Topic: Can China Ban on Bitcoin have any negative effect on Bitcoin in future? (Read 568 times)
December 12, 2021, 12:25:03 AM
Considering the fact that China has one of the largest population, China ban is not a thing of today, they have been banning bitcoin for a number of years back, they even did few months ago. Bitcoin miners were asked to stop mining which they relocated to another country, this had a little drop in price for a while, perhaps FUD was caused into the market. Price was back up after a while which says there ban and FUD doesn't really strike us again.
November 30, 2021, 01:02:47 PM
I think there are some effect because most miners are located in China and of course the number of people in China and bitcoin users are really high and if China eliminate Bitcoin there could be some effect in terms of price but I don't think it won't last long and everything will be back in no time. The above links was really useful actually.
I guess you must have known that after the last china action on Bitcoin, China actually evicted most of the Bitcoin miners out of China maybe there might still be a few hidden ones out there still operating but most Bitcoin miners are out of China which is better for Bitcoin now cos it seems more like more decentralized mining for Bitcoin now and of cause, even that didn't last for very long before Bitcoins price bounced back. 
November 30, 2021, 11:47:12 AM
LOL
October 13, 2021, 10:14:49 PM
News from china banning bitcoin in their country until now has no effect on the price of bitcoin I monitored from the first news appeared the country of china banned bitcoin and I saw the market had no impact on the price of my bitcoin even now the price of bitcoin is increasing.
October 13, 2021, 06:04:45 PM
Every FUD from China can give an impact on the Bitcoin price, we have proven this. But we also don't know exactly who spread the FUDand what the purpose is. We know that China is a big country and it can bring a big impact to the crypto world. But now, it seems like this country has not any FUD anymore, but don't know if this will happen next month because of the rising market.
October 13, 2021, 05:59:29 PM
We have seen several times that China has banned bitcoin. We get such news from time to time. So I think it's a business policy of the Chinese. With such news, they made a lot of bitcoin Bought. And then they sell Bitcoin again with a good news. I think it's a complete Chinese strategy.
October 13, 2021, 04:51:21 PM
a country has a policy to accept or prohibit bitcoin, and that is an option. as it is said that china has banned bitcoin and other crypto in their country. Broadly speaking of course it will have an impact on the crypto market where we know that bitcoin will lose some of their fans. But that doesn't mean the future of bitcoin will be bad or destroyed, there are still many other big countries that support bitcoin and accept it with their respective policies. so while bitcoin is still accepted in their respective countries then use it well.
October 13, 2021, 03:04:03 PM
When china has banned bitcoin and doesn't accept it, then at that time china is out and will not have any influence on bitcoin. some of the FUD that they make will certainly not have an effect in the future. Some drama is made to destabilize the price. But the negative effects will no longer be felt when China is out of bitcoin. China is always playing with bitcoin and it happens all the time.
October 13, 2021, 09:21:28 AM
~snipped~
China's ban has long had no effect on bitcoin.
October 13, 2021, 08:43:06 AM
the bad possibility is definitely there for the future, but not in the near future
for 12 years China has banned bitcoin in their country, but the fact is that there are still many miners in China,
and try to see that every bitcoin has increased, China is sure to spread bad news
then i conclude that china is just hindering the bitcoin exchange rate higher than the new ath that has been created
for 12 years China has banned bitcoin in their country, but the fact is that there are still many miners in China,
and try to see that every bitcoin has increased, China is sure to spread bad news
then i conclude that china is just hindering the bitcoin exchange rate higher than the new ath that has been created
October 12, 2021, 12:21:00 PM
~snipped~
China's ban has long had no effect on bitcoin.
October 12, 2021, 12:01:53 PM
Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.
But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?
But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?
China is so influential on bitcoin that bitcoin has decreased in price because China forbids mining bitcoin in its country. In China there are also some of the richest investors who are very influential in the cryptocurrency market.
If the Chinese government bans Bitcoin for a very long time, the price of bitcoin will experience a very sharp decline in a very long time. Although bitcoin experienced a decline in price because China banned Bitcoin, the price of bitcoin could rise again after investors in other countries began to join the crypto market.
October 12, 2021, 10:27:19 AM
...but I see them going ahead to try to influence other big countries to follow their foot steps.
I ain't sure China is going in that direction or if she is, she hasn't succeeded in that aspect because we haven't seen the supposed big countries banning Bitcoin. What we see most of them do is ask for regulations and documentations from exchanges domiciled in those countries. Talking about the effect of China's negative attitude towards Bitcoin; well, I don't think we have seen much effect in that direction. Bitcoin is still waxing strong and soaring to new heights.If this were an American ban, perhaps things would be different. China started banning crypto in 2013, this year they completely banned bitcoin in their country. And then Mr. Gensler, states that the SEC has no plans to ban crypto, That is an affirmation China has failed to entice other countries to ban bitcoin. Bitcoin has grown without China and now it is being supported by many countries. China's ban has long had no effect on bitcoin.
October 12, 2021, 10:10:54 AM
China is out because they already kick out bitcoin within the country since they created their own digital currency. So for short they don't have power to ban bitcoin anymore, in fact after that they keep posting negative news about bitcoin around the internet but there's nothing happened and bitcoin surge instead of falling unlike what always happened . So there's no way they can manipulate bitcoin in the future because they're totally out of control. Lol
October 12, 2021, 09:58:05 AM
I read the news a few days ago that China banned mining in their country and China banned bitcoin transactions in their country but so far it has had no effect on Btc prices, even Btc prices are currently rising in price, maybe the news made by China has no effect in the crypto world.
