Topic: China Will Kill Bitcoin: A Conspiracy Theory - page 4. (Read 4126 times)
I don't think that China can kill bitcoin right now unless they can have the most bitcoin and never make any transaction after that and that will make bitcoin cannot spread in among us. But we can see that China is trying to dominate the market by buying a large amount of bitcoin, and I think they are capable of buying a lot of bitcoin as they have big money to buy bitcoin at any price. Let we see what will happen later, and I am curious about the coin that they made to compete with bitcoin.
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!
Yeaaah, you are overdose for taking fake Shabu from China. Made my day, btw. Please tell me what you think...and let's have some fun!
Anyways, for me this is just a theory and of course it will not happen. Its given that China is a huge market for cryptocurrency, but we still have Japan, U.S.A and other great countries in Europe who keeps on supporting Cryptocurrency. China has no choice but to adopt this one and maybe make their own Coin to compete with bitcoin.
We know that they will not succeed in what they intend to do and I will not believe that they are capable for doing so. In their own country, I really believe that they can do it. But if the whole bitcoin market plans to knock it out they will not be able to do it. Even in dreams they can not do it.
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!
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!
Interesting theory, but one question remains, why kill off something something they could make some big time profit off for a long time coming?
That's possible because china are now doing everything to kill bitcoin they create there own cryptocurrency like EOS,NEO,LISK and it will be surpass bitcoin.
I doubt that china will kill bitcoin, we had already experienced from the past that whatever china doesn't want to invest on, we nvest on it, and we'll see afterwards that china will be buying back, and the movement will go up again, just like what happened last year, though they had decided to ban ICOs, and and a lot of FUDs came out, it seems that a lot of those who pulled out were chinese, but after months, they all cam back, and also within that time period, the value of bitcoin rose even further, so it means it doesn't really becomes a threat.
Bitcoin kill in this meaning that the news of the bitcoin affecting the price too much and this thing disturbed and kill the price of bitcoin if the news is worse than automatically impact will be very negative and the price goes down and kill the bitcoin otherwise totally decrease in price is not only don by China, it was necessary at the news time in China otherwise both the other announcement also impacting price into down,
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!
you're just too high because of that shabu you bought from china. china dont have the power to kill the crypto world. they can only kill it to their country but not in the whole world. there are some countries who legalize bitcoin, so they cant easily back those words just because china wants to close crypto world. 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!
In reality China doesn't fear about the growth of the user base for bitcoin within the country. When something is found better, automatically the user group moves towards it. The same is happening with bitcoin in China. An regulated use is the recent issue, so this won't cause anything negative over the growth of bitcoin.
this is because Bitcoin Exchanges Lack Legal Foundation, China Internet Finance Association Says... this is the reason why China has junk the use of bitcoins in their country. They are basically afraid that they will lose their economic power eventually.
On the other hand, they should be looking for the economic success it would bring, they surrendered in finding ways to regulate bitcoin and that will lead them incompetent, they cannot stop the changes and whatever they do some countries will continue the development as decentralization is the new system that would be beneficial to the people.I guess this must have been what they have seen and trying to see every reason to make sure that citizens don't just boycott the banking system without bringing much back into the government, hence, the regulation of exchanges.
If china had tried such actions much earlier when bitcoin was totally dependent on china in all aspects like trading,transactions,etc.it would have caused a serious damage to bitcoin.But its too late.Already,big giants like japan have entered the market and south korea is just following it.Japan has moved a step ahead by legalizing bitcoin.So,china's actions would only have a very small impact on bitcoin and we too witnessed that bitcoin price very quickly recovered from the slight downfall.So,china could don nothing damage to bitcoin except restricting its citizens from using bitcoin.
I would say China wants to make a statement, to get to be associated with bitcoin and its properties. I believe the banning would either bring moves to monitor or trying to control.
The china wants to hold bitcoin is its hands that’s why they are making such type of nonsense decision and they will suffer their decision in future so that as the market will be at high they will ask again to join and one more thing bitcoin is threat to their national currency that’s why they are making coward moves and this will bring unstableness in their region.
China is worried that the increased use of bitcoin keeps its citizens from leaving fiat money. besides, the presence of bitcoin is feared to be too easy to speculate, which can be dangerous for the country.
Even though the effect of the decisions by the Chinese government is reaching an unprecedented level and the last time we went as low as this in recent time is prior August 1 but right now its facing us again.
The way bitcoin is structured, I don't think Chinese government can successfully kill it and its no other reason that when group of people resolve to go a particular way come what may, they can only be put down but not defeated and that is exactly what will happen in the case of bitcoin. Bitcoin has grown beyond nationalities or even continent and a whole lot of us have resolved to make this a success.
This is not the sensible decision by Chinese to ban bitcoin as world is looking forward to accept the values and trades of bit coin and they are banning it and this will left them behind from the progressing as many of shopping will be done by bitcoins in future and they are not accepting it will give them loss and those who believe in bitcoin will not be effected by this decision of Chinese and will invest more to gain more.The way bitcoin is structured, I don't think Chinese government can successfully kill it and its no other reason that when group of people resolve to go a particular way come what may, they can only be put down but not defeated and that is exactly what will happen in the case of bitcoin. Bitcoin has grown beyond nationalities or even continent and a whole lot of us have resolved to make this a success.
I do not see China having that kind of power with the PBOC putting it in check and all regulations being put in place this is just helpnig open up new markets and fostering decentralization which is one of the components that has made bitcoin successful. Otherwise at the end of all this, this is nothing more than a conspiracy theory
Ico were banned not forever, they are making some rules to allow people to invest and dont allow the ilegal money to enter into them, that was something that were happenening. Exchanges were working without a proper license soo again the government is acting to regulate Ico and exchanges licenses, soo even knowing they have some plans to make their crypto they cant kill bitcoin, in fact the market reacted already and now bitcoin is back to 4000 dollars again, China does have big players and big investors soo it did affected a bit crypto world.
I think they will not do that one because in fact why is they called the number 1 bitcoin miners in the world if they themselves will be the one to destroy, kill or any conspiracy that throw on them about bitcoin. That would be an absurd way on China and it would be a worst case on themselves also if that happens.
China can't kill btc, what is one country compared to many of us. Okay, let's say they have a big part on btc but that isn't enough to take down btc. Aside from that, there are country like Japan who are currently pushing into btc. Maybe they can affect the price movement but they can't totally kill btc because it has been widely spread.
It is just a theory, we might not agree or agree with it. He got a valid point but it is just so negative thinking on his mind that triggers this idea. Some had said before don't use drugs it will kill you. Not bitcoin be killed on that country because it will helped them than they suffer in it. I hope in the end they will consider what is best for they're countrymen than thinking about profits for its government.
I think not to worry about this, let alone and we enjoy the profit from rising prices, because bitcoin users continue to increase despite the many negative issues and banned bitcoin countries.
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