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Topic: what's the future of bitoin in china ? - page 3. (Read 1412 times)

legendary
Activity: 3178
Merit: 1054
September 23, 2017, 12:47:42 AM
#32
bitcoin i just being regulated and will soon be bigger. the revision of the law will make the always help the regulation and along it more and more people are going to be introduced to btc. its not just going to be $5K soon but will exceed to what is expected. Jaime bought BTC and i'm not surprise if the rest of the banks are buying BTCs.
newbie
Activity: 5
Merit: 0
September 23, 2017, 12:26:06 AM
#31
Unless china does DPI and intercept every bitcoin operation, how can China  "Ban" bitcoin?  Didn't China just only shutdown exchanges?
full member
Activity: 316
Merit: 110
September 23, 2017, 12:23:39 AM
#30
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

What communist government with a capitalist heart would accept its citizens becoming rich without spending a single cent in their national banks where they can take fees to enlarge the capital of its members, possibly only be a prohibition from the Chinese government to be able to take over of all bitcoin market in China.

I guess even if the government banned Transactions. Some of its users there did not really give up on btc. I mean they must have use overseas transaction to proceed in there accounts.
newbie
Activity: 29
Merit: 1
September 23, 2017, 12:20:23 AM
#29
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

What communist government with a capitalist heart would accept its citizens becoming rich without spending a single cent in their national banks where they can take fees to enlarge the capital of its members, possibly only be a prohibition from the Chinese government to be able to take over of all bitcoin market in China.
full member
Activity: 640
Merit: 104
September 23, 2017, 12:10:19 AM
#28
recently I heard china prohibit the existence of bitcoin in their country, I think this is a bad idea for the future of bitcoin in chinese country itself, because most Chinese people themselves are bitcoin users and this is very influential on the economy of their people themselves .
legendary
Activity: 1148
Merit: 1048
September 22, 2017, 10:33:36 PM
#27
Bitcoin is banned in China. All cryptocurrency is banned until they changed their mind.

well, this is a bit over the top. they arent so much banned at the moment as they are temporarily restricted from being exchanged via formal platform. possession by private citizens is not illegal, and the restrictions are seemingly temporary, at least til they release formal guidance. i think people may even still be able to trade person to person. its just that transactions that would be subject to reporting, are now illegal.
hero member
Activity: 1834
Merit: 759
September 22, 2017, 09:11:28 PM
#26
As far as the near future goes, Bitcoin's future in China seems uncertain. There has been talk about regulating the exchanges, and I believe its future depends very heavily on that. We know that China is one to take drastic steps as far as technology and the internet goes, with the Great Firewall of China and all, but they have been very nurturing to businesses in recent years. I don't know how they usually handle tech companies, but I guess we will see soon enough.

At the end of the day, lenient regulations on these exchanges should help flourish the growth of Bitcoin in their country again, while debilitating regulations is almost certain to stifle it. Either way, Bitcoin will still live. Large amounts of money are involved, so there will always be someone slipping through the cracks. It's just a matter of rate of growth in my opinion.
sr. member
Activity: 532
Merit: 250
September 22, 2017, 07:03:25 PM
#25
You'd have to ask the chinese government. It really solely depends on them and what they want to do with bitcoin regulation in China and it is extremely unpredictable what they are going to do until they do it.

The general trend seems like they are trying to just rid of bitcoin's influence on their country completely, step by step.

I'm not sure how far they would be willing to go to fulfill their goal. Perhaps they will ban miners, ban the use and holding of bitcoin, etc. but in the end, that's all they can do. They can't ban the bitcoin network itself.
legendary
Activity: 1302
Merit: 1027
September 22, 2017, 06:58:51 PM
#24
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

If you correctly check then China wanted bitcoin should be clear with all scams and for that their should be some regulation so that this scam ICO should not ruin the bitcoin users and create bad name for crypto currecy. So i think after the regulation with some time the price will rock back high.
legendary
Activity: 1666
Merit: 1001
September 22, 2017, 06:18:19 PM
#23
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
hero member
Activity: 924
Merit: 502
September 22, 2017, 06:15:29 PM
#22
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.

As people in china choose to be hard headed about this digital currency, I think they will have to be more anonymous this time since their government was being strict to it. It's much better that bitcoin will not be legalized totally in the country, but people will still choose to invest bitcoin and hid to authorities and it could not be controlled because it's decentralized character.
newbie
Activity: 26
Merit: 0
September 22, 2017, 06:14:34 PM
#21
It's easy, if some country not control money - it's control nothing.Its nothing to do with exchanges ,in my opinion ,its all about not let money away from country) How they can regulate this ... ll see)Maybe Jihan has some ideas  Roll Eyes
sr. member
Activity: 585
Merit: 250
PredX - AI-Powered Prediction Market
September 22, 2017, 06:09:36 PM
#20
No one can confirm the future of bitcoin in china, but I think with or without china bitcoin will continue to be popular because users outside china also keep on increasing.
newbie
Activity: 3
Merit: 0
September 22, 2017, 05:53:56 PM
#19
China and most other countries are more interested in Blockchain technology than in bitcoin itself.  For most governments there is no need to have another currency than what is out there now.  Just like China was interested in what Social Media was about,  but not necessarily in Google, Amazon or Facebook.  Which is why it is banned and they have Weibo, Alibaba, etc.  Anything that can be recreated(and owned by them or their cronies) for the Chinese people exclusively is what they're interested in, that's been their political and economic agenda ever since.
legendary
Activity: 1288
Merit: 1087
September 22, 2017, 05:45:20 PM
#18
The future of bitcoin in china is in the shadows at best.

The stronger it gets the more measures they'll put in place against it.

It'll always be a thing there but never above ground is my guess.
hero member
Activity: 672
Merit: 526
September 22, 2017, 05:39:38 PM
#17
Bitcoin is banned in China. All cryptocurrency is banned until they changed their mind.
hero member
Activity: 557
Merit: 500
September 22, 2017, 05:35:22 PM
#16
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
China has not forbidden all ICO and also it has forbidden only those exchanges which have had some illegal transaction, by making profit for developers. Some day i think bitcoin in China would be legal, but all exchangeres and ICOs would be checked by the goverment Smiley

I've heard that China forbidding ICO just because they want to make sure thatthe majority chinese investors will invest in foriegn startups, so they can have more influence on the world. I know that it might sounds a bit crazy  Roll Eyes, but i see that there is something in this rumor.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
September 22, 2017, 05:30:24 PM
#15
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

Bitcoin's future in China is still unpredictable, we don't know what China is planning about bitcoin. Their decisions can't be trace and what I think is that they want to control and regulate the transactions in their country. And later on we will see them again eating their words that they ban ICO's and other stuffs because this will give their government a big profit that will benefit their people.
full member
Activity: 172
Merit: 100
September 22, 2017, 05:26:22 PM
#14
Everything will be okay even without China!
full member
Activity: 364
Merit: 100
September 22, 2017, 05:17:44 PM
#13
China in addition to banning bitcoins, they want to control bitcoin entirely in their country. That's already predictable, because from the first China is known with a country that likes to control the people and technology completely.
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