Chinese will be allowed to trade Bitcoin again soon

gribble

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Quote from: sergio-faucetbitcoin on October 31, 2017, 11:44:08 PM

I think that shows that Bitcoin is bigger than any country. China is one of the main counties in the Crypto industry but still after one month it seems like the "china crisis" never happened.

Yes even China’s major exchanges have found a legitimate means through which to continue operations despite the Chinese government crackdown on cryptocurrency exchanges. the bitcoin is not related with one of country it depending on the community of bitcoin ( developers, miners and users) the people of power will be the winner (the community of bitcoin power will be the winner)

miyaka26

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They will lift the ban to exchanges and that is expected from the Chinese government most right now where there is a ban in their country where they have most of the miners and some users/traders of bitcoin but still the bitcoin's able to pumps it's price, so if China will go back to trading that will be a huge impact to its fluctuating price to pump again and reach 10k or more for the next year.

pooya87

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if they keep the exchanges closed and not let them start their services again then the government will lose their control because people are going to continue to invest in bitcoin and continue trading it. even if it means doing it elsewhere or face to face, there is no stopping that.
so it is better if they allow the old exchanges to come back to work and then have control over them by regulating them and watching the flow of money in and out of these centralized exchanges.

jonruhoax

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Quote from: Emoclaw on October 31, 2017, 06:30:49 AM

At this point does anyone even care?
Bitcoin is stronger than ever with over $100B market cap and $6.2K each, without China.
While it is positive news, I don't think anyone cares what China is doing with Bitcoin anymore. I feel as though they have lost their influential position..
I suppose we'll find out in the coming weeks. Such rumors are spread for a reason.

I agree with you. even i personally do not care china will be involved back on bitcoin. I think china is just a problem for crypto after what they did on bitcoin and crypto in the past.

sergio-faucetbitcoin

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I think that shows that Bitcoin is bigger than any country. China is one of the main counties in the Crypto industry but still after one month it seems like the "china crisis" never happened.

CaliforniaCrypto

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Quote from: Mr. Thang on October 31, 2017, 11:38:31 PM

Quote from: Prodigan786 on October 31, 2017, 08:51:19 AM

Quote from: niisarearning on October 31, 2017, 08:48:42 AM

I think previous issues raised by china its their strategy to hold more bitcoin in cheap price . then after Russia also came up with same issues but its couldn't able to succeeded. If china would done without any proper intention then they should be regretting now.

Even i am also thinking same chinese are proper strategist they could have knowing the price increase and also bitcoin fork so they prepared to get cheap coins by doing such all issues. Now price climbs back they will release their holdings.

I guess that once they finalized their decision, this would have the potential of significantly increase the price of bitcoins before the said fork in November. Like what you guys said, this also might even be a strategy in order to increase the price, thus making it the perfect opportunity to invest once again into bitcoins. Hopefully, they stay loyal to their word and they will hasten the process to bring less-burden to us holders.

This was all a calculate response to bring the price of Bitcoin down to buy tons of it, and they now have a new exchange starting in November. Some people think the Chinese governement is even running this exchange, they know what theyre doing.

Mr. Thang

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Quote from: Prodigan786 on October 31, 2017, 08:51:19 AM

Quote from: niisarearning on October 31, 2017, 08:48:42 AM

I think previous issues raised by china its their strategy to hold more bitcoin in cheap price . then after Russia also came up with same issues but its couldn't able to succeeded. If china would done without any proper intention then they should be regretting now.

Even i am also thinking same chinese are proper strategist they could have knowing the price increase and also bitcoin fork so they prepared to get cheap coins by doing such all issues. Now price climbs back they will release their holdings.

I guess that once they finalized their decision, this would have the potential of significantly increase the price of bitcoins before the said fork in November. Like what you guys said, this also might even be a strategy in order to increase the price, thus making it the perfect opportunity to invest once again into bitcoins. Hopefully, they stay loyal to their word and they will hasten the process to bring less-burden to us holders.

AmXProX

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Quote from: Emoclaw on October 31, 2017, 06:30:49 AM

At this point does anyone even care?
Bitcoin is stronger than ever with over $100B market cap and $6.2K each, without China.
While it is positive news, I don't think anyone cares what China is doing with Bitcoin anymore. I feel as though they have lost their influential position..
I suppose we'll find out in the coming weeks. Such rumors are spread for a reason.

If you don't care about China trading bitcoin again it only means that you really don't know how the market goes.
The price that we have right now doesn't include the coins that Chinese has. Imagine if they can put an additional
10000 coins in the market every day what do you think the price will be considering that supply will go up with a
less increase in demand since they are trading by them selves right now.

Influence is not a question on China return it is the coin that they can put on the market again.
Expect for a deep of at least $1,000 once they joined back to trading.

KingOfWinterfell01

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Quote from: kriptomaniac on October 31, 2017, 05:41:45 AM

As some crypto experts such as Clif High, Bix Weir, Teeka Tiwari of The Palm Beach Confidential and many others have already predicted it is very possible that the Chinese can trade again with bitcoin and other cryptocurrencies in a short time as soon as the authorities regulate this market to avoid scams.

Info: https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon

It seems quite clear that the Chinese government wants to harmonize not to lose its privileged position in the cryptocurrency market and at the same time regulate it.

If this forecast is confirmed soon, it could mean a strong boost for Bitcoin and even more for other cryptocurrencies such as Neo or OmiseGo.

Do you think that this will happen as soon as it is predicted or will we still have to wait a few more months? Or do you think that this will never happen or at least not so easy?

