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China slaps Bitcoin

  • Thread starter Thread starter Anis Boukezzoula
  • Start date Start date
Actually China have been doing this for some years now, they will just find what to ban pertaining to Bitcoin and the price would crash only for the price to soar high again. I was veru surprosed the little effect "their ban" had on Bitcoin this time around.
 
I don't think China's decision can stop bitcoins from rising or stop people from continue making profit from the crypto platform. So, personally, I am not bothered as I am still earning from holding my bitcoin. Only China or few countries can't stop bitcoin from existing because there are so many big names in the system that can make bitcoin to remain popular and the most widely used. That is just my opinion.
 
China has cracked down on bitcoin multiple times and every time China bans Bitcoin, the price has drastically gone down, however, if you check price history you will see it has always gone high.
 
I like the personification employed in the phrase. My country buried Bitcoin as they placed a ban on it. I believe it's due to the decentralization that makes their spine shiver so they acted fast and placed restrictions.
 
But over this event in China, I knew that almost the exact opposite was done in the country of El Salvador, where Bitcoin was legalized as the official currency, along with the dollar.
However, I see today that Bitcoin is recovering sharply, with a value of over $ 50,000.
 
If the Chinese government like let them say they will continue to crackdown on any cryptocurrency speculation transactions in their borders, that doesn't mean anything to the rest of the world dealing with cryptocurrency transactions
 
China is not the origin of bitcoin therefore they can only ban their citizens to invest in Cryptocurrency, after sometimes the crypto will backs to their normal shapes
 
Bitcoin has finally recovered from this sudden crash.
The sudden news saw Bitcoin falling below $40k but the coin has recovered above $50k now trading at $55k
 
Setho said:
It is now becoming so embarrassing that every now and then there's always news that China is baning Bitcoin and it's always makes the price to come down. I do not think this is an exception.
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Exactly. And I think it's just because of the fact that it's a decentralized currency and no one would have control over it is what is making these governments reject it
 
There may probably come a time when news coming out from China as regards bitcoin or Cryptocurrencies would have no importance and that would increase the growth of the crypto markets.
 
I don't really know why China has so much influence on the movement of cryptocurrency, sometimes all these news that is coming from them is Always negative. Maybe they are trying to bring down the price of cryptocurrency to the lowest as possible.
 
To me I may consider the policy of the Chinese government as the best option because these operation of the cryptocurrency market ir the bitcoin in particular may affect the economy of their state so the only way to prevent such from happening is to make restricted policies concerned it.
 
Bitcoin has been proven and tested that it is not a scam I feel that so many people and so many countries have legalised it so China alone can't make it fall totally
 
China has slapped Bitcoin multiple times. I know three times when China slapped Bitcoin, but this did not stop Bitcoin from growing. Nothing can stop bitcoin, it will continue to rise.
 
Nomad said:
China has slapped Bitcoin multiple times. I know three times when China slapped Bitcoin, but this did not stop Bitcoin from growing. Nothing can stop bitcoin, it will continue to rise.
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China's slap on Bitcoin doesn't really have any weight because their consistent slapping, bitcoin is been resisting it so the best thing is for them to embrace cryptocurrency and explore it.
 
It was predicted that the ban on crypto by the Chinese government will make the price of Bitcoin go high. Although it affected Btc for some time, it is back to its position and beyond
 
Victorial said:
It was predicted that the ban on crypto by the Chinese government will make the price of Bitcoin go high. Although it affected Btc for some time, it is back to its position and beyond
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It is very possible that this person's prediction is coming to reality because bitcoin has fully recovered and every other coins fast recovering so very like you might be seeing a bullish. Very soon.
 
The China's negative impact won't take Bitcoin down the price of Bitcoin. Currently the price of Bitcoin is aiming $100,000. No need to worry ourselves.
 
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