In some way, I see this as a good news and also bad news. At least we would know the authenticity of the exchange we are buying BTC from.
Let just hope that if they resumes there won't be much protocols. Every thing should be made easy please.
Topic: Good News - China - page 4. (Read 6456 times)
If it's true then it's really a good news but I think no official announcement has been made till now by China confirming that the shutting down of exchanges is only temporary and they can start working again after having obtained the license.
I am also afraid that this is another baseless rumor. Till now no major media source have covered this news, and the two exchanges which are closing down (BTC China and ViaBTC) are urging the users to withdraw their coins within the specified time and close their accounts.
Just talk to any chinese and they will they you that their government loves to make all these dodgy statements of banning something, then it turns out it was temporal and they issue licenses to keep the things running. This is how china government makes a ton of money by doing insider trading while trying to pass it out as legal. These crooks are stealing all the BTC from the panic sellers in order to position themselves as the BTC leading nation.
Well that is really good news and i hope the chinese gets their acts together and buy back their coins it all about making the prices go above and up high again. Thank for this post. This is a breath of fresh air this morning.
Mike V - Viacoin Telegram
" I have just spoken to Yobtc.
They told me that before Sept. 4th they didn't need any licenses to open their exchange.
So now they have to close down due to new regulations.
Which probably means that every exchange will be able to purchase licenses soon.
And open up again.
So my advice is to buy as much BTC/alts as you can before that happens "
https://twitter.com/TradingWhaIe/status/908607956010389506
" I have just spoken to Yobtc.
They told me that before Sept. 4th they didn't need any licenses to open their exchange.
So now they have to close down due to new regulations.
Which probably means that every exchange will be able to purchase licenses soon.
And open up again.
So my advice is to buy as much BTC/alts as you can before that happens "
https://twitter.com/TradingWhaIe/status/908607956010389506
good to hear that news about china, so we will wait that happen when china opens again in bitcoin world, they will purchase licenses soon and they are close due to a new regulation which implement on their country, so sooner or later china will be part of this community again,
now is the time to bought/buy some alcoins and bitcoin because china is coming again lol. the big event is going so soon so be ready and be part of it.
If it's true then it's really a good news but I think no official announcement has been made till now by China confirming that the shutting down of exchanges is only temporary and they can start working again after having obtained the license.
I remember some of the previous price drops this year were also caused by Chinese FUD for regulations. And until now, Bitcoin went up further again soon after.
It's not a bad thing for exchanges to be regulated, it's just weird they got away with running unregulated financial businesses for this long.
If they're back after they have been licensed, that's one less fear hanging over Bitcoin. Until then, panic selling means many coins change hands, and most likely the whales get richer out of this.
It's not a bad thing for exchanges to be regulated, it's just weird they got away with running unregulated financial businesses for this long.
If they're back after they have been licensed, that's one less fear hanging over Bitcoin. Until then, panic selling means many coins change hands, and most likely the whales get richer out of this.
Unfortunately im allready allin....
I still do not understand how you guys interpret "exchanges will be licensed in China" into this screenshot?
Well I still hope that China will get kicked out (forbidden!) of every crypto things.. (exchange, mining, holding..)
Why?
The chinese dictatorship government is one of the most intransparent on earth (after north korea).
No more business for chinese exchanges means more "pieces of the cake" for the rest of the world.
Sorry, but the chinese people get what they deserve. The missed to stand up against a totalitarian regime, so the have to accept now.
Or why else would all these now closing exchanges, that are missing huge profits now, obey to a (still nowhere seen) governmental rule now?
Why?
The chinese dictatorship government is one of the most intransparent on earth (after north korea).
No more business for chinese exchanges means more "pieces of the cake" for the rest of the world.
Sorry, but the chinese people get what they deserve. The missed to stand up against a totalitarian regime, so the have to accept now.
Or why else would all these now closing exchanges, that are missing huge profits now, obey to a (still nowhere seen) governmental rule now?
That's good news then but why is btc still going down? I am really hoping China will be done with their dramas, but in another perspective it is the best time to bitcoin also, so for those who wants to invest in bitcoin now is the right time to buy them.
Not a bad new but unfortunately the time to be spread other people will continue to spread wrong infos. I saw a title on Cointelegraph saying Chineese bitcoin exchange have to close by 30 september. It will need a huge communication to say that finally they just need a licence.
@klien_br Can you tell me what is the exchange you talked to in the screenshot you posted? I would like to rea their new they are talking about
@klien_br Can you tell me what is the exchange you talked to in the screenshot you posted? I would like to rea their new they are talking about
i think we can safely say that the previous couple of weeks have been the weirdest days in bitcoin history! there was no reason in first place for bitcoin price to go down but it did and just because of banning of ICOs! i don't know maybe some people think ICO and bitcoin is somehow related 
then the fake news turned into China banning bitcoin!!! which was the funniest of all times.
all the while nothing new has happened! it is the same regulation and licensing of exchanges as before.
then the fake news turned into China banning bitcoin!!! which was the funniest of all times.
all the while nothing new has happened! it is the same regulation and licensing of exchanges as before.
Ecaxtly and it seems to me that such situation was somehow created with a purpose, with bad purpose to make such mess and panic just that someone could have use of it. Maybe I'm paranoic but I have such feeeling.
Because what is so strange and dramatic in trying to licence the exchangers?
this will some time to get out of this FUD. NOw BTC price will move slowly upward and when people see it again happening, they they will purchase it again like a parabolic graph as panic occur to see big profit other are making out of BTC. Then again some new bad news will be spread about BTC like in DEcember etc
Well, that makes a lot of sense now. The Chinese probably had withdrawn their money from the exchanges just to be safe before it closes - but eventually would go back once these companies are able to secure licenses. I badly want this price drop to end soon because I am seeing blood everytime I wake up in the morning.
i think we can safely say that the previous couple of weeks have been the weirdest days in bitcoin history! there was no reason in first place for bitcoin price to go down but it did and just because of banning of ICOs! i don't know maybe some people think ICO and bitcoin is somehow related
then the fake news turned into China banning bitcoin!!! which was the funniest of all times.
all the while nothing new has happened! it is the same regulation and licensing of exchanges as before.
then the fake news turned into China banning bitcoin!!! which was the funniest of all times.
all the while nothing new has happened! it is the same regulation and licensing of exchanges as before.
China just want some cryptocommunity attention. Good news though, many weakminded speculants have lost their coins.
Good news indeed. Hope all ends well for us. Been a sad week ☹️
I also believed that this local exchanges closing down is just FUD. BTC China has voluntarily step up and said that they will stop trading as well. But it doesn't mean that they are not going back. Chinese trading platforms may have to get licensed before resuming its operations. It was another set of tighter regulations that those exchanges need to comply before they can go back to business. But the scare that they are closing and won't be back are already evident as the price continued to plummet every hour. So for those big investors, or even casual like us, the best thing to is hold on your coins and if possible, buy in this dipping point.
Well that good news.. And off course this is really good time to buy more Bitcoin.. Sooner or later Bitcoin create new record when all rumours solove out..
i think that you should wait a little bit more before buying bitcoin because if you buy it at a lower value, like around 2.5k. Then you will be making a lot more profit than when you buy it now. And we don't know for sure if bitcoin will go up again.
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