China can't bring bitcoin down!

[Ucy]

And what would happen if this were global?
Let's assume every single government on Earth bans Bitcoin and its mining machines .. would that be the end of the World's most valued Cryptocurrency? I doubt 100%  .. the price may go down by 70%, people will buy thousands of low noise miners...  like GPU. Loads of Anti-censorship softwares will be developed.
And Bitcoin will flourish again...without the government. Creativity will flourish . This would most likely happen under the Chinese ban.

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[Lanatsa]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

Who said that China can able to take down Bitcoin?No they cant even they would impose legalization on some stuffs.It may affect prices but not totally influencing or making it dip to the lowest.Theres a strong community support which not a single country could able to equalize on that stuff.They might quit into bitcoin but still we can able to stand alone without needing them.

[MakeMoneyBtc]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

I think China never wanted to take Bitcoin down. If they would want that the price will be very low right now. They never said that will close or ban bitcoin. And even if they want to bring bitcoin down ,thats almost impossible because they have to close all the bitcoin wallets and all destroy all mined bitcoin.
China created their own exchanger and soon will create their own coin so people will use bitcoin to buy China's coins

[shursight]

Nobody can stop money, not just bitcoin.. everybody wants to earn money in here, and cryptocurrencies are a perfect way to earn easy money, that is why all people (doesnt matter if they are from china or anywhere else) would not give up easy because of a country trying to ban it. Obviously that if the governments try to shut down cryptos, they can do it, but they need it to do it in a complot.

[marcbitcoins]

I don't think China truly meant to bring Bitcoin down. News came out recently that China is about to come out with cruptocurrency regulations. They also clarified that they don't aim to ban cryptocurrencies, but they want to find ways to stop people from using them for money laundering.

That being said, I agree! The initial news did bring us into $3000 range, but Bitcoin weathered that storm pretty well. We're back on track for $5000.

China will not bring down the bitcoin but obviously they want to manipulate it and try to gain control of both bitcoin and altcoin market for their nations economic advantage againts the world economic. They just making these reasons as excuses to avoid embarassment of their failed attempts. I just heard that they will try to do it again for real.

[Gotomoon]

I don't think China truly meant to bring Bitcoin down. News came out recently that China is about to come out with cruptocurrency regulations. They also clarified that they don't aim to ban cryptocurrencies, but they want to find ways to stop people from using them for money laundering.

That being said, I agree! The initial news did bring us into $3000 range, but Bitcoin weathered that storm pretty well. We're back on track for $5000.

China will not bring down the bitcoin but obviously they want to manipulate it and try to gain control of both bitcoin and altcoin market for their nations economic advantage againts the world economic. They just making these reasons as excuses to avoid embarassment of their failed attempts. I just heard that they will try to do it again for real.

Well definitely China will not bring bitcoin down. There are many users of bitcoin in every country that supports bitcoin so even their is news bitcoin still heading strong. Yes I believe were on a track to $5000 and Im ready for it.

[Semar Mesem]

I don't think China truly meant to bring Bitcoin down. News came out recently that China is about to come out with cruptocurrency regulations. They also clarified that they don't aim to ban cryptocurrencies, but they want to find ways to stop people from using them for money laundering.

That being said, I agree! The initial news did bring us into $3000 range, but Bitcoin weathered that storm pretty well. We're back on track for $5000.

China will not bring down the bitcoin but obviously they want to manipulate it and try to gain control of both bitcoin and altcoin market for their nations economic advantage againts the world economic. They just making these reasons as excuses to avoid embarassment of their failed attempts. I just heard that they will try to do it again for real.

Well definitely China will not bring bitcoin down. There are many users of bitcoin in every country that supports bitcoin so even their is news bitcoin still heading strong. Yes I believe were on a track to $5000 and Im ready for it.

Nice and the fact is now the price has reached $ 4400 and I'm sure it will soon pass through $ 7500 this year, although the Chinese government banned bitcoin but I'm sure users in China will not leave bitcoin, they will continue to use bitcoin because it is profitable.

[criminalbee]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

I agree, I I even told my fellow traders and investors to calm down and just enjoy the roller coaster ride of bitcoin.

[CyberKuro]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

China has stopped cryptocurency trading in most exchanges but still allow two exchanges to continue their services which provide opportunity for their citizens to buy and sell bitcoin, especially for the miners. In genereal, they just want to regulate exchanges and how the crypto works in their country, but what made bitcoin price fallen down to $3000 due to people massive sell-off, panic sell because the FUDs news.

[BitcoinMuscle]

China doesnt want to take bitcoin down because bitcoin is a powerful thing that they want to take control of. They closed all the exchangers so they can open they own exchanger. Bitcoin is a new technology, the future technology so who takes control of it faster will get have more economic advantages.

[Clement Kaliyar]

Nobody can stop money, not just bitcoin.. everybody wants to earn money in here, and cryptocurrencies are a perfect way to earn easy money, that is why all people (doesnt matter if they are from china or anywhere else) would not give up easy because of a country trying to ban it. Obviously that if the governments try to shut down cryptos, they can do it, but they need it to do it in a complot.

The flow of money can be regulated with rules and regulations and that is what we are seeing in the crypto currency platform too,most of the countries are banning ICO to stop the flow of money into those projects which has no legal backing,crypto currencies is a perfect platform to make a good amount of money,but you need to understand the market and play accordingly to make profit.

[Zalfa_mui]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

it only impacts panic selling on traders , so can not lower the price of bitcoin deeper.
and after the good news came the bitcoin price went straight up.

[loopes]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

obviously i could not agree more with you. china only try to take down bitcoin with their own regulations to their citizens. but it is not working no longer after the bitcoin users from the world world found again their confidence without china. even i am sure that nowadays not all of Chinese was stopped use bitcoin at all. Bitcoin keep rising prices after end of September (closing all bitcoin exchanger in China)

[Argoo]

Now we can already conclude that restricting the circulation of bitcoin and other crypto currencies, or in general by their prohibition, the government of China could not cause it significant harm, except for a temporary depreciation of the rate. This situation has demonstrated the strength and invulnerability of the crypto currency.

[Getmon]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

Everyone here agrees with you except the chinese ones and their blind hardcore fanatic followers.  Bitcoin is going to grab the 5-dollar figure. This will happen soon, very soon. December 2017 might be that month for it. If not, then early 2018 is already certain about it. China will realize their actions are futile.

[DonFacundo]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

I agree with you, we do not need china to increase the bitcoin price many people still do not know about bitcoin and some people starting to know about bitcoin and then they starting to invest bitcoin so it will increase in the future.

[dificanovi]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

I agree with you, china will not be able to lower the bitcoin because the proof is now bitcoin has gone up again. bitcoin prices rise because bitcoin begins to buy people after they sell too much of their bitcoin

[pooya87]

Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?

so it takes a price rise for you to realize this and accept it! huh.

bitcoin was strong even when the price was going down, it was strong when they were spreading FUD, it was even stronger when they called it "Fraud" and "Dead". some people just never accepted it back then because all they cared about was the short term price movement.

[musharaf]

Every country will bring major change in currency rate and its affect many markets. Because the china has captured world largest markets. The currency exchange rates can be affected through demand and supply of that currency.

[ekoice]

Bitcoin is totally out of control of any country including china.It was created as a decentralized currency uncontrolled by any one.It was true that earlier chinese dominated the bitcoin trading and they manipulated bitcoin price many times by just dumping their bitcoins.Also,bitcoin exchanges created fake trade volumes.Later,due to PBOC actions to regulate bitcoin exchanges,they started to slowly loose their control over bitcoin market.

Even then,they had a lion's share of bitcoins since they had the largest number of mining farms there.Every one still feared that even a small change in china's policy regarding bitcoin would affect bitcoin price.But since bitcoin has reached most users all over the world,this time,bitcoin has totally proved that its no more in need of china for its progress and that its a dominating force in the future economy.