News said that China will close local exchanges

maman09

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Quote from: wendelllee on September 08, 2017, 11:38:46 AM

A lot of news came up today. I hope it's fake news but it seems not.
http://www.zerohedge.com/news/2017-09-08/bitcoin-crashes-massive-volume-china-plans-shut-local-exchanges

9/14
BTCChina will close exchange after Aug30.
https://www.btcchina.com/

yes this is the end of this. this rumor has spread. news now about china and end closing ico and bitcoin.
this is a scenario to decrease crypto value. and the effect is to decrease the btc value.

86B

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With Decentralized Exchanges like the Blocknet on the horizon - I don't think it's wise for the Chinese traders to exit the market. When products like BLOCK go live in the near future, anyone across the world will be able to trade wallet to wallet trustlessly without worrying about having their coins kept on a centralized exchange that can be shut down by the government at any moment.

energico

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Quote from: BlockchainGod on September 14, 2017, 10:52:17 AM

Here is the news. I think China just again wants to intimidate that could derail the price, as it was previously. Those who bought bitcoin for$ 5,000, do not panic!

They known they don't panic but tomorrow many big trader will dump their coin. Then they can't control their emotion and panic sell. After all price will recover. Classic!

BlockchainGod

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Here is the news. I think China just again wants to intimidate that could derail the price, as it was previously. Those who bought bitcoin for$ 5,000, do not panic!

redhack

legendary

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It would be China's loss. Who don't want this billion dollar business?
Your crypto-currency investments may be affected in short term but in the long run it will go back to bullish. Don't make panic decisions.

reymarkperry

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https://rangersprotocol.com/

btc-e will open tomorrow with many btc and eth. I think this is China trader trick to make btc-e user dump their coin.

tranle789

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Quote from: wendelllee on September 14, 2017, 09:49:04 AM

Today BTCChina said that they will close exchange at the end of this month. News said that more China local exchanges will be closed.

Yup China is doing everything to dominate this market and they have been successful in just a short week. For me many investors are selling panic in big markets because they fear BTC may return to the $ 2000 price.

Morphling

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Quote from: flower1024 on September 14, 2017, 10:17:02 AM

Quote from: 9000 on September 11, 2017, 04:14:45 AM

China "banned" bitcoin a few times in the last years, they all've been campaigns to manipulate the markets, it still seems to be the case, always effective, someone is making a load of money on these rumors.

What you said it's 100% correct. Some group of people are making a load of money by spreading this news in all over the world. This looks like one type of strategy to make money by fooling small traders and newcomers in this market. Who will take the sudden decision they all will lose their money.

maybe there are some people spread this news at purpose, but China will close all the exchanges indeed, the government release the news through the media for several days to let the market prepare and then announce it to reduce the impact, but there are some people still cant believe, then they may suffer big loss for their judgement

flower1024

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Quote from: 9000 on September 11, 2017, 04:14:45 AM

China "banned" bitcoin a few times in the last years, they all've been campaigns to manipulate the markets, it still seems to be the case, always effective, someone is making a load of money on these rumors.

What you said it's 100% correct. Some group of people are making a load of money by spreading this news in all over the world. This looks like one type of strategy to make money by fooling small traders and newcomers in this market. Who will take the sudden decision they all will lose their money.

vipgelsi

legendary

Activity: 1736

Merit: 1001

China at it again they must of sold all there coins at $5000 and are either looking to buy back or start there own coin.

Lanatsa

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Quote from: wendelllee on September 14, 2017, 09:49:04 AM

Today BTCChina said that they will close exchange at the end of this month. News said that more China local exchanges will be closed.

If this thing would really happen and all of those news then for sure we would really see a bad dip on here on bitcoins price but i do believe that they would enable it again for sure and i do really feel that they do have really plans on this such kind of decisions that they do made.Reds is really happening as of now not only on my bitcoin portfolio but also in my altcoins too which is really a disaster.

Tidsdilatation

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I'd say everything related to China is a big fat scam. Even if China banned anything, that would be good for the entire crypto world. Alot of shit comming out of China, Bitmain etc.

wendelllee

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DeepOnion

Today BTCChina said that they will close exchange at the end of this month. News said that more China local exchanges will be closed.

9000

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China "banned" bitcoin a few times in the last years, they all've been campaigns to manipulate the markets, it still seems to be the case, always effective, someone is making a load of money on these rumors.

hardworkinfamilyman

jr. member

Activity: 109

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For safe haven investments with the uncertainty in China, can I suggest you look at the coins / payments systems that will see growth in the next 4 weeks :

OMG - Asian focus and not China dependent. Real world use.

Metal - huge announcement rumoured to be coming in the next 3 weeks of international alignment with a major corporate. Huge real world use that could see it become the "survivor"

NEM - safe haven for Asian investors

boomboom

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Quote from: abjgd1008 on September 11, 2017, 03:26:05 AM

Guess, its not fake. Bloomberg and WSJ backing it up https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

The main take away , crypto currencies are still legal in China, OTC trades are legal, dodgy ass chinese exchanges are NOT legal.

To all our Chinese brothers and sisters out there in the cryptosphere, seriously take a look at SuperNET's BarterDEX trading platform, it's still being made more user friendly with better wallets, but the tech already allows you to trade coins P2P without any need for an exchange, so afaik it would be legal in China.

https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex

Dodgy exchanges should be banned everywhere, P2P trading is the future, when the dust settles this will go down in crypto history as a good day!

abjgd1008

newbie

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Guess, its not fake. Bloomberg and WSJ backing it up https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

oreits11

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following the different issue of news with the ICO ban that they might be experiencing use of the unmanaged situation as might of those with the people

to lives as the customs of homogenism on casuals.

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stock market turned with the 50% drawing of down, as for several parts of their people those gives of unfair kinds of chance as attaining works with the

business as referring the customs of the homogenism of the communist culture.

AUruHM

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