what's the future of bitoin in china ？ - page 2.

Vendetta666

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Quote from: Sharon520 on September 22, 2017, 06:23:00 AM

I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions

You do not have to ask this question. Because their bitcoins are illegal it is a major obstacle to their government's thinking. And they have nothing to do with it. Thus would the future of bitcoins is a reproach to them that they should not be made. Because future bitcoins are good for our people who know it. And people in their countries would of course be lonely and angry with their government

dasdo

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it seems to me that all these prohibitions are temporary. Soon they will be canceled, because the market is very young and promising, it all begins only because of it there will be a war for the first place among the countries - leaders on the planet. China made this statement most likely for a strategic move. Perhaps they want to create their own crypto currency, the equivalent of USDT, which can significantly affect the further development of events.

Snaic

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In my opinion, China's government will not be able to prohibit the circulation of crypto currency in its country. Apparently, they themselves have already realized this. It is also believed that these restrictions were taken before the 19th Party Conference of China, which will be held on October 18. In addition, bitcoin has already shown its vitality and could quite manage and yuets of China. Therefore, the future of bitcoin is unequivocally.

DoublerHunter

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The future of bitcoin in China is now gone since they are trying to ban all of the exchanges in their country and i think that it is the end of the era of bitcoin in china and users in that country will migrate to other countries that enables bitcoin exchanges and other sort of transaction that is related to china. The future of bitcoin is not only in China because it is depending in almost all the countries and we can make things better even without the help of chinese people.

aoluain

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I would like to think that after the dust settles in China
and the authorities tackling ICO's and the Licensing of
the Exchanges takes place there will return the trading
of Bitcoin, but for the moment there is a lot of uncertainty.

In the long run regardless of what happens people in China
will continue to find a way to e involved in Bitcoin.

after all it is decentralised Grin

TheGodson

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China does not like bitcoin and so it will not survive there. Hopefully the rest of the world will see it differently in the future. The bans on exchanges is only the beginning for China. China is going to stop bitcoin from circulating in their country to the best of their ability. I don't think there will be many Chinese people into bitcoin in the future, sadly.

hello_good_sir

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Quote from: Sharon520 on September 22, 2017, 06:23:00 AM

I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions

I honestly expect that the chinese government is simply going to continue the persecution of bitcoin and they may even start targeting individual bitcoin users inside the country. That's just my feelings based on how things are going right now with new bans and stuff.

Though, the more one tries to persecute something, the more attention it will get. Plus, bitcoin can't be shut down like PayPal, because of its decentralized nature.

Bitcoin in China is far from over. It may seem like it is because of chinese government banning exchanges, but chinese bitcoin users will continue to use bitcoin just like they did before, just without exchanges(they can always trade in private).

Black Angel

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Although the Chinese government banned bitcoin, but I'm sure chinese users will never leave bitcoin, they will continue to live with bitcoin and maybe they will not be affected even though their country is banned bitcoin.

glowing10

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Quote from: xiboothrezi on September 26, 2017, 04:18:04 AM

Quote from: bitbunnny on September 22, 2017, 10:36:04 AM

Bitcoin will survive in China, that is sure. All this happenings are actualy try to regulate the Bitcoin not to destroy it. I think China is still interested in Bitcoin and they are not so sensless to go into some destroying campaign against Bitcoin. All this will be in their favour at the end but on long term it will not harm Bitcoin either.

yes, china does not banned bitcoin, just banned ico. I think that bitcoin is still allowed. as you say, the ico ban is to make bitcoin better there.

Yes this could be one of the reason beacuse through ICO many would raise the moeby and then it may turn out to be a scam this causing a lot of grievances from all the investors as their money is lost . This to save the money of people I think this step is being taken .

xiboothrezi

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Quote from: bitbunnny on September 22, 2017, 10:36:04 AM

Bitcoin will survive in China, that is sure. All this happenings are actualy try to regulate the Bitcoin not to destroy it. I think China is still interested in Bitcoin and they are not so sensless to go into some destroying campaign against Bitcoin. All this will be in their favour at the end but on long term it will not harm Bitcoin either.

yes, china does not banned bitcoin, just banned ico. I think that bitcoin is still allowed. as you say, the ico ban is to make bitcoin better there.

michellee

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Quote from: Ewox on September 26, 2017, 03:47:38 AM

