China May Reverse Bitcoin Band

[MWalk]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

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[Rozita]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

[stolendata]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.

[irwanjabryg]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.

I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

[shield132]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

Not just you, I think the same too. China is doing very, very shit things, they want to gain control on bitcoin and do as much money as they want. Every their word affects price immediately and that affect is very serious. They already tested and know their possibilities, result of this test is that they can manipulate as they want. Europe/US has to play important rule too or bitcoin will be nothing but a china's toy.

[Mike Mayor]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.

I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

Why though? Most of us who are Intelligent made good profits off the fear of the idiots. Thank you useless china. I bought two new gaming consoles thanks to them Threat? Never!! In fully confident in Bitcoin and just look what happened? Exactly as I said. Bitcoin not only recovered but is trading at over $5000 great!!

I do agree with you though I'm also tired if hearing about china. Leave china behind in the dark they don't deserve bitcoin.

[Getmon]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.

I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

That is true. I don't why people are still talking about this shit when we have seen bitcoin remain very strong despite the news from china. Why is china all over this thread until now? Are we not contented that china is taking control of our houses and lives through all china-made products? I bet the PC you are using right now is either assembled or entirely made in china.

[squatz1]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

This isn't true in the least, China feels that Bitcoin is a threat to it's power in controlling it's country and in a country with a very AUTHORITATIVE (Also Communist government) regime, they're going to keep something like this banned. As it is giving power back to the people which they aren't going to be doing.

This article that OP put is simply there to try to keep the Bitcoin price soaring, for a select few to make good money. This ban will stay in place, plain and simple.

[seaqrioy]

Well, maybe. But I don't think the Chinese government will easily let it go, at least for a few months. Because it seems like a very serious topic: the Chinese government will not allow some uncontrollable virtual currency to disrupt the yuan's position. The existence of bitcoin is unintelligible to the government, so they need time to understand, or forbid. But at least for now, it is not illegal for anyone to buy or sell bitcoin. Hope is getting better and better.

[lucifochrome]

It is not just you, most people noticed it as well, with the price of bitcoin constantly rising more and more people wanted to invest and with that, the government started to pay attention to it. They can clearly see the power of bitcoin, what it is capable of and of course how much profit they will gain from it. China just started it they wanted to control something that is not meant to be controlled by a person or an institution and because of this china came up with a plan to ban bitcoin but in my opinion it is just a strategy to check how the market would react. Now that phase 1 was done they have to proceed with the next phase seeing that the market somehow got affected with the ban they can now come up with a strategy to manipulate it. So they're not banning bitcoin anymore instead they will impose rules which will be hard for the chinese market and due to these rules they now have a way to manipulate it and gain more profit from it.

[jseverson]

I read an article saying they are looking into regulating it. The ban has never been said to be permanent. The Chinese government is simply trying to come up with ways to prevent capital outflows and money laundering. They're also planning on releasing their own online currency, of which other cryptocurrencies play a role. The question is not if the ban will be lifted, it's when.

[tigermonkey]

When the ban is lifted, the great news will push bitcoin price higher.

[btc78]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

sure they will.they just want to check and assure that the policy will be implied as well of what is the government may benefits,coz being a communist country government first before the people .

[LouVandetta]

With the price right now, yes, it is very possible to happen.
These days the news was not very good. Especially when it comes to China.
But if it's really really true that China reverse exchange banning, then I expect the price will continue to rise.

[cpfreeplz]

 Is there really a market in earth that isn't manipulated? Of course that dump was a manipulation. What can you do? It's a real free market and anything goes around these parts.

[UsernameBitcoin]

If China does this then that will make them look extremely weak. I mean it's the right thing to do but you must wait. Too soon and people will think the Chinese are emotional, too long and people will think the Chinese are stupid.

[albert11]

We do not know the true purpose of china in bitcoins and what they really want to happen. I think it's just a lie because they really want to buy at a low price so they annoucement that suppose they will stop the exchangers. And now the bitcoins are upbeat, they have probably bought a cheap amount. What they did was to compel people to sell it to get it pressed and buy at a high price.

