Topic: Oh Shit! - China bans Bitcoin yet again. This time for real. - page 4. (Read 3275 times)

We should ask Thermous to lock this forum: https://bitcointalk.org/index.php?board=30.0 Chinese government will not want people using this any longer.

Let China trader quit from our crypto world. We dont need them anymore and we dont talk anymore

Bitcoin Trading is the one who gets banned and not exchanges right? Well, Again it's their loss and not bitcoin itself and not bitcoin community. Some posters here might be right that it's another trick by Chinese Government to lower the price again, they need JP Morgan to trash talk about bitcoin again and then buy a massive amount of bitcoin, again. Lol. They also need mainstream media to report and release multiple articles that describes bitcoin death. Let the Chinese Government leave the Bitcoin System and still the Bicoin community and Bitcoin System will continue to survive.

In time they'll realise their mistake, hopefully it'll be sooner than later

Well VPN is not the only solution for sure, theres a bunch of exchange sites from different countries available such as japan, singpore, etc. Especially decentralize exchanges that china cant ban, and right now on a news only 7% bitcoin volume left in chinese exchanges, it means that they transfer their holding to ezchanges that are out of jurisdiction of the chinese government law..

Regurgitating the same news will not work to push the price lower. They aren't scaring anyone anymore, the novelty factor is lost, the price isn't even moving anywhere. When people see the headlines they will realize "oh wait I have heard this before". There's no point in trying to negotiate with them. The language barrier is too strong, they will never understand what real bitcoin is. Let them mine BCash or whatever shitty hardfork they come up with next.

It already happened.  Don't believe me, just ask Bobby Lee.  This is serious shit when they kill the exchanges. That is as close to 'a ban' as you can get.  Just because they havn't removed every node from China territory yet, don't think the ban is not done.  It is done. 

Me for one, I am glad the Chinese are gone.  We didn't need them anyway and they contributed nothing but FUD and problems to bitcoin.  I wish we could find a way to kick them off the Internet too. 

Well, the same trick they did last year. Shaking off a lot of bitcoin noobs whose panic when see bad news. The FUDs were effective though. The price drops to $2900+. But me, i don't buy that bullshit they've made. They are just scare people to sell their bitcoins and buy when drops to get handful of bitcoins. Well that's the way it is. Everyone gets scared. Bitcoin ban in China is impossible to happen and i think the statement of China about that was unconfirmed. If it's true, it will be just temporary. Even if China ban Bitcoin. I don't think they cannot stop bitcoin from rising. A lot of huge countries already adopting this technology. They will just simply replace China. In the end i think China is the loser.

The price is not moving because the damage has already been done. China can no longer push the price lower than $2800, that was the bottom. Anyone still FUDding is because he got stuck on a short position, he sold at a loss, he sold and isn't able to get get in again.... basically everyone still FUDding are panic sellers that want to buy back without having to pay an higher price. Fuck them, they are what's wrong with Bitcoin, and we are getting rid of them.

maybe, maybe not. like it or not, china has a pretty big global economic presence. it might be beneficial in the future for them to be involved.
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Bitcoin IS better without a corrupted shithole like China. Bitmain is a cancer to Bitcoin. The faster they die the better it will be. It may cause a temporal correction due the lower hashrate but the fundamentals will be better without Jihad Wu supporting every hard fork under the sun.

Though china is a large country, we should not panic, thr chinese banning bitcoin, will only mean, more bitcoins for the rest of us, we should also be aware that everything that china bans, we should invest on and take advantage, just look at them banning facebook in their country, facebook still grew, even without the chinese. I think we all are ready for this, since after the dip, those with weak handd already sold their bitcoinnand are out, those who are left are the real investors, since we know, one if the basics of investing is to buy low and sell high, this strategy is always effective, and when it comes to bitcoin doin a cut loss strategy is not advisable since we all know bitcoin always bounces back and for sure bitcoin will do it over and over again, even without the chinese. This news should also be clarified, we haven't heard yet, from a anyone who is investing bitcoin, that resides in china, and if they ban bitcoin, what will they do to all the bitcoin that they had mine, they cannot just easily throw their wallets away, well in for sure, those people have knowledge on how to keep safe their cryptocurrencies. I think for most of us, this will again make bitcoin's price go down and again we will hear from different personalities that will bad mouth bitcoin, and in the end, bitcoin will still prove itself to be powerful, more and more people will be patronizing bitcoin, and for sure china on the other hand might regret that kind of decision. Let's just not go into panic into thinking bitcoin is just a bubble, this is what they also said on facebook before, and we all know what is facebook today.

No one should panic and sell their bitcoins just yet, that is going to devalue the currency even more. We really don't need the Chinese at all, this after all isn't the first time that they have banned bitcoins but yet still the currency is still thriving and if they are banning it now i really hope that they ban it for good this time.I for one am sick of their antics.

i think its rather that, this time around, people have learned. we've seen, what, three separate instances of negative bitcoin - related news in the past two weeks? with the price tanking and recovering fairly quickly each time, i think people have learned that itll take a lot more than just china to destroy bitcoin, and have finally gotten to the point where they can see past the unreasonable amounts of FUD that people are spreading over every bit of news. that, or maybe the chinese have run out of coins to panic sell, and everyone else has already bought them up.

maybe, maybe not. like it or not, china has a pretty big global economic presence. it might be beneficial in the future for them to be involved.

just let them to what they fear of
they dont know the history, they dont take a time to read what happens before in bitcoin. that is why they are all scared about the price fall of bitcoin.

let forbid)) the rate will fall and we will buy bitcoin at the bottom.
it is important not to miss the moment...

Yes they are doing it example china itself blocked access to all local exchanges and now reports claims they are going to ban ip address of foreign exchanges also and the most important thing ban mining in the country with that they cause lot of issues to btc itself and they are also planning to ban bitcoin network in their country. It might cause issues for a while but other countries like japan maybe able to co-op up.

really ? you think how many times china banned bitcoin in the past ? why people keep fall with same trap 

a decentralized system doesn't care about china, bitcoin will be better without china

I agree with you although they (china) banned bitcoin in fact it will not bring down people's interest in bitcoin, am I right ?


Or maybe they want to make their country like north Korea? not everyone can access internet in north Korea. I'm not sure

The Chinese government will fail miserbly, given bitcoin's decentralized nature. This is clearly an overreach by an insecure government if true. On the other hand, the article linked to lacks sources and seems to be based on rumor or speculation. In any case, the Chinese government, like any other government, will fail in any attempts to prevent the use of bitcoin.

Why should we sell our bitcoins?
I think it is only you who is afraid of banning?

 Don't worry of the problem in banning it is not your problem
It's bitcoin's.

China, has a problem that we don't know that's why they
Keep banning bitcoin.

Maybe there are hackers that is initiating china's information
Or weaponries by using bitcoin.

I don't think so that China will ban bitcoin easily with just
Minor problems, maybe there is a real and serious problem.

Wise, whales keep on buying bitcoin, because this is their advantage.