In the end China will still return back to investing in Bitcoin, that's for sure. They are still trying to figure out how to regulate the usage of cryptocurrencies as of now. Time will tell and we will all soon know by then what will be the outcome of the banning of exchanges from their country.

i hope so but if they don't want come back, I think its no problem because we still have many country and many people which still want to using bitcoin for many ways. I think in future, they will regret for banning bitcoin and they will join with us again and like you said, only time will tell and we will see later. while we are hope, lets we see what will happen in the end of this month.

bs9

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Quote from: Sharon520 on September 22, 2017, 06:23:00 AM

I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions

Now many ico project scam and many people lose for that. So china block some ico and try to checked any ico before launched. We heard a news china ban bitcoin and crypto currency sep 30.So we need to wait sep 30 what will be going on crypto currency market.

Ewox

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In the end China will still return back to investing in Bitcoin, that's for sure. They are still trying to figure out how to regulate the usage of cryptocurrencies as of now. Time will tell and we will all soon know by then what will be the outcome of the banning of exchanges from their country.

Kyraishi

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Quote from: Sharon520 on September 22, 2017, 06:23:00 AM

I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions

It really depends on how the Chinese government will go about regulating it. Personally i believe that they are going to try to ban as many aspects of bitcoin as they possibly can but leave SOME opportunities for people to still learn about it.

Chinese bitcoiners will still be using bitcoin, and trading it, even when exchanges get shut down. They can simply trade with each other and not via an exchange, or even use like LBC.

That is exactly why bitcoin is so powerful, it can overcome government censorship and bans, because it is decentralized.

bubblebit

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The poll table I think not necessarily. And 1 and 2 option seems confusing like the question itself 111? edit it Op to make it worth the vote.

China is always been like this since before making unnecessary noises and actions still worked anyways. Big Traders and whales are taking advantage to it and that's how they can manipulate how the market may look like a red one - or greeen + one. Still I can see the bright future of cryptocurrency in china but not specifically on bitcoin because they might planning to make a new one.

giveen

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God knows we all are aware of the different rumours spreading that exchange ban is temporary and other sorts like china introducing their own crypto for trading in their currency this is not completely true there will still be many issues as china also is gonna block all vpn by 2018 not sure why this would be required if they are going to give licenses to exchanges.

Sharon520

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Quote from: xuan87 on September 22, 2017, 07:18:19 PM

Yeah recently China has been really strict about crypto currency, no more ICO can be launched until a further notice and Bitcoin future seems a bit unsure, actually the government want to try to regulate it, but seems like hasn't found the key, but the situation for Bitcoin in China is not really good

yep,need time to improve . in my opinion china's government is gonna perfect the supervision system then open the trading market again.

Sharon520

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Quote from: PokerFace3 on September 23, 2017, 04:21:45 PM

Quote from: bitbunnny on September 22, 2017, 10:36:04 AM

Bitcoin will survive in China, that is sure. All this happenings are actualy try to regulate the Bitcoin not to destroy it. I think China is still interested in Bitcoin and they are not so sensless to go into some destroying campaign against Bitcoin. All this will be in their favour at the end but on long term it will not harm Bitcoin either.

If you are only talking about China then don’t worry they are only making their own market and this all drama was only created to show the world that China have some strong hands in this business. So, what China, every other country will be going to accept it and bright is the future.

i agree with you guys. in my point of view China's govvenment dosen't want Bitcoin trading out of their control. there isn't any statement that said bitcoin is illegal.

PokerFace3

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Quote from: bitbunnny on September 22, 2017, 10:36:04 AM

Bitcoin will survive in China, that is sure. All this happenings are actualy try to regulate the Bitcoin not to destroy it. I think China is still interested in Bitcoin and they are not so sensless to go into some destroying campaign against Bitcoin. All this will be in their favour at the end but on long term it will not harm Bitcoin either.

If you are only talking about China then don’t worry they are only making their own market and this all drama was only created to show the world that China have some strong hands in this business. So, what China, every other country will be going to accept it and bright is the future.

alexsandria

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Quote from: Sharon520 on September 22, 2017, 06:23:00 AM

I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions

We don't actually know the future of bitcoin today in china because we lived in the other country but I guess based on the articles and different post here in forum all I can say is that bitcoin will be somehow hard to exchane because we all know that they banned the other exchanger there. And I guess the rate of usage of bitcoin in china will be slowly rising because of the issue.

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