CHINA ban Rise and Down

[W!ll!am]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

[1715160371]

1715160371

[ImHash]

Could you ask your questions again with better sentences? China ban rise and fall of the bitcoin's price, China not ban bitcoin China ban ICO China ban exchanges if they are not regulated. new news is the old China tactic to manipulate traders. every day they are earning millions of dollars, China master of market manipulation.

[rarkenin]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

I didnt understand what you wrote but i will do my best to explain. If one of biggest governments decide to ban crypto exchanges, this decision will reflect on markets and prices will follow.Just avoid from markets if you read news on internet.

[palle11]

Bitcoin was down then and not really volatile then because of the ban on ico exchanges. It dragged for a long time ,not certain of direction to head before it currently went bullish. Now what made it finally turned bullish trend was also the news of adoption from Japan. Meanwhile, fundamental analysis is instrumental to the success or direction of a trade / market, if is negative, it affects the market negatively and if it is positive, it helps the market to likely go up.

[BITDV]

maybe you should fix your sentence to be easier to understand by the reader, maybe you read the wrong news. china doesn’t ban bitcoin, but only forbids ICO and the reason is because they want to maintain the stability of economy. if not, the yuan in china will get negative impact from bitcoin because of its strong influence, and the china government will be very overwhelmed to resolve it.

[hase0278]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

The answer to your question is pretty simple, China will not greatly affect bitcoin price anymore, that's why they stopped speaking about that, and the truth has been already found that ICO's are the only one banned by China not crypto itself. The news about China ICO ban is over and is already a closed chapter so why wait for the current news related about it? At least I expect latest news and FUDs just before or after fork but it might not be related to China. It will just be the common fake news that we see about fork and bitcoin's doomsday, etc.

[palle11]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

The driving force can be traced to the expectations by the fork. This is actually making holders not to release the bitcoin they have and off course when you have a scarce commodity or product, economically, the price increases.
This is simply one explanation to the price increase in bitcoin.

[tenakha]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

If you check bitcoin market during China ban you will see that prices only touched 2800$ level not 1000$. It is going to gain more power with upcoming fork news. Patience is needed till october fork.

[Hydrogen]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

The china ban occurred around the same time Jamie Dimon of JP Morgan, Robert Shiller who won a nobel prize in economics and many other financial/economic analysts & experts claimed bitcoin was a bubble about to burst. That is likely what caused the last big drop in btc price.

People may have realized china isn't as big an influence on btc price as it had been in previous years. When the price didn't fall completely through the floor as it did in 2014, the last time china banned btc exchanges, they decided to call it a bottom and buy in, expecting the price to increase.

Bitcoin's price has always peaked late in the year. The reason for the price increase could be seasonal as well.

There could be other motives for it like Catalonia's independence. But that seems to be controversial and so we can ignore that for now.

[tomahawk9]

Any news from China that are related to btc is good news. Last month a lot of people were panicking, many of them sold their coins, and even some others were saying bitcoin was dead. But look what happened, the price went up to the moon and everyone is happy. They surely know how to manipulate the market  

[MiF]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

With this experience people will now learned their lesson of not easily to panic in which they sell their bitcoin immediately. Maybe some of them regreting it right now as a consequence of their mistake. China banning ICO and try to manipulate bitcoin are failed attempt therefore no one afraid of them anymore, who knows most of the Chinese are now secretly investing again to bitcoin and it helps bitcoin value to pump up.

[_Dawid_]

China manipulated the market? I dont think so,why you think that? China has only banned ICOs because everyone found a lot of scam.
So to prevent the crimes etc. It is a favour from china for us.

[hahay]

I concluded that bitcoin can still survive without china even though bitcoin prices have dumped hard but I think that's just a correction, because bitcoin prices will still continue to increase and I still wait until the end of november until there is a hard fork.

[tabas]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

Are you depending only with the news? Then you are missing the real news here that there's a hard fork that will happen next week so that's the reason why the price of bitcoin increases. And not all the time we are going to depend with Chinese news or anything that's related to crypto there. Yes, they are affecting the price but you should also look outside the box, don't look always inside the box.

[Pettuh4]

I concluded that bitcoin can still survive without china even though bitcoin prices have dumped hard but I think that's just a correction, because bitcoin prices will still continue to increase and I still wait until the end of november until there is a hard fork.

Of course it is evident for all to see that bitcoin has re bounced back to action and all the negative flares coming from china and global media couldn't get it on its knees. I'm very optimistic that we are headed  for more growth  even after the proposed fork this month.

[Qiuyue201]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

Are you depending only with the news? Then you are missing the real news here that there's a hard fork that will happen next week so that's the reason why the price of bitcoin increases. And not all the time we are going to depend with Chinese news or anything that's related to crypto there. Yes, they are affecting the price but you should also look outside the box, don't look always inside the box.

Chinese just another kind of trollers, They are announcing to ban the crypto and bitcoin but in the future they will try to re-thinking about that. This looks pretty odd.
That news just give a short impact to all of the users, because many ways to the bitcoin and crypto currency. Because they are not familiar with the technology and if we are all using the decentralized exchange and there will be no party can prevent us to use bitcoin.

[junoreactor]

As usual, some investors panicked and sold without knowing the ifs and buts, banning ICOs do not mean banning Bitcoin.

[szpalata]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

Are you depending only with the news? Then you are missing the real news here that there's a hard fork that will happen next week so that's the reason why the price of bitcoin increases. And not all the time we are going to depend with Chinese news or anything that's related to crypto there. Yes, they are affecting the price but you should also look outside the box, don't look always inside the box.

Chinese just another kind of trollers, They are announcing to ban the crypto and bitcoin but in the future they will try to re-thinking about that. This looks pretty odd.
That news just give a short impact to all of the users, because many ways to the bitcoin and crypto currency. Because they are not familiar with the technology and if we are all using the decentralized exchange and there will be no party can prevent us to use bitcoin.

That's true, I propose that we should deal peer to peer and forget about a middle man(exchanges) and meet in person because it seems all the government regulations and their interference seems to be directed at the local exchanges.

[mmmmyah]

The Chinese government banned ICOs because they were completely unregulated and they had no control over them. There are rumors now that the new Chinese govt administration may allow certain "regulated" ICOs to proceed as well as exchanges.

Btw Russia and Japan are going through similar phases.. the price of bitcoin will continue to be volatile as some positive news comes in or negative..

[Yadstiker]

bitcoin price down about 1,000$ after china ban   this is logic

but less than 2 months back more than old 4,600 now without any new news why  ??

Are you depending only with the news? Then you are missing the real news here that there's a hard fork that will happen next week so that's the reason why the price of bitcoin increases. And not all the time we are going to depend with Chinese news or anything that's related to crypto there. Yes, they are affecting the price but you should also look outside the box, don't look always inside the box.

Chinese just another kind of trollers, They are announcing to ban the crypto and bitcoin but in the future they will try to re-thinking about that. This looks pretty odd.
That news just give a short impact to all of the users, because many ways to the bitcoin and crypto currency. Because they are not familiar with the technology and if we are all using the decentralized exchange and there will be no party can prevent us to use bitcoin.

That's true, I propose that we should deal peer to peer and forget about a middle man(exchanges) and meet in person because it seems all the government regulations and their interference seems to be directed at the local exchanges.

That is also one of the goodness of bitcoin, because if its volatility, that is why so many people wants to invest into it. Think about it carefully that not only the news and issues could affect bitcoin, and there is no exact prediction, or in other words nobody can predict accurately the price of bitcoin if it is going upward or downward by the next few years, but the positive outlook is that it will rise due to so many demands and only limited supply.