Will China buying help the price to recover?

[thejaytiesto]

The price going up always helps no matter what, since the people that is still outside of Bitcoin start getting nervous and fear of missing out kicks in and they start trying to get in at market price, which keeps going. There are still a lot of idiots out there with no Bitcoins that are waiting for the perfect price since they are too stupid to understand Bitcoin is extremely cheap.

[abugseuf]

no i am not agree with this statement, i think china is not going to produce any artificial change in bitcoin, there is no doubt that china is supporting bitcoin, but they are doing so through investing more and more money but not for influencing the price of value of bitcoin but just supporting it.

[Maesters1-]

i think they must he helping bitcoin to recover their previous position, as china is a big support of bitcoin therefore we can expect that they will be willing to recover the previous position of bitcoin.

[PacePay]

More Chinese investors might start to take bitcoin more seriously after the recent devaluation in the Yuan.

How will the bitcoin price react in regard to this?

If any asset get more investors then that asset increases in value so the same will happen with bitcoin, if Chinese will invest their money in bitcoin then the price of bitcoin will increase much higher and with that more people all over the world will also invest in bitcoin as they will see the price of bitcoin increasing.