Topic: What if China ban was temporary (Read 1556 times)
if china ban temporary. i think it's good because china have big investor so they can invest in ICO.
I think if china really only do bitcoin banned temporarily, and then china will open the gate for ico and bitcoin again, then bitcoin price will rise high far, this could be just a strategy of china country, but no one knows what will happen in the future
What's happening is the Chinese are frustrated that they can't appropriate BTC to the level they want. That's been the history of western business ideas and China's reaction for decades. We invent something and they copy it and try to absorb it and make it their own. Can't do that with crypto. There's a paradox here where the Chinese are excited about crypto and sense that there's something definitely powerful in it, but they don't fully understand the technical aspects of it. They'll be back after they figure out how stupid this move is. I'd make ANY bet on it. Screen cap this and watch what happens.
Why would this benefit China? Surely this doesn't change anything for them if the ban was temporary or not.
I think if china really only do bitcoin banned temporarily, and then china will open the gate for ico and bitcoin again, then bitcoin price will rise high far, this could be just a strategy of china country, but no one knows what will happen in the future
Don't think much about china. If it is temporary or permanent that wont affect bitcoin badly as the effect of it has gone and nobody is thinking about it.It may affect positively but no negative effect from it. As you can see china banned many top companies.
Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
I see China wanting to make a special coin into a major conversion both from bitcoin and all altcoin. This is already done by japan, maybe chinese is a bit late because crypto business is rampant in their country, but ICO ban has strong motive to get there, I think it is not permanent and will be reopened if chinese crypto system is ready as soon as possible.
china has a big plan behind all this,I think china will not be able to leave the bitcoin for granted,
because China used to hold a very large bitcoin exchange,not as easy as chinese leave bitcoin.
we just wait chinese to survive to what extent.
because China used to hold a very large bitcoin exchange,not as easy as chinese leave bitcoin.
we just wait chinese to survive to what extent.
Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
I see China wanting to make a special coin into a major conversion both from bitcoin and all altcoin. This is already done by japan, maybe chinese is a bit late because crypto business is rampant in their country, but ICO ban has strong motive to get there, I think it is not permanent and will be reopened if chinese crypto system is ready as soon as possible.
They not banned completely but they ban to get time so that they can regularize and make some rules to use bitcoin and invest in ICO In the interest of their public.
The ban in China on the circulation of crypto currency and, as already seen, was temporary. Now China is gradually returning to the crypto currency market, but leadership seems to have taken Japan from Japan.
Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
I see China wanting to make a special coin into a major conversion both from bitcoin and all altcoin. This is already done by japan, maybe chinese is a bit late because crypto business is rampant in their country, but ICO ban has strong motive to get there, I think it is not permanent and will be reopened if chinese crypto system is ready as soon as possible.
Could it be possible that China's ban fits in its plan to gain control on crypto market in China?
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
1/ To temporize during analysing and preparing a regulation
2/ To re-allow Chinese gov-compliant altcoins to the domestic market
3/ Finding a way to still mine BTC while avoiding its massive adoption, promoting an already existing or a newly created crypto
If China ban at temporary . The prices in market will droped down . Many miners will lost they profit if China ban it. That will be more worst and make the prices in market trader from green colour changes to red colour.
China i strongly believe will be temporal and if so will come back even stronger to boost the market. But if china decides to stay out for long or ever still crypto world will grow and the market in China will just relocate to a hospitable region and China will be the looser in the long run. The government knows about this and i believe they will do all they can to get back involve.
we are waiting for this and this is a tough test for bitcoin, of course many bitcoin users in china are panicked and will sell any bitcoin price, may the Chinese government cancel the permanent banned plan.
The might just be manipulating the market..
Chinese give loss to the market and if they are temporary or permanent now there is no place for them into bitcoin they can join as investor and in future they will never ever to think about harming it and holding price in their hand bitcoin has proved that china is nothing and china will regret about their decision and will beg to join again.
Banned temporarily or permanently I think it does not matter because bitcoin users are spread evenly around the world and I'm sure users from China are also easy to transfer bitcoin to other countries because bitcoin can be stored in web wallet.
I'll be not surprise if one day China will decided to adopt bitcoin in their economy because seeing the stability of bitcoin nowadays it is very likely that bitcoin will have a big part in the global economy specially now that it is accepted world wide. I think China will realize that they need to adopt with the growing technology.
Probably china banned temporarily the bitcoin because they wanted to regulate the ICO's. This stragegy might result to a low exchange rate. As soon as china lifted the ICO's they havr already a savings for as to invest in any forms of investment.
I'll be not surprise if one day China will decided to adopt bitcoin in their economy because seeing the stability of bitcoin nowadays it is very likely that bitcoin will have a big part in the global economy specially now that it is accepted world wide. I think China will realize that they need to adopt with the growing technology.
Maybe, but I'm fairly certain that isn't the plan right now. The government definitely realizes that Bitcoin and blockchain technology is here to stay. That's why there is a smartphone app available called "Blockchain e-Wallet" that was designed by the Bank of China, according to cnLedger. It will be linkable to Bank of China debit cards. There's no evidence that it will compatible with real cryptocurrencies like BTC -- I imagine it won't.
I guess those who believe that cryptocurrencies are merely payment rails might actually fall for such apps. Maybe that's the point.
I'll be not surprise if one day China will decided to adopt bitcoin in their economy because seeing the stability of bitcoin nowadays it is very likely that bitcoin will have a big part in the global economy specially now that it is accepted world wide. I think China will realize that they need to adopt with the growing technology.
According to a post by Forbes, The Chinese ban might be temporary because they want to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. So if the ban was to be lifted today or anytime soon, how prepared would you be to make a great opportunity out of it since it only means two things, a massive price increase or decrease
Source: https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09
Source: https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/2/#1c8055057d09
First of all the China influence is almost* gone, the market now represents all other countries combined. And it is doing very well.
Second. China will definitely come back in some level because it si just plain stupid not to. This is too big industry to do so.
*there should be considerable amount of Chinese players in the market right now who are bypassing this ban.
In case of good news from China, it would wonderful for all of us who are invested.
Jump to: