What if China ban was temporary - page 6.

blockman

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Quote from: Voice-Of-Reason on September 30, 2017, 02:11:20 PM

Could be, but obviously pure speculation...

I guess they would have an expensive return to the bitcoin market ;P

I doubt it that they will just leave the game of money making on this stage easily. And that's possible to happen when they return that would be the time that it will be an expensive return for them. We will be able to see on how the price of bitcoin will be increasing quickly again or this will be the time that we will see them making a comeback that can pull the investors back to bitcoin and will be able to reach and see a 5 digit -coin.

razzbee

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Actually, this isn't the first time Beijing is going after innovations that threaten that. Back in 2011, a few months before the 18th Communist Party Convention, the party leadership at that time went after a controversial Chinese corporate structure, Variable Interest Entity (VIE). This structure had allowed Chinese companies to list their shares on US exchanges through “reverse mergers”—a strategy that drew the scrutiny of US regulators, due to a string of accounting irregularities among these companies.

Soon after, Chinese Internet stocks crashed. But judging from the performance of Internet leaders like Tencent, Baidu, Alibaba, and scores of smaller Chinese Internet companies in the last five years, the crash was temporary, as new regulations put in place faded away or were circumvented.

Well Let's stay calm to see what happens next

boyptc

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Quote from: razzbee on September 30, 2017, 01:33:31 PM

According to a post by Forbes, The Chinese ban might be temporal 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 won't be lifted today, wait for it up to 15 days and we'll know if that ban is really temporary. We can't get a fact news on what's really happening on China as the twitter accounts of the well known big bitcoin personalities on China are where everyone is getting the source of it. I know that China will not leave bitcoin alone or let their citizens migrate to other countries just to keep their business alive.

Voice-Of-Reason

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Could be, but obviously pure speculation...

I guess they would have an expensive return to the bitcoin market ;P

Youghoor

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Nobody knows what was the real porpuse of China, i only know that they dropped the price a lot, but we are recovering from that dump, it would be a slowly proccess but we are already on 4,4k, we have to reach 4,9 and we would be there. anyway, i dont understand the real purpose of all of this mess, maybe it is because they wanted to lower the prices in order to buy more, but nobody knows it.

thebanker28

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Quote from: razzbee on September 30, 2017, 01:33:31 PM

According to a post by Forbes, The Chinese ban might be temporal 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 is pretty likely that China will regulate ICO's and crypto exchanges in general, China has a reputation for liking to control things - think of the great firewall of China. Once there is some rules and regulation to follow in China, it is probable that it will be business as usual again. This could actually be a good thing in total for Bitcoin and other crypto currencies as well.

w5pn73

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Doesn't really matter if China keeps the ban on ico's. As long as they'll leave Bitcoin alone Grin

Merovius

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Yes, I have been thinking that the ban may be temporary also. It is possible that China will keep the ban on ICOs (or at least the questionable/fraudulent ones) but gradually allow exchangers to begin operations again after setting uniform rules and regulations. It does not make much sense for China to want to ban bitcoin completely, especially not if they can find a way to benefit from it financially, perhaps through taxes/fees or by simply trading the cryptocurrencies themselves and playing the market.

TrueAnon

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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.

razzbee

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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

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