The Chinese propaganda

[palle11]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

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[error08]

I definitely not involved in crypto world 5 years ago, any link to source of the news?
China government have their own reasons to do whatever they want, including ban exchanges or maybe bitcoin in the future without tell the truth.
The latest crash of bitcoin price just another clue for everyone about how volatile bitcoin if facing uncertain regulation in big country like China which most biggest mining pools located in there.

[Mometaskers]

I definitely not involved in crypto world 5 years ago, any link to source of the news?
China government have their own reasons to do whatever they want, including ban exchanges or maybe bitcoin in the future without tell the truth.
The latest crash of bitcoin price just another clue for everyone about how volatile bitcoin if facing uncertain regulation in big country like China which most biggest mining pools located in there.

I was around here just around last quarter last year so also don't know much long the Chinese have been trying to play this game. I'd definitely want them out of this, they are contributing to most of the uncertainties with their announcements. I think bitcoin would survive without them, of course assuming that the mines stay in place. Still, if it ever comes to that, I'm still optimistic that some other country would become a large mining site. Maybe Norway? They don't have cheap parts but they do have cheap electricity.

[bob3772]

Very similar news came out of China in late 2013 when they banned bitcoin and this was one of many reasons why bitcoin took a huge dump from over 1k to around $200. Bitcoin and crypto's survived it then which was 4 years ago so I think it would have survived had it of been a year premature.

[Hydrogen]

Very similar news came out of China in late 2013 when they banned bitcoin and this was one of many reasons why bitcoin took a huge dump from over 1k to around $200. Bitcoin and crypto's survived it then which was 4 years ago so I think it would have survived had it of been a year premature.

The above is true ^.

At the time, bitcoin's net worth was much more centralized in china and relied more on china as a proportion of its market cap. Now with bitcoin being more decentralized throughout countries other than china, and relying less on china for value, the same announcement is having less of an effect.

There could be something said of the centralization vs decentralization debate, there.

[PokerDiceMan]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

i think china want crypto can control price
i think china goverment can create new crypto with flat price, or can control price, china not like crypto because price can't control
next after ready create new crypto and this name china bitcoin, can open market with pair bitcoin too

[tengek37]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

i think china want crypto can control price
i think china goverment can create new crypto with flat price, or can control price, china not like crypto because price can't control
next after ready create new crypto and this name china bitcoin, can open market with pair bitcoin too

I agree with your opinion, because china may want to control and control the price of Cryptocoin. After they make the bitcoin price down they will make a massive purchase to dominate the market and bitcoin prices. they will resell the bitcoin as the price begins to rise to gain the most profit. Then they make another lie so they can do the same thing.

[talkbitcoin]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

my "view" is that you need to do a quick google search to find your answers

the "China news" aka FUD has been around for a very long time. i can not remember anything from 5 years ago although there may be more but i can remember 1 from 4 years ago where the media was filled with the news that China banned bitcoin and not only nothing happened but also bitcoin price went up to the first ATH of that time!

you see, people usually forget that they are talking about bitcoin which is decentralized and does not belong to a country or a government or any other entity like that. none of them can do anything to bitcoin other than causing temporary swings in the price.

[newlone]

The impact china to btc  and create a lot of bad things to the BTC price drops. It is not so important don't bad effect to  it, and many traders know it means that it grows stronger.

[gentlemand]

Five years ago there was no chinese involvement in crypto. The rise of asics and their markets only happened in 2013. Funnily enough they mangled that rally and then put out a documentary outlining the risks of bitcoin without mentioning they themselves were the risk.

[audaciousbeing]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

If the news had come 5 years ago, although according to historical account it came 4 years ago, it did came and the effect was massive but the price was able to recover after a long period of time. But this time when the population has increased largely, its safe to say that acts as a buffer against the news and thats why the fallout was still within acceptable range.

In the future when the expectant population of people who believe in bitcoin has increased and multi-nationals use the currency as well as countries adopting it, effects of news like this will only be marginal or not affect it at all. Till then, we still have to live with this and hope to get out this recession pretty soon.

[AtheistAKASaneBrain]

Five years ago there was no chinese involvement in crypto. The rise of asics and their markets only happened in 2013. Funnily enough they mangled that rally and then put out a documentary outlining the risks of bitcoin without mentioning they themselves were the risk.

