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Topic: Bitcoin should BAN China (Read 3272 times)

member
Activity: 108
Merit: 10
June 01, 2014, 06:47:33 AM
#33
All the start-ups and wall street investors that are going to take this whole thing from "beta" to "1.0" are located in the US. Thanks China for pumping up the price but we can take it from here. So it's not like China don't need BTC, it's BTC don't need China
member
Activity: 200
Merit: 10
June 01, 2014, 03:55:28 AM
#32
Maybe now these words look like joke for someone but I'm sure in 10 years this statement of question will be normal
legendary
Activity: 3766
Merit: 1217
June 01, 2014, 03:06:32 AM
#31
I m wondering how it could be that Chinese government permits bitcoin users on their territory.

Governments cannot ban Bitcoin, because it is designed so. Nowadays everyone is smart enough to use VPNs and other anonymization stuff. The Chinese government can just whine about it, but that alone is not going to help.  Grin
newbie
Activity: 67
Merit: 0
June 01, 2014, 02:21:44 AM
#30
China and bitcoin, again, everyone is talking about it Sad
I m wondering how it could be that Chinese government permits bitcoin users on their territory.
newbie
Activity: 28
Merit: 0
March 31, 2014, 09:20:30 AM
#29
China temporarily not do anything, just some people manipulate others to sell bitcoins.
hero member
Activity: 602
Merit: 500
March 31, 2014, 09:03:43 AM
#28
all we would need to do is refusing selling when huobi sells. I know those guys on btc-e sit there staring on bitcoinwisdom huobi and okcoin and start dumping the same second they see it happen there. If that would stop just for a day the chines would very soon stop selling too. So not china needs to be banned. We need to ban idiots that look to china for guidance when to buy and when to sell. Not china controls the market right now but idiots who believe that would be the case when it really isn't and it is themselves.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
March 31, 2014, 08:56:07 AM
#27
I dont sure that its a good idea, China have a massive population that can help and raise the exchange rate of the currency at he future..

So you'd rather China control the price of bitcoin the way they are doing now? Government calls for ban, prices drop, retract ban, prices rise again?

China aren't controlling the prices.

True its the sheeple and mental traders who reacts to any chinese news who control the market. China farts and bitcoin price drops $50 .

Exactly.

Chinese like to publish rumors affect Bitcoin development, we can easily believe.

It's normally FUDsters that publish the rumours, not China.
newbie
Activity: 28
Merit: 0
March 31, 2014, 08:55:16 AM
#26
Do not publish this news, I've seen too much.
newbie
Activity: 28
Merit: 0
March 31, 2014, 08:51:30 AM
#25
I dont sure that its a good idea, China have a massive population that can help and raise the exchange rate of the currency at he future..

So you'd rather China control the price of bitcoin the way they are doing now? Government calls for ban, prices drop, retract ban, prices rise again?

China aren't controlling the prices.

True its the sheeple and mental traders who reacts to any chinese news who control the market. China farts and bitcoin price drops $50 .
legendary
Activity: 4396
Merit: 4755
March 31, 2014, 08:49:24 AM
#24
lol, tin foil hats  Grin any news or rumors from china always impacts bitcoin. You dont need  indepth research to know it effects the market.

maybe you should stop scratching your eggs instead  Grin

china released information that a reminder memo was sent in march to banks, reminding them of the deadline and rules mentioned in december.

it was actually euro and US media, Euro&US forum/reddit users, that misinterpreted the news, and spread the FUD. so dont blame china..
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
March 31, 2014, 08:43:27 AM
#23
I dont sure that its a good idea, China have a massive population that can help and raise the exchange rate of the currency at he future..

So you'd rather China control the price of bitcoin the way they are doing now? Government calls for ban, prices drop, retract ban, prices rise again?

China aren't controlling the prices.
newbie
Activity: 28
Merit: 0
March 31, 2014, 08:42:51 AM
#22
Chinese like to publish rumors affect Bitcoin development, we can easily believe.
sr. member
Activity: 266
Merit: 250
March 31, 2014, 08:40:21 AM
#21
I dont sure that its a good idea, China have a massive population that can help and raise the exchange rate of the currency at he future..

