Crypto going Banned in China? Bitcoin going Illegal? - page 2.

TastyChillySauce00

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Quote from: Moana on September 08, 2017, 05:26:07 PM

If they make Bitcoin illegal in China I guess there will be a lot of cheap mining equipment on sale...

Those equipment must have been overused, Chinese miners have existed since centuries and they're doing it 24/7 so you can guess how's the condition of those rigs, pretty sure that those aren't in mint condition.
and I don't think the electricity in china is so stable that their rig never gets sudden shut down.

Immakillya

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They always say that. But nothing happen. They are just spreading FUDs to make cryptos prices collapse. Only noobs will buy that shit.

Quote from: Zakhal on September 08, 2017, 03:38:19 PM

How can they ban crypto when China is the leading manufacturer of crypto? Or are they going to continue mining while banning the product that the mining generates? Doesnt sound believable. Grin

Yes, you are right. They are the biggest manufacturer of mining rigs and probably one of the biggest cryptocurrency mining in world. I don't think they will totally ban it.

Quote from: allycn on September 08, 2017, 02:54:41 PM

Will that make BTC price fall?

Yup. As China is one of the biggest player when it comes to crypto. Bitcoin will definitely crash. Recently, they ban all ICOs there. Now you see big impact at the price of bitcoin and altcoins in the market. Most of them are declining. If they ban all cryptos, i think bitcoin will go back from $2,000.

blockchainmarketus

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Quote from: ask on September 08, 2017, 09:17:16 AM

I hope they will not try to Ban all crypto coins in China.
And they wont do that cause its a really good income for China.
Please think about Asic Manufucators and big farms in China. Then You will see there is no way to Ban

I think so. It is difficult to ban standing cryptocurrency like BTC and ETH and others that have high marketcap. even one country ban, there will be hundred country not ban BTC. It is difficult because many merchants accept BTC payment like Burgerking and some shopping stores. It is people money country can't ban a large marketcap BTC. No worry about that. Even all country bans ( Impossible) Bitcoin is still worthy because many users will accept bitcoin payment for their products and services.

n4poleon

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I'm a contrarian so, when china bans bitcoin i think the price will skyrocket, why? remember what happen before when china implementing capital controls? bitcoin mooned. Who knows maybe today is more of retaliation.

jaocoincrypto18

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Quote from: sommii on September 08, 2017, 09:33:23 AM

Most of Bitcoin miners are running in China, if China bans bitcoin then I expect its price drop to $2k or less.

This is going to happen because China now is relying to the empowerment of their currency this is why they are going to ban bitcoin because of too much patriotism in their heart that they believed that they dont need the help of other nations that they must believe of their own capabilities. If they adopt bitcoin its just like they denied the dignity of their country.

Moana

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If they make Bitcoin illegal in China I guess there will be a lot of cheap mining equipment on sale...

boranes

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Quote from: talkbitcoin on September 08, 2017, 09:29:03 AM

Quote from: ask on September 08, 2017, 09:17:16 AM

I hope they will not try to Ban all crypto coins in China.

i hope they DO BAN all crypto in China including bitcoin. it will be once and for all and we will get rid of them for good!

i am honestly sick and tired of hearing about news coming from China that always spikes FUD and causes bitcoin price to swing around wildly. if there was reality to these swings i wouldn't have been as mad.

some bullshit rises from China and panic sellers start giving away their bitcoin to whales instead of taking the cheap coins from whales. and we have all seen where each of these panic sells end up...

I agree with you, every time chine do something it effects bitcoin price. It is just showing how bitcoin is centralized and i hope they will ban it because it won't be centralized in China any more!

Kenny001

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I hope my buy orders will go off. Keep selling to the right hands. Lets make some big money. Goodnight.

Zakhal

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I love crypto

How can they ban crypto when China is the leading manufacturer of crypto? Or are they going to continue mining while banning the product that the mining generates? Doesnt sound believable. Grin

GRR

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FUD again, zzzz. Retards sell now, smart guys buy. Retards fomo back again in.

Gnosis7777

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Utter BS.

China has taken a stance, as did the US, that ICO coins are simply unregulated and illegal sales of securities.

Bitcoin was not launched and sold by a for-profit centralized corporation selling a product/security; Nor was litecoin for that matter; they were simply invented and put into the wild for anyone to mine. A world apart from being created and sold by a for-profit corporation as an interest or share in a centralized company for the purposes of 'fund raising'.

On the other hand, coins like Ethereum & Neo are certainly going to have a problem.

The US has also begun to regulate crypto exchanges, the Chinese are following suit along the same lines; This should simply make decentralized exchanges more popular.

This is not a 'blanket ban', pure FUD.

StockBet.com

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China and the West are the biggest money launderers in the world.

The Chinese people have been laundering money out to buy real estate in the West for decades.

Several years ago, China's central bank asked Western governments to help stop this. Instead of helping, Western governments such as Canada and Australia, aided and abetted the money laundering, by offering visas to any Chinese who brings over $X.

Banning cryptos is probably another attempt by the Chinese government to stop this money laundering.

When Western governments tell you that they want to regulate cryptos with AML, they probably want to stop outflow only, not inflow of money.

allycn

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Will that make BTC price fall?

Geenstijl

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Bloody monday, bloody friday... And everywhere is China. It looks like soon market cap will be going down if there is any news with word China. Truly speaking this news could produce huge income for people, who produce them, i.e. China officials. They need just make short position before the news and GDP of China would grow instantly for some percents in few hours)))

benthach

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these fukking china/chinese rumors need to stop as it is not funny anymore, it is irritating, annoying and these fukkers sound dumb. these guys and even their government sound like little kids wanting candy then ban it the next day. no one can ban crypto, simple as that. there will always be ways around it even torrent, just like torrent.

THESE FCCKING CRY BABIES NEED TO STOP NOW!

itsonlikedonkeykong

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Friday, bloody Friday!

Buying opportunity?

TrueAnon

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Don't worry, once decentralized exchanges like Kyber get going this is all going to be a worry of the past Wink

cryptohunter

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who cares, get rid of this pest of a country once and for all.... tired of them trying to spoil the party.

let's withdraw our orders for flip flops and go with countries that accept btc until they are at breaking point.

Although good they are cracking down on ico scams. Ban all that fancy terms for insider instamining and bring back a real distributional model like POW.

Blog_crypto_trading

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Facebook is illegal in China too, going well for now.

GRR

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For the love of god, yes please panic and sell everything like morons. Other people will love to buy it, such as myself, and make fortunes whenever idiots start panicking.

Topic: Crypto going Banned in China? Bitcoin going Illegal? - page 2. (Read 2188 times)