Topic: Can China Ban on Bitcoin have any negative effect on Bitcoin in future? (Read 557 times)

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.

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. 

LOL

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.

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.

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.

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.

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.

China ban on bitcoin recently was just like minor drop in bitcoin and then later on, the price bounces up again. So there's nothing really big and negative effect on bitcoin. China has been used in banning bitcoin and all related crypto activities and it went really bad for the crypto market in the previous years. This time around is now different. The expected major crash in the market has even push more the price of bitcoin to go up and is now starting to set his new trend towards the bullish season. And i guess this is not surprising as we are already in the last quarter of the year and mostly, this is the time of the bullish season and even lasted into the end of the year, or early next year.

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

That's just it. The entire Bitcoin community has now developed a sort of nonchalance towards news from China on Bitcoin. Too much talk makes one lose their respect and I think that's what has happened to China. My first experience with China's ban in 2017 got me really stiff scared. I thought it was going to nail Bitcoin to its death, knowing how prominent China was in the scheme of things concerning Bitcoin. Good a thing it didn't. This day I don't even bother with any news from China. I just read them, take them with a pinch of salt and move on. Other times, I read and think them hilarious.

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.

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.

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

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

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?

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.
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.

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 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.

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.

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.

In fact it has no negative impact on market like tweets of Elon Musk because they keep doing it repeatedly that is why people don't take them seriously. It does impact market for few hours because some weak holders go for panic selling. Bitcoin is again trading above 57K and showing good Bullish momentum and most likely it will not only break it previous ATH but also even go much  beyond it.

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.

China ban on bitcoin has never had a long lasting effect on the bitcoin market, many times we have always the price of bitcoin go back up after we see news that China has placed a ban on bitcoin. Even before the last bull run I think there was a news that said something about China stopping miners, which affected the market and bitcoin lost a significant amount, but after a short time the market started to climb up again and then went for a bull run.

Even after their last news about banning Bitcoin, we have also seen the market going up again, currently the price of bitcoin is at $57,000 and still showing signs that it will go further, we might be crossing the last ATH we saw this year.

I fell the reason why the news about China and crypto, isn't affecting the prices that much anymore is because they did affect it when they said they were going to ban the mining of crypto that alone has made the prices dip a lot, especially since they were the number one in terms of mining rate in the world, and obviously most people were sure that it was a matter of time before they were going to ban its use completely, that is why the news had no significant negative impact recently.

The ban was imposed a few weeks ago and I am surprised that this thread appeared now. Everyone knows the answer by then. The current exchange rates are almost 15% higher than what we had when China imposed the strict ban on cryptocurrency. So the writing on the wall is clear. Bitcoin doesn't need China. And to know whether China needs Bitcoin or not, we may need to wait for some more time. Personally for me, the China ban was like a blessing in disguise. I was never comfortable with >80% of the mining hash power concentrated in that country.

China is a large market for Bitcoin but it doesn't mean that the whole Bitcoin market is dependent on China. The rest of the world is also offering a market for Bitcoin. So if China will continue to ban Bitcoin, I don't think Bitcoin will be stuck.

Bitcoin's adoption today is not problematic even if the ban in China was implemented already. In fact, it is easy to take note using the price of Bitcoin that the ban does not have any effect to the market.

So Bitcoin can forget about China and move on. The question is, can China remain anti-Bitcoin?

Not sure that it will really have a big influence or negative effect on Bitcoin in the future, because each country has a different response and different feedback to Bitcoin.
Let's see besides that there are still many positive influences or positive feedback from certain countries regarding the presence of Bitcoin in their country, and even then it can have a positive effect on Bitcoin in the future. Well, the time will tell all that, but I'm sure that the positive side will win more.

When it comes to power then these big countries or powerful ones  would really trying out to accumulate as much as they can and it may turned out that they are against with it but the truth is that they do

accumulate as much as they can because they do know on how this market works and the trend that it is giving which it is normal to presume that they would accumulate as much as they can which the more coins you do have the more powerful you are on this market.

