China is turning against cryptocurrencies?? - page 2.

supine

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Quote from: ohshiittt on January 16, 2018, 12:49:12 PM

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.

Levious

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Quote from: dado7 on March 09, 2018, 06:52:16 AM

No, China is not turning against cryptocurrencies, they are looking to regulate them.
The only thing China will do is, as usual, since they don't have the rule of free transfer of goods, services and people like EU for example, enforcing such regulation that it will be hard for non-domestic projects to compete with domestic ones. Hence I expect a good future for NEO there.

I very much agree with you that no government will reject cryptocurrencies. Their rejection of cryptocurrencies must be based on the risk of cryptocurrency in the early market. There are many scammers here, and countries with large populations can be catastrophic, so cryptocurrencies are banned. Without any problems, I guess the Chinese government has already bought bitcoin. They just don't want scammers to use cryptocurrencies to deceive them. There is no dictatorship or democracy in this world. These are all excuses for politicians. Only the prosperity of the country is real.

Ahimoth

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Quote from: Yurkov on November 28, 2018, 07:51:51 AM

From China, positive information begins to flow. I do not know if this is true or fake news - you can rate it yourself, but it looks like the Chinese ban on cryptocurrencies has already been taken down:

https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/

Maybe the today's price increases on the whole market are because of that info?

China country banned cryptocurrency since before, but then there country is one of most crypto users even they not allowed to used it. Also China is one of the most population country in world and its population is willing to adopt crypto but their government is against to it. But their community do anything just used crypto, I hope China will saw the good side of crypto like what other country do.

Yurkov

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From China, positive information begins to flow. I do not know if this is true or fake news - you can rate it yourself, but it looks like the Chinese ban on cryptocurrencies has already been taken down:

https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/

Maybe the today's price increases on the whole market are because of that info?

YOSHIE

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Quote from: ohshiittt on January 16, 2018, 12:49:12 PM

After bans on exchanges and initial coin offerings, bitcoin miners fear they are next

I assume that China has not completely banned Bitcoin, I believe that China's biggest investment in the world and the biggest asset to cryptocurrency and Bitcoin, this won't work if China continues to force and close Bitcoin / cryptocurrency trading, I'm sure cryptocurrency and Bitcoin willfind victory in china.

source: https://www.google.co.id/amp/s/amp.economist.com/graphic-detail/2017/10/02/china-is-turning-against-cryptocurrencies#ampf=undefined

fauzan Ichsan

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Quote from: n0ne on November 27, 2018, 07:38:25 AM

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

realcrypto

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The news of China turning against bitcoin is not a new news, but people are using this news repeatedly to scare away newbies that are not ready to take time a do their research. China turning against cryptocurrencies is not the reason the market is turning red this time.

n0ne

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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.

tenebriscaelum

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Quote from: dogandogru on January 16, 2018, 04:23:18 PM

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.

It might be the cause of the sudden drop of prices in the market by more than 50% because china has the majority of the crypto market and if they will also lose the miners we can expect that the market will fall much more, so the next option for us right now is to find a new country that wiill support the market and I think that the first country who can make regulations on crypto and adapt it to their system will make the change which is supposed to be what we need right now and build trust in the market.

trauchot

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In China, everything is constantly changing and the government is constantly changing its laws about cryptocurrency. A couple of months ago, the cryptocurrency was completely banned there, but now the Chinese government assessed the losses they had caused because they banned the cryptocurrency and they again start to approve the use of cryptocurrency. I believe that after some time, China will completely change its mind and will begin to support cryptocurrency.

AlphaGoo

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No country can object to cryptocurrencies. I believe the Chinese government is opposed to fake cryptocurrencies rather than real bitcoins. Because the birth of cryptocurrencies allows scammers to deceive unscrupulously.

DedgeDoge

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Quote from: Mhd-Bobbi on November 18, 2018, 11:33:37 AM

Quote from: ohshiittt on January 16, 2018, 12:49:12 PM

After bans on exchanges and initial coin offerings, bitcoin miners fear they are next

That is not possible, mining should not be prohibited, but I want to know where you can say that mining is the next target.

Mining is important. And when you will prohibit mining, it will ultimately affect the development of bitcoin. When there is no mining, how can you produce bitcoin on internet. This system can’t stop.

zoeylee

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I think the government were afraid of their economy because investors were investing in cryto currency.

omegasoldier

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Quote from: AlehandroTheGreat on June 17, 2018, 05:43:23 PM

China ban bitcoin and crypto every year, and this still works perfectly , people selling, china buying Kiss

This ban is more of a political move, it doesn`t really prevent people from using it evidently.
I believe by this ban China took some sort of a time-out and launched research how it can serve the state`s purpose. I`m totally sure later they`ll lift the ban and start adopting it having the upper hand they gained during this research. In general, it will be the same as with all the other industries in China: they focus, they win.

Mhd-Bobbi

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Quote from: ohshiittt on January 16, 2018, 12:49:12 PM

After bans on exchanges and initial coin offerings, bitcoin miners fear they are next

That is not possible, mining should not be prohibited, but I want to know where you can say that mining is the next target.

rickadone

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Quote from: ohshiittt on January 16, 2018, 12:49:12 PM

After bans on exchanges and initial coin offerings, bitcoin miners fear they are next

I am guess just like all the websites that china copies and makes one for themselves, china one day will have their own national cryptocurrency, it will not be bitcoin and it will have a weird looking name but in the end it will be their own cryptocurrency that we can easily exchange and that will put a lot of money into the crypto world because there are a lot of rich people in china looking at the government trying to figure out what kind of approach china will have against the cyrpto currencies.

As soon as china creates a new coin and makes it legal to use those coins and creates a space where you can even buy and spend it, we will see a lot of money pouring into the crypto space.

digitalgame4life

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China has turned its back against a lot of things, google, youtube, and a few other platforms mainly used by the west, however I dont think China will turn its back against bitcoin because Chinese people are full into crypto and the Chinese government is also full into crypto, there is no way a country such as China is not into crypto, they are a very strategic country and I think they will come when least expected, it would be crazy that China is not supporting innovation and technology.

mokamoka

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China never hold positive attitudes towards these cryptocurrencies, for one side, it is of high risk; for the other, China cannot control it and cannot be the center during these market.

Dmitry.Vastov

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Quote from: ohshiittt on January 16, 2018, 12:49:12 PM

After bans on exchanges and initial coin offerings, bitcoin miners fear they are next

I don’t think that there is something to fear about, because bitcoin is a type of crypto currency of which people initially fear, then fear, then becomes against of it and then started loving it and we guys are in hating phase right now in which most of the people and countries are in against of bitcoin and its a thing of exclaiming that developed country like China has banned bitcoin because there are many other developed countries like South Korea, Japan, Florida has legalised bitcoin.

AlehandroTheGreat

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China ban bitcoin and crypto every year, and this still works perfectly , people selling, china buying Kiss

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