will Chinese exchange platforms shutdown on 30 sepWill it affect on cryptomarket
Topic: Is China still going to ban bitcoin exchange in China - page 4. (Read 2301 times)
will Chinese exchange platforms shutdown on 30 sepWill it affect on cryptomarket
will Chinese exchange platforms shutdown on 30 sepWill it affect on cryptomarket
In all honesty, I don't think Chinese will shut them down. They will just regulate. There is way too much liquidity in these markets and China doesn't like capital to flow out of the county.
they just want control exchange and ICO. no way they ban crypto forever. So we dont need worry about it
No. They will be back soon. This is just a move to protect trader and avoid hack and money laundering
Yes China's government is really committed for what they said, the banning seems like is going to be a temporary and they will make regulation for the exchanger, I think the reasons are too many people used Bitcoin as their hidden assets, evade tax and doing money laundry with it, hopefully there won't be any big effect to bitcoin's price this time
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.
I do not think that China will close the exchanges completely. Most likely they will legitimize all this and the state will take it under control. Most likely until the new year, all of China's exchanges will open and bitcoin will then go to $ 6000
I also still feel this is what China is after. Being able to control the exchanges so they can easily monitor all their operations. But who cares? Whether they want to control, ban, or monitor… Having lesser countries that do not want to partake at this early stage is even better. If they wish to join later when we are grounded, good for them! The thing is we cannot just let one single country disorganize the whole system that has been built over the years. However, if all these seemed to be over after some months, which I am assuming right now, then china hits back again with their controlled exchanges in the market, then the high soar will be huge.
will Chinese exchange platforms shutdown on 30 sepWill it affect on cryptomarket
Of course, but only temporary. That's natural and also give us a good chance to take the right opportunity. The impact only about price action, but from this moment we can take some good decision about our strategy. Such as, buy back or cut loss to minimalism loss. Don't worry about news, it's only speculation. Prepare everything because real market has their own answer. Have a nice day.
The Chinese government tries to ban outside non-censored internet, citizens with a little know how get around it easily.
You can't ban bitcoin. Banks could stop letting you use your own money to purchase bitcoins from places like Gemini or coinbase, but that still doesn't "ban" bitcoin. You can buy them from other people, withdraw cash from banks and localbitcoins.com
Your complete focus, before buying a satoshi, should be learning how to properly secure your bitcoins. Unless you want to invest in GBTC and pay a premium, it is imperative that you learn security before buying.
You can't ban bitcoin. Banks could stop letting you use your own money to purchase bitcoins from places like Gemini or coinbase, but that still doesn't "ban" bitcoin. You can buy them from other people, withdraw cash from banks and localbitcoins.com
Your complete focus, before buying a satoshi, should be learning how to properly secure your bitcoins. Unless you want to invest in GBTC and pay a premium, it is imperative that you learn security before buying.
Probably. I heard they are doing it in spite of North Korea as so many sellers of BTC were Chinese, but they just switched to localbitcoins which is the beauty of the Bitcoin network.
But the latest news appears about the korean alreayd banned the ico and i think that gives the more impact to the bitcoin too. But a lot of people are tried to move into another country. The government just a greedy people.
Probably. I heard they are doing it in spite of North Korea as so many sellers of BTC were Chinese, but they just switched to localbitcoins which is the beauty of the Bitcoin network.
will Chinese exchange platforms shutdown on 30 sepWill it affect on cryptomarket
Nope, it will not because on September 30 the price be on 4800$ - 4900$ again. China on banning ICO and bitcoin exchanges is now an old issue for it was already been in affect, So traders, investors and members are already preparing for that date to counter any effect on market price. We do have much more support without china that is politically correct.
will Chinese exchange platforms shutdown on 30 sepWill it affect on cryptomarket
I just read that it was postponed. The banning will be on October 14, 2017. If that is the case, get ready for take off because Bitcoin might pump this week or next week.
all yuan market can close october 31, not 14
huobi is ready announcement https://www.huobi.com/p/content/notice/getNotice?id=642
The current market cap of cryptocurrency already accounts for Chinese exchanges shutting down. But crypto is bigger than any one government. With decentralised exchanges popping up, people will be able to buy whatever they want. If for some reason China makes a U-turn then that will only add a massive boost to the bull market we're just getting into at the moment.
