Quote from: Vaccinus on January 26, 2017, 08:13:05 AM

Quote from: anonbit992 on January 26, 2017, 07:43:27 AM

Quote from: Bitcoin0916 on January 26, 2017, 01:40:45 AM

Quote from: thephill97 on January 25, 2017, 09:53:47 PM

Quote from: Kray on January 23, 2017, 06:10:27 AM

I dont think china will ban bitcoin, even they ban bitcoin it just their goverment not their people. They people still use bitcoin

Bitcoin will never die nowhere man , china is the Power of Asia.

Yeah right, China is an Asian power even of the world, it is no longer the world economy will be controlled by china. As the owner and handler bitcoin, surely use bitcoin in china is enormous. The Chinese Government has not been legalized bitcoin but not reduce the enthusiasm of Chinese citizens to use and save money at the bitcoin, so long as the Chinese users there is no problem, bitcoin will either is fine.

China has shown a good support to bitcoin when compared to rest of the world. I think China will be responsible for the vast number of bitcoin transaction in future. It is good for the POBC to regulate bitcoin exchanges so as to prevent manipulation. This will prevent sudden rise and fall of bitcoin due to manipulation and will gradually contribute to the growth and traction of bitcoin.

this is bad because if china in the futre will ban bitcoin or other catastrophe, it can afflict bitcoin greatly and make it lose a good value, bitcoin should not be centralized, not only mining but market activity and transaction, china should already strat to build their farm in other profitable country, instead of focusing on China territory alone

As said by Amph earlier,

Quote from: Amph on January 22, 2017, 07:56:44 AM

if china will ban it they will ban the mining activity too, which mean that the diff will decrease dramatically, and miners will have an easy time making profit for a long time

you can't simply replenish 70'% of the network in a short time, the price i think it will not tank so much, because panic buyers will be all over the price when the value will tank

And I agree to his analysis, difficulty will decrease dramatically and mining will be easy. And if price goes down due to panic sell of most of the Chinese holders, people from around the world would gladly pick them up making the Bitcoin price go up again.