China calling for a wider ban on Crypto currency trading ? - page 12.

Baofeng

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Quote from: Katashi on January 20, 2018, 12:10:08 PM

so china really want to hold and keep it up?, then after this what? they really believe they are a huge factor or maybe their nation alone can tear crypto apart. which is proven wrong last year. I say goodluck to you china may the dip you are wanting cause you a lot of money but the blockchain business will continue reigning this is it's year no one can stop it.

They are just creating a lot of panic by releasing statement that is double standards. And then those rumor mongers will just capitalized on it by creating more FUD's and false news, creating fear among investors. That's one thing I don't like about China, as if they really want to stay relevant in the crypto currency market. But at behind they really take advantage of the situation by buying it when the price is cheap, without others knowing.

Katashi

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so china really want to hold and keep it up?, then after this what? they really believe they are a huge factor or maybe their nation alone can tear crypto apart. which is proven wrong last year. I say goodluck to you china may the dip you are wanting cause you a lot of money but the blockchain business will continue reigning this is it's year no one can stop it.

7Pro

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Quote from: anushkasachith888 on January 16, 2018, 05:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I think this is the bad news which make the general price of bitcoin and altcoin become bloodbath.
But now its still recover and will continue although bad news coming

Condoriano

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Don't fret, it is only natural for a nation to stop anything that they cannot control. China is so BIG that won't be able to stop the exchange. people will always find way to earn money through crypto and possible recognized as well by their government.

anushkasachith888

member

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Quote from: yepaiyique2 on January 19, 2018, 09:01:32 PM

The Chinese government is working on a strategy to clear the trading platform for Chinese users, and they may use technology to prevent links to Chinese users! The purpose of these is to prevent capital outflow and control the capital at home!

How to prevent capital outflow when you are in Crypto market? all crpto projects are not from China. So it is not preventable to stop flowing their money out of the country. but in return money comes in to country with profit.
I wish if you can explain more in depth how they working on this using strategies you mentioned here.

anushkasachith888

member

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Quote from: ?? on ??

China has to accept the fact that they can't stop bitcoin. They can't stop the development of virtual currencies. I think they are afraid of their money.

Sometimes I get a feeling that China is suspicious about Crypto market because they might think This is a conspiracy of westerners to damage their economy. absorb their money and get away. something like that. wit the time if they realized that there is no any harm for the economy from Crypto They will be flexible enough towards Crypto I guess.

anushkasachith888

member

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Quote from: richardsNY on January 19, 2018, 06:21:29 PM

Quote from: anushkasachith888 on January 19, 2018, 04:50:50 PM

Very true that's what happening right now, finally it just becomes a FUD as we can't see any action following the news, Some times I get a feeling is that the purpose of these news? Roll Eyes

Of course. There is so much money involved, that all types of entities try to get the price to tank with all this fud. It works every time because of how ignorant people in this market are. It has been like that years ago, and it's still like that today. Some times I just get pissed off by how easily people get tricked into thinking that whatever government will ban this or that aspect of the market. No wonder that this fud will keep flowing through this market. If it works all the time, there is basically no reason to stop for the entities behind all this.... The only way to somewhat stop this, is to ignore everything, but that's too much to ask for I guess -- people's ignorance is too much of an obstacle here.

Yes agree, Because fear works. Fuds need fear to do its job. I think it will happen forever in the market. because market works with fear and greedy. So Fuds always have a space , I think this is where you have to apply the theory " Buy when other are scared, Sell when others are happy''

yepaiyique2

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The Chinese government is working on a strategy to clear the trading platform for Chinese users, and they may use technology to prevent links to Chinese users! The purpose of these is to prevent capital outflow and control the capital at home!

richardsNY

legendary

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Quote from: anushkasachith888 on January 19, 2018, 04:50:50 PM

Very true that's what happening right now, finally it just becomes a FUD as we can't see any action following the news, Some times I get a feeling is that the purpose of these news? Roll Eyes

Of course. There is so much money involved, that all types of entities try to get the price to tank with all this fud. It works every time because of how ignorant people in this market are. It has been like that years ago, and it's still like that today. Some times I just get pissed off by how easily people get tricked into thinking that whatever government will ban this or that aspect of the market. No wonder that this fud will keep flowing through this market. If it works all the time, there is basically no reason to stop for the entities behind all this.... The only way to somewhat stop this, is to ignore everything, but that's too much to ask for I guess -- people's ignorance is too much of an obstacle here.

Baofeng

legendary

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Quote from: adzino on January 19, 2018, 02:48:13 PM

And sadly, they aren't giving any official statement of what they are going to do. All they say is that bitcoin trading "could" be banned in China, which results in spreading FUDs only. But even if they do ban, it will affect the market shortly but will eventually recover in its price like the same thing that happened last September when the Chinese government banned all domestic exchanges.

