China's influence on bitcoin is becoming insignificant.

[omonuyak]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

[1714859194]

1714859194

[player514]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

I especially find it very funny how news works, especially when it comes to bitcoin. It's a very common trend to see this exact path of news articles:

1) When bitcoin drops, the negatives of bitcoin is highlighted in articles. More articles come out saying that bitcoin is in a bubble, that it's going to fail, and that it's worth nothing. These types of articles are highlighted even though people say this stuff all the time, regardless of how bitcoin is doing.

2) When bitcoin goes up, there are articles that talk about how it's the future and how blockchain technology can change the world, etc.

News companies are so confused by BTC's volatility that they just can't stick to one side of supporting or opposing it.

[kairo8758]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

Yes, the so-called "trading forecasts" sites keep promoting their lie to create panic and hoping the market to fall
But I think crypto-traders getting smarter too everyday

Here is the chart of BTC prices:

[carlisle1]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

I especially find it very funny how news works, especially when it comes to bitcoin. It's a very common trend to see this exact path of news articles:

1) When bitcoin drops, the negatives of bitcoin is highlighted in articles. More articles come out saying that bitcoin is in a bubble, that it's going to fail, and that it's worth nothing. These types of articles are highlighted even though people say this stuff all the time, regardless of how bitcoin is doing.

2) When bitcoin goes up, there are articles that talk about how it's the future and how blockchain technology can change the world, etc.

News companies are so confused by BTC's volatility that they just can't stick to one side of supporting or opposing it.

exactly they really cant assess where to place their minds about crypto currency more news coming out from nowhere and trying to distract  people attentions
as we seen that in which ways news have its own version whether its good or bad publicity will still help the community to be informed people who also not been
to this system to be aware and start to take responds.

[Mpamaegbu]

You are spot on OP. Yes the world now knows that China, though it has a tremendous economic power, can not put an end to the global use of Bitcoin as that attempt has shown. This also shows how truly decentralized Bitcoin is. However, the irony being that at the time China banned Bitcoin was when Japan made a public show of solidarity to the use of it. And both countries are technologically advanced. Now we know it is China to lose, not Bitcoin.

[Bagaji]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

This is an indication that no government in the world can single handedly ban bitcoin and it will have a significant on bitcoin or crypto currency in general. Fake news site has nothing to offer rather than looking for mere trafic to their site, but it is unfortunate for them because so many bitcoin holders are aware of the potential in bitcoin and that made many of us not to sell at lost during panic. 

[Emoclaw]

You are spot on OP. Yes the world now knows that China, though it has a tremendous economic power, can not put an end to the global use of Bitcoin as that attempt has shown. This also shows how truly decentralized Bitcoin is. However, the irony being that at the time China banned Bitcoin was when Japan made a public show of solidarity to the use of it. And both countries are technologically advanced. Now we know it is China to lose, not Bitcoin.

The world has always known. It's not possible for a single country to obstruct the global usage of a digital currency (or anything really).
China is trying to block Bitcoin altogether apparently but whether they can accomplish that is questionable. It's uncertain whether they can block every single Bitcoin node.

[Razick]

The more money in crypto, the less significant and individual, corporation or country is on Bitcoin. With that said, however, countries can still have a major influence on Bitcoin prices even at this large market cap. A country like the US could buy all Bitcoins in existence 10 times over and barely notice a difference.

[Mometaskers]

Yup, definitely. True there are plunges but not really drastic enough to reverse most of the growth bitcoin has achieved. People have wizened up and more prefer to hold rather than sell during these panics. Even the closing of the exchanges will not affect it much. At least 4 exchanges will close in China but considering that people still believe in bitcoins, new one would pop in place provided that the Chinese government only provide regulation rather than an outright ban.

[Doell]

here I think about the fake newsmaker is what profit they get, I think this thousands of times they can trade or not, what they can't trade of cheating by making false news?

[panju1]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

You cannot really say that just by looking at the current price. Who knows, if the Chinese government hadn't acted against Bitcoin, we could have seen $8000 or even more. The Chinese are the most populous nation on earth and you can't ignore them.

[ajqjjj]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

You cannot really say that just by looking at the current price. Who knows, if the Chinese government hadn't acted against Bitcoin, we could have seen $8000 or even more. The Chinese are the most populous nation on earth and you can't ignore them.

Ya Chines government  has been making moves to control the influence of bitcoin on it's  economy  .You cannot say really that just by looking at a current price .We should also know that fake news are just promoting  lie in the creat panic and Chines government hadn't acted against bitcoin.we can seen $8000 or even more and Chinas influence on bitcoin is becoming insignificant.

[1Referee]

Who knows, if the Chinese government hadn't acted against Bitcoin, we could have seen $8000 or even more. The Chinese are the most populous nation on earth and you can't ignore them.

If China did this, or if China did that, then things would look like this or that - if has zero value. China is known for interrupting the growth of certain sites and services (doesn't just relate to crypto) by using their ban hammer. Bitcoin offers one, actually two, very important features; 1) It allows people to lock their wealth outside the reach of their government. 2) People can use Bitcoin to move their wealth from their country, to another one, and that in a matter of seconds. These two aspects of Bitcoin are what the Chinese government fears the most, and that's pretty well known in general.

[randythered]

China will always have an influence due to how largely populated the country is, however it is inevitable that given time their control as well as others will diminish as the crypto population begin to understand the ways in which the market can be influenced and thus not reacting to it as much.

[orions.belt19]

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible  for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

I especially find it very funny how news works, especially when it comes to bitcoin. It's a very common trend to see this exact path of news articles:

1) When bitcoin drops, the negatives of bitcoin is highlighted in articles. More articles come out saying that bitcoin is in a bubble, that it's going to fail, and that it's worth nothing. These types of articles are highlighted even though people say this stuff all the time, regardless of how bitcoin is doing.

2) When bitcoin goes up, there are articles that talk about how it's the future and how blockchain technology can change the world, etc.

News companies are so confused by BTC's volatility that they just can't stick to one side of supporting or opposing it.

That is quite true. Whenever the bitcoin price falls, numerous negative and false news come along with it. There are a lot who say bad things about bitcoin on a normal basis. It as if whenever the bitcoin price experiences a drastic change, the news would follow suit. These news may or may not have an effect on the bitcoin price but because of its volatility, its bound to go up and down.

From what I heard, China has a lot of bitcoin users in its country so I'm guessing that they have some influence over bitcoin but there's a lot more that influence bitcoin. China's influence may have turned out to be insignificant now because of the other dominant factors that are at play, such as the speculators and whales.

[CroDam]

China have great power in BTC mining and Chinese people like BTC. Lets hope for all the best

[darkangel11]

People are quick to judge and react emotionally that's why so many of us lose money via trading.
When news like the ones from China come out they panic and sell, but as it keeps slowly going down and they digest it, the news don't seem to be that grim. They start thinking about going back in and rebuying and the price goes back to normal levels. IMO China is going to stay with BTC, it was simply a move to show who the boss is. They did what they wanted, scared the investors, maybe bought some cheap coins, life goes on.

[Kingofbitcoin12345]

They tried it all but failed to make a difference,, maybe a dropped is not the sign that they're relevant player of this bitcoin community.. Let they're pride pull them out of it and I think it is much better when they don't exist on this cryptocurrency at all.. Those been affected are weak hands and those who decide based on emotions and not on data.. Let Japan be on top of the market as china is leaving..

[Hydrogen]

Its possible the socialist mentality of china's ruling body is conflicting with bitcoin/crypto.

Socialists have the mentality that governments solve problems. They also believe the government is the best solver of all issues which plague society.

Crypto having the potential to solve some problems better than a government could undermine the belief that the government is the best solver of problems which isn't a concept that is likely appeal to socialists.

[xuan87]

Like it or not china still got influence in crypto currencies world, most of the mining is coming from that country and there are a lot of investor coming from China, but bitcoin will still alive without china, there will be a set back but in the end we will survive