Bitcoin Prices Still Firmly Above $7000, Without China

[onrise]

This seems to be soaring high which is a good thing and somehow China if buying or already had bought it internally and then it sells later then again we can see the price crash by 1500$ or so easily.  China can easily control this market to some extent as due to huge buying/selling capacity they have it.

[omonuyak]

I have see this level as another opportunity to buy bitcoin at a lower price compare to were the price is heading to. $7,000+ is the beginning of our journey towards  $10,000. China loosing control on bitcoin is one of the best things that has ever happened to bitcoin market and crypto currencies in general.

[Hamstead]

I have see this level as another opportunity to buy bitcoin at a lower price compare to were the price is heading to. $7,000+ is the beginning of our journey towards  $10,000. China loosing control on bitcoin is one of the best things that has ever happened to bitcoin market and crypto currencies in general.

We can say that, bitcoin is on the right track. Absolutely nothing can stop bitcoin in the market, it is not quite possible to happen since we all know that more countries are supporting this. We all made this and this big achievement will can be a basis of it superiority  among crypto currencies.
Still a lot of surprises coming in this unstoppable coin and don't let this opportunity just to pass by without participating with this.

[criz2fer]

Think about all the bitcoins held by Chinese because they can't sell them. Choking off supply has always been the most effective way to pump a coin.

Those are mainly coins held by miners, and they can easily sell by doing under the counter deals with various exchanges. Chinese can still travel, so a quick trip to Korea or Hong Kong is easy and the deal can be conducted there.

that is right, chinese can handle and make a rate control by their miners, because of that i hate chinese hahaha
but they are easily to travel to another country like you wrote up there,

Since their exchangers are down, they trade peer to peer just to sell their coins i na reasonable price. Although China is out of picture in the trade bitcoin will stay strong because of the blockchain system will replace the stock market in the future

[VanDeinsberg12]

This seems to be soaring high which is a good thing and somehow China if buying or already had bought it internally and then it sells later then again we can see the price crash by 1500$ or so easily.  China can easily control this market to some extent as due to huge buying/selling capacity they have it.

The recent plan about china will try to close all of the crypto exchange in there. The china doesn't have any capacity to control or manipulate the price of the bitcoin this time. Remember after all of the exchange sites in china get monitored by the PBOC and then they are all applying the transaction fees. and their impact to the bitcoin market were decreasing a lot.
To manipulate the bitcoin market was not easy like you said.

[ASHLIUSZ]

If China has no part in influencing the price to what it is today, then that's progress for the currency in terms of decentralization because Bitcoin does not need a central power to be run like what was about to happen. But in my opinion, we still need these guys to bring in the numbers...just hope the govt can create an environment suitable enough to use it.

That might have taken place for a short time period. Because, from the starting days of bitcoin China provides maximum support to the bitcoin community as a whole. In between issues arise and gets sought out, same happened recently with the regulatory plans. This doesn't mean that they get out of the network, they still contribute and there participation is a must for growth.

[gentlemand]

There is no way in hell BTC would've reached this price level with China, or rather more specifically with the zero fee exchanges still in operation. Their closure is what started the bull run proper at the start of the year. Thanks, Xi.

[iamTom123]

It will be interesting to see what sort of impact it will have when China are allowed to operate exchanges again and whether that will be negative or positive for Bitcoin.

Of course, the market would be reacting positively to this development considering that China is a big market for cryptocurrency and this market actually remains untapped as Bitcoin has just started to get through the mainstream population when the government decided to made the big ban last September. Hopefully, when China can be back on the table it would push the price of Bitcoin further into the sky as the demand in China is right now brewing up. Hot Chinese money is soon coming back to the Bitcoin ecosystem so that means a lot. By hot I don't mean illegally-made money.

Personally, though am not looking forward for China to be back in the Bitcoin marketplace all because China had been that big source of so many headaches in the past which many times push the price of Bitcoin on a roller-coaster. Right now, it can be said that Bitcoin actually does not need China (it can be the other way around, though!) and the future of Bitcoin can still be beautiful without China.

So should we then tell China not to do the comeback anymore? Well, hope I got the power to do so but am just a poor and ordinary guy eking a good living with the help of Bitcoin.