I have a feeling that it's not going to be easy for these traders to trade their precious bitcoins. The government will MOST LIKELY tax every transaction they have. Meaning even if they trade or just move their assets from one wallet to another, the government will tax the hell out of their bitcoins. The logic here is that "to prevent scams" but all they do is take most of the slice of their cakes.

mykha

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Quote from: kriptomaniac on October 31, 2017, 05:41:45 AM

As some crypto experts such as Clif High, Bix Weir, Teeka Tiwari of The Palm Beach Confidential and many others have already predicted it is very possible that the Chinese can trade again with bitcoin and other cryptocurrencies in a short time as soon as the authorities regulate this market to avoid scams.

Info: https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon

It seems quite clear that the Chinese government wants to harmonize not to lose its privileged position in the cryptocurrency market and at the same time regulate it.

If this forecast is confirmed soon, it could mean a strong boost for Bitcoin and even more for other cryptocurrencies such as Neo or OmiseGo.

Do you think that this will happen as soon as it is predicted or will we still have to wait a few more months? Or do you think that this will never happen or at least not so easy?

i think they will start again trading soonn..but without China the exchange market is gaining its strength thru altcoins whose its value is going to the moonnnn

pinkman12345

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You can't stop money you can regulate it. Chinese government is the most corrupt government in the world, they did the temp ban just to advertise bitcoins to those who had never heard of it.

heyouyou

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At least now China is banned from trading。 Undecided

sugihe

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I think it could happen that china allow their citizens to trade bitcoin again since they know the power bitcoin eventhough without them involved.

Pfizer

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Quote from: Emoclaw on October 31, 2017, 06:30:49 AM

At this point does anyone even care?
Bitcoin is stronger than ever with over $100B market cap and $6.2K each, without China.
While it is positive news, I don't think anyone cares what China is doing with Bitcoin anymore. I feel as though they have lost their influential position..
I suppose we'll find out in the coming weeks. Such rumors are spread for a reason.

We said this 2 months ago. Nobody was gonna care of the Chinese government's decissions and that happened. The participants of the market kept trusting bitcoin and we observe the result. All time high value was reached!

Mpamaegbu

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Once a man, twice a child!

Quote from: kriptomaniac on October 31, 2017, 05:41:45 AM

As some crypto experts such as Clif High, Bix Weir, Teeka Tiwari of The Palm Beach Confidential and many others have already predicted it is very possible that the Chinese can trade again with bitcoin and other cryptocurrencies in a short time as soon as the authorities regulate this market to avoid scams.

Info: https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon

It seems quite clear that the Chinese government wants to harmonize not to lose its privileged position in the cryptocurrency market and at the same time regulate it.

If this forecast is confirmed soon, it could mean a strong boost for Bitcoin and even more for other cryptocurrencies such as Neo or OmiseGo.

Do you think that this will happen as soon as it is predicted or will we still have to wait a few more months? Or do you think that this will never happen or at least not so easy?

OP, to tell you the truth, I don't think the crypto world cares anymore for China and what she thinks. Cryptocurrency has been able to survive the backlash it got from the Chinese ban and has since moved on. Honestly, I don't give a hoot if China re-embraces cryptocurrency or not. In fact, to hell with China!

Prodigan786

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Quote from: niisarearning on October 31, 2017, 08:48:42 AM

I think previous issues raised by china its their strategy to hold more bitcoin in cheap price . then after Russia also came up with same issues but its couldn't able to succeeded. If china would done without any proper intention then they should be regretting now.

Even i am also thinking same chinese are proper strategist they could have knowing the price increase and also bitcoin fork so they prepared to get cheap coins by doing such all issues. Now price climbs back they will release their holdings.

niisarearning

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I think previous issues raised by china its their strategy to hold more bitcoin in cheap price . then after Russia also came up with same issues but its couldn't able to succeeded. If china would done without any proper intention then they should be regretting now.

JeffBrad12

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Quote from: kriptomaniac on October 31, 2017, 05:41:45 AM

As some crypto experts such as Clif High, Bix Weir, Teeka Tiwari of The Palm Beach Confidential and many others have already predicted it is very possible that the Chinese can trade again with bitcoin and other cryptocurrencies in a short time as soon as the authorities regulate this market to avoid scams.

Info: https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon

It seems quite clear that the Chinese government wants to harmonize not to lose its privileged position in the cryptocurrency market and at the same time regulate it.

If this forecast is confirmed soon, it could mean a strong boost for Bitcoin and even more for other cryptocurrencies such as Neo or OmiseGo.

Do you think that this will happen as soon as it is predicted or will we still have to wait a few more months? Or do you think that this will never happen or at least not so easy?

Did you know the meaning of the "soon"? The important thing to see about what will have done by the china's regulator to prevent the scammers to appear. To make a verification will be better if there are some people are trying to build their own icos or ipo. But if the yuan pair will be available again and that will give a huge impact to the bitcoin's price. We know that this time all of the yuan trade to the bitcoin already closed due to the regulator's instruction and what will be happening if that will be available again soon. Cheesy

kaizerblitz

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That's goodnews for everyone but bitcoin is already fly without the help of china but it will help a lot when the chinese back in the market. China has a big rule in the past year of bitcoin.

BitcoinHodler

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HODLing is an art, not just a word...

poor Chinese that have to deal with that shit from their government all day long every day, but who cares about what China does any more? they lost their validity a long time ago when they first started coming down on their exchanges and each exchange volume went down 10 times showing how fake that volume was!

the only thing which remains remotely important is mining, which is coming to an end with other countries like Japan and Russia starting their own ASIC production and mining farms.

hopefully in a couple of years we see a more decentralization and also more people realizing what decentralized currency really means.

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