But the sad fact that total supply isn't really that big which is great yet it do really avoid that kind of monopoly thing.

USA is trying hard to capture what China has given away out of their hands. Let's see where this technological war will end now as I see this to be the 3rd World war, but without the use of weapons. A technological war where countries will try to get a big piece of the small 21 million btc cake, out of which some part has already been cut and either eaten up (mined) or thrown away (been in addresses from years and not moved a single satoshi).

I think in some history they can affect the price because the level of users is the largest in the world. But I think that in the future if brands have released and banned all crypto activities they will have no power. Maybe in the next few years there will be a new country direction, which is able to be like China in making decisions in countries that affect crypto. It's only a matter of time, maybe China will be left behind when it comes to crypto issues if they are still in their current position.

China always repeated their tricks and trying to shake the crypto prices, they banned and then lifted, later on, banned again and lifted again.
Considering China is a big whale trying to manipulate the price or something that has a hidden agenda on always shaking the price. However, the bitcoin price is so strong and has always been increasing the price and  I think the process will continue. Bit6coin price will go up because of the investors around, not just a single country that wants to control bitcoin.

Bitcoin has already learned not to rely on China alone since we all know that a lot of bigger institutions and different countries now have been behind bitcoin and supporting it so there's no way China can manipulate easily the price of bitcoin. China is like a big whale really that keeps manipulating bitcoin and the crypto market, but never succeeded in the end. And after that, bitcoin is now even more bullish today, its like there's no recent banning at all. Maybe after the recent banned, China had felt that its no longer affecting bitcoin and crypto market so they might as well thinking another ban later on that will create a big impact in the market.

The fact that China has banned Bitcoin might actually be a positive for cryptocurrencies in future. Due to the fact that country has poor environmental regulation and basically powered most of their miners with the dirtiest fossil fuels, it makes the remaining mines more environmentally friendly now they've shut that all down. I doubt the average Chinese citizen who has Bitcoin was really that bothered and yes, it does shrink the amount of new investors (who follow the laws of that country) but with it being decentralized there will be some who get around this ban. The fact that most miners from that country would have sold will cause a small depression in the price but should otherwise not effect it for too long.

Well, I have been here and witnessed banning on China last year and that is all about rejection. But why until now bitcoin has been increased too much and it seems the FUD did not have a big effect. Because perhaps this is not new at all, they have been here trying to keep banning bitcoin and crypto, and later on, they will lift it. What's wrong with them? Are they a part of a whale trying to manipulate the price of bitcoin.
Even though China was keep doing this but look at the price, it always has a full surprise that the price will always increase even though there is too much negative news but bitcoin was increase the price.

The last banned had never created a deep crash in the market so obviously, it will no longer create negative effect on bitcoin in the future. Gone are the days where China has been the most powerful country that can shake off the market easily but now, it seems its no longer significant to bitcoin. There might be minor dumps that have been experienced but that was just for short term, and after that bitcoin and those potential altcoins continue to boost their prices that makes the whole crypto market almost bullish now. Even if China creates permanent banning of bitcoin and all crypto related transactions, i think it will not create anymore a big dump in the crypto market.

China had been trying very hard to shake off the markets since they had the power, but now institutions have taken over and they will prove that China's ban cannot affect btc the way it did before when China announced the same thing one by one with a gap of some years. They want to manipulate the markets which is not possible for them now.

we have seen that immediate effect when china announced its total banning of crypto transactions. however, the effect was only short-lived. so with the current performance in the market, it goes to show that even if china is totally out of the market, btc and crypto markets will still survive. actually, the recovery is quite fast this time.
so i don't think we need to worry anymore about china in this market. this market shows that it can't be controlled nor manipulated by any country, even if that country is powerful and influential.

