Is it better that China just gets out of Bitcoin? - page 5.

deisik

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Quote from: nkarm1 on September 11, 2017, 12:23:03 AM

Quote from: russelluk on September 09, 2017, 01:35:52 AM

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

Don't get bothered of those news because as days passed by, those news gets boring and boring. With the news that Russia is now "adapting" bitcoin, and they might be the world leader in blockchain technology in 2020. China is so careful on their moves, they will never make a decision that can make them below any country. So stop creating FUD about this news. Let us be optimistic about it, they have no reason to get out of the frame.

I second this view

Russia looks more like "adopting" Bitcoin this fall (as a sort of financial instrument) rather than "adapting" it for their nefarious purposes (though who knows what they are really up to). That said, I agree that China is very careful about what they do, and we have already seen that earlier this year. They had first prohibited Bitcoin withdrawals and withdrawals of other cryptocurrencies from Chinese exchanges (as well as deposits, for that matter) but later they lifted the ban. This pretty much proves that they don't act rashly

nkarm1

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Quote from: russelluk on September 09, 2017, 01:35:52 AM

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

Don't get bothered of those news because as days passed by, those news gets boring and boring. With the news that Russia is now "adapting" bitcoin, and they might be the world leader in blockchain technology in 2020. China is so careful on their moves, they will never make a decision that can make them below any country. So stop creating FUD about this news. Let us be optimistic about it, they have no reason to get out of the frame.

kamikadze69

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Quote from: russelluk on September 09, 2017, 01:35:52 AM

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

nevitably we still have to accept whatever is preached by China. because it can not be denied that China is 80% more than the current Mining users. also they've created a lot of Altcoins, so even though we're trying to avoid the ongoing price uncertainty, I do not think it's worth it.

pathapoddo

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CRYPTOCITIZEN $CCASH

I also think china should gets out of bitcoin. Because they are harming us. But we also think so that if thehey gets out of bitcoin the price of bitcoin will be down.so I feel scread.

MostHigh

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This basically tells us how strong China has been down the years as an economy and a nation. But the susceptibility of bitcoin to changes and how alteration happens with little adjustment is a big worry. Guess this is what happens with a decentralized currency. People panic and sell the moment there is a challenge

1Referee

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China doesn't need to get out of Bitcoin - the people taking fud for face value should be getting out of Bitcoin. Seriously, China isn't doing anything wrong at this point. The PBOC was right to take the necessary actions against the immense manipulation happening through Chinese exchanges, and I am happy they did so. Finally, after that, the western exchanges were walking their own path, and not caring about China anymore. Just look at the difference in price between western and Chinese exchanges. In this case, I am also glad that China has taken the necessary actions against ICO's within their country. We should be happy that this is happening, regulations are a necessity to keep this market in order.

TooDumbForBitcoin

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Quote

Is it better that China just gets out of Bitcoin?

A friend of mine saying that China always dump btc:D Not true in fact. But now I am not worry about PBOC claims, because crypto is the next bubble after stock market bubble and private capitals are just beginning to enter on markets

mostkey

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Quote from: Denies on September 10, 2017, 03:29:41 PM

Quote from: russelluk on September 09, 2017, 01:35:52 AM

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

i can not answer it because i am not chinese people. for me in crypto all can happen, there is a slope that happens nowadays. probably from its effect of chinese ban for bitcoin and ico.
but I think for the future with or without china, bitcoin will continue to enlarge to follow the development of the era.

maybe this is only a small setback, although the banning of china on bitcoin and ico happens this will only be temporary and this can be time for us to buy some bitcoin that we can sell at a later date with high price

Denies

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Quote from: russelluk on September 09, 2017, 01:35:52 AM

Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

i can not answer it because i am not chinese people. for me in crypto all can happen, there is a slope that happens nowadays. probably from its effect of chinese ban for bitcoin and ico.
but I think for the future with or without china, bitcoin will continue to enlarge to follow the development of the era.

tychovrahe

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they are just playing us, someone is trying to get cheap coins, ignore it

fragout

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Im fed up with China bans also but their effect is less and less as time goes on and the market needed a cool off period so a china ban or any other reason is just what we needed. It also takes attention away from the 2 X saga.

GoodLuck2

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Quote from: Catmony on September 10, 2017, 12:09:17 PM

All the fuds and negative news for crypto is coming only from china in last few years and it is being worst lately. I am also fed of all this bullshit chinese media sites are publishing without any official confirmation. I will hold all my coins tightly and filling my bag with more cheap coins.

You are doing indeed a great job. This is what every smart person would be doing. I think we should be least bothered about what is going on in China. Instead, we should take this as a golden opportunity for more investment in order to have more profit and more earning in the future.

grermezter

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Members of this community should know that is not bitcoins or other cryptocurrencies that have been banned but rather ICOs where people exchange their cryptocurrencies for tokens. The Chinese are all about control and they don't like things that they can't control and for the whole world to suffer I think I will like for Chinese to get out of the game.

Catmony

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All the fuds and negative news for crypto is coming only from china in last few years and it is being worst lately. I am also fed of all this bullshit chinese media sites are publishing without any official confirmation. I will hold all my coins tightly and filling my bag with more cheap coins.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Netnox on September 09, 2017, 12:37:43 PM

No. I don't think that it will be a good thing if the Chinese dump Bitcoin. The market in China is very promising, and it constitute somewhere between 10% and 20% of the global crypto-volumes. If the Chinese stop using Bitcoin, then the exchange rates will be negatively affected. But more than Bitcoin, the altcoins such as Ethereum and Dash will face more trouble, as China constitutes for a lot of users for these currencies.

It will not be a good thing for us, but I do not think that the Chinese government cares at all about the consequences of their actions, so if they really want to do it then I do not see a reason of why they will stop their intentions, but while this will damage bitcoin on the short term, I think the net effect could be positive.

VeeraS

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it could happen. like the reviews you say.
in crypto all can happen.
but I am not afraid of the Chinese ban for ico and bitcoin.
I think the Chinese people involved with bitcoin will not just sit there. and of course for ico organizers will file a complaint.
this is debatable. although a country's decision is absolute.
but I believe that without chinese any bitcoin will still succeed only a small scale decrease only if chinese true to do prohibition.
I am sure bitcoin will rise and become more valuable.

BitcoinExpart

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China, they do what they want. They are strategic propaganda. And the price did drop really hard when China temporarily banned Bitcoin back in 2014.

Jombrangs

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It is also possible if they cause the downturn of altcoins because of the fact that china is the cause of such works
so if it is better for the crypto world the china will be banned on using crypto coins it is better for crypto users

Carlsen

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Doesn't China already lose influence on bitcoin?
I have somewhere read that mining power is only at about 40% located in China. In the past it was much more I think.
And Exchanges are growing everywhere in the world.
All those developements reduce the effects that FUD news about bitcoin in China have.
I think bitcoin works best if we have no nation that plays a dominant role. But every nation should participate.

Netnox

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No. I don't think that it will be a good thing if the Chinese dump Bitcoin. The market in China is very promising, and it constitute somewhere between 10% and 20% of the global crypto-volumes. If the Chinese stop using Bitcoin, then the exchange rates will be negatively affected. But more than Bitcoin, the altcoins such as Ethereum and Dash will face more trouble, as China constitutes for a lot of users for these currencies.

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