Topic: Is it better that China just gets out of Bitcoin? - page 7. (Read 3012 times)
China are big loose for btc for sure
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 think I will agree that they should just leave bitcoin alone and everything that have to do with it but that will even come at a cost and aside the issue of exchanges that are dominated in China, another concern is the issue of mining activities becayse that alone if shut down by the Chinese government could mean an end to the whole process or even distort the chain by the time new bitcoins are not mined and transactions are not confirming as at when due.
Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.
The problem was that the western exchanges followed the Chinese exchanges down, without knowing what was going on. It was sell first, ask questions about why later.
Once the bulk of the trading happens on the western exchanges, this problem will go away. No-one is going to take any notice of a small market.
So - the problem will solve itself when the bulk of trading happens on GDAX, Gemini, Bitstamp and Kraken.
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.
The influence of Chinese government cannot be under estimated and I would even wish they hands off everything at once rather than going back and forth over their position on what to do with bitcoin so we witness a crash which is sure to happen because of that decision but we will grow again and in our own pace and that will be sustainable to a large extent.
honestly im tire about hearing about china onto crypto and bitcoin, now who cares if they ban ICO and local exchange they not the only country having great investors and develop exchanges and ICO, we have Russia Japan and coming Australia. Indeed that China is one game players of bitcoin and other crypto but when someone left there will be coming in as best as we have before. But remember Chinese businessman and investors will not be contended they will soar different country to buy and sell their bitcoin and other country. Right now I dont care if "China will get out of bitcoin".
I don't care. Perhaps this will lead to a small outflow of speculative capital from China, but it will not be long. A Holy place is never empty. In their place will be others. The Chinese will go to neighboring countries and to buy and sell bitcoins there.
Its not that I am against China I am just thinking that if lesser the people join this website bitcointalk.org or will not know about this website. Given a fact there will be more opportunities of getting rich. In short the people who get bitcoin ban in there specified country the higher chance of getting paid in a higher currency.
its better if china gets out of bitcoin because their government is so unstable and very corrupt they can do whatever they want..people in china cant even criticize their government cause the official will put them in jail.
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.
If you want an honest opinion, I'd be glad to not have to hear about China every few days. It just gets all so tiresome and there's rarely anything new to come out of it, most of the time it is the same content or people whining about something here or there which really just gets boring after a while. Not hearing about China every 2 or 3 days in my 3 years of being here would be a nice mixup from the normal chain of events. Hell, I'd take hearing about Japan or S.K. every few days than having to hear about China in the same timespan. 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.
Why not? Rome wasn't built in a day. And eventually, uncertainty always gives way to certainty. I suspect that the Chinese government is trying to get a handle on AML/KYC and capital outflows as the value of cryptocurrency skyrockets. They may even have intended to shock the market, knowing that it would deter investment and capital outflows.
In reality, China has less and less influence on Bitcoin every day. With Japan regulating cryptocurrency, we are seeing major publicly-listed companies enter the ASIC manufacturing sector. There are talks of this in Russia as well. As Bitcoin goes mainstream, its decentralized nature is such that any one authority/country has less potential influence as time goes on.
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.
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