[peter0425]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

This isn't true in the least, China feels that Bitcoin is a threat to it's power in controlling it's country and in a country with a very AUTHORITATIVE (Also Communist government) regime, they're going to keep something like this banned. As it is giving power back to the people which they aren't going to be doing.

This article that OP put is simply there to try to keep the Bitcoin price soaring, for a select few to make good money. This ban will stay in place, plain and simple.

Bitcoin or cryptocurrencies can no longer be ignored by a authoritarian regimes such as China and Russia so they have to make their moved very early before its goes uncontrollable. They have been fully supporting bitcoin as evident of their exchanges and the amount of trading. However, bitcoin is gaining grounds in China and Yuan is losing grounds. So they put a halt on it so I doubt that they will ever lived the ban of ICO. Exchanges though might have as chance but I'm sure they need to comply with the government and measures, very hard measures are put as a safety net. But it has to be seen.

We do not know the true purpose of china in bitcoins and what they really want to happen. I think it's just a lie because they really want to buy at a low price so they annoucement that suppose they will stop the exchangers. And now the bitcoins are upbeat, they have probably bought a cheap amount. What they did was to compel people to sell it to get it pressed and buy at a high price.

We do not know the real reason behind their sudden hard stance against bitcoin. But I doubt they try to manipulate the market and buy at a discounted price. Are you saying that the government of China is secretly buying bitcoins behind their country and our backs?

[pooya87]

i disagree with this a little.
the news about China that is popular and everyone is hearing about is the "China Banned Bitcoin" FUD still. not much has changed about that FUD really and they never banned bitcoin to begin with. they closed a couple of exchanges, and banned ICOs that is all they did nothing more. and just like last times that they closed exchanges, there is a good chance they will be opened soon after some time, maybe 3 months.

i have not even seen any "hopes of China Reversing any Ban"! and when a news is not really circulating around you can't say it is effective in my opinion.

[Silberman]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

Bitcoin strength is being monitored and tested every day, remember the days when the network was being spammed to death, do you see all those forks, the FUD, the exchanges being closed and the banning of icos and yet here we are with an all time high, I’m sure that everyone that is watching bitcoin is completely surprised at what it is happening at the moment.

[pranaja]

bitcoin is being tested
Admittedly, the Chinese government's loud ban is enough to give effect to the market and the value of Bitcoin, but here is the test for Bitcoin. The effect is not as big as the previous issues, which is now the global market is decisive, not just one country market. Now there are many variables that affect the price of Bitcoin

[no0dlepunk]

Bitcoin can be compared to drugs, the more the government prohibits it, the more it becomes expensive... the old school bitcoiners don't care about this kind of news anymore, i guess. Well, anyway, if they will overturn their decisions with exchanges and ICOs then it's going to be good for all of us.

[iamTom123]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.

I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

We are on the same conviction. Though, of course, we would be welcoming China back if they decide to eventually go for regulating Bitcoin rather than banning it, there are many repercussions that have to be discussed in regards to China. And I don't believe that the recent surge is based on the possibility that China can be back on the table. That can even be just another fake news. Instead, what we are witnessing is the market is now ignoring China and even the latest confusing news from Russia and all the negative comments from financial leaders in and out of USA.

China is a big market (population-wise and interest-wise) and it can be a big push for Bitcoin in case the market can be re-open. Personally, however, I really doubt if this can happen in the short-term. People in the West sometimes failed to understand the ins and outs of the Chinese government. When the government feel that they are not getting anything out of a deal, they will not stake on it. The government is seeing Bitcoin as a possible problem rather than a big help for its economy. They might however formulate their own coin which they can control and manipulate and this is the best possibility I am seeing they would be doing.

[BrewMaster]

just another misleading title in this board!
China never banned bitcoin! and the article doesn't say it either. they are saying reverse the exchange bans!

and i have to say there is no way in hell to "reverse" this exchange bans.

however what they will do is that they will regulate them more and possibly this time give them proper licenses too in order to start their business anew.

