Bitcoin Forum

Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?

I think there has to be an effect as stock market prices are affected by a lot of variables and one of them can drastically lower or higher its prices. Being banned its china really struck a blow to the development of bitvoin but there is still hope.

 Nigger, I dont actually see that as a reason why the price of Bitcoin should drop

It did affect the spike, but i think its just another news to make people panic because few days ago there is another news about the banned is only the exchanger with the RMB / Yuan. But the exchanger with USD still accepted, and i dont think it will last for long

But it was obvious China's ban regulation of ICOs and Chinese exchanges lead to panic sale of Bitcoin. There was a lot of FUD that caused a dip in the price. :-\

I remember chinese volume represent something like 7% of global trading volume; Japan now is >50%.

So I don't think the impact will be that big.

As for the price, as you can see, it recovered already, that is a clear message from the market that the impact was not big.

I hope it will impact even further, my sub $3000 bids ain't going to fill themselves, we need another panic selling spree. :D

Regulatory uncertainty was always present, Chinese people cashing out massive amounts because they are required to, that's new.

I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week. of course each time it was a stupider FUD than the last. but the effects of the FUD have always been the same: https://bitcointalk.org/index.php?topic=2187358.0

and it always disappears after a short while and bitcoin goes back to normal and starts rising even faster than before! because everyone has gotten a lot of profit and the FOMO begins when price rises and everyone accepts that it was really FUD.

I think that the ico's that has been shutted down in china really have a huge amount of bitcoins that has been contributed that is why it is really affecting the market. But there is a good news that they will legalize the circulation of bitcoins in china so i am sure that the price will rise again.

The news from China certainly affected the price, thankfully now though all the weak hands have been shaken out & we are now returning to near the previous price. 

First of all, Bitcoin is not banned in China. There are some regulations in place regarding ICO's and also they might limit access to foreign exchanges but it is pretty obvious that Choyna don't want to be left behind in this market. They are planning to create their own USDT to trade bitcoin and altcoins. At least that is the rumor. But in the end I think no one cares about Choyna anymore. Japan is the new China :D

Why do people keep saying Bitcoin is banned in China? Exchanges and ICO are banned - not BTC. Two completely different things.

Imho China was a good pretext / opportunity for some, not much else.
Of course, a correction was needed after such huge growth, but the fact it had recover this much this fast means for me it was just pure manipulation and, obviously, FUD.
Let's see how the things will look when we'll get much closer to September 30.

There are lots of discussion on this forum about relation between dramatic dump in bitcoin's price and FUD created by some chinese media house before official announcement. Yes china can easily affect market price because 30% of total trading volume comes from china.

We could not say it was just coincidence after China moves to ban the bitcoin, altcoins and ICO then suddenly bitcoin and other crypto currencies value drops at a considerable margin therefore it is very obvious that China affected the price because many Chinese people investor will follow their government mandated by withdrawing or selling their bitcoins and altcoins to protect their resources.

China banning exchanges had everything to do, with price drop of all cryptocurrencies.

It affected the prices of bitcoin for few days but it didn't last long and bitcoin is moving upwards now. I don't think even China is going to completely ban bitcoin or cryptocurrencies even in the future because it can't afford to do so. A lots of money have been put in to cryptocurrency by China and it brings huge revenue to Chinese government.

Where did you get your fake news, dude! I have not encountered such news until now when I see this post. Bitcoin banned in china? Did it actually happen? The last time I heard, Jihan Wu, the biggest BTC miner in china is even saying that bitcoin is still legal there.

China has a history of censoring even the most bizarre things (online dating, time travel movies, the word "jasmine", complicated company names, the Bible, Brad Pitt... ), so it should not be surprising that the government is cracking down on a technology that threatens its power to control the economy. It doesn't look very likely that other countries will follow China's lead. US regulators clearly signaled their acceptance of Bitcoin in 2013, and there has been little sign that they're changing their minds since then.

