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 remember that when I joined the forum almost everything was about China, and now while China still plays a central role, that role is getting smaller and smaller, I will not be surprised if Japan is able to take that spot of influence from China as Japan opens to bitcoin while China closes itself to bitcoin. 
Topic: Is it better that China just gets out of Bitcoin? - page 6. (Read 3019 times)
This is what I saw today in news. This CEO guy put a tweet.
ViaBTC stopped USD funding to their account from yday.
ViaBTC CEO: China Will Ban Bitcoin Exchanges
https://www.cryptocoinsnews.com/viabtc-ceo-china-will-ban-bitcoin-exchanges/
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
It seems that you are a novice here
And thus you likely didn't hear about the Chinese central bank (PBoC) taking steps against Bitcoin in the very beginning of this year. In fact, I don't remember quite well what was the first step the PBoC took against Bitcoin in the first half of January, 2017 (circa 11th), but Bitcoin crashed from +1,200 dollar to almost 750 dollars per coin. Regardless, Bitcoin rebounded pretty fast and with a vengeance at that. The second time they banned Chinese exchanges from allowing Bitcoin deposits as well as withdrawals. This second time should have had a more drastic effect on Bitcoin price but it hadn't. People saw that Chinese Bitcoin exchanges are mostly fake, and today people seem to have forgotten that
I never forgot all the fuzz beginning of the year the the Chinese market is manipulating the price of bitcoin with fake volumes so that PBoC has step in to stop this kind of fraudulent activities. They even suspended trading that's why the price crash ~$1000. The banned on deposits and withdrawals follow suit as well. Its around March-April when they decided to allow them to processed withdrawals/deposit but with a note that if they are caught once again. They will be suspended and subsequently closed.
all we have to do is wait and see what will happen when china completely adopt or ban bitcoin. We could not do anything they are powerful.
I,hope that bitcoin will not be affected by china decision.
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.
No, in any case.China is a huge market and can dump their cash into BTC heavily.As you can see just how it influenced the crypto market with ICO ban.But no problem if not China it's India now.India is getting digitalized completely and can easily implement crypto currency.India is also a huge market to get into.Also, as long as the money flows into BTC, I mean if FIAT to CRYPTO conversion is more than the CRYPTO to FIAT then there is a positive market for crypto currency.
Of course not, like you have said China has a big influence. So what do you think will happen to the economy of btc if they will just get out. Wether we like it or not they really play major role on btc world and any bad news/move from China could result into fall because of influence.
I would consider that a reason not to invest in BTC...
I don't think China getting out of Bitcoin will have any effect on the price of Bitcoin I don't know about this latest news about China and Russia stopping Bitcoin trade in their specific countries. BUt lesser the people here better it is I think cause other people will also get a chance to earn.
We should not underestimate China. They are far more influential than people think and should be respected. They know what they are doing and you can guarantee it will be for China's best interest. We should learn from them and not let them have the market dominance that they have.
Not just the only China that became the top user of cryptocurrency. many countries out there that greatly affect the development of bitcoin. but still, China is likely to remain the cornerstone of the entire bitcoin ecosystem in the short term. In order to keep the ecosystem healthy, Chinese markets, exchanges and traders will have to play by the rules set forth by the People’s Bank.
Bitcoin was designed to work regardless if it's legal or not, so the network will be always be working. Outlawing Bitcoin in a country would hurt its adoption both in that country and to a lesser extent globally. But banning Bitcoin is also risky for governments - if other countries would be officially adopting it and benefiting from it, those who banned it would be left behind, and their options would be to keep suffering or unban it and look life fools. So, they all prefer to wait for now and see what other countries do. This also means that other countries might decide to follow China's decision. But if we've went this far without getting banned, I think the risk of it gets lower with every day.
Of course not, like you have said China has a big influence. So what do you think will happen to the economy of btc if they will just get out. Wether we like it or not they really play major role on btc world and any bad news/move from China could result into fall because of influence.
