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(Melania)
Newbie
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Activity: 29
Merit: 0
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January 16, 2018, 01:40:27 PM |
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More dumping is on the way, embrace yourselves.
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onnz423
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January 16, 2018, 01:43:07 PM |
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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.
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Snail2
Legendary
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Activity: 1512
Merit: 1000
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January 16, 2018, 01:46:15 PM |
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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  ? |
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BitcoinHodler
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January 16, 2018, 02:01:45 PM |
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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
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W4terhouse
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Activity: 147
Merit: 21
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January 16, 2018, 02:05:39 PM |
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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.
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First77
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Activity: 266
Merit: 32
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January 16, 2018, 02:14:43 PM |
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Chinese government is encouraging investments in gold and silver  |
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Michellekking
Newbie
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Activity: 98
Merit: 0
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January 16, 2018, 02:15:31 PM |
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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.
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Eterbank
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Activity: 143
Merit: 10
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January 16, 2018, 02:19:20 PM |
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How many times does china needs to ban bitcoin to realise nobody cares about her.
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bigmaster23
Full Member
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Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
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January 16, 2018, 02:19:49 PM |
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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.
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kalidos
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Activity: 44
Merit: 0
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January 16, 2018, 02:30:54 PM |
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korea , indonoesia , now china , who next want to see bitcoin blooding
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Aura
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January 16, 2018, 02:39:24 PM |
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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.
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Roboabhishek
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January 16, 2018, 02:45:44 PM |
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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. |
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tyuner4
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January 16, 2018, 03:05:06 PM |
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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.
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First77
Member
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Activity: 266
Merit: 32
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January 16, 2018, 03:07:22 PM |
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korea , indonoesia , now china , who next want to see bitcoin blooding
India  |
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argiyan.tri
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January 16, 2018, 03:26:36 PM |
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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.
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Virman01
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January 16, 2018, 03:29:58 PM |
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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.
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mayax (OP)
Legendary
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Activity: 1456
Merit: 1004
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January 16, 2018, 03:30:24 PM |
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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. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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January 16, 2018, 03:33:23 PM |
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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. |
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KwizatzHaderach
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January 16, 2018, 03:34:53 PM |
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Chinese govt always wanted to have control on important things, should be a prelude to an announcement of a national cryptocurrency in the future.
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