What will happen to the china based cryptos ? - page 2.

Manuj

full member

Activity: 269

Merit: 102

Quote from: SushGo on September 16, 2017, 06:38:10 AM

Quote from: Patatas on September 15, 2017, 07:14:37 PM

Quote from: equator on September 15, 2017, 06:38:24 PM

All are dead and no more new coins and which ever have started now they have to dilute their funds or else they are going to face a law problems.

Stop with the FUD man! There are no apparent conclusions that the coins will be dead or the ban is going to wipe out the entire crypto-scene.Chinese government is just paranoid with the missiles flying from the North Koera and hence panic banning their un-taxed businesses.Jokes only!

Quote from: Poink on September 15, 2017, 07:09:46 PM

Worst case scenario, the company will be "sold" off-shore (outside China). Wink

Yes and the team will move to another country to operate the project from off-shores,well only on the papers.They all know how to do cloud computing. Wink

Agreed with you, China has taken few preventive measures due to some undisclosed reasons. As per me, China may lift all the restrictions regarding cryptocurrencies after the re-selection of president Xi Jinping in the upcoming meeting of the congress.

Why is the name of Xi Jinping dragged into the current discussion? The ban has always been believed to be temporary. There will not be such permanent law because the world is actually turning on the side of crypto. ICO is one instrument normally used by crypto in promoting a certain project.

shirokumo

newbie

Activity: 42

Merit: 0

If you follow crypto Youtuber's like Boxmining and others, they will tell you China will regulate and potentially allow cryptocurrency exchange in the future: https://www.youtube.com/watch?v=rIVKeaRXOpo

FrankNoland

copper member

Activity: 560

Merit: 253

Quote from: catlovedog on September 15, 2017, 06:29:00 PM

What will happen to the china based cryptos ?

I don't think that the Chinese ban will affect the Chinese coins in anyway, I have read a lot people panicking that the Chinese coins will drop to zero and they ended up selling their Chinese coins. We should actually consider this crash as the opportunity to buy more Chinese coins. I bought recently some neo and qtum, since I have a believe that nothing will happen to Chinese coins. As you have already seen that they are already picking up on coinmarketcap, just hold.

Elena_Rodriguez

jr. member

Activity: 58

Merit: 1

I guess,

They will be given more months time to settle down their bitcoin and transactions

Here is an yet another released today: https://coinpedia.org/news/huobi-okcoin-btcc-viabtc-will-stop-trading/

virgojeep

sr. member

Activity: 252

Merit: 250

The Chinese government plans to make a state run exchange that only allows dogecoin 🐕

buxlover

full member

Activity: 224

Merit: 100

Off course every currency in the china might be dead by now. That's what will happen and has happened by now. I'm sure people might have gone crazy by now as they might be losing lots of investment they had. Just imagine if we had couple of thousands dollar and they are just lost within a night time then you can imagine what can happen to us. It's bad very very bad if it happens. China might be regretting by now about whatever happened and nobody will again trust it.

tanghere02

sr. member

Activity: 518

Merit: 250

Maybe some will be dead or have already sold off all of their coins because of the news about china and the closing of the exchanges. And we'll never know this is just a temporary thing, nothing had been confirmed yet if this will be taken into action forever.

SushGo

full member

Activity: 126

Merit: 100

Quote from: Patatas on September 15, 2017, 07:14:37 PM

Quote from: equator on September 15, 2017, 06:38:24 PM

All are dead and no more new coins and which ever have started now they have to dilute their funds or else they are going to face a law problems.

Stop with the FUD man! There are no apparent conclusions that the coins will be dead or the ban is going to wipe out the entire crypto-scene.Chinese government is just paranoid with the missiles flying from the North Koera and hence panic banning their un-taxed businesses.Jokes only!

Quote from: Poink on September 15, 2017, 07:09:46 PM

Worst case scenario, the company will be "sold" off-shore (outside China). Wink

Yes and the team will move to another country to operate the project from off-shores,well only on the papers.They all know how to do cloud computing. Wink

Agreed with you, China has taken few preventive measures due to some undisclosed reasons. As per me, China may lift all the restrictions regarding cryptocurrencies after the re-selection of president Xi Jinping in the upcoming meeting of the congress.

crismass1225

member

Activity: 98

Merit: 10

all of you saying that all coin based on china are dead, you need to shut you mouth for a moment as there are no statement about it. Everything are speculative and more are FUD, just think about it, prominent people/billionaire and politician in china was invest in crypto and in just one click thier investment are getting ripped off, do you thing they will let this happen? and you all down to your conclusion that coin based on china are dead. in addition their no statement coming from Chinese government that everyone who started a new coin will face law enforcement. As far as I believe China take this action as they see that the Cryptocurrency are getting more bigger and prone to scammers and fake companies. so they need to stop it to see whos the real deal to invest and they regulate it.

Selfpay - Raphael

newbie

Activity: 12

Merit: 0

Is there any member of the forum living in China that could potentially shed some light on the subject ? that would be awesome

rivoke

legendary

Activity: 924

Merit: 1006

Quote from: catlovedog on September 15, 2017, 06:29:00 PM

What will happen to the china based cryptos ?

I think Chinese government did not shut down permanently , they just want to make policy against bitcoin in order to protect people from money laundry etc
I'm sure that Chinese exchanger can be operated once again in the future but with restrict term that have been apply by government

limmousine

sr. member

Activity: 546

Merit: 251

With the presence or absence of china participate in the crypto i think the crypto world will keep going and btc also alt will soon go to moon leave china Roll Eyes

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Nothing different from what was ever going to happen to them before this month. You should pay more attention to the news you read. Even the fake news and rumours say nothing about moves against China-based cryptos. ICOs are a different matter and arguably most are just tokens, not crypto. Exchanges are not crypto.

bittraffic

hero member

Activity: 3038

Merit: 617

Are the tokens I have in binance exchange going to be okay or should I just send them to another wallet? Binance they say is a Chinese exchange but will it be affected? I have been with binance since they launched and find their services quite superb.

pineapplecharm1

newbie

Activity: 29

Merit: 0

Quote from: equator on September 15, 2017, 06:38:24 PM

All are dead and no more new coins and which ever have started now they have to dilute their funds or else they are going to face a law problems.

Hahahah saying NEO is dead? Makes no sense.

masterwakokok7

member

Activity: 112

Merit: 10

Chinese Government would be required them to abolished it all upon lifting the ban. Most likely Chinese businessman and/or devs are not dumb enough not to have contingency plans. Though the effect of this scenario will not only affect the Chinese investors but most likely the whole investors in the crypto world. Not unless that these Chinese Devs will still continue to make their cryptos working under the radar of the Chinese Government, which they need to at least operate their businesses outside the country. This is not only to save their cryptos but also to minimize further damage to their company.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

in my opinion if you can call something "China based coin" or generally if you can limit it to a country then it is already dead as a cryptocurrency project.
one of the main things about cryptocurrencies and all the projects involving the technology, is the decentralization. if you take that away you are taking away one of the main reasons they even exist!

NJB18

sr. member

Activity: 663

Merit: 250

Most probably they are going to dive continuously, until such a time when their country will put in place some version of a new regulation that would somehow stabilize the situation regarding cryptocurrency and as well as exchanges in their country. Until then, the diving is going to be nonstop.

danbitcoin1

member

Activity: 336

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

well its obviously not good news for them and every bit of tiny bad news tanks the price in crypto lol

bengems

full member

Activity: 266

Merit: 100

Their prices will tank seriously, then after a solution is found people will start buying back at the button. I don't like engaging myself in anything Chinese now. Chinese = trouble

Topic: What will happen to the china based cryptos ? - page 2. (Read 1374 times)