Bitcoin isn't banned in China, There has to be a distinction between ICO, exchanges and bitcoin, which most newbies are finding hard to do.

The closing down of exchanges and the new regulations in ICO, did effect the price of Bitcoin and altcoins for a while, but the market is recovering slowly.

It is a sure thing that China have an influenced and power to moved the bitcoin and other crypto currencies because there are lots of Chinese bitcoin investors will support their government and sell their bitcoins infecting other non chinese people that easily panic and decide to sell their bitcoin too making the selling demand to be at high last weeks.

Bitcoin is not banned. China only ban investing ICO project. As you can see the price of bitcoin dump to 3k$ few days ago is the result of this case. Altmost exchanger in China are closed. But I think we no need to worry cause China can't affect to Bitcoin price all the time, it olny happen in a shot period

There are rumors of bitcoin network disruption to be implemented in China, if they are banning ICO and exchange, next step will be a total ban, this may have a huge short term impact on the market.

Be prepared.

Obviously this has something to do with China, but the most chaotic situation is the bad issue of people who hate bitcoin and want to destroy it. But it's not long, because now the bitcoin price has started up again and has started approaching the highest level this month. And to the people who panicked yesterday sell his bitcoin, is currently mourning for his stupidity.

Bitcoin has never been banned in China and will never be. It seems like those little games are being played by China to speculate crypto currencies as they are the one dominating crypto market.

China definitely have some part in it. But no need to worry about the events during the past week. We will be back on track in no time and this week might just be the start of the rise. And the drop is actually normal and in fact healthy for btc.  If you do some research, you'll see that these things are just normal and have happened in the past years.

yes chinese users were panic selling because the ICOs and bitcoin exchanges were banned so, their bitcoin can't be locally exchanged in china that's why they are panic selling and price crash although the news of banning ICO and bitcoin exchanges did affect the price and also the bitcoin is fraud comment of jamie dimon of chase bank contributes the price crash.

seems to have a very clear impact on bitcoin prices when China bans ico, as China is one of the largest bitcoin markets. But that does not last long, bitcoin prices rise again.

it is the effect of the news spread chinese, happened panic where which cause many people sell their bitcoin so make the price fall. but look now, I think everything is back to normal.

The biggest bitcoin user according to the news is china, but i'm sure even though bitcoin in banned chinese users will continue to be bitcoin users, this is because they feel bitcoin is profitable and too easy for bitcoin business even though it is banned, and I'm sure this will not have a big impact on bitcoin prices.

Bitcoin isn’t banned in China, ICO is, maybe they’re planning to join in either directly or indirectly in this field and they are restricting access to this so they can control it.
For further reading ( https://www.coindesk.com/chinas-ico-ban-understandable-reasonable-probably-temporary/ )

Yes of course. because china is one of the big player in bitcoin. the price will surely fall due to market sentiment which indicates a negative response caused by FUD. but after some time Bitcoin surely will show better growth ever.

there must be. because china is the center of the circulation of bitcoin and china has the largest bitcoin mine of course this influence. but there's no need to worry that china is part of bitcoin whereas bitcoin countries have been massively used bitcoin will be the world's largest digital currency value in the near future and this shows China is not something to be afraid of.

yes it did affect the price of bitcoin, if we look back,when they just banned ICOs, bitcoin's price went down, even with the shutdown of exchanges, bitcoin's price went down, since china has a large population that uses bitcoins, their move did had an impact on the price of bitcoin, since it did not only affect china, it affected the whole world, more people with weak hands, started to sell out their bitcoins because of the news. i think now, that the price is rallying up, it is already high and some of us could not even afford 1 bitcoin, if china is still in the game, the price would be much higher, since a lot of them are in to trading on exchanges and i think only a few are hodlers. we should also consider the fact that china has a great influence, especially in asia, a lot of countries have chinese nationals and still they follow what the chinese government is saying,i think it is because of the reason that back in china, they are forced to obey rules and that might be an influence to them as well. in general, the chinese do have an impact, but it can be minimal, if bitcoin users, will not let what happened in china to affect them, we all know that bitcoin will still rise and will survive even with all the negativity, we should just get over with china and move on, if they do not want to have bitcoins, it is good news for most of us, since we can buy those bitcoins, that they sold for a much cheaper price.

In my opinion Technical analysis is my best indicator for that
And chart always say what news will do
And my TA says that bitcoin will start retrace now
May be till 3500 -3800$
And on that prices we will see what's going on again

Well i think it did indirectly affect the price.
The News of Chinese Exchanges closing because of Chinese "Regulations" about Bitcoin Made a Lot people Panic.
This had the small price Drop as result.
But nothing Bitcoin couldn't recover from.

Yes, China has a very strong influence on the price of bitcoin. It's true. But I think it's temporary. Some time will pass and the situation will stabilize.

prices recovered after the Chinese ban, and now korea, but there is no decrease and no effect at all. this is great for crypto.

bitcoin will recover slowly, if china is still in the game, the price would be much higher, since a lot of them are in to trading on exchanges and i think only a few are hodlers. we should also consider the fact that china has a great influence, especially in asia, a lot of countries have chinese nationals and still they follow what the chinese government is saying

In the short-term, there will always be volatility. Some people will react to the news by selling. That's how it is.

Doubt it. There's a high chance that it is just returning to the market after the entire shitstorm with China, now it likely is just everyone getting back in and making use of the low values. I don't think China had much to do with it, but it might have had some implications once the news spread that China is just cracking down on ICOs and not trying to shank the entire crypto economy in the back. It affected the price before, but it seems like it is done suppressing the market now.

If the bitcoin banned in China of course the price was largely affected, because Chinese country is one of the most large group of people who invest in bitcoin. So maybe it gives big lost in the part of crypto currency exchange. However I'm looking forward that it will not happen and hopefully ICO's of China was delete the banning system.

It looks like the "China ban" thing is no longer significantly affecting the price and has been officially shrugged off as bitcoin has recovered back to where it was before the China ban news (and commentary by Jamie Dimon) was released:

http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter (http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter)

It seems that traders in China are circumventing the shutdown of exchanges by moving to peer-to-peer exchange services and messenger apps.

http://www.scmp.com/news/china/money-wealth/article/2113401/chinas-bitcoin-market-alive-and-well-traders-defy-crackdown?utm_content=buffera7743&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer (http://www.scmp.com/news/china/money-wealth/article/2113401/chinas-bitcoin-market-alive-and-well-traders-defy-crackdown?utm_content=buffera7743&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer)

Yes ofcourse there's a possibility that the value of bitcoin going decrease but dont panic becuase bitcoin will rise again to the highest value so keep earning bitcoin becuase bitcoin is strong cryptocurrency.

Do you think China was a punk? you are wrong baby. Why else did Bitcoin price dropped? It is due to China. It is not me saying in the favor of China, this is how the real situation makes me to say it. Bitcoin reached $5K when China announced to ban crypto and now see how we been through crises dealing Bitcoin at $3K.

China did not even ban Bitcoin. They are regulating ICO that's why bitcoin's price is going down. Some of the chinese traders are on a panic to sell thier BTC that's why the price droped.

Yes it did affect the price of bitcoins.Banning of bitcoins by China did affect the value of bitcoins but it was not for long.This is not the first time though,China has affected the price of bitcoins by creating a fuss several times but bitcoins recover fast.This time banning of Bitcoins made the price drop to $3000 but today the value of 1BTC is $4420.

Correct, China didn't totally ban Bitcoin. They are regulating ICO and closing exchanges. But it likely that the Exchanges can operate again once they implement a new law that includes licenses. But I believed that the drop of price maybe have been caused by them, but the effect was minimal. Its now over, they have little or no effect on the market price now as evident of the current price. And we need to get over with the Chinese news, because we have moved forward while they are making a step backward with regards to their support of bitcoin.

