Topic: China Will Likely Resume Cryptocurrency Trading by Licensing Bitcoin Exchanges - page 3. (Read 1286 times)

Saw this coming weeks ago when China was looking into other things they could do and miserably failed with the idea. It was almost evident that this would be the final outcome as trying to eradicate Bitcoin trading by shutting down exchanges was not at all feasible and users would still find loopholes around. Either ways, this is typical scenario of getting enough FUD going for the price to drop by quite a lot and using this time window to buy in. I have to say I'm impressed with China's cards here, they've pulled off a quick one and would've profited in the millions.

So what? Aren't we all tired of China controlling the cryptocurrency market? I personally don't want China to unban bitcoin exchanges. I don't want them to toy around with the market its better if they stay out of this. We don't need China to make bitcoin's price go up . Bitcoin has reached $4380 without China's help and I believe it will continue making a steady growth.

Pure speculation so far.
There's nothing of any substance in that article.
As long as there is no official statement by PBOC you can't know what they are going to do with the exchanges and their mining industry.
China has changed it's opinion so often, they play the market whenever they can and see a need to do so.
My advice: don't give that guys that much attention!
Japan will be the new big player, followed by South Korea!!

this is what have been telling everyone a couple of months ago when the China FUD started. there is a pretty good chance it has always been about regulation and taxes. their announcements are also confirming this assumption of mine.
and also their previous actions support this. this is not the first time they closed down exchanges. and each time they regulate them a little more. it seems like they have some trouble getting them in line. which is why it takes a longer time and more work.

I hope there is truth to this news and its not just something to pull our strings,  i hope there's alrrady a clatification behind this, because if china just resume its exchanges and not legalized bitcoin again, there would br a conflict, i think first thing china must to is legalize back bitcoin so other cryptocurrencies would follow. We are all keeping an eye on china, hopefully this news is legit and will help bitcoin increase its value further, and not only that, this will also prove all the naysayers, during the time when china shutdown its exchanges, and will help disprove their claims that bitcoin is fraud, and of no value.

This isn't the first time someone will try to regulate bitcoin supposedly with an 'operating license'.Remember BitLicense ? Licensing is a business in itself.I kid you not china will be making through licenses if they pass that rule.Although is not likely to happen but it's too early to predict anything

Yes!! What do you expect from a country that indirectly promotes communism ?

Surprise surprise who's here the Chinese are back with a new twist, all the stupid drama just to regulate the Bitcoin exchange, all they could have done it without the drama, it's no surprise, that they have done it only to reduce the price and now they realize that their economy is slowing down and it's about time to fix it and then they decided what better way with bitcoin, I do hope they don't get much share again, they irritate a he'll lot.

Why they say that china's will banned cryptocurrencies?

But, it is not clear what will happen to BTCChina & Via BTC. Will they continue operation for Chinese users with the new regulations or stick with their plan to shutdown for local users

Already it has regulated the use of bitcoin through the exchanges. Very few has been provided with the licensing and even with that exchanges made fake volumes to generate more capital trading volume. This too came to an end when the inspection was made by one among the banking authority of China.

since China never banned bitcoin, altcoins and they never banned "trading" them. and instead they banned exchanges, that means they have nothing against trading nor against cryptocurrencies. consequently they will regulate the exchange, probably put some taxes on them too and then let them open up again. it is even possible new exchanges start with better options.

many people in china will be happy if they know that china government decide to ban for temporary because they can continue to do trading again. and i am agree that every exchanges in china should have license to run the sites so their people will feel safety when they are trading in that sites. i also don't thinking that china will be ban forever because china have big passion to the crypto currency world and they see that the crypto world can solve the people economic and financial.

HAHA China is irrelevant! China or any country's government for that matter should all go ahead say bitcoin is illegal and it will do nothing. In fact they might as well all say bitcoin is legal and that will do nothing.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. They have no such domination on Bitcoin and wont.


On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

So, what does getting ready look like?

Hasn't this been confirmed a while ago? Still, once this happens, I would bet we would reach new highs.


Nobody's giving China any preference. They can use their position to manipulate the market because they can use the massive number of their population to create leverage. I wouldn't be surprised if the dip to $3000 was caused by Chinese holders panic dumping alone. We're eager to welcome them back, because those panic dumpers are going to want to get in on the action again, driving the price up.

That could possibly happen sooner or later. I know that they are planning something good now like regulating exchanges and ICO's to prevent any problems with it's citizenz. China is a mighty nation in terms of business and there are large number of investors there that plays important role in the crypto community. I don't think they will still implement a total ban on crypto in the future because as what you have said it will damage it's reputation in the financial market. I think they are only ensuring people's safety before going to the game of crypto's. For me I am in favor of this move by the government just to make sure this exchanges and projects will not just hit and run without any sanctions. Price will skyrocket again when that happens. And I know that one day other countries Such as Japan and Taiwan would do the same as what China did to crypto's.

This looks like they already reached the profit margin they wanted that's why they will be resuming their ICO activities. It seems like they really just planted FUD to buy at a low price and looks like the Chinese government will try to manipulate bitcoin once they issued licenses to ICOs.

Ha, thought this might happen sooner or later, china's market is so big and most of the chinese businessman are using bitcoin to transact. The move of china banning bitcoin in my opinion was just to test out how their market will react and check the grasp of their power. Chinese government may have wanted to control bitcoin but since can't be controlled they just have to manipulate it. Now i see high taxes in trading and in every transaction. The government will make sure that they make a huge profit out of it.

this is what like I say in other thread like these about the china ban thingy............
the china I think is experimenting in how the digital currency works and behave in charts and also on how they can manipulate the price value of it
if that so they will regulate it then it will be good strategy for them country economy growth

China should stick to their guns and ban BTC. If they decide to lift the ban and regulate it, that surely will be taken as sign of weakness or a sign that BTC indeed is unstoppable.

But even with the Chinese ban, BTC would still be unstoppable. They are inbetween a rock and a hard place. They are damned if they do and damned if they dont.