Read in the news. "The ninth of September, the state newspaper Caixin published that the government of China is an ongoing debate on the question of suspension of activities of the bitcoin exchanges on the domestic market of the country. Three bitcoin exchanges – the largest in China (BTCC, OKCoin, Huobi), said, confident that local regulators will not ban the trading platform. Head of strategic planning Blockstream and expert on cryptocurrency exchanges Samson MOU explained the situation. According to the economist, the statement said publication can be false, as for him not standing any reliable source. But many analysts believe that the edition had inside information obtained from government agencies."
I'm leaning towards the worst case scenario. China can realistically deny bitcoin in the country. and it will be just a magical event in the world of cryptocurrency. Shatter the myth of decentralization of cryptocurrency. And credibility just simply disappear..... Who can guarantee that you and your country authorities will not come to this decision?)
Topic: The Chinese government has banned some exchange - page 2. (Read 1513 times)
Yes this is the law of commerce. Both offline and online trade, both equally can down if there is bad news coming. Well, I do not know why China to ban many ICO and Exchanger.
A simple sneeze from China can affect some of us. When the news about banning ICO in China, the price of bitcoin went down. Now a news about banning bitcoin exchanges, the bitcoin price has gone down as well. Maybe the next news will be banning the bitcoin mining in China. Any movement from China regarding bitcoin somewhat affect the market. China is the second largest economy in the world and most Chinese are successful in doing business. Yes, there is possibility that the Chinese somehow can control the crypto currency market.
Well bad news will be bad news and Bitcoin is not immune from it. Anything that acts as a catalyst or a trigger to start a trend will be taken advantahe of people who seek to take profit especially the big players, when they see news like this it signals an opportunity for them in which they sell of their load at the peak and then fish out at the bottom, the most sad part here is they get to maximize the profit while the others are in their mercy. This can be true because China holds the largest volume of bitcoin and there are many transactions in China. If this is true, then might be the cause of the great price deflation of bitcoin and this is not good for all of us.
This is no longer the case. Earlier this year, volume on the Chinese exchanges drastically dropped after the government audited them. Now, we see that Japan and the West have much more influence on the market (at least according to volume) than previously thought. Trading volumes are much more distributed throughout the globe now.
It's true, though, that China is extremely relevant to Bitcoin mining and ASIC manufacturing. That hasn't changed, although we are now seeing Japanese companies enter that space as well.
A simple sneeze from China can affect some of us. When the news about banning ICO in China, the price of bitcoin went down. Now a news about banning bitcoin exchanges, the bitcoin price has gone down as well. Maybe the next news will be banning the bitcoin mining in China. Any movement from China regarding bitcoin somewhat affect the market. China is the second largest economy in the world and most Chinese are successful in doing business. Yes, there is possibility that the Chinese somehow can control the crypto currency market.
If China could sneeze and the effect could be this massive, I wonder what will happen if they cough then price will catch serious cold and that tells us the dominance that China has over bitcoin and they are excercising it to the fullest and I expect that other countries would do same if they have their own opportunities. Let Chinese government enjoy it while it lasts.
I guess it is fake news, maybe spread out by china or by missunderstanding. Fact seems to be thaz the exchangers still didn't get any feedback by government.
If there is a smoke, there is a fire. The news is not totally false but it is a fabricated one. China has not banned any exchange, not yet. One of the Chinese journalist also said that they have not received any shut down notices. China is planning to resume ICOs and now this banning of exchanges means, they are just trying to get control over crypt coins in their country.
that bring panic to those who doesn't understand the point of Chinese government about requiring the ico to be well handled.
I guess it is fake news, maybe spread out by china or by missunderstanding. Fact seems to be thaz the exchangers still didn't get any feedback by government.
If there is a smoke, there is a fire. The news is not totally false but it is a fabricated one. China has not banned any exchange, not yet. One of the Chinese journalist also said that they have not received any shut down notices. China is planning to resume ICOs and now this banning of exchanges means, they are just trying to get control over crypt coins in their country.
I bet they're now happy with their cheap coins and laughing at us here.
Forget about news from China. It's not the first time they are trying to manipulate the price this way.
I guess it is fake news, maybe spread out by china or by missunderstanding. Fact seems to be thaz the exchangers still didn't get any feedback by government.
If there is a smoke, there is a fire. The news is not totally false but it is a fabricated one. China has not banned any exchange, not yet. One of the Chinese journalist also said that they have not received any shut down notices. China is planning to resume ICOs and now this banning of exchanges means, they are just trying to get control over crypt coins in their country.
The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
China making a move to completely ban Bitcoin is related to why the exchanges were taking a tumble, but they weren't as dramatically affected by the event as they could have been if there was a more aggressive stance or more invasive action that was taken against it. And China is far from controlling Bitcoin, they just had a lot of exchanges and people buying. Soon their market share will decrease and they'll have as much influence as the US as Japan and SK experience more growth. if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
yes indeed china I think is a very big country for bitcoin development so it could be the cause of the current price is still low but more importantly other countries do not participate in the prohibition of ico in their country so we can still earn income from various projects that still exist to the future.
This can be true because China holds the largest volume of bitcoin and there are many transactions in China. If this is true, then might be the cause of the great price deflation of bitcoin and this is not good for all of us.
Always be careful about china guiz even if this news is real or not China have the power to make bitcoin go up or down in value cause you know they are one of the biggest player in cryptocurrency. Try watching videos about china or read articles and you will know that the government in there are crazy and very corrupt. There is a law in china that limits people to how much money they can take out from china and as you all know there are many millionaires in china mostly corrupt that want to take their money out in china and 1 way to do it is by using bitcoin. If many people use bitcoin to take their money out of their country surely the government will notice it and they will do what it takes to stop it.
I guess it is fake news, maybe spread out by china or by missunderstanding. Fact seems to be thaz the exchangers still didn't get any feedback by government.
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The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
maybe its true because we know that china has the big power in mining and with much of bitcoin they have, they can easily to control but i really don't know. Maybe this is why bitcoin price is drop until deep price but fortunately the price is back to go up.
I see the price is fallen because bad news and i think many people in the market is panic selling and makes the price is drop.
The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
CHina has the second largest market of cryptocurrency. The 70% (PBOC) Peoples Bank of China is owned by Chinese Government. Though not yet confirmed, the China is planning to ban all exchanges as per the Ceo of Bitcoin Exchange in China. This is another bold move of China in crytocurrency just within a week. This had affected the price of bitcoin dropping to global market. I hope that they are just banning scam ICOs not bitcoin. if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
It is a report from Caixin. It is not actual government announcement.
It could be false rumours for all we know. At least the market thinks so right now because of the fact that we are already on our way to recovery because we are up $130 a coin from the low of $4120~ on coinmarketcap. Currently it's $4250.
Just take into consideration that all the big chinese exchanges has said they haven't received any news from chinese government that rules are going to be changed from now on and they will go out of business. None.
It could be false rumours for all we know. At least the market thinks so right now because of the fact that we are already on our way to recovery because we are up $130 a coin from the low of $4120~ on coinmarketcap. Currently it's $4250.
Just take into consideration that all the big chinese exchanges has said they haven't received any news from chinese government that rules are going to be changed from now on and they will go out of business. None.
A simple sneeze from China can affect some of us. When the news about banning ICO in China, the price of bitcoin went down. Now a news about banning bitcoin exchanges, the bitcoin price has gone down as well. Maybe the next news will be banning the bitcoin mining in China. Any movement from China regarding bitcoin somewhat affect the market. China is the second largest economy in the world and most Chinese are successful in doing business. Yes, there is possibility that the Chinese somehow can control the crypto currency market.
Maybe not control but some sort of influence since I think China wants their people to get out from the cryptocurrency market as they are possibly viewing cryptos as competitors for their national currency and they are not sure how cryptos can be affecting their growing economy.
China hates something they don't have power to control of...this is the big reason why popular sites like that of Google, Facebook and Twitter are banned in China. So the question is this: Can cryptocurrency survive without the Chinese market? Maybe the answer lies in looking at those companies banned in operating in China.
PBoC have supposedly banned bitcoin in 2015 and for a few days, bitcoin's price took it's turn for the worst. PBoC then reconsidered and lifted the ban, and the trading prices went to nornal again. If there's something that China can do, it's their trading volume which could affect Western exchanges on a negative side. One false rumor in their country could bring a devastating effect in terms of bitcoin price.
I also heard that Chinese government banned some of bitcoin currency. And it is affecting the price of bitcoin.You are right, if there is any power to control the price of crypto currency, China has this control power.I don't know when wil everything become good.
The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
- Haven't banned yet but there is one fud with this news, nothing has been announced officially.if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
- Yes china have big influence in bitcoin market but it is not as much as it used to have few years back.
- Just buy bitcoin whenever there will panic sell like this one.
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