Topic: effect of china on bitcoin (Read 1299 times)
Indeed after China began to ban the existence of ico make us a little difficult To find a project that has a very large allocation Fund but the incident It does not make me instantly desperate to earn an income and should continue to take advantage of every small opportunity.For the sake of improving the economic system going forward.
China will greatly affect the bitcoin as a large country and a high class country banned it. Bitcoin already lose a massive contributor to its potential becoming more valuable asset. Imagine if China continued to let bitcoin flow in their country, imagine its price right now and more probably the bitcoin's value would have not fallen on early january. China has so many businessman and investors and probably can cause the cryptomarket to blast this year.
The only thing that the China issue built up was the shortage of people purchasing Bitcoin. It's not a lot of people though they can purchase Bitcoin from someone off the market.
China has a large population. It can be said that China is a major economic power. Think about the value of bitcoin if China is interested in bitcoin? If China prohibits bitcoin, this will have a huge impact on Bitcoin and is likely to hinder the progress of bitcoin's development.
China, before the crackdown of crypto exchanges, is been home to the word's biggest community of miners and many of the chinese are also holders of diffrerent cryptocurrencies. The continuing crackdowns considerably affected the bitcoin price, falling below the $9000 level with heavy losses at the start of 2018.
Another reason in the unabated fall of the bitcoin price is the plan for some governments to create a law for the regulation of bitcoin exchanges in their country
Another reason in the unabated fall of the bitcoin price is the plan for some governments to create a law for the regulation of bitcoin exchanges in their country
The situation in China has somewhat influenced the bitcoin price and its capitalization. Closing the exchanges by China made people look for other exchanges. In particular, in the Japanese. But such situations will still not be able to destabilize bitcoin. And in the end he has to return to the previous level
Bitcoin experienced considerable decrease in its value after the banning of bitcoin affiliated activities and processes on China. However, the decrease wasn't enough to consider bitcoin a "dead currency". Every now and then bitcoin suffers decrease and then it will increase shortly after. One shouldn't be bothered by the sudden decrease because it is expected that it will recover soon this year.
With regard to the ban in China, people in the blockchain industry should have become accustomed to it. I think that the impact on the investors themselves should not be too great, which may mainly hamper the future development of Bitcoin.
China market is a market that has great significant in the world, with their population and technological advancement we can't down play their impact if the government decides to ban bitcoin in China it will have negative impact.
China banning btc can have minimal effects, but I don't think it will affect the price of btc that much, after all even if btc is ban in a certain like china, we still have huge amount of chinese investors, you can always do ways of accessing it such as using VPN.
Really very, China is the biggest source of bitcoins in the world (as well as the best area for mining). Also for this the bitcoin remains stable and does not salt, just because we talk about the china that wants to ban the bitcoin
China is a big market. And it is necessary to consider it from this side in the first place. However, everyone understands that prohibitive measures can not be fought against crypto-currencies. "Thor" is one of the most popular topics on Chinese forums. It is not worthwhile to forget about emigrants who do P2P payments to their homeland, their family.
all this has gone by, china has no more control over bitcoin and crypto. in fact, china is unable to make the bitcoin crumble to zero. although the market is currently down, it does not mean that China participates in this role. so, now china no longer has the strength to overthrow bitcoin.
I think community alredy get used to the bad from China, and this is not doing panic.
Now in trend South Korea and Japan
bad news from china country in my opinion is common. so our friends here will not worry anymore. which worries it is a bitcoin price reduction due to bad news bitcoin. Now in trend South Korea and Japan
China is a big market. And it is necessary to consider it from this side in the first place. However, everyone understands that prohibitive measures can not be fought against crypto-currencies. "Thor" is one of the most popular topics on Chinese forums. It is not worthwhile to forget about emigrants who do P2P payments to their homeland, their family.
Banning of bitcoin anywhere in the world are affecting bitcoin price because bitcoin price totally depend on demand in market so if there is any country ban bitcoin in their country then off course market will lose demand due to which price will be affected just like price of bitcoin now a days 11K$ around so if Chinese customers are not ban in bitcoin then demand of bitcoin was also be high then price will be off course high.
maybe that's the way it is today. the regulation that makes bitcoin banned in china makes the ascending condition of bitcoin value. in fact it will not have too much effect with the bitclin itself. bitcoin remains superior among crypto. bitcoin remains the current king in the crypto world. all comparators and peer to peer altcoin values remain at random on bitcoin. banned bitcoin in china is likely to be temporary only.
I think community alredy get used to the bad from China, and this is not doing panic.
Now in trend South Korea and Japan
Now in trend South Korea and Japan
China is one of the biggest country, and one of the biggest player on the crypto market, most mining farms and exchanges where operating there, so of course any regulation, restriction or liberalization of bitcoin by china will have affect on price.
China is a populous country in the world. Its prohibition has greatly slowed down the development of bitcoin.
China will greatly affect the bitcoin as a large country and a high class country banned it. Bitcoin already lose a massive contributor to its potential becoming more valuable asset. Imagine if China continued to let bitcoin flow in their country, imagine its price right now and more probably the bitcoin's value would have not fallen on early january. China has so many businessman and investors and probably can cause the cryptomarket to blast this year.
I dont think China could make the market to get even worse...
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