Topic: China banning bitcoin exchages, good or bad? - page 9. (Read 8147 times)
So every time bitcoin will go in bull run China will create chaos by spreading news that it's banning btc. Now the news about banning btc exchanges. And every time, it happens right after a new ATH or huge rally, at least. Coincidence? Not so much.
yes,it is true if china brings a big effect if china prohibits Exchages Bitcoin and we know that China has the largest number of inhabitants in Asia as well as the largest user of Bitcoin.
I think if china does not prohibit Exchages maybe this will have a good effect for Bitcoin and if china prohibits Exchages maybe this will be a bit bad for Bitcoin.
We are aware that most investors are from China, they are holding a large number of bitcoin and if they will ban even the exchange of course it has an effect but over all we can still recover just like what happened now still the bitcoin continue to rise although a lot of countries ban bitcoin. I think if china does not prohibit Exchages maybe this will have a good effect for Bitcoin and if china prohibits Exchages maybe this will be a bit bad for Bitcoin.
yes,it is true if china brings a big effect if china prohibits Exchages Bitcoin and we know that China has the largest number of inhabitants in Asia as well as the largest user of Bitcoin.
I think if china does not prohibit Exchages maybe this will have a good effect for Bitcoin and if china prohibits Exchages maybe this will be a bit bad for Bitcoin.
I think if china does not prohibit Exchages maybe this will have a good effect for Bitcoin and if china prohibits Exchages maybe this will be a bit bad for Bitcoin.
Ban on Bitcoin by China was a biggest shock to bitcoin community. Being a communist country China have supported bitcoin community from time to time. China was the biggest trader and bitcoin miner in the world. The revenue generated by chine`s miners were the highest one. Chine`s investors have setup biggest bitcoin mining farms due to cheap electricity & labour cost. This ban has resulted huge losses to these investors. Ban by China also benefited bitcoin a lot, the day this news came bitcoin prices fall sharply by 20%, but later they rolled back and now crossed $17500 mark. Even after this ban bitcoin investors all over the world has shown trust in bitcoin currency.
China always has an effect, they are also one of the largest users of bitcoin, so if China banning bitcoin exchages this is bad. but I still believe bitcoin will at least strong enough with such issues and could quickly back to normal.
Its not good to ban ICO in china, becuase if ICO baned in china all altcoin will dump. Lately china will announce for banning ICO's. But now it is ok for china, we dont need to panic now, we all know now all altcoins is stable.
Definetely it's bad! THe banning stops growing of the usuage of Bitcoin! It's gonna be a bid diadvantage to Bitcoin!
Bitcoin is worldwide used almost in all countries so I think its development can’t be stopped. I agree it development will be a bit affected if too many countries banned it but now bitcoin is a need of the world. The system of world can’t run properly without a digital currency because the online payments can’t be done with physical currency and I think in all digital currencies bitcoin is the best and the easiest to use. I think this is bad news, as we know that china is the biggest bitcoin user so if the chinese government banned bitcoin it will have a big impact for bitcoin price in the short term.
it's all in the past. I would not plan on this issue and I am sure that the Chinese government has solved the problems that bothered them in terms of the crypto currency.
It did have negative impact, but it was temporary. Nobody can stop bitcoin. It is here to stay. In fact, it would gain more acceptance in future.
I think this is bad news, as we know that china is the biggest bitcoin user so if the chinese government banned bitcoin it will have a big impact for bitcoin price in the short term.
Well their people could just switch to other exchange with ease if they wanted to, everyone have a timeline to make their withdraws right. Btw based Chinsee officials, they are not banning exchange once for all but to order a immediate shutdown, or cease to operate so that a detailed audit could be done. It's actually good as those exchange would comply new rules, and they are start to pop up again within other countries under the same company name. China government is longer a big influence anymore, big China whales are still swimming in their cheap mining farms though.
Definetely it's bad! THe banning stops growing of the usuage of Bitcoin! It's gonna be a bid diadvantage to Bitcoin!
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
I think you do not need to worry. They banning bitcoin in their country. bitcoin only affected a bit and then gradually stabilized.if i'm not mistaken In the past they did this with bitcoin 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
Good, as of now what I heard about the news of china's government banning the bitcoin exchanges is that yes it heavily affected the price of bitcoin but it doesn’t mean that bitcoin will loose more. As of this day since the ban the price of bitcoin went down making more bitcoins affordable. Its time to stock up more bitcoins so that once the issue is resolved the bitcoin price will surge up again.
Well I don’t know why we are giving a bid importance to china about bitcoin if china even say good bye to bitcoin forever so nothing will happen to bitcoin even Indonesia also banned bitcoin and when we see the price of bitcoin so it’s good and the reason behind this is that other countries have accepted bitcoin and some of them make it legal.
China decided to block ICOs first, then came the shutting down of domestic bitcoin exchanges.
Both these news created a wave of panic on the minds of bitcoin users community.
China was the biggest user of bitcoins. China was home to the largest group of bitcoin miners on the planet, their contribution was nearly 71% of total mining income all over the world.
After ban from china bitcoin price has fallen 20% from its all time high of 5000$.
But china ban created an opportunity for the potential buyers who were eager to invest in bitcoins but waiting for a sharp correction.
These investors grabbed the opportunity and as a result bitcoin is now above 6800$.
It is difficult for a communist country like china to have permission for such a decentralised cryptocurrency to work under their nose.
In future China may have permission to bitcoins by putting some regulations.
Both these news created a wave of panic on the minds of bitcoin users community.
China was the biggest user of bitcoins. China was home to the largest group of bitcoin miners on the planet, their contribution was nearly 71% of total mining income all over the world.
After ban from china bitcoin price has fallen 20% from its all time high of 5000$.
But china ban created an opportunity for the potential buyers who were eager to invest in bitcoins but waiting for a sharp correction.
These investors grabbed the opportunity and as a result bitcoin is now above 6800$.
It is difficult for a communist country like china to have permission for such a decentralised cryptocurrency to work under their nose.
In future China may have permission to bitcoins by putting some regulations.
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
it's bad but i heard china has opened up the exchange again and bitcoin already in legalkan in china, this kana make the price higher.
No effect whatsoever, this is because the user is so large and vast that if the banned will not have any impact, the proof is the price does not drop and continue to rise and now reaches more than $ 6000.
yeah bitcoin users continue to grow from different countries and bitcoin users more and more not just from china alone. certainly although chinese do bans on bitcoin it will not make bitcoin die but I think that it will make bitcoin slightly shaken dude? because China is one of the country's that have biggest bitcoin users. 
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
I think it is still bad, losing China. China banned exchanges and ICO, from that, it resulted to major market downfall. Bitcoin's value before is downed to 3500 from 4500. It managed to recover and even passed its value before. But I think it will still be a help if China is around since it is one of the major investors so it would still contribute on the increase of Bitcoin's market value. 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
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
It appears that it benefit Bitcoin. Truly, Bitcoin suffered a huge downfall just because China banned exchanges and ICOs. But Bitcoin id able to recover and its value continuously increase after that. Bitcoin is now priced at 6000$ from being down to 3500. It is still increasing and it never increase as big as this when China is still around. So I think it became good for Bitcoin to lose 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
No effect whatsoever, this is because the user is so large and vast that if the banned will not have any impact, the proof is the price does not drop and continue to rise and now reaches more than $ 6000.
Good, as of now what I heard about the news of china's government banning the bitcoin exchanges is that yes it heavily affected the price of bitcoin but it doesn’t mean that bitcoin will loose more. As of this day since the ban the price of bitcoin went down making more bitcoins affordable. Its time to stock up more bitcoins so that once the issue is resolved the bitcoin price will surge up again.
When the price goes down due to chines ban people rushed toward the bitcoin because it was available at the low price that dump acquired attention of people and they bought a lot and now it has started to rise and reached to the 5000USD and that figure shows that bitcoin has ability to come out safely from the critical situation and this bring the joy on face of investor and show the sign of good profit in future.Exactly! It attracted a lot of investors since they can have an advantage of buying more bitcoins when China decided to ban it in their country. And now, look at the bitcoin's price, it rise up so quickly and its price keeps on increasing. So, there may be disadvantage but there are more advantages when the Chinese government banned the bitcoin.
Jump to: