Bitcoin successfully defeated China

[Mometaskers]

I wouldn't go so far as to say that BTC has beat China. If more than any other country, it's the Communist authoritarian government that would be most zealous of their own currency. But still this did show that btc have resilience.

Are the exchanges mentioned in the news already closed? We still need to watch closely what China would do. I don't think they'll completely ban exchanges, only put more regulations. Still, should that happen, the mines would be next. Let's see if they are willing to cut themselves of this method of generating wealth.

for today, there are quite a lot of versions of what is actually going on for crypto currency small. No one really pointed out the essence of the problem with the Chinese side. Although Bitcoin fell very low due to rumors. But today already and we want you to see that your come all the same line in 4000 dollars.

I believe it will still exceed $5000 despite all the uncertainty. When is what I'm not sure. There are still many things that can happen. What we do see now is that it already have some resilience, btc I mean. Still not to the point of being "too big to fail" but I hope we'll slowly get there.

[ecnalubma]

I think the ones who are defeated are those who dump their coins at a very low price lastweek. And the people who are smiling now are those bought big chunks in the market during that time.

But in my opinion banning will not weaken bitcoins real community and foundation. Despite of a lot of attacks and hindrances of bitcoins progress it still continues to withstand and grows stable no matter what time.

[overlord_44]

I think this problem doesn't bother Chinese rich men. They're doing what they want to do in underground. They can not live without BTC also.

[vasrasus]

I think this problem doesn't bother Chinese rich men. They're doing what they want to do in underground. They can not live without BTC also.

Soon they might announced some new alts from China, orthey will remove the banning. Chinese were into money amd business as always and ICo is the new thread of having business.

[geyayy]

I totally agree with you! China seems to be just being low profile, but I think they aren't really banning it. They may soon be announcing that they are just getting ready for big improvements or something. And I think, many chinese are still holding their bitcoins and will soon be buying more.

[goldade]

I won't completely agree that bitcoin has successfully defeated China because the battle is not won yet and until when the Chinese government comes out openly to ban bitcoin, we witnessed a further crash which is sure to happen, then if we recover and even reach say $5100 which has never been achieved before, I will then accept that bitcoin defeated China.

[reflector]

I think this problem doesn't bother Chinese rich men. They're doing what they want to do in underground. They can not live without BTC also.

Soon they might announced some new alts from China, orthey will remove the banning. Chinese were into money amd business as always and ICo is the new thread of having business.

Finance wise Chinese market already started falling from year in the fiat cash worth and economy down fall. China is one of the biggest mining and other networking parts manufacturer in the world but bitcoin miner is stop for delivery by ordering in bitmain site which is chinese based.

[ahmad21]

Bitcoin has pumped back to $4000 and up, without no chinese markets involved, proving that we can survive government bans. I am very confident now in a strong recovery to an ATH. Once we reach ATH in a post-Chinese ban environment, we are going to prove to the world that bans on Bitcoin are useless, so they will either join us or keep getting exposed.

I predict chinese exchanges will eventually be back under regulated licenses, pumping the price even further. Get in now or cry later.

China never banned bitcoin in all. All of this was done merely to regulate bitcoin. Waging a war between bitcoin vs china is absolutely wrong. Considering the growing safety concerns related with cryptocurrencies you will see a lot or currencies coming up with new regulations which will somehow try to centralize bitcoins.

[South Park]

Bitcoin has pumped back to $4000 and up, without no chinese markets involved, proving that we can survive government bans. I am very confident now in a strong recovery to an ATH. Once we reach ATH in a post-Chinese ban environment, we are going to prove to the world that bans on Bitcoin are useless, so they will either join us or keep getting exposed.

I predict chinese exchanges will eventually be back under regulated licenses, pumping the price even further. Get in now or cry later.

Bitcoin is slowly getting over its China dependency and I do not think the Chinese government is very happy about it, they thought they could control bitcoin and when they thought things were getting out of hand they thought they could destroy bitcoin and now they are realizing that their control over bitcoin was nothing but an illusion.

[CroDam]

This is battle of titans, I hope btc will win

[Zicadis]

Whether we like it or not.. all world news in the line of cryptocurrencies has a ripple effect on the price and to make the digital more decentralized and robust from fluctuations caused by individual countries we need more countries to make their mark by showing some support to  avoid this china monopoly people speculate about

[Sled]

This is battle of titans, I hope btc will win

Bitcoin won this game and you can see that even the china banned bitcoin you can still see that the price of bitcoin is not dump very hard and it is just a small changes in the price and it seems that it is planning to go up again and that is what we are waiting for because if you bought bitcoins at the dumping session of bitcoin then you have cheap bitcoins and waiting for the price to go up.

[faceoff97]

The fact that Bitcoin remain its high value regardless of banning bitcoin in China is a good thing. This only shows that bitcoin is not dependent on them, there might be small changes but it does not really affected its value. Instead of dumping, we can still expect that its value would rise really high. We can say that bitcoin really bit China once it reaches $5000 and this is very clear would happen. There would be many regulation and adaptation to do in this bitcoin phenomenon.

[Saoha]

Bitcoin has pumped back to $4000 and up, without no chinese markets involved, proving that we can survive government bans. I am very confident now in a strong recovery to an ATH. Once we reach ATH in a post-Chinese ban environment, we are going to prove to the world that bans on Bitcoin are useless, so they will either join us or keep getting exposed.

I predict chinese exchanges will eventually be back under regulated licenses, pumping the price even further. Get in now or cry later.

All is Chinese, they deliberately give bad news to Bitcoin; and made Bitcoin dump sharply. What they get is cheap Bitcoin. We can not deny the huge Chinese market so it will affect Bitcoin quite big. However, China can not fight the world. And now that Bitcoin has increased back to $ 4000.
I received the news yesterday China has a big conference on the future Bitcoin Cash. It seems that they will use it instead of Bitcoin in their own country for easy management.

[Lenzie]

Well bitcoin survive chinese banning but it doesn't mean that it will conquer and survive the government banning.
It's good that bitcoin is back again and I am hoping that after the chinese exchange are regulated again, it will go to moon again.

[jekjekman]

Bitcoin has pumped back to $4000 and up, without no chinese markets involved, proving that we can survive government bans. I am very confident now in a strong recovery to an ATH. Once we reach ATH in a post-Chinese ban environment, we are going to prove to the world that bans on Bitcoin are useless, so they will either join us or keep getting exposed.

I predict chinese exchanges will eventually be back under regulated licenses, pumping the price even further. Get in now or cry later.

Bitcoin is not fighting against China though so why would it defeat it, the price fall down happened because of some people that really affects with the news of banning and this Jamie Dimon guy, banning of Bitcoin in China will surely slightly affect the price but if they just ban the mining of cryptocurrencies there then I think that's the time that the price of bitcoin will drastically go down.

Many Chinese people still hodl their bitcoins because they are good at numbers and they know to themselves that banning exchanges to their country is nothing as they can still find a way in accessing it as long as there is an internet and VPN or any other way to breach this ban.

[omonuyak]

Bitcoin has pumped back to $4000 and up, without no chinese markets involved, proving that we can survive government bans. I am very confident now in a strong recovery to an ATH. Once we reach ATH in a post-Chinese ban environment, we are going to prove to the world that bans on Bitcoin are useless, so they will either join us or keep getting exposed.

I predict chinese exchanges will eventually be back under regulated licenses, pumping the price even further. Get in now or cry later.

bitcoin value did not come from governments but from the enthusiast who keep promote the freedom bitcoin come to provide for us. Chinese government cannot outrightly ban bitcoin as this system is decentralized and bitcoin did not need governments to realize it potential. I will advise China regulatory authority to stop creating enmity with bitcoin as in future this will affect they government as bitcoin will be use to negotiate international financial policy.

[glowing10]

I think this problem doesn't bother Chinese rich men. They're doing what they want to do in underground. They can not live without BTC also.

I think China has smartly banned the ICO and they knew the market will fall which happened and from their the big institution or government would have started buying btc and thus they would have made huge profits by now. This will help them for their economy.  This might be a tactical move from the government itself.

[South Park]

This is battle of titans, I hope btc will win

It is not a matter of hope, if China withdrew form the crypto market then that will be a very hard blow for bitcoin but that will not be enough to kill it and then after some time bitcoin is going to recover and we will reach normality after a few months, so if China eventually bans bitcoin we will get over it.

[UsernameBitcoin]

Of course Bitcoin successfully defeated China, it's a decentralized network of computers! Look what happened when they tried to stop torrents.