CHINA will halts all Bitcoins exchange....

swscowods

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Quote from: blackmagician on October 02, 2017, 09:47:56 AM

Quote from: player514 on September 14, 2017, 04:39:50 PM

Quote from: rgm108 on September 14, 2017, 04:29:20 PM

It's all politics. They're a communist country, people buying bitcoins and getting filthy rich doesn't fit that model.

That's my view on it anyway or perhaps it's because the government can't manipulate it.

I definitely agree with you. The Chinese Government is trying to make the most out of their residents as they can. Since Bitcoin avoids taxes and fees charged from the Govt, it is seen as a threat to their desire to grow richer and stronger.

This mght be answer why china will ban exchanges on thier country this month. The government cant manipulate the price of bitcoin, they dont have any power to control it, and the most special thing that bitcoin have and govt dont like it because of no tax and fees.

This is actually the dilemma in our society that we want to control anything that can be under our supervision. Same happened with all these governments of more than 150 countries.

They know the beauties of bitcoins but the only reason they are not legalizing bitcoins is the aspect of being independent. They want to control bitcoins and bitcoin couldn’t make this happen.

michellee

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Quote from: Jake052478 on September 14, 2017, 08:44:35 AM

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

I am sure that bitcoin will still survive no matter if there is any bad news is happen in out there. the last time that china wants to close all exchanges, it makes the price is down but not too long, the price is back normal and now it reach more than $4xxx. I think people become smart and become not to be panic when one or more bad news is out and this is good because people now is realize that bitcoin is getting stronger. I think china wants to make people panic once more but I hope that the news is not true and people is not affect because of that news and still calm and bitcoin price will reach more higher.

cryp24x

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Quote from: blackmagician on October 02, 2017, 09:47:56 AM

Quote from: player514 on September 14, 2017, 04:39:50 PM

Quote from: rgm108 on September 14, 2017, 04:29:20 PM

It's all politics. They're a communist country, people buying bitcoins and getting filthy rich doesn't fit that model.

That's my view on it anyway or perhaps it's because the government can't manipulate it.

I definitely agree with you. The Chinese Government is trying to make the most out of their residents as they can. Since Bitcoin avoids taxes and fees charged from the Govt, it is seen as a threat to their desire to grow richer and stronger.

This mght be answer why china will ban exchanges on thier country this month. The government cant manipulate the price of bitcoin, they dont have any power to control it, and the most special thing that bitcoin have and govt dont like it because of no tax and fees.

It is not the reason. The actual reason is that China wants to implement a cleaner bitcoin environment by eliminating exchanges that is not fully licensed in their country. It was stated and confirmed that these exchanges have no formal or official license to operate in the mainland Chiina. So before they can continue, they need to comply with the requirement of the government of China.

alfaruq

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Quote from: Jake052478 on September 14, 2017, 08:44:35 AM

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

I think even though bitcoin price drops because china stops the bitcoin exchange and operations but bitcoin prices will continue to increase in the future because currently the popularity of bitcoin more famous to increase the value of invesment. beside that, it could be in the future of china re-allowing bitcoin exchange and operations

clrpod

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China did not halt all bitcoin exchanges, a couple shut down because they were not properly regulated and others have been given more time to meet certain criteria. ICOs were banned but exchanges were not.

ss890

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Quote from: Value Coin on September 17, 2017, 10:42:57 AM

It's obvious bitcoin will not go away, it's here to stay. But China can really hurt the price. If I remember correctly, about 70% of bitcoin trading happens from China and about the same amount of miners are running on that country. So closing it there, will definitely have a short term impact.
On the other hand there are tons of other cryptocurrencies and if really worried about a bigger drop... maybe you should check this new token backed by a real asset www.valuecoinfund.com that i'm creating.

How do you get those number? About 70% of trading happens in the china? That's not possible, if that Eula have been the case then we could have lost bitcoin already as we would have lost 70% market.

China use to hurt the price but that day is gone now and there are all new days coming for us with full of profits and goodie. Thinking to invest more on that basis as china won't be around. Lols.

MostHigh

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I understand your concerns but it is not about the population of users along, remember there is mining. China does very well on the market because of the availability of cheap labour and electricity. This is important for industrialization in recent times. I strongly believe Africa could be a hub of economic development if leaders can stick to economic development through industrialization and communal development activities. The numbers are important for growth of btc but its more than that. We need power and the will

michkima

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It is sad news indeed, however these ICOs had it coming. ICOs have been rampant these days and it is really getting out of hand. A lot of them are just plain stupid already. Remember the CONCOINs before? The coin of the convicts? That's a really stupid coin to begin with. How can convicts even trade coins, they do not have smart phones even in prison!

Lieldoryn

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Again we see an example of news without reference to the official resource of China. Maybe someone does not give rest to the daily news about the growth of bitcoin. It's not a giant jump we saw early in the year but it is a well-established upward trend. We'll see. If you do not panic even true, such news will not be able to do the dump.

blackmagician

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Quote from: player514 on September 14, 2017, 04:39:50 PM

Quote from: rgm108 on September 14, 2017, 04:29:20 PM

It's all politics. They're a communist country, people buying bitcoins and getting filthy rich doesn't fit that model.

That's my view on it anyway or perhaps it's because the government can't manipulate it.

I definitely agree with you. The Chinese Government is trying to make the most out of their residents as they can. Since Bitcoin avoids taxes and fees charged from the Govt, it is seen as a threat to their desire to grow richer and stronger.

This mght be answer why china will ban exchanges on thier country this month. The government cant manipulate the price of bitcoin, they dont have any power to control it, and the most special thing that bitcoin have and govt dont like it because of no tax and fees.

katiecbell

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Quote from: Script on September 14, 2017, 10:29:56 AM

Quote from: Jake052478 on September 14, 2017, 08:44:35 AM

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Not only bitcoin will survive, it will thrive.

Back in the day, Silk Road was supposed to be the reason for bitcoin's high value, then Silk road went down and a flash crash happened and panic and all that stuff, then bitcoin went all time high. Cheesy

Don't sell cheap.

I remember this silk road incident and I was so stupid enough to quickly sell. That is why sometimes, it is always good to have some of these experiences for the future. Bitcoin has survived worst than this, and getting worried now is not even an option.

bassong

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Quote from: hase0278 on October 02, 2017, 06:39:08 AM

Quote from: super5star on October 02, 2017, 05:25:53 AM

I won't be surprised too that is another fake news. It is not the first time. We may start hearing tomorrow that the statement made was misunderstood. Like I have been saying, whales are really doing a very good job.

It is not that much of a fake news anymore. In fact there are some confirmations about it on trusted sources but China only halted exchanges just because they imposed that all business related ICO's should also have permits to operate and without it, they will need to be banned or shut downed in order for them to cease operation. Sooner or later we will see things getting back to normal as new local exchanges with permits opens up in China.

The good news is that despite the impending ban from China, things are looking up price wise. It will also be good if most btc mining isnt in the hands of a few in Chine, although I am yet to hear or see how the ongoing situation will affect the Chinese miners.

hase0278

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Quote from: super5star on October 02, 2017, 05:25:53 AM

I won't be surprised too that is another fake news. It is not the first time. We may start hearing tomorrow that the statement made was misunderstood. Like I have been saying, whales are really doing a very good job.

It is not that much of a fake news anymore. In fact there are some confirmations about it on trusted sources but China only halted exchanges just because they imposed that all business related ICO's should also have permits to operate and without it, they will need to be banned or shut downed in order for them to cease operation. Sooner or later we will see things getting back to normal as new local exchanges with permits opens up in China.

super5star

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Quote from: bn88 on September 14, 2017, 10:17:24 AM

Believe or now. I'm sure with you this is a fake new that was given by chinese "bitcoin holders" . They want to the price of Bitcoin reaches to the bottom then they can spend all their money to gathering bitcoin again and make the price of bitcoin reach to the moon. This is an old stragedy that Chineses used before.

I won't be surprised too that is another fake news. It is not the first time. We may start hearing tomorrow that the statement made was misunderstood. Like I have been saying, whales are really doing a very good job.

rocketbits

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Quote from: quarkyplum on September 14, 2017, 11:57:29 PM

Quote from: v0rtecxz on September 14, 2017, 07:35:51 PM

Many people panic about it, and sell their bitcoin, because they do not want to suffer huge losses, of course it will affect people who keep their bitcoin, because this policy makes a considerable impact and felt by the traders, so far I think . I will continue to wait for the price to reach the lowest point and buy a lot of bitcoin so I can hold it and hold it, because I think bitcoin will recover.

Yeah, me too. But I do not want to hold my Bitcoin because I like earn profit from short term trade than hold in long term. Of course it does not mean I never hold my Bitcoin for long term, but not too many.

I must suggest you to hold most of your Bitcoins so that you may be able to grasp the maximum amount of profit in the future. As far as China is concerned, I think this is not a piece of cake like this will not happen quite easily. China, no doubt is trying hard to take control over all this, but I think this will never going to happen.

Value Coin

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It's obvious bitcoin will not go away, it's here to stay. But China can really hurt the price. If I remember correctly, about 70% of bitcoin trading happens from China and about the same amount of miners are running on that country. So closing it there, will definitely have a short term impact.
On the other hand there are tons of other cryptocurrencies and if really worried about a bigger drop... maybe you should check this new token backed by a real asset www.valuecoinfund.com that i'm creating.

iram1011

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Quote from: Jake052478 on September 14, 2017, 08:44:35 AM

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Investment assets doesn't work this way. It is never like if you fill the void left by Chinese investors, you can save the price from dropping. It depends upon buying and selling activity. If someone sells Bitcoin at lower price and many other join, then price will go down and vice versa. Unless you are directly giving private keys of Chinese bitcoin holders to new investors, there is no way you can save the price from dropping during major selling period that usually happens with the spread of negative news. However, the price can always recover.

batang_bitcoin

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Quote from: Jake052478 on September 14, 2017, 08:44:35 AM

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Bitcoin will survive no matter what happens, even if bitcoin exchanges in China will be suspended and won't be operating anymore. The question is are they the only exchange in this world? No, there are some other countries that has the potential with the growth of bitcoin. And I know that China won't let their citizens to be left behind by the bitcoin market.

raven7886

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Quote from: Jake052478 on September 14, 2017, 08:44:35 AM

Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....

Bitcoin's survival is not dependent on just one single country and it will never be. China is trying to manage and curtail the system in their country so as to limit how every transaction is done, and I don't think that is a crime. In their last policy statement, they already said every bitcoin business must be licensed before they operate and I guess exchanges are involved as well. Over time, things will get back to normal.

radjie

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the Chinese government does not want to completely shut down Bitcoin in its country. They just want to make clear rules about Bitcoin. Bitcoin transactions in the Chinese government are not actually prohibited, they only use the rules of bitcoin that need to be regulated seriously. Although China is now the largest transaction center that can affect the market price, But that only makes market prices go down for a while, because in addition to China, japan and south korea are still the largest bitcoin transaction center in the world.

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