Do you hold chinese Altcoins, and will you keep holding them? - page 3.

Rastadon

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Activity: 175

Merit: 100

Quote from: aishyoo17 on September 08, 2017, 06:44:20 PM

I don't hold any Chinese Altcoins as of the moment but with the blood both I am seeing right now I think I am buying some of Chinese Altcoins because I believe that even with the issues right night Chinese people will always find ways to make their coins rise.

Until the problem with the regulators will have resolved and everyone must leave from there and back to the western coin with a promising future. There are so many coin in this time.
If the bad news about the china will continue and that can be a terrible thing to hold em all.

yorklab

full member

Activity: 223

Merit: 105

Utrum OOT

I would stay away from Chinese coins until this all gets figured out; you never know if you'll get caught up in another new law they decide to impliment. There are plenty of other coins to invest in.

Rayp808

brand new

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Merit: 0

I just hold NEO also. Value is down but I think I will take the oppurtunity to increase my stake while price is at a discount. Although the news in China sounds bad for ICos, it will ultimately probably be good for the established companies that want to have long term success in China. All other ICOs that are just money grabs will probably fizzle out now due to regulations but the survivors will be stronger and more serious.

arpon11

sr. member

Activity: 882

Merit: 282

I was thinking of buying neo before but later changed my mind. This could have been the only China coin that I could have investing in. But I will advise anyone hold China coin to keep holding them in other to see what will happen. Remember China government was on okcoin, btcc and others Chinese exchangers this time last year but now all those attacks are over.

Morphling

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Activity: 308

Merit: 134

Quote from: BitcoinHodler on September 09, 2017, 06:35:03 AM

Quote from: muenze on September 08, 2017, 03:40:08 PM

This is my summary of the news today. Anyway my question, do you have any chinese coins? And will you hold them?

when you say Chinese altcoins, and if you mean like an altcoin that is deeply rooted in China and essentially is centralized, that simply means that you should not be even thinking about it. that is a centralized altcion not worth even considering let alone investing or holding.
and it doesn't matter what currently is going on in China!

altcoin may be decentralized, but the team is not, they have the nationality and live in a country, we say a altcoin is Chinese usually means the team mostly come from China, and you must accept the Chinese law as long as you live in China

BitcoinHodler

hero member

Activity: 1456

Merit: 579

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

Quote from: muenze on September 08, 2017, 03:40:08 PM

This is my summary of the news today. Anyway my question, do you have any chinese coins? And will you hold them?

when you say Chinese altcoins, and if you mean like an altcoin that is deeply rooted in China and essentially is centralized, that simply means that you should not be even thinking about it. that is a centralized altcion not worth even considering let alone investing or holding.
and it doesn't matter what currently is going on in China!

limmousine

sr. member

Activity: 546

Merit: 251

I still hold altcoin china neo and will keep it until all altcoin prices improve and go back up. I'm sure the Chinese regulation that ban ico is only temporary. Very unfortunate many people who experience panic sell.

Still save and hold your current assets and you will benefit in the future, do not you regret it later.

Bay_Harbour_Butcher

full member

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I do not hold any chinese altcoin, but instead I think I want to buy it when it goes down like this. maybe chinese coins will find a way to rise

xdev

jr. member

Activity: 59

Merit: 10

According to this press release from PBOC it is official.

http://www.pbc.gov.cn/english/130721/3377816/index.html

Not sure if it was previously just rumours, but paragraph 3

III. Management of Related Platforms Shall be Strengthened

From the date of release of this Notice, any so-called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or “virtual currency”; or engage in proprietary trading activities or trading as an central counterparty of tokens or “virtual currencies”; or provide pricing services or act as information intermediary for tokens or “virtual currencies”.

As for the trading platforms with activities that have violated laws or regulations, the financial regulatory authorities will notify the administrative department in charge of telecommunications to adopt measures such as shutting down its website platform and mobile APP, notify the administrative departments in charge of cyberspace to remove its mobile APP from the APP store, and notify the business administration department to revoke its business license.

Is stating that any exchange allowing ICO trading shall cease operations effective immediately. cnLedger is also reporting that Chinese exchanges who previously allowed ICO trading are now delisting ICOs

aishyoo17

sr. member

Activity: 490

Merit: 250

I don't hold any Chinese Altcoins as of the moment but with the blood both I am seeing right now I think I am buying some of Chinese Altcoins because I believe that even with the issues right night Chinese people will always find ways to make their coins rise.

Indrawan77

hero member

Activity: 1274

Merit: 516

Yes I hold Neo, but not anymore, since the rumour of banning I had sold it, the price really fall down deeply and the longer I hold the longer the price will fall down more deeply, for temporary I will stay away from china alt coin, I am worried the china's government going to take another big step to eliminate altcoin

cnr_crypto

newbie

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Merit: 0

Quote from: eternalgloom on September 08, 2017, 04:44:00 PM

I do not hold any chinese altcoins, at least not any that I'm aware of. I'd worry a little bit that China will pass new legislation that isn't too great for altcoins in general.
Does anyone know of some specific altcoins that were developed in China? Couldn't even think of one to be honest.

NEO, Walton, HShares, Binance Coin off the top of my head.

I'm a firm HODLer when it comes to whitepapers originally written in my first language. For NEO, I did +120% then sold because I honestly didn't understand the crypto regulation ecosystem in China and I still don't. After the first news of the ban on Monday we get this list from Caixan of ICOs that are banned, but it's all in fucking Chinese. The time it takes for me to hear news from China is after the majority of stakeholders in these Chinese Cryptos have already begun to react, which makes me uncomfortable.

Yudhisthir

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Activity: 1060

Merit: 103

www.Artemis.co

I don't think there are any popular China only coins, but there are many coins that originated from China.
I think Chinese government is supportive for development and research about cryptocoins in china.
And that strategy and enthusiasm among youth makes china a great place for cryptocurrency.

Read this from Forbes https://www.forbes.com/sites/kenrapoza/2017/09/06/chinas-ico-ban-doesnt-mean-its-giving-up-on-crypto-currencies

Moana

full member

Activity: 298

Merit: 106

I guess the number one this question refers to is NEO.... I don't have any, but soon I may get them cheap...

eternalgloom

legendary

Activity: 1792

Merit: 1283

I do not hold any chinese altcoins, at least not any that I'm aware of. I'd worry a little bit that China will pass new legislation that isn't too great for altcoins in general.
Does anyone know of some specific altcoins that were developed in China? Couldn't even think of one to be honest.

muenze

full member

Activity: 224

Merit: 157

Rumour is ICOs get banned, and maybe Exchanges who do ICOs get their bank accounts frozen (and shut down), but this has not been confirmed so far its mostly rumours , tho there is also tweets by a chinese exchange confirming it, and by a chinese bank who said they got an order to freeze an exchange account. However there was also at least two chinese exchanges that said they got no shut down notices and still operate as normal.

This is my summary of the news today. Anyway my question, do you have any chinese coins? And will you hold them?

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