I really do wonder! I saw a topic on forbes some few days back and I saw thesame thing, then I was a bit surprised maybe I was the one a little behind the news but from all I saw only exchanges and ICOs were banned and even exchanges may still come back being regulated. If bitcoin was banned in China, then obviously mining operations will no longer go on and that would be crazy but even China wouldn't want to do that. So it surprises me how a lot of people keep mixing up exchanges and bitcoin as same thing.

China banned the bitcoin but it does not affect the pricing it experience in the past weeks, the fluctuations is just a normal activity for bitcoin, it drops then suddenly pump besides there's so many people using bitcoin and I don't think majority of them is in China. Maybe China will realize bitcoin is good after the pump that is happening now and may stop banning bitcoin.

 I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week.

China did not ban bitcoin...

Why does everything think that bitcoin is banned in China, and when bitcoin is banned by just one country that bitcoin has no future? It doesn't make any sense at all to me. Bitcoin is decentralized, it can operate without governments.

It has affected price, but i think its effects are wearing off. Bitcoin is going bullish once again.

Well even if it did, I'm somewhat positive that it would affect the price as China is the leading miner of bitcoin, no denying that. But if you look at it in some other way, the price would be affected just for some short time due to a dump at that time of ban.

Yes bitcoin will rise again new information China’s First Bitcoin Exchange Finally Closes Down, Bitcoin exchange BTCC has closed its CNY trading platform in compliance with the China ICO ban, marking the end of an era for the bitcoin community both inside and outside of China.
BTCC made the announcement on Twitter, noting that it had operated for a “world record of 2,305 days.” Indeed, the vast majority of bitcoin users likely cannot remember a time before BTCC. http://www.altcointoday.com/chinas-first-bitcoin-exchange-finally-closes-down/ it will affect to the bitcoin price.

The only think that they ban for sure is ICO. There were talk that they ban bitcoin but with no supporting news or articles, this was more for them to buy cheap bitcoin before he started to rise again.

China.. Who???
Didnt look like it did affect BTC in the long run.

the only thing that i see from this is people gets panic and start selling their bitcoin although the news is not true. it seems they don't think twice when they heard the bad news and not searching is this true or not. although the price is down, bitcoin is still strong enough to start rise again and it come back to increase more.

Guys, what are the current forecasts for the bitcoin rate?, the fall will be? or correction?
to buy me need already...

I think it is yes, because china is one of the big country that bitcoin have to support. But the price of bitcoin will come back again for those people need to survive for they daily life.

You are right bitcoin was being use very highly in the china. The bitcoin is being use by almost everyone. The price of the bitcoin will grow more if the use of the bitcoin will be high. Bitcoin will not be affected if the china will ban bitcoin because as the china is using bitcoin the same way a lot of the other countries are using bitcoin and they are taking the profit.

They didnt actually said that they would ban Bitcoin itself but they do only tend to ban ICO and regulate exchanges which it somehow affect its price specially into those times but eventually it did able to recover up in few weeks and the fud about on the end of the month of september on where exchanges would be closed i didnt hear any news and seems the price isnt really affected at all since it somehow stabilizes on those ranges and now we are climbing up again for 5k usd. We are now and im glad to see again the price of 4.4 range which we can assume it would rise even more on this month.

Yes thats true. Bitcoin price deflated for almost 10% , I think thats because China banned bitcoin in their country, we shoukd acxwpt and see the fact that China has been one of greatest and most influential contributor of world's economy as well as in in the bitcoin community but even though that they banned it already bitcoin has started to bring back its value which is giving us a hope that speculations about bitcoins's end will end definitely cause it can stand alone.

China has lost his importance in crypto market and now there will be no hold of Chinese in this field bitcoin is successfully surviving without them and no other harms are done to this and this shows that bitcoin is not depending on any nation it is independent and it will progress by its investors not by countries, so china is in past now.

Around the time when ban happened, yes it affected price of Bitcoin. But on longer terms, we see that it did't affect it. Price is a bit below, than it was back than, but it is not that much important.
Because of China's ban people got afraid, starting to fear about losing their money, which led to selling their Bitcoins. Things like that happens a lot, because there are a lot of inexperienced people dealing with Bitcoin. Price of Bitcoin fluctuate a lot, and all who deal with Bitcoin for long time know that it is something normal. So when something major like China's ban happen, fear is what leading people to panicky selling.
So my opinion is that at the end China's ban didn't affect price of Bitcoin.

Yes a drop was before some days.
But now its ok. It will pump again I believe this. No one can fully stop the bitcoin. Its now worldwide.
So don't worry about it.

I think it's of course this will greatly affect the price. After all, China is the most progressive country in the crypto currency market.
I think the market will fall very much if the BTC is banned in China! >:( :-\

Not at all bro.Who said hina has banned the bitcoin.Its a fake news.China had  fear that the bitcoin will replace the their own currency.So you may check the any site about this .You can Check that so,It will show as ,china using the bitcoin.The price of bitcoin is again raised due to that china make the bitcoin legally.

After china decided to ban Bitcoin the price is reduce not only that another local exchanger also get frozen. In this issue make Bitcoin down, no wonder there are also many investors who invest in Bitcoin. But a few days later Bitcoin price recovered and back to $4200.

JP Morgan's Dimon's statement really didn't have any impact on the value of bitcoins at all, It was really all about the closing of the exchanges which dropped the price and further rumors that the Chinese were planning to ban Bitcoin and other cryptocurrencies. With every challenge thrown at it, Bitcoin seems to come back even stronger than before.

They did not banned bitcoins. They banned ICOS. And those ICOS were banned because of FUD and they believed that ICOS are just scam in their country. And so they created their own bitcoin.

Yes most of peoples not understanding this rightly and speaking out rumors which are not good China is not going to ban bitcoins its just for ICO's which is right because already many scams and this is not only in China some other countries also banning ICO's for better protection of peoples money I believe its not going to hurt bitcoins price

Yes, China have caused a huge impact on bitcoin prices to drop since the Chinese government announced the ban on ICOs, and issued the orders to shut down all crypto-currencies exchanges that operates in China, I guess it will take quite a while for the price of bitcoin to recover to its original high before the drop.

yes! its absolutely affect the price of bitcoin when china banned it, because we know that the country china is have a great role in the industry and in the terms of bitcoin. its a high percent on china. so if they banned it, it can affect the price its really falling down the value of bitcoin and its possible that the other alternative coins will surpass the bitcoin value if it continue. but i believe that the bitcoin user in the china makes plan and move to make china back again in the world of bitcoin because they love it.

It did for a short-term, now it's back on track.

Bitcoin price is affected by China government banning ICO but not as a big as expected because the price of BTC bounces back after its announcement it means that BTC is still stronger in spite the odds ,meaning it is not easily be manipulated by any economic turmoil, kudos BTC.

Price of bitcoin rise and falls in seconds. The news of china banned bitcoin is fake and if its true it will effect on bitcoin for a little while and it's value will rise or come to normal again. So you don't have to worry about China banning Bitcoin in China. Don't sell Bitcoin cheap by panicking.

Are some people still under the impression bitcoin is actually banned in China? Because it's not.

Yes, because of some issues ico Nan has taken effect over the entire digital currency network. Little by little the price keeps on increasing and now it has retained the value from which it started to go downwards. Without doubt the impact felt over bitcoin because the issue is simply big.

I think it has affected the price when the ban it,
The price crash down and some bitcoin owners did panic so they have some effect in the price because of it.

The banning was actually a disaster. It affected not only the prices but the holders also. People start panic selling out due to which the price further decreased. China was one of the greatest supporters who welcomed bitcoin warmly.

However, it was not trying to kill bitcoin rather trying to save the investors from frauds. I have heard about regulated ICOs from China now.

Such a big news did not affect the price so badly I thought. Which shows how solid Bitcoin is right now.  8)

What's the source on Bitcoin being banned in China? Can you really not use it by law as a citizen living there?

