Re: Fake news :Bitcoin is not banned in china

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

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.

How is it possible that such a sensible government can ban such a valuable currency that will give them a lot of profit and will boost their economy .All the news that are going viral are not authentic and have no proofs. So dont stuck into such a debate and invest more to gain more the true investors doesnt care what other say he have a faith in bitcoin.