Ninjastic
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Re: Fake news :Bitcoin is not banned in china
by
Ilegendph
on 16/09/2017, 08:01:03 UTC
Quote from: batang_bitcoin on September 16, 2017, 06:52:30 AM
Quote from: cryptothreads on September 15, 2017, 11:43:34 PM
Quote from: batang_bitcoin on September 15, 2017, 11:35:22 PM
Quote from: Islampower on September 12, 2017, 08:09:22 PM
Don't panic and don't sell your crypto  Angry, it is only fake news , they can't bane banne bitcoin  Cool
I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. Tongue Roll Eyes

Who said that bitcoin is ban in China? You just misunderstood the fact that China is not literally banning bitcoin, but exchanges and it's ICO's. And I've read an article that these are just temporal so we can see on how China is taking it's sentiment for bitcoin in the first place. They just want to regulate the crypto currency transactions in their country.
I agree with you . China wants to control its users and avoid shifting to other countries, which is justified because China owns more than 70% of the total number of Bitcoins and the ban is never going to happen.

I don't have an idea if they are owning more than 70% worth of the total bitcoins in the circulation. There are a lot of news that comes out from China and everything is aware of it and this weekend we can breathe widely because the price starts to get up again. And China is a big player in the market that has a lot of miners, investors and traders so the news did affected the market.
Ofcourse, china wont ban bitcoin, they only ban chinese ICOs that scams there fellowmen , this kind of news gives great impact  on the price of cryptocurrency because they are decentralized. Price of bitcoin goes down this past few weeks because of panic selling, and now i see that bitcoin is now recovering as investors starts to buy bitcoin for themselves and hold it. This is an opportunity for most of us, we just need to be patient and wise enough to analyze things and news that affects this kind of investments.