Topic: China May Reverse Bitcoin Band (Read 962 times)
In the past years china has had it's fight with bitcoin so it's nothing usual until now. I'm sure that things will be ok after the ban is lift or whatever problem they have there. Keep your head up and watch bitcoin closely.
Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?
https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
It didn't even have an impact on Bitcoin. So really it only matters to some Chinese citizens which abide by the laws. It literally had zero impact on the price of bitcoin.
Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?
https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
China, man is trying to prove something to other countries, they know that they contribute a lot to the crypto community by mining and by banning bitcoin they are trying to say that China cannot be beaten in that aspect (if they ban bitcoin no country would be powerful enough to do such mining and eventually they will come back)or something like that, it was mentioned in an article. https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
However, bitcoin crossed 5800$ this morning and it increased about a thousand dollars since yesterday, so China I believe you got your answer.
Someday this is gonna happen because of the high profitability of bitcoin ony a fool can resist to its use. China also want to make some profits so they might reverse the ban of bitcoin
Reverse it or not, china doesn't have that effect on the general bitcoin market anymore. It would probably be good news for the people there trading but as we can see, outside china, bitcoin has hit another record high.
Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.
That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.
I do not think that China is going to reverse the ban on BitCoin.
It is good to use Bitcoin but there are many ways to hid black money, using BitCoin as well and due to this reason, I do not think China is going to allow it.
China has a corruption problem and they want to fix it. So, the Chinese government will not lift a ban on Bitcoin in near future.
It is good to use Bitcoin but there are many ways to hid black money, using BitCoin as well and due to this reason, I do not think China is going to allow it.
China has a corruption problem and they want to fix it. So, the Chinese government will not lift a ban on Bitcoin in near future.
Someday this is gonna happen because of the high profitability of bitcoin ony a fool can resist to its use. China also want to make some profits so they might reverse the ban of bitcoin
The Chinese are insolent, they climb everywhere, they want to be the first in everything. They want to gain control over bitcoin and this is correct because there is a future behind it. By controlling bitcoin, you control the whole world.
but unfortunately, china can not controlling bitcoin and this is why they are make some panic news for the people so they are selling their bitcoin with fast. many things that we can see that news from china is really makes affect with bitcoin price especially with new people which don't know much about bitcoin itself. and i think when the price now is more than $5xxx, china will come back again with their power to trying to control bitcoin (again).
The Chinese are insolent, they climb everywhere, they want to be the first in everything. They want to gain control over bitcoin and this is correct because there is a future behind it. By controlling bitcoin, you control the whole world.
Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?
https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
China, man is trying to prove something to other countries, they know that they contribute a lot to the crypto community by mining and by banning bitcoin they are trying to say that China cannot be beaten in that aspect (if they ban bitcoin no country would be powerful enough to do such mining and eventually they will come back)or something like that, it was mentioned in an article. https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769
However, bitcoin crossed 5800$ this morning and it increased about a thousand dollars since yesterday, so China I believe you got your answer.
I disagree with you and the article was simply when I wrote this article because when I was writing this post the bitcoin was up to $ 5800 I know bitcoin mines are mostly in China but not so This field affects the current bitcoin price. They (China) have manually banned bitcoins and ICOs and virtual currencies for their benefit so every bitcoin user has turned their back on China and into better markets like Japan and Korea. The evidence is that when China shut down Chinese trading floors, bitcoin prices have been falling for a short time and now it is rising the most strongly before reaching the fork stage.
China has a very proud, stubborn and power hungry governement so i.don't think we'll likely see a reversal soon unless they find a way to regulate bitcoin and crypto trading. They're anxious over things that are not completely under their control
I'll be not surprised if China will change their decision and will adopt the digital currency maybe after the pump that is happening now in the price of bitcoin China will no longer ban bitcoin, anyway whether they banned bitcoin or not it will not matter bitcoin will continue to grow and more country will accept it and adopt it.
Hey I would like to point out certain points :-
1. China was looking forward to controlling the money outflow , and there had been rumors that they were going to introduce a new cryptocurrency, I know nothing about how true the rumors are but suddenly banning all ICO'S and Bitcoin possession did... Take a toll on the price of the Bitcoin in the market.
2. China what it wants what it doesn't shouldn't be of our concern since, bitcoins recovered from its ban and also they are now stronger than before thus I doubt if China is needed anymore for the regulation of money and crowd.
3. The recent declaration of war between US and North Korea, China is playing a major part thus if they are going to do something I doubt if it will be done anytime soon.
4. Bitcoins are now gaining power and command over many countries and I think they will be accepted as a global currency soon thus China will anyways will remove the ban if they don't want to be left behind.
I was of the thinking that bitcoin ban in china
Was only temporary but i am seeing a lot of
reasons as to why i might change my opinion.
China has nothing to gain from allowing its citizens
To use bitcoin. Why would china be left behind?
No country has yet to 'legalise' bitcoin and erase
Their own fiat currency.
China is still banning their citizens from accessing
Everyday websites, websites we in the west take for
Granted, why now would they allow their citizens to
Be involved in something they cannot really regulate
Or control. Because bitcoin is web based they instead
Just ban it.
Hey I would like to point out certain points :-
1. China was looking forward to controlling the money outflow , and there had been rumors that they were going to introduce a new cryptocurrency, I know nothing about how true the rumors are but suddenly banning all ICO'S and Bitcoin possession did... Take a toll on the price of the Bitcoin in the market.
2. China what it wants what it doesn't shouldn't be of our concern since, bitcoins recovered from its ban and also they are now stronger than before thus I doubt if China is needed anymore for the regulation of money and crowd.
3. The recent declaration of war between US and North Korea, China is playing a major part thus if they are going to do something I doubt if it will be done anytime soon.
4. Bitcoins are now gaining power and command over many countries and I think they will be accepted as a global currency soon thus China will anyways will remove the ban if they don't want to be left behind.
Expected from a country who wants to monopolize everything that includes the cryptocurrency over bitcoin. We are all sick of the games of the china of the banning, they can ban bitcoin as long as they want, they are not bitcoins oxygen tank just to survive to the market, bitcoin is owned by us not the Chinese government who relay a scripted drama over the community.
Enough with that China ban drama. Im sick and tired of all their nonsense. China don't have the power over bitcoin anymore. No wonder why Japan surpassed China from the being the biggest cryptocurrency market in the world. I don't care about China's action against. Ban bitcoin if they want. Japan is right behind them to take over. But in my opinion, China will not going to ban bitcoin or even mining there. I always seeing China is going to ban cryptocurrency. I forget how many times they said that. But it didn't happen. They are manipulating bitcoin. And gullible people buy their drama.
I posted long before China will regret for its decision finally they only be the losers. Recently Russian rumour also happened no body bothered to concentrate on that silently that is vanishing.
I dont think china will banned bitcoin, and wont lift any of the banned, China will set regulation for the exchanger, I think there are no manipulating news, China really serious want to set regulation and want to try to control crypto currencies, but I think the government is testing us, the government want to know by banning the exchanger what will be the effect to the bitcoin
China is not going to ban bitcoin, as most of the miner are from China. I am sure that they may be doing some calculation or may have some other reason that they are banning ICOs, but I think that this bane may be not permanent and they will surely release bane from ICOs and other crypto trading after some time. Because in modern time we all are going to depend mostly on crypto currencies. 
As others have said china likes to control its country eventhough over the last number of years it has opened up because of its global trading strength. There are other sites which are still blocked from google to facebook and many other news and social media sites so i cannot see the bitcoin ban being lifted because china is still controling its people
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