Topic: Today's news: Chinese gov restricts Crypto again... - page 10. (Read 1476 times)
There is no point arguing with Chinese government! Bitcoin is transnational and it can not be stopped. There will still be miners in China and those that will trade from China without been caught! We have anon gateway, vpn etc. We have superior tech more than mainstrream could imagine!
... three months later China Daily reports China to launch its own cryptocurrency for the world.
China is trying to make it difficult for illegal orgs that have lots of power there. But China is China, and they know this is a big thing. They will make crypto work for them, don't worry. It's just a matter of time.
China is trying to make it difficult for illegal orgs that have lots of power there. But China is China, and they know this is a big thing. They will make crypto work for them, don't worry. It's just a matter of time.
I agree with you. As a major financial force, there is no way that they won't buy their ticket for this ride. Their efforts have a good purpose, but they are aiming in a wrong direction. Cryptocurrencies are the future ally, not an enemy. Meanwhile, in my opinion, privacy coins are a good solution. We can not ignore the governments, but we can find a way to use our rights and keep our crypto- story alive. Verge, XSPEC, and DeepOnion are TOR integrated, and obsf4 that last two have implemented make using cryptocurrencies possible even in countries that "don't like" TOR and that are trying to suppress crypto in overall. Also, investing is altcoins, in general, is a smart move. Cryptocurrencies can't and will not be ignored.
After reading your topic. I think this is the negative information that will affect the rates of the entire cryptocurrencies market. It has also been reported that the Indian government banned all cryptos in their country but the truth is not so. So it is complicated for China to entirely ban cryptocurrencies because the state now owns the world's largest cryptos trading platform - Binance.
Doesn't matter for those who look beyond. Again, this is the future we are talking about and no one can stop the crypto revolution. Development is getting faster and faster as more innovation is being presented and used.
... three months later China Daily reports China to launch its own cryptocurrency for the world.
China is trying to make it difficult for illegal orgs that have lots of power there. But China is China, and they know this is a big thing. They will make crypto work for them, don't worry. It's just a matter of time.
China is trying to make it difficult for illegal orgs that have lots of power there. But China is China, and they know this is a big thing. They will make crypto work for them, don't worry. It's just a matter of time.
Come on, they "ban" crypto every few months. What the heck is happening with them?
We used to hear or read that china will ban crypto they always repeat it are we idiot??? Common think about it they are just manipulating us, they take the chance that market is down then they said it again CHINA WILL BAN CRYPTO ,they said it before last september 2017. Are we not used to it??? And Government are thinking again what will there next plan and strategy to tottaly kill crypto! Crypto is the future currency so why you are selling it? I think sooner or later goodnews will come when whales take their position at the deepest level.
a pretty bad news, but the impact is quite pronounced for the market price, the decline is pretty much going on lately, but I still think positive where things like this ever happened but bitcoin can easily deal with everything and recover even more up, this is only my estimate may be very silly, they may just want to play the value of the market, so the price continues to decline so they can buy it at a Cheap price and reverse the situation as in the past year, how things improved after bitcoin suffered a pretty grumpy decrease
I've been recommending privacy based coins for months as it became clear governments weren't going to tolerate crypto when BTC hit $20k. I believe this put many big institutions (banks, agencies, and governments) into a panic and at least some of the FUD we have today is because of it. This recent news from China shouldn't come as a surprise to anyone and in fact I'm surprised it took this long.
I also believe that coins like DeepOnion that leverage TOR and the new obfuscation tech will be where people will store value. It's already been proven that governments can track bitcoin transactions down to the citizen so privacy based coins will grow like crazy. Once we really figure out decentralized exchanges and connect that to TOR then there'll be no stopping crypto from fire-walled citizens.
I also believe that coins like DeepOnion that leverage TOR and the new obfuscation tech will be where people will store value. It's already been proven that governments can track bitcoin transactions down to the citizen so privacy based coins will grow like crazy. Once we really figure out decentralized exchanges and connect that to TOR then there'll be no stopping crypto from fire-walled citizens.
It's not that negative, this news from China. They want to have regulations and they're keeping an eye on exchanges and ICO's, in order to stop criminal activities. Besides, it's not only China, there are several countries thinking about regulations. The G20 conference will discuss this issue tomorrow.
Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.
The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
After the previous ban, there was a huge growth. So hold the position in the crypt. If possible, buy more. This will give an incredible profit already this year. The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
I'm sure that even after such bad news (I guess it's no more than just FUD and fake news) bitcoin and the market will recover. People are interested in crypto so they will find a way to learn about it anyway.
They can squeeze it as much as they want but the fact is that the people want it an one way they are going to get it. They tried to block google so people use a vpn. If they block exchanges, people will use decentralised exchanges. Even if they ban crypto coins people will invest and trade in privacy coins. It cannot be stopped!
Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.
The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
this is bad for their country and also this is bad for the market The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
In my opinion this is the best thing the Chinese government could have done for
push NEO, GAS and privacy coins.
That's why today I took the big decision of buy more provacy coins:
DeepOnion and ZenCash.
Their privacy concepts, in my opinion, are the top of the markets.
Deep Onion uses the TOR network with also the OBFS4 protocol.
Zencash instead uses secure nodes and DAO.
What do you think about these 2 coins guys?
push NEO, GAS and privacy coins.
That's why today I took the big decision of buy more provacy coins:
DeepOnion and ZenCash.
Their privacy concepts, in my opinion, are the top of the markets.
Deep Onion uses the TOR network with also the OBFS4 protocol.
Zencash instead uses secure nodes and DAO.
What do you think about these 2 coins guys?
Another FUD to dump the market... I'm already tired of reading negative news from China. I hope that crypto spring will soon come and bitcoin will begin to grow with the whole market. For China it is very disadvantageous and even silly to prohibit crypto.
Yeah, more so than this odd seemingly global resistance to crypto - I get so tired of people freaking out and dumping at any sign of slightly negative news. I decided last week to just stop looking at more porfolio and come back in a month or two. It's tough to do, but so far so good. If I was smarter I'd throw so extra money into this sale.
I'm honestly surprised privacy coins in general have dumped so much. You'd think with this type of news, people would rush to throw their money into that space.
Welll all depends on what you read and your own decisions. I saw pictures of crypto ATM's being made and moved around China yesterday. Think about NEO - for sure the government is encouraging it and before too long we will see NEO become like WeChat pay and AliPay. Mark my words people. Additionally DeepOnion has the latest TOR protocol, Meek integration and OBFS4 tech so can be used by people everywhere - think of horrible places in the world and yes now you can use privacy coins there. Spectre says its good, but it lacks in so many ways. Please dont believe all the FUD and BS out there. Think with your head and find good projects
The fact that the Chinese government once again decided to toughen the circulation of the crypto currency in its country, can not seriously affect the state of the whole country. However, in recent years, something has become too much negative information from governments of different countries. Maybe there really is some conspiracy against bitcoins or even crypto-currencies in general? I will not be surprised at this now. So all synchronously it turns out, that hardly it can be casual. In addition, for some reason, the bitcoin development team has not eliminated its shortcomings for too long, and some have already suggested that this inactivity is also intentional. However sooner or later, bitcoin should again recover and grow in price.
With the FUD driving down the prices, and the regulations that seem to be mounting, I wonder if this could be the year of the "Privacy" coin. For example DeepOnion is a privacy coin utilizing the TOR network. It is anonymous and 100% untraceable. It seems like coins like this one will have a huge impact on the crypto market.
I agree with you, but I will add something. Chinese government can block TOR network, if you want to use it, you need some obfuscation protocol, like OBFS4. This protocol has been recently implemented in DeepOnion and has been successfully tested by Chinese people in China. It works fine and passes thought the Chinese firewall, you can check it here:
https://deeponion.org/community/threads/deeponion-meek-integrated-wallet-syncing-in-china.28957/
With the FUD driving down the prices, and the regulations that seem to be mounting, I wonder if this could be the year of the "Privacy" coin. For example DeepOnion is a privacy coin utilizing the TOR network. It is anonymous and 100% untraceable. It seems like coins like this one will have a huge impact on the crypto market.
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