Fake news :Bitcoin is not banned in china - page 6.

neya

full member

Activity: 504

Merit: 100

Quote from: Islampower on September 12, 2017, 03:09:22 PM

Don't panic and don't sell your crypto Angry

, it is only fake news , they can't bane banne bitcoin Cool

I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. Tongue

bitcoin will not banned at all. and if its ban in china it will not affect totally the cryptoworld. its normal that bitcpin dump and pump. same like before. we need to worry if the bitcoin price go down to $1000 but as we can see it rise at fall in a day. lets just hope that biycoin will rise up to $5000

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: Nameless27 on September 13, 2017, 08:54:39 PM

We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.

I am guessing that it's some newbies that are panicking at the moment, thru don't know enough about the cryptocurrency market at the moment and it's setbacks like these that will make them really appreciate and learn instead of depending on everyone's say so.

nathantross

newbie

Activity: 3

Merit: 0

Whether an actual "ban" or not, I'm curious what long-term changes this will have to other countries and how they interact with cryptocurrency. Thoughts?

bitcoinvestor

hero member

Activity: 812

Merit: 501

Quote from: bryant.coleman on September 15, 2017, 05:31:55 AM

The "ban on bitcoin" can mean a lot of things. It can be any of these:

1. A ban on the possession of Bitcoin
2. A ban on the trading of Bitcoin
3. A ban on the conversion of Bitcoin to fiat
4. A ban on using Bitcoin as a currency
5. A ban on trading derivatives based on Bitcoin.

Right now, it seems to me that the Chinese are more concerned with #4, because they are afraid that Bitcoin can seriously undermine the Chinese Yuan.

It is impossible to ban the possesion of Bitcoin. How many people will be in jail if 1 practiced. A ban of using bitcoin as currency, in many countries do so, however practically many people do transaction using bitcoin. WHo knows if I bougt a cloth with bitcoin offline.

miguelmorales85

hero member

Activity: 544

Merit: 507

well, let me tell you it was a great oportunity to open a short position after Charlie Lee tweeted his "joke" about the news from his hidden source.
It was a 1000$ per BTC movement. So could have made a lot of money. Without selling one BTC , just with leverage.

facebookbtc

newbie

Activity: 19

Merit: 0

The more they accused bitcoin of being "fraud" especially Jaime Dimon. The more bitcoin will be popular remember bad publicity is also a publicity. Bitcoin is strong on the top now and it will be there for a long time.

Master_dandosha

hero member

Activity: 714

Merit: 500

IF YOU Enjoy Trade with ME ..PUT Feedback Please

don't panic none of nation worldwide can affect bitcoin , we are strong enjoying freedom of payment everywhere . they only can close exchanges but nothing else can be done still chineses can use bitcoin ,eth even NEO

Islampower

full member

Activity: 168

Merit: 100

Quote from: bryant.coleman on September 15, 2017, 05:31:55 AM

The "ban on bitcoin" can mean a lot of things. It can be any of these:

1. A ban on the possession of Bitcoin
2. A ban on the trading of Bitcoin
3. A ban on the conversion of Bitcoin to fiat
4. A ban on using Bitcoin as a currency
5. A ban on trading derivatives based on Bitcoin.

Right now, it seems to me that the Chinese are more concerned with #4, because they are afraid that Bitcoin can seriously undermine the Chinese Yuan.

very good
thank you for these very useful explanations

bryant.coleman

legendary

Activity: 3766

Merit: 1217

The "ban on bitcoin" can mean a lot of things. It can be any of these:

1. A ban on the possession of Bitcoin
2. A ban on the trading of Bitcoin
3. A ban on the conversion of Bitcoin to fiat
4. A ban on using Bitcoin as a currency
5. A ban on trading derivatives based on Bitcoin.

Right now, it seems to me that the Chinese are more concerned with #4, because they are afraid that Bitcoin can seriously undermine the Chinese Yuan.

RedX

sr. member

Activity: 364

Merit: 250

Losing China in the cryptomarket can really affect us even if it's just fake news. It just show that this country plays a major role in trading bitcoin. They has also the largest bitcoin mines so banning it is really absurd.

endlasuresh

full member

Activity: 756

Merit: 103

So many told in the past thread it was a fake news and spreading it on the internet. Bitcoin cannot be banned by China because they are a developing country as par as I knew, however we will see in next month the rise in Bitcoin price.

mercer007

full member

Activity: 266

Merit: 100

Quote from: Islampower on September 12, 2017, 03:09:22 PM

Don't panic and don't sell your crypto Angry

, it is only fake news , they can't bane banne bitcoin Cool

I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. Tongue

I too believe that the dump in the Bitcoin market is just for a short time and as soon as Chaina's government settles the matter i.e. they are not going to banned Bitcoin exchange and are banning ICOs temporarily, the price of the Bitcoin again began to pump,so hold on for a while and do not panic or sell your Bitcoins.

ranman09

full member

Activity: 756

Merit: 112

Yes, its true that China cant ban bitcoin. But the news all around saying they did, already did freaks people out. You should be glad for you know for sure China will never ban bitcoin, you should be glad and buy more Cheesy

.

Yuhee

sr. member

Activity: 546

Merit: 250

Quote from: entrepmind23 on September 13, 2017, 09:44:52 PM

Quote from: Nameless27 on September 13, 2017, 08:54:39 PM

We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.

China spread rumors before that bitcoin will be banned and it was effective thus they do it again. I agree that we cannot blame those who panic because there are countless predictions that bitcoin would continue to rise and the possibility to double in just a few months and then when they heard the rumor about bitcoin, they just panic and immediately sold which has greatly affected the market.

Bitcoin has been rising for a while and seeing the rise in price makes me worried it will go down just as quick as it had risen and it is already happening now. I believe bitcoin will rise again and now it is just a healthy correction. In every market there is a cycle and this correction is needed so that bitcoin will not become a bubble so it has to go down from time to time and not just continuously rise up.

I would say for me that the China banning bitcoin really got me interested somehow on how the price goes. Most of us would really have some negative reaction upon hearing this news but its in more reading that we realize it could be just another fake news. A lot of influences could affect prices not just btc but anything in the economy. Even before these China issue, there had been price falls and increase so i am not really worries if there are some kind of news like this.

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: Nameless27 on September 13, 2017, 08:54:39 PM

We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.

China spread rumors before that bitcoin will be banned and it was effective thus they do it again. I agree that we cannot blame those who panic because there are countless predictions that bitcoin would continue to rise and the possibility to double in just a few months and then when they heard the rumor about bitcoin, they just panic and immediately sold which has greatly affected the market.

Bitcoin has been rising for a while and seeing the rise in price makes me worried it will go down just as quick as it had risen and it is already happening now. I believe bitcoin will rise again and now it is just a healthy correction. In every market there is a cycle and this correction is needed so that bitcoin will not become a bubble so it has to go down from time to time and not just continuously rise up.

Nameless27

sr. member

Activity: 322

Merit: 253

We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.

~Spawn~

jr. member

Activity: 33

Merit: 12

So, no fundamental reason for the price drop? In that case, it's quite possible that pump&dump groups are suppressing the price. I wonder for how long they can hold it down.

doedz

hero member

Activity: 1106

Merit: 502

Panic just makes you fail to survive, and that is the main problem of a trader. This issue is very annoying I am sure only "FUD". Some people want BTC down and depressed, while they enjoy the price for some time. I do not believe in tires. If this happens China is suicidal. Shocked

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: daarul50 on September 13, 2017, 10:37:57 AM

Quote from: obicrypto on September 13, 2017, 03:15:40 AM

I have said it so many times that no one country owns bitcoin and as such no country can bring down bitcoin!

it is not a country that lowers the price of bitcoin, but a country's decision on the bitcoin usage policy is affecting global bitcoin market prices.

That's right. If BTC were to be banned in a country where there are many investors, like in China, some of those coins would be converted back to local currency.
People would be afraid of being unable to trade and cash out, so they'd sell while the exchanges are still online.
As we know, a massive sale, even if performed by just 5% of the investors, could trigger an avalanche.

zahed

full member

Activity: 344

Merit: 107

I agree with you and i do not believe Bitcoin is banned in china its just stupid news.Bitcoin is global currency so this coin popularity is high in wrold wide.When this news is published after that everybody try to sell their BTC.Keep paitence.

Topic: Fake news :Bitcoin is not banned in china - page 6. (Read 3515 times)