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Topic: Today's news: Chinese gov restricts Crypto again... - page 12. (Read 1456 times)

sr. member
Activity: 2366
Merit: 332
The estopping of the usage of cryptos have been a long time struggle. In the short time, It is a way to instigate panic selling.

On the other side,  if at all, I see the struggle being to achieve some level of sanitation in the crypto world to push out mediocre. These countries will come around in the long term.
It will work to protect investors , guiding against shit icos .

However, history has also shown that change is always resisted. Crypto is new and trying to gain grounds.
sr. member
Activity: 840
Merit: 268
These Koreans, Chinese and Americans are really pain in the ass. It is so sad that these people are making bitcoin worse as much as possible for them to buy a the dip. FUD here, FUDS there. That's what they are doing because they know what is the capability of cryptocurrency. THEY ARE THE REAL OPPORTUNIST! So sad that these people are taking over us.
newbie
Activity: 79
Merit: 0
I agree.  They will ban it for their citizens and buy it themselves at a lower price.
full member
Activity: 322
Merit: 101
In my opinion, this is simply a manipulation of politicians who simply can not allow ordinary people to make money on crypto, and therefore launch such news.
full member
Activity: 854
Merit: 104
Indeed, it seems that while they understand the price of bitcoin intentionally. This has its positive aspects: it means that bitcoin will soon grow in price. As for the news about the tightening of the rules in relation to the crypto currency from China, they themselves have little effect on the crypto currency, but in general, along with other similar news from South Korea and India, give a bad picture.
full member
Activity: 490
Merit: 100
Oh my God how much you can shake this market, I'm just starting to get tired of China's attempts to block crypto-currencies in the territory of its country, so probably it's already worth noting this very seriously. Well, what if it does? What's bad about it? Let them block.
hero member
Activity: 1106
Merit: 501
www.bitcoin.org
What's wrong with China? Or the news reporters? We are in the middle of an ocean without any clue what's really going on China. How many times they can ban or restrict Cryptos? This is getting ridiculous. Panic selling is happing in the whole market and those newbies who entered in December are getting off.
full member
Activity: 773
Merit: 100
Why did everyone conspire against the crypto currency? Everyone for some reason refuses it. Against the backdrop of bad news, prices fall on coins. It remains only to wait for the best.
newbie
Activity: 151
Merit: 0
I think the news is nothing more than a lie, I often hear bad news especially from China, thank you for the information given, and if cryptocurrency can not recover in the near future, we just have to wait
full member
Activity: 434
Merit: 100
I think this type of news effect on the cryptocurrency related people. Actually this type of news are really boring. There are lot of chinese investors in the cryptocurrency. They are suffering from this news. I think it also effect on all coin in crypto market.
sr. member
Activity: 1582
Merit: 352
★Bitvest.io★ Play Plinko or Invest!
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...
Chinese community plays big role in the cryptocurrency world because they have bigger community and most of them are investors that is why countries like China that has strong implementation of rules in crypto affects the price of Bitcoin and any other crypto's. But still we all know that bouncing back will happen anytime soon since majority of countries are into supporting crypto's. I think not only China did that thing but also other countries too. Here in my country we have already regulated by the government and we have no problems so far. But in other countries the struggle is real. It is okay if ICO's are regulated for our safety but if they were stereo typing crypto's I think we are the most affected people on earth wherein plummet is real but what is interesting is that every downfall will be our opprtunity to buy some so there will be no loss because both sides has win/win situation unless we are doing it right. Social medias like facebook also has rumors of stopping ads for cryptos but still not a big deal for me. It will just give us chance to invest in a more cheaper way. Grin
full member
Activity: 364
Merit: 101
We all know that since the beginning, the chinese government are doing ways to ban crypto in their country knowing that there are lot of chinese investors in the crypto world. This has happened so many times and they know this will affect the price of bitcoin. This i think is a strategy by the whales to pull down the bitcoin price even more so they can buy cheap.
member
Activity: 364
Merit: 12
The Most Profitable Mining Pool
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...

As early as September 2017, the Chinese government has banned ico and closed all exchanges in the country. Therefore, all ico and crypto-currency trading are illegal in China.
Therefore, I wonder why the Chinese government will once again ban it. This is illogical.

They just tighten their hold by extending the BAN to some websites they can control. We all know that for all of the SIN committed on earth, money laundering is the MORTAL sin for every COUNTRY, number one in China, they want full control of their FIAT money, by extending its rage against ICOs and the likes, we can conclude that China just making it more difficult for every person in their state to commit money laundering.
full member
Activity: 753
Merit: 100
A similar situation took place some time ago in Russia. Price goes down, and later camrade Putin met with Vitalik Buterin and the situation changed by 180%. I would not be surprised if China also did a similar trick. Now China want cut piece of this cake ..
I would not compare the news with Russia and the news from China. China at the moment is more influential in the crypto-currency market, although now many ICO projects are Russian. Nevertheless, I want to believe that in the near future the market will recover despite all the negative news.
sr. member
Activity: 686
Merit: 257
Such news are getting boring. Read through the posts and most of us feel that the China whales are playing games again. I have the same thoughts and take this opportunity to buy in more coins.
sr. member
Activity: 1112
Merit: 256
A similar situation took place some time ago in Russia. Price goes down, and later camrade Putin met with Vitalik Buterin and the situation changed by 180%. I would not be surprised if China also did a similar trick. Now China want cut piece of this cake ..
legendary
Activity: 1197
Merit: 1001
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...

Yeah, I read it too. Including some news about total ban of Chinese players in all exchanges.

I guess this is the reason for today's blood bath. Now we will be in a long crypto recession.
member
Activity: 145
Merit: 10
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...
They should ban it totally,no further regulation is needed just banned it so people can move on,Chinese whales are surely going to migrate to other country together with their assets china is a communist country thats why they are taking advantage everything that has threat to them.
newbie
Activity: 58
Merit: 0
Well it looks like we may be experiencing the FUD we saw back in September.  Now if we all recall...this caused the market to dip, which resulted in a great entry point for many.  This in turn caused a quick recovery and prices again rose back up and then surpassed previous prices.  In summary, do not panic, that's what they want you to do...this is the time to HODL and if you can....buy more!!!!!
legendary
Activity: 3094
Merit: 1069
Vave.com - Crypto Casino
Every authorities, like Chinese have reasons to get cautious about cryptocurrencies. But what they should realize sooner is restrictions are not going to lessen it's use but would advertise it to more people. They should find a way to adjust alongside crypto.
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