There are still a few lines on the graph showing the level of influence since this news came out but according to investors and miners in China, their governments have also had heated arguments with other countries on many issues, not just about bitcoin, miners soon took notice of this story and most of them carried out a quick and convenient relocation of the mining facility. The good backup reduced the damage and after the successful backup surgery, once again the whole crypto community glared fiercely at China and it is unlikely that their future activities with crypto will add to the frenzy October 12, 2021, 08:25:11 AM
China bans Bitcoin many times in history and let's do retrospectively check on what happened so far
If you look at those chart, data and the article, you would realize that China ban events don't have long lasting effects.
- Crypto has recovered from China's FUD over a dozen times in the last 12 years
- BTC Price change 60d pre and post prior China "ban" events
- The impact of China banning Bitcoin over time.
If you look at those chart, data and the article, you would realize that China ban events don't have long lasting effects.
- Bitcoin bull run, it's time to debunk Bitcoin FUD.
- When you have time, read so many resources on Endthefud.org
The chart says it all, one country doesn't entirely affect Bitcoin, well, considering China's population and how big this country is when it comes to resources and such, it did made an impact but such impact was recovered right away.
Also, I do think that there's still a way for China's citizens to participate in such activities but in an illegal way, of course VPN won't work anymore, I don't have any solid proof but there must be a way, right?
October 12, 2021, 04:52:29 AM
Long term effects? No, not really.
China has repeatedly ban Bitcoin and cryptocurrency for many years, but look how Bitcoin has growing exponentially each and every year passed.
I might say, China's banning and FUD could only have a very short term effect, just like what happened today. The FUD didn't even last a month, Bitcoin has started to bounce back and aiming to break the ATH with how the current price run has been doing lately.
and the outcome is another increase for Bitcoin , meaning the banning is not bringing any negative traits but instead it is the positivity that comes here.China has repeatedly ban Bitcoin and cryptocurrency for many years, but look how Bitcoin has growing exponentially each and every year passed.
I might say, China's banning and FUD could only have a very short term effect, just like what happened today. The FUD didn't even last a month, Bitcoin has started to bounce back and aiming to break the ATH with how the current price run has been doing lately.
somehow the news that "China banned bitcoin/crypto" always has the same effect. however, the effect does not last in the long term, because after the decline, the price will recover.
it's just that we don't know what China will do, because news from China greatly affects the price of bitcoin or crypto. I just hope there's nothing weird about the news. There have been many cases in China making bitcoin prices go down, such as banned, Evergrande, and others. I hope that news from China will not affect bitcoin or crypto going forward.
of course there is a effect but the question about that is negative or positive ? China's bullying ends this time a they finally formally banned bitcoin in their country and this is what we need to finally moved on. it's just that we don't know what China will do, because news from China greatly affects the price of bitcoin or crypto. I just hope there's nothing weird about the news. There have been many cases in China making bitcoin prices go down, such as banned, Evergrande, and others. I hope that news from China will not affect bitcoin or crypto going forward.
October 12, 2021, 04:43:56 AM
somehow the news that "China banned bitcoin/crypto" always has the same effect. however, the effect does not last in the long term, because after the decline, the price will recover.
it's just that we don't know what China will do, because news from China greatly affects the price of bitcoin or crypto. I just hope there's nothing weird about the news. There have been many cases in China making bitcoin prices go down, such as banned, Evergrande, and others. I hope that news from China will not affect bitcoin or crypto going forward.
it's just that we don't know what China will do, because news from China greatly affects the price of bitcoin or crypto. I just hope there's nothing weird about the news. There have been many cases in China making bitcoin prices go down, such as banned, Evergrande, and others. I hope that news from China will not affect bitcoin or crypto going forward.
October 12, 2021, 04:06:26 AM
Long term effects? No, not really.
China has repeatedly ban Bitcoin and cryptocurrency for many years, but look how Bitcoin has growing exponentially each and every year passed.
I might say, China's banning and FUD could only have a very short term effect, just like what happened today. The FUD didn't even last a month, Bitcoin has started to bounce back and aiming to break the ATH with how the current price run has been doing lately.
China has repeatedly ban Bitcoin and cryptocurrency for many years, but look how Bitcoin has growing exponentially each and every year passed.
I might say, China's banning and FUD could only have a very short term effect, just like what happened today. The FUD didn't even last a month, Bitcoin has started to bounce back and aiming to break the ATH with how the current price run has been doing lately.
It's true that China has banned Bitcoin many times, I can't even remember how many times. And as we all know the effect never lasts, usually Bitcoin
only goes down for a few weeks, after that the price of Bitcoin will go up again. So from the start I was never worried about FUD from China, I don't care
what China will do, because I know the effect will not destroy Bitcoin's future. Usually those who are affected by FUD from China are only newbies who are
not experienced in the crypto world.
October 12, 2021, 03:56:50 AM
...but I see them going ahead to try to influence other big countries to follow their foot steps.
I ain't sure China is going in that direction or if she is, she hasn't succeeded in that aspect because we haven't seen the supposed big countries banning Bitcoin. What we see most of them do is ask for regulations and documentations from exchanges domiciled in those countries. Talking about the effect of China's negative attitude towards Bitcoin; well, I don't think we have seen much effect in that direction. Bitcoin is still waxing strong and soaring to new heights.Jump to: