Is China still going to ban bitcoin exchange in China - page 2.

Flor1982

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Quote from: SCCFX on October 05, 2017, 10:45:35 PM

volume transaction still high without problem
and binance, okcoin, exchanger from china still open

I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.

Baofeng

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Quote from: daringdiscovered on October 05, 2017, 11:28:23 PM

Quote from: bakunawaaa on October 05, 2017, 10:20:28 PM

There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

Correct, we must prepare on what is going to happen next, we don't know what can China do to the cryptos, mostly they are the big whales in the market, some bitcoin drama so the people will sell their bitcoins because of panicking and they are the one who is going to be benefited by this. Just hold your bitcoin guys, let's hang to it, it is promising.

Well we have been sailing without China already so I think we are good already. Some of the exchanges have been close already. Last news I heard is that they are not totally banning exchanges, they just would like to see that they should apply permit before operating. So likely that they have been drafting rules and regulations before allowing them to be up once more. Just hold on your bitcoin and see what happens next.

daringdiscovered

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Activity: 700

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Quote from: bakunawaaa on October 05, 2017, 10:20:28 PM

There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

Correct, we must prepare on what is going to happen next, we don't know what can China do to the cryptos, mostly they are the big whales in the market, some bitcoin drama so the people will sell their bitcoins because of panicking and they are the one who is going to be benefited by this. Just hold your bitcoin guys, let's hang to it, it is promising.

SCCFX

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volume transaction still high without problem
and binance, okcoin, exchanger from china still open

ASHLIUSZ

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Merit: 502

China won't go with such plans of banning the entire exchanges. If that happens the impact over the digital currencies will be very big and importantly one thing need to be considered is the inflow of economy that China has got through bitcoin. They might regulate in a strict manner, but will never go with the banning.

bakunawaaa

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There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

RayDali0

newbie

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Quote from: Nikhilk on September 27, 2017, 08:02:12 AM

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

Not possible to ban.
China would regulate Bitcoin.
It will make us stronger.
Get ready to the moon

btcney

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Quote from: Nikhilk on September 27, 2017, 08:02:12 AM

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

It will definitely have an impact, not only on the day that it happened but also will impact future bitcoin outlook because of the fact that there are now significantly less ways for Chinese peoples to buy and trade bitcoin.

However, i would suspect that trading will continue, just in the form of p2p transactions. People in China are already using services like LBC to trade their fiat currencies for bitcoin and vice versa.

There shouldn't be any longstanding damage done by shutting down of these exchanges. In fact, most are probably going to just relocate to another place.

Zenithar

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Quote from: Colt22 on October 05, 2017, 02:50:53 AM

Quote from: frowsiter on October 01, 2017, 03:00:24 AM

Quote from: Nikhilk on September 27, 2017, 08:02:12 AM

will Chinese exchange platforms shutdown on 30 sep

Will it affect on cryptomarket

They are already closed and almost every exchange will be invalid after tomorrow onwards. I don't think any of them will stay online anymore unless and until the government of of china will be making any further decisions. If the China's regulation fit in just right then ICO might be overwhelmed and world will have great response towards the big investments. Then this could be new revolutionary way of investing and prices of ICO will be legitimately high. But who knows if the Chinese have decided to shut the program completely then that might be happening more. Nothing much will happen and we can see the market more stable and non fluctuating as china was use to be destabiliser according to my experience. At least that's not gonna happen now.

This is a great mystery actually. The way China’s plan of banning this Bitcoin has flopped in the past, I don’t think so that there still remains any reason due to which China will ban this usage of Bitcoin in his country in the future. But you never know what the future will bring for you. It is always unpredictable, anything can happen.

Most importantly China’s shit is over, bitcoin is doing great without China and I am happy to share it with all of you mates we got rid of Chinese manipulated market. However I feel sorry for the Chinese people who may have come across a hard time with all this crypto ban and stuff. I think we shouldn’t be talking anymore about the China whether they will allow again crypto into their country or not. Chinese people could access crypto even from their homes. They only need a VPN and I guess they are good at that. Cheesy

The reasons may be different what they say and what actually the reason is? It is just a state policy and time will disclose this secret sooner or later.

iqlimasyadiqa

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Quote from: Cindy1983 on October 04, 2017, 11:35:35 AM

I think China government will not unban Bitcoin exchange and ICO project in their country but as I know there are some exchanges in China is finding the way to get out of the ban by change their domain from ".cn" to ".com". In my opinion this case can affect to Bitcoin price but not all the time cause China is only a country has big Bitcoin trading volume so they can't make Bitcoin die or dissappear by ban Bitcoin or cryptocurrency exchange in their country.

