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.
Topic: China Will Kill Bitcoin: A Conspiracy Theory - page 8. (Read 4126 times)
I don't see the chinese government attempting to kill bitcoin, they probably already know that it's made especially so governments can't kill it. However, they could severely limit its lawful applications and such an action would seriously implicate all investments and the entire economy. The Chinese government surely has a way to harm bitcoin's value if they want to, the fact that so much of bitcoin's transactions happen in China just leaves the rest of the world prone to a collapse of the bitcoin economy there.
Bitcoin is not something that can be killed by one country or authority. If it was that weak, this economic system for bitcoin would never grow like this.
Despite everything, bitcoin will survive.
China does have some issues with Bitcoin and crypto-currency in general and there is a chance of China permanently banning all crypto-currencies including bitcoin but such a thing a not likely to happen because that will be a hell a lot of loss for the people using crypto ,but if they do then I dont what other countries will follow China's path and do!
Bitcoin been banned most probably won't be happening, yes the ICO seemed to be blocked entry or use, but the prime currencies will be in use. As others I also think heavy regulations will take place against its use. But if China bans it, crypto might take a bad hit.
Nah.
Bitcoin is bigger than China!
No worries!
Bitcoin is bigger than China!
No worries!
The fact that they dont get anything from companies that are holding bitcoin or using it as a business is already prison time for them.
They have a hell of a rule with communism. It is so strict that many of the Chinese are doing their businesses in other countries.
They will kill it YES but only from their country. They cant avoid the fact that this bitcoin is only for democracy. It will be a large movement for bitcoin but it wont go down that much. I bet those who have it are already doing their best to keep it as much as possible or maybe pass it to their partners who are in other countries.
They have a hell of a rule with communism. It is so strict that many of the Chinese are doing their businesses in other countries.
They will kill it YES but only from their country. They cant avoid the fact that this bitcoin is only for democracy. It will be a large movement for bitcoin but it wont go down that much. I bet those who have it are already doing their best to keep it as much as possible or maybe pass it to their partners who are in other countries.
If china had wanted to ban bitcoin,then they could have done it much earlier.What they want is they want to have total control over bitcoin transactions and they have already framed such laws for bitcoin exchanges.They just want to finish all these irregulated ICOs so that they could easily concentrate only on bitcoin and have full control over bitcoin transactions.China totally don't like bitcoin,that's another issue.They know very well that they could not completely ban bitcoin with such a situation in which bitcoin is getting dominant usage all over the world.They just want to regulate bitcoin.
China does have some issues with Bitcoin and crypto-currency in general and there is a chance of China permanently banning all crypto-currencies including bitcoin but such a thing a not likely to happen because that will be a hell a lot of loss for the people using crypto ,but if they do then I dont what other countries will follow China's path and do!
I don't Think China has that capacities to kill bitcoin as bitcoin is a decentralized system and any were you are you can mining bitcoin and do business with it. China has tried to fight bitcoin from all sides and of a truth they action has been affecting bitcoin negative but not killing it. I think China government should ban cryptocurrency as this is better for bitcoin instead of this manipulations games they are playing. Bitcoin will be better without China!
I don't see the chinese government attempting to kill bitcoin, they probably already know that it's made especially so governments can't kill it. However, they could severely limit its lawful applications and such an action would seriously implicate all investments and the entire economy. The Chinese government surely has a way to harm bitcoin's value if they want to, the fact that so much of bitcoin's transactions happen in China just leaves the rest of the world prone to a collapse of the bitcoin economy there.
Bitcoin is not something that can be killed by one country or authority. If it was that weak, this economic system for bitcoin would never grow like this.
Despite everything, bitcoin will survive.
I don't see the chinese government attempting to kill bitcoin, they probably already know that it's made especially so governments can't kill it. However, they could severely limit its lawful applications and such an action would seriously implicate all investments and the entire economy. The Chinese government surely has a way to harm bitcoin's value if they want to, the fact that so much of bitcoin's transactions happen in China just leaves the rest of the world prone to a collapse of the bitcoin economy there.