Those news already passed and china won't make any speculation any more with ban.
Not? I think you should look back at how things have gone in the past with Chinese garbage announcements. Yes, once they have reached their boiling point they slowly vanish, but they'll return - that's something we have experienced far too often to not take it seriously. As long as there are enough empty headed chickens selling their coins like mad every time China farts, they will keep repeating this and thus continue to buy up your discounted coins, and sell them back to you at far higher levels later. People for once should ignore China and understand that they no longer are the central crypto hotspot in Asia. Everything that happens in this market is pure market manipulation, people still have to figure this out.
This looks like a scenario yet can be true as well. We still don't know what they're attempting to do. Maybe they want to create a hole in bitcoin so that they will buy from the dip side of it.
Those news already passed and china won't make any speculation any more with ban.
Not? I think you should look back at how things have gone in the past with Chinese garbage announcements. Yes, once they have reached their boiling point they slowly vanish, but they'll return - that's something we have experienced far too often to not take it seriously. As long as there are enough empty headed chickens selling their coins like mad every time China farts, they will keep repeating this and thus continue to buy up your discounted coins, and sell them back to you at far higher levels later. People for once should ignore China and understand that they no longer are the central crypto hotspot in Asia. Everything that happens in this market is pure market manipulation, people still have to figure this out.
Certtain manipulation is happening and actually we doesn't even know if this issue is true not unless if there is a chinese crypto trader than confirms this things, and by looking for today's current price bitcoins is having a good time and the price is going back upwards again. But I feel that there's something great will be happen so we should stake and stay tuned for this good events happening.
Those news already passed and china won't make any speculation any more with ban.
Not? I think you should look back at how things have gone in the past with Chinese garbage announcements. Yes, once they have reached their boiling point they slowly vanish, but they'll return - that's something we have experienced far too often to not take it seriously. As long as there are enough empty headed chickens selling their coins like mad every time China farts, they will keep repeating this and thus continue to buy up your discounted coins, and sell them back to you at far higher levels later. People for once should ignore China and understand that they no longer are the central crypto hotspot in Asia. Everything that happens in this market is pure market manipulation, people still have to figure this out.
Those news already passed and china won't make any speculation any more with ban.
Not? I think you should look back at how things have gone in the past with Chinese garbage announcements. Yes, once they have reached their boiling point they slowly vanish, but they'll return - that's something we have experienced far too often to not take it seriously. As long as there are enough empty headed chickens selling their coins like mad every time China farts, they will keep repeating this and thus continue to buy up your discounted coins, and sell them back to you at far higher levels later. People for once should ignore China and understand that they no longer are the central crypto hotspot in Asia. Everything that happens in this market is pure market manipulation, people still have to figure this out.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
There is 70% possibility that the Chinese government will shut down crypto currency exchanger operations in China this coming September 30th because the Chinese are well known for the uses of force to control something or protecting their national currency.
We can't really tell. They have taken a step back in their decision. So for sure if they might have a change in heart once they found out that their decision was not for the greater good of the Chinese community. And might suddenly make a U-turn again and allow the operations of their local exchanges. We have to wait and see how things pans out.
Steps back will be done if there are protest will be happen on it but if there's no appeal sent to the chinese government came to their fellow mens then I think the law will be implemented but lets hope that there's nothing serious will be happen if this sad government dominating will step up so that fall will not came again on bitcoins.
What kind of protest do the Chinese government needs? I think its very obvious that the bitcoin community there is very lively and alive because we have to admit that they brought bitcoin to the next level. And protest? I don't think it's allowed inside Mainland China because they rule the country with iron fist. If they said that they are going to ban ICO and close exchange then their citizens can't do anything about it. Even the exchanges themselves just chose to voluntary closes its business. They have their reasons for doing this act, but for sure the one that is going to suffer in the bitcoin community inside China.
Jump to: