Bitcoin banned in China. Did it affect the price?

[carlfebz2]

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.

[junoreactor]

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.

[Kahoy01]

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

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.

[kutongcoin]

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.

[kenkoy]

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.

[lvincent]

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..

[KevinSutrisno]

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

[Vanester2014]

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

[Rosa Paula]

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.

[cryptomium]

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.