China to Shut Bitcoin Exchanges - winter is coming - page 2.

stomachgrowls

hero member

Activity: 2982

Merit: 790

Quote from: intrader on September 17, 2017, 06:26:31 AM

Quote from: mjsocool on September 11, 2017, 12:42:08 PM

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, btc will be stronger without china,do you think china really have big impact on btc?
After btc out from china market they will need 10x from current price to have btc again
The good news is bitcoin is legal in japan and worldwide

Knowing the truth it can really give an impact on Bitcoin knowing that China is a big player on this crypto currency world and knowing they are holding up the largest mining farms on bitcoin too.This is why this news is just really temporary even though there are exchanges have been closed already wondering whos next but eventually they would go operate again but they are already have a license.

yanto@1977

full member

Activity: 686

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: mjsocool on September 11, 2017, 12:42:08 PM

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.

intrader

hero member

Activity: 659

Merit: 502

Quote from: mjsocool on September 11, 2017, 12:42:08 PM

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, btc will be stronger without china,do you think china really have big impact on btc?
After btc out from china market they will need 10x from current price to have btc again
The good news is bitcoin is legal in japan and worldwide

eastwind_ja

hero member

Activity: 910

Merit: 500

Quote from: omonuyak on September 17, 2017, 03:15:58 AM

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.

omonuyak

sr. member

Activity: 882

Merit: 269

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.

starblocks

hero member

Activity: 1344

Merit: 502

One Chinese exchange just shut down I wonder when more will follow suit? Undecided

ibuddy122505

sr. member

Activity: 1057

Merit: 261

Don't believe such of media news! Lessons Learned from the Chinese Fud/News. This is why, people are scared, and getting rid of their crypto and ultimately the market has become extremely volatile. Just keep in mind that Nobody can stop Bitcoin.

Specterminate

newbie

Activity: 42

Merit: 0

today it's China, tomorrow it will be some other country. The point is that some regulation might attract more investors into the crypto markets, while the negative thing is that over regulating it might suffocate the market and BTC's price respectively

nelmari

sr. member

Activity: 504

Merit: 250

These are just rumors and speculations with no solid grounds that it could happen although yes you could say it will be bad for bitcoin and it could drop its price again especially if the news would come out that it will truly shut down bitcoin exchanges, but we'll see if it does happen.

dragon695

full member

Activity: 449

Merit: 103

Decentralized Ascending Auctions on Blockchain

many people can write thing on wsj. dont believe media anymore

eastwind_ja

hero member

Activity: 910

Merit: 500

are you a chinese, even chinese don't believe that winter will come if China Shut Bitcoin Exchanges . it is not a big deal, one country's policy means nothing to BTC.

MintCondition

legendary

Activity: 1147

Merit: 1007

Quote from: Bitcoincole on September 12, 2017, 05:53:52 AM

Quote from: starblocks on September 12, 2017, 05:40:48 AM

This is rumored to just be FUD or 'media hype' at this stage

I'd wait for an official statement before panicking

Shocked

Don't feel bad of what china shutdown bitcoin exchange because it was just a strategy for the players in china to lowdown the exchange currency of bitcoin for as the bitcoin holder got panic and sell in a low price because they think the bitcoin would reach it 5000 + for this year.

China been talked of the month in bitcointalk. It juat shows how influential China is in crypto and how they want us to see that they have power over manipulating the price of btc when they do some decisions. We need to be consistent on our decisions.

Bitcoincole

full member

Activity: 504

Merit: 102

Quote from: starblocks on September 12, 2017, 05:40:48 AM

This is rumored to just be FUD or 'media hype' at this stage

I'd wait for an official statement before panicking

Shocked

Don't feel bad of what china shutdown bitcoin exchange because it was just a strategy for the players in china to lowdown the exchange currency of bitcoin for as the bitcoin holder got panic and sell in a low price because they think the bitcoin would reach it 5000 + for this year.

starblocks

hero member

Activity: 1344

Merit: 502

This is rumored to just be FUD or 'media hype' at this stage

I'd wait for an official statement before panicking

Shocked

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

The news has been going in the last few days and we already felt the effect of it. But now it looks like the dumping has stopped because the price is going green at $4200+. The Chinese investors would just have to move their coins around like in Polo or Kraken and continue to do their trading activity. So for me, we have somewhat overcome this negative news already because the price seems recovering as of this time.

trecore4

sr. member

Activity: 658

Merit: 260

CryptoTalk.Org - Get Paid for every Post!

Yeah winter is coming and consider this as Christmas gift for us. Off course ban if bitcoin exchanges by china is good thing because frauds are no more into bitcoin industry. I don't trust the news completely as these are Chinese who have published it in their country but they are use to it and will get the regulations changes again.

The impact won't be very high and though it affects the bitcoin in terms of prices then also bitcoin can survive the whole dam thing of banning. This is not related to china only but whole world which is fan of bitcoin. Bitcoin is not staying in the china neither it was created by them so it's completely fine with whatever things they do with bitcoin. We should keep our investment ongoing as that is the only way to earn profits. The china, well it's getting wild.

orions.belt19

full member

Activity: 686

Merit: 146

Recently, a lot of various rumors and hoaxes have been spreading ever since China has announced the ICO ban. Some have panicked and spread out erroneous information because of misconceptions on the ICO ban. Along with this came a lot of false news making it hard to believe everything you read nowadays.

If the article you cited were to be true, it would be bad and inconvenient for the bitcoin users in China. From my understanding, China is a massive user of Bitcoin and also they recognized the use of Bitcoin as legal. It's a wonder as to why they would ban the exchanges given these circumstances and situation in their country. It is possible that news like this is only made to create a price drop and to scare some people, leading to unnecessary fear and panic.

foobarzoo

newbie

Activity: 9

Merit: 0

Just minor bump in the road. In the long term, no effect whatsoever.

Decentralized exchanges are coming anyway.

Carlsen

hero member

Activity: 910

Merit: 501

I have already read that the owners of some exchanges have already asked for a trading license in Hongkong.
Although Hongkong is part of China, they are an autonomous territiory as well.
It seems like the exchanges can keep on going if they have that license even if the central bank of China wants to shut them down.
Of course this is just a precaution because of all those rumors.
Maybe even just to calm the market down.

stunvn

full member

Activity: 266

Merit: 100

nah.

they will send their btc to foreign exchanges.

Topic: China to Shut Bitcoin Exchanges - winter is coming - page 2. (Read 1725 times)