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Topic: Get a grip. China is NOT 'banning' or 'rejecting' BTC, they're just making aware (Read 1100 times)

member
Activity: 112
Merit: 10
Looking to start various enterprises
Its banned for use in sales, but not many of them were made in china anyway. You can still buy and sell bitcoin and the exchanges are still allowed. The panic sale will be over by tomorrow with any luck
hero member
Activity: 826
Merit: 501
in defi we trust
They won't affect the bitcoin model , and that is what matters!
Sure, but volatility (rising and crashing BTC/USD rates) will, unfortunately, affect global acceptance.

Obviously Bitcoin is here to stay either way, fully agree there.

Affect the time of global acceptance. And , hell , I'm still young:).
legendary
Activity: 1176
Merit: 1011
They won't affect the bitcoin model , and that is what matters!
Sure, but volatility (rising and crashing BTC/USD rates) will, unfortunately, affect global acceptance.

Obviously Bitcoin is here to stay either way, fully agree there.
legendary
Activity: 2674
Merit: 2965
Terminated.
Ignorant press. Anyone who bans Bitcoin will make a huge mistake, in due time.
hero member
Activity: 826
Merit: 501
in defi we trust
We don't need to get a grip.
I don't care about what China does! It will affect the price ? Maybe , Maybe not!

They won't affect the bitcoin model , and that is what matters!
full member
Activity: 168
Merit: 100
Kinda sad how deliberately Bloomberg misinterprets the news from China, calling it a 'ban', and people shouting how China 'rejects' or even 'forbids' Bitcoin.

They're mostly just making people aware of the fact that it's not an official currency, and warning about the risk it bears when trading in it.

Here's an article that puts things in better perspective: http://www.techinasia.com/panic-chinas-regulation-bitcoin-leaves-room-optimism/

So get a grip, you panic-mongers Smiley

Can you not see what they are doing? They want to buy and are well bid. How to buy cheap? I think you know now.
legendary
Activity: 1176
Merit: 1011
Hmm, bearish?
Not quite Smiley

In the very beginning, when I just found out about Bitcoin, I was extremely sceptical. But after studying the concept in depth, it struck me how brilliant and ingeneous this thing is, and I've been a strong bitliever ever since. Both during ups and downs.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
sr. member
Activity: 308
Merit: 250
Indeed, thanks for this. Finally an article which offers a more nuanced opinion, instead of Doom&Gloom
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Kinda sad how deliberately Bloomberg misinterprets the news from China, calling it a 'ban', and people shouting how China 'rejects' or even 'forbids' Bitcoin.

They're mostly just making people aware of the fact that it's not an official currency, and warning about the risk it bears when trading in it.

Here's an article that puts things in better perspective: http://www.techinasia.com/panic-chinas-regulation-bitcoin-leaves-room-optimism/

So get a grip, you panic-mongers Smiley
Hmm, bearish?
legendary
Activity: 1176
Merit: 1011
Kinda sad how deliberately Bloomberg misinterprets the news from China, calling it a 'ban', and people shouting how China 'rejects' or even 'forbids' Bitcoin.

They're mostly just making people aware of the fact that it's not an official currency, and warning about the risk it bears when trading in it.

Here's an article that puts things in better perspective: http://www.techinasia.com/panic-chinas-regulation-bitcoin-leaves-room-optimism/

So get a grip, you panic-mongers Smiley
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