CHINA ban Rise and Down

[ongels]

China are great market manipulator's , But even though the impact of banning bitcoin in China brings panic to the mass, Still people and followers of bitcoin united to sustain its value in the market, and now we feel the real power of bitcoin started to rose up in the 2nd week of October and everybody are again enjoying the good harvest of investing btc.

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[sukamasoto]

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 just remember that China is no longer the world's leading bitcoin market, and its prohibitions limit the development of bitcoin here, so that Japan becomes the largest market.

Imagine if China still able to use bitcoin, bitcoin value will reach even higher !
As for now bitcoin will reach their limit on 25 Oct so if you guys on profit, try to sell some and let's hope China will use bitcoin once again

[zidanw]

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  ??

Oh you mean is the bitcoin price rise because what? right, china ban makes prices fall due to panic sell, a surely increase price due to increasing demand, probably because Segwit later.

[putrisa]

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  ??

no matter china banned bitcoin because bitcoin users in china very much i think china residents who use bitcoin will not stay silent, and i think it's just china way to get bitcoin at cheap price.

[jammujuliana]

China will again allow crypto currency and ico regulation in the country. It loose more investors as those are migrated to japan and korea.

[Sled]

Why you are like feeling weird about the price dump and pump? It is very common to see bitcoin that the price is going down because of the news that is 100% negative to bitcoin and because of that dumps, there is an event that occurs called panic selling and because of that panic selling the whales are taking advantage of that and they are buying bitcoins at the cheap rate and you can see that because of the effect of panic buying of the whales that makes the price pumps.

[audaciousbeing]

Why you are like feeling weird about the price dump and pump? It is very common to see bitcoin that the price is going down because of the news that is 100% negative to bitcoin and because of that dumps, there is an event that occurs called panic selling and because of that panic selling the whales are taking advantage of that and they are buying bitcoins at the cheap rate and you can see that because of the effect of panic buying of the whales that makes the price pumps.

At foremost, China didn't ban bitcoin because banning bitcoin would mean ending everything that relates to it whether its exchange, mining, blogs, conversion sites etc but no those variants still flourish till today. What actually happen was a mere noise which was blown out of proportion despite the fact that discussion was still ongoing by the major stakeholders in that part of the world.

The increase in price therefore have to do with the gradual return of interest and confidence into the market which is a normal thing to see after a turbulent period couple with the intending fork that would increase the amount of core btc people have already.

[Cosbycoin]

probably it’s obvious for everyone who has seen the proof that bitcoin has recovered or rise since the ICO’s closing in China. and there are many people who become optimistic about bitcoin’s growth after the fork’s announcement that will be held in this month

Actually bitcoin have given us a hope and surety from its last performance that it doesn’t matter how hard the fork is, prices will shoot up soon after the ending of that spike. There is nothing to be doubted on the development of bitcoin’s price that it will not be stopping at any moment. Like you said, banning ICOs and exchanges will not be of any use until people love bitcoins.

[bitcad4u]

probably it’s obvious for everyone who has seen the proof that bitcoin has recovered or rise since the ICO’s closing in China. and there are many people who become optimistic about bitcoin’s growth after the fork’s announcement that will be held in this month

Actually bitcoin have given us a hope and surety from its last performance that it doesn’t matter how hard the fork is, prices will shoot up soon after the ending of that spike. There is nothing to be doubted on the development of bitcoin’s price that it will not be stopping at any moment. Like you said, banning ICOs and exchanges will not be of any use until people love bitcoins.

It is very common to see bitcoin that the price is going down because of the news that is 100% negative to bitcoin and because of that dumps, there is an event that occurs called panic selling and because of that panic selling the whales are taking advantage of that and they are buying bitcoins.

[Almat]

It's not all about China, just take a look for Japanese and South Korea that I think they have bigger market compare China's recently.
Since there are a lot of demand especially after they have officially legalize bitcoin so it's reasonable if bitcoin is pumping up for now !

Yeah, they overtook China after the exchange ban by the Chinese government. Can't really blame them.

Still, this means there are other countries more than willing to pick up the slack if top holders start dumping. For the most part, this means Bitcoin is unstoppable. Japan isn't going to ban anytime soon and the US is supportive. We're in for a great future.

[Tungsten-1]

No. The rise and fall of price of Bitcoin is not because of China. China ain't shit. China has nothing to do with that. It's because of Bitcoin hardford. Bitcoin is more likely to split again and many bitcoin holders are now holding bitcoin as much as they can. From saving Bitcoins, they will obtain forked coins which Bitcoin Gold. The more you save, the more you gain. China is nothing. People are sick of their drama. Why don't they ban cryptocurrency there already? The reason is because they are just manipulating us. Japan just already surmounted them. Japan is the bigger market now compare to China.

Yes, bitcoin is not confined to any region and what Chinese did they just throw axe on their own feet and they will surely regret in the future what they did and they will beg to rejoin and they will face a lot of trouble because whole world is accepting bitcoin and payment are now made digitally so there will be difficulty of business for them china has now no impact on price all they do will be a loss for them.

We can't deny that it did have a big effect on bitcoin for a few days though. And if another country would do the same, there probably would be the same temporary effect. The good thing is that we've proven that bitcoin still has a very good support and following so despite china banning exchanges, which could have brought down a lesser market, bitcoin continued to grow even stronger

China is no doubt having the maximum number of investors and traders in the world of crypto currency especially bitcoin. This was the only reason behind this that bitcoin was effected this much. If some other country do the same thing, then I don’t think so that there will be any such effect on the reputation of bitcoin. China’s plan has been flopped dramatically and now they will be regretting over what all they have done.

[upsidedown75]

It's not all about China, just take a look for Japanese and South Korea that I think they have bigger market compare China's recently.
Since there are a lot of demand especially after they have officially legalize bitcoin so it's reasonable if bitcoin is pumping up for now !

Yeah, they overtook China after the exchange ban by the Chinese government. Can't really blame them.

Still, this means there are other countries more than willing to pick up the slack if top holders start dumping. For the most part, this means Bitcoin is unstoppable. Japan isn't going to ban anytime soon and the US is supportive. We're in for a great future.

That’s the most trustable thing about bitcoin that its progress and profit giving nature is unstoppable and this thing attract more user as china banned bitcoin exchanges the other regions like Thailand and japan took over the seat china left and they start their business into the bitcoin and now these countries are enjoying more blessing of bitcoin as compare to china and this thing is clear that it has no weakness.

[Kr8os]

Their ban of ICOs means that Bitcoin in general will have less competition overall, but it also means that it's powerful / popular enough that China can't exactly prohibit the flow of it in and out of their country.

[jaysabi]

The recent price appreciation seems less likely due to certain countries like China and