The Chinese government has banned some exchange

[deddod]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

[Cloud27]

A simple sneeze from China can affect some of us. When the news about banning ICO in China, the price of bitcoin went down. Now a news about banning bitcoin exchanges, the bitcoin price has gone down as well. Maybe the next news will be banning the bitcoin mining in China. Any movement from China regarding bitcoin somewhat affect the market. China is the second largest economy in the world and most Chinese are successful in doing business. Yes, there is possibility that the Chinese somehow can control the crypto currency market.

[1NV3ST0NM3]

Yes, its true that china has given reports about planning to shut down local cryptocurrency exchanges. They have not banned any yet. But yes this news has been affecting the value of bitcoin for a while. And yes why China is a major controller of cryptocurrency considering the fact that it has a booming economy and a lot of investors there had bitcoins. But I still feel it is a temporary setback only.

[_IRMAN]

it's just fake news.
it's all just a game from big investor to make everyone panic selling, after panic selling happens their chance to buy bitcoin prices at cheap prices. LOL

[BrewMaster]

The Chinese government has banned some Bticoin exchange.

did they really?
i can not find any reliable sources about this. only the shitty news sites.

on top of it the Chinese exchanges all released statements that they are working fine like before!

so where did you get this from? LOL

is this the cause of the Bitcoin price down?

no, the reason is idiotic panic sell

if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

i think you are reading a lot of bullshit online and mostly from these shit news sites. and i think you need to stop it and start using your own logic.

[khanhnguyentraveller]

of course china can do, any big country can effect to finance market

[deddod]

Thank you for giving me an answer.
If Bitcoin's price decline is only temporary, now I ask your opinion, is it time to buy Bitcoin at a low price?

[Juggy777]

The Chinese government has banned some Bticoin exchange.

did they really?
i can not find any reliable sources about this. only the shitty news sites.

on top of it the Chinese exchanges all released statements that they are working fine like before!

so where did you get this from? LOL

is this the cause of the Bitcoin price down?

no, the reason is idiotic panic sell

if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

i think you are reading a lot of bullshit online and mostly from these shit news sites. and i think you need to stop it and start using your own logic.

Yes the Op is partially right China is acting naughty again, how did you not find it. Here have a read.

https://www.google.co.in/amp/mobile.reuters.com/article/amp/idUSKCN1BJ1US

Even on Facebook I found many links that say that China has banned exchanges, but as of now there is a rumour it will, and that's caused panic which may have resulted in heavy sale. So far the exchanges have not been banned, let's assume it is good only, tired of this China stuff, every time they sneeze my coins loose their value. But if one sees through the stupid titles those links say Bitcoin is banned but so far nothing has happened.

[rimmyvs]

it's just fake news.
it's all just a game from big investor to make everyone panic selling, after panic selling happens their chance to buy bitcoin prices at cheap prices. LOL

yeah how many times have exchanged been banned in the past?  all to get clean out weak hands

[BrewMaster]

[...] i can not find any reliable sources about this. only the shitty news sites. [...]

Yes the Op is partially right China is acting naughty again, how did you not find it. Here have a read.

https://www.google.co.in/amp/mobile.reuters.com/article/amp/idUSKCN1BJ1US

the keyword that you missed in my comment was reliable.
the link you posted here is just saying because of reports on this news says that. doesn't say China has actually done it. and those reports are mostly FUD and exaggeration of a real news.

Even on Facebook I found many links that say that China has banned exchanges,

r e l i a b l e !

...tired of this China stuff, every time they sneeze my coins loose their value. ..

LOL , yeah. i am tired of it too. i hope they actually ban bitcoin so we can have 1 dip and be done with it forever instead of every 2 months.

[carlisle1]

this news is really circulating around the forum and people panics that's the reason why the current value of bitcoin is really on its downfall but considering this
is just another news that will be forgotten or will be resolved so in no time the price will surged up again and those who waits and holds are the one that will
benefits and those who sell and panics will cry out lout after.

[RayvenPierre]

China has been one of the biggest players in the bitcoin market that's why if China banned bitcoin exchanges even if it is just some of it, this will really have some effect on bitcoin. The price may even go down further because of people doing panic selling.

[SONG GEET]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

- Haven't banned yet but there is one fud with this news, nothing has been announced officially.
- Yes china have big influence in bitcoin market but it is not as much as it used to have few years back.
- Just buy bitcoin whenever there will panic sell like this one.

[pathapoddo]

I also heard that Chinese government banned some of bitcoin currency. And it is affecting the price of bitcoin.You are right, if there is any power to control the price of crypto currency, China has this control power.I don't know when wil everything become good.

[dothebeats]

PBoC have supposedly banned bitcoin in 2015 and for a few days, bitcoin's price took it's turn for the worst. PBoC then reconsidered and lifted the ban, and the trading prices went to nornal again. If there's something that China can do, it's their trading volume which could affect Western exchanges on a negative side. One false rumor in their country could bring a devastating effect in terms of bitcoin price.

[CryptoBry]

A simple sneeze from China can affect some of us. When the news about banning ICO in China, the price of bitcoin went down. Now a news about banning bitcoin exchanges, the bitcoin price has gone down as well. Maybe the next news will be banning the bitcoin mining in China. Any movement from China regarding bitcoin somewhat affect the market. China is the second largest economy in the world and most Chinese are successful in doing business. Yes, there is possibility that the Chinese somehow can control the crypto currency market.

Maybe not control but some sort of influence since I think China wants their people to get out from the cryptocurrency market as they are possibly viewing cryptos as competitors for their national currency and they are not sure how cryptos can be affecting their growing economy.

China hates something they don't have power to control of...this is the big reason why popular sites like that of Google, Facebook and Twitter are banned in China. So the question is this: Can cryptocurrency survive without the Chinese market? Maybe the answer lies in looking at those companies banned in operating in China.

[btcney]

It is a report from Caixin. It is not actual government announcement.

It could be false rumours for all we know. At least the market thinks so right now because of the fact that we are already on our way to recovery because we are up $130 a coin from the low of $4120~ on coinmarketcap. Currently it's $4250.

Just take into consideration that all the big chinese exchanges has said they haven't received any news from chinese government that rules are going to be changed from now on and they will go out of business. None.

[kenkoy]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

CHina has the second largest market of cryptocurrency. The 70% (PBOC) Peoples Bank of China is owned by Chinese Government. Though not yet confirmed, the China is planning to ban all exchanges as per the Ceo of Bitcoin Exchange in China. This is another bold move of China in crytocurrency just within a week. This had affected the price of bitcoin dropping to global market. I hope that they are just banning scam ICOs not bitcoin.

[ethereumhunter]

The Chinese government has banned some Bticoin exchange. is this the cause of the Bitcoin price down?
if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?

maybe its true because we know that china has the big power in mining and with much of bitcoin they have, they can easily to control but i really don't know. Maybe this is why bitcoin price is drop until deep price but fortunately the price is back to go up.

I see the price is fallen because bad news and i think many people in the market is panic selling and makes the price is drop.

[Maum]

I guess it is fake news, maybe spread out by china or by missunderstanding. Fact seems to be thaz the exchangers still didn't get any feedback by government.