All still can not be ascertained. I still have not seen any valid information about china's decision on digital eye including ICO's exchanges and project. if looking at it from the outside then china seems to hate bitcoin and try to slow the growth of bitcoin. but we do not know what is the purpose of china country, they could do this all for a special purpose. it might be like making a bitcoin price cheap and then they buy it. this will certainly make them get a huge profit when bitcoin prices increase again. I see there is a conspiracy that we can not close.

javalemcgee

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Activity: 215

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Quote from: sayonara_sam on October 05, 2017, 10:10:25 AM

A lot of Exchanges will move to Hongkong or Japan.
Overall it should not be worrying.
Maybe china Exchanges will come back online with some new KYC policies ...

Japan is legalizing bitcoin by heart. These banned exchanges can move to new countries, this is the fact.

The loser will be china in this case, not us. They made a mistake.

sayonara_sam

newbie

Activity: 31

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A lot of Exchanges will move to Hongkong or Japan.
Overall it should not be worrying.
Maybe china Exchanges will come back online with some new KYC policies ...

RedArcher

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Activity: 101

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Quote from: Nikhilk on September 27, 2017, 08:02:12 AM

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

I believe it will make them to change server locations and learn how to deceive location blocks. Just as torrent services in Russia - they keep changing servers but still working

Nikhilk

newbie

Activity: 52

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I think they are jealous about bitcoin that someone found this technology before they do
And after all they are copy experts
they will copy bitcoin too
not a big deal

newlone

full member

Activity: 140

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Of course, the impact still exists, and it is still affecting the BTC. If the Chinese government continues to ban BTC in their country, the big impact will happen at any time.

Coffee2015

full member

Activity: 258

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I dont think in long run this may be good for china gov,
Peer to peer will be bullish,
it is even better.

fiomcorka

sr. member

Activity: 496

Merit: 254

Quote from: arpon11 on September 29, 2017, 10:40:30 AM

We have been hearing about this ban issues since the beginning of this months and if you have been following event from inception you will understand that the infect of the ban of exchangers on bitcoin pricing happened last two weeks. If you have risk capital then you could have bought when it fell to $3,000.

Exactly you are just right. We have been hearing these news from the start of this month and till now every other day there is a different news.

But don’t worry that wouldn’t matter even if they ban bitcoin completely. Reason are the people who are using it in every condition of their life because they know bitcoin can change their life.

Colt22

hero member

Activity: 770

Merit: 500

Quote from: frowsiter on October 01, 2017, 03:00:24 AM

Quote from: Nikhilk on September 27, 2017, 08:02:12 AM

will Chinese exchange platforms shutdown on 30 sep

Will it affect on cryptomarket

They are already closed and almost every exchange will be invalid after tomorrow onwards. I don't think any of them will stay online anymore unless and until the government of of china will be making any further decisions. If the China's regulation fit in just right then ICO might be overwhelmed and world will have great response towards the big investments. Then this could be new revolutionary way of investing and prices of ICO will be legitimately high. But who knows if the Chinese have decided to shut the program completely then that might be happening more. Nothing much will happen and we can see the market more stable and non fluctuating as china was use to be destabiliser according to my experience. At least that's not gonna happen now.

This is a great mystery actually. The way China’s plan of banning this Bitcoin has flopped in the past, I don’t think so that there still remains any reason due to which China will ban this usage of Bitcoin in his country in the future. But you never know what the future will bring for you. It is always unpredictable, anything can happen.

Cindy1983

full member

Activity: 196

Merit: 100

I think China government will not unban Bitcoin exchange and ICO project in their country but as I know there are some exchanges in China is finding the way to get out of the ban by change their domain from ".cn" to ".com". In my opinion this case can affect to Bitcoin price but not all the time cause China is only a country has big Bitcoin trading volume so they can't make Bitcoin die or dissappear by ban Bitcoin or cryptocurrency exchange in their country.

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: Persiville on October 04, 2017, 08:32:34 AM

Quote from: TheCoinFinder on September 28, 2017, 06:14:16 AM

Yeah china's government is definite to ban their local exchanges till 30th september.
The goveenment has already issued regulations to exchanges that they should not accept new deposits or registrations on their websites.
The reason why ban imposed exchanges are still live in chaina is only for serving withdrawals to their clients.

Now i get it. I am also being curious towards the actions of Chinese governments upon banning cryptocurrency. For me it doesn't really makes sense that they will actually ban it permanently, and besides there are so many crypto users, traders and investors in that specific region and area, and still i was thinking that it wont be permanent ban.

Chinese traders who've been trading for a long time would probably find ways to continue especially those who have trading as a major source of income. I also don't fully grasp why rhe chinese government are acting like this towards cryptocurrencies but we'll endure with or without the chinese

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