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Topic: Why China is always bad news for bitcoin? - page 3. (Read 812 times)

member
Activity: 224
Merit: 10
The Experience Layer of the Decentralized Internet
February 03, 2018, 09:34:23 AM
Why would China want to curb the development of cryptocurrency markets?
As is known to all, China's corruption problem is quite serious in this country, so they need to ban cryptocurrency, more and more talents by cryptocurrency transfer assets, then the huge loss of foreign exchange, this is the Chinese government is not allowed.
member
Activity: 196
Merit: 10
February 03, 2018, 09:28:24 AM
Because this is a stupid country, this country has a very serious problem of corruption and corruption.
They will not support cryptocurrencies and bitcoins, which would cause most of their assets to go abroad, which would be troublesome for them to run the country. Anyway, shit China.
I mean if they’re corrupt then the politicians can easily buy some BTC to hide their money so I don’t see a reason why they wont accept it.
full member
Activity: 350
Merit: 100
February 03, 2018, 09:12:32 AM
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 Smiley

I think china began to acknowledge that there was indeed power and money from cryptocurrency and they wanted to have a facade that they hate it that they did by banning bitcoin and other cryptocurrency in china. However I believe that they have found something or into something and that they would unleash it once its perfected and it would be rivalling that of bitcoin
Yeah I bet the Chinese government themselves is also involved in BTC and other crypto mining operation using cheap electricity farms
jr. member
Activity: 74
Merit: 5
February 01, 2018, 03:13:53 PM
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 Smiley
Although China has a lot of bitcoin users the government started recently to prepare a barrier for the bitcoin, since this crypto is hard to control and their government dominates everything on internet, they have found a solution to make it down by making it illegal claiming that bitcoin is a fraud and they have already blocked the trading, bitcoin got weakened a lot because of this disruption though, but i believe this problem will be fixed soon.
full member
Activity: 420
Merit: 134
February 01, 2018, 03:10:42 PM
Well because China is a communist country and always want to regulate things on their own , China is one of the major country that adapted the cryptocurrency . Because of its communist country they just want to control how the money comes and goes even on the cryptocurrency market they just want to get a hold of it and give regulations on how to use them for their country men.
full member
Activity: 434
Merit: 100
February 01, 2018, 02:46:26 PM
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 Smiley

I believe that china is the best place to start an ico business since the value of electricity consumption in their area is very low and statistics in the market is saying that china has 30% of the contribution in the market so i think that china does not always bring bad news at bitcoins at all.
newbie
Activity: 85
Merit: 0
February 01, 2018, 02:22:30 PM
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 Smiley
I do not understand it myself. In China there are the largest farms in the world. Maybe this is an attempt to manipulate the price?
member
Activity: 106
Merit: 11
IPV6 Proxy | AWS Account
February 01, 2018, 02:14:30 PM
It is a little foolish for an advanced and developing country like China to do such a thing. Everything will be fine in the near future, but I hope no one will give up altcoins or it could be the end of many people. Altcoin has always earned more.  Cheesy
hero member
Activity: 1162
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
February 01, 2018, 02:09:51 PM
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.

It's a communist country that is what they do. They also lie to you and say we are all equal. -_-

Now we have to deal with this shit and bitcoin is dipping like crazy over here freaking 9k$ wtf is even going on that government there in China seriously. When will the people rebel against it? Oh.... It's because they have already been brainwashed by the government.

China does not know da way!!

I hope the dust settles soon and China just goes away and stays away. The number of coins in distribution will bring the price back up if we completely ignore China because their coins won't be among ours. Let's just exclude them, it seems that is what they really want. I actually think this is a good thing. Once Bitcoin goes back up and is more stable the price will go up even more because we won't have to compete with so many Chinese miners with free/very cheap electricity.
jr. member
Activity: 201
Merit: 1
February 01, 2018, 01:49:11 PM
My opinion, despite banning bitcoin, but as one of the virtual currency trading centers in the world, I believe what the Chinese government is doing now is just part of China's strategy to hinder the rate of bitcoin transaction development, because China wants to create and owns a legitimate crypto from the government, and could be more profitable to the state.
Because so many things were previously banned in China, but they eventually made themselves and succeeded and benefited the Chinese government itself...... Smiley
full member
Activity: 378
Merit: 100
February 01, 2018, 01:08:53 PM
Based on what I see and read from the articles. China has withdraw to the bitcoins from their investment.
It is a bad news since it really affects the company and market value of bitcoin; but somehow USA is always to the rescue to save and prevent the company in a big loss.
full member
Activity: 448
Merit: 100
Lets Go Adab
February 01, 2018, 12:13:23 PM
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 Smiley

There is an incident before where icos has been banned on china and that is the bad news since professional crypto analyst are saying that china has the 30% of contribution on the market. The country china has a lower electricity consumption bills and it was really good to run your mining rig on their area, obviously they are getting a lot of profit from it.
member
Activity: 378
Merit: 19
Xch4nge.com
February 01, 2018, 12:09:42 PM
China is indeed funny, wishy-washy, has no stance, like a 5 year old child. Their rules aren't qualifid and volatile such as bitcoin price in exchange markets.
The actions of the chinese government have a major impact on bitcoin, as China is one of the largest users of crypto.
full member
Activity: 490
Merit: 100
February 01, 2018, 12:00:24 PM
because there should be a good cop and a bad cop. that will be always like that.
this is the natures regulation about goodies and it makes the goodies better Smiley
Hope and hope makes things well! So yeah it is true sometimes they say bad about bitcoin but then again they tell us some good news related to bitcoin, as much as China concerned they really don’t trust bitcoin but mate some of their people who live in china but use to buy online good with bitcoin, it will not affect bitcoin importance worldwide! Because it is now very famous and no country can make bitcoin down completely.
newbie
Activity: 28
Merit: 1
February 01, 2018, 11:20:41 AM
I want to think that there is. China's culture is very closed both within its social structures and its economic systems, but entrepreneurs who are committed to achieving economic improvement must risk taking control of bitcoin and the free economy.
full member
Activity: 406
Merit: 100
February 01, 2018, 10:51:19 AM
The Chinese government is afraid to let something they can not track in their country. Sooner or later they will be forced to accept bitcoin
sr. member
Activity: 658
Merit: 256
February 01, 2018, 10:50:08 AM
China like to control everything which includes its national currency CNY. So it is not surprising.

But the way China handle crypto with news that ban crypto and then news that say it is all fuds. It is really questionable whether the government officials are trying to manipulate Crypto prices.
legendary
Activity: 2030
Merit: 1028
February 01, 2018, 10:24:38 AM
They usually will try to adapt things and make a great copy for anything so in bitcoin case, everyone will try to adapt bitcoin.
As I know , Chinese population is big so that's become the advantage for Chinese to adapt bitcoin for their own good.
Of course it affect on bitcoin value around the world !
full member
Activity: 602
Merit: 118
February 01, 2018, 10:21:27 AM
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 Smiley

With the robe of his greatnes, the Chinese government destroyed the bitcoin, then they wash it and clean it up, after that they force the bitcoin to run as fast and as far as possible, then the Chinese government chase it back and they do the same thing like that has happened brfore.

I think, bitcoin has been considered, as guinea pig by the Chinese government.
full member
Activity: 462
Merit: 100
MYCRYPTOBANK.IO
February 01, 2018, 09:18:47 AM
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 Smiley

They always come up with issues and bad news about bitcoin.
It is clear that lately, China has slowly attacking the world of cryptocurrency. Starting from bitcoin regulation in the country, banning Initial Coin Offering (ICO), and now they are attacking miners in their own country.
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