Viral
er
8 years ago in #bitcoin by bitcoinflood (79)
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Hey bitcoinflood,
Nice work sir
China can't afford to be out of cryptocoins, it's a trillion market. They will be back stronger than ever.
Have you seen that regulating crypto currency seems to be trending in Asia, now I hear Malaysia is also planning to do it.
I have been seeing it pop up more. Big question is now what is it going to be like and how soon will it reopen markets could be a few days, months? But when it does I see nothing more then the price going up and up from where we are today.
Obviously, infact I see the fluctuating price as a little barrier they would need to surmount whenever they reopen, ugly market conditions would always play before it becomes balanced.
Maybe they purposely banned it so they could buy a whole heap of Bitcoin, wait for it to go back up and re-enter knowing it could put the price right up and even higher again. Common trading scheming.
China has no choice but to get back into the cryptospace or get left behind.
This will set a good example to other countries who may try to ban blockchain technologies.
One thought: China is known for manipulating the price of gold so what if these two timed announcements, first about banning all ICOs, then about banning bitcoin exchanges were intentional? Perhaps China was the biggest buyer of bitcoin when its price dropped briefly below $3000 in the days after the announcements.
China will come back in sooner or later!
History tends to repeat itself. The people who were here at the end of 2013 knows it. Sometimes, a bubble burst can be healthy in the long run.
Agreed
I am sure they might have thought over and over again also lookong at the current prize of btc and how it will be in the nearest future,and they now want to partner with blockchain.
Their re entry into the market could skyrocket prices
If these move will continue soon BTC and alts will gain a good price.
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Maybe we'll get some announcements after the 19th Party Congress.
Any ideas on who the winners will be?
This is the best and all it can do it can help the world wide that can help as make extra money for a living.
Crypto and KYC/AML are mutually exclusive? Roll on PIVX!
Governments and Banks worldwide will look at ways in which they are able to control. Some ideas are good as you highlighted, ICO days of being created are fast coming under scrutiny which may be a good thing.
Total ban was not a good idea, but then how many in China quietly held onto their share to ride the storm out and not creating the havoc that everyone expected?
We figured this would happen, the market will return to normal once they come back into the fold, it will be very interesting to see the price down the line.