Topic: If Bitcoin goes past $5000, what will the Chinese government do? - page 3. (Read 1565 times)
October 02, 2017, 12:11:53 AM
If that could happen then that's China's one of their "big shot" . What US and Europe's hot, Chinese give them a big shot or do counterpart to there billion of citizens has to offer. Bitcoin's trending price was eyeing on China and supposedly make a strategic plan on how to kick-out bitcoin in China as it gives a threat when their citizens are hooked into and starting to unpatronized their own currency. Millions of Chinese are now engaging bitcoin transactions , but Chinese government has not taken the direct benefit from bitcoin as they can't take control of it. Making and developing alternative coin to bitcoin is their best option, in which China has a direct control of it. IMHO, Bitcoin and ICOs to China were started to ban during the launching period of NEO, coincedence isin't it ? i doubt that these NEO could be the China's Bitcoin. If that price soar high as 5k, Chinese don't care anymore as long as their Chinese altcoin's price were stable too.
October 01, 2017, 11:56:22 PM
They will Re-open exchanges partially owned by the government to take a share of the money. Everything is about money. They have lost so much with these exchanges being operated by third parties, they are taking the control back. ICO's will become regulated and the ban will be lifted.
October 01, 2017, 11:54:38 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.
October 01, 2017, 11:38:58 PM
We do not know the real purpose of china by stopping the ICOs and Exchanger in their country. They are likely planning to make their own Coins and make the Bitcoins illegal, And other top Altcoins. But this is my only opinion and I may be wrong with what I said. But why would they stop it? Now they know that this is good for the people of their country. What is their purpose?
October 01, 2017, 11:37:14 PM
The Chinese government has already allegedly announced the legislative settlement since October 1 of the circulation of the crypto currency, so it is no longer intended to prohibit it. We can say that the crypto currency in China has won. The Chinese government was never able to bring its threats into execution. I hope that after this beatkoinu and other kriptovaljute already nothing will prevent to rise sharply in a course.
October 01, 2017, 11:35:58 PM
China doesn't like the idea of having bitcoin maybe because their government does not want any currency to rule their economy but as we all know China is one of the best known when it comes to copying I'll be not surprise if one day they will create their own crypto currency that they will introduce and will likely to be adopt in their market.
October 01, 2017, 11:27:36 PM
Nothing at all. They can't really do anything, and the best thing that they can actually do is to start accepting btc in hopes of getting some for themselves.
October 01, 2017, 11:25:03 PM
If Bitcoin goes past $5000 the Chinese government will probably smile because they started the FUD with the ban and then probably bought the dip. That's how these govts and too big to fail banks work.
They have actually said that they have no intentions at all in banning Bitcoins. News came out days ago that they will be applying regulations for cryptocurrencies in general. They will be classified under 'digital assets', whatever that means. There's a lot of love-hate going on.
October 01, 2017, 11:01:52 PM
China will come back when they're ready, just like they did with Huawei and Alibaba. Think they'll take their time tho.
If you ask me, China will be back before bitcoins will become worth 5k dollars. Just think about those whales of China who invested big amounts in bitcoins. Do you think that they have left it already? Obviously no. Many Chinese would be still dealing in bitcoins in some secret ways. Moreover, abandoning bitcoins like this is not a new thing from this country.
October 01, 2017, 09:25:23 AM
the same thing they did when bitcoin price went to $10, or $1000 or $3000 or $4970. they will not the same things, regulating exchanges, banning altcoin ICOs that are way of scamming people and generally regulating cryptocurrencies.
all the while they will be laughing at us for talking about them nonstop instead of buying bitcoin like they have been doing.
Are you Chinese? You talk too much, gringo. How did you know that they are buying bitcoin? Any proof? all the while they will be laughing at us for talking about them nonstop instead of buying bitcoin like they have been doing.
October 01, 2017, 08:58:04 AM
If Bitcoin goes past $5000 the Chinese government will probably smile because they started the FUD with the ban and then probably bought the dip. That's how these govts and too big to fail banks work.
October 01, 2017, 08:41:51 AM
China will come back when they're ready, just like they did with Huawei and Alibaba. Think they'll take their time tho.
If you ask me, China will be back before bitcoins will become worth 5k dollars. Just think about those whales of China who invested big amounts in bitcoins. Do you think that they have left it already? Obviously no. Many Chinese would be still dealing in bitcoins in some secret ways. Moreover, abandoning bitcoins like this is not a new thing from this country. October 01, 2017, 08:37:57 AM
I think they will continue to do whatever they are doing or they have to do. I think Chinese government have their own plan and is unaffected by the price of Bitcoin. They can probably look into the case of Bitcoin on how it goes up like that and probably will design a bitcoin like currency but this time it is centralized and not open blockchain. Privacy and Security as they call it.
October 01, 2017, 06:12:25 AM
Meet with world leaders to discuss this new form of financial terrorism and instigate a coordinated and sophisticated global response. HAHAHAHH 
October 01, 2017, 06:10:25 AM
the same thing they did when bitcoin price went to $10, or $1000 or $3000 or $4970. they will not the same things, regulating exchanges, banning altcoin ICOs that are way of scamming people and generally regulating cryptocurrencies.
all the while they will be laughing at us for talking about them nonstop instead of buying bitcoin like they have been doing.
Are you Chinese? You talk too much, gringo. How did you know that they are buying bitcoin? Any proof? all the while they will be laughing at us for talking about them nonstop instead of buying bitcoin like they have been doing.
October 01, 2017, 04:29:43 AM
1) Double down and ban anybody talking about Bitcoin, Litecoin in public areas. Offer rewards to anybody who reports a person talking about crypto in private discussion.
2) Organize a small collective of dodgy individuals to release a competing Bitcoin clone, and call it something like Bitcoin Credits, and attempt to take control of Bitcoin via the back door...
3) Throw everybody who visits coinmarketcap.com in jail.
5) Meet with world leaders to discuss this new form of financial terrorism and instigate a coordinated and sophisticated global response.
6) Get home at night and login to LocalBitcoins.com to buy Bitcoin...
You are too negative to think about this, the things you just listed will never come true. Do not over-worry about things that can not happen and make traders worry about these things. 2) Organize a small collective of dodgy individuals to release a competing Bitcoin clone, and call it something like Bitcoin Credits, and attempt to take control of Bitcoin via the back door...
3) Throw everybody who visits coinmarketcap.com in jail.
5) Meet with world leaders to discuss this new form of financial terrorism and instigate a coordinated and sophisticated global response.
6) Get home at night and login to LocalBitcoins.com to buy Bitcoin...
October 01, 2017, 04:22:37 AM
I think china government will not do anything besides bitcoin has already reach $5000. If china ban bitcoin maybe because they want to preserve the currency they are using and doesn't want crypto currencies enter their economy. There is also a chance tgat china will introduce their own crypto currency no one knows whats their government is planning to do
October 01, 2017, 04:10:55 AM
The very point of concurrency is decentralization. This is a threat to the Chinese government as it may have the potential to replace the yuan. One train of though is that the ban is a sign that China is giving up on trying to regulate bitcoin and just decided to wipe out its existence instead. If this is the case then, if the value of the bitcoin continuous to rise then stricter measures will be imposed to ban it. So i would say options (1) one and (2) two.
Another train of thought is that the "ban" is how they manipulate cryptocurrencies and if that's the case then option (6) six.
However, my bet is on options (1) one and (2) two because I truly believe that cryptocurrency is a threat to them since their economy relies heavily on government intervention and thus their failure to regulate cryptocurrencies forced them to impose drastic measures to protect themselves.
Another train of thought is that the "ban" is how they manipulate cryptocurrencies and if that's the case then option (6) six.
However, my bet is on options (1) one and (2) two because I truly believe that cryptocurrency is a threat to them since their economy relies heavily on government intervention and thus their failure to regulate cryptocurrencies forced them to impose drastic measures to protect themselves.
October 01, 2017, 03:47:37 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
October 01, 2017, 03:46:27 AM
I think the government will not lift a finger eventhough the price rose to $5000 or more. They have made their decisions and they will look silly if they make a sudden U-turn because just the price peak. And they don't care about their citizens as well. Its the citizens who are the victims here and might be shaking their heads already seeing the price is gaining once more. But I'm sure that they are willing in their power to once again trade outside of China. They are losing everyday in they can't do trading.
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