Topic: Is it better that China just gets out of Bitcoin? - page 4. (Read 3012 times)

This effect lessens over time. With major exchanges and derivatives platforms coming online in the USA, Japan and South Korea, do you think rumours about the Chinese government can have lasting effects?

I suspect the Chinese government sees the writing on the wall, too. They know that cryptocurrencies aren't going away, so shutting down the exchanges just staves off the inevitable. And it would handicap their fintech sector, too. They are trying to be a financial hub, after all. I think they were trying to cool the market down while they impose stricter regulations. It's manipulative, but like I said, this effect is lessening over time as China's influence declines.

It is better that china get out of bitcoin because even if they are the majority in bitcoin space, with some fake rumour it can impact the price a lot. They can manipulate the price with some regulation or if china miners want something else as we've seen in bcc. Although it is hard at first if china gets out, crypto will continue to develop without it.

i don't think it is better because china is the greatest market of the world and if they stay and accept bitcoin i think bitcoin will rise to $10k every week and that is something big for china and

also for every other cryptocurrency.

I think you have bitcoin collected. So you are speaking bullish. I hope theopposite happens.

Nevertheless, this whole situation greatly affects today's price for Bitcoin. I very much hope that this trend will not last long and we will be able to cope well without China. But I do not understand how things will go further, if most of the control over Bitcoin was just behind China.

I can't think of anything constructive or beneficial that China has brought to Bitcoin. There are no developers, the zero fee exchanges fucked Bitcoin for years and the mining situation has fucked it even harder in terms of spiritual corruption.

At the same time a proper ban would be a very useful case study in proving how impossible it is. I approve of China banning its arse off because of this.

China, JPMorgan's statement, they are an effort to bring the price down. I am expecting more bad news for bitcoin. China can embrace again. Is it not possible?

Those that are determined to get into bitcoin or other cryptocurrencies will surely find a way, but it seems the windows is closing for the average Chinese person, and I think that is too bad since I think bitcoin is going to get a lot more valuable in the next years and they are not going to be able to profit from it.

China is great world player very strong, smart and I'd like to play with China because it big market, super interesting people and history and they have power in any county with powerful community and make great invesitions. It not good to losses such player

I don't think China government has the capacity to ban bitcoin and this rumors of people bank of China banned bitcoin last week was an idea from the whales to buy bitcoin at the cheaper price. If Chinese government has hand in it I think we could have hear it from the exchangers and not the way this rumor come out. If Chinese government outrightly banned bitcoin the infect will be wost than them remain with it.

China has been playing a major role in crypto currency along with Japan and Korea ,it will drastically affect crypto currency if China makes a major move against crypto currency, and all the prices will start to drop which is not a good sign. China should be there for the present and future just like it has been there in the past for crypto currency, otherwise God knows what will happen.

China's ban will surely have some impact over the growth of the digital currency market. But the ban is not yet confirmed, in reality the place of China might be taken by the country next to it generating a new central hub for the entire digital currency network. For a short, small price fluctuations will be happen and soon after that it'll be growing better.

We can only speculate as to why China has suddenly turn its back on bitcoin and making a U-turn. They have initially started everything and a lot of self made millionaire Chinese because of bitcoin. Maybe they are now waging this war against crypto because their citizens was able to get around their laws as you mentioned. Specially the fake volumes that the Chinese exchanges have been doing before they are caught early this year. And for me that's started all of this. Next target is the local exchanges now, whether fake news or not have a big impact of the market price till now. But I don't think that Chinese will totally get out of bitcoin for now. They will still find ways to trade through or even can buy/trade bitcoin in localbitcoins.

You know gringo, we can easily kick China's ass if we would not sell everytime they make FUD. keep the price high and let them chase it. jajaja!

yes i also think so that it may not be so easy that China will get out of bitcoin, because majority of the bitcoin miners are from China and they have a  very good contribution in bitcoin. i am hopeful that their government will certainly change their policy toward bitcoin, because i am also sure that bitcoin will certainly effect their economy, therefore their government will certainly review their policies about bitcoin.

You are correct but I think this is just the start, I think the Chinese are going to start a campaign against crypto and this is the first step, maybe I’m mistaken but I do not think a communist country like China is very happy that their citizens can get around their laws and regulations.

I don't think China will get out of Bitcoin because most bitcoins are mined in China. Their economy benefit from Bitcoin.

I still don't get this mindset where people talk about their own nations as an assorted cluster of individuals with their own ideas and opinions, but as soon as the subject of China crops up, suddenly it's not about a group of individuals at all.  Suddenly it's the fucking Borg.  One mind, one goal.  Every single last Chinese person is apparently in a collective, receiving orders and obeying 24/7, telling them how to screw the rest of us over.  Do you even listen to yourselves and how fucking stupid that sounds?  Where does this prejudice stem from?  Why are we not calling out this hypocrisy?  It just sounds like cultural ignorance because you know barely anything about China and just regurgitate what all the other equally ignorant morons on this forum tell you.  

It's not better if China gets out of Bitcoin, it's better if you get your head out of your arse and stop making out like every single person in China is a mindless drone who does what the government tell them to.  Just because that image seems to ring true in your little bigoted and racist little brains, I'm pretty sure reality paints the more accurate picture.  People get into crypto because they aren't fans of what their government are doing and see Bitcoin as a better alternative.  If anything, it's precisely because the Chinese government are so controlling and authoritarian that people want to distance themselves from that by being involved in Bitcoin.  It makes perfect sense that Bitcoin would be popular in places with restrictive governments, hence many Chinese people are involved.  Even if China did ban Bitcoin, I'm pretty sure the average user in China is still going to keep using it, because they're no different to the rest of us, with the possible exception that they generally have less freedom in their everyday lives than some of us are fortunate enough to have and have an even greater need for financial freedom than we might.  

And for anyone saying that all the FUD and bad news comes from China, no it doesn't.  The FUD comes from idiots talking shit about China.  Idiots like you lot.  So stop contributing to the problem with ridiculous threads like this one.

Many people are waiting for the latest policy announcement.....

if indeed china is not pro against bitcoin. china out of bitcoin. because it's too much troubling every bitcoin holder ....