[TagaMungkahi]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

It is just you. You know that a Fork is upcoming and a split into Bitcoin to produce Bitcoin Gold will happen that's why these traders and altcoin holders sell their altcoins into exchange with bitcoin. I do not think china will easily lift the ban, They have their monetary pride. well see for the next day if they will release an statement about this.

[Kakmakr]

The Chinese government is faced with a huge choice. If they ban Bitcoin & Crypto currencies, they might gain control over the capital flight that is supposedly going on in their country. They are very paranoid, so they over react when they are faced with these problems.

On the other hand, they will have to sacrifice their dominance over the whole Bitcoin mining scene and lose potential tax income, generated from the mining farms. < they will have to close down the mining farms or move their operations >

I think they are going to opt for very strict Crypto currency regulations to control capital flight.

[serjent05]

I think once all the rules and regulation policy is pollished, I think China will reopen Bitcoin exchange service to those company that will comply with the rule.  I never believe that china had shutdown its door to cryptocurrency, they are just fixing stuff so that their citizen will not be exploited by fraud ICOs and scam exchanger that can close whenever they choose to.

[Kingofbitcoin12345]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

The title is misleading,, the fact is bitcoin is not banned in china.. ICO banning and exchanges closure is part of the regulation that China is facing than makes a flack in bitcoin community and are we not tired talking about them?? even we’re seeing big increases this days.. They’re now not relevant to any happenings to bitcoin and its is much good..

[oegarod]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

The title is misleading,, the fact is bitcoin is not banned in china.. ICO banning and exchanges closure is part of the regulation that China is facing than makes a flack in bitcoin community and are we not tired talking about them?? even we’re seeing big increases this days.. They’re now not relevant to any happenings to bitcoin and its is much good..

Yes, there is nothing as a ban initiated by the government of China. All that happens is a form of inspection to have a regulated usage. In my thinking, if government has banned bitcoin now we could have not got such a growth that we're experiencing at present.

[stompix]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

The title is misleading,, the fact is bitcoin is not banned in china.. ICO banning and exchanges closure is part of the regulation that China is facing than makes a flack in bitcoin community and are we not tired talking about them?? even we’re seeing big increases this days.. They’re now not relevant to any happenings to bitcoin and its is much good..

The title is misleading because China doesn't plan to start a band or plan a band or play in a band.

But talking about the "ban" , I sure hope all the communist party , all the members will gather in Tiananmen square and while holding hands will shout "we have banned bitcoin for 10000 trilion years".

And from that moment we will have peace and we will stop with the rumors.
Nobody will give a damn about the monthly bans China is doing, nobody will give a damn about their fake exchanges their fake transactions and everything that comes from China and is most likely 99% fake.

We don't need China, there is no need for any country that controls and tries to manipulate its own currency there is no need for countries that build great firewalls to manipulate and keep their lies safe.

Bitcoin is doing great without China, bitcoin will do great without Russia or NK.

The money that pump the coins right now are coming from the western world, where there are money, there is knowledge and most important freedom and legislation, where you have rights and you are able to fight for them.

[Indrawan77]

I dont think china will banned bitcoin, and wont lift any of the banned, China will set regulation for the exchanger, I think there are no manipulating news, China really serious want to set regulation and want to try to control crypto currencies, but I think the government is testing us, the government want to know by banning the exchanger what will be the effect to the bitcoin

[cynical]

As others have said china likes to control its country eventhough over the last number of years it has opened up because of its global trading strength. There are other sites which are still blocked from google to facebook and many other news and social media sites so i cannot see the bitcoin ban being lifted because china is still controling its people

[BunnyShibe]

I dont think china will banned bitcoin, and wont lift any of the banned, China will set regulation for the exchanger, I think there are no manipulating news, China really serious want to set regulation and want to try to control crypto currencies, but I think the government is testing us, the government want to know by banning the exchanger what will be the effect to the bitcoin

China is not going to ban bitcoin, as most of the miner are from China. I am sure that they may be doing some calculation or may have some other reason that they are banning ICOs, but I think that this bane may be not permanent and they will surely release bane from ICOs and other crypto trading after some time. Because in modern time we all are going to depend mostly on crypto currencies.

[niisarearning]

I posted long before China will regret for its decision finally they only be the losers. Recently Russian rumour also happened no body bothered to concentrate on that silently that is vanishing.

[deadsilent]

Enough with that China ban drama. Im sick and tired of all their nonsense. China don't have the power over bitcoin anymore. No wonder why Japan surpassed China from the being the biggest cryptocurrency market in the world. I don't care about China's action against. Ban bitcoin if they want. Japan is right behind them to take over. But in my opinion, China will not going to ban bitcoin or even mining there. I always seeing China is going to ban cryptocurrency. I forget how many times they said that. But it didn't happen. They are manipulating bitcoin. And gullible people buy their drama.

[krauzzer02]

Expected from a country who wants to monopolize everything that includes the cryptocurrency over bitcoin. We are all sick of the games of the china of the banning, they can ban bitcoin as long as they want, they are not bitcoins oxygen tank just to survive to the market, bitcoin is owned by us not the Chinese government who relay a scripted drama over the community.

[fiulpro]

  Hey
I would like to point out certain points :-

1. China was looking forward to controlling the money outflow , and there had been rumors that they were going to introduce a new cryptocurrency, I know nothing about how true the rumors are but suddenly banning all ICO'S and Bitcoin possession did... Take a toll on the price of the Bitcoin in the market.

2. China what it wants what it doesn't shouldn't be of our concern since, bitcoins recovered from its ban and also they are now stronger than before thus I doubt if China is needed anymore for the regulation of money and crowd.

3. The recent declaration of war between US and North Korea, China is playing a major part thus if they are going to do something I doubt if it will be done anytime soon.

4. Bitcoins are now gaining power and command over many countries and I think they will be accepted as a global currency soon thus China will anyways will remove the ban if they don't want to be left behind.

[aoluain]

Hey
I would like to point out certain points :-

1. China was looking forward to controlling the money outflow , and there had been rumors that they were going to introduce a new cryptocurrency, I know nothing about how true the rumors are but suddenly banning all ICO'S and Bitcoin possession did... Take a toll on the price of the Bitcoin in the market.

2. China what it wants what it doesn't shouldn't be of our concern since, bitcoins recovered from its ban and also they are now stronger than before thus I doubt if China is needed anymore for the regulation of money and crowd.

3. The recent declaration of war between US and North Korea, China is playing a major part thus if they are going to do something I doubt if it will be done anytime soon.

4. Bitcoins are now gaining power and command over many countries and I think they will be accepted as a global currency soon thus China will anyways will remove the ban if they don't want to be left behind.

I was of the thinking that bitcoin ban in china
Was only temporary but i am seeing a lot of
reasons as to why i might change my opinion.

China has nothing to gain from allowing its citizens
To use bitcoin. Why would china be left behind?
No country has yet to 'legalise' bitcoin and erase
Their own fiat currency.

China is still banning their citizens from accessing
Everyday websites, websites we in the west take for
Granted, why now would they allow their citizens to
Be involved in something they cannot really regulate
Or control. Because bitcoin is web based they instead
Just ban it.

[audrey12]

I'll be not surprised if China will change their decision and will adopt the digital currency maybe after the pump that is happening now in the price of bitcoin China will no longer ban bitcoin, anyway whether they banned bitcoin or not it will not matter bitcoin will continue to grow and more country will accept it and adopt it.

[gabmen]

China has a very proud, stubborn and power hungry governement so i.don't think we'll likely see a reversal soon unless they find a way to regulate bitcoin and crypto trading. They're anxious over things that are not completely under their control

[blueteam09]

I disagree with you and the article was simply when I wrote this article because when I was writing this post the bitcoin was up to $ 5800 I know bitcoin mines are mostly in China but not so This field affects the current bitcoin price. They (China) have manually banned bitcoins and ICOs and virtual currencies for their benefit so every bitcoin user has turned their back on China and into better markets like Japan and Korea. The evidence is that when China shut down Chinese trading floors, bitcoin prices have been falling for a short time and now it is rising the most strongly before reaching the fork stage.

[pitiflin]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

China, man is trying to prove something to other countries, they know that they contribute a lot to the crypto community by mining and by banning bitcoin they are trying to say that China cannot be beaten in that aspect (if they ban bitcoin no country would be powerful enough to do such mining and eventually they will come back)or something like that, it was mentioned in an article.
However, bitcoin crossed 5800$ this morning and it increased about a thousand dollars since yesterday, so China I believe you got your answer.

[androidpobeditel]

The Chinese are insolent, they climb everywhere, they want to be the first in everything. They want to gain control over bitcoin and this is correct because there is a future behind it. By controlling bitcoin, you control the whole world.

[traderethereum]

The Chinese are insolent, they climb everywhere, they want to be the first in everything. They want to gain control over bitcoin and this is correct because there is a future behind it. By controlling bitcoin, you control the whole world.

but unfortunately, china can not controlling bitcoin and this is why they are make some panic news for the people so they are selling their bitcoin with fast. many things that we can see that news from china is really makes affect with bitcoin price especially with new people which don't know much about bitcoin itself. and i think when the price now is more than $5xxx, china will come back again with their power to trying to control bitcoin (again).

[Ayush rana]

Someday this is gonna happen because of the high profitability of bitcoin ony a fool can resist to its use. China also want to make some profits so they might reverse the ban of bitcoin

[RecklessRocket]

I do not think that China is going to reverse the ban on BitCoin.

It is good to use Bitcoin but there are many ways to hid black money, using BitCoin as well and due to this reason, I do not think China is going to allow it.

China has a corruption problem and they want to fix it. So, the Chinese government will not lift a ban on Bitcoin in near future.

[Silberman]

Sooner or later it will happens. No one can ignore the power of Bitcoin. China has banned it because of their own benefits. Soon every thing in China will back to its normal.

That is very too true and we can expect that the bane will not continue for a long time, and very soon they are going to release the bane from bitcoin, because a number of Chines are related to bitcoin and even depending on bitcoin for living, Therefore I do not think that their bane on bitcoin will continue for a long time.

I am tired of seeing the news about China, and more forgetting about it. go away from my mind. I do not like Bitcoin being manipulated by political interests there. I feel it's kind of a game to monopolize the price of Bitcoin, whatever sort of fud. Apart from China bitcoin remains alive even unstoppable.

I’m tired of that as well but we have no choice but to keep an eye on it, China is still a big influence on bitcoin and until that changes anything related to China is going to be analyzed over and over again, I cannot wait to the day Japan and other countries begin to take a more important role in bitcoin, that will not kill all the China threads but it will diminish them substantially.

[gabmen]

Someday this is gonna happen because of the high profitability of bitcoin ony a fool can resist to its use. China also want to make some profits so they might reverse the ban of bitcoin

Reverse it or not, china doesn't have that effect on the general bitcoin market anymore. It would probably be good news for the people there trading but as we can see, outside china, bitcoin has hit another record high.

[Silberman]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

China, man is trying to prove something to other countries, they know that they contribute a lot to the crypto community by mining and by banning bitcoin they are trying to say that China cannot be beaten in that aspect (if they ban bitcoin no country would be powerful enough to do such mining and eventually they will come back)or something like that, it was mentioned in an article.
However, bitcoin crossed 5800$ this morning and it increased about a thousand dollars since yesterday, so China I believe you got your answer.

I hope they enjoy that while they can, Japan is already developing their own mining technology and Russia is doing the same lets see how strong they really are when they have to face real competition from other countries and companies, after that the influence of china is going to diminish, it is not going to disappears but it is not going to be as it is right now.

[AverageGlabella]

Is it just me or does anyone else feel that the strength and integrity of Bitcoin is being tested or manipulated?

https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-5400-on-hopes-china-will-reserve-exchange-ban-540769

It didn't even have an impact on Bitcoin. So really it only matters to some Chinese citizens which abide by the laws. It literally had zero impact on the price of bitcoin.

[CisColtz]

In the past years china has had it's fight with bitcoin so it's nothing usual until now. I'm sure that things will be ok after the ban is lift or whatever problem they have there. Keep your head up and watch bitcoin closely.