Do you think China will completely BAN bitcoin?

[arbitrage001]

The temporary ban with the deposit with exchange is to stop people from by passing the RMB control to move money out of country.


As soon as RMB is no longer a blocked currency. I do not think the Chinese government will care what currency/instrument/cryptocoin people use to settle trade.

[1714795117]

1714795117

[1714795117]

1714795117

[1714795117]

1714795117

[hulk]

Do you think China will completely BAN bitcoin?  

If yes, when ?
   No,    Why?

Yes, cause china government likes to control people, money, economy and everything else..

[redwhitenblue]

No. They do not have the ability to ban bitcoin.

They have attempted to censor the media and the internet however have not been successful.

It would be much more difficult to censor a particular payment method.

They may attempt to regulate it further.

[ganabb]

Yes, they can. Only financial institutions are barred from offering financial services related to bitcoin - like insurance or mortgages for now.

[Slingshot]

 Re: Do you think China will completely BAN bitcoin?

 I hope so.

 Ending communism is most vital and extremely important.

 Doing business with communists is immoral.

 The people of China have finally had a taste of freedom.


 Now it's up to them to demand no more dictatorship termed communism, but in essence is merely state-fascism.
If they ban Bitcoin then the people of China are one more step closer to freedom, but in a round about way.
In other words you figure it out...

 China's ruling party is just like The FED (The Federal Reserve System Inc.).
Both are dictators and rule through the use of tyranny, oppression, and exploitation, among other things.


 End The FED.
End Communism.

 Only then do we have a new game. Otherwise, nothing really changes for anyone. They will even decide who we vote for.
They will try to make us all believe we have a choice. How quaint.

NOT.


 Tear down the walls of Communism.

 Tear down The FED.

[Ron~Popeil]

I don't think they have the balls to try it. Open defiance by holders might inspire too many people.

[Trading]

Price increases make bitcoin even more popular, so if the price keeps going up, that can trigger a reaction from the Chinese Government.

I doubt they would ban bitcoin, that could be a fiasco and they would end bad in the picture. But they might decide to ban the chinese exchanges.

[knightcoin]

every time I see posts about China ban ... I think to my self that bears are running out of ideas ...

[Denise520]

No. Because Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

[Ron~Popeil]

No. Because Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

They could officially ban it but enforcement would be a lost cause.

[bitcon]

i thought they already did like 5 times

[chanz]

There's no way to completely ban bitcoin, even if they find one i mean come on we are talking about chinese people in here.

[KIRAZ]

They have already tried and failed, what else can they do now.

[Slingshot]

 It doesn't matter if China, Russia, Europe and the USA all attempt to ban Bitcoin. They will fail.
============================================================

 And after all, capital flight alone is going to push many wealthy hands in China, Russia, Europe and the USA straight into Bitcoin.

 Then toss in that Bitcoin is the strongest store of value ever created...(see below).

 Math+Science wins every single time.

 repeated for dummies & dense brains:
Math+Science wins every single time.

 repeated 1 last time for Bitcoin BEARS:
Math+Science wins every single time.

usd
https://bitcoinwisdom.com/markets/bitstamp/btcusd

cny
https://bitcoinwisdom.com/markets/huobi/btccny


 Bitcoin is the Strongest Store of Value ever created. That much is extremely self evident.

 But I don't care to explain it any further. Either one is bright enough to figure it out, or not.
And beating on dead horses or trying to convince anyone is an exercise in futility.
If their not dumb money they will figure out why I state what I did.

[Honeypot]

If they wanted to - they can try to choke it hard enough it would lose its appeal, regardless of the technologies involved.

No one may control the btc technology, but they sure as hell can control those using btc.

Weak link is all they need - and crypto ties to fiat is one of them.

[hodap]

They already stop bank deposit.

Pretty much same as banning.

[jeffstern]

"An invasion of armies can be resisted, but not an idea whose time has come." Victor Hugo.

The Chinese might have a big hammer, but what if the problem isn't a nail?

[DolanDuck]

The will ban completely bitcoins in few months maybe, but after some years they will change their mind and apologies for that.

[Trading]

Bitcoin is p2p, but everyone knows that a ban in a few important countries, with their exchanges being closed, would be a major step back for bitcoin.

That would spook major investors. The price of bitcoin would drop like a stone. Perhaps, that wouldn't kill it, but it would take years to recover.

[okthen]

I don't think they will.
If the rest of the world gets on board, it will just drive businesses away to ban it. Don't think they are that stupid.
Now, for sure they'll try to control it somehow...