Quote from: Aasia567 on February 01, 2018, 09:12:08 AM

Quote from: Edraket31 on January 29, 2018, 11:44:19 AM

Quote from: coynedterm on January 29, 2018, 11:31:19 AM

Quote from: cybersofts on January 21, 2018, 07:49:56 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

I think it is a type of competition system , like we can see in another field where any type of the rumours they spread to amke Thier own profit and also any type of stupid thing they can , similarly here the same thing happening in the cryptocurrency. As most of the miners as well as most of the bitcoiners crowd is from the China , so here we can expect that there bitcoiners trying to bring new new negative things to make the bitcoin and another altcoins to get dump and after that make buy and make profit with small up , well here we should not se towards the negative news because negative news coming and going are now a usual thing for the bitcoin , so don't care much about them .

For what I am seeing now is that China wanted to have their own crypto that will be out of the market all over the world, they are just being so greed that they don't want bitcoin, not because it is decentralize and it is hard for them to imposed tax on it but because it is not their own coin and they did not create it.

Yes, what I see is that the ban on bitcoin in China is largely due to the imperfect system of taxation.

Tax administration issues are only part of the ban on bitcoin. In China, everything must be controlled and when a factor affects it, it will be banned.