China crackdown on BTC and will support its own cryptocurrency - page 2.

Tambu

jr. member

Activity: 224

Merit: 3

Quote from: reflector on February 03, 2018, 07:55:41 AM

Most of the projects, trading sites, mining platforms are belongs to China only. Their support is must see the bitcoin and other cryptos in the high price. Atleast companies should migrate to other countries where bitcoin is legal to use.
Other countries still really looking to adapt the bitcoins but some illegal source are spread negative information about the bitcoin. So they all are fear to invest on the bitcoin.

You nailed it bro. 'Fair.' China is good on that. And that tactics really work in the market.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

The OP is trying to ignore the three big elephants in the room

1. Fees being 1000 X more than other coins
2. USDT is counterfeit and being used to pump coins
3. Lightning network cat is out the bag, the hubs are mini banks

You didn't even mention NEO which you can add as number four if you like but please
start thinking for yourself because I can parrot out what the BBC is saying all day long

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

The OP is trying to ignore the three big elephants in the room

1. Fees being 1000 X more than other coins
2. USDT is counterfeit and being used to pump coins
3. Lightning network cat is out the bag, the hubs are mini banks

You didn't even mention NEO which you can add as number four if you like but please
start thinking for yourself because I can parrot out what the BBC is saying all day long

Tambu

jr. member

Activity: 224

Merit: 3

Quote from: cryptohunter on February 03, 2018, 07:59:57 AM

Nobody cares about china now. They are out, the stability that will afford us is worth more than their constant annoying fud.

They will be the main losers here because most other wealthy nations are going to regulate and get their cut of the crypto pie.

" when the winds of change come - some build walls and others build windmills"

ironically that is a chinese proverb

It's ironically that everything you have, have a Chinese touch. Quality in China is depend on the amount of your money. They can deliver you the same products in different prices but in different quality. Their business principle is 'we can give everything you need regardless of the price'. And that principle work well and bring more profit to them.

tokexchain

member

Activity: 144

Merit: 10

This is not news, what should have been news was when the Chinese government banned Cryptocurrencies, and then the launched NEO - this is just one example of the attempted mass wealth reversal, some stood strong but many sold into the hands of the government coffers. Our coins will always be attacked with underhand measures from central governments to single hackers. Again, do not falter and protect yourselves, it is only just now the word has spread and so the vicious attacks are becoming more and more so.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Nobody cares about china now. They are out, the stability that will afford us is worth more than their constant annoying fud.

They will be the main losers here because most other wealthy nations are going to regulate and get their cut of the crypto pie.

" when the winds of change come - some build walls and others build windmills"

ironically that is a chinese proverb

reflector

sr. member

Activity: 826

Merit: 263

Quote from: Tambu on February 03, 2018, 07:32:30 AM

https://www.forbes.com/sites/sarahsu/2017/10/19/will-china-host-the-worlds-biggest-state-backed-digital-currency/#380d56461231

Though the news was on October 2017 but still relevant and could be one of the contributor why there is huge dip of BTC's price recently.

Majority of Chinese patronize their own. We cannot deny the fact that there are large of Chinese population in the market of Cryptocurrency and their absence will be a huge blow to the price of BTC and other cryptocurrencies in generals.

Most of the projects, trading sites, mining platforms are belongs to China only. Their support is must see the bitcoin and other cryptos in the high price. Atleast companies should migrate to other countries where bitcoin is legal to use.
Other countries still really looking to adapt the bitcoins but some illegal source are spread negative information about the bitcoin. So they all are fear to invest on the bitcoin.

Tambu

jr. member

Activity: 224

Merit: 3

Quote from: dothebeats on February 03, 2018, 07:47:28 AM

This is not news, and how many times have bitcoin and the cryptocurrency space have survived Chinese bluffs and bullshit? 3 or 4? With the amount of new money flowing in to bitcoin, it's safe to say that losing a significant portion of Chinese traders is bearable and bitcoin would just recover with the number of new traders and money pouring in every single day.

Thanks Dude for your insight. We all know that Chinese are business tactician whether it is a bluff or not but the effect still bloody.

Quote from: dothebeats on February 03, 2018, 07:47:28 AM

I disagree. They patronize other countries' works and try to imitate it at the best of their abilities. It's their communist government who are strict on their policies and rules, but the majority of the Chinese people I knew don't like how their leaders are doing. Ever wonder why most successful Chinese businessmen are from different countries and not in China?

Yes agree with this that many Chinese are successful outside China but don't you believe that those Chinese majority of them their income they still transfer to China. If you were in China you can felt their nationalism it is just a media portray it in other way around.

jbkg111816

jr. member

Activity: 62

Merit: 4

I have to agree with the other persons opinion most of the successful chinese businessman are residing in other country rather than their own and they are making a lot of income there becuase they see that other citizens have a potential and skills to help develop and improved their businesses.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: Tambu on February 03, 2018, 07:32:30 AM

https://www.forbes.com/sites/sarahsu/2017/10/19/will-china-host-the-worlds-biggest-state-backed-digital-currency/#380d56461231

Though the news was on October 2017 but still relevant and could be one of the contributor why there is huge dip of BTC's price recently.
We cannot deny the fact that there are large of Chinese population in the market of Cryptocurrency and their absence will be a huge blow to the price of BTC and other cryptocurrencies in generals.

This is not news, and how many times have bitcoin and the cryptocurrency space have survived Chinese bluffs and bullshit? 3 or 4? With the amount of new money flowing in to bitcoin, it's safe to say that losing a significant portion of Chinese traders is bearable and bitcoin would just recover with the number of new traders and money pouring in every single day.

Quote from: Tambu on February 03, 2018, 07:32:30 AM

Majority of Chinese patronize their own.

I disagree. They patronize other countries' works and try to imitate it at the best of their abilities. It's their communist government who are strict on their policies and rules, but the majority of the Chinese people I knew don't like how their leaders are doing. Ever wonder why most successful Chinese businessmen are from different countries and not in China?

Tambu

jr. member

Activity: 224

Merit: 3

https://www.forbes.com/sites/sarahsu/2017/10/19/will-china-host-the-worlds-biggest-state-backed-digital-currency/#380d56461231

Though the news was on October 2017 but still relevant and could be one of the contributor why there is huge dip of BTC's price recently.

Majority of Chinese patronize their own. We cannot deny the fact that there are large of Chinese population in the market of Cryptocurrency and their absence will be a huge blow to the price of BTC and other cryptocurrencies in generals.

Topic: China crackdown on BTC and will support its own cryptocurrency - page 2. (Read 210 times)