Bitcoin successfully defeated China

[wowanstrong]

Yesterday bitcoin soared very high despite all prohibitions. I believed that he could grow even with the prohibition of China. Only the Chinese in this case are very much losing.

[coinplus]

Its not about Bitcoin V's China, its about China being able to embrace Bitcoin and other crypto currencies in a way that their citizens dont get ripped off in a systematic way. There were a dozen ICO's a day goin on in China, and half of them were pure scam jobs, that was very bad for crypto in the long and short term. I think that there will be some form of oversight in China announced after their party conference at the end of this month and business as usual will resume (minus all the scams).

Honestly, sometimes we always end up blaming the wrong people and just like you have said, which I totally agree with, China was just trying to do her citizen a favor and some gullible people who don’t take time to research more on ICOs before investing.

This would have had a bad or probably a negative influence most especially on ICOs eventually and wont have been good. The step will only help to sieve out the good ones from the bad ones at the long run. China still understands the gap bitcoin is going to fill and they would not want to miss out on that at all.

[Activitycoin]

bitcoin prices have indeed fallen due to chinese decisions banning bitcoin, but bitcoin managed to defeat the Chinese government, now the price is back on the right path, bitcoin is heading to the price 5000. continued success for bitcoin.

A month ago things where in turn moil with China intervention on ICO ban and exchanges banning which was really bad for bitcoin. But also is it a possibility that China government or some institutions started buying hugely after the fall and thus this has helped the price to be on recovery mode and reach above 5k today.

Yes I agree with bitcoin manage the situation when china banned bitcoin but the interesting thing is when china banned bitcoin in his country so some other develop countries accepted bitcoin which is a very good for bitcoin and still more countries are going to accept bitcoin so think it’s a very big defeat to china when other countries accepted bitcoin.

[Sebas.tian]

Same thing will happen after the fork, I suspect it would go back down a little then pump like crazy. I'm expecting two events this year that would make increase in price (bitcoin gold and segwit2x) so I'm going to buy more until then.

[GoodLuck2]

Same thing will happen after the fork, I suspect it would go back down a little then pump like crazy. I'm expecting two events this year that would make increase in price (bitcoin gold and segwit2x) so I'm going to buy more until then.

If both of these events will happen there will be a great opportunity for the investor to acquire a lot of profit and there will be a breeze of pleasant profit will be for the investor and china was in past now bitcoin knocked out china so that they will never be able to join the caravan of profiteers and development again bitcoin has ability to survive in such conditions.

[peterthegreat]

Bitcoin successfully defeated China because Bitcoin is independent and China is just some entity that has no jurisdiction in cyber space. Nobody does and that's the beauty of BTC.

[Visbay]

I'm quite sure China will come around because they have all it takes - name it, cheap electricity, population, enough icos. They won't like to be left out from the benefits of bitcoin. I'm thinking they would come back stronger and trying to regulate  or license whatever is happening in there jurisdiction as appertaining bitcoin and altcoins.

The bans on icos and exchanges were never about money, it was about controlling their citizens and even more importantly their money, they do not want to lose grip in their country and bitcoin allows the people of China to move their money freely and the Chinese government was terrified about this and that is why you have seen so many actions taken in the last days and weeks.

Well in my opinion bitcoin has a good quality bitcoin is not going to invite people to join it attract people toward and countries toward it self when china banned bitcoin in his country so some other countries open their doors for bitcoin and they accepted bitcoin in their countries and they have a big support with bitcoin so bitcoin don’t care about china.

[jekjekman]

Bitcoin successfully defeated China because Bitcoin is independent and China is just some entity that has no jurisdiction in cyber space. Nobody does and that's the beauty of BTC.

Yes, bitcoin is independent and really depends on the number of people who trusts it. Maybe some of the Chinese are still trading their coins or if not since Chinese was able to mine a lot of coins before and if they can't release it that only means that the supply of the coin in the market was decreased.

[DaftAjax]

I'm happy with this, and this is proof of and enhances the sense of optimism for all bitcoin users about the future of bitcoin to get better even though many countries are banned bitcoin. I'm sure more and more countries are banned then bitcoin is getting popular.

If Bitcoin would be popular as you think it will be then, those countries that have already banned Bitcoin will probably come crawling back to 'not banning' Bitcoin because despite being volatile its price is quite incremental and have quite a pumped in just months.

So the expected price of Bitcoin before the end of this year will be as expected, if it will not be doubled then it will be tripled. Let's just hope that the incoming fork would not affect this stable-increasing price (that's weird how come that it is stable if it is increasing? Well, you'll get it eventually).

[Activitycoin]

I'm quite sure China will come around because they have all it takes - name it, cheap electricity, population, enough icos. They won't like to be left out from the benefits of bitcoin. I'm thinking they would come back stronger and trying to regulate  or license whatever is happening in there jurisdiction as appertaining bitcoin and altcoins.

The bans on icos and exchanges were never about money, it was about controlling their citizens and even more importantly their money, they do not want to lose grip in their country and bitcoin allows the people of China to move their money freely and the Chinese government was terrified about this and that is why you have seen so many actions taken in the last days and weeks.

