China Will Kill Bitcoin: A Conspiracy Theory - page 7.

nidacoinlove

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Quote from: peter0425 on September 09, 2017, 02:43:50 AM

Quote from: CryptoBry on September 09, 2017, 02:39:27 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!

Damn man, you are really high with the "Shabu" thingy you got. You gimme some. LOL.

But seriously, though what benefits are the Chinese getting from banning bitcoin or even killing it? Chinese has been the beneficiary of bitcoin ever since they have found and love it and evident of the miners farm they have. Personally, we are not thinking the same by saying that they have this plan and why just now? And if ever this comes into reality, others will take the void that China will left and bitcoin will still continue to function normally.

I totally agree with you that the Chinese are the one who have got most benefits from bitcoin in the world but let me make it clear that it is not the Chinese government who has got benefits from bitcoin the Chinese people are making money with bitcoin and all the cryptocurrency stuff.
Chinese government banning the ICO's and may ban bitcoin in the future its reason according to my knowledge is very simple. China have deployed Socialism as a form of economic system now socialism is a lenient form of communism though things are a bit different but at the end they both are sort of the same. They don't want their public to be involved in any kind of economic activity bypassing the government & government interest.

Michael_Token

newbie

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It's hard to believe, because most Bitcoins are mined in China. Their economy profit from Bitcoin and crypto innovation.

athanz88

sr. member

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Well, in my opinion, Bitcoins is still a relative new currency, but it is indeed growwing stronger, but we re talked about China here, their economic system is one of the biggest and can influence many things, so China have a chances to doing it.
but i believe people here want it to happen, so i hope Bitcoins can grow faster so it will be hard to kill it. Thats what i thought for this matters.

MAbtc

hero member

Activity: 826

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Quote from: triads on September 10, 2017, 10:04:34 PM

It's unlikely they will try to ban BTC... China wants to be a new center for
global finance. Bitcoin is at the cutting edge of that. Banning it or even making
transactions very difficult would run counter to their global aspirations.

More likely is getting onto the systems of the various exchanges, setting up
monitoring, backdoors, etc. Why kill the system when you can profit from it?

Bingo. No government can look around at what is happening in the Bitcoin/cryptocurrency space today and believe that they are going to disappear. Either get with the program or get left behind. There is only so much time to develop an ideal regulatory environment before other countries become the hubs for cryptocurrency finance. Just look at Vietnam, legalizing cryptocurrencies and outlining a regulatory framework.

I don't think the ban on ICOs will remain permanent, either. But the amount of money being put into this space is becoming large enough that the government feels they need to get a handle on it (AML, outflowing capital, unregulated securities, etc).

lilRoy07

full member

Activity: 154

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China could burn/ moon the price of BTC.

What if China say they are banning BTC, but really buy a truckload of it - by banning X amount of people, and taking coins.

What ... if.

stunvn

full member

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Why the fuck cryptomarket should care about China and their problems?

This market was growing without China years ago.

nakata90

sr. member

Activity: 381

Merit: 251

China kill ICO but not means will kill the cryptocurrency community. According to my hypothesis, the Chinese are plotted to enrich their Government, squeeze to make price the market disorder and acquisition, then push the price to enrich themselves.

triads

member

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Merit: 10

It's unlikely they will try to ban BTC... China wants to be a new center for
global finance. Bitcoin is at the cutting edge of that. Banning it or even making
transactions very difficult would run counter to their global aspirations.

More likely is getting onto the systems of the various exchanges, setting up
monitoring, backdoors, etc. Why kill the system when you can profit from it?

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: CryptoBry on September 09, 2017, 02:39:27 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!

It seems unlikely that they would take such drastic measures to outlaw Bitcoin. However, you may be on to something with them trying to kill Bitcoin. It's possible that they will try to either control it or make it worthless by banning it so that they can make a cryptocurrency for their country that they run and control themselves. I don't know if they would have the power to make Bitcoin fail at this point but I could see them trying to do that.

jovs

sr. member

Activity: 672

Merit: 250

Quote from: lidd0512 on September 09, 2017, 02:56:04 AM

what they want to do is just regulate the token market and grab it in hands instead of getting rid of it.As digital currency is always decentraling and seperating from gov's hands,what china has done and being done is just on the contrary of digital currency's mind.what if the things you are doing is on opposite side of the main trend,will it succeed of fail?

China is the largest country in the world that does have the largest population. So in terms of transaction China could be a number factor for Bitcoin development and growth in terms of transaction. Yet the theory about China will going to destroy bitcoin could possibly happened if the number of transaction will exceed in the higher expectation of Bitcoin making the value of Bitcoin unbalanced to its transactions.

error08

hero member

Activity: 1036

Merit: 514

Bitcoin is a decentralized digital currency, has been spread widely across the world, has real usability as medium of exchange and I think there is no any country could kill bitcoin. Government can ban it, the price will fall down, but it will recover again even though it takes several months. On the other side, whenever bitcoin price fall, it's an opportunity for everyone to purchase some cheaper coins.

