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Topic: [2014-01-08] China’s top e-store bans trading of BTC and sales of BTC mining kit (Read 1243 times)

sr. member
Activity: 294
Merit: 250
Of course in the short term Taobao Banning TC has affected the price but BTC is growing all over the place now and mainly CCP regulating heavily the use of BTC is because they want to avoid money laundering and secondly my idea is that because China owns Trillions of US debt if too much of those dollars are traded into BTC it could impact that making those US bonds even more worthless.
hero member
Activity: 518
Merit: 500
What's next? Will China finally ban cryptography?

You'd need to ask the ruling committee on that one.
sr. member
Activity: 868
Merit: 250
What's next? Will China finally ban cryptography?
hero member
Activity: 518
Merit: 500
China's impact is minimal now. We have had long enough to digest the news that the Chinese government doesn't want crypto. Other factors will drive the price now, particularly adoption / regulation in the US
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
China’s top e-store bans trading of Bitcoin and sales of Bitcoin mining kit
http://kculshare.com/2014/01/chinas-top-e-store-bans-trading-of-bitcoin-and-sales-of-bitcoin-mining-kit

Is this the reason why the drop yesterday and today? Is China still have a big impact on the market?

think so yes.
hero member
Activity: 518
Merit: 500
They didn't banned it yet.

"a search for “bitcoin” brings up nearly 4,500 results, mostly for Bitcoin sales and trading. All that will disappear later this month once the ban is put into place. "

Jan 31st to be exact
hero member
Activity: 602
Merit: 500
Certainly doesn't help. But I think China has pretty much been discounted in full
so do I think
China does not affect BTC anymore that much
legendary
Activity: 1274
Merit: 1004
They didn't banned it yet.

"a search for “bitcoin” brings up nearly 4,500 results, mostly for Bitcoin sales and trading. All that will disappear later this month once the ban is put into place. "
legendary
Activity: 1190
Merit: 1001
So does that mean no more computer sales?  No more GPU sales?

Does it extend to USB hubs...power supplies etc..?
hero member
Activity: 784
Merit: 1000
I wish them great success trying to ban me from selling $500 postcards Tongue
legendary
Activity: 3766
Merit: 1217
Read somewhere that Taobao is owned by Alibaba. That explains everything.
hero member
Activity: 518
Merit: 500
Certainly doesn't help. But I think China has pretty much been discounted in full
member
Activity: 70
Merit: 10
China’s top e-store bans trading of Bitcoin and sales of Bitcoin mining kit
http://kculshare.com/2014/01/chinas-top-e-store-bans-trading-of-bitcoin-and-sales-of-bitcoin-mining-kit

Is this the reason why the drop yesterday and today? Is China still have a big impact on the market?
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