Topic: If Bitcoin goes past $5000, what will the Chinese government do? - page 2. (Read 1635 times)
October 10, 2017, 12:01:13 PM
after their regulation news i think china already have bought tons of bitcoin when btc price fall to almost 3000$ mark and they are still holding it till now! so the more bitcoin grow the more they will profit! after they sold they are gonna spread another fud to enter again haha
October 10, 2017, 11:57:22 AM
maybe the Chinese government will be upset, 
there was a post in this forum saying that Russia has Banned Bitcoin, we know that these two countries are russian and china is a friendly country
if that's true, means there is a game from investors, because now Bitcoin price continues to rise, maybe they want to lower again Bitcoin price ..
there was a post in this forum saying that Russia has Banned Bitcoin, we know that these two countries are russian and china is a friendly country
if that's true, means there is a game from investors, because now Bitcoin price continues to rise, maybe they want to lower again Bitcoin price ..
October 10, 2017, 11:56:07 AM
They wont do anything, as they have clearly banned the circulation of cryptos in exchanges! Maybe they'll start studying new possibilities where they can incorporate cryptos, or create their own virtual currency. If they are going to create their virtual currency, maybe BTC will have a big competitor, because China has a good number of people using BTC, and surely they'll adopt their virtual also, in order to not fall behind.
October 10, 2017, 11:48:12 AM
I think that China will take bitcoin after a while, but it will not necessarily happen when reaching the mark of 5000 dollars. It takes time for more countries to accept bitcoin and allow the population to earn money
Yes, I agree with you. China will accept Bitcoin. But it is not a matter to reach Bitcoin at $5000. China needs more time to legalize Bitcoin. Just wait and see what will happen.
October 10, 2017, 11:24:44 AM
I think China will accept Bitcoin again. Because China has a large population. If the government doesn't give them any job so it will affect the country's economy. But it is not possible to ensure all the people's job. That way they have to find out an alternative to reduce their unemployment. And Bitcoin can be the alternative.
October 10, 2017, 03:09:30 AM
5000$ is just an arbitrary value and it signifies for nothing except for maybe psychological barrier that some people have in their heads. I believe that Chinese government will regulate the domestic market and possibly introduce mandatory fee for the Chinese exchanges since they cannot afford to be left behind which would inevitably happen if they would to totally ban the operation of their own exchanges.
October 10, 2017, 02:41:27 AM
China is good in copying others idea, so the best they can do is that they introduce their own virtual currency into market and then make other currencies illegal.
There is a big possibility for this because the government of China is really very wary of Bitcoin because this is something they find it hard to control and manipulate. We all know that the Chinese government controlled almost everything in China and though they are not anymore as communist as before still the government made it sure that they are at the top of all things at all times and in all situations -- anything or anybody who might challenge that grip in power can be endanger of state action. And that is what happened with Bitcoin in China last month.
The Chinese government appreciate and knows the full potential of the blockchain technology they just hate Bitcoin. And because of this there is a strong possibility that soon they would have their own state-controlled and backed cryptocurrency that is pegged to their own national fiat currency.
Good thing that now the market has fully ignored the weight of China's withdrawal from Bitcoin and cryptocurrency...thanks to the leadership of Japan and other Asian countries Bitcoin remains to be prosperous and is now surging in value.
October 10, 2017, 02:29:43 AM
Here it is, Bitcoin rolling up to platform $5000 once again. China will get left behind in the revolution of a lifetime.
If you sold, you're gonna miss it. Sorry.
If you sold, you're gonna miss it. Sorry.
October 04, 2017, 12:08:16 PM
I don't see this as something that would change their plans whatsoever.
As for the people here, if you trust the platform..
As for the people here, if you trust the platform..
October 04, 2017, 11:45:51 AM
Same thing they do every day , NOT CARE! They are not sitting around and giving thought to the plight of the world with or without Bitcoin. It is just one of hundreds of regulations that they touch every single day and very small news in their world. They will not give it another thought until they have another reg change come through and then they will make a choice and move on to important things, just like now.
