China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. ... China is one of the world's largest crypto-currency markets. Fluctuations there often impact the global price of crypto-currencies.
China wants to crush crypto because it hates the smell of freedom.
But China’s ban won’t big impact crypto at all.
Topic: How are you taking the China Bitcoin Ban? - page 5. (Read 564 times)
What do you think about this? How are you taking this ban?
Taking it pretty much the same way I took all other previous bans in other countries, meaning not caring about it at all. It is true that this ban is probably the harshest so far in China and market reacted to it, but to be honest, the less Bitcoin has to do with China, the better. So whatever happens, its not bad for Bitcoin in the long run. 
Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
are you a chinese ? if not then why care about their banning? i don't know what is your main objective here but it seems that China had banned Bitcoin slowly for long time , first Mining and now totally Bitcoin.Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
I don't know what China government wants, but with spreading negative news we know they don't support the growth of Bitcoin. If China government owns a big number of Bitcoin, doesn't mean they like Bitcoin. Those Bitcoin probably got from criminals or taxes from Bitcoin users in China. They may not sell the Bitcoin to the market, just keep the Bitcoin on the wallets.
they holding Bitcoin because of the opportunity to profit but now that they have their own currency then leaving bitcoin and pushing their Own is what they are doing. 
I find it pretty boring actuall. Same old FUD again, here we go!
What I am really waiting for is whether in the few remaining months of the year we are really going to have a rally, as most of us expect, that mimics what has happened in previous cycles. If this does not happen, many predictive models will have to be rethought. And it would have to be analyzed whether the price behavior is due to causes such as China or others, rather than supply and the pattern of cycles.
What I am really waiting for is whether in the few remaining months of the year we are really going to have a rally, as most of us expect, that mimics what has happened in previous cycles. If this does not happen, many predictive models will have to be rethought. And it would have to be analyzed whether the price behavior is due to causes such as China or others, rather than supply and the pattern of cycles.
I don't know what China government wants, but with spreading negative news we know they don't support the growth of Bitcoin. If China government owns a big number of Bitcoin, doesn't mean they like Bitcoin. Those Bitcoin probably got from criminals or taxes from Bitcoin users in China. They may not sell the Bitcoin to the market, just keep the Bitcoin on the wallets.
I thought seized Bitcoin should be in auction for sale and the money used by the government as a governments fund and not held by the government.
This is not what you're talking about they are holding Bitcoin, they're holding Bitcoin from a seized exchanges and they aren't the real owner of that large amount.
It's now owned by the government once they caught it from criminals. But I think this is not good they are holding people's owner bitcoin but instead selling it as an auction so that the fund can be used it.
It has a huge impact on the Bitcoin price if all of these organizations will sell their Bitcoin.
This is not what you're talking about they are holding Bitcoin, they're holding Bitcoin from a seized exchanges and they aren't the real owner of that large amount.
It's now owned by the government once they caught it from criminals. But I think this is not good they are holding people's owner bitcoin but instead selling it as an auction so that the fund can be used it.
It has a huge impact on the Bitcoin price if all of these organizations will sell their Bitcoin.
This is not the first and won't be the last that we will hear about China's hard line stance against BTC.
So it's better not to get affected by this news and instead look at the bright side, fill your wallets with cheap bitcoin. The only one that will be affected is the Chinese bitcoin community, but then again, maybe they've also has plan B about this move by their government. So I guess the best thing to do right now is just be patience and don't get overblown on news coming from China. At least we should be immune to it by now.
So it's better not to get affected by this news and instead look at the bright side, fill your wallets with cheap bitcoin. The only one that will be affected is the Chinese bitcoin community, but then again, maybe they've also has plan B about this move by their government. So I guess the best thing to do right now is just be patience and don't get overblown on news coming from China. At least we should be immune to it by now.
That's what happened to bitcoin the news was always repeated to dump bitcoin, I just thought why they always use the same way of selling news about china? . China has always banned bitcoin in its society, is this the work of the whales? I don't know all I know bitcoin still has a good correction chart no matter what news is made but in this year everyone realized it would not be possible with news to be able to bring down bitcoin with the ability of the current audience
I do not live in China, so the ban doesn't bother me at all. It would have an impact on the price, but that would only be temporary, eventually the market would adjust to it. The Chinese government simply locked themselves out of the network.
My country banned banks from mediating transactions involving Bitcoin some months ago and this actually increased the popularity of bitcoin, so, the decision of the Chinese government could actually have a positive effect in the long run.
My country banned banks from mediating transactions involving Bitcoin some months ago and this actually increased the popularity of bitcoin, so, the decision of the Chinese government could actually have a positive effect in the long run.
Tbh, I'm not that bothered about the ban. The only downside to that news is that market always reacts to it negatively and that's what we're seeing right now. Aside from that, I'm not bothered. I mean, this is actually not the first time that China has openly gone all out for crypto and definitely won't be the last. Just like @jackg said, the ban might just be to prevent people from investing and that they should focus more on government based ventures.
I thought bans normally make things more saught after, especially for those against a government (and China seem quite imperialist afaik so there might be quite a few against them from within).
If they did ban it, it's got the word out there and it's quite uncontrollable to posess - you don't need an internet connection to keep your bitcoins secure - just a private key... It probably won't cut down on scams or anything too, it's just likely designed to stop citizens/companies investing internationally (I'd guess).
If they did ban it, it's got the word out there and it's quite uncontrollable to posess - you don't need an internet connection to keep your bitcoins secure - just a private key... It probably won't cut down on scams or anything too, it's just likely designed to stop citizens/companies investing internationally (I'd guess).
Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
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