Late last night I was able to connect with Simon Dixon of Bank to The Future from live on the ground in Shanghai about some of the latest breaking news in the cryptocurrency space.
The criminal Chinese government announced that it will use violence to force all Bitcoin exchanges in the country to close. This comes after them using threats of violence to ban ICOs (Initial Coin Offerings) which they have done in the name of “protecting investors.”
Up until this point the news has been rather vague and mostly rumor filled. But Simon reports from on the ground to let us know that not only is it happening, but it is happening effective immediately.
We discuss all the ramifications in this exclusive interview.
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All this will make Bitcoin the most powerful decentralized thing stronger
Yeah, just one head off of what these crazies see as hydra (:
Not sure, one of the big booms in bitcoin was when the Chinese decided to adopt bitcoin "by the people of free will of course!" and use them but you could also be right. Any time a intruding force trys to tamper with things that are align with the natural flow of things it always back fires. This is very interesting for sure.
i fully agree, marco!!!;o)
Btc will rise this year to moon!
But i think this in Btc will hold and go even future!
because China will they be back after the election in Oktober! ; )
mark my words here!!! ;o)
Also upvote and resteemed! :o)
https://steemit.com/@cryptoinvestinfo
@cryptoinvestinfo
your CryptoInvestmentExpert
https://cryptolegion.io
Noticing a lot of Chinese are moving over to the BTS DEX. The telegram chat group has also exploded with over 1000 new members in just the last week.
interesting
Bitcoin is going to make the haters broke 🔥🚀
Transfer of power ???
This is valuable to learn how to use crypto.
Good stuff !!
Learn ! Comprehend ! Study!
Bitcoin back up to 4000 USD tells us that cryptos are here to stay...No government or big corporation (JP Morgan and Bank Cartels) can shut it down...Chinas test showed us that...No more Illuminati Jekyll Island type bank cartel meetings (
Bitcoin price now proves how resilient Bitcoin and other altcoins are...No government can shut it down...
What do we learn out of this? Always have some fiat ready to buy those dips.
Untill things change... and blockchain technology came for this...
Come on people, you can not expect the world banking cartels to just sit back and do nothing as we start to pry off the economic chains of servitude they have so carefully crafted for us. The BRICS Asian Development Bank, the Federal Reserve System, and the International Finance Corporation can only be distracted by their own private power struggles for so long while the masses begin to mobilize to cut their metaphorical puppet strings that keep us dependent on these current economic tyrants. The real question is how to proceed despite these drastic measures they are bound to take.
Thank you for providing info and news concerning the crypto market. That really helps me a lot with my trades. Chaina owns a big part of the market and sure is important to be up to date with the news.
Yes, for example, BTS DEX has gained volumes for Bitshares and other cryptos. This is good cause decentralized exchanges.
So what should we do? Another countries will get innovative technologies and perspective platforms then
Chinese can travel to Russia and buy bitcons there.
It's that simple, chinese can change their ip and use ico or exchange, why you need to travel for that. ☺
That is probably not a very wise move in China.
All big operators already moved to Japan... just take a look at japanese BTC volume today...
Now every time we see China in a title the feeling is annoying, don't like it to be so
Bitcoin is completely robust & anti-fragile... Every time it's hit, it only gets better & stronger.
Remain Calm & HODL! :D
You know it quietbear!
Hands up you ICO-terrorist. Now give me the private key
ha ha ha exactly
Byte me CHINA!
pocketsend:101@dollarvigilante, the beard is coming in nicely bro. Leave it up to the communist Chinese government to meddle with people's opportunities for financial freedom via bitcoin exchanges.
Can they shut down Bitshares Decentralized Exchange DEX?
Enjoy some Pocket tokens as a tip.
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Thanks for using POCKET! I am running this confirmer code.
Thank you for last news ;)
China has been controlling the market for a while, now after all this dist gone, we will see a slightly increase in Cryptomarket capital in a couple of weeks.
But it just need to take couple of weeks and maybe a month.
Crypto is the future.
ALL THE WAY UP, Phuck You Ben Bernanke.....................
Nice!
Any thoughts on how this will affect bitcoin and altcoin prices in the months and years to come?
@protoken This will greatly affect trading platforms because there will be a Transfer of Supply. You will notice this in some exchanges wherein new coins listed are from the Chinese Markets and cryptoinvestors are switching platform and taking precautionary measures. A demonstration of decentralization is in play. Surely, China wants to know how the market adapts and learns from it. I think years to come, China will wholeheartedly accept these Exchanges again because banning it won't stop Bitcoin and Altcoin's success.
This will be positive for the long term of BTC & LTC. This is not the first time China has banned exchanges. It did in Dec of 2013 and when they reopened it shot up, color me surprised if they do the same thing again. I noticed none of the mining farms have been asked to close. CryptoCowboyRocks
I read somewhere else that the ban is likely just a temporary thing, the same as you're saying. Maybe it's just a show of power, without real long term policies backing it.
