What do you think about the future of bitcoin? - page 2.

skorupi17

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Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

I am very optimistic about the future of Bitcoin. I can see Bitcoin will overcome more challenges and obstacles. Bitcoin will continue to surpass each of its records so the future of Bitcoin for me is very bright. The prohibition made by China is just a way of toying with Bitcoin, nothing is to be worried about and it will not trigger anything.

alfaruq

newbie

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In my opinion, today bitcoin prices continue to rise, already many companies-companies that use bitcoin transactions, then this shows a good thing for the future bitcoin. Even developed countries like japan legalizing bitcoin transactions, this makes bitcoin will not be banned in the future.

Ahiaba

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China were actually trying to regulate the activities of local Bitcoin exchange and ICO. And even if they ban Bitcoin and crypto currency activities in their country it will have no major effect on Bitcoin and crypto currency in general because other countries like Swaziland and Japan are adopting it, so I believe Bitcoin future is going to be great without China.

Omega Weapon

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Quote from: Quantex on September 30, 2017, 04:13:25 PM

Quote from: Omega Weapon on September 30, 2017, 04:08:35 PM

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

If China wants to get out of this revolution instead of being the leader as it currently is then they can do it, bitcoin does not force anyone to use it, but if they do that, they are going to lose the opportunity they have been waiting of debunking the US dollar from being the top currency of the world, it seems the Chinese government has decided to keep their power on their country over having a larger base of power on the whole world.

The future will be much brighter than this as long as China, Japan or USA don't ban bitcoin permanently. The community keeps growing and this is amazing to see the progress of bitcoin eventually.

I will find it very weird if countries like Japan or the US banned bitcoin, Japan has taken the opposite route and they are in fact legalizing bitcoin so it will be very weird if theed did a 180 degrees turn, I think in the US they are going to be very careful about banning bitcoin since their citizens are very susceptible to any ban, however China is a different story since that is a communist and authoritative country.

patz22

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China banned Bitcoin? So what? There was a bit effect when China banned ICO's but see just after a few weeks the value of bitcoin went up. Lets change the question to what is Your future in bitcoin? Because what I think is bitcoin will definitely last in decades but we will never know that's why as long as we have bitcoin it in the present we have to treasure it

Kyraishi

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Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

Bitcoin transactions are not forbidden in China, what are you talking about?

The only thing that China has done officially was ban ICOs, and a few exchanges have shut down. That's all. You can still trade bitcoin on localbitcoins for local currency or vice versa. This should have no long term effect on bitcoin's development, even if China bans bitcoin completely.

Bitcoin is decentralized.

Natsuu

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Quantex on September 30, 2017, 04:13:25 PM

Quote from: Omega Weapon on September 30, 2017, 04:08:35 PM

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

If China wants to get out of this revolution instead of being the leader as it currently is then they can do it, bitcoin does not force anyone to use it, but if they do that, they are going to lose the opportunity they have been waiting of debunking the US dollar from being the top currency of the world, it seems the Chinese government has decided to keep their power on their country over having a larger base of power on the whole world.

The future will be much brighter than this as long as China, Japan or USA don't ban bitcoin permanently. The community keeps growing and this is amazing to see the progress of bitcoin eventually.

But I'm pretty sure that China will change it's mind and give itself again to bitcoin community.
Like Russia before that they didn't believe that there's a future in bitcoin and later on it surprise the world and started to build their own mining company.
But if China won't turn back again then it's fine. Slowly we crawl to the top again without these Chinese manipulator.

liseff3

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Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

The future of bitcoin remains in its glory, it's okay for the Chinese government to ban bitcoin transactions from happening in his country, but this attitude is not necessarily the same as his people's attitude, I feel sure there are Chinese people playing here with bitcoin mining.

Currently the eyes of chinese officials are being closed to the royal throne as the rulers of the market, one day their eyes will be wide-eyed as bitcoin transactions flourish in his country, after which they will probably lift their ban.

Quantex

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Quote from: Omega Weapon on September 30, 2017, 04:08:35 PM

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

If China wants to get out of this revolution instead of being the leader as it currently is then they can do it, bitcoin does not force anyone to use it, but if they do that, they are going to lose the opportunity they have been waiting of debunking the US dollar from being the top currency of the world, it seems the Chinese government has decided to keep their power on their country over having a larger base of power on the whole world.

The future will be much brighter than this as long as China, Japan or USA don't ban bitcoin permanently. The community keeps growing and this is amazing to see the progress of bitcoin eventually.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

If China wants to get out of this revolution instead of being the leader as it currently is then they can do it, bitcoin does not force anyone to use it, but if they do that, they are going to lose the opportunity they have been waiting of debunking the US dollar from being the top currency of the world, it seems the Chinese government has decided to keep their power on their country over having a larger base of power on the whole world.

h1h2h3_c

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Quote from: fearcoka on September 29, 2017, 04:25:03 PM

Quote from: jackhdt on September 29, 2017, 12:02:09 PM

Quote from: doublebit21 on September 29, 2017, 11:44:38 AM

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

China's ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. China's big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here. That's in the long term, though, when Bitcoin has the potential to replace the yuan in everyday transactions, and as a monetary asset. At present and in the immediate future, however, the size of the Bitcoin economy is far too small to be a real threat to the Beijing government and the banking system it owns and manages.

as i know China does not say they ban Bitcoin, only the ICO market and the cryptocurrency exchanges in this country have banned

That's right, but this FUD still affected the mentalility of traders on the market because the rumors changed many information about that, even some rumors fake China has banned Bitcoin and will penalize any one hold Bitcoin lol Grin

Rumors are created by 100% verified liar because he is a big liar in history that's why he has created a news like that and blamed bitcoin i will say that we should stop spreading that anymore.