Yeah 5 years ago was too early for them to care. Probably around the MtGox era, if they had cracked down on mining farms and exchanges too at the same time as MtGox (the biggest and pretty much only exchange) crashed, it would have been a bigger disaster. But the thing is, they don't care until it's too late, and now it's too late for them to stop bitcoin, it's simply out there, it's impossible. Pandora's box has been opened and no amount of governments can close it back.

[Rafar8]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

China is taking more measures to prevent the use of crypto currency. After the ICO ban, the government of the country ordered banks to freeze accounts related to crypto-exchange exchanges and imposed a ban on Internet access to everything that is somehow connected with the crypto-currency trade. After that, once the world's largest Chinese crypto-exchange exchanges lost most of the turnover and were forced to change their jurisdiction, and the miners also began to look for opportunities to move.

Thus, the PRC was the strictest regulator of the Crypto-currency. This is a strange turn of events, because in 2017, Chinese bitcoin miners left more than 70% of all world's miners, and the popularization of crypto-currency in China passed at a speed much ahead of other countries.

Most likely, the strict measures of the Chinese government are connected with the country's orientation toward combating capital outflow and corruption.
 

[Harlot]

The funny thing about the news in China is that it never gets old and it still doing the sam old trick to the people which is creating FUD in the market. I don't even know why we keep falling and falling from the same trick over and over again. Also even if China really bans cryptocurrency it is not the end o f us or their citizens as one way or another they will find a way to use it legally. I think if the news of China came in 5 years early we wouldn't be much affected by now.

[Altero]

I definitely not involved in crypto world 5 years ago, any link to source of the news?
China government have their own reasons to do whatever they want, including ban exchanges or maybe bitcoin in the future without tell the truth.
The latest crash of bitcoin price just another clue for everyone about how volatile bitcoin if facing uncertain regulation in big country like China which most biggest mining pools located in there.

Obviously they can do what they want as they already knew that they are the biggest contributor of crypto. Absolutely their decision of banning crypto have a very huge effect on crypto market,  but not exactly they think that it could fully disappear these technology. We know already that not only china is supporting crypto and much more biggest country behind this thing that makes us no worries even it goes down due to China's judgement.

[n691309]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

I think it is not, Chinese is a great investor of cryptocurrency though those Chinese have no control to their government, they are just citizens that need to follow the rules of the country.
Bitcoin have got so much attention from the people all over the world and now the government and banks are having their way to stop the commotion before they get too late of having their taxes cut to 50%. but they don't need to do this but to regulate taxes . just for me.

[orions.belt19]

I think I’ve heard numerous news about China in the past and you no longer get suprised when their government comes up with something new and declares something that is related negatively towards bitcoin. 5 years ago, there must have been not much crypto involvment within their country so there wouldn’t be that much of an impact if that were the case. China always create regulations like this so there wouldn’t be much of a difference, I guess.

[bitcad4u]

Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?

I think it is not, Chinese is a great investor of cryptocurrency though those Chinese have no control to their government, they are just citizens that need to follow the rules of the country.
Bitcoin have got so much attention from the people all over the world and now the government and banks are having their way to stop the commotion before they get too late of having their taxes cut to 50%. but they don't need to do this but to regulate taxes . just for me.

The fluctuation of bitcoin price is due to chinese New year as like in past year of January and February.
Chinese also play a major role in the growth of Crypto currency.In Asia ,there are 30-45 percentage of investors are their.Before this chinese new year their may be dip in the price of bitcoin.

[bitbunnny]

I still claim that the influence of China on Bitcoin is exaggerated and users themselves are to blame for that. They give too much importance to the news from China and then react on that news creating mess on the market.
Still, five years ago the influence wouldn't be so big as now exactly because Bitcoin wasn't so developed and popular then.

[richardsNY]

I still claim that the influence of China on Bitcoin is exaggerated and users themselves are to blame for that. They give too much importance to the news from China and then react on that news creating mess on the market.

That's my thought as well. I remember how quite some people were predicting Bitcoin to suffer a major blow after the Chinese exchanges were forced to shut down, but it didn't do anything long term wise. Instead, the market became stronger than it has ever been. It basically goes up for other types of fud as well, if people themselves didn't take fake news serious anymore, the market would become a whole lot more resistant to manipulators pumping paid articles into the net, and have people shill for them in an attempt to get the price to tank. The sooner people get over all this fud, or ignore all this completely, the stronger this market becomes, but that a bit too much to expect from a market with a high influx of constantly entering noobs.