Topic: China is turning against cryptocurrencies?? (Read 579 times)
China will continue to think of crypto as a special form of trading for most holders and traders who are residents of China, they will continue to support cryptocurrency but with regulations or small surprises so as to compensate for crypto fluctuations and also the stability of their country. this is a challenge for China to continue to advance with crypto
Or maybe they are doing something else. Maybe they want to fully control the market and to be only one who can say what will be price when and how. Maybe this is not so much of the news, but let put it like this we some articles and news feed suggest they are turning bitcoin into private property and other are suggesting that they are creating new stable crypto. What it is true of this we will soon see, also on top of this we have that they always manipulate with price in one way or another.
Right now the price fall is unexpected, and none has come up with perfect information for the ongoing price fluctuation. China is a major contributor to the cryptocurrency growth during its early days into usage. If China hasn't contributed to growth of cryptocurrency, now we could've never reached such a user community. So, soon good support from China can expected.
many large investors from China, of course, make this country very influential on the development of bitcoin. Hopefully good news will emerge from China, so that it returns Bitcoin performance
It is actually not the Chinese government that is against cryptocurrency. It is the peoples bank of china which is the biggest bank in china that is against bitcoin and crypto very much. Since it is a communist bank and all those people who work on that bank are basically government employees it becomes the "government" is against it but in reality they are just a branch of it and not all of it.
For example, I am sure there must be some people in the ministry of family and social policies (if they have a ministry like that) probably likes bitcoin as well but we don't make clickbait titles like "government employee promotes bitcoin in china" or something because that's just one person. Hence, same applies here, there is no governmental consensus since all people have their own opinions but the people at the top seems to listen to the bank so far, that can change rather quickly if anyone higher starts to like it one day.
For example, I am sure there must be some people in the ministry of family and social policies (if they have a ministry like that) probably likes bitcoin as well but we don't make clickbait titles like "government employee promotes bitcoin in china" or something because that's just one person. Hence, same applies here, there is no governmental consensus since all people have their own opinions but the people at the top seems to listen to the bank so far, that can change rather quickly if anyone higher starts to like it one day.
Government of China is trying to find all possible expectations in order to compete with hegemon countries for different type tecnological,financial innovations. China takes the lead in AI,robotic softwares with improving their research and network among biggest companies but sometimes leak the information to foreign sources.Crypto industry is developing there but people will always find some glitches for destroying reputation of country, so it doesnt matter how much afford given for this possibilty.
It is actually not the Chinese government that is against cryptocurrency. It is the peoples bank of china which is the biggest bank in china that is against bitcoin and crypto very much. Since it is a communist bank and all those people who work on that bank are basically government employees it becomes the "government" is against it but in reality they are just a branch of it and not all of it.
For example, I am sure there must be some people in the ministry of family and social policies (if they have a ministry like that) probably likes bitcoin as well but we don't make clickbait titles like "government employee promotes bitcoin in china" or something because that's just one person. Hence, same applies here, there is no governmental consensus since all people have their own opinions but the people at the top seems to listen to the bank so far, that can change rather quickly if anyone higher starts to like it one day.
For example, I am sure there must be some people in the ministry of family and social policies (if they have a ministry like that) probably likes bitcoin as well but we don't make clickbait titles like "government employee promotes bitcoin in china" or something because that's just one person. Hence, same applies here, there is no governmental consensus since all people have their own opinions but the people at the top seems to listen to the bank so far, that can change rather quickly if anyone higher starts to like it one day.
The Chinese government was against crypto from the very beginning. So I am not much surprised by the recent developments. It is quite understandable, isn't it? Their currency is a manipulated one and therefore people are always looking for alternatives.
I think China has temporarily banned it. The Chinese government may or may not be able to understand what problems they face if they are closed in their country. I think countries like China can not directly stop this work because they have many inventors in their country and many people have already invested in crypto and have done it . If the Chinese government does not want to use it in their country, they will face future losses .
it's just that all involved by these offenders by withdrawing huge assets has resulted in a drastic reduction of bitcoin to reach 30% -40% in the last few monthsand make some market players upset about crypto forbidding in China.
China seems not to be in much favour of bitcoin. After ban of exchanges, most of the chinese people have lost their interest from bitcoin and crypto-currency.
is this an actual event, or is it engineering in trading, because if the buying and selling agents in China do not buy and sell and leave bitcoin it seems very unlikely, we can see the giant Chinese economy that began to dominate the world, it is impossible if they do not want mastering digital currencies, so the possibility is there is a very neat game to be able to reduce the price of bitcoin at this time, the goal could be for the benefit of large investors, because they would certainly buy very much at a cheap price, this might be a big scenario.
I think China has temporarily banned it. The Chinese government may or may not be able to understand what problems they face if they are closed in their country. I think countries like China can not directly stop this work because they have many inventors in their country and many people have already invested in crypto and have done it . If the Chinese government does not want to use it in their country, they will face future losses .
After bans on exchanges and initial coin offerings, bitcoin miners fear they are next
This is already concluded that only the ICOs are banned but not the crypto currencies which is already in the market that sometimes i think that China is doing the right thing to banned ICO to ensure that the hard earned money of their people will not be stolen because scam projects are now rampant in crypto space.
I do not see that China does not support blockchain technology and bitcoin, I believe they will regulate the maximum to avoid many frauds, but many Chinese have migrated until this moment, so I still believe that China and the largest crypto market should be stronger in the future!
I feel that the policies issued by the Chinese government against crypto and ICO currencies are not on target, there are still many Chinese people who play crypto. I really hope that China will soon open the door to cryptocurrencies, so that the prices of all cryptocurrencies can rise because we all know that now, China is one of the countries with the highest number of crypto players.
After bans on exchanges and initial coin offerings, bitcoin miners fear they are next
I remember news about China started to banning ICO projects that tried to scam people from donating money and not releasing their project, so they returned money to people. But if there news about restriction of exchanges that's not good for everyone in market include miner Right now the price fall is unexpected, and none has come up with perfect information for the ongoing price fluctuation. China is a major contributor to the cryptocurrency growth during its early days into usage. If China hasn't contributed to growth of cryptocurrency, now we could've never reached such a user community. So, soon good support from China can expected.
many large investors from China, of course, make this country very influential on the development of bitcoin. Hopefully good news will emerge from China, so that it returns Bitcoin performanceDon't worry pal, everything will gonna be fine sooner or later for sure, just hold more for a short period of time.
This is the safest and best thing we can do for now as Bitcoin or crypto enthusiast. Though, China according to news updates are now planning
to ban all crypto currencies to their country way back January 2018 and I don't know at the present time now are still the same while 2018 is nearly finish.
Sometimes I really wonder why all worry so much about China and news from China. For my perspective this is just another market crash before the storm like it was in previous year looking on the charts off course. So can we expect to see recovery yes, when next or year after that, or we will ask Chinese investors is it ok to raise bitcoin price.
Right now the price fall is unexpected, and none has come up with perfect information for the ongoing price fluctuation. China is a major contributor to the cryptocurrency growth during its early days into usage. If China hasn't contributed to growth of cryptocurrency, now we could've never reached such a user community. So, soon good support from China can expected.
many large investors from China, of course, make this country very influential on the development of bitcoin. Hopefully good news will emerge from China, so that it returns Bitcoin performanceDon't worry pal, everything will gonna be fine sooner or later for sure, just hold more for a short period of time.
This is the safest and best thing we can do for now as Bitcoin or crypto enthusiast. Though, China according to news updates are now planning
to ban all crypto currencies to their country way back January 2018 and I don't know at the present time now are still the same while 2018 is nearly finish.
Right now the price fall is unexpected, and none has come up with perfect information for the ongoing price fluctuation. China is a major contributor to the cryptocurrency growth during its early days into usage. If China hasn't contributed to growth of cryptocurrency, now we could've never reached such a user community. So, soon good support from China can expected.
many large investors from China, of course, make this country very influential on the development of bitcoin. Hopefully good news will emerge from China, so that it returns Bitcoin performanceI hope their government starts to open their hearts to the progress of their economy and technology by allowing bitcoin to circulate
After bans on exchanges and initial coin offerings, bitcoin miners fear they are next
China had been playing with cryptocurrency. I think China has a big effect on the rise and fall of crypto price. They ban and un-ban cryptocurrency whenever they want. This kind of news affects the market demand, as time goes by any announcement regarding China on crypto will not have any effect on market anymore.
China has had problems with the technology for a while now, even though the issues blockchain solves cannot be overstated. Their economy will see a decline if they don't put this tech to use, with their population of seniors being steadily on the rise. Blockchain projects HiNounou seek to ameliorate this problem by providing a solution to seniors health concerns.
China seems not to be in much favour of bitcoin. After ban of exchanges, most of the chinese people have lost their interest from bitcoin and crypto-currency.
This has been an issue for quite a while now. I think the main reason for this is not China's dislike of Bitcoin and other cryptocurrencies, but their own support of the cryptocurrencies that originate from their country. For example, NEO has been the Chinese equivalent of Ethereum, so there has been many news that China has controlled the use of Ethereum in their cryptocurrency market to give way for NEO to gain traction and make a push in the global market. With that strategy, they are not so to speak banning or removing their support of cryptocurrencies, instead they just try to give more support to their own.
After bans on exchanges and initial coin offerings, bitcoin miners fear they are next
Is China actually turning against crypto? I honestly don't think it is true. We have seen more exchanges from China more than most countries who have openly embraced cryptocurrency. More also, there are a lot of Chinese citizens who are also into cryptocurrency. Jump to: