Topic: Why such a crash in China? - page 2. (Read 3386 times)
There is no collapse with respect to crypto currency in China. According to official statements from China, measures are being introduced to clear ICO of possible fraud and protection of investors' rights. There are indeed problems in this area. As for the ban on trade in crypto currency, it is probably related to the ICO and when solving this problem, the restrictions will be lifted.
What we see is emotional sale. Everybody think that its going down so its better to get off and get on later when market hits the bottom. Cryptocurrency volatility is awesome. If you are long term investor it does not matter. If you are daily trader - its paradise. Its only bad for you if you not sure what are you doing, so you just do what others do.Nothing really changes - buy low and sale high, and this time nobody will stop trade on the floor at 17:30 or when index goes 15% under.Technology is not compromised, its clearly solves some of the worst problems of finance world. Cryptocurrency is here for a long time.
china have done it so many times, I cant understand why do we fall for it every time ?!
That's right. China manipulates the markets all the time. This is no different. After they have bought enough BTC or whatever they are after then we will hear about regulations and everything okay... until the next time Chinese officials want to make bank.
Scaring... Thank god I am not chinese. I would probably dump all my coins. Real news, fuds, speculation and more... I am happy not to have a lot of coins now.
china have done it so many times, I cant understand why do we fall for it every time ?!
Period, it time to buy more BTC and Alt Coins. Some other country will support ICOs and the prices will rice again. China can't ban anything, it just help people buy cheap.
now apparently official:
https://cointelegraph.com/news/china-ban-on-ico-is-temporary-licensing-to-be-introduced-official
https://cointelegraph.com/news/china-ban-on-ico-is-temporary-licensing-to-be-introduced-official
Even if the news is actually a true, than China is doing exactly what is has to do - trying to regulate the market and close unreliable ICO's and exchanges.
The guys who are pushing these news stories with no actual proofs - are just manipulating the market, making newbies to panic sell, good and classic move!
Long term investors don't really care too much and see this as a good chance to buy some cheap coins.
The guys who are pushing these news stories with no actual proofs - are just manipulating the market, making newbies to panic sell, good and classic move!
Long term investors don't really care too much and see this as a good chance to buy some cheap coins.
China is really tricky, they tend to fun a lot and then buy in in masses while it is cheap. As long as crypto isn't forbidden there, the party keeps going on!
I think this crash is true not panic sell. because China want block some exchange on their country
But yeah i think on the other side it is also true because chinese investors maybe are trying to be safe a little bit, but when all this speculations will be over, price will recover and everything would be fine. 
It's not problem of china. It's problem with other people who start panic sell. It's just manipulation. So far, China only banned some selected ICOs - no $Crypto ban or exchanges shutdown.
Dude, I wanna share my problem with you now. I am very much done with these discussions. I really don't get why people are mixing banning of ICO with the end of crypto world. Chinese government took this step because it was essential for the safety of its local economy, it has not banned crypto coins and it never will. 
China is really tricky, they tend to fun a lot and then buy in in masses while it is cheap. As long as crypto isn't forbidden there, the party keeps going on!
I think this crash is true not panic sell. because China want block some exchange on their country 
China is really tricky, they tend to fun a lot and then buy in in masses while it is cheap. As long as crypto isn't forbidden there, the party keeps going on!
Chinese economy is one of the world's best and they want to stay it the way it is. They are aiming to control the world economy so they are trying to control the crypto world as well. That's why they banned the ICOs. Tho it's still not a big deal for crypto world. We will surely survive this.
Too much FUD on china. This will be resolve soon and the price will go back to normal or back to going to the moon. Everything drops when there is bad news coming from china, but it always bounce back.
You can keep saying this until it doesn't, which, with how fast things are changing now, ( new laws, bills, regulations), won't be that long.
%% That China is going to ban all forms of cryptocurrency / cryptocurrency trading is becoming bigger and bigger everyday, They're a somewhat "communist" country afterall.
The Chinese government wants complete control over it. Once they find out they don't, & they also won't, surely something big will happen.
This whole ICO banning is just the start, or did you think that this would seriously be it? Because they haven't accomplished anything really with that ban.
I'm very afraid of the future of crypto in China.
Surely there will always be some people which will just continue trading, but the general public won't risk being thrown in prison for speculating a couple G's on crypto, which means that crypto is never going to become ""Mainstream ""Mainstream"" As VISA or PayPal is right now, which is, in my opinion, a shame.
Because of fake news, we have heard Chaina exchange being banned. Thus, I believe that Bitcoin is bigger than China, if they don't want to join in, they can be left behind.
Maybe they will change this decision, maybe they will not. But there are few other markets at the moment, we will see what will happen. The ICO ban is already known worldwide. no big deal. 
I dont know why china ban exchanges site . I hope it will be back again and do you think they have possible that china will back and unban currency exchanges site? I think also why bitcoin decreased today because of that and bitcoin down at 4300 dollars and also the altcoin. But dont worry and for sure bitcoin and altcoins will recover again and it will increase more. Lets support crypto currency.
Chinese government made an unnecessary decision and banned ICOs that effected the markets in a bad way but this is not the end of the world. Some coins are already back in the place they were before the ban and others will be there soon too. Crypto world is now too big to get in it's way. They can only try to slow it down but they surely can't stop it.
Pretty much the china government want to regulate the whole cryptocurrency so that it'll getting out of their control and will prevent these cryptocurrency to affect their economic.as proven before, the ban which was released by china only temporary, and then proceed to release further regulation to many ICOs and now they're repeating the same thing. do you think it'll doom the crypto world, definitely not.
Chinese government made an unnecessary decision and banned ICOs that effected the markets in a bad way but this is not the end of the world. Some coins are already back in the place they were before the ban and others will be there soon too. Crypto world is now too big to get in it's way. They can only try to slow it down but they surely can't stop it.
All coins are in the red days! When that happens and post all over the internet about banning icos mostly of the coins go down because i think of the holders that is chinese that is selling their crypto because it is implemented with that. Though in icos that is also a big problem because some of their contributors are chineses and could lead to low collected of bitcoin or eth.
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