but I don't think it will put an end to it.
And I guess that these are only "projects". So it should be voted before being implemented and again, I would say it is not that simple.
However, I must say that the mere fact that the Chinese government is dealing so adamantly with bitcoin must be taken seriously, as a warning sign.
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
February 05, 2018, 09:59:11 PM |
|
https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/  Per the statement, authorities are moving to "ban all crypto-related commercial business including banning and blocking both domestic and offshore cryptocurrency trading platform websites." "Once found, will be immediately shut down. The future depends on its development and does not rule out the possibility of unveiling further regulatory measures," the report further adds. The BTC will sink. It should be a normal move. China was a HUGE market.
|
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
February 05, 2018, 10:17:01 PM |
|
|
|
|
|
|
richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
|
|
February 05, 2018, 10:28:10 PM |
|
The BTC will sink. It should be a normal move. China was a HUGE market.
Will it sink as hard as your overall credibility on this forum has sunk throughout the last year? China's actions won't at all prevent people from buying and selling Bitcoin through alternative ways. It's not for nothing that after the PBOC sanctions, and especially the shutdown of exchanges there the local trading market has literally exploded in volume/usage. China can prevent people from accessing whatever exchange or service through the internet, but they can't do anything of significance against the peer to peer market, and that's something you seem to ignore, because you (as always) try to force through your own selfish troll and fud agenda, but people more and more know what you're up to. |
|
|
|
|
orka39
Member
Offline
Activity: 168
Merit: 47
|
|
February 05, 2018, 10:35:37 PM |
|
What is the meaning of the topic? For good? What is good from this situation? I could not find the good thing. This situation makes our altcoin and bitcoin value big correction. I dont mean just this issue that make that correction but other too. But at least i dont see good effect with this like in the topic. |
|
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
February 05, 2018, 11:13:16 PM |
|
The BTC will sink. It should be a normal move. China was a HUGE market.
Will it sink as hard as your overall credibility on this forum has sunk throughout the last year? China's actions won't at all prevent people from buying and selling Bitcoin through alternative ways. It's not for nothing that after the PBOC sanctions, and especially the shutdown of exchanges there the local trading market has literally exploded in volume/usage. China can prevent people from accessing whatever exchange or service through the internet, but they can't do anything of significance against the peer to peer market, and that's something you seem to ignore, because you (as always) try to force through your own selfish troll and fud agenda, but people more and more know what you're up to. "alternative ways" is not the same as mainstream. " peer to peer market" is almost zero as volume. you are just a "libertarian" who is screaming "HODL or to the MOOON", same as someone screamed bitconnecttttt. https://youtu.be/EhL2OWXZ26s?t=584 https://youtu.be/KTf5j9LDObk?t=65 |
|
|
|
|
|
adamantasaurus
|
|
February 07, 2018, 12:45:26 AM |
|
The BTC will sink. It should be a normal move. China was a HUGE market.
Will it sink as hard as your overall credibility on this forum has sunk throughout the last year? China's actions won't at all prevent people from buying and selling Bitcoin through alternative ways. It's not for nothing that after the PBOC sanctions, and especially the shutdown of exchanges there the local trading market has literally exploded in volume/usage. China can prevent people from accessing whatever exchange or service through the internet, but they can't do anything of significance against the peer to peer market, and that's something you seem to ignore, because you (as always) try to force through your own selfish troll and fud agenda, but people more and more know what you're up to. "alternative ways" is not the same as mainstream. " peer to peer market" is almost zero as volume. you are just a "libertarian" who is screaming "HODL or to the MOOON", same as someone screamed bitconnecttttt. https://youtu.be/EhL2OWXZ26s?t=584 https://youtu.be/KTf5j9LDObk?t=65Yea its not mainstream because most people don't know about p2p exchanges yet u boob, so that is why the trading volume is so low... smh as more regulations come more people will talk about p2p exchanges and hence they will become mainstream THINK!!! |
|
|
|
|
nazaididuan1
Jr. Member
Offline
Activity: 350
Merit: 1
|
|
February 07, 2018, 01:01:05 AM |
|
The Chinese government is now trying to ban trading!
But I personally think it's very difficult to completely forbid it!
The Chinese market is very large, so many Chinese investors will use VPN to break the blockade!
China's digital market is down, probably because of the Chinese New Year!
|
⮘Pre-ICO Start - 27.04.2018⮚ ⮘https://wbb.io/⮚
|
|
|
|
Vladv26
|
|
February 07, 2018, 01:15:22 AM |
|
We can already see that since China started to bann exchangers and also trading the price of bitcoin,and not only, because the whole market is going down but I dont think we should see this as the end of bitcoin or cryptocurrencies. Yes,China owns the most quantity of bitcoin and there are the most miners but they can anytime move to another country since mining will be profitable for miners. Slowly, other countries will have more miners and bitcoin will come back and the price will increase again.
|
|
|
|
oppochain
Member
Offline
Activity: 101
Merit: 12
|
|
February 07, 2018, 09:45:19 AM |
|
It seems to me that China has banned bitcoin for the purpose of publishing its own cryptocurrency, but I do not believe it. China has not yet reached such a powerful technology. I am more concerned that they are afraid that bitcoin trading will cause disorder in the economic market.
|
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
February 07, 2018, 05:29:32 PM |
|
It seems to me that China has banned bitcoin for the purpose of publishing its own cryptocurrency, but I do not believe it. China has not yet reached such a powerful technology. I am more concerned that they are afraid that bitcoin trading will cause disorder in the economic market.
afraid? are you joking? china GDP = 11 trillions USD per year  do you know what it means that? you need over 60 years to count this amount. BTC means nothing for China. They can spit on BTC and it's gone; same as USA. |
|
|
|
|
|
