China banning bitcoin exchages, good or bad? - page 12.

gabmen

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Quote from: Sled on October 06, 2017, 08:47:40 AM

Quote from: NathanJB on October 06, 2017, 12:16:38 AM

That is bad for the value of bitcoin. We all have felt the effect on it to the market. Bitcoin and then almost all the altcoins went down when the news came that china will ban all ICOs and then looked at with negative interest to the exchanges right after that. But I think it would be better for bitcoin and altcoins to be staying away from the chinese.

You can really see in the markets of bitcoin and other altcoins that they are going up now and that is the proof that even the chinese people banned bitcoin exchanges, it doesn't actually fully affect the prices of the coins and that is why bitcoin is a good investment because even the big countries will left bitcoin, it can still stand by itself and proved that their decisions are wrong for dumping bitcoin from their country.

Right. People became nervous when it started and it even came at.the same time with jamie dimon's announcement. But as we all know now, one the tide settled, bitcoin recovered pretty well and is now on its way to retrieving its previous price at under 4.5k. China has lost its grip over users and it doesn't have that much effect anymore

Sled

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Quote from: NathanJB on October 06, 2017, 12:16:38 AM

That is bad for the value of bitcoin. We all have felt the effect on it to the market. Bitcoin and then almost all the altcoins went down when the news came that china will ban all ICOs and then looked at with negative interest to the exchanges right after that. But I think it would be better for bitcoin and altcoins to be staying away from the chinese.

You can really see in the markets of bitcoin and other altcoins that they are going up now and that is the proof that even the chinese people banned bitcoin exchanges, it doesn't actually fully affect the prices of the coins and that is why bitcoin is a good investment because even the big countries will left bitcoin, it can still stand by itself and proved that their decisions are wrong for dumping bitcoin from their country.

zzSunZZ

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Whether it's the Chinese, or the Koreans, or the Russians or us Americans is anybody's guess at this moment, but what it looks like for a few cryptocurrency players out there is that the Chinese have found a new way to get back into the game. China banned initial coin offerings and bitcoin exchanges in the first week of September. The ban caused a precipitous drop in cryptocurrency flows worldwide. China's ban is likely temporary. The U.S. and Japan are quickly moving to create rules that will help to legitimize cryptocurrencies by giving investors protections under existing securities laws. That will help companies raise capital through alternative methods, rather than via venture capital and the equity markets, potentially opening up a whole new financial market. Most crypto-currencies have recovered since China took a hammer to the two biggest names: bitcoin and ether. Bitcoin prices are over $4,000 again.

NathanJB

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That is bad for the value of bitcoin. We all have felt the effect on it to the market. Bitcoin and then almost all the altcoins went down when the news came that china will ban all ICOs and then looked at with negative interest to the exchanges right after that. But I think it would be better for bitcoin and altcoins to be staying away from the chinese.

Qunenin

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Quote from: sp01_cardo on September 28, 2017, 02:34:48 PM

Yes, after banning the local bitcoin exchange in china bring a big effect in the bitcoin world. China is the largset users of bitcoin and most of the traders and investors are from china. Now that they are out on bitcoin it lessens the number of investors and traders.

For me its a bad news. Since the Chines use crypto more than other and the number of bitcoin users in china is higher than other countries . But its not gonna effect on bitcoin neither its value in long term .The price of bitcoins were decreased a bit because of this news but its covered now.
The moral of the story is Not to panic on such news and trends and keep holding on, till the price recovers.

777Bitcoin

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I would not judge on the basis of what happened last week or the 2800$ dip in market price. Because I can’t point it alone to that issue, it is accumulative problem from Jaime Dimon, FUD and rumors about China.

I will stillgive them some time to prove to us that what they done or what they’ve planned is for the sake of bitcoin users and bitcoin as a whole.

I would be kind enough to observe and give feedback at the end of this year if the banning of ICO and closing exchanges by China has a good effect or a simple failure for them.

jamids

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As what we witnessed, it has affected bitcoin price in the short term because it did go down drastically because of its announcement not only the banning of local exchanges but from the moment there is a rumor about China banning the ICOs. Bitcoin then continue to go down because there are other people who ride the tide and said things that would make the people feel the fear, uncertainty and doubt to make bitcoin more cheaper and they succeeded. After what happened, bitcoin then go back up because many people believe that its value is more than it is now. The banning of exchanges may be good in the long run so that China cannot messed up with bitcoin again the future.

BitcoinMarshal

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Quote from: djablom on October 03, 2017, 02:02:39 PM

When they first banned bitcoin exchanges the price of bitcoin went from $5000 to almost $3000 so i think that is very bad yes but now bitcoin is going up again and i think that there will be a big update and bitcoin will get another big boost.

Now its already spreading very quickly just because of this demand is rising and its effecting market too much even China ban give some shock but most of peoples believe its temporary because its going to end after Congress meeting which is going to held but still if they are not going to lift ban its not effecting too much in near future as many countries giving soft term policies

djablom

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When they first banned bitcoin exchanges the price of bitcoin went from $5000 to almost $3000 so i think that is very bad yes but now bitcoin is going up again and i think that there will be a big update and bitcoin will get another big boost.

doothewop

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I like the clowns and the little dogs

China had until now gained a majority share of control of Bitcoin. They're
still mining, with discounts from their government, so this might just
be a way for the Chinese government to grab a percentage before it
gets sold off and sent out of the country.