It really looks like that they are really creating a lot of FUD so that they can say that bitcoin could disrupt their economy or the economy of other countries. Yeah, just like South Korea, they could impact the price short term, however with bitcoins proven record, it will recover from all of this scare and could even go further on its path. The September scenario is one such example. It went down 40%, but then rebounded. So short term it going to be hard to swallow, but eventually it will end up on our favor.

batang_bitcoin

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If that will be implemented this will be a big problem for crypto people who are living in China. Still it's unverifiable if this Pan Gongheng wants to put crypto trading in China to an end. The article was made by Reuters and I'm not questioning their research ability but still we need to see a real news and verification if this for real. We need to see a confirmation from anyone who's living in China. We had seen the impact before when started banning ICO's, if this happens it will be another big impact for sure.

anushkasachith888

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Quote from: carlfebz2 on January 19, 2018, 02:40:46 PM

Quote from: anushkasachith888 on January 19, 2018, 11:21:57 AM

Quote from: cavaBcoin on January 19, 2018, 11:06:28 AM

Quote from: ricardobs on January 18, 2018, 01:39:38 AM

Quote from: anushkasachith888 on January 16, 2018, 05:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency is a big market, so it’s very difficult to ban of using it.

But China is not democratic country. communist one party ruling state. Can the public act against the government regulations ?

For a country which isn't democratic then as a citizen you wont really have the choice but to follow on what they do command or the laws imposed once you refused or insist then theres only one way you would go which you will really be imprisoned on violating the laws being implemented.I don't know if I would believe on these kind of news because how many time I do already read up about banning but yet people can still able to engage with.

Yes, people has no any choice rather than obeying the government when there is no proper democracy. Yes that's true, User adzino too, below already has pointed out what's happening right now. Just News spreading no real action. and it becomes a FUD. Market recover slowly after FUD disappeared, again Chinese trading too.

anushkasachith888

member

Activity: 546

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Quote from: adzino on January 19, 2018, 02:48:13 PM

And sadly, they aren't giving any official statement of what they are going to do. All they say is that bitcoin trading "could" be banned in China, which results in spreading FUDs only. But even if they do ban, it will affect the market shortly but will eventually recover in its price like the same thing that happened last September when the Chinese government banned all domestic exchanges.

Very true that's what happening right now, finally it just becomes a FUD as we can't see any action following the news, Some times I get a feeling is that the purpose of these news? Roll Eyes

adzino

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And sadly, they aren't giving any official statement of what they are going to do. All they say is that bitcoin trading "could" be banned in China, which results in spreading FUDs only. But even if they do ban, it will affect the market shortly but will eventually recover in its price like the same thing that happened last September when the Chinese government banned all domestic exchanges.

carlfebz2

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Quote from: anushkasachith888 on January 19, 2018, 11:21:57 AM

Quote from: cavaBcoin on January 19, 2018, 11:06:28 AM

Quote from: ricardobs on January 18, 2018, 01:39:38 AM

Quote from: anushkasachith888 on January 16, 2018, 05:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency is a big market, so it’s very difficult to ban of using it.

But China is not democratic country. communist one party ruling state. Can the public act against the government regulations ?

For a country which isn't democratic then as a citizen you wont really have the choice but to follow on what they do command or the laws imposed once you refused or insist then theres only one way you would go which you will really be imprisoned on violating the laws being implemented.I don't know if I would believe on these kind of news because how many time I do already read up about banning but yet people can still able to engage with.

anushkasachith888

member

Activity: 546

Merit: 12

Quote from: cavaBcoin on January 19, 2018, 11:06:28 AM

Quote from: ricardobs on January 18, 2018, 01:39:38 AM

Quote from: anushkasachith888 on January 16, 2018, 05:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency is a big market, so it’s very difficult to ban of using it.

But China is not democratic country. communist one party ruling state. Can the public act against the government regulations ?

cavaBcoin

member

Activity: 181

Merit: 12

Quote from: ricardobs on January 18, 2018, 01:39:38 AM

Quote from: anushkasachith888 on January 16, 2018, 05:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency is a big market, so it’s very difficult to ban of using it.

bitcoinvamp

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Quote from: anushkasachith888 on January 16, 2018, 05:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I think banning bitcoin is not a solution as people will still find ways to access it as crypto is not banned all over the world . China has done this before and it doesn't affected bitcoin. Now, South Korea proposed a ban which shook the bitcoin market but its again back on track so we can learn that there is not gonna be a major effect if China does that again. People nowadays are quite smart and can find several ways to trade and use exchanges even if the bitcoin trading gets banned in a country.

anushkasachith888

member

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Quote from: Lukan on January 18, 2018, 07:36:44 AM

Again oh no...lol
I wish all countries ban all crypto so I could buy myself cheap coins and enjoy.

Yeah when all countries ban all crypto you and your family members can trade crypto .... Grin

Lukan

newbie

Activity: 33

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Again oh no...lol
I wish all countries ban all crypto so I could buy myself cheap coins and enjoy.

Topic: China calling for a wider ban on Crypto currency trading ? - page 12. (Read 1598 times)