Yes there is no doubt that bitcoin defeat china and I heard that china want to bring back bitcoin when china banned bitcoin so some other develop countries accepted bitcoin and other countries are trying to accept bitcoin and if we see the price of bitcoin its also good then before and day by day his users are going to increase which is a good thing for bitcoin.

[Kisanaq]

This is evidence that the decentralization system can answer all the problems that exist, no one can control the bitcoin so that even if the country banned bitcoin but in fact bitcoin can continue to survive and the price continues to rise.

[Undermood]

Bitcoin has a very big power and the biggest economy in world is China. But China cannot choose to war against bitcoin. They know they will lose.
Wellcome to the new world order.

[Vastraint]

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.

This is the sign that even the former big players on BTC industry can't bring it down, unless the world announce that BTC and crypto is illegal then someone and somewhere there are , people, group of people, organizations, that will use the piece of technology that Satoshi brought to us. This will be a long war and were not done, they are not done yet, brace for some changes.

[andrei56]

Bitcoin has crossed all previous market records and is now $5118, a weirdest experience first ever in economy.
This is an obvious truth that we alone could manage the cryptocurrency market without china's interfere.
Let's see how skyrocket bitcoin further.

Thanks for that,, I have checked the market price after reading your post.. This is really amazing in many ways..

Any country who want to challenge bitcoin community will be just a laughing stock after this huge increase in price that I though would happen by the weekend but it goes beyond my expectations.. This won’t happen if china still around with bitcoin.. It is better this way they’re not part of this development for them to realized that we can stand alone..

I think that despite of that some countries are going to try to oppose bitcoin and the more they oppose it the more people are going to want to get it, it seems odd but if a government bans something everyone begins to look at that something with new eyes and want it, this is one of the reasons of why the war on drugs has not worked.

[shield132]

This is evidence that the decentralization system can answer all the problems that exist, no one can control the bitcoin so that even if the country banned bitcoin but in fact bitcoin can continue to survive and the price continues to rise.

That answer would be ok 8 years ago but not now. Bitcoin's price is very manipulated, not from only actions but even words said from china plays a great role so imagine when big players want to get profit how much they will do for that. If country bans bitcoin, it will affect price, depends on how active does country was in bitcoin industry.

[hurain]

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.

This is the sign that even the former big players on BTC industry can't bring it down, unless the world announce that BTC and crypto is illegal then someone and somewhere there are , people, group of people, organizations, that will use the piece of technology that Satoshi brought to us. This will be a long war and were not done, they are not done yet, brace for some changes.

Yes i agree with you that the situation is now changing totally. now we can see that even after some bad news in the market we can see the price of bitcoin trading in a good potion. i think that although china has a great contribution but they still cannot manipulate the price of bitcoin any more.

[Omega Weapon]

I'm quite sure China will come around because they have all it takes - name it, cheap electricity, population, enough icos. They won't like to be left out from the benefits of bitcoin. I'm thinking they would come back stronger and trying to regulate  or license whatever is happening in there jurisdiction as appertaining bitcoin and altcoins.

The bans on icos and exchanges were never about money, it was about controlling their citizens and even more importantly their money, they do not want to lose grip in their country and bitcoin allows the people of China to move their money freely and the Chinese government was terrified about this and that is why you have seen so many actions taken in the last days and weeks.

Yes there is no doubt that bitcoin defeat china and I heard that china want to bring back bitcoin when china banned bitcoin so some other develop countries accepted bitcoin and other countries are trying to accept bitcoin and if we see the price of bitcoin its also good then before and day by day his users are going to increase which is a good thing for bitcoin.

The issue for the Chinese is that maybe at some point in the future they will want to go all-in in bitcoin and when they take that decision it maybe too late, Japan has legalized bitcoin and they are already developing their own mining equipment so the hegemony of the Chinese in the mining industry may come to an end sooner than what we may have thought.

[jonatuzc]

Yesterday bitcoin soared very high despite all prohibitions. I believed that he could grow even with the prohibition of China. Only the Chinese in this case are very much losing.

China is nothing in front of bitcoin’s progress and they want to control its price in their hand and this coin defeated them bitcoin proved that it is not confined to any region and one cannot put shackle to it investors are across the world are happy because its price is already at 5000USD and still counting on and rise of single dollar is slap in face of china.

[justspare]

Bitcoin successfully defeated China because Bitcoin is independent and China is just some entity that has no jurisdiction in cyber space. Nobody does and that's the beauty of BTC.

Yes, bitcoin is independent and really depends on the number of people who trusts it. Maybe some of the Chinese are still trading their coins or if not since Chinese was able to mine a lot of coins before and if they can't release it that only means that the supply of the coin in the market was decreased.

Chinese people think that bitcoin is their slave and its price is totally depending on them and when they banned the trades they think that it will die but it survives just because people have faith in it and there are many lives connected to it and bitcoin has ability to survive through such condition because it is independent of all the region it depend on people who invest and have faith in it,

[Cicada1033]

So after yesterdays congress of the chinese communist party it's clear to say that the communists will try everything to maintain their power. They know by looking back at communist regimes like the Soviet Union that once the communist prty in a country losses its grip around their people there is no way going back.

So I guess they fear cryptocurrencies and the freedom they bring for that reason.