Yes fluctuation prices. because other investors or traders withdraw amount of bitcoin. They know China has a big impact in the society right now. If their government will regulate Bitcoin then expect a pull back price and it will go wide as we expect the price of bitcoin next year $13,000 by 1st quater of 2018

No wonder such propaganda news are spread everywhere. New people entering the market obviously get tempted to get bitcoin but are in a dilemma when the see the huge price of bitcoin. Thus they resort to scaring people into selling bitcoin so that they get a cheaper price of bitcoin. I dont know when this news was seen or if the source was true or not and this is just a FUD rumour. Even if people do sell some bitcoin thinking their country will also ban bitcoin there are methods to anonymize yourself and still use bitcoin.

The price dropped significantly after 1-3 weeks of China's banning of ICOs. This move resulted to a decrease on the miners and investors (as China contains the most number of miners), resulting to a decrease from $4400 to $3200. Many people took it as an opportunity to invest since it is inevitable for its price to increase on the future, which actually came true. But do remember that one country cannot erase bitcoin's existence even though they may be considered as one of the major trading platforms around the world.

I think it is really affect the price, because China is one of the biggest potential to invest in bitcoin ,we all know that China is also known in business so investing is maybe like a business, well i think that is one of the reason why bitcoin dump again lately. (Correct me if im wrong) its just only what i think.

It really did negatively affect its market value and not only bitcoin but the whole cryptomarket. When China banned Bitcoin exchanges and ICOs, its market value fell down to 3500 from 4800 in just a week, so obviously it affected its price. But the good thing is that ,Bitcoin is able to slowly recover and now again, on the 4200$-mark and is still increasing. Hoping that the increase qill now be continuous.

its happen because china is the largest bitcoin trader and miner on the world and when bitcoin banned in china there are massive sell and affect to price of bitcoin and falling to 4300$ right now

China is one of the highest contributor in the crypto world since the electricity consumption in their country is cheaper than others then running a mining hardware is really a huge advantage to them.

yes, china's banning of bitcoin did have an impact on the price of bitcoin, since bitcoin still is an investment and it follows the laws of supply and demand, during the china crisis, a lot of bitcoin users panicked and forgot that they are in it for a long term and not just to dump their investments, and so we saw a huge volume of bitcoin went into the surplus and made the value decreased, but thanks to that, bitcoin's value became more affordable to the rest of us and we can see that bitcoins are being bought everyday, however it still is not enough to compensate the value which it had lost, during the banning of china. i think there are pros and cons since it had happened, the pros, a lot of investors are now more cautious of the news and the cons is the value, but we are talking about bitcoin here, bitcoin's value can still rise up.

That's just a propaganda I think. You know the panic news happens whenever new things get on trend. Well banning the BTC in china can affect it's value but I think it's not significant.

The banned in bitcoin from china affected the price a lot and you can see that there is a huge dip or red candles in the price chart of bitcoin and that is why the people panicked because of the news about the china who is banning the cryptocurrency exchanges and the ico and it leads for the people to think that they completely banned bitcoin and that resulted for a huge dump.

Of course it affected to Bitcoin price but only in few days. As I remember at the early of this year China had closed 2 biggest cryptocurrency exchanges in their country and it dumped Bitcoin price a lot and few weeks ago China did the same as they was at the early of this year and of course there are no exception, Bitcoin price dumped from over 4k$ to under 3k$ but few days after that Bitcoin price came back very quickly and now it's about 4k4$. Although China has big effect to Bitcoin price but it's can last too long.

Chinese Ban is not that much matter of discussion now in future there will be no effect of china on the market, because bitcoin is not depending on any country as china banned it they are on a huge mistake and in coming future they will regret about what they did, and banning bitcoin means to lag in the progress of economy and digital technology and now they have no hold in future and that’s a good sign.

it has a bit of influence. but BTC will gradually stabilize. You can see the price of bitcoin is still very high

I think this is a bad intention of the Chinese people. They hit the closed door bitcoin news.  they will buy bitcoin at low prices

Yes it really does make a big deal on bitcoins because it costs almost $ 1,000. But because of the amount of people who support bitcoins it's just quick to get up again. So we're constantly investing in bitcoins because it will increase in price over the next few years.

