Topic: Bitcoin banned in China. Did it affect the price? - page 3. (Read 1659 times)
They did not banned bitcoins. They banned ICOS. And those ICOS were banned because of FUD and they believed that ICOS are just scam in their country. And so they created their own bitcoin.
There were two things that dropped the bitcoin price temporarily.
China closing exchanges and at the same time JP Morgan claimed that bitcoin is the biggest scam in the history!
As we are currently back at $4,400, you can see that no single action can affect the bitcoin price longterm and this is the advantage of a decentralized and for people useful system.
JP Morgan's Dimon's statement really didn't have any impact on the value of bitcoins at all, It was really all about the closing of the exchanges which dropped the price and further rumors that the Chinese were planning to ban Bitcoin and other cryptocurrencies. With every challenge thrown at it, Bitcoin seems to come back even stronger than before. China closing exchanges and at the same time JP Morgan claimed that bitcoin is the biggest scam in the history!
As we are currently back at $4,400, you can see that no single action can affect the bitcoin price longterm and this is the advantage of a decentralized and for people useful system.
After china decided to ban Bitcoin the price is reduce not only that another local exchanger also get frozen. In this issue make Bitcoin down, no wonder there are also many investors who invest in Bitcoin. But a few days later Bitcoin price recovered and back to $4200.
I think it's of course this will greatly affect the price. After all, China is the most progressive country in the crypto currency market.
I think the market will fall very much if the BTC is banned in China!
I think the market will fall very much if the BTC is banned in China!
Not at all bro.Who said hina has banned the bitcoin.Its a fake news.China had fear that the bitcoin will replace the their own currency.So you may check the any site about this .You can Check that so,It will show as ,china using the bitcoin.The price of bitcoin is again raised due to that china make the bitcoin legally.
I think it's of course this will greatly affect the price. After all, China is the most progressive country in the crypto currency market.
I think the market will fall very much if the BTC is banned in China!
I think the market will fall very much if the BTC is banned in China!
Yes a drop was before some days.
But now its ok. It will pump again I believe this. No one can fully stop the bitcoin. Its now worldwide.
So don't worry about it.
But now its ok. It will pump again I believe this. No one can fully stop the bitcoin. Its now worldwide.
So don't worry about it.
Around the time when ban happened, yes it affected price of Bitcoin. But on longer terms, we see that it did't affect it. Price is a bit below, than it was back than, but it is not that much important.
Because of China's ban people got afraid, starting to fear about losing their money, which led to selling their Bitcoins. Things like that happens a lot, because there are a lot of inexperienced people dealing with Bitcoin. Price of Bitcoin fluctuate a lot, and all who deal with Bitcoin for long time know that it is something normal. So when something major like China's ban happen, fear is what leading people to panicky selling.
So my opinion is that at the end China's ban didn't affect price of Bitcoin.
Because of China's ban people got afraid, starting to fear about losing their money, which led to selling their Bitcoins. Things like that happens a lot, because there are a lot of inexperienced people dealing with Bitcoin. Price of Bitcoin fluctuate a lot, and all who deal with Bitcoin for long time know that it is something normal. So when something major like China's ban happen, fear is what leading people to panicky selling.
So my opinion is that at the end China's ban didn't affect price of Bitcoin.
There were two things that dropped the bitcoin price temporarily.
China closing exchanges and at the same time JP Morgan claimed that bitcoin is the biggest scam in the history!
As we are currently back at $4,400, you can see that no single action can affect the bitcoin price longterm and this is the advantage of a decentralized and for people useful system.
China has lost his importance in crypto market and now there will be no hold of Chinese in this field bitcoin is successfully surviving without them and no other harms are done to this and this shows that bitcoin is not depending on any nation it is independent and it will progress by its investors not by countries, so china is in past now. China closing exchanges and at the same time JP Morgan claimed that bitcoin is the biggest scam in the history!
