So it means that China have started to close the local exchanges and going to ban Bitcoin and its uses, if it is really matters about china then i think the price will be going back to low range.
The regulatory bodies of China are starting to ban local exchanges that offer trading services of crypto-currencies. This does not mean that they are banning bitcoin. Users in china can still use bitcoins as usual. They can still buy bitcoins through other sources.
Topic: Guys, this time it's extremely serious! - page 3. (Read 2105 times)
So it means that China have started to close the local exchanges and going to ban Bitcoin and its uses, if it is really matters about china then i think the price will be going back to low range.
The regulatory bodies of China are starting to ban local exchanges that offer trading services of crypto-currencies. This does not mean that they are banning bitcoin. Users in china can still use bitcoins as usual. They can still buy bitcoins through other sources.
Yes, it is clear that China is the main cause of big dips and lowered prices. Powerhouse, great number of traders and investors, that is how they are known in the field of bitcoin.
But I think it could lead to either success or failure of bitcoin in the future. I can see how China eliminated threats for bitcoins use. I definitely think that bitcoin will be taken seriously after this.
But I think it could lead to either success or failure of bitcoin in the future. I can see how China eliminated threats for bitcoins use. I definitely think that bitcoin will be taken seriously after this.
Exactly. Am not at all worried by the bans. The price means nothing as long as Bitcoin does what it suppose to do.
The ban may force stakeholders to stick with decentralized exchange & find solutions to its problem rather than choosing government controlled ones.
You cannot continue to beg government to adopt Crypto. Government should be the ones begging.
The ban may force stakeholders to stick with decentralized exchange & find solutions to its problem rather than choosing government controlled ones.
You cannot continue to beg government to adopt Crypto. Government should be the ones begging.
So what is the possibility US bans it?
There's absolutely nothing on the radar on that front, unless you have a very inflated opinion of Jamie Dimon's influence.
if in my opinion this might just be a surprise for a moment, because as we know china is one of the biggest bitcoin markets. I remain optimistic, sooner or later the market will return to normal 
It's a good thing and a natural thing.
This stuff happens all the time with Bitcoin and seeing as how Bitcoin and most altcoins were overpriced they were due for a correction.
This stuff happens all the time with Bitcoin and seeing as how Bitcoin and most altcoins were overpriced they were due for a correction.
The sad thing is that Chinese people themselves have more to lose with it. It is a very profitable market, generates jobs, and will only grow in the future.
People like you are how people like me make money
So it means that China have started to close the local exchanges and going to ban Bitcoin and its uses, if it is really matters about china then i think the price will be going back to low range.
Thanks for sharing the information, but now it is a "sell the news" event, and it will probably not influence the price much more.
A lot of speculators was already aware of this... Although not official, Charlie Lee tweeted about it days ago.
A lot of speculators was already aware of this... Although not official, Charlie Lee tweeted about it days ago.
It was really quite horrible to see bitcoin tumbling down today by such a huge margin. Its undoubtedly the biggest fall I've ever seen in the crypto market and undoubtedly all credit goes to China. But I think its just a beginning of a series of problems for bitcoin. China itself is a huge economy and if it has planned to ban btc exchanges many other countries too might be following the same path. If this happens it will be a serious setback to crypto market. It really does not matters how much we boast about the thing that bitcoin cannot be regulated by any country at the end we have to obey the laws of our nation unless you are a ruthless hacker who can hide himself on this web. This is a serious time but I think things will become cool soon.
Anything can change Bitcoin. A single person who has a large enough influence can actually change the price of Bitcoin. That really isn't the point though because if people keep using it and keep relying on it and people keep adapting and using it, it will remain. I don't think China doing anything will effect the long term price of BTC.
So what is the possibility US bans it?
Undoubtedly, the BTCChina news affected the markets and it was hit hard by investors who sold in pure panic.
But this is going very serious as after this, Litecoin creator Charlie Lee said in a reply to cnLedger's tweet that: "OKCoin and Huobi are meeting with regulators tomorrow. They might soon change their tune." - https://twitter.com/SatoshiLite/status/908375715279597570
It looks like China has taken its decision and is prepared to shut down these exchanges there. This may prove to be the toughest times in the history of Bitcoins and all this has endangered as well as challenged the existence of Bitcoins that whether a country's decision may ruin everything or not.
There's still a light of hope for everyone because the same guy, Lee said in his own tweet that: "This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country." - https://twitter.com/SatoshiLite/status/908379371571863553
Bitcoin still looks in a dilemma-tic situation here and the road upwards is looking hard if we consider charts which show that selling pressure has gone extremely high atm and control over buy side has been lost.
But this is going very serious as after this, Litecoin creator Charlie Lee said in a reply to cnLedger's tweet that: "OKCoin and Huobi are meeting with regulators tomorrow. They might soon change their tune." - https://twitter.com/SatoshiLite/status/908375715279597570
It looks like China has taken its decision and is prepared to shut down these exchanges there. This may prove to be the toughest times in the history of Bitcoins and all this has endangered as well as challenged the existence of Bitcoins that whether a country's decision may ruin everything or not.
There's still a light of hope for everyone because the same guy, Lee said in his own tweet that: "This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country." - https://twitter.com/SatoshiLite/status/908379371571863553
Bitcoin still looks in a dilemma-tic situation here and the road upwards is looking hard if we consider charts which show that selling pressure has gone extremely high atm and control over buy side has been lost.
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