Its the gov't flexing until they can figure out what to do, they know it can't be stopped just need to do their best to "shut it down" until they figure out how to regulate and or get their share. Which the may for a little while.
Especially in the cryptos world, the users have plenty of technical knowledge to work around most governmental obstacles. For certain countries, this is definitely a good thing.
My belief is, this just makes it more robust. Fast growth is not healthy growth; slow growth creates stability and longevity.
I agree. A slow, steady growth is sustainable growth.
Well, people are telling me to HODL, but I think it's the perfect time to buy. China hysteria will be quite lucrative in a month or two. Expect a rebound before 2018.
Awesome!
Buying is the same as HODLing... :)
just say'n...
Holding is what buyers do when they have no fiat left to buy with.
I am listening
It effects on bitcoin price.
China absolutely loves currency manipulation. Getting in on Bitcoin was a move that had to happen sometime, and it looks like they're starting to ramp things up.
Additionally, impacting Bitcoin like this shows other countries that China can cause large effects on such economies.
Though it's sad to see China make moves like this, Bitcoin will chug on with or without their support.
As the dip is going on, try to get in on Bitcoin! You'll always "miss the boat" as the video said if you never buy in ;)
Thanks for the video.
https://steemit.com/ikigai/@horus149/ikigai-the-reason-to-get-up-in-the-morning
My personal thoughts on the matter is that this is temporary and China will remove the ban when all of their regulations are in place for Exchanges and ICO. With the insane amount of money flooding into crypto currencies in investing,trading and ICO funding, they want their piece of the pie $$$.
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STOPBut report said based on interview of the top analyst name Lola in Crypto. They believed that the halt of ICO and stopping of exchanges is temporary. According to report there are a lot of Communist Part Political Leaders are connected with Chinese Billionaire and Chinese government I believed after meeting on 15 Oct. 2017 they allow ICO and crypto trading again to raise more funds and to build many infrastructure projects which is the wise move.
I think china is doing a great mistake by banding the crypto, on the othehand china is a great economist and understand that mistakes which fill down the economy. so he has best idea in his mind after Bitcoin.
Upvoted and Followed. Please followback and please upvote and resteem if you would like to help each other out: The REAL reason Jamie Dimon of JP Morgan called Bitcoin a "Fraud" (NOT what you've heard elsewhere about wanting to drop the price) a 30-second read: https://steemit.com/bitcoin/@thoughtchain/viral-why-jamie-dimon-called-bitcoin-a-fraud-not-what-you-already-heard
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And then they buy the dips right along with Jamie Dimon.
No wonder why the inventor of Bitcoin kept himself anonymous!
And we will never know who they are???
your hint was interesting.
Dammn !!!
I've noticed an increase in other exchanges after these announcements. Clearly, cryptotraders are now smart enough to enjoy cryptocurrencies where cryptofreedom is exercised. It only shows how powerful is a decentralized environment and we can all learn from China's mistake.
People should at least ask what the worst case scenario could be. That was my question, and I asked it before China made its last crackdown.
What happens if the banks shut down all fiat to crypto and reverse transactions?
The banks are the real government, and the banks control payment systems and our bank accounts.
What happens if what China is doing spreads? Remember that almost all banks are subordinates of the BIS. It is possible.
Hey everyone I have an interesting idea lest stop limiting bitcoin to the moon. Bitcoin is going to slingshot past the Moon and into the stars beyond deep space and into the Great Void! Limitless
Ears open.
Thanks for the heads up.
yup
appreciate the sharing!
yes
Does anybody know a good and legit decentralized exchange????
Bitshares
Thanks!
etherdelta
Thank you!
this speech nice
I'm 10 min into the interview with Simon. It seems the government wants to take credit using censorship under threat of arrest to the pioneers and people who paved the way. So sad.
No one ban nothing.
Just bought the Backwordz album off bandcamp. Epic, thanks for the heads up on this band Jeff. Legend.
Damn... Wheres all the fearmongering and U.S. Hate speaches?
This is now 2 articles in a row where I had to read/watch and felt compelled to upvote. I'm not sure if this is a head fake or your just getting good, but you almost have me singing up for that newsletter.
I'm not there yet. Maybe 1 more..?
Thank you
Thanks for sharing
Thanks for sharing.go ahead.
Yea I will be moving my Gas off Binance.com tomorrow.
I guess I need to study up on hard wallets, thanks for the inspiration.
Nice! Super useful information and a live earthquake... superb!
Thanks for the heads up!
The shutdown wont be for long. The real reason is because the chinese are changing their remimbi to bitcoin and investing in opportunities overseas and the govt sees this as an outflow of resources. The country wants to focus on domestic development rather than use its wealth on development on foreign soil. So shutting down existing exchange facilities is the fastest and most effective means of control.