CHINA will halts all Bitcoins exchange....

swscowods

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Quote from: blackmagician on October 02, 2017, 10:47:56 AM

Quote from: player514 on September 14, 2017, 05:39:50 PM

Quote from: rgm108 on September 14, 2017, 05:29:20 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, 09:44:35 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, 10:47:56 AM

Quote from: player514 on September 14, 2017, 05:39:50 PM

Quote from: rgm108 on September 14, 2017, 05:29:20 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, 09:44:35 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, 11:42:57 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, 05:39:50 PM

Quote from: rgm108 on September 14, 2017, 05:29:20 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, 11:29:56 AM

Quote from: Jake052478 on September 14, 2017, 09:44:35 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, 07:39:08 AM

Quote from: super5star on October 02, 2017, 06:25:53 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, 06:25:53 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, 11:17:24 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 15, 2017, 12:57:29 AM

Quote from: v0rtecxz on September 14, 2017, 08:35:51 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, 09:44:35 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, 09:44:35 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, 09:44:35 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.

Lieldoryn

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Quote from: kpcian on September 17, 2017, 05:38:17 AM

I don't think so. China has taken Bitcoin for regulating properly which doesn't mean that China will ban Bitcoin forever. I think China is going to allow Bitcoin as a legal currency because China will have to realize its importance very soon. because Bitcoin is being used in most of the developed countries so Bitcoin is becoming a popular currency day by day.

You are not right. In your thoughts more desire than logic. In China, a lot of miners and bitcoin users. Probably the Chinese government has realized the threat from crypto currency faster than other countries and decided to be proactive.

kpcian

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I don't think so. China has taken Bitcoin for regulating properly which doesn't mean that China will ban Bitcoin forever. I think China is going to allow Bitcoin as a legal currency because China will have to realize its importance very soon. because Bitcoin is being used in most of the developed countries so Bitcoin is becoming a popular currency day by day.

arbitrage

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Quote from: Lagduf on September 17, 2017, 04:06:07 AM

]No because the goverment said the crypto is very easy to be the way to the scammer or thief to laundering their money, as you can see with the btc-e which the site already taken by the united states justice regarding the money laundry's case. It can become a good example for you.

https://wex.nz/ is the new location of this exchange. You just can't stop something, you do not understand.
US Government known risks and if they can they would probably already ban Bitcoin and all related coins to BTC. But they cannot do this. They can't stop leaking of information and this is small problem in comparation. Those who want to launder money will find their ways, and Bitcoin cannot be considered as guilty one. Bitcoin cannot be banned, they just can ban BTC/USD and this is not solution at all. They will just speed up process of adoption, eventually BTC will win.

amueller

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this is fake news you find bitcoin price up more again

Seansky

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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 hope that bitcoin would survive too. I am quite surprised to see news about China halting bitcoin exchanges by october being true and not just a FUD. That being said, I still think bitcoin will survive and it might get better because Chinese are the ones who are always trying to manipulate bitcoin's prices and with them gone, bitcoin might have a healthier pump and dump without it being manipulated always.

Lagduf

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Quote from: player514 on September 14, 2017, 05:39:50 PM

Quote from: rgm108 on September 14, 2017, 05:29:20 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.

No because the goverment said the crypto is very easy to be the way to the scammer or thief to laundering their money, as you can see with the btc-e which the site already taken by the united states justice regarding the money laundry's case. It can become a good example for you.

rjbtc2017

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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....

Can you post the link about this news? There are lot of fake new circulating online. Some mainstream media always paints a bad color on Bitcoin. The Market will always recover and will continue to move as long as there are active users and community that continuos on supporting the bitcoin system and AFAIK, bitcoin does not rely on one country i.e. China.

Nerman

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I understand now that China's ban in cryptotrading and dimon statement affected the market but did recover right away. Now the real question is what if othwr super power countries like the United states ban bitcoin what will happen to the market? How much effect if other countries follow the China policy. Just a thought.

intrader

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Bitcoin will be better without china, its funny to see few years later they have to spend 5x from current price in order to buy back bitcoin.
But there are a sign china government secretly bought bitcoin at the current dip then after sometime they will make an announcement that bitcoin can be trade again to push price to new level high.

btc_angela

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Quote from: noictib on September 17, 2017, 12:03:24 AM

Quote from: Jake052478 on September 14, 2017, 09:44:35 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 they can't halt exchange because a big part of the china is growing with the cryptocurrency earnings .
Here personally i myself never think in negative way about this news when it comes official by the china government .
You can take example of the big economy in this world where they accepted bitcoin offically with better amount of the tax .
So here I don't think china will take action against the bitcoin or any other cryptocurrency .
If it will happen then i am sure market will go down for one month only because bitcoin is not only use by the people of the china .
And also here we should see that there are many countries who are still observing the bitcoin and making news rules that how to regulate in perfect way , so may be things will go in favour of the cryptocurrency user .

