Topic: Bitcoin banned in China. Did it affect the price? - page 5. (Read 1659 times)
The biggest bitcoin user according to the news is china, but i'm sure even though bitcoin in banned chinese users will continue to be bitcoin users, this is because they feel bitcoin is profitable and too easy for bitcoin business even though it is banned, and I'm sure this will not have a big impact on bitcoin prices.
it is the effect of the news spread chinese, happened panic where which cause many people sell their bitcoin so make the price fall. but look now, I think everything is back to normal.
seems to have a very clear impact on bitcoin prices when China bans ico, as China is one of the largest bitcoin markets. But that does not last long, bitcoin prices rise again.
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
yes chinese users were panic selling because the ICOs and bitcoin exchanges were banned so, their bitcoin can't be locally exchanged in china that's why they are panic selling and price crash although the news of banning ICO and bitcoin exchanges did affect the price and also the bitcoin is fraud comment of jamie dimon of chase bank contributes the price crash. 
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
China definitely have some part in it. But no need to worry about the events during the past week. We will be back on track in no time and this week might just be the start of the rise. And the drop is actually normal and in fact healthy for btc. If you do some research, you'll see that these things are just normal and have happened in the past years.
Bitcoin has never been banned in China and will never be. It seems like those little games are being played by China to speculate crypto currencies as they are the one dominating crypto market.
Obviously this has something to do with China, but the most chaotic situation is the bad issue of people who hate bitcoin and want to destroy it. But it's not long, because now the bitcoin price has started up again and has started approaching the highest level this month. And to the people who panicked yesterday sell his bitcoin, is currently mourning for his stupidity.
Why do people keep saying Bitcoin is banned in China? Exchanges and ICO are banned - not BTC. Two completely different things.
There are rumors of bitcoin network disruption to be implemented in China, if they are banning ICO and exchange, next step will be a total ban, this may have a huge short term impact on the market.
Be prepared.
Bitcoin is not banned. China only ban investing ICO project. As you can see the price of bitcoin dump to 3k$ few days ago is the result of this case. Altmost exchanger in China are closed. But I think we no need to worry cause China can't affect to Bitcoin price all the time, it olny happen in a shot period
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
We could not say it was just coincidence after China moves to ban the bitcoin, altcoins and ICO then suddenly bitcoin and other crypto currencies value drops at a considerable margin therefore it is very obvious that China affected the price because many Chinese people investor will follow their government mandated by withdrawing or selling their bitcoins and altcoins to protect their resources.
It is a sure thing that China have an influenced and power to moved the bitcoin and other crypto currencies because there are lots of Chinese bitcoin investors will support their government and sell their bitcoins infecting other non chinese people that easily panic and decide to sell their bitcoin too making the selling demand to be at high last weeks.
Bitcoin isn't banned in China, There has to be a distinction between ICO, exchanges and bitcoin, which most newbies are finding hard to do.
The closing down of exchanges and the new regulations in ICO, did effect the price of Bitcoin and altcoins for a while, but the market is recovering slowly.
The closing down of exchanges and the new regulations in ICO, did effect the price of Bitcoin and altcoins for a while, but the market is recovering slowly.
China has a history of censoring even the most bizarre things (online dating, time travel movies, the word "jasmine", complicated company names, the Bible, Brad Pitt... ), so it should not be surprising that the government is cracking down on a technology that threatens its power to control the economy. It doesn't look very likely that other countries will follow China's lead. US regulators clearly signaled their acceptance of Bitcoin in 2013, and there has been little sign that they're changing their minds since then.
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
Where did you get your fake news, dude! I have not encountered such news until now when I see this post. Bitcoin banned in china? Did it actually happen? The last time I heard, Jihan Wu, the biggest BTC miner in china is even saying that bitcoin is still legal there.
It affected the prices of bitcoin for few days but it didn't last long and bitcoin is moving upwards now. I don't think even China is going to completely ban bitcoin or cryptocurrencies even in the future because it can't afford to do so. A lots of money have been put in to cryptocurrency by China and it brings huge revenue to Chinese government.
China banning exchanges had everything to do, with price drop of all cryptocurrencies.
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
We could not say it was just coincidence after China moves to ban the bitcoin, altcoins and ICO then suddenly bitcoin and other crypto currencies value drops at a considerable margin therefore it is very obvious that China affected the price because many Chinese people investor will follow their government mandated by withdrawing or selling their bitcoins and altcoins to protect their resources.
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
There are lots of discussion on this forum about relation between dramatic dump in bitcoin's price and FUD created by some chinese media house before official announcement. Yes china can easily affect market price because 30% of total trading volume comes from china. 
Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
Imho China was a good pretext / opportunity for some, not much else.
Of course, a correction was needed after such huge growth, but the fact it had recover this much this fast means for me it was just pure manipulation and, obviously, FUD.
Let's see how the things will look when we'll get much closer to September 30.
Why do people keep saying Bitcoin is banned in China? Exchanges and ICO are banned - not BTC. Two completely different things.
First of all, Bitcoin is not banned in China. There are some regulations in place regarding ICO's and also they might limit access to foreign exchanges but it is pretty obvious that Choyna don't want to be left behind in this market. They are planning to create their own USDT to trade bitcoin and altcoins. At least that is the rumor. But in the end I think no one cares about Choyna anymore. Japan is the new China 
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