China bans exchangers / China exchangers CLOSED

LuffyD.Monkey

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Quote from: leonix007 on September 16, 2017, 11:10:43 AM

Quote from: Cindy1983 on September 16, 2017, 01:56:32 AM

As I know, almost exchanger in China is changing from ".cn" to ".com" to get out of their government control. Maybe it's reason for Bitcoin price rising back today

. I'm a little bit sad because I don't have any money left to buy more Bitcoin when it's only 2960$ or 3200$ per Bitcoin Sad

don't be sad, history repeat itself, this is a proven lifecycle of bitcoin, if you made some profit with this event even not that big, be grateful, lessons are learned and to be applied later on, prepare for the next big event. Grin

This is not the sensible decision by Chinese to ban bitcoin as world is looking forward to accept the values and trades of bit coin and they are banning it and this will left them behind from the progressing as many of shopping will be done by bitcoins in future and they are not accepting it will give them loss. And those who believe in bitcoin will not be effected by this decision of china and will invest more to gain more.

virtualkeybuyer

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Quote from: Casabrandy on September 29, 2017, 08:52:20 AM

Quote from: KalaiBTC on September 29, 2017, 08:37:21 AM

Quote from: mayax on September 14, 2017, 04:41:06 PM

Quote from: OmegaStarScream on September 14, 2017, 09:39:17 AM

The price already started to decrease since BTCC announcement. I believe we will be better off the Chinese exchanges and the market manipulations in long term but for now, I expect the price to decrease further and more exchanges (Huobi and OkCoin) will follow that decision.

Bitfinex must be next. They are like a cancer with their fake volumes and tether with their fake usd being used to pump BTC.

The decision made by Chinese is letting them down from gaining profit and extending their digital currency business and they are neglecting the Importance of the most profitable coin of the world and they should accept this because this will also gave boost to their economy and the bitcoin business will grow in china faster if the biggest country will accept it than other countries will also join the lane of profit and business.

Chinese government decided to ban it because they don't gain any money from it because it is decentralized, A communist country wants to have capital in any profit generating activity to distribute it proportion to their country. Actually, Chinese people really wants BTC but the government is their biggest parameters on it.

The decision of Chinese is meaningless simple they just want to hold the prices of bitcoin which is impossible and their people are asking to change their decision because they want to trade into the bitcoin and sooner are later Chinese government will ask to rejoin the community and there is a lot of pressure on Chinese government because their citizens want bitcoin.

carlisle1

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Quote from: KalaiBTC on September 29, 2017, 08:37:21 AM

Quote from: mayax on September 14, 2017, 04:41:06 PM

Quote from: OmegaStarScream on September 14, 2017, 09:39:17 AM

The price already started to decrease since BTCC announcement. I believe we will be better off the Chinese exchanges and the market manipulations in long term but for now, I expect the price to decrease further and more exchanges (Huobi and OkCoin) will follow that decision.

Bitfinex must be next. They are like a cancer with their fake volumes and tether with their fake usd being used to pump BTC.

The decision made by Chinese is letting them down from gaining profit and extending their digital currency business and they are neglecting the Importance of the most profitable coin of the world and they should accept this because this will also gave boost to their economy and the bitcoin business will grow in china faster if the biggest country will accept it than other countries will also join the lane of profit and business.

they will not regret things like this because they are just trying to trick the people around for sure they will just buy those coins that will be sold coming out from the weak holders inside their jurisdictions then implementing some rules in order to be in control on each crypto that will exist from their country.

Casabrandy

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Quote from: KalaiBTC on September 29, 2017, 08:37:21 AM

Quote from: mayax on September 14, 2017, 04:41:06 PM

Quote from: OmegaStarScream on September 14, 2017, 09:39:17 AM

The price already started to decrease since BTCC announcement. I believe we will be better off the Chinese exchanges and the market manipulations in long term but for now, I expect the price to decrease further and more exchanges (Huobi and OkCoin) will follow that decision.

Bitfinex must be next. They are like a cancer with their fake volumes and tether with their fake usd being used to pump BTC.

The decision made by Chinese is letting them down from gaining profit and extending their digital currency business and they are neglecting the Importance of the most profitable coin of the world and they should accept this because this will also gave boost to their economy and the bitcoin business will grow in china faster if the biggest country will accept it than other countries will also join the lane of profit and business.

Chinese government decided to ban it because they don't gain any money from it because it is decentralized, A communist country wants to have capital in any profit generating activity to distribute it proportion to their country. Actually, Chinese people really wants BTC but the government is their biggest parameters on it.

