China Will Kill Bitcoin: A Conspiracy Theory - page 2.

Olaiasal11

copper member

Activity: 267

Merit: 1

Quote from: danim1130 on September 09, 2017, 04:04:19 AM

this will not gonna happen not only china can be the destruction of the bitcoin there are so many country's that supports bitcoin including the one of the most wealthy country korea and japan they are supporting this coin until today so this theory can't be happen.

I agree with you. Crypto has spread all over the world, it is now impossible to destroy. In many countries still crypto banned countries, there has been no damage to btc. And it is impossible for China to be the only one. And if China has tried to do this, then certainly China will be hit.

gelinshidong

member

Activity: 459

Merit: 10

ICO projects should be banned, countless investors lose, and these projects do not meet the investment value, which is more like gambling. China cannot kill Bitcoin, and anonymous coins cannot be killed. Banks cannot be supervised. In the future, governments will accept cryptocurrencies.

yugyug

sr. member

Activity: 616

Merit: 256

You can kill a bitcoin by killing its network if the miners stop supporting it. A hardfork is the other way to softly kill the bitcoin as what did happen this week when the majority of the miners shift momentarily to mine BCH fork against its rival BCH SV. Since China dominated the bitcoin mining industry and control the hardfork, then it has the power to shut down half of the bitcoin network that it might almost kill bitcoin network.

wingsthegreat21

jr. member

Activity: 87

Merit: 1

From my own perspective these Chinese government can prohibit the bitcoin currency in their country even in other countries as well, but it can not affect the circulation of bitcoins and other crypto currencies in other ares, especially in those where the crypto currency has already been legalized or should be legalized in the near future. Im not positive how to kill bitcoin from the position of one area or another but one this if for sure that if bitcoin is distributed via the online and has no boundaries for its circulation this will be a good market for everyone.

AlehandroTheGreat

sr. member

Activity: 798

Merit: 251

Better think about : CHina create bitcoin and litecoin .... ? why they should kill bitcoin? I am close to the 1st theory

Palodar

sr. member

Activity: 376

Merit: 250

Quote from: Seeker#9 on November 10, 2018, 06:18:54 PM

No one can "kill" a decentralized cryptocurrency unless people and investors stop supporting it. China is already open to bitcoin after one of their court ruled in favor of the cryptocurrency. Strict regulations can only prevent people from buying or selling bitcoin temporarily but it won't stop people for looking some alternative exchange to buy cryptocurrencies. The so called conspiracy theory is often use to sow doubt and spread panic to the people even it is not true or not yet proven.

It's impossible to kill something that too transparent, having it decentralized makes it unique, China might create their own crypto but not to the point they'll eliminate bitcoin.

Seeker#9

full member

Activity: 658

Merit: 102

No one can "kill" a decentralized cryptocurrency unless people and investors stop supporting it. China is already open to bitcoin after one of their court ruled in favor of the cryptocurrency. Strict regulations can only prevent people from buying or selling bitcoin temporarily but it won't stop people for looking some alternative exchange to buy cryptocurrencies. The so called conspiracy theory is often use to sow doubt and spread panic to the people even it is not true or not yet proven.

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: spongegar on October 02, 2018, 11:19:37 PM

As I read the awe so scary plan of China, the only people affected by this plan is the Chinese citizens. They could always leave the country and move to somewhere they're allowed to nvest on crypto currency. If this plan was successful, i think only China will suffer it's effect when everyone else arr on crypto currency.

but i don't think there are many like that, i think it's possible that they are big investors who are willing to leave the country of China. for those who only have small capital, of course they choose to surrender

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Another conspiracy theory and scary scenario with aim to spread panic, nothing else.
How could one government "kill" Bitcoin and other cryptocurrencies and prohibit to be used all around the world. This makes no sense at all.
Some restrictive regulation could be introduced, that is true but that can't supress fully something that is virtual and without any boundaries in the cyber space.

LeaderAMB

member

Activity: 259

Merit: 10

Quote from: senin on September 28, 2018, 03:27:38 PM

The Chinese government can prohibit the crypto currency in their country, but it can not affect the circulation of bitcoins and other crypto currencies in other states, especially in those where the crypto currency has already been legalized or should be legalized in the near future. I do not even know how to kill bitcoin from the position of one state, if bitcoin is distributed via the Internet and has no boundaries for its circulation.

Exactly. As we all know that bitcoin is going to be more and more flourished these days. Also some countries have accepted bitcoin for payment, and some maybe accept it in the near future. Generally bitcoin had the talk in most parts of the world. There is no doubt that China has been trying to impose a ban on bitcoin, but definitely the number of people who is in China taking part in bitcoin market is quiter bigger than another countries. However If China want to interfere in bitcoin and eliminate bitcoin out of the world, probably Government will never have his goal accomplished. Anyway, China’s action just has a slight impact on the entire market, thus I think you’d better delete this hallucinating idea out of your mind suddenly.

spongegar

full member

Activity: 476

Merit: 100

As I read the awe so scary plan of China, the only people affected by this plan is the Chinese citizens. They could always leave the country and move to somewhere they're allowed to nvest on crypto currency. If this plan was successful, i think only China will suffer it's effect when everyone else arr on crypto currency.

shield132

hero member

Activity: 2310

Merit: 886

Quote from: CryptoBry on September 09, 2017, 03:39:27 AM

I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).

Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?

Please tell me what you think...and let's have some fun!

Maybe situation will go like this way, prison for bitcoin use isn't somethinf that you have to laugh, yeah, it's highly possible because of some reasons: It's anonymous and decentralyzed. Is anonimity something that any government wants? No, a big no. As we see one country already started from encryption ban, then china will repeat the same + adds bitcoin and etc. But, this may not happen too. Why? Because everyone knows, if they deny this, there will always be another way which will be 100x hard for government.

omorfi

sr. member

Activity: 728

Merit: 264

I dont agree with your opinion. There are huge bitcoin mining pools in China. And i don't think the Chinese government would want to ruin the bitcoin miners.

yatogami

sr. member

Activity: 462

Merit: 250

bvo.trybravo.com

Quote from: CryptoBry on September 09, 2017, 03:39:27 AM

I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).

Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?

Please tell me what you think...and let's have some fun!

I've got a counterquestion: if China is going to kill cryptocurrency, what are they going to do with all those biggest farms located in this country?
Are they going to simply destroy (or re-sell) them? I don't think your predictions will ever come true, especially the part about imprisonment - as this may lead to riots and eventually to revolution.

yusupjatigumilar

full member

Activity: 644

Merit: 100

I think that is a Chinese strategy to make a profit, this was also done in China a few years ago and it is often done with the same pattern but the story is different, we as investors do not easily be affected by such issue issues that will only make us lose

gezhid008

jr. member

Activity: 252

Merit: 1

The Chinese government banned the ICO because of reasonable reasons to protect its citizens from financial fraud or fraud. China does not currently ban bitcoin, a decentralized digital currency that has spread widely around the world.

Lorna111

member

Activity: 280

Merit: 11

Quote from: Rahar02 on September 09, 2017, 07:40:41 AM

Quote from: CryptoBry on September 09, 2017, 03:39:27 AM

Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?

Yes, you're hallucinating. China Government banned ICO because some reasonable reasons to protect their citizens from financial scammers or being deceived. Bitcoin is a digital currency, govs can't just ban and seize it without any reason, even though cash could be used for illegal transactions. Bitcoin has become a profitable resource in China, there are many bitcoiners and miners, the biggest mining pools in the world, in that case, govs get taxes from their activities.

Yes, YOUR HALLUCINATING!, it's about you take all your belonging and never come back here on earth.RIP dud....no country can just stop the growing business of the Crypto Market, yes, China Banned the entry of Crypto Market for some security concerns on their market, and it's not only have some issue on Regulation of the entry of Crypto currency.

redsun114

hero member

Activity: 2674

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: Fitrilalala on September 27, 2018, 05:11:40 AM

china really hate cryptpcurrency and its true they trying to kill it and even trying to encourage their citizen to not buy any cryptocurrency and invest on gold insteas. But i dont think china could do it forever, soon when cryptocurrency are needed and market are stable i believe china would once again enter the market.

Looks like China is all set to put a full stop to the cryptocurrency chapter and throw it out of the economy. Even few days ago they banned few cryptocurrency exchanges which were the largest in china without giving a reason why did they do it.

Besides, it was speculated later by financial experts to the daily news that the step was taken to slow down the depreciation of growth or fall in the GDP. This means Chine might formulate policies in future to completely eradicate cryptocurrency out of its markets.

mcabrito

newbie

Activity: 144

Merit: 0

Quote from: Betheng10 on September 28, 2018, 07:53:33 PM

Having in possession of bitcoin will get you in jail is ridiculous.

But knowing chinese government, it will not be impsossible. Completely stating that bitcoin use is illegal will surely help bitcoin decline its value but it won't completely kill it.

Yes, it will not completely be killed and I am sure china have plans how they will manipulate it and how they will get good profit from regulating the use of bitcoin.

Betheng10

member

Activity: 238

Merit: 10

dApps Development Automation Platform

Having in possession of bitcoin will get you in jail is ridiculous.

But knowing chinese government, it will not be impsossible. Completely stating that bitcoin use is illegal will surely help bitcoin decline its value but it won't completely kill it.

Topic: China Will Kill Bitcoin: A Conspiracy Theory - page 2. (Read 4126 times)