Perhaps, the bad news from China will affect the bitcoin price, but that will not have a big effect on the price to go down for deep unless many people still not learn that what China does is just to spreads the bad news so they can use that time to buy bitcoin secretly. But bitcoin will be strong enough to hold the price not to go down for deep, and even if the price drops, the price will be back to the last high price and will increase more than that. Yes, it will not worsen the future of crypto because people will learn about filtering the bad and good news, so they know what they need to do.

I'm not sure about that, but even though China banned bitcoin and other cryptos I don't think it will affect the future of bitcoin at this point many countries are starting to support and accept bitcoin. The news about China has been around for a long time where China banned bitcoin and I think bitcoin can explore more so that it can maintain its future. maybe this news will shake up the crypto market a bit, but I don't think it will worsen the future of crypto.

Yeah, that's right. Announcements from China have negative effect on bitcoin immediately but that quickly fades away. The fact is that current price is becoming a new normal for bitcoin and China can't have a serious influence on it. No one is gonna panic sell bitcoin because of China cause these announcements aren't something new, people have already adapted on these news and bitcoin can live well without China. If there was no history of statement and market would be hugely dependent on the China, then very strict and negative news/law on bitcoin could seriously beat it's price but all the things from China were coming slowly and slowly.

it will have no effect in the long term. their ban can only slow, but not stop the development of bitcoin. bitcoin will not be shaken just by bans from one or two countries. negative effects only affect in the short term. overall bitcoin is strong enough to maintain its presence in the market.

China's Ban on Bitcoin can put a temporary effect on Bitcoin but after passing some time Bitcoin will improve and come back to its former position. Bitcoin trade and business still continue where it is not legalized. So it will also happen in China. It is also true that China will have to accept the importance and legal position of Bitcoin. Because it is not possible for any country to stop the flow of Bitcoin and cryptocurrency.

It is not Negative effect instead the Positive one that we will be having , china is bullying the Bitcoin community for year now and letting them take out of this matter is a sign that the market can stand independently .
yes they have the largest mining network but with their action now the world is sharing adopting the mining that once supportive by their country.
in this matter why need to be shaken when we are looking for more brighter future of bitcoin and the whole crypto without china's presence .

AFAICS, they only care about their own CBDC, so they could have full control over their citizens, and on top of that, they'd gain nothing by influencing other countries to follow in their footsteps!
- Let's assume for a second that all of the countries that already have "launched their own CBDC ^[5] or those that are in the pilot stages ^[14]" suddenly decide to ban BTCitcoin as a whole; all that does is it'd force affected people to come up with various workarounds ^{[in other words, it defeats its purpose to an extent]}.

It doesn't have to be a direct comparison. I was just saying that the US is a much bigger player on all international markets, and if something negative came from them, it would cause greater short-term damage than if it came from anywhere else, including China. If the Faroe Islands were to ban Bitcoin tomorrow for the first time, no one would bat an eye because no one looks to them for setting standards, providing guidance, or leadership.

Thing is, their influence on other countries can't exactly influence the market in the long run. It's just like how China's ban has close to zero influence on the Bitcoin market simply because the market has never even considered China itself to be part of its worth. China can have a massive influence on other stuff, maybe, but on Bitcoin? Not even close. Just like others have said, history has already spoken on what's it's stand on China's influence on Bitcoin, and it certainly close to nonexistent imo.

As numerous members have said it already, they have banned it multiple times, and look at BTC now; it's still strong and is in that bull run that we all want. I think they are probably making a scene and making a dump in the market to scoop up BTC at a lower price, and they can profit quickly in this way. Maybe they have something planned for this type of thing. Imagine if the whole population of China was to use or buy BTC; that's probably a great way to pump the price.