Alphagog

member

Activity: 316

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Quote from: peter0425 on September 09, 2017, 02:43:50 AM

Quote from: CryptoBry on September 09, 2017, 02:39:27 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!

Damn man, you are really high with the "Shabu" thingy you got. You gimme some. LOL.

But seriously, though what benefits are the Chinese getting from banning bitcoin or even killing it? Chinese has been the beneficiary of bitcoin ever since they have found and love it and evident of the miners farm they have. Personally, we are not thinking the same by saying that they have this plan and why just now? And if ever this comes into reality, others will take the void that China will left and bitcoin will still continue to function normally.

You have rightly said. There does not seems any kind of benefits which China will get by killing this Crypto currency. China is one of the greatest user of the Bitcoin and all other digital currencies. They actually know the worth of these digital currencies, China will never ever take a risk of loss.

HatakeKakashi

hero member

Activity: 1274

Merit: 513

Even price bitcoin decrease we are always here to support bitcoin . And take note not only china have huge user there are many country are hugeuser than china. And for sure those country lovr bitcoin they did not want to die bitcoin so they can buy more so even without the help of china . Bitcoin will be strong , famous and more powerful . I dont think why is the reason behind them .

Beerwizzard

full member

Activity: 924

Merit: 148

Why should they do it? Why people are worried so mutch about it? imho there is a lot of farmers located in china and that makes this country one of the biggest beneficiaries of most cryptoactivities. And the number of chinease miners only grows for the past year so that possibly makes it more centralized in future.

Yanisumin

hero member

Activity: 648

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Quote from: CryptoBry on September 09, 2017, 02:39:27 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!

we have no choice to wait. for the benefit of all of course they will decide these things on court with bases. I hope that crypto wont come to an end BUT

Like what the saying tell: "The power of Information can kill us"
I think we should reconsider when you are being updates on the news, the danger is dissipating here are the links :
https://www.cryptocoinsnews.com/deciphering-chinas-central-bank-regulation-icos/
https://www.cryptocoinsnews.com/bitcoin-price-recovers-major-drop-chinese-exchanges-not-banned/

valuater

sr. member

Activity: 1162

Merit: 252

I think my opinion, china is not likely to kill bitcoin because many miner bitcoin in china and in my opinion they are big miner but do not demand the possibility of bitcoin will be killed

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: CryptoBry on September 09, 2017, 02:39:27 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!

Has anyone noticed that when you make something illegal, that's the very moment that people are drawn towards it the most, Forbidden fruits are they say tastes the best. China can't ban bitcoin, Even the Chinese cannot control the internet how much more bitcoins.

Hydrogen

legendary

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Merit: 1441

As far as I know, Mao Zedong's revolution was primarily funded by international foreign bankers. The same might be said of Joseph Stalin and Valdimir Lenin's revolution in russia. Also Che Guevara and Fidel Castro's revolution in cuba. Many if not all communist revolutions & regimes were funded and paid for by international banks.

In discussing china, to some extent, Mao Zedong was likely a puppet of globalists. Mao's party affiliation, values, ideals, economic and foreign policy. All of those things were likely created by banks who funded Mao. It may be accurate to say that today nothing has changed. China is still ruled by international bankers who coordinate behind the scenes.

If this is true then it may not be china banning crypto exchanges but rather china following a script written by banks.

olushakes

sr. member

Activity: 476

Merit: 254

Quote from: CryptoBry on September 09, 2017, 02:39:27 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!

Since its conspiracy theory, but that doesn't mean there is not an element of truth in it. However, I don't see it coming true in the sense that the way Chinese government is going about it, they can only succeed if other dominant countries can follow suit because despite the ban of exchanges in China there are still several exchange sites spread across the world in which the reach of China cannot still get to. They are only good that causing panic it has happen before and this won't be the last.

jokowi

hero member

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Quote from: Slark on September 09, 2017, 12:59:53 PM

If China would really want to kill BTC then they would do it a long time ago, by banning bitcoin mining, usage, possession and trading.
Why they wait so long, why they half witted banned leverage trading first or ICOs? They would simply say that BTC is hard to control.
After all, China is all about controlling the flow of the money and they can't allow wealth to slip out of the country in the form of BTC like it is happening now.

No, they have never wanted to kill bitcoin; conversely, they are looking to manage it, because bitcoin impacts enormously on their economy, so they are trying to manage and prevent it. Block the evils that form from bitcoin and the altcoins.

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