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Topic: China to Shut Bitcoin Exchanges - winter is coming (Read 1760 times)

hero member
Activity: 1778
Merit: 504
WorkAsPro
it's like rumor news. although that happens of course this is not the end of bitcoin, this is not bad news for bitcoin.china only part..but full of some countries willing to open exchange with bitcoin you see bitcoin now still sturdy and standing upright above 4000 $ .so so this news is not something to be afraid of.
I agree with you . China tried to make untrue rumors to bring the market into crisis but they failed. I think the Chinese are very smart because they hit the psychology of the investors very well and surely those who do not keep calm will surely fail.
member
Activity: 84
Merit: 10
what is the site address ?
jr. member
Activity: 266
Merit: 1
All Chinese regulators want - is what stock exchange will have a license, like classic one
newbie
Activity: 17
Merit: 0
You people have too much faith in Bitcoin. It can crash and burn, maybe it won't be destroyed completely but I would like to see how many real 'hodlers' there are when the price crashes 80%.
full member
Activity: 140
Merit: 100
just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
 Cry is this bad for us

The news only supposed to hurt those who are emotionally inclined to there lost profit even though it can be prevented only if patience is presence. It is bad to bitcoin but on temporary only while other or most investors are waiting for this the whole time. It does more good than bad at the end as we saw how bitcoin become stronger and stronger every time.
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
it's like rumor news. although that happens of course this is not the end of bitcoin, this is not bad news for bitcoin.china only part..but full of some countries willing to open exchange with bitcoin you see bitcoin now still sturdy and standing upright above 4000 $ .so so this news is not something to be afraid of.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
There is no need to worry guys i just read the news from china that they will legalize the bitcoins in their country, Another thing is that if you will notice the value of bitcoins in the market is slightly rising again.
From what I've heard, they didn't legalize bitcoin just as yet but tighten the rules about bitcoin, the closing down of some exchanges also because they're not capable or didn't qualify to be licensed exchange in China
but now, winter has changed to summer, the bitcoin price is now recovering and above $4k, this closing down of many exchanges actually bring good impact, also the regulation released by china means they recognise bitcoin so it's good.

The price recovery of bitcoin is so good right now and this one seems pretty strong enough to get back again to 4k$ at piece so no wonder this winter could bring heat minded into cool and bitcoins by this time will come up and regain back its natural price level. And we should hold more and with for further pump let see how things would go for it when october will come.
full member
Activity: 462
Merit: 100
SOL.BIOKRIPT.COM
I just read that news.  In my opinion, even If china regularized the use of bitcoins, many other big and progressive country still using bitcoins. Maybe there's a slight effect but still bitcoins will soar up high again
legendary
Activity: 3108
Merit: 1029
There is no need to worry guys i just read the news from china that they will legalize the bitcoins in their country, Another thing is that if you will notice the value of bitcoins in the market is slightly rising again.
From what I've heard, they didn't legalize bitcoin just as yet but tighten the rules about bitcoin, the closing down of some exchanges also because they're not capable or didn't qualify to be licensed exchange in China
but now, winter has changed to summer, the bitcoin price is now recovering and above $4k, this closing down of many exchanges actually bring good impact, also the regulation released by china means they recognise bitcoin so it's good.
full member
Activity: 961
Merit: 110
SweetBet.com
Bitcoin will go on with or without China. Nothing can stop it Smiley
full member
Activity: 378
Merit: 100
When Football meets Crypto
There is no need to worry guys i just read the news from china that they will legalize the bitcoins in their country, Another thing is that if you will notice the value of bitcoins in the market is slightly rising again.
hero member
Activity: 672
Merit: 500
I don't think any more exchanges are going to be shut because september is almost half way and closing down a exchange in a short notice is impossible most likely only few major exchanges will be shut until they bring some regulation or whatever they are planning to do in the future
full member
Activity: 868
Merit: 151
If you have faith in bitcoin, you shouldn't have to worry much if there is a bad or good news in crypto.

Only thing we need to worry is that what if other countries follow China's decisions. We have seen how the ban of ICO has resulted in the drop in prices . To an extent it will fall of Chona ban Bitcoin itaelf but it could also lead other countries to think about it and how they react to this will depend where the prices of the coin will move .
sr. member
Activity: 1106
Merit: 252
Dextrust.org #Defi
Individuals all over the world are starting to use cryptocurrencies for small every day transactions ,

Two U.S. congressional representatives have introduced a bill that would reduce bitcoin tax reporting requirements. If the bill is signed into law, U.S. bitcoin users would no longer have to report transactions worth less than $600.

Maybe China Will be imitating what the United States does.
newbie
Activity: 32
Merit: 0
If you have faith in bitcoin, you shouldn't have to worry much if there is a bad or good news in crypto.
sr. member
Activity: 291
Merit: 250
You are right,
it is so scary.
I imagine that Chinese would sell their coins and it may be a short term panic sell.

Probably, I dont know, I would like to check other opinion on this thread
legendary
Activity: 1638
Merit: 1001
Japan where cryptocurrency is legal currency can save us from stupid China gouverment decisions. Yaun is devaluated - so lets ban btc, not upgrade economic  Huh XIX summit of  Communist Party of China is take place soon, I think PBOC will more soft after
hero member
Activity: 1148
Merit: 523
CryptoTalk.Org - Get Paid for every Post!
just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
 Cry is this bad for us

No worry about that, China has power to decides what the best for their own country, we can't do nothing. Besides that, exchanges not only in China. We can find it around the world or even exchange from trusted friend. For me, it's just speculation and will go as soon as possible. Have a nice day.

well western exchange will play a lot from now since china seems to be really serious about this matter and they are feeling that this crypto industry
really threatening their economy so for now maybe we will see more exchange to be temp or permanently closed.

This is also a one of the reason why bitcoin is now banned in China. If any new currency replace their Currency means,they will loss his entire Economy system and the value of their Currency to the crypto. So only they banned Bitcoin a week ago.But they can't control the bitcoin user.So only the start of Accepting bitcoin.
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
I do believe this is going to be a temporary ban as the arm of Chinese government is to regulate the activities of trading exchanger's platform and ICO project. I read an article online that Chinese regulatory authority want to make blockchain technology more profitable to their citizen and thus the government must protect the citizens from scamming activities.
not  so simple.  chinese regulators  are afraid of  losing  control  of   ecnomic markets,  so they may shut down  btc exchages  for a long time until  the world accept  BTC  better. 
Maybe forever, because they do not need to open if they want this FUD can affects the mentality of traders unstable in a long time. Then, they will have much time to buy Bitcoin till enough to create new trend and continue earn profit, very easy to make money Cool
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
 Cry is this bad for us

No worry about that, China has power to decides what the best for their own country, we can't do nothing. Besides that, exchanges not only in China. We can find it around the world or even exchange from trusted friend. For me, it's just speculation and will go as soon as possible. Have a nice day.

well western exchange will play a lot from now since china seems to be really serious about this matter and they are feeling that this crypto industry
really threatening their economy so for now maybe we will see more exchange to be temp or permanently closed.
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