We'll see if it's a net gain for the currency. Any moves that help
decentralization I'm all for.

mkhadazz

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China forbids bitcoin with political motivation. They see bitcoin users in their country will have an adverse impact on economy of country, so banning is done. However, China will not affect value of bitcoin due to the fact bitcoin is more expensive.

astrid.uchiha24

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it is good in a sense that now we can prove that bitcoin is not just them, they are just portion of the bigger market around the world on the other hand it had some bad effect because of recent prices of bitcoin going down but now its getting pump. Maybe the ban on exchanges in china is their primary motive in order for bitcoin to move forward and create a distraction to to investors so that the bitcoin will go up and up.

clrpod

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Banning bitcoin exchanges in any country would obviously be bad because it limits the demand for bitcoin and that would mean that the price would go down, unless of course you shorted bitcoin in which case, kudos to you.

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Quote from: kateryana81 on October 03, 2017, 05:03:45 AM

Quote from: Lubang Bawah on September 27, 2017, 10:46:04 PM

Quote from: Ngewex Yuk on September 27, 2017, 06:50:23 PM

I think this will not bring any impact, and this is proven because bitcoin users are so strong that the price is not on the floor. bitcoin users around the world including in china will keep bitcoin even though its government banned bitcoin.

Yes it seems so, china banned bitcoin does not bring any impact, maybe the panic had occurred in the beginning but now everything is back to normal, this further proves that the future of bitcoin will continue to improve.

China’s plan to ban this Bitcoin has flopped in a very bad way. Things happened exactly opposite instead of happening in the way China was thinking. People are happily investing in Bitcoin as much as they can and the number of investors investing in Bitcoin is increasing significantly. China cannot take control over Bitcoin

Strictly speaking, we don't know for certain what China is really up to

What we think as the opposite of what they have been thinking may have nothing to do with what they are really thinking. It looks like they are not so much into banning Bitcoin per se as just trying to make their own currency, the Yuan, more attractive using the technology that Bitcoin happens to use. And since all the infrastructure is already there (I refer to miners and their huge mining farms), they just make use of it without actually going for or aiming at hurting Bitcoin specifically. In other words, possible Bitcoin downfall is just a side effect, a collateral damage of sorts

kateryana81

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Quote from: Lubang Bawah on September 27, 2017, 10:46:04 PM

Quote from: Ngewex Yuk on September 27, 2017, 06:50:23 PM

I think this will not bring any impact, and this is proven because bitcoin users are so strong that the price is not on the floor. bitcoin users around the world including in china will keep bitcoin even though its government banned bitcoin.

Yes it seems so, china banned bitcoin does not bring any impact, maybe the panic had occurred in the beginning but now everything is back to normal, this further proves that the future of bitcoin will continue to improve.

China’s plan to ban this Bitcoin has flopped in a very bad way. Things happened exactly opposite instead of happening in the way China was thinking. People are happily investing in Bitcoin as much as they can and the number of investors investing in Bitcoin is increasing significantly. China cannot take control over Bitcoin.

Golftech

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Quote from: ?? on ??

I read that China unban everything 10 october. Many people wait for nice money float to the markets. For us it is really good.

do you have any reference about this matter mate? because if that's for real for sure things will bring the hype again with this ongoing rise up
bitcoin and other crypto will bounce and make another huge pumped very possible to see 5k before the hard fork just an honest opinion though.

Ocalebeth

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It will have here and now impacts like what we're encountering at the present time yet it isn't terrible. We would profit by china restricting trades with the goal that the coins possibly circulated equally available. Also, china has been causing a great deal of FUDs this days so getting them out of the biological community is truly advantage for us different clients.

LuffyD.Monkey

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Quote from: gentlemand on September 26, 2017, 11:44:23 AM

Let's see whether they make an exciting comeback with new regulations before deciding they're forever closed, but overall it's fairly neutral.

It's not good that a huge population is being cut out of the market. The years of endless fuckery caused by China have not been good either.

China's irrelevance at the start of the year coincided with the huge rise. This says that they're not leaders and were probably suppressing the price.

If China never comes back then the market will be smoother and quieter. I for one will not miss them desperately.

They will ask back to join again and this ban is temporary because they think money launderers can use it that’s why they are banning it and when their issue will be resolved they will make come back there are huge no of investors in china and they are now in panic situation and when they will join again market will rise again.

mudasarali43

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China banning bitcoin exchanges, not all exchanges China banning only those exchanges which are working illegally and use bitcoin for illegal transaction So china banned these exchanges, not to all exchanges.

nightways

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Quote from: sheldonnnn on September 16, 2017, 12:38:44 PM

As we can see from the value of bitcoin today, the situation with the exchangers in China has a uniquely very bad effect on Bitcoin. But Bitcoin's value is gradually recovering. And all will be OK. For Chinese people this situation is much worse.

It their own decision to staying away from such a profitable thing that is giving profit on daily basis that will only effect the Chinese people who have interest in bitcoin, they will suffer the decision that their government had made so the people of chine should put pressure on their government to uphold this ban so that they can also enjoy the profit as the rest of world is.

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