China will ban BTC exhangers for good

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: oppochain on February 07, 2018, 04:45:19 AM

It seems to me that China has banned bitcoin for the purpose of publishing its own cryptocurrency, but I do not believe it. China has not yet reached such a powerful technology. I am more concerned that they are afraid that bitcoin trading will cause disorder in the economic market.

afraid? are you joking?

china GDP = 11 trillions USD per year Roll Eyes

do you know what it means that? you need over 60 years to count this amount.

BTC means nothing for China. They can spit on BTC and it's gone; same as USA.

oppochain

member

Activity: 101

Merit: 12

It seems to me that China has banned bitcoin for the purpose of publishing its own cryptocurrency, but I do not believe it. China has not yet reached such a powerful technology. I am more concerned that they are afraid that bitcoin trading will cause disorder in the economic market.

Vladv26

full member

Activity: 326

Merit: 103

OrangeFren.com

We can already see that since China started to bann exchangers and also trading the price of bitcoin,and not only, because the whole market is going down but I dont think we should see this as the end of bitcoin or cryptocurrencies. Yes,China owns the most quantity of bitcoin and there are the most miners but they can anytime move to another country since mining will be profitable for miners. Slowly, other countries will have more miners and bitcoin will come back and the price will increase again.

nazaididuan1

jr. member

Activity: 350

Merit: 1

The Chinese government is now trying to ban trading!

But I personally think it's very difficult to completely forbid it!

The Chinese market is very large, so many Chinese investors will use VPN to break the blockade!

China's digital market is down, probably because of the Chinese New Year!

adamantasaurus

sr. member

Activity: 728

Merit: 255

Quote from: mayax on February 05, 2018, 06:13:16 PM

Quote from: richardsNY on February 05, 2018, 05:28:10 PM

Quote from: mayax on February 05, 2018, 04:59:11 PM

The BTC will sink. It should be a normal move. China was a HUGE market.

Will it sink as hard as your overall credibility on this forum has sunk throughout the last year? China's actions won't at all prevent people from buying and selling Bitcoin through alternative ways. It's not for nothing that after the PBOC sanctions, and especially the shutdown of exchanges there the local trading market has literally exploded in volume/usage. China can prevent people from accessing whatever exchange or service through the internet, but they can't do anything of significance against the peer to peer market, and that's something you seem to ignore, because you (as always) try to force through your own selfish troll and fud agenda, but people more and more know what you're up to.

"alternative ways" is not the same as mainstream.

" peer to peer market" is almost zero as volume.
you are just a "libertarian" who is screaming "HODL or to the MOOON", same as someone screamed bitconnecttttt.

https://youtu.be/EhL2OWXZ26s?t=584 Grin

https://youtu.be/KTf5j9LDObk?t=65

Yea its not mainstream because most people don't know about p2p exchanges yet u boob, so that is why the trading volume is so low... smh as more regulations come more people will talk about p2p exchanges and hence they will become mainstream THINK!!!

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: richardsNY on February 05, 2018, 05:28:10 PM

Quote from: mayax on February 05, 2018, 04:59:11 PM

The BTC will sink. It should be a normal move. China was a HUGE market.

Will it sink as hard as your overall credibility on this forum has sunk throughout the last year? China's actions won't at all prevent people from buying and selling Bitcoin through alternative ways. It's not for nothing that after the PBOC sanctions, and especially the shutdown of exchanges there the local trading market has literally exploded in volume/usage. China can prevent people from accessing whatever exchange or service through the internet, but they can't do anything of significance against the peer to peer market, and that's something you seem to ignore, because you (as always) try to force through your own selfish troll and fud agenda, but people more and more know what you're up to.

"alternative ways" is not the same as mainstream.

" peer to peer market" is almost zero as volume.
you are just a "libertarian" who is screaming "HODL or to the MOOON", same as someone screamed bitconnecttttt.

https://youtu.be/EhL2OWXZ26s?t=584 Grin

https://youtu.be/KTf5j9LDObk?t=65

allthebitandbobs

sr. member

Activity: 1162

Merit: 252

news dont sound good .What will happen to the likes of kucoin exchange .I bought some of there shares Huh

.There base in Hong Kong i belive

orka39

member

Activity: 168

Merit: 47

Quote from: mayax on January 16, 2018, 08:35:18 AM

A senior Chinese central banker says authorities will ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.

Authorities will also block domestic and foreign websites and close mobile apps that provide centralized virtual currency trading services to Chinese users, and sanction platforms that provide virtual currency payment services.

So, bye-bye BTC in China. Cheesy

https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading

https://www.reuters.com/article/us-china-bitcoin/pboc-official-says-chinas-centralized-virtual-currency-trade-needs-to-end-source-idUSKBN1F50FZ

What is the meaning of the topic? For good? What is good from this situation? I could not find the good thing.
This situation makes our altcoin and bitcoin value big correction. I dont mean just this issue that make that correction but other too. But at least i dont see good effect with this like in the topic.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: mayax on February 05, 2018, 04:59:11 PM

The BTC will sink. It should be a normal move. China was a HUGE market.

Will it sink as hard as your overall credibility on this forum has sunk throughout the last year? China's actions won't at all prevent people from buying and selling Bitcoin through alternative ways. It's not for nothing that after the PBOC sanctions, and especially the shutdown of exchanges there the local trading market has literally exploded in volume/usage. China can prevent people from accessing whatever exchange or service through the internet, but they can't do anything of significance against the peer to peer market, and that's something you seem to ignore, because you (as always) try to force through your own selfish troll and fud agenda, but people more and more know what you're up to.

mayax

legendary

Activity: 1470

Merit: 1004

To the Mooonnnn Roll Eyes

mayax

legendary

Activity: 1470

Merit: 1004

https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/ Cheesy

Per the statement, authorities are moving to "ban all crypto-related commercial business including banning and blocking both domestic and offshore cryptocurrency trading platform websites."

"Once found, will be immediately shut down. The future depends on its development and does not rule out the possibility of unveiling further regulatory measures," the report further adds.

The BTC will sink. It should be a normal move. China was a HUGE market.

mOgliE

legendary

Activity: 1344

Merit: 1251

Indeed, there are trying to block btc..

Still, I highly doubt this can be enough. There are always other ways, other solutions... So maybe, it will slow down the number of exchanges but I don't think it will put an end to it.

And I guess that these are only "projects". So it should be voted before being implemented and again, I would say it is not that simple.

However, I must say that the mere fact that the Chinese government is dealing so adamantly with bitcoin must be taken seriously, as a warning sign.

tal golan

newbie

Activity: 17

Merit: 0

Quote from: mayax on January 16, 2018, 08:35:18 AM

A senior Chinese central banker says authorities will ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.

Authorities will also block domestic and foreign websites and close mobile apps that provide centralized virtual currency trading services to Chinese users, and sanction platforms that provide virtual currency payment services.

So, bye-bye BTC in China. Cheesy

https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading

https://www.reuters.com/article/us-china-bitcoin/pboc-official-says-chinas-centralized-virtual-currency-trade-needs-to-end-source-idUSKBN1F50FZ

Yes, these is bad.
This is why all the prices off the crypto world are going down.

Scorpion

hero member

Activity: 887

Merit: 516

Bitcoin OG

There's too much money to be made and technology innovations to take advantage of to just abandon it all. I think China just want to make sure everything is done by the book and they get their tax. They're not going to let cryptocurrency completely take over without getting their cut.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: boyeut on January 17, 2018, 03:45:08 AM

I think it is because they noticed that the value of bitcoin is getting higher than their paper money.

i think they noticed that it's used for frauds, fake volumes to deceives clients, scams, ICOs(HYIPs) and many other shits.

boyeut

newbie

Activity: 29

Merit: 0

I think it is because they noticed that the value of bitcoin is getting higher than their paper money.

Advicerabi

member

Activity: 210

Merit: 10

This bad news has already caused price bitcoin's getting low and other cryptocurrency, but although china ban bitcoin in their country this is can not make bitcoin die. Now as the holder bitcoin and other cryptocurrency that we can do is wait and try not to panic.

blinchain

member

Activity: 112

Merit: 15

This is not possible. China will only promulgate regulations to target bitcoin, but it is impossible to prohibit bitcoin. This is a different concept.
Bitcoin needs regulation, which is the consensus of all countries in the world. However, because of the poor regulation of the regulation, it was not announced.
Bitcoin has become an economic system in the world and can not be banned if the government wants to make money from it.

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: Washball on January 16, 2018, 04:57:45 PM

China and Korea might ban or regulate crypto exchanges, but they should take a look at Japan. In Japan bitcoin is accepted by numerous companies. But also in the western world there are countries that want to regulate cryptocurrency. In Europe countries like France and Germany plan to have regulations regarding cryptocurrencies. So, decentralized currencies still have a long way to go.

Right. Bitcoin isn't just about china. And i doubt that other countries will have an effect on china's decision concerning cryptos. The chinese government think too highly of themselves to do this. Korea may be swayed but we've proven it already in the past that crypto and bitcoin doesn't need china

Hedda Gabler

member

Activity: 112

Merit: 12

Quote from: letscoin

In china there is google and facebook also forbidden.
And in singapore there is chewing gum forbidden.

This is what happens when fascist governments take over a country.

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