Whoa man, stop buying meth from your Chinese overlords. China will suffer from bitcoin suddenly getting banned. You do know a substantial amount yuans has been invested into bitcoins, right? If they really want to ruin it, they would have started closing down mines long ago.
It's more likely they'll try their best to control it. There has been accusations of insider trading, with whales getting advanced notice from the Chinese government whenever they'll announce something that would drop the price.
It's more likely they'll try their best to control it. There has been accusations of insider trading, with whales getting advanced notice from the Chinese government whenever they'll announce something that would drop the price.
The world doesnt really care about what will china government do, if they want to shutdown bitcoin then its their authority to do so, but bitcoin and alt coins bring job opportunity and increasing the citizen economics life, if the country want to responsible is fine, the crypto currencies world still can go on without china
They care and you can see the short drop already done on the coinmarketcap chart and it seems a lot of the world are putting all of their attention on it because the china already become one of the bitcoin house and that was containing huge potential. You could saw it yesterday. 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!
I don't think China wants to kill Bitcoin, they want to take control of it by firing the current developers and putting Bitmain-funded developers on it. Bitcoin Cash is their attempt to make it the official Bitcoin. I mean just look at who is mining Bitcoin Cash and tell me Bitcoin Cash isn't Bitcoin China with a straight face.
This is only the beginning, they keep trying. China doesn't want a currency that isn't controlled by them in the hands of their citizens. So what we need to do is not fall for the FUD and hold the real Bitcoin.
You are funny bro ithink that shabu will not make you better you gonna be crazy soon . thats why you are making some pridection that imposible to happened in the future . . And i know that all of crypto community knows that china has no powers to banned all of currencies and as i know the creator of bitcoin is from japan not china. So its just your imaginary pridection mate.
Bitcoin gave people the opportunity to build their own economy which would not depend on anybody. A mathematical formula cannot be fooled. But the people did not understand. They used what their is always someone in control. You need to be more independent and able to take responsibility. Then bitcoin will exist regardless of what thinks about it China or any other country.
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.
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!
Not a conspiracy theory, it is quite evident from all the contradictory statements PBOC had made regarding bitcoin since 2013 that they are trying to manipulate bitcoins price. They know they have a global advantage when bitcoin is concerned and they are exploiting/manipulating it. BTC/CNY, Yuan still stays in China, good for the government, miner dominance, good for the government. I don't think the Chinese government would benefit in anyway by altogether banning bitcoin. They would just end up losing their global advantage.
China ban on bitcoin would have a short-term effect on bitcoin, but it would recover as always. There is Japan, South Korea, US, Australia, Russia, India. Even Russia and Japan are planning to launch their own mining operations by next year.
Banning ICOs is entirely different from banning bitcoin so I really don't think the Chinese government would take such a drastic step.
The world doesnt really care about what will china government do, if they want to shutdown bitcoin then its their authority to do so, but bitcoin and alt coins bring job opportunity and increasing the citizen economics life, if the country want to responsible is fine, the crypto currencies world still can go on without china
Just when they are starting to grasp the obvious financial implications of crypto? Don't think so, they are not just that stupid. Also, take it with a grain of salt any piece of news that comes from the Chinese regulators, there is a high probability that the real reason for their decisions is actually the complete opposite of what they are actually trying to make the people think.
My opinion on China killing Bitcoin.. Just spreading FUD to catch more cheap coins for whales a corporations. Saw meme on twitter.. that they have already tried it 15 times..tried to do it 16th time and still worked.. people still can not learn from their mistakes and are selling cheap BTC. Need to learn that they can not make decisions after seeing first post somewhere, need to learn how to select news which are fake and which are possible real one.. time solves everything.. so panic sell is the worst thing you can do evyry time.
http://secretsofthefed.com/wp-content/uploads/2013/09/msm-in_the_news_today_some_more_shit-we_made_up.jpg
http://secretsofthefed.com/wp-content/uploads/2013/09/msm-in_the_news_today_some_more_shit-we_made_up.jpg
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