Quote from: coolcountry on February 14, 2018, 09:32:08 PM

Quote from: sakokinak on February 13, 2018, 02:13:31 PM

Quote from: Kolokoy on February 05, 2018, 09:08:00 AM

China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the countrys final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

I can not understand why China is doing this. But I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.

China is not famous for granting freedoms to its citizens, they rather want to keep everything under control. And "under control" is perhaps the most incompatible term with crypto, because it is very difficult to control, if at all. Add to that the number of mining organizations and investors in China, and you can see how easily these people can take a lot of money off the grid. I doubt the Chinese government would love this that much.

I agree and anybody with a bit of knowledge of the Chinese government could have seen this coming.
If the government can't control it they will do whatever they can to at least keep it toned down , it will be interesting to see how and if crypto will be used in the future.