As we are currently back at $4,400, you can see that no single action can affect the bitcoin price longterm and this is the advantage of a decentralized and for people useful system.
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
The news from China certainly affected the price, thankfully now though all the weak hands have been shaken out & we are now returning to near the previous price.
Yes thats true. Bitcoin price deflated for almost 10% , I think thats because China banned bitcoin in their country, we shoukd acxwpt and see the fact that China has been one of greatest and most influential contributor of world's economy as well as in in the bitcoin community but even though that they banned it already bitcoin has started to bring back its value which is giving us a hope that speculations about bitcoins's end will end definitely cause it can stand alone.
I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week.
The only think that they ban for sure is ICO. There were talk that they ban bitcoin but with no supporting news or articles, this was more for them to buy cheap bitcoin before he started to rise again.
Yes of course. because china is one of the big player in bitcoin. the price will surely fall due to market sentiment which indicates a negative response caused by FUD. but after some time Bitcoin surely will show better growth ever.
You are right bitcoin was being use very highly in the china. The bitcoin is being use by almost everyone. The price of the bitcoin will grow more if the use of the bitcoin will be high. Bitcoin will not be affected if the china will ban bitcoin because as the china is using bitcoin the same way a lot of the other countries are using bitcoin and they are taking the profit.
I think it is yes, because china is one of the big country that bitcoin have to support. But the price of bitcoin will come back again for those people need to survive for they daily life.
Guys, what are the current forecasts for the bitcoin rate?, the fall will be? or correction?
to buy me need already...
to buy me need already...
the only thing that i see from this is people gets panic and start selling their bitcoin although the news is not true. it seems they don't think twice when they heard the bad news and not searching is this true or not. although the price is down, bitcoin is still strong enough to start rise again and it come back to increase more.
China.. Who???
Didnt look like it did affect BTC in the long run.
Didnt look like it did affect BTC in the long run.
I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week.
The only think that they ban for sure is ICO. There were talk that they ban bitcoin but with no supporting news or articles, this was more for them to buy cheap bitcoin before he started to rise again.
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
Yes ofcourse there's a possibility that the value of bitcoin going decrease but dont panic becuase bitcoin will rise again to the highest value so keep earning bitcoin becuase bitcoin is strong cryptocurrency.BTCC made the announcement on Twitter, noting that it had operated for a “world record of 2,305 days.” Indeed, the vast majority of bitcoin users likely cannot remember a time before BTCC. http://www.altcointoday.com/chinas-first-bitcoin-exchange-finally-closes-down/ it will affect to the bitcoin price.
China banned the bitcoin but it does not affect the pricing it experience in the past weeks, the fluctuations is just a normal activity for bitcoin, it drops then suddenly pump besides there's so many people using bitcoin and I don't think majority of them is in China. Maybe China will realize bitcoin is good after the pump that is happening now and may stop banning bitcoin.
China did not ban bitcoin...
Why does everything think that bitcoin is banned in China, and when bitcoin is banned by just one country that bitcoin has no future? It doesn't make any sense at all to me. Bitcoin is decentralized, it can operate without governments.
It has affected price, but i think its effects are wearing off. Bitcoin is going bullish once again.
Well even if it did, I'm somewhat positive that it would affect the price as China is the leading miner of bitcoin, no denying that. But if you look at it in some other way, the price would be affected just for some short time due to a dump at that time of ban.
China banned the bitcoin but it does not affect the pricing it experience in the past weeks, the fluctuations is just a normal activity for bitcoin, it drops then suddenly pump besides there's so many people using bitcoin and I don't think majority of them is in China. Maybe China will realize bitcoin is good after the pump that is happening now and may stop banning bitcoin.
China did not ban bitcoin...
Why does everything think that bitcoin is banned in China, and when bitcoin is banned by just one country that bitcoin has no future? It doesn't make any sense at all to me. Bitcoin is decentralized, it can operate without governments.
It has affected price, but i think its effects are wearing off. Bitcoin is going bullish once again.
I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week.
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