KalaiBTC

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Quote from: mayax on September 14, 2017, 04:41:06 PM

Quote from: OmegaStarScream on September 14, 2017, 09:39:17 AM

The price already started to decrease since BTCC announcement. I believe we will be better off the Chinese exchanges and the market manipulations in long term but for now, I expect the price to decrease further and more exchanges (Huobi and OkCoin) will follow that decision.

Bitfinex must be next. They are like a cancer with their fake volumes and tether with their fake usd being used to pump BTC.

The decision made by Chinese is letting them down from gaining profit and extending their digital currency business and they are neglecting the Importance of the most profitable coin of the world and they should accept this because this will also gave boost to their economy and the bitcoin business will grow in china faster if the biggest country will accept it than other countries will also join the lane of profit and business.

blockchainmarketus

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Quote from: Maddinson100 on September 26, 2017, 05:08:35 AM

Quote from: jackhero on September 15, 2017, 09:57:02 PM

i think The Chinese do so for sellers to sell btc then bump again...guys don't wory...btc will
increase again

Exactly we are always finding for a replacement. Things become bad and we replace them or find something new. Same is the case with bitcoins now, if China will ban bitcoin exchangers then people of Chine will definitely look for some another exchange. They must have to work on bitcoins and for that they will find someone else.

DOn't worry about closing CHinese exchangers. Now you can see BTC is back, It will be stronger than before because CHina ban increase popularity of bitcoin among new users and investors. many new investors are interested in bitcoin without CHina the dictator.

Maddinson100

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Quote from: jackhero on September 15, 2017, 09:57:02 PM

i think The Chinese do so for sellers to sell btc then bump again...guys don't wory...btc will
increase again

Exactly we are always finding for a replacement. Things become bad and we replace them or find something new. Same is the case with bitcoins now, if China will ban bitcoin exchangers then people of Chine will definitely look for some another exchange. They must have to work on bitcoins and for that they will find someone else.

mayax

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Quote from: vincentvincent on September 08, 2017, 02:41:29 PM

FUD!

FUD is in your dirty mind ! most of the chinesse exchangers already announced that they will close their shit websites

It seems that the chinesse MINERS will be banned too. LOL
This would be a great news .

look: https://www.cryptocoinsnews.com/china-bitcoin-exchange-ban-extend-otc-trading-maybe-mining-wsj/

https://pastebin.com/6vKp6rh6

wuvdoll

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Quote from: kenkoy on September 16, 2017, 07:19:45 AM

This will greatly affect the global market of Cryptocurrency. This may be one of the reason why the BTC value drops these past few days. China has huge number of BTC investors. Some of them are whales so any slight changes on their country affects the global market. If this is a serious decision by the government, it may be big threat to Bitcoin.

It already has affected the global crypto market. All crypto coins have suffered through decrease in their values. Many people have even sold out their digital assets. China has done such stunts in the past also. Those people who are old users of crypto coins are well aware of this fact and they are still holding on.

leonix007

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Grow with community

Quote from: Cindy1983 on September 16, 2017, 01:56:32 AM

As I know, almost exchanger in China is changing from ".cn" to ".com" to get out of their government control. Maybe it's reason for Bitcoin price rising back today

. I'm a little bit sad because I don't have any money left to buy more Bitcoin when it's only 2960$ or 3200$ per Bitcoin Sad

don't be sad, history repeat itself, this is a proven lifecycle of bitcoin, if you made some profit with this event even not that big, be grateful, lessons are learned and to be applied later on, prepare for the next big event. Grin

aesma

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fly or die

Quote from: Lieldoryn on September 16, 2017, 05:14:43 AM

I don't understand what the problem is. China may ban only exchange crypto currency for the yuan. What prevents Chinese people to exchange crypto currency for the dollar. Or China refuses to accept dollars? Lol! I am sure that the Chinese exchangers will work in other jurisdictions. It will not change anything.

China is a dictatorship. The government can take your money and your life whenever it wants to. So no, the average Chinese citizen can't just change currencies or bank accounts, all this is closely monitored by the government, internet itself being closely monitored and censored too.

Titanos

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China is just cleaning cryptocurrencies market from scammers. In my opinion it's a healthy thing for crypto world.
Anyway i'm not using any Chinese exchanger.

kenkoy

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This will greatly affect the global market of Cryptocurrency. This may be one of the reason why the BTC value drops these past few days. China has huge number of BTC investors. Some of them are whales so any slight changes on their country affects the global market. If this is a serious decision by the government, it may be big threat to Bitcoin.

