Whatever, If from statically point of view can someone convince me?? why the BTC has not bounce back after the weekly average low instead of over sold in RSI?
The ban by China had its effect long ago. This elongated bear run is not because of China but very complicated so China coming back to crypto will not automatically shoot up the market. In the other hand, it could be that the story is not true. 
Topic: China is Back to BTC Business (Read 647 times)
Recently, the value of coins doesn't show some signs of positive. But in the case that China is really gives important about BTC then this could be good for the future. I'm sure this effect will not happen quickly but definitely it will take more months.
There are still a lot of payment method active in China through bitcoin. Yes, bitcoin is legal in China. They are still use and support bitcoin. Wait some days for more information.
This is a spark of good news but still I am not convinced . In the past there has been to many articles which states ban and unban of cryptos in China on regular basis.
Also I dont see why then they baned cryptos in the first place , do they now have some kind of oversight power ..
China has always been supporting the digital currencies. At times they had ban the ICO which were wrongly interpreted that they blocked the crypto currencies as a whole. China has the biggest bitcoin mining farms and it is the great supporter for bitcoins and other digital currencies. Also I dont see why then they baned cryptos in the first place , do they now have some kind of oversight power ..
This will be a big news if China lifted the ban for crypto's especially BTC, As we Know China is the largest population in the whole world that also uses bitcoin for mining, trading, gambling and also Initial Coin offering, This could trigger BTC' price to rise up again right?
I agree, China when it comes to investments will be a big thing most especially in cryptocurrency market. Remember what had happened when China implemented the total ban of crypto? Damage has been made before so if they are coming back into cryptocurrency adoption I think there will be something interesting that worth to be waiting for in the near future. It could be that China, USA, Europe and japan will be the most countries to have competency in terms of cryptocurrency usage and investments.
China has never stopped BTC business. No government can restrict people from buying coins. The cryptocurrency is anonymous. The government is unable to track encrypted funds. So I never worry about the government banned cryptocurrency.
China has a very large population and most of them are crypto activists ranging from miners, investment and traders and if the China state is not responsive to this it will cause some problems in China's finance and economy. they must be careful about crypto for the progress of China itself
And so? When did they get back or they are still about to get back into it? This is no big news, even with China being out of the business it kept booming and reached the unexpected rate. Now they are back, what has happened? The price is still low and is still dropping even to the lowest point. So this is no big news at all and I don’t even see why any media outlet should be carrying it.
Such content should be untrue. I have not seen the market's large fluctuations. If this is true, then the market should start violently rising in December today, but in fact there is no fluctuation in the market.
A little hidden news .Not advertised by Coindesk or any other western press
Bitcoin is legal asset in China
China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally
According to a recent report by CnLedger, the crypto ban is now a thing of the past in China, as virtual currencies have been legalized as a mode of payment to be accepted by people and business entities as. The Shenzen Court of International Arbitration was quoted as saying;
Instead of that news we are receiving scary news about regulation in USA and famous dead of bitcoin
https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/
hope you are better now
And report from 3 november
This week in crypto:
1. Bitcoin 10 year anniversary
2. Janet Yellen now owns Bitcoin
2. Ron Paul calls for no crypto tax
3. Bitstamp acquired by NXC
4. @binance signs up 40k in Uganda
5. Coinbase raised $300M
6. Morgan Stanley says crypto is institutional asset class
That doesn’t change anything at all, the price is still where it is. Even when they banned cryptocurrency in their country that seems to be when cryptocurrency started to progress and that was when we had the highest bull run with price almost getting to $20k. But I hope they contribute a lot and make the market to start growing back again, if this information is true.Bitcoin is legal asset in China
China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally
According to a recent report by CnLedger, the crypto ban is now a thing of the past in China, as virtual currencies have been legalized as a mode of payment to be accepted by people and business entities as. The Shenzen Court of International Arbitration was quoted as saying;
Instead of that news we are receiving scary news about regulation in USA and famous dead of bitcoin
https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/
hope you are better now
And report from 3 november
This week in crypto:
1. Bitcoin 10 year anniversary
2. Janet Yellen now owns Bitcoin
2. Ron Paul calls for no crypto tax
3. Bitstamp acquired by NXC
4. @binance signs up 40k in Uganda
5. Coinbase raised $300M
6. Morgan Stanley says crypto is institutional asset class
I've read something else though and I think it was from a facebook group which I have joined that they see China still not into BTC. It would have mooned by now if it were true. There were still mining companies actively mining from China but them lifting the ban might just be a news without truth.