Those first claims that Bitcoin is banned in China was Fud driven and people panicked way too early. The price did drop

because of that and it is only now recovering slowly, when people realized that the Chinese are not implementing a blanket

ban on Bitcoin. The Chinese also moved some of their coins from exchanges, because these services are the first to be

targeted when a ban is threatening.  >:( {Less trade volume on exchanges = lower price}

Whenever fuds happen,newbies were easily get frustrated since they want an easy money witout knowing that it will be much better if they'll do a long term investment. China bans just show that btc can still recover even slowly.

Correct this time US and Europe work together and this is something that they need to practice more cuz, no one want to bitcoin be controlled by Chinese, maybe this is my point of view but maybe most of you will agree, when we sleep they make moves.

Now with recovering in slowly process think that it finally good to say that we could expect to see price going over 5000 again.

We are almost hitting 5000 price range which we can really say that those banning ICO and closing exchanges did really affect the price too much which means there is really a strong support on bitcoin which it cant really be easily take down.

In retrospective, the China news did not hurt Bitcoin too much. Bitcoin has had a rocky few weeks, all-time high in September of $5,000, then declined sharply to below $3,000 in the next two weeks.
I think Investors were mainly concerned about the sharp price rise but also some of the regulatory clampdowns by China, banning ICOs. The largest Bitcoin exchanges in China have also shut down their operations there.
But the Japan boost is doing good things to Bitcoin price too. Japan is willing to fill the void left by China with supportive regulation. Major retailers have began to accept BTC as a form of payment. And last month, Japanese financial services watchdog recognized 11 companies as registered cryptocurrency exchange operators.
So future looks bright to me.

The problem china bannes bitcoin becuase they think that this is a fraud lol or they did not get any thing from? Becuase bitcoin cannot control by any goverments but i think if china banned bitcoin i know that bitccoin is a strong cryptocurrency it can walk by it's own feet so maybe it decrease a little but  i know that bitcoin iscincreasing aagain.

According to the news the price of Bitcoin fell sharply after Chinese regulator announced organizers ban from raising funds using ICO's.But despite Bitcoin price falling I expect this move short-lived.

BTC has been affected by this China issue last month. BTC has gone so low but as we all know it. It recovered again and as of this moment, BTC price is already surging 4.8k USD. maybe hitting more than that by the end of this year. We cannot be sure because i think there will be a coming fork come november. We just need to take advantage of it.

I think it did affect the price as long it is related of course it will affect the price when china banned bitcoin bitcoin suddenly decrease a little but of course just like what bitcoin always show it bounced back so there's no need to worry it is normal that new from around the world as long as it is related to crypto it will affect its price either it will increase or decrease..

the decline in the selling and buying price of bitcoin is quite influential from China because China is the world's largest supplier after Russia where the total assets of china to bitcoin total up to 22% of the total bitcoin that has been circulating around the world. but the future of bitcoin is not just about China because other countries still use it so it will still be used by the world community

I think no not only china has a big bitcoin holders but also japan and korea there are a lot of country also holding a lot of bitcoin maybe there are small affect but not that much bictcoin is strong

Yes it is normal, that if a moving virtual currency is banned in such a large country, it will have a slight paradoxical effect on it.But Bitcoin has managed to overcome it completely.Bitcoin prices may fall slightly but now it is rising again.

The moment China announced ICO is being banned, the price of Bitcoin already reacted, it fall down and go way deeper when China announced that they are shutting down exchanges.  China announcement always have an affect to Bitcoin price.  And the recent rumor about announcement about CHina's possible opening on new licensed exchanges somehow bring positive impact to the price of Bitcoin.