We have witnessed countless times China prohibiting bitcoin, still, none of those cases led to the demise of decentralized cryptocurrency. Except that the very recent case of prohibition has resulted in the mining industry driving out of the borders of China. The short-term consequences are undeniably positive for the bitcoin network since Chinese miners had to move to other countries, which basically have made the whole network more distributed and thus decentralized. The long-term implications, however, may well be less positive. Some countries have already started to follow the example of China in terms of surveillance, social credit systems, etc. They may also begin to mimic the Chinese attitude towards the bitcoin mining industry. That may cause a situation where there will be only so many places for the bitcoin mining business that it will be easier for governments to overtake control and dictate their terms.

It should be emphasized that there is always competition among nation-states going on, meaning that if some countries begin to drive out businesses, the other, on the contrary, attract businesses. The question is how many rational players, who value bitcoin and positive aspects of running the bitcoin business, we need to sustain a decent distribution of mining farms.

Chinese investors here could have been the victim of this recent announced banning of crypto and i believe that it will definitely create a long term effect on them. But when it comes to the bitcoin market, i have seen that there is no huge effect really unlike what it had impacted from the previous years. This time, i agree on you that the bitcoin market is now immune from all those frequent banning from China and bitcoin has learned not to depend on China anymore as there are more big countries that have been more supportive to bitcoin now. With or without China, i think it does not make any difference.

I would say no impact will be seen! The bitcoin market is now immune from Chinese legislation as the Chinese government has made it quite clear that they will stand against cryptocurrencies as it provides their citizens with financial freedom and an escape route from their strict regulations. So majority of the Chinese players are already out of the market. Few might continue to operate illegally but their numbers are very less.

So I see it as a net positive and in long run it will positively impact the market for sure.

That's a terrible comparison.
"China banned bitcoin" is one of the oldest FUDs that we have been hearing. The oldest case I am aware of is from 2013 and the first time it came out it had a significant effect on price. Obviously the 500^th time repeating the same nonsense is not going to have the same effect as the first time. Hence the small drop.
In comparison if the same news came out of US it would be the very first time and it will have the same effect as the first China FUD.

Another big difference is that people are too lazy to fact check, they are even lazier if the facts are coming from a language they don't understand (ie. Chinese). So when the FUD about China comes out, they don't even bother checking the reality but if it comes out of US they can easily do that. The media also can't bend the truth as much. So the effects could be bigger.

China, will have little, to no effect on the price of bitcoin right now. It has been established right from the get-go that they aren't in with cryptocurrency and had taken measures to ensure that no Chinese mainland citizens are going to use and buy bitcoin within their border. AFAIK they have already wiped a huge majority of miners and users as early as 2019, so there's little effects on bitcoin's price if there is any. As a matter of fact, I think of it as a win-win since most graphic cards are hoarded for their use in mining, and thus with China being out of the equation it will be easier and cheaper to acquire graphics cards in the future. I would also agree with you, it has been like that since bitcoin boomed last 2018, and they have taken drastic measures to put bitcoin in a negative light. That being said people are already growing weary of their antics and bullcrap so they would prolly just shrug any news about cryptocurrencies coming from China since it will almost always going to be negative anyway. No point in keeping tabs on someone or in this case, something that doesn't serve your greater purpose well.

China or other countries will not be able to stop bitcoin and FUD from China always happens from time to time and as a result bitcoin continues to grow and rise, and I don't think China's FUD will worry bitcoin fans and investors because it is boring.
unless they are completely new to bitcoin and don't know the traces of China's behavior towards bitcoin, it might affect them.
Bitcoin cannot be stopped by any country or by anyone including China and although China has always tried to stop bitcoin until now onwards, it will never happen.

The effect is take place right after the news and disappear after few weeks, i think it's no effect with the future, moreover china bitcoin bans was never confirmed and the news keep coming every year. There are a lot of crypto market with chinesse people, i don't think that easy to ban cryptocurrency from china, the people who has power on china must be owning bitcoin or crypto and they will be easy to take down.
So i'm optimistic with future of crypto because it's the current most realiable currency to become future currency system.

In future China ban on btc will probably be history, nobody will pay attention to it any because by then people already are tired of hearing same old boring stuff over and over again, in future crypto will be more accepted and adopted and the question of China ban having effect will be meaningless I think,  right now people are slowly getting use to the ban soon it will no longer be a news, it will be normal.

Users in China probably already find their own way to use Bitcoin or crypto without their government knowing it. For so many times that China Bans crypto there are still Chinese men who are able to do transactions as long as they wanted, though it might be harder than usual but it seems they need to find their path due to continuously banning China been doing in Bitcoin. It doesn’t affect the market that much but it will be a great help in price continuous pump if no banning will be intended by them as some investors in China didn’t want to enter in crypto because of their government’s always change of mind in crypto policy for a less hassle investment they intend not to join.

Not at all, no one country no matter how strong and powerful has the capacity to stop or even make a last effect on bitcoin, blockchain companies now have become pretty large and have a lot of funds, most of these companies operate through tax Havens where big countries cannot impose their laws, talking about retail consumer they anyway Don't impact bitcoin price a lot, infact a lot of people in China use VPNs to operate bitcoin and Cryptocurrencies, this means that Bitcoin and cryptos today are impossible to stop because big smart money has already moved into cryptos.

China still plays a major role, especially for crypto gambling. But the topic was discussed and made relevant many times because of various restrictions China introduced in the past. There were times when the influence on the price could be pretty significant (-20% price drop within a couple of days, and then the price being relatively down for a few months), but nothing China did could permanently damage the market, evidently. The most 'ban' (which was actually the Central bank declaring crypto transactions illegal) barely backfired (the price dropped from $45k to $42k, but then recovered and went up to $47k within one week), so I'd say that China's grip over the price is loosening. If China finally manages to ban everything crypto-related and makes it a criminal offence, this might have some midterm impact on the price, but that's not very likely to happen, and even such an even would only affect the price for a few months.

Bitcoin has a bright future, why you worried with China? China isn't controlling Bitcoin, so there's no reason if you're a holder.

More and more many country start to unban Bitcoin and legal, even more El Saldavor's accepting Bitcoin as a legal tender before. Does those countries follow China crackdown? No they do otherwise what China's do!

Slightly have an effect IMO.

I have been witnessed different FUD from China and banning isn't new to me.  They always do this, banning and then lifted, banned again and later on it will be lifted again and the process will always repeat as long as they can.   I have read somewhere that I can't remember that in the statistic shows China was a country that has a huge amount of Bitcoin that been hold.  It seems the whales are in that country and if they want it to dump, they will spread FUD and it begins to the social media which is a FUD that can easily spread.

In fact, China was nothing to do and only a small percentage that might have an effect on the price and this was proven and tested.  Just ignore what China did.

Not anymore, people will just neglect it due to its past behaviors like this. Price manipulation with a sudden dump. The only effects of it is the users of it in china. It will be hard for them to use it anymore and may result to just abandon it.

It is not as if the effect of the ban is gradual. I think the damage is felt immediately by the market. It has a one-time impact rather than a long-term and sustained one. But once it ends, Bitcoin would start to recover. That is what exactly happened. Now, once China is gone, the Chinese market becomes a potential market. Meaning to say, Bitcoin has gotten back to its feet and now has a huge potential market. If the day would come that China would give a green light to Bitcoin, it certainly would cause a spike to the market.

OP you may be worried but I don't think investors and enthusiasts are.

China has a big news on Bitcoin every cycle. I was there on the last cycle, and I'm here on this one, and every time China FUD happens, has it ever affected you? I know for sure it never affects me, and I'm even close to China than I guess most of the people on this forum!

Use Bitcoin. No one can stop you.

The only long term negative effect of the China ban is the fact that millions of Chinese people will face difficulties using Bitcoin/altcoins in China.This kinda stops the growth of the cryptocurrency industry,but I'm sure that many Chinese will keep using cryptocurrencies despite the government ban over crypto.
I can't think of any other negative effects.
The crypto industry,that is located outside China shouldn't worry too much about this so called "crypto ban".
Bitcoin gets stronger every time China FUD occurs,so I don't mind if more China FUD is coming in the next weeks.