China is not blocking oversee exchanges
I don't see any ico with disclaimer not available for investors from China
In fact biggest obstacle and biggest hope is USA
We don't what China pretend to do
There is still mining done in China so it is some money even from taxes
And now with that tariffs war we will see
I don't see any ico with disclaimer not available for investors from China
In fact biggest obstacle and biggest hope is USA
We don't what China pretend to do
There is still mining done in China so it is some money even from taxes
And now with that tariffs war we will see
It's pretty funny how China bans continue to fool people into buying and selling Bitcoin...
It's even funnier how fly-by investors are handing over their coins to stronger hands at a loss, making sure they'll hand the coins back to them at way higher levels later on.
Noob thinking;
Bitcoin at $15,000 = it will take over the world soon.
Bitcoin at $4000 = mwah, the end is near.
With how easy it is to shake these idiots out, and how unregulated this space largely is today, you should expect fud to pop up and affect the market, because it's too damn profitable to troll everyone here.
It's pretty funny how China bans continue to fool people into buying and selling Bitcoin...
This had to happen if it is true, China and few other countries are showing their disinterest against crypto, but at the end, they might have to reconsider there decision taken against cryptocurrencies. I don't know if this news can correct the current market situation, but it can give a boost to the market and somehow encourage people.
It is not like they are back in bitcoin business because they love it, it is because the price is incredibly low and china has a lot of billionaires and so forth in their country that can afford to spend a lot of money buying bitcoin without worrying about the future. When you have ten billion dollars in your bank account and you spend 10 million dollars on bitcoin it doesn't really matter to you if the price goes down or stays low.
Hence china is encouraging its rich folk to spend money on crypto to get more crypto into the country and have the power. Just like they did with USA bonds, they gathered as much debt as they can from USA and give out their manufacturing power or man power to USA in return and when the time came they gave out that bonds almost for free in order to disturb the market. Don't let chinese get as much crypto as they want because in the end they do not like bitcoin and when the price starts going up they will all sell at the same time like a proper communist country and destroy the price once again.
Hence china is encouraging its rich folk to spend money on crypto to get more crypto into the country and have the power. Just like they did with USA bonds, they gathered as much debt as they can from USA and give out their manufacturing power or man power to USA in return and when the time came they gave out that bonds almost for free in order to disturb the market. Don't let chinese get as much crypto as they want because in the end they do not like bitcoin and when the price starts going up they will all sell at the same time like a proper communist country and destroy the price once again.
Well we can just hope that this news will somewhat help the current state of the market(which I highly doubt it will) as the market is bleeding badly in the last two weeks and it is a good thing BTC came back to $4k USD but what we need more right now market movement and hopefully we can come back to at least the $7-8k price range of BTC.
I appreciate the attempt to cheer people up, but the selling isn't coming from the people here. Most of the forum lurkers know that there is no point in selling anymore unless there is an urgent need of funds to cover bills.
Is it just me who's noticed it's been largely a lot more sensible around here and also a lot quieter? Perhaps all, or most, of the money grabbers left?
On the initial post, I believe that this news was reported to be false and that bitcoin is still not legal in China.
They are free to do whatever they like, but this is a global thing and a single country cannot just think they can keep laying hold on the market and doing as they please. We are past it, and really no one even wants China this or that anymore. Apparently, they will realize later on what they have missed and find a way to want to be a part of the market again.
This is good, because the Chinese market is a very large percentage of the market capitalization of cryptography. Crypto foreigners need a new tide of fiat money, and even better newbies who will bring a lot of money and buy bitcoin.
I do not believe on this because China has Ban cryptocurrency on their community so probably this just a farud. China government has no interest with the system and they preferred their own where especially the notion of Jack Ma to have a cashless society. Cryptocurrency has the same aspect for them as a payment syste. but then again they will prefer on the Cashless society with Jacl Ma founder of Alibaba group and companies.
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