RayvenPierre

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I see and think that this is a good news for bitcoin. These Chinese marketers have done enough damage to the bitcoin market and it will be the best to get them cleaned. It is a loss for bitcoin but it will be much better if we can remove anything that manipulates bitcoin and this will be better in the long run.

BitcoinPC

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Quote from: mayax on September 16, 2017, 06:21:08 AM

Quote from: DoublerHunter on September 16, 2017, 05:39:05 AM

Quote from: Lieldoryn on September 16, 2017, 05:14:43 AM

I don't understand what the problem is. China may ban only exchange crypto currency for the yuan. What prevents Chinese people to exchange crypto currency for the dollar. Or China refuses to accept dollars? Lol! I am sure that the Chinese exchangers will work in other jurisdictions. It will not change anything.

China banned the ICO and not the exchangers so the only thing that the chinese people will worry is about ICO because they can't participate in ICO projects anymore and that is a bad news for them because ICO is one of the best way to make money because the price is easy to pump or dump after they launched in the market.

ICO= the new HYIPs = scam

There is only a small percentage of the exchanges that have a small drop at certain hours of the day and that is only because of the scared people in that part of the world. Weaker hand just let go of the btc as they are looking after small profits and also they don't have a heart to stay and take a little bit of risk. If you want to save your hard earn bitcoin, do not sell bitcoin on such times when price is on a decline.

virasog

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Quote from: mayax on September 08, 2017, 11:45:18 AM

it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on). Cheesy

http://m.finance.caixin.com/m/2017-09-08/101142797.html

That means Okcoin, BTC china, Huobi and many others will be closed. "the plague" begins to be cleaned

Caixin was the first one to report on the ICO ban before the official documents came out so, they should be credible

Thank you for stating the obvious. All of us know what China is doing it had nothing to do with the rest of us. We're still making money and we've been doing it ever since. We're going to make money before the ban we're going to make money after the ban we're going to make money during the day. There's nothing that is going to stop our investment raising about you.

mayax

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Quote from: DoublerHunter on September 16, 2017, 05:39:05 AM

Quote from: Lieldoryn on September 16, 2017, 05:14:43 AM

I don't understand what the problem is. China may ban only exchange crypto currency for the yuan. What prevents Chinese people to exchange crypto currency for the dollar. Or China refuses to accept dollars? Lol! I am sure that the Chinese exchangers will work in other jurisdictions. It will not change anything.

China banned the ICO and not the exchangers so the only thing that the chinese people will worry is about ICO because they can't participate in ICO projects anymore and that is a bad news for them because ICO is one of the best way to make money because the price is easy to pump or dump after they launched in the market.

ICO= the new HYIPs = scam

DoublerHunter

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Quote from: Lieldoryn on September 16, 2017, 05:14:43 AM

I don't understand what the problem is. China may ban only exchange crypto currency for the yuan. What prevents Chinese people to exchange crypto currency for the dollar. Or China refuses to accept dollars? Lol! I am sure that the Chinese exchangers will work in other jurisdictions. It will not change anything.

China banned the ICO and not the exchangers so the only thing that the chinese people will worry is about ICO because they can't participate in ICO projects anymore and that is a bad news for them because ICO is one of the best way to make money because the price is easy to pump or dump after they launched in the market.

metenjean

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Quote from: Lieldoryn on September 16, 2017, 05:14:43 AM

I don't understand what the problem is. China may ban only exchange crypto currency for the yuan. What prevents Chinese people to exchange crypto currency for the dollar. Or China refuses to accept dollars? Lol! I am sure that the Chinese exchangers will work in other jurisdictions. It will not change anything.

Its true it will not change anything, but in the meantime the government keep their monetary policy in check. They keep their own currency controllable, and i think it also another politics from the chinese because although they close the exchanger for yuan, they didnt really close the exchanger for dollar. There is no guarantee that they dont benefit from the price drop and start buying for themselves Grin

Lieldoryn

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I don't understand what the problem is. China may ban only exchange crypto currency for the yuan. What prevents Chinese people to exchange crypto currency for the dollar. Or China refuses to accept dollars? Lol! I am sure that the Chinese exchangers will work in other jurisdictions. It will not change anything.

Topic: China bans exchangers / China exchangers CLOSED (Read 4769 times)