Do you think China has halted the pace of bitcoin reaching new high??

[BitHodler]

If the Chinese government want to bans Bitcoin's miner, I think they should not to do that. What is the benefit they will receive after do that? No money from the tax, no one wants to bribe them to avoid the law then do you think they should to do that?

China's government is extremely paranoid when it comes to capital flowing out of their country, and let Bitcoin and basically every crypto currency be perfectly suited for that ~ that alone will justify a total crypto ban in their eyes.

I however don't believe they have such intentions. If they had, they would likely have already banned crypto years ago, because it was obvious that this industry is only going to grow further as years go by.

Important factor is that we shouldn't let ourself get distracted by China, because at the end of the day, Bitcoin is enjoying adoption throughout the entire world, where new countries are greatly contributing to current growth.

[1715055181]

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[Indrawan77]

Yes, bitcoin was on bull ride and touching $5000 and then the news announced the next thing its dropped under $4000 and it took times again to reach $5000, people not really care about the issue, the problem is when will be the investor want to invest in bitcoin again, I predicted that most of the investors hesitating to invest because the government still want to announce another regulation regarding to crypto currencies

[fabiorem]

Yes, they have, there is no doubt about it.

The market is very boring right now. I have been trying to make some extra from altcoins but they are going down when bitcoin go down, and up when bitcoin go up, instead of the contrary.

So bored that I even not checking it anymore. Used to check each six hours, the price, how much I have in bittrex, etc, now is only one check per day. Just boring... bitcoin is dead, its all I can say.

[Baofeng]

Yes, they have, there is no doubt about it.

The market is very boring right now. I have been trying to make some extra from altcoins but they are going down when bitcoin go down, and up when bitcoin go up, instead of the contrary.

So bored that I even not checking it anymore. Used to check each six hours, the price, how much I have in bittrex, etc, now is only one check per day. Just boring... bitcoin is dead, its all I can say.

I don't think bitcoin is dead. The market is just slow right now as you have said. Of course it should not be always bullish and you know that. Sometimes we hit something along the way that will pull back the price. As much as we want to really profit everyday, it will not be the case, that's why we need a lot of patience when doing trading. And for the China effect, yes, it may halted the rise of the bitcoin price, but is now over. They don't have that much influence on the price now. It's almost a month now since they have those announcement that significantly affects the market. But we already moved passed from it. So don't bother about China now.

[fabiorem]

Yes, they have, there is no doubt about it.

The market is very boring right now. I have been trying to make some extra from altcoins but they are going down when bitcoin go down, and up when bitcoin go up, instead of the contrary.

So bored that I even not checking it anymore. Used to check each six hours, the price, how much I have in bittrex, etc, now is only one check per day. Just boring... bitcoin is dead, its all I can say.

I don't think bitcoin is dead. The market is just slow right now as you have said. Of course it should not be always bullish and you know that. Sometimes we hit something along the way that will pull back the price. As much as we want to really profit everyday, it will not be the case, that's why we need a lot of patience when doing trading. And for the China effect, yes, it may halted the rise of the bitcoin price, but is now over. They don't have that much influence on the price now. It's almost a month now since they have those announcement that significantly affects the market. But we already moved passed from it. So don't bother about China now.

Oh, it was just a manner of speaking, like when a engine won't turn on, so you say it's dead... by the moment.

Bitcoin needs some oil, some fuel... some good news to bring it on. There was only bad news recently.

[aardvark15]

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???

I think the negative news from China is contributing to the drop in Bitcoin price. But I think it was due for a correction anyway. Something usually triggers a correction and I think several things did this time including the quick rise over a short period of time and the issues in China.

This price drop is just temporary and could last a few months or more before the price starts to rise to new highs. Some of the weaker investors are shaken out when the price drops like this and others take profits. Traders and more experienced investors will buy on the dip to get cheaper coins.

[YuginKadoya]

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???

I think the negative news from China is contributing to the drop in Bitcoin price. But I think it was due for a correction anyway. Something usually triggers a correction and I think several things did this time including the quick rise over a short period of time and the issues in China.

This price drop is just temporary and could last a few months or more before the price starts to rise to new highs. Some of the weaker investors are shaken out when the price drops like this and others take profits. Traders and more experienced investors will buy on the dip to get cheaper coins.

Maybe it is a correction to the price, because the negative news that china had brought surely subsides now or it may be a resistance with the value that is why it does a dip again and I think it will still increase until the Hard Fork occur so be sure to buy bitcoin before that happens and hodl for that coins because it is really sure that we can get free Altcoins when the Hard Fork is over.

[michellee]

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???

I think the negative news from China is contributing to the drop in Bitcoin price. But I think it was due for a correction anyway. Something usually triggers a correction and I think several things did this time including the quick rise over a short period of time and the issues in China.

This price drop is just temporary and could last a few months or more before the price starts to rise to new highs. Some of the weaker investors are shaken out when the price drops like this and others take profits. Traders and more experienced investors will buy on the dip to get cheaper coins.

Maybe it is a correction to the price, because the negative news that china had brought surely subsides now or it may be a resistance with the value that is why it does a dip again and I think it will still increase until the Hard Fork occur so be sure to buy bitcoin before that happens and hodl for that coins because it is really sure that we can get free Altcoins when the Hard Fork is over.

yes I look this as correction the price and maybe we can see the price will often to up and down in next week because we are less than one month from November which is many of people say that in November, the fork will come again. and china has prevent the price to not going to increase more than $45xx because in September we are not reaching $45xx. but I have feeling that after the fork, the price will be increase. so if you want to buy bitcoin, I think you can do right now or you can wait for another down so you can get bitcoin with cheap price.

