Topic: China vs BTC? (Read 2074 times)
its just their scheme to manipulate the market.
Bitcoin is not accepted in China, but in some countries bitcoin is made as crypto currency.
China has dropped the value of Btcs in their country in terms of usage because it was affecting the local market in negative sense. According to the recent statistics the total share of the Chinese investors in the international market had dropped to the lowest level indeed and the currency of their own nationality has lost its value due to a high difference in the circulation rate as compared to the past.
Cryptocurrencies have increasing value because unlike national currencies which have no limits in the amounts issued, Cryptocoins have ceilings on the total number to be minted. At the rate the USA is issuing paper dollars, when will tt become worthless? As more and more people use the Internet, the value of cryptocoins will continue to increase.
China bitcoin and alternative coins have been banned, it does not harm Bitcoin, and I do not think it will affect Bitcoin. Bitcoin will run at its own pace.
I think bitcoin defeat china and bitcoin don’t need china anymore because bitcoin have achieved his goals almost from big countries have replaced china and I think they give extra respect and power to bitcoin so bitcoin is now very stable and powerful then before and as far as I know in coming time bitcoin will be accepted by some more countries. 
Bitcoin is not accepted in China, but in some countries bitcoin is made as crypto currency.
Can someone explain to me why china is trying to ban bitcoin.?
Thanks for your replies.
Thanks for your replies.
there are many violations that occurred in china country. until china prohibits the use of bitcoin and other crypto. originally sourced from a scam ico developer. according to a news source I read.
have many explanations about china and its ban. so now it's not important, because after china goes bitcoin keeps increasing. so china is not a problem for bitcoin.
Maybe the Chinese country just wants to take advantage only after there is a cover of various news ico So hunter rush to sell coins at low prices and make them fail.That's where China started buying it and will sell back when the price is stable to earn a big income.
Because bitcoin is uncontrolled, the Chinese government can not control bitcoin and ruin the economy. Bitcoins are exploited by lawless elements and criminals use bitcoin for criminal transactions. However, bitcoin is anonymous and the Chinese government can not find criminals. The Chinese government does not like bitcoin.
Can someone explain to me why china is trying to ban bitcoin.?
Thanks for your replies.
The reason is that china being a communist state does not want liberalization among the country people in any way.We know very well that china does not want transparency in any of its activities.Allowing bitcoin means allowing people directly to have financial freedom and it fears that it would make its people to go out of its hands.By enjoying financial freedom,they might start to get liberal ideas and may even start questioning the government's activities.So,they just don't want such things to happen. Thanks for your replies.
China has no pricing power for bitcoin, and the exchange has basically been shut down under the Chinese government's crackdown. Bitcoin is globalized and will no longer be subject to price controls in China.
Is the BTC still expected to fall?
yes bitcoin has decrease dramatically after china bans online exchanges and ico's because as we see china is a big country with a large population of people that is mostly business men and likes to do business or trades thats why most crypto users are from them. though bitcoin will still expected to fail even with or without china due to some other factors like forks and segwit, demand and supply , etc..
If you will check bitcoin's price it is still above the $7000 level, this is after the statement that China will ban bitcoin and after the confirmation that segwit2x is canceled it only means that more and more people are into bitcoin now and the price that we have is because of the higher demand from those people.
Is the BTC still expected to fall?
yes bitcoin has decrease dramatically after china bans online exchanges and ico's because as we see china is a big country with a large population of people that is mostly business men and likes to do business or trades thats why most crypto users are from them. though bitcoin will still expected to fail even with or without china due to some other factors like forks and segwit, demand and supply , etc..
china prohibits bitcoin in their country, but still many countries also accept bitcoin as virtual currency.
China bitcoin and alternative coins have been banned, it does not harm Bitcoin, and I do not think it will affect Bitcoin. Bitcoin will run at its own pace.
china has only banned some online exchanges and not totally bitcoin and alternative coins and it actually does affect the value of bitcoin recently but then again bitcoin is stil recovering because it is unstoppable and no one can stop his glory not even countries which has a big influence to bitcoin like china and russia . though ive heard a news recently that china is again accepting bitcoin.
China bitcoin and alternative coins have been banned, it does not harm Bitcoin, and I do not think it will affect Bitcoin. Bitcoin will run at its own pace.
china has only banned some online exchanges and not totally bitcoin and alternative coins and it actually does affect the value of bitcoin recently but then again bitcoin is stil recovering because it is unstoppable and no one can stop his glory not even countries which has a big influence to bitcoin like china and russia . though ive heard a news recently that china is again accepting bitcoin.
China bitcoin and alternative coins have been banned, it does not harm Bitcoin, and I do not think it will affect Bitcoin. Bitcoin will run at its own pace.
they do the same two years ago. its a bluff, in 6 months they will operating normaly. (remember that)
I guess so. Already hearing rumours about China going to unban exchanges and resume trading by licensing exchanges. I am assuming China is just trying to make sure the exchanges are following their strict fiscal laws.
they do the same two years ago. its a bluff, in 6 months they will operating normaly. (remember that)
China isn't banning BTC for now and won't ban BTC any time soon
China has just banned the ICO and may not ban BTC because the institutions had invested heavily from beginning and they might be earning good profits and thus this gives revenue to the country. So they would not like to lose out the revenue and thus may make it available for their citizens to trade and use it.
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