 

How many times Bitcoin has “died” but rises up even stronger? These China Bitcoin FUD stuff are just short term setbacks and eventually BTC recovered. I remember that BTC was hanging around $42k during the latest China FUD by making cryptocurrency transactions illegal, and here we are at $54k as of this time of posting.

Bitcoin is here to stay in the long run. The best crypto for long-term results.

I am expecting that in case by 2022 China or its governmental agencies will once again announce the ban of Bitcoin and all crypto-related business within China, it would have no negative impact on the cryptocurrency market outside of the country. I am so tired of hearing this thing and it goes beyond my grasp why the cryptocurrency market can be affected by a news like this. We should be discounting totally at the end of 2021 so that by 2022 there will no more be the China Factor. Let miners totally get out of China and transfer somewhere else where they are more than welcome and let big exchanges get away from China so the government will not anymore be collecting taxes from them.

Not anymore. China closed down many mining facilities months before their most recent "bitcoin ban". That resulted in a huge 50% drop in hashrate, but those miners have reallocated to other countries and most of it is back up and running again.

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After the announcement about the ban, Bitcoin's market value fell by 10%. But it has already recovered from that. No one can predict what the future holds and how the prices would be affected if stricter regulations are implemented worldwide. If the US were to ban Bitcoin, that would probably be a much bigger blow than what we saw with the Chinese bans.   

It will affect for a certain time. Not for a long time. You search on google you can find Many developed countries banned bitcoin. Prices fell for some time. But now it's up again. Ban will good also for a certain time :p.BTC holders sold it for less price. And you can buy it at a lower price

The answer depends on why you are asking this.
If you are concerned about the price, then sure such bans have negative effects on the price as they not only slow down bitcoin adoption but also they cause panic sells in the bitcoin market that leads to drops.

But they have no effects on future of bitcoin as a decentralized, censorship resistant currency. In fact bitcoin was invented so that it doesn't care whether some government "banned" it or not! In the end nobody can prevent you from using bitcoin.

This china topic is now becoming obsolete as this has happened many times and now it has no bearish effect on the prices like in past the prices tumbled a little bit but now see they are already above $55k and after mining ban hashrate has also recovered with miners spreading across the globe.So we can say it has temporary effect but in future it won't matter any more and others adoption will be adequate enough.

Considering that a Ban in China would infect about 20% of the population on earth, this should have some convinients over the time. However, from another side, Chinese investors and crypto users in general still have alternatives and can find a way to overpass the ban, like it happened in countries where cryptoccurrencies are not regulated yet.
Note that if two things happened similtunasually, this doesn't mean one may have effects over the other. I saw many topics recently discussing the impact of China situation over cryptocurrencies after the price dropped a little bit after the Ban. I want to remind you that it was the same scenario in 2013 and 2017 (ATH bitcoin) .

china can ban Bitcoin 10x for all i care. that just makes our digital gold even stronger and all the mining just shifts to other regions.
and what china still has not understood, BTC cannot be banned or stopped - it is unstoppable

just my 2 satoshis

The only ill-effect I've seen from the series of china-ban-bitcoin/crypto news is only in the short term. It usually doesn't take time before the market recovers.  Also judging from the timelines, there hasn't been a long term effect recorded yet. China might be one of the most influential countries but crypto has since moved past one country's influence. It's a global movement!

I'm not sure about this. Because we didn't even see a major affect right after the ban. The market has even started going upwards very fast. But as the market will lose important amount of investors in China, it might affect the market in the long term. We will wait and see it. But I think that nothing very big will happen just because only China banned it.

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.

Thanks so much for the links to get more info!

I can't agree with you less sir....but I see them going ahead to try to influence other big countries to follow their foot steps.

China bans Bitcoin many times in history and let's do retrospectively check on what happened so far

• 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

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.?