Topic: Why China is always bad news for bitcoin? (Read 812 times)
China has a long history of controlling the internet. They definitely would not going to leave something so decentralized and distributed unmonitored.
Why are you so focused on China anyway? They are not the only big country involved in Bitcoin and the role of China is not so important like people would like to think. And don't forget that not all news that come from China are true so don't exaggerate the consequences that might happen.
This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
I hate Chinese, sometimes they make false information to force the bitcoin prices down and of course they will buy bitcoin when the bitcoin price is low.Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
i also still confuse about china giverment decision.
it is start from mid of 2017 when BTC reach 5k USD,china begin to try kill cryptocurrency.are they so scared with blockchain technology ? or they scared Cryptos will replace their CNY ?
The Chinese government always wanted to control things in their own way, yet the bitcoin is fully decentralized and highly secured. The bitcoin was invented as a peer-to-peer digital currency backed with strong encryption. The bitcoin is a revolution that is changing the world by providing privacy and freedom to the people which is what people want everywhere across the world. I think the Chinese government sees there is no way to control bitcoin that is why they decided to ban it.
form the beginning china is very unpredictable, i don't know why but when i see that country many weirdness thing happen in that country. and my prediction chine banning ICO and cryptocurrencies is just fake, maybe they make that rules to makes bitcoin price is down and they can buy more bitcoin. lol its just in my imagination 
Always bad news about bitcoin in china because its goverment banned bitcoin for citizen. And I think this country will make other cryptocurrency by own country that be rival of bitcoin.
I think Chinese government is not able to face all those economic problems which rise from cryto trading and mining in their country.
i think becuase the china goverment know that they are one of the biggest cryptocurrency users, china wants to control the price of coins in the market according to their interests. I just read a thread a few weeks ago, explained a fact that china always do ban and unban cryptocurrency every year and currently, Jan 2018, china threatens to ban bitcoin causing bitcoin decline.
This may be because the government doesn't want their people to directly get involved into crypto currencies like bitcoins and ETH or maybe because they want their nation to use their own crypto currency that they may release to benefit their government economically .
because Chinese state assets have large investors, they are afraid if investors switch to using crypto instead of saving their money in the bank. hopefully this is only temporary because of the progress of blockchan technology is very beneficial to the progress of a country, and hopefully China legalize crypto back in the country.
Bitcoin has been known as a paradise for Bitcoiner as it holds more than 60% of Bitcoin. But as more and more people in China invest in Crypto, the economy of the country is affected, and the projects do not call for capital because almost all investors here turn their assets into crypto. In particular, many people here try to launder their money by converting them into Bitcoins illegally.
Bcos china have their own coin, so.they will not think the good of bitcoin. They want people trust to their coin.
At present, China is the country that holds the most bitcoin. Many Chinese investors also want to jump into this market. Plus, many of the older investors holding bitcoins want to increase their bitcoin amount. So they constantly manipulate the bad news to bitcoin away to facilitate their purchase campaign
China being bad news for bitcoin has become a type of meme now it seems like every month there saying some kind of ban or something and it dumps then goes back up
I think this is all because the government is trying protect it's currency knowing that citizens are far more using into digital money than they're paper money seems threatening and they've become giants in bitcoin community. So they've have to take action to save their centralized currency from getting bested by crypto currencies.
This is a stupid country.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.
The main reason for this why china always spread bad news of bitcoin digital money currency its because they want to competent bitcoin. They want to make their own cryptocurrencies. That why their government planning to crackdown bitcoin and limits the electricity use by the bitcoin miner's.
This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
Love them or hate them, the fact is that most of the cryptocurrency activity comes out of Asia, and China is a large part of that. So when the Chinese government starts to impose or threatens to impose restrictions the danger is that they are cutting off a huge supply line of investors in that area. If I said I was banning bitcoin in my house, it would not move the markets, because I am not even a rounding error with the market. However if China says it then it is talking about potentially restricting billions of dollars worth of cryptocurrency
This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Cause of its pumpers/ dumpers, Spreading FUD, China is the worst possible example for bitcoin.
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Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks
They don't want their economy to be seen as a decentralized place where they cannot control anything. They don't want their citizens to eat fruit so they are cutting the trees down >> with reference to Not allowing them to mine bitcoins will reduce after spam tx(s) on the blockchain as most of the hash rate generating from China would be gone. Unless everyone uses lightning network but that is also a temp solution.
China is the fastest growing economy in the world as a way of transacting business bitcoin has a great impact to move wealth with very swift move
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