What if China ban was temporary - page 2.

manchester93

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Quote from: Social_Cryptonetix on October 03, 2017, 07:50:23 PM

We already reported this thing on our blog! There is every chance that this ban is only temporary and over next few months, it could be a reversal in this decision. But, there is no one who can say anything either way with certainty.

It's anyone's guess at this point. The CCP and PBOC are incredibly cryptic when it comes to new regulations. At least one official has suggested the ban is only temporary, but that doesn't mean anything in the scheme of things. There is often internal disagreements and power struggles in such Party deliberations.

In regards to cryptocurrencies, I suspect the exchange ban is temporary, and we will see licenses and regulation forthcoming. With ICOs, it's anyone's guess.

Social_Cryptonetix

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We already reported this thing on our blog! There is every chance that this ban is only temporary and over next few months, it could be a reversal in this decision. But, there is no one who can say anything either way with certainty.

mevmike

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For me it is not really important if the ban China has created is temporary or not.
But i just wanted to point out that whenever they will lift the ban again.
They should not be doing another ban on any other cryptocurrency dealings in the future.
Because by doing this decision making of banning then withdrawing it again would give their government leaders weak image around the world.
I believe that as a leader you should be firm with your decisions.
Cheesy

razzbee

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Quote from: lalabotax on October 03, 2017, 03:46:04 PM

maybe i do not agree with what you think. it seems that china is serious about not re-engaging, as chinese backgrounds tend to adopt more or make duplicates similar to bitcoin to apply in the country

but do you know they did banned it before and lifted the ban, but I have also heard about the background coin China is supposedly is creating.. but time will tell

lalabotax

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maybe i do not agree with what you think. it seems that china is serious about not re-engaging, as chinese backgrounds tend to adopt more or make duplicates similar to bitcoin to apply in the country

razzbee

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Quote from: dasdo on October 03, 2017, 11:28:02 AM

I am inclined to think that this ban is really a temporary phenomenon. Moreover, news is already coming out about the lifting of the October 18 bans and China's crypto currency regulation. So everything will be fine, especially in the long run.

Yea, I think so too

maciak

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I dont think what is temporary

pitiflin

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Yes even I heard the rumors stating that the ban was temporary and China wanted to scare people by making a statement in the form of banning ICOs and exchanges. Though I don't know what is going to be the state of ICOs in china and South Korea ,but exchanges they will be back. And if china comes back before October 10 ,that's what rumors and sources say,the price will increase again. So why not I am ready for it.

stompix

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Quote from: razzbee on September 30, 2017, 02:33:31 PM

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

Them claiming the ban was temporary and bitcoin or bitcoin exchanges or ICO's are legal again will be the worst thing possible.

The only certainty we have at that moment is that we will get another round of them "banning" bitcoin again.
No!And no again!

This circus must stop once for all.
Bitcoin is now in the same price range, everyone has got over the initial shock, everything is still fine even without China, so let's stop.
The wanted this "ban" now let it be "banned" till the great wall crumbles.

Wipro

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Quote from: carlfebz2 on October 03, 2017, 02:16:00 PM

Quote from: TrueAnon on September 30, 2017, 02:38:08 PM

Not really news, it's pretty much what everyone has been thinking so far. They only want to be sure to stay in control and thus they wanted to regulate it first.

This is the thing on which most people do really think off.Even myself do believe that those banning incidents or news are just really temporary they cant really impose a total ban since they know they can able to benefit from it and the main thing they do really want from here is they would able to control such thing.They do love to regulate anything as they like.lol

It has been implemented in China to manipulate the bitcoin none other issues bro. Soon they taken off this ban and they will use the bitcoin also legal in their location. Some of the people feel fear because of this ban and bitcoin value goes to 2k back but it will never happened since we are seeing more adoption on bitcoin and ethereum recent days. Let them regulate slowly.

subSTRATA

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:^)

Quote from: jorneyflair on October 01, 2017, 04:34:22 AM

Quote from: razzbee on September 30, 2017, 02:33:31 PM

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

It doesn't really make sense to me why they would want to ban ICOs or bitcoin exchanges. I mean it has nothing to do with its upcoming party convention whatsoever. I feel like this is probably going to be an indefinite ban.

However, if it was temporary, and when it is lifted, then price will defintiely go straight up.

There is no doubt about it. People are already extremely bullish now, they'll even be more bullish when that happens.

i would like to hope that it's an interim ban until the regime can figure out its definitive stance on bitcoin and how exactly to regulate cryptocurrency related items in order to provide an safe environment for its users. however, knowing china, that's probably the less likely of the possibilities. as for banning ico's, i think that's because the chinese government doesn't exactly like the idea of a decentralized project that they have near zero control over. i have doubts as to weather or not the price would go up in the case the ban would be lifted though, it might be lifted with harsh restrictions that might as well be worse than a ban. honestly wouldnt put it past the chinese government to do such a thing.

william8829

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If it is temporary then this is good news. China is a huge country with a great deal of wealth. Its economy is growing fast. I hope that China will end its ban on exchanges soon.

happyme1818

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Quote from: razzbee on September 30, 2017, 02:33:31 PM

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

We already expect that to happen because they already do that before. They think they can manipulate bitcoin but they failed.It will surely lifted because their action didn't made a huge impact in the price. As long as Japan is on our side,China will have a hard time crashing bitcoin price.

carlfebz2

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Quote from: TrueAnon on September 30, 2017, 02:38:08 PM

Not really news, it's pretty much what everyone has been thinking so far. They only want to be sure to stay in control and thus they wanted to regulate it first.

This is the thing on which most people do really think off.Even myself do believe that those banning incidents or news are just really temporary they cant really impose a total ban since they know they can able to benefit from it and the main thing they do really want from here is they would able to control such thing.They do love to regulate anything as they like.lol

ahmad21

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Quote from: razzbee on September 30, 2017, 02:33:31 PM

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

The whole world is thinking so. Yes this can be a possible explanation for the ban but still there is no specific date as to when this is going to happen. Days, weeks or months who knows?

smith136

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that is a good news for us if that is the case, maybe they just want to get rid of those ICO scam afterall. China has been a great market for bitcoin so if they lift the ban on bitcoin it might cause an uproar there, chinese people will make a comeback to the market and i can fairly see that bitcoin might go $5000 at the end of this year.

sijonru

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maybe you are right, but anyway china ban has made us see how china attack bitcoin and play massive rumor, maybe they will come back? Let's see

Adioliver

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The recent scenario of China banning ICOs resulted in a great downfall of the value of bitcoin.It almost dropped by a whooping amount of $1000.This left many bitcoin users shocked and created a lot of panic due to which many of the bitcoin holders sold their bitcoin.
If this ban turns out to be temporary then the bitcoin value will rise for sure. The price could even reach $6000 perBTC.

Destroyeroff98

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If China lifts the ban, then most likely bitcoin will "take off" in value.
I think this is a short-term ban and China will soon be on the market.

Ariess

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Quote from: razzbee on September 30, 2017, 02:33:31 PM

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

we have discussed this with some members of the facebook group.
I have confidence, that china is not really with the ban, yes as you say it is only temporary. let's see what happens next.

Topic: What if China ban was temporary - page 2. (Read 1556 times)