China wants to ban bitcoin…again to create their own cryptocurrency exchange?

[rollingstorm45]

yes, and you can already guess what will happen
like the previous drama, the price will definitely bounce very high

[inyakizuryel]

The Chinese Government ban youtube then promote Youku, ban google then they create Baidu, ban facebook to promote weibo
and now, they block access to international cryptocurrency exchanges to create their own cryptocurrency exchange?

China to Block Access to International Cryptocurrency Exchanges - https://news.bitcoin.com/china-block-access-international-cryptocurrency-exchanges/

I really don't know the thinking of the chinese government, they want to create their own style of cryptocurrencies to help increase their income as Chinese people or government, I think they really want to rule the world especially when it comes to money, I am not against that way because everybody really wants money but for me that's being greedy and by that the population of Chinese people that are being banned from cryptocurrency will be a big factor in our industry that is why the market is in the red zone, it is one of the factors.

[skelethon]

Not surprised China wants to create a monopoly they can easily control, one of the reasons I don't like Ripple.

Of course, could all just be FUD, hopefully.

[auliahr]

the wind is blowing hard and bringing bad news all over the country.
to be honest I was sick of seeing and hearing news like this. whether it will make things worse or not, I do not care anymore.

you think, if a country closes and prohibits exchanges, who will get the biggest losses? its own citizens.

[rowel21]

What  do we expect they don't  honor for things they can't control or they won't gain something then if they implemented their own crypto sooner the other country will make there own it is the  end of world crypto
Or there will be a battle of its cryptos and it will be a huge pump and a possibilities  the price will rise in the level that we can't imagine



Theory you think

[Gogochen]

Yes, the Chinese government likes to do this because it can help local IT companies.
As they were driving out Google, so the search engine baidu to development, now they banned foreign encryption currency exchange, I think they just want to create their own exchange.

[matsusomoto]

The Chinese Government ban youtube then promote Youku, ban google then they create Baidu, ban facebook to promote weibo
and now, they block access to international cryptocurrency exchanges to create their own cryptocurrency exchange?

China to Block Access to International Cryptocurrency Exchanges - https://news.bitcoin.com/china-block-access-international-cryptocurrency-exchanges/

Theres nothing new about this news,you are just making another panic at the market,stop spreading FUD the market hasnt yet recovered and the total marketcap is still declining,do you want to end cryptocurrency's era?

[Onestepinhell]

Well, the Chinese are not all of Asia, let them do what they want, for me they simply will not be allowed to take everything in their own hands. There are other powerful states that will not simply give them everything to do.

[gorodi]

This is the way the Chinese Government's easy to guess.
After all, BTC will be go to 20.000$

China wants be make their country the richest one in the world, thus its government makes these steps. As for the price of Bitcoin, now we will not see its 20 thousand prices in the nearest several months. IMHO.

[cherryscarlett]

China is a corrupt country, and the country doesn't seem to have a democracy at the moment. They just want to put the money-making market in cryptocurrency markets into the government's hands.

[angjosh]

China is a corrupt country, and the country doesn't seem to have a democracy at the moment. They just want to put the money-making market in cryptocurrency markets into the government's hands.

So china has scrubbed all websites offering cryptocurrency trading services or advertising the digital currency market from search engines and social media in a bid to wipe out the trade. Really? They say they are doing this to "prevent financial risk"

[makishart]

The Chinese Government ban youtube then promote Youku, ban google then they create Baidu, ban facebook to promote weibo
and now, they block access to international cryptocurrency exchanges to create their own cryptocurrency exchange?

China to Block Access to International Cryptocurrency Exchanges - https://news.bitcoin.com/china-block-access-international-cryptocurrency-exchanges/

Theres nothing new about this news,you are just making another panic at the market,stop spreading FUD the market hasnt yet recovered and the total marketcap is still declining,do you want to end cryptocurrency's era?

China is trying to make and use their product rather than try to use other's product. Well said that China is always trying to copied or make a clone of the various thing and this already happened with multiple product and system. Just like the military system of rusia and us has been copied by china. And this time china is creating another fud to make crypto users scared to see that.

[spacedis]

China is just trying to manipulate the market prices to help themselves.

It's all games.

[linkybit]

In the future we'll also see the ban from different countries and after some time they'll lift the ban as cryptocurrency is the future and whether they launch their own or support well-established coin that's up to them.

[Haunebu]

China is just trying to manipulate the market prices to help themselves.

It's all games.

I agree with what you are saying completely. The Chinese governament are obviously trying to manipulate the crypto market and bitcoin in different ways to their own advantage which is why I feel that ignoring them is the best way to not let them succeed in their pursuits. Many major governments will keep trying to regulate the entire market in some manner or another, but this will obviously not affect Bitcoin in the long run which is why I advise everyone to ignore such FUD and HODL your coins for long term profits.

[deniskiely]

China... again , i am totally bored with china regulators , they have plans as always. They gonna collect the last usd of the world !

[burdagol12345]

The Chinese Government ban youtube then promote Youku, ban google then they create Baidu, ban facebook to promote weibo
and now, they block access to international cryptocurrency exchanges to create their own cryptocurrency exchange?

China to Block Access to International Cryptocurrency Exchanges - https://news.bitcoin.com/china-block-access-international-cryptocurrency-exchanges/

Actually china,didnt want that foreign country control into there economy that why they trying to manipulate everything in there own,just like happen now in crypto currency,they block all access of foreign exchange including trading and ICO investment,because they want to build of there own currency.the question if how about  we would not patronized also there product and  not recognize also there own cryptocurrency maked and we not accept that in all our trading exchange market,so that they will learned from there mistake.

[oddwh]

China always try to ban or restrict bitcoin when the price rises too much. This already happened in 2014 and finally, once their chinese investors got enough coins, their position changed. I've been always wondering if some chinese investors weren't in the governement and trying to make fud to buy lower 

Anyway, indeed, they could create their own exchange, but that couldn't protect them against decentralized exchanges that will progress in the next years.

[myhoho]

In loop for crypto exchanges will not benefit for china. They are the biggest bitcoin and miner exporter in the world.
So this will be a suicide for china. They need to export all crypto coins and miners. so i don' think they are building own exchange.

[MainIbem]

It will do everyone so much good if the Chinese will come out with a position on this issue once for all. This everyday intending to ban is utterly annoying. It is making the system restive.