Topic: China will block all sites related to cryptocurrency and ICO - page 3. (Read 514 times)

Is there any authentication to this news!!!
Don't create FUD or panic in the market. People like you who don't understand market start making such rumors and some panic sellers start exiting the market.
There is nothing such happening in China against Cryptocurrency. Even Chinese govt. is supporting Mining manufacturing units so that they can easily export miners to various locations in the world.

I believe also that this is just a fake news, this happens so many times this year and they succeed on bringing the price of bitcoin down now learn from this situation. Bitcoin are being spread world if China makes unclear statement or even other countries don’t put yourself on panic because there’s still have other countries that believes on the potential of cryptocurrency, so better not to focus on news like this unless its final.

yes it can happen because the Chinese government feels there will be money laundering, hacking, exploitation by illegal elements, and so on. If most of the future capital flows are dominated by bitcoin, the two countries' goal to do so is simple. The United States is accustomed to using the flow of dollars to control the world. The US wants to control not only specific calculations, exchange and development teams, but also the strength of bitcoin prices. Controlling the power of prices is equivalent to withholding calculators, bursa, and developers around the world because this role essentially runs the price.

there is no problem even if china block bitcoin . but this a fake news only bitcoin network not relay on china or any other countries bitcoin have great online presence .
so please don't worry about fake news just concentrate on your investment do not take any bold step its may leads huge loss

Less sure of the stated statement, some says it's true and some others says it's not true, but i appreciate which's what you know.
I think that even if it does happened.. i think the people who are was closer to cryptos will still find a way to deal with it, but i don't think it's convincing that all the sites related with cryptos and ICOs will be blocked, that's not easy.
well about this, i just hope it's never would be happened in my country.

hi
as a decentralized system, cryptocurrency is very power full way to use intermediary payment method which we can use. lots of people use cryptocurrency because of weaknesses of banking system. but when we use this system to do transactions, there is a huge problem to government to collect taxes and fees. therefore, government try to prohibit this system. but, although they announce by creating laws, they cannot do it because this system is decentralized.     

They never said about banning the Bitcoin in their country, they want to control the flow of their currency to other countries. They are really talking lot of steps to legalize cryptocurrency but we don't know until we get confirmation from their governments.

it will be a fundamental mistake that will negatively affect the economy and development of the country (in the coming decades).
Perhaps they have a cunning plan for leadership in this segment, we'll see.

Last year they ban Bitcoin and the ICO but they lifted the ban with the reason of regulation to ensure the safety of their people. Now they will ban it again for the same reason of regulating. I think security of the nation is not the real reason of this ban but to try to manipulate Bitcoin price so that they could control the price value of it in favor of their economy. No doubt they will lift the ban again if they failed to do so.

This is insane & completely unreasonable.

This clearly shows the governments fear of self powered individuals.

It's truly unfortunate.

China is the one to blame when the bitcoin price crash before because they always say that it will be banned and then later on retract their statements. Later on, some people get over it but others do not wherein every time it says ban, bitcoin price still goes down until such time when South Korea and Japan claim its crypto market share from China so China do not have that impact anymore when it says ban. In fact, it maybe good to the crypto world that they don't want to be involve with Crypto anymore because as what others say, when something is block by China, it becomes more popular like Google and Facebook.

The manipulators now use South Korea and Japan instead in spreading FUD to make the price lower and of course, there would be an impact because they have huge market share but we can see that after some time bitcoin recovers. It is just sad that some Chinese would not be able to trade crypto anymore unless they go to other countries.

Don't you worry, I'm sure that they are looking at bitcoin mining farms and then the whole crypto itself. Just a matter of time that it will happened. I don't fucking care about the Chinese now, they are a bunch of pussies spreading lies and trying to bring the market to its knees because they really hate crypto's.

Yes, they are very selfish, they only care about themselves and not their people. I'm sure a lot of Chinese resentment their government's decision but they can't do anything about it because they are under control. Actually everything is under control.

So the next time to hear something about China and crypto, I urge everyone to just ignore it and don't be affected.

Through out the century, manipulating is not new in any genre and it can be use for the seek of advantage in area. The most powerful people are using this strategy to gain some sympathy of most people that doesn't have any idea what is really going on. Just like media, television, newspaper, and internet, these instrument that could send a message to everyone is their biggest tools. That's why we should be very vigilant and nosy at the same time, so we should know what is the real truth behind all of this lies that they fed to the people.

They can try to ban it. China is well known for their control. Nothing unusual. It's not just with crypto. Everything that is threatening to government it is well controlled.
Population control, Tibet, Hong Kong and many other examples. I think that is not realistic to see such a control in next 50 years with all this technology today.
North Korea is an extreme example, but that dark won't last forever. People will see the light some day.

Manipulation game can really happen anytime since they are capable enough to do such thing which it is expected that they would really do such step that's why I don't have trust into each government.They can create fuds and false news to mainly affect cryptomarket which would really make some effects into its prices.

Maybe that dude above doesn't even read up on recent news on whats happening on cryptoworld or just a new person who do jump in to this field which is normal that he wont able to know recent and previous happenings as of now.

why are they doing this?Bad situation for crypto..I hope this is not real.I do not want to lose money 

They are blocking the foreign exchanges, till now we didn't hear anything about the news whether they are banning the cryptocurrencies. I think people are spreading the negative news about China, really they are looking in to further that it should damage their economic growth.

No. It's impossible to figure out what's real and what not in a market where even the authorities aren't shy of playing the manipulation game. South Korea has been a perfect example of how even government officials can't be trusted.


Have you been living under a rock or what? Chinese exchanges were forced to shut down a good number of months ago, so that does in fact imply that China has been cracking down on everything related to all types of exchange based trading platforms and services. People after that reverted to their local markets in order to bypass these restrictions, and even to Hong Kong based exchanges. Currently China is trying to intensify their anti crypto regulations, which basically means that they (if we have to believe various unconfirmed sources) are looking to banish everything related to crypto in the coming months/years.

No I do not believe that china will ban crypto currencies and trading crypto or buying and selling crypto through the situated exchange. Chinese market is one of the pioneer market of crypto.

In the digital diary emol economy, i lost the link.
A news item on 5/2:
The recent acquisition of the Chinese company BTCC, one of the three largest Bitcoin exchange operators in the country, by a blockchain investment fund in Hong Kong is the latest example that confirms the Chinese authorities' willingness to put an end to the business of cryptocurrencies. After the purchase, the company will focus exclusively on the international market and abandon its business of exchanging virtual currencies in mainland China, where the Government continues its efforts to put an end to this business. China has so far been the leading location for the cryptocurrency exchange business and hosts the world's largest community of Bitcoin "miners", computers that update and approve bitcoin transactions through blocks that are linked to a chain of data. According to estimates of January of the British consultant Capital Economics, until recently, 70% of the Bitcoin mining in the world was done in the Asian giant. "Most of the Bitcoin trading was done in renminbi (the Chinese currency, also called yuan) until the government began to prevent it, now the proportion of mining that takes place in China has fallen to 50% and currencies which are used are the dollar, the euro, the yen and the South Korean won, "the firm says.