China BANNED BITCOIN! This time for real!

[jamesc760]

China is out. India is out. That leaves only about a half of the world's population eligible for bitcoins. Bleak is the bitcoin's future.

[Mitchell]

Bullshit: http://www.reddit.com/r/Bitcoin/comments/21h70d/china_bitcoin_exchanges_huobi_said_they_have/

[zhangweiwu]

I think it is a good thing that China is out of the picture. Because every time there are rumors about China's view in bitcoin. The price of BTC moves aggressively up or down. Without China's involvement, btc will have a better future. 

Whenever something you don't like happens, you remove it from the picture, soon you end up a coterie.

[pungopete468]

The Bitcoin protocol is amazing, if China bans it then it will be their loss a decade from now.

Bitcoin doesn't need China, the US, the EUR, Bitcoin is like gold, use it or don't. It exists regardless...

If the governments of the world ban it then it will simply go underground.

[fonzie]

The Bitcoin protocol is amazing, if China bans it then it will be their loss a decade from now.

Bitcoin doesn't need China, the US, the EUR, Bitcoin is like gold, use it or don't. It exists regardless...

If the governments of the world ban it then it will simply go underground.

If it goes underground it will lose 95% of it´s value. That´s what people in the speculation forum care about.

[buzybit]

First they ignore you,
then they laugh at you,
then they fight you,
then you win.

adding: they ban you

+1

time to operate decentralized exchanges

centralized echanges are a time bomb for bitcoin...

unless banks get into the game to make profit from bitcoin they will crash it
banks cannot exist if they cannot make profit from people, and bitcoin is a way NOT to make profit from peoples money, so either they will find a way or fight it

there is a single point of failure and that is that the little hole to the btc is the bank and the exchange!
Tell me more ? hodling or not?

[bclcjunkie]

Yeah right so you suggest we make it part of us and get fucked over? No thanks.. you remove from the picture because its like gangrene thats just going to spread and kill you so yeah coterie or not bitcoin's survival is what matters to me.

I think it is a good thing that China is out of the picture. Because every time there are rumors about China's view in bitcoin. The price of BTC moves aggressively up or down. Without China's involvement, btc will have a better future. 

Whenever something you don't like happens, you remove it from the picture, soon you end up a coterie.

[Bit_Happy]

Bullshit: http://www.reddit.com/r/Bitcoin/comments/21h70d/china_bitcoin_exchanges_huobi_said_they_have/

This is the truth:
In this report, the reporter claimed he called a person in charge of Huobi and BTCTrade CEO, both denied they have received any notice from PBOC. Currently, they are doing business as usual.

[fonzie]

When people asked Mark K if everything is okay @ Gox, he always confirmed it.

[Bit_Happy]

If the last round of fake China rumors taught you nothing...
We will find out soon enough.

[pungopete468]

Well the next China ban on Bitcoin is scheduled for July: To those of you who expect a rally this summer; China is cancelling it! Next time they mean it!

[smoothie]

Bitcoin could care less...


Bitcoin > China

[favelle75]

China BANNED BITCOIN! This time for real!

Ahhh...so you DO admit that last time China didn't ACTUALLY ban BTC......

Progress.  As painful as it might be...

[akujin]

I don't believe these exchanges didn't know anything about the notice...  
If I were them, I would start a hype so I could sell my coins at a high price before withdrawing my cash... like adding LTC  

[BittBurger]

China has already "banned" bitcoin 3 times.

Why would actually banning it matter?   Bitcoin has already shown its resiliency in the face of such news.

-B-

[fonzie]

China has already "banned" bitcoin 3 times.

Why would actually banning it matter?   Bitcoin has already shown its resiliency in the face of such news.

-B-

Until now chinese money stayed in the Bitcoin game. If the chinese money vanishes, well u know what happens next.
Gox money gone, chinese money eventually gone. only 10 mio dollar left on Bitstamp, lol,

[Sawadekub]

u think the world only have chinese from china? LOL.. there are still eur.. SEA .. the rest of asia.. aus.. us.. south african.. each person just buy 0.0001 bitcoin still is above 500usd dude.. wake up!! do the maths!!

[zhangweiwu]

China has already "banned" bitcoin 3 times.

Why would actually banning it matter?   Bitcoin has already shown its resiliency in the face of such news.

Is this arrogance a sign of denial? The fact is, Bitcoin has already shown vulnerable in the fact of such news. Do you call dipping 35% resiliency? (Last time they banned online payment services to facility bitcoin trading, 18th Dec 2013, bitcoin dipped 35% in price.) It has been 4 months, and bitcoin never truly recovered from 18th Dec 2013's PBOC ban - do you call that resilience? (You may argue it would be recovered if without MtGox though). Ignoring the attitude of the biggest financial institute in the world look like denial to me.

Each time China 'ban' bitcoin, the market responses signal very clear message to PBOC (People's Bank of China) that they are the king, and they don't even care about the crown - many in China actually marvelled why this SINGLE entity that has the most financial assets of any single public finance institution in HISTORY should even bother to talk about Bitcoin. Me too, thinking the issue is too trivial for PBOC. PBOC can buy up the total market cap of bitcoin half a million times - you deserve 0.0002% of their attention. And there are people commenting that PBOC is too trivial for BITCOIN! If majority of the bitcoin holders are indeed so ignorant, I would not expect them actually to hold a bottomline: you can't rely on a child's promise, 'cos when they learn more they will change their mind.

PBOC revealing the possibility to ban or hinting so would cause market to respond according to its wish, and they don't even bother to have such a wish. PBOC have no interest on the market price of Bitcoin, only its existance.

And consider China's population and size, having China in the game or not is going to influnce bitcoin development and thus your speculative position. I am not saying China having a good or bad impact, only that ignoring China in whole is silly, childish, naïve.

Do you live in your own dream?

[Bit_Happy]

...
Do you live in your own dream?

I like my dream and you cannot take it from me.   

[semaforo]

    China can ban bitcoin for China, but not for Chinese- many of the Chinese millionaires move to the US anyway. If we see actual bans, which I think is unlikely, there will be indirect way to invest in it- for example, people will set up investment funds in places like Vanuatu, Cayman Islands, Liechtenstein, Switzerland, that trade in "assorted commodities" but actually have balance sheets with 80% digital currencies (not disclosed). They will then offer dividends and charge a small fee for the service of trading in financial markets in countries with bans in effect. Of course, a small fee when we are talking about the world of financial services is enough to maintain offices in 15 countries and pay for the owners yachts and vacation homes, or to buy a new library for their kids college to ensure an acceptance letter...

  The cat is definitely out of the bag- any gov. bans will be at most a momentary slowdown- the global nature of bitcoin means that it can only be stopped by global coordination.