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dicom
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Activity: 123
Merit: 12
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January 20, 2018, 04:29:16 AM |
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First of all, bitcoin is safe, if you keep your private key properly. Secondly, bitcoin's anonymity makes it have a large user base, so the value of bitcoin is the source and everyone's approval, which also marks that bitcoin is almost impossible to disappear。China is only part of the bitcoin user population, bitcoin does not belong to China, bitcoin belongs to the world |
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Rakabel619
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January 21, 2018, 06:24:01 PM |
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Hello. what has happened to China? what decisions have they made on bitcoin? I saw that bitcoin grew very much. did they accept the bitcoin in the end?
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reflector
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January 21, 2018, 06:33:53 PM |
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Hello. what has happened to China? what decisions have they made on bitcoin? I saw that bitcoin grew very much. did they accept the bitcoin in the end?
Nope bro as of now. Those shit mind Chinese government ignore the bitcoin trading. You may aware of BTCC trading site demolishing right. Still they are doing like same all the time as of now. I wish forum moderators and all the crypto sites should ban the IP hit from China. You can find the China do not want any world market like Youtube or Google or anything. This is the same thing they have done to crypto currency. If the crypto community made the IP ban for Chinese only they can understand screwing what they do for the whole world. |
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Best80
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Activity: 66
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January 21, 2018, 06:40:16 PM |
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You shouldn't be panic with the news, there's no way a government can control btc (crypto? .... It just a matter of time, everything gonna get be fine with crypto
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avikz
Legendary
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Activity: 3122
Merit: 1509
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January 21, 2018, 06:59:37 PM |
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China and South Korea, both countries were giving such indications since last few weeks. Even though nothing has been materialized yet, but we need to be mentally prepared for this thing. If they starts cracking down the mining operations, then we will see a huge impact on the bitcoin network and millions of transactions will be queued up again pushing the network fees to the highest possible extent. But that situation will be temporary. It will filter out a large chunk of Asian users from the bitcoin market. Probably that is the reason why the bitcoin market is not going beyond 13 k. But I am sure, if it happens, market will initially see a major impact on bitcoin price, but it will be recovered soon enough. So long term users can maintain their positions and also try to buy at a lower price to average out the investment price. |
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iwishicouldfly
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Activity: 51
Merit: 0
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January 21, 2018, 07:02:52 PM |
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You shouldn't be panic with the news, there's no way a government can control btc (crypto? .... It just a matter of time, everything gonna get be fine with crypto
You have no idea the level of control the Chinese government is able to exert. It's quite scary. It'll never completely stop BTC but it's effectively eradicated a large % of the population ever using it. I don't hear many good things about it coming from the Chinese. |
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benalexis12
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January 21, 2018, 07:05:38 PM |
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I think they have the Philosophy before that they can't hold bitcoin that much but they are not against about blockchain so they have the rule or idea to create new token using their platform.
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derago21
Member
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Activity: 350
Merit: 12
Crypto Enthusiast!
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January 21, 2018, 07:08:11 PM |
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China and South Korea, both countries were giving such indications since last few weeks. Even though nothing has been materialized yet, but we need to be mentally prepared for this thing. If they starts cracking down the mining operations, then we will see a huge impact on the bitcoin network and millions of transactions will be queued up again pushing the network fees to the highest possible extent. But that situation will be temporary. It will filter out a large chunk of Asian users from the bitcoin market. Probably that is the reason why the bitcoin market is not going beyond 13 k. But I am sure, if it happens, market will initially see a major impact on bitcoin price, but it will be recovered soon enough. So long term users can maintain their positions and also try to buy at a lower price to average out the investment price.
I agree with you, long-term traders will definitely use this opportunity to buy the coins on their ATL and then after 3 months, sell it during the ATH making bigger profits. Most of the newbies will most probably end up doing a panic sell at this point without understanding the logic behind Crypto. |
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fiulpro
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January 21, 2018, 07:11:39 PM |
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Instead of thinking about all this we could actually look for solution to make it recover .. well bitcoins are not acceptable in the eyes of law in many countries but that doesn't mean that it will die down if the biggest markets stopped supporting it.
Whatever will happen will be transient and soon enough the Bitcoins price will recover, one cannot see it dying with just that move, it's .. something that is gaining support world wide thus we can have a little bit trust here.
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Mike Mayor
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January 21, 2018, 08:14:57 PM |
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People please realize china is a communist country and as such should never be taken seriously. This is just shit news. You can't crack down on things like this. Where there is a lot of money there is alot of power protecting that money. Besides think of it as a good thing. People always moan that China has a massive advantage and they can't compete well if the stop minig in China that is good for miners in outher parts of the word since china get the miners first and have cheap electricity while the rest of the world waits for the next shipment of miners.
A good trader sees the good in every situation no matter how bad.
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EinaiOraCoinDev
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January 21, 2018, 08:20:06 PM |
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People please realize china is a communist country and as such should never be taken seriously. This is just shit news. You can't crack down on things like this. Where there is a lot of money there is alot of power protecting that money. Besides think of it as a good thing.
China is crap, do you just realize it now? We always knew that, anyway, they one of the 1st potencies or the entire world, so yes, they are very powerful at the moment and they can do whatever they want. For me, it is good, but they are using their power in a very bad way.. |
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TimtheYoutuber
Full Member
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Activity: 1708
Merit: 125
www.positivebetting.com
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January 21, 2018, 08:25:27 PM |
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Positivebetting
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Tron
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January 21, 2018, 08:30:50 PM |
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Haven't they done this last year as well? It's like every time btc takes a deep they want to make it illegal.
If they keep doing this year by year is going to be hard for us to take them serious.
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johnlhy251
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Activity: 98
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January 21, 2018, 08:33:05 PM |
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We must support btc to make as a legal, so that other countries may also adopt this kind of financial aspect
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Tron
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January 21, 2018, 08:35:41 PM |
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We must support btc to make as a legal, so that other countries may also adopt this kind of financial aspect
Yes but first of all you cannot fight big brother and second of all as long as you have internet you can use it without a problem so you don't have to fight anyone because of it. |
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nick_nick
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January 21, 2018, 08:39:48 PM |
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The cracking down of Bitcoins in China and South Korea would definitely have some effects on Bitcoin market due to their population size, but I don't think it can completely ruin Bitcoin out of the system. This is because Bitcoin is a decentralised currency uncontrolled by any central government; however ban in some part of the world cannot affect the entire market |
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nanasei
Newbie
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Activity: 126
Merit: 0
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January 21, 2018, 08:45:21 PM |
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China and most east Asia countries are very tough when it comes to anti money laundering and drugs. Bitcoins and altcoins which gives room for people conceal their funds has attracted their attention so the recent crack down. until any improvement in anoymous nature of crypto, the government in these countries wont backed down.
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Roboabhishek
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January 21, 2018, 08:46:13 PM |
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You shouldn't be panic with the news, there's no way a government can control btc (crypto? .... It just a matter of time, everything gonna get be fine with crypto
This is not about panicking, it's about crypto mining and I don't do think that even if the government bans the mining. People who really wanna mine will either go to another country. Or maybe will keep doing it in the same place but illegally. |
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BitcoinMarshal
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January 21, 2018, 09:53:17 PM |
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We must support btc to make as a legal, so that other countries may also adopt this kind of financial aspect
This is not easy job as many countries have own policies and they want implement them without any problem and they can do any thing with force currently China factor is very important in this market just because of this many peoples taking these news very seriously |
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