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
It seems that you are a novice here
And thus you likely didn't hear about the Chinese central bank (PBoC) taking steps against Bitcoin in the very beginning of this year. In fact, I don't remember quite well what was the first step the PBoC took against Bitcoin in the first half of January, 2017 (circa 11th), but Bitcoin crashed from +1,200 dollar to almost 750 dollars per coin. Regardless, Bitcoin rebounded pretty fast and with a vengeance at that. The second time they banned Chinese exchanges from allowing Bitcoin deposits as well as withdrawals. This second time should have had a more drastic effect on Bitcoin price but it hadn't. People saw that Chinese Bitcoin exchanges are mostly fake, and today people seem to have forgotten that
I never forgot all the fuzz beginning of the year the the Chinese market is manipulating the price of bitcoin with fake volumes so that PBoC has step in to stop this kind of fraudulent activities. They even suspended trading that's why the price crash ~$1000. The banned on deposits and withdrawals follow suit as well. Its around March-April when they decided to allow them to processed withdrawals/deposit but with a note that if they are caught once again. They will be suspended and subsequently closed.
That's only a FUD. They can't just ban bitcoin because they are the biggest on mining industry. If they are going to get rid of it. Many miners will be affected if that happen. It may affect also the price of bitcoin because China is one of the biggest player on bitcoin. If you remember when the bitcoin falls hard last year. It's because China(PBoC) spreaded rumors that they are going to ban this technology. But none of that happen. But it affects a lot on the price of bitcoin. What more if they totally ban it? Bitcoin will go back at the Stone age if that happen.
They are spreading FUDs to make bitcoin collapse to get some cheaper bitcoins. Anyway, right now is a different story. US, Japan and even Russia are now serious about this technology. If China bans Bitcoin. It's okay because these countries can take their place anytime.
They are spreading FUDs to make bitcoin collapse to get some cheaper bitcoins. Anyway, right now is a different story. US, Japan and even Russia are now serious about this technology. If China bans Bitcoin. It's okay because these countries can take their place anytime.
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
It seems that you are a novice here
And thus you likely didn't hear about the Chinese central bank (PBoC) taking steps against Bitcoin in the very beginning of this year. In fact, I don't remember quite well what was the first step the PBoC took against Bitcoin in the first half of January, 2017 (circa 11th), but Bitcoin crashed from +1,200 dollar to almost 750 dollars per coin. Regardless, Bitcoin rebounded pretty fast and with a vengeance at that. The second time they banned Chinese exchanges from allowing Bitcoin deposits as well as withdrawals. This second time should have had a more drastic effect on Bitcoin price but it hadn't. People saw that Chinese Bitcoin exchanges are mostly fake, and today people seem to have forgotten that
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.
news about china is very influential on digital currency including bitcoin. the fact that bitcoin prices dropped quite drastically, but now we can breathe easier because bitcoin prices have started to show a positive trend. bitcoin prices have begun to move and return to rates above 45000 $. 
I really don't care what china takes decision because even after china ban google Facebook other leading website even whatsapp there is no impact for that. May be for some days it will impact then after ignore the china .
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.
It is not the first time the Chinese government/media is creating uncertainty, 2013, 2014, temporarily pausing major bitcoin exchanges in 2017, ICO ban, and now this rumor about shutting down exchanges (No official announcement)
China is a big player when bitcoin is concerned, be it in trading volume, miner dominance/mining equipment manufacturing. I really don't think they would ban bitcoin and let their dominance slip away. If they do then the impact would be short-lived, the market would eventually recover.
Bitcoin is legalized in Japan, one of the top three countries in terms of trading volume, and the recent announcement by GMO about investing in bitcoin mining. In case China bans bitcoin, some bitcoin friendly countries like Japan would become the next big player and a bitcoin friendly country dominating the bitcoin ecosystem is always far better than a country fooling around with bitcoin for the sake of creating uncertainty.
Even am also bit nervous about china romour because china is the biggest market gor bitcoin definitely it will impact bitcoin for some days or month I hope but bitcoin will raise like after hard fork rumour.
Is it better to get China out of Bitcoin? I think the rejection of chinese to bitcoin has little effect on bitcoin, because more countries are legalized to transact using bitcoin. so I'm still confident of the bitcoin development in the future.bitcoin remains my investment choice.
I think it will be much better, than they are the one's whose manipulating it. They are possible in dumping and pumping btc anytime they want too, which affects us too much. 
how to extract chinese bitcoin when bitcoin can be mine all over the world except state government in china forbid to mine bitcoin then china new out of mined bitcoin
Is it better to get China out of Bitcoin? I think the rejection of chinese to bitcoin has little effect on bitcoin, because more countries are legalized to transact using bitcoin. so I'm still confident of the bitcoin development in the future.bitcoin remains my investment choice.
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