They have issued close order to most of the Chinese exchanges or they have voluntarily stop their operations. But to be clear, they are not banning exchanges but rather have stepped up and will put a stricter regulations. So if those who have chooses to close is operation voluntarily they have a high chance that they can go back and be operational again once they have comply to everything that government will set up.

eaLiTy

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Quote from: zzSunZZ on September 15, 2017, 02:16:18 AM

Yes i've heard the news like you but today i saw some news that said, China's goverment doesn't declared all Bitcoins exchange anymore cause they can not control it at all . Is that chinese's mafia try to control the Bitcoin's price by giving us fake news ?

The entire market corrected because of the news coming out of China and there is nothing like a ban,they are just planning to regulate the exchanges and that is what i understand from the news i heard but news are coming out saying that they are banning bitcoin which is not true and the market is reacting to a FUD which is really bad for everyone,China is manipulating the price of bitcoin with the FUD news .

btc-facebook

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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....

Is there any official new regard this ?
IMO even if Chinese no longer operated, Japanese and South Korean market having more larger market compare Chinese .
Although bitcoin value is dropping at the moment but I'm sure it will rise soon since I'm pretty sure that on October, bitcoin will back to $ 4.000

noictib

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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 they can't halt exchange because a big part of the china is growing with the cryptocurrency earnings .
Here personally i myself never think in negative way about this news when it comes official by the china government .
You can take example of the big economy in this world where they accepted bitcoin offically with better amount of the tax .
So here I don't think china will take action against the bitcoin or any other cryptocurrency .
If it will happen then i am sure market will go down for one month only because bitcoin is not only use by the people of the china .
And also here we should see that there are many countries who are still observing the bitcoin and making news rules that how to regulate in perfect way , so may be things will go in favour of the cryptocurrency user .

zzSunZZ

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Yes i've heard the news like you but today i saw some news that said, China's goverment doesn't declared all Bitcoins exchange anymore cause they can not control it at all . Is that chinese's mafia try to control the Bitcoin's price by giving us fake news ?

adam1230

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If you supports these rumors you need to prove the source of these rumors. With just writing few words about fake news will only support these foxy people.
So please give the source of this rumors. Source must be a goverment link.!

buxlover

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Bitcoin is non ending valuable asset which will remain same for now and always. No matter what country drops from the bitcoin but bitcoin has many options open and the investors are always there to back it up. Though Chinese are dropping out it doesn't matter bitcoin is now finished. It was not the only country which made most of the investment, there is whole world behind its development. It doesn't matter if one fish is dead from the ocean, because the fishes are many and ocean is big!

fedoralite

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Quote from: quarkyplum on September 15, 2017, 12:57:29 AM

Quote from: v0rtecxz on September 14, 2017, 08:35:51 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.

Actually I'm a shorterm trader also since I don't actually holds huge balance with bitcoins and also for this event well I dont want to hold since I don't know on when does this banning on china will end and I believe this price would dump more since China's crashing out some exchange are so annoying event of the history.

quarkyplum

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Quote from: v0rtecxz on September 14, 2017, 08:35:51 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.

v0rtecxz

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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.

Jake052478

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I will do wonder for YOU!!!

As the days passed by, the termination of bitcoins exchanges in China has become apparent and I think, there is no holding back. they are determined to call it quits as they have declared that the usage of bitcoins has no legal basis... I think China is not the only proponent to stop Bitcoins but also Bankers. Remember, J.P. Morgan Chase has also expressed displeasure on Bitcoins. So maybe they are just threatened by the popularity of bitcoins nowadays....

hatshepsut93

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This is all very similar to what happened in 2014 - Bitcoin started skyrocketing and then China issued some regulation and rumors that Bitcoin will be banned, and the price has crashed. Sounds familiar, isn't it? But I think this time Bitcoin is much stronger, as it has already 8 years of history, growing mainstream attention and technological improvements. Also, China shouldn't be viewed as important economic player - they hate freedom and ban many good things, so banning of Bitcoin should be viewed as a sign that big governments and Banks recognize and are scared by it, because it works.