So you'd rather China control the price of bitcoin the way they are doing now? Government calls for ban, prices drop, retract ban, prices rise again?
newbie
Activity: 28
Merit: 0
March 31, 2014, 08:37:54 AM
#20
lol translation parody:

"FOOD SHOULD BAN HUMANS"  Grin Grin Grin

which is why humans dont eat lions.. lions fight back

as for this whole topic. why make another topic with the brainless beleif that china is banning citizens from trading bitcoins.

will anyone proposing to write another china ban topic, please atleast not listen to the misunderstandings from media and reddit fanboys. but to instead read the source document.

china does not want BANKS to invest in bitcoin for BANKS own investment portfolio. - unrelated to individuals using their accounts to buy bitcoin.
china wants exchanges to get licences in relation to the telecommunications regulations

no where does it say ban individuals bank accounts.. only BANKS cannot directly trade for their portfolio after april deadline. only UNLICENCED exchanges cannot trade after april deadline

the march update was an internal memo between china and BANKS to remind them of the deadline. no rules have changed since decembers anouncement. it was a REMINDER only. the april deadline was set in december.

will people please take off tin foil hats and research properly

lol, tin foil hats  Grin any news or rumors from china always impacts bitcoin. You dont need  indepth research to know it effects the market.

maybe you should stop scratching your eggs instead  Grin
newbie
Activity: 28
Merit: 0
March 31, 2014, 08:27:05 AM
#19
all we would need to do is refusing selling when huobi sells. I know those guys on btc-e sit there staring on bitcoinwisdom huobi and okcoin and start dumping the same second they see it happen there. If that would stop just for a day the chines would very soon stop selling too. So not china needs to be banned. We need to ban idiots that look to china for guidance when to buy and when to sell. Not china controls the market right now but idiots who believe that would be the case when it really isn't and it is themselves.
legendary
Activity: 4396
Merit: 4755
March 31, 2014, 08:19:45 AM
#18
lol translation parody:

"FOOD SHOULD BAN HUMANS"  Grin Grin Grin

which is why humans dont eat lions.. lions fight back

as for this whole topic. why make another topic with the brainless beleif that china is banning citizens from trading bitcoins.

will anyone proposing to write another china ban topic, please atleast not listen to the misunderstandings from media and reddit fanboys. but to instead read the source document.

china does not want BANKS to invest in bitcoin for BANKS own investment portfolio. - unrelated to individuals using their accounts to buy bitcoin.
china wants exchanges to get licences in relation to the telecommunications regulations

no where does it say ban individuals bank accounts.. only BANKS cannot directly trade for their portfolio after april deadline. only UNLICENCED exchanges cannot trade after april deadline

the march update was an internal memo between china and BANKS to remind them of the deadline. no rules have changed since decembers anouncement. it was a REMINDER only. the april deadline was set in december.

will people please take off tin foil hats and research properly
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
March 31, 2014, 08:15:44 AM
#17
I dont sure that its a good idea, China have a massive population that can help and raise the exchange rate of the currency at he future..

Did you see how they are manipulating price for just crying and whinning?

They didn't do anything. Panic sellers do the 'manipulating'.
newbie
Activity: 56
Merit: 0
March 31, 2014, 08:14:16 AM
#16
lol, tin foil hats  Grin any news or rumors from china always impacts bitcoin. You dont need  indepth research to know it effects the market.

maybe you should stop scratching your eggs instead  Grin

china released information that a reminder memo was sent in march to banks, reminding them of the deadline and rules mentioned in december.

it was actually euro and US media, Euro&US forum/reddit users, that misinterpreted the news, and spread the FUD. so dont blame china..
member
Activity: 62
Merit: 10
March 31, 2014, 08:04:19 AM
#15
I dont sure that its a good idea, China have a massive population that can help and raise the exchange rate of the currency at he future..

If I would pretend that I'm taking this seriously, I would say it's not about practicality. It's about the general vision. If somebody would seriously think that this can be put in practice should consider that this kind of move will result in the loss of many honest, well intended bitcoiners.
newbie
Activity: 28
Merit: 0
March 31, 2014, 07:51:46 AM
#14
china released information that a reminder memo was sent in march to banks, reminding them of the deadline and rules mentioned in december.

it was actually euro and US media, Euro&US forum/reddit users, that misinterpreted the news, and spread the FUD. so dont blame china..
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