Are you thinking that they are not caring the bitcoin now. I don't agree that at all because the miners machines supply is widely taken part from that country only. Even in trading also they are been involved widely. So their country investors should go out the China or they should make the bitcoin as legal money. Hope any of one will happen for sure.
October 04, 2017, 11:40:10 AM
North Korea might be able to enforce whatever the threadstarter has mentioned but you might see an island wide protest if China tries to do that. Anyway on a more serious note, there's no government that doesn't like money so saying things like they hate Bitcoin is just bull****. The cryptocurrency industry is a multi-billion (or even trillions) industry. They just need regulations to "keep things under control" 
October 04, 2017, 11:34:58 AM
Same thing they do every day , NOT CARE! They are not sitting around and giving thought to the plight of the world with or without Bitcoin. It is just one of hundreds of regulations that they touch every single day and very small news in their world. They will not give it another thought until they have another reg change come through and then they will make a choice and move on to important things, just like now.
October 02, 2017, 01:39:28 AM
china is good in copying others idea, so the best they can do is that they introduce their own virtual currency into market and then make other currencies illegal.
Obviously,according to news sources,they are already on such a project and will introduce their own virtual currency in market in the name of virtual property.Even after chinas's ban on cryptocurrency exchanges, bitcoin price is not likely to fall, it is still stable.
In future if the value of bitcoin passes $5000, china might be showing their envy over bitcoin aroused by cryptocurrency traders.
October 02, 2017, 12:54:56 AM
this is what I call monkey strategy
they copying others crypto because digital currency is the future now and they want to be
the first ever country who has using it to grow and rise their economy more
That is only what I thought from all of china revelations and rumors
nice but monkey type of movements
they copying others crypto because digital currency is the future now and they want to be
the first ever country who has using it to grow and rise their economy more
That is only what I thought from all of china revelations and rumors
nice but monkey type of movements
October 02, 2017, 12:47:49 AM
I think they will nationalize all the mining operations and make them all the govt's
Very unlikely. They are anti-bitcoin so doing something like this would essentially mean that they are endorsing bitcoin, which is something that they do not want to do. They are much more likely to ban mining than to do this.
We've hit $5000 before, and China didn't do anything. So even if they have a trigger price where they just start banning everything bitcoin related, it's evidently not $5000.
I think they'll stay put and do nothing, honestly. They've already shut down ICOs which is a huge deal in China, as well as BTCChina and ViaBTC exchange, which again, a huge deal.
October 02, 2017, 12:37:43 AM
i think first they will regret that they missed the time because they banning bitcoin but the second is i think they will open their mind again to approve bitcoin. i think they don't really ban bitcoin because i am sure that china government will use their source to analyze and learning about bitcoin and i think they can found many benefit from bitcoin that could help their country especially to help their people to solve their problem.
October 01, 2017, 11:24:42 PM
I think they will nationalize all the mining operations and make them all the govt's
October 01, 2017, 11:23:38 PM
Is this OP original post to be taken in a serious manner?
The Chinese government is an expert at price and currency manipulation, and they use it for profit over and over.
This has no long-term or seriously threatening effects on Bitcoin however, or any new technologies.
The Chinese government is an expert at price and currency manipulation, and they use it for profit over and over.
This has no long-term or seriously threatening effects on Bitcoin however, or any new technologies.
October 01, 2017, 11:19:41 PM
I am not sure what they will do but i think the price of bitcoin will not change anything. They will do the same like now. But we know that chinese people does not really care, they will still try buying bitcoin whatever their goverment do.
bitcoin price has always had an overall trend that nothing can change. it will stay on that path which is a rising trend. what we see in the news and everyone gets excited about are the short term and temporary changes swinging the price up pr down for a short time before things go back to normal.
whether China does weird stuff or not, price will go back to the normal state and continue on it.
October 01, 2017, 11:15:09 PM
Based on my observation, China's government will probably execute No.1 & No.2 (for the No.6, they might do it privately without being noticed by anyone lol)
By the way, I was wondering, where is the No.4 option?
By the way, I was wondering, where is the No.4 option?
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