fearcoka

legendary

Activity: 1008

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Quote from: jackhdt on September 29, 2017, 12:02:09 PM

Quote from: doublebit21 on September 29, 2017, 11:44:38 AM

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

China's ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. China's big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here. That's in the long term, though, when Bitcoin has the potential to replace the yuan in everyday transactions, and as a monetary asset. At present and in the immediate future, however, the size of the Bitcoin economy is far too small to be a real threat to the Beijing government and the banking system it owns and manages.

as i know China does not say they ban Bitcoin, only the ICO market and the cryptocurrency exchanges in this country have banned

That's right, but this FUD still affected the mentalility of traders on the market because the rumors changed many information about that, even some rumors fake China has banned Bitcoin and will penalize any one hold Bitcoin lol Grin

jackhdt

sr. member

Activity: 476

Merit: 256

Quote from: doublebit21 on September 29, 2017, 11:44:38 AM

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

China's ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. China's big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here. That's in the long term, though, when Bitcoin has the potential to replace the yuan in everyday transactions, and as a monetary asset. At present and in the immediate future, however, the size of the Bitcoin economy is far too small to be a real threat to the Beijing government and the banking system it owns and manages.

as i know China does not say they ban Bitcoin, only the ICO market and the cryptocurrency exchanges in this country have banned

doublebit21

full member

Activity: 173

Merit: 100

Quote from: btcsister on September 17, 2017, 09:46:56 PM

Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?

China's ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. China's big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here. That's in the long term, though, when Bitcoin has the potential to replace the yuan in everyday transactions, and as a monetary asset. At present and in the immediate future, however, the size of the Bitcoin economy is far too small to be a real threat to the Beijing government and the banking system it owns and manages.

bitcointarget

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Activity: 350

Merit: 250

Quote from: CoinsCoinsEverywhere on September 25, 2017, 01:23:24 PM

Quote from: Senja Kemuning on September 25, 2017, 03:52:29 AM

I think and strongly believe that the future will continue to improve, this is because of the increasing bitcoin users so the price keeps going up, even though china banned bitcoin but I'm sure it will not have much impact for bitcoin.

China is not the huge player that it used to be. They were instrumental in the last price spike to ~$1100, but the percentage of daily volume that Chinese trading represents is no where close to a majority anymore. In the long run, the China ban isn't going to do much. And should China allow bitcoin again one day, we should get quite a rally from the news.

**China explains the total removal of bitcoin miners, the bitcoin will crash.

**China explains a moderate regulation of bitcoin and its exchanges, bitcoin can make bull market for $1000 increase.

CoinsCoinsEverywhere

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Quote from: Senja Kemuning on September 25, 2017, 03:52:29 AM

I think and strongly believe that the future will continue to improve, this is because of the increasing bitcoin users so the price keeps going up, even though china banned bitcoin but I'm sure it will not have much impact for bitcoin.

China is not the huge player that it used to be. They were instrumental in the last price spike to ~$1100, but the percentage of daily volume that Chinese trading represents is no where close to a majority anymore. In the long run, the China ban isn't going to do much. And should China allow bitcoin again one day, we should get quite a rally from the news.

Senja Kemuning

sr. member

Activity: 553

Merit: 250

I think and strongly believe that the future will continue to improve, this is because of the increasing bitcoin users so the price keeps going up, even though china banned bitcoin but I'm sure it will not have much impact for bitcoin.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: CowboyKiller on September 24, 2017, 12:09:42 PM

Quote from: bubblebit on September 24, 2017, 10:32:30 AM

The poll said it all 23 out of 23 or 100% who voted has same prediction that bitcoin path is going the good way. And "0" zero thinks the other way. I truly believe that we are all correct at this time, bitcoin is and will always be increasing the price, the popularity and the investors.

Let's imagine the whales will do the opposite our prediction, do you remember Bitcoin Cash? Yeah, Bitcoin Cash after listed on exchange did not fall down, even it increased the opposite our prediction to high value.

During those days of bitcoin cash splitting from the main chain, users were much focused on the price drop. This was made to go opposite to that of the predictions. When splitting its expected that the price will go low, but this was overcome by the growth making bitcoin to be flourishing high.

bubblebit

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Quote from: CowboyKiller on September 24, 2017, 12:09:42 PM

Quote from: bubblebit on September 24, 2017, 10:32:30 AM

The poll said it all 23 out of 23 or 100% who voted has same prediction that bitcoin path is going the good way. And "0" zero thinks the other way. I truly believe that we are all correct at this time, bitcoin is and will always be increasing the price, the popularity and the investors.

Let's imagine the whales will do the opposite our prediction, do you remember Bitcoin Cash? Yeah, Bitcoin Cash after listed on exchange did not fall down, even it increased the opposite our prediction to high value.

We can't compare two different thing, bitcoin did withstood the test of time. BItcoinCash is just a mere experiments by them if they can really dictate the future of cryptocurrency market. They can affect but can't totally change it. Most likely negativity in anything won't do good at all, so just relax and enjoy the ride. Let the whales shrunk they're heads below and be drowned.

CowboyKiller

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Activity: 463

Merit: 250

Quote from: bubblebit on September 24, 2017, 10:32:30 AM

The poll said it all 23 out of 23 or 100% who voted has same prediction that bitcoin path is going the good way. And "0" zero thinks the other way. I truly believe that we are all correct at this time, bitcoin is and will always be increasing the price, the popularity and the investors.

Let's imagine the whales will do the opposite our prediction, do you remember Bitcoin Cash? Yeah, Bitcoin Cash after listed on exchange did not fall down, even it increased the opposite our prediction to high value.

Topic: What do you think about the future of bitcoin? - page 2. (Read 2260 times)