Topic: China banning bitcoin exchages, good or bad? - page 15. (Read 8147 times)
Good gorgtge Chinese economy as the bad guys wouldn't be able to launder money to and from china with Bitcoin and so their economy wouldn't suffer but it's bad for us the Bitcoin investors because it triggers panic selling among newbies.
The banning could only make bitcoin to have a little slow down but after sometime it will pick again because conglomerate and countries including Japan are supporting for their transactions and payment.
It's good because it's brought the strength of Bitcoin to bear for the whole world to see. If the Chinese with all their machinations against Bitcoin couldn't keep it down then I guess Bitcoin has shown true character and strength.
It's was bad because the price took a tumble and it's good for traders and those that were intending to buy because it was cheap. It's also good because Bitcoin has proven again that it can be resilient eve against the dominant Chinese miners and market.
The banning could only make bitcoin to have a little slow down but after sometime it will pick again because conglomerate and countries including Japan are supporting for their transactions and payment.
It would affect bitcoin price slightly in a negative way in a short term basis but,it would be good for the progress of bitcoin in a long term basis.Due to this action by china,bitcoin would get complete freedom from the hands of chinese gamblers.
We probably never get this freedom. The Chinese government is bluffing. It does not play quite honestly and wants to reduce the cost of bitcoin. But soon the bitcoin community will understand this
It is bad banning of exchanges would mean people will sell their so that they don't face any issues in the future and the problem with this market is bitcoin is main so no matter what the reason is if bitcoin falls altcoins also falls which gives too many losses for me which spoils everything i researched
Ya Upto now, the China ban of bitcoin is affected the price of bitcoin. Because of this the price is below 3600$.After that Many miners migrates to Japan and many miners are start to mine in Japan.Even Japanese start to create new mining based projects to get into mining
That's what we should all hope for
But it will take some time before the effect of the Japanese mining kicks in. Further, I'm not certain that they have a thoroughly polished technology to compete with the miners from China. Anyway, if mining in China goes down the toilet (which seems to be the case in the nearest possible future), this won't matter a lot. But I'm still utterly curious how the Chinese miners are going to move to Japan or South Korea if they can't take their mining equipment (those huge mining farms) with them. They will likely have money but no equipment and no technology
It is bad banning of exchanges would mean people will sell their so that they don't face any issues in the future and the problem with this market is bitcoin is main so no matter what the reason is if bitcoin falls altcoins also falls which gives too many losses for me which spoils everything i researched
Ya Upto now, the China ban of bitcoin is affected the price of bitcoin. Because of this the price is below 3600$.After that Many miners migrates to Japan and many miners are start to mine in Japan.Even Japanese start to create new mining based projects to get into mining.
will china ban btc miner ?
They haven't so far.
There's been discussion about them possibly making it difficult or illegal to transfer coins, which has a side effect of making mining very difficult as it would be hard to recoup expenses without being able to sell coins.
In the long run, it seems unlikely.
The only action they have taken against the miners as of yet was on the energy subsidy some of those mining farms were getting.
It is bad banning of exchanges would mean people will sell their so that they don't face any issues in the future and the problem with this market is bitcoin is main so no matter what the reason is if bitcoin falls altcoins also falls which gives too many losses for me which spoils everything i researched
This may be damaging as the price of bitcoins falls. Because many of their countries have big investments here. And if it will turn off there may be a rapid drop in bitcoins. But I think it's just a moment because people do not allow it here. And the only thing that happens is that it is banned but people are still free to use it. They should not show up to the police because they are likely to fall into jail. And the bitcoins will climb up again so it will bring good bitcoins to it. And as I know, here are illegal activities in china like Manupulations, Scam investment and so on. It is said in poetry. The storm is dangerous but when it's done there is a good rainbow after the rain
will china ban btc miner ?
They haven't so far.
There's been discussion about them possibly making it difficult or illegal to transfer coins, which has a side effect of making mining very difficult as it would be hard to recoup expenses without being able to sell coins.
In the long run, it seems unlikely.
I guess China has great affect the value of bitcoin because up to this moment the value does not increase and remains at $3800 its because the demand decreases and if many countries will banned bitcoin the value will tremendously decrease
Obviously this is very bad to hear for those of us who have been close to bitcoin and many things related to bitcoin in it. But i'm sure some other countries will not doing be same as the China state that is rumored ban this, ban that, and which looks like it keeps trying to weaken the good name of bitcoin.
Being into bitcoin is successful, from the beginning China have been making a big difference in the entire growth of the digital currency. Rumours were quite common with bitcoin, so China is not an exception. Maybe in the future such issues won't be considered big when people understand better. 
Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect bitcoin world and bitcoin price in negative way or positive way? Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.
[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11
Do you think this would affect bitcoin world and bitcoin price in negative way or positive way? Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.
[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11
In the short term it affects bitcoin in a negative way. Many people panic when it was announced thus a drastic decrease in the price but then if they would do it to ban the exchanges forever then it would be good I think in the long run because they would not be able to cause panic anymore to the bitcoin holders because every time they have bad news, the bitcoin price also react negatively. There is a rumor that they will not totally ban it forever but just temporary because they will regulate it and eventually reopen it in October. If China would totally ban it then its good for the bitcoin ecosystem because they cannot harm it anymore by announcing some unverified news again.
It is obviously bad for a mean time just like what happened these days, bitcoin price in the market has dropped because of the issue but immediately recovers for a few days.
Indeed it's bad for sometime but it won't last longer as we saw the price pump again within the two weeks of period. It's true that price could have been better than this but fir the instance it isn't getting changing unless and until equal investment is made which is equal to loss incurred due to china investment. What I mean is, due to ban china people got their money converted from bitcoin, that much of money must be invested back so that the price will boost to 4.5K plus price again.
for me so good
we know can see how bitcoin has power and how can effect .
- all countries can effect with bitcoin price but can’t end bitcoin
- prices down make many buy more
we know can see how bitcoin has power and how can effect .
- all countries can effect with bitcoin price but can’t end bitcoin
- prices down make many buy more
Obviously this is very bad to hear for those of us who have been close to bitcoin and many things related to bitcoin in it. But i'm sure some other countries will not doing be same as the China state that is rumored ban this, ban that, and which looks like it keeps trying to weaken the good name of bitcoin.
will china ban btc miner ?
That what people frightening about but even though it got ban, China still able to produce VGA or any miner hardware for global shipping around the world
When BTC is go big, it's difficult to stop people who already enjoy bitcoin, don't it ?
will china ban btc miner ?
the reason the Chinese government is banning bitcoin exchange, the chinese government want to provide rules on bitcoin, that is good news.
however, the immediate impact of the moment, making the bitcoin value drop dramatically, that a bad news.
we just pray, so there is a solution that benefits all parties, and make the bitcoin value continues to rise.
however, the immediate impact of the moment, making the bitcoin value drop dramatically, that a bad news.
we just pray, so there is a solution that benefits all parties, and make the bitcoin value continues to rise.
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