Jack Lee2222

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Yes, China will.But what is that matter? For those who believe in cryptomarket for a long time, it's not so important.

john2231

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This will be a big bad news for us and i think the price could be decrease more soon.. .
So hoping that this news will be fake and this coming october that reverse will be happen..
For now i think better to sell my few bitcoin and holding the rest.. Just to be sure that i still save few bitcoin..
And hope that the price can be increase back again and hoping that the news we heard from china are fake. .

rizkyhiw

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Quote from: rgm108 on September 14, 2017, 05:29:20 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.

What the crack! China ban everything now?
After the ICO now they are really want to stop trading operation there ,
No wonder why the market crashed! People around the world are trying to sell their bitcoin together at once because of this!
This is the moment where we have to stay patient to get rewards later.

dali_masmoudi

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It will have a big fall but I think it will survive contrary the predictions.
It is true that the chinese community is one of the big communities in Bitcoin but I hope it will raise again.

seraph_the_wise

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Just a temporary measure from the Government to curb on the rampant capital outflow of rmb. Either they come back into business after some additional soft regulation/KYC and capital controls or the exchange market will move to the underground market/OTC and it will be business as usual in a few months.

player514

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Quote from: rgm108 on September 14, 2017, 05:29:20 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.

rgm108

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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.

LeGaulois

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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....

The biggest exchanges in China stated that they have never receive any directives regarding this. The Chineese govt already said that it is not against bitcoin at all, and in fact they are not close mind about it. I don't think you searched a lot about this, maybe you saw 1-2 posts here and just repeat. They are a lot of people like you who are misinforming others, resulting in people on panic mode, selling their coins, making the value failing...

EdenHazard

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Quote from: sommii on September 14, 2017, 12:49:08 PM

Better sell all of your BTC now and buy it back again once price hit $2000. Because it will hit it or even less in October.

it could be a good idea to take a cutloss , but when you still believe it will have another bounce back then just watch and wait. it has a same value in the end when you sell now in cheap to buy it later cheaper , personally it was not my style by the way.

even if china completely ban everything related to bitcoin , nobody can stop bitcoin transaction itself through the blockchain.

sommii

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Better sell all of your BTC now and buy it back again once price hit $2000. Because it will hit it or even less in October.

Mometaskers

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There are still no official statements from the Chinese government so take this with a grain of salt. Some people think this is just some rumor spread to shake weak hands.

Besides, how will the government do it and what would the effect on them? They have a lot of people that invested in cryptocurrencies... Would they allow their citizens time to cash out their money for yuans? And then what will the government do after that, take the bitcoins and hold them?

What about the mines? If those don't get closed down, where will miners cash out? Would they end up selling bitcoins out of China? Would the government even allow that?

Script

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: janedt on September 14, 2017, 11:23:49 AM

Quote from: Jake052478 on September 14, 2017, 09:44:35 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 still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.

that's possible to happen as the news from china really affecting the holders and with jp morgans owner also fudding about bitcoin I'm not sure now
if bitcoin can still have the back up support if its fall to 3k$ level but for me bitcoin will survive and the price will rise up again.

Baofeng

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Quote from: janedt on September 14, 2017, 11:23:49 AM

Quote from: Jake052478 on September 14, 2017, 09:44:35 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 still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.

We have to face the hard fact that bitcoin will really go crashing down. And its gonna took a for a while before we see the price could touch $4000. But if China really wants to get out of bitcoin then let it be. There are still major players around like Japan and South Korea and the US that will make this market regain it strength in the next coming months or years. If you are in for the long term, then you are just cool I guess. But for investors who think that bitcoin is a quick rich scheme and seeing the price going down, then they must be the first one to panic and push the sell button.

janedt

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Quote from: Jake052478 on September 14, 2017, 09:44:35 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 still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.

bn88

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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.

Jake052478

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I will do wonder for YOU!!!

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....

Topic: CHINA will halts all Bitcoins exchange.... (Read 1305 times)