[~Bitcoin~]

Chinese effect on bitcoin market was quite huge before but now people have already came out of those panic because of chinese fud. I don't think china will have same impact on market in future because chinese exchange platform were closed by governments now so they can't trade bitcoin or crypto right now.

Chinese monopoly over crypto trading is now over.

[sindikat]

Do not underestimate the importance of China in the crypto economy. Due to the large number of Chinese users and miners they can at any time to have an impact on crypto market. Any monopoly is bad. If China banned the use of cryptocurrency do this will only benefit the community. But I doubt it. Too big the stakes that China has abandoned it.

[nizamcc]

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???

Wow, never knew China's drop off of bitcoins would lead it to stabilize itself. I thought that most of the investors may have been coming from Japan and Korea after their biggest ever decisions on legalizing and accepting bitcoins at a greater pace by opening lots of shops in their country. Even Russia is going to set up mining farms to take part in mining operations and grab their chance.

[omonuyak]

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???

we have to really keep China back and forge ahead as is seen they have really impacted the bitcoin price negatively even when we have not even see any significant movement by the Chinese government. I hope we would not allow this to keep the price on ranging trend for long. We should also forget the things behind and press on until bitcoin achieve the potential it was created for.

[Zicadis]

Back then it would halt the pace but not anymore has China does not have that much influence has it did, there is just so much uncertainty there and its probably flagged unfavourable but with countries such as Japan giving cryptocurrencies support I guess we have a new ambassador to push the price to new heights.

[arseaboy]

Back then it would halt the pace but not anymore has China does not have that much influence has it did, there is just so much uncertainty there and its probably flagged unfavourable but with countries such as Japan giving cryptocurrencies support I guess we have a new ambassador to push the price to new heights.

after what they did and see how they got some influence for a short time, i guess we or many crypto believers already made a wiser decision not
being trapped with such movement, china brings some downfall but looking now i can say that there's big players behind who will not allow the
value to fall deeply and begin to show that target will be achieved it will just taking some time because of this china issue.

[whaawh]

Back then it would halt the pace but not anymore has China does not have that much influence has it did, there is just so much uncertainty there and its probably flagged unfavourable but with countries such as Japan giving cryptocurrencies support I guess we have a new ambassador to push the price to new heights.

after what they did and see how they got some influence for a short time, i guess we or many crypto believers already made a wiser decision not
being trapped with such movement, china brings some downfall but looking now i can say that there's big players behind who will not allow the
value to fall deeply and begin to show that target will be achieved it will just taking some time because of this china issue.

It seems to me that the Chinese government has very accurately calculated the time and opportunities, used all this mess after making its decisions on the crypto currency, and today it can not be a winner ..

[AtheistAKASaneBrain]

Back then it would halt the pace but not anymore has China does not have that much influence has it did, there is just so much uncertainty there and its probably flagged unfavourable but with countries such as Japan giving cryptocurrencies support I guess we have a new ambassador to push the price to new heights.

after what they did and see how they got some influence for a short time, i guess we or many crypto believers already made a wiser decision not
being trapped with such movement, china brings some downfall but looking now i can say that there's big players behind who will not allow the
value to fall deeply and begin to show that target will be achieved it will just taking some time because of this china issue.

It seems to me that the Chinese government has very accurately calculated the time and opportunities, used all this mess after making its decisions on the crypto currency, and today it can not be a winner ..

China is now loaded with Bitcoins thanks to all the newbies that dumped in panic during the great crash after the ICO+exchanges ban coupled with Jamie Dimon's FUDster comments.

Now they are ready for the market to hit new heights, and when we hit new heights, the market will be pushed even further because China will unban Bitcoin and it will pump to $7000ish and the technicals back this number.

[SimonJones]

Of course it did or else Bitcoin would have been $5k by now.

But the good news is there's no more bad news except for the fork. Everything is behind and now the only way to go is up!

[Eternu]

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???

For a brief moment yes, China's decision has halted Bitcoins price from reaching new record. But it was only for short period of time, because Bitcoin has recovered and now price is going up again. How long it will take to go above price before China, that I think no one know, but it is not impossible.
People has quite fast gone over what happened in China, and to be honest it was faster than i thought. But it will take some time before people totally forget about that event.

[ekoice]

Definitely,china has halted the pace of bitcoin a little bit,otherwise it would have almost crossed $5,000 by this time.But still,it was not as expected by most that bitcoin price would fall down to $2,000 once again.Even some investors just waited for the price to reach $2,000 to buy.But surprisingly,due to the huge buy wall all over the world,bitcoin managed to recover soon.The only bigger threat for bitcoin,china is no more a threat.

[bohr]

The current action of China on ICO and exchanges definitely have an impact on the Bitcoin price.  We can assume that it effectively halted Bitcoin in reaching a new high in the last weeks.  But it seems Chinese government action had already cleared that they are not against Bitcoin and just wanted to clean their country of noncompliant exchanges and possible illegal ICO that will exploit Bitcoin's popularity and take advantage by scamming people in their country.

That is the current excuse but what it is going to happen whjen they control that? They are going to set their target in something else, they are going to try to regulate bitcoin to oblivion, or they may ban miners or ban bitcoin, it may not seem as likely to some people but at some point if the Chinese citizens keep using bitcoin to avoid government regulation then the final step for China is to make bitcoin illegal.

If the Chinese government want to bans Bitcoin's miner, I think they should not to do that. What is the benefit they will receive after do that? No money from the tax, no one wants to bribe them to avoid the law then do you think they should to do that?

If the amount they receive from miners in the form of taxes or bribes is less than the amount they are losing due to people moving their money more freely than with their national currency, then it is very obvious to me they are going to do it, to be honest I think it is a matter of time, I’m not trying to FUD or anything but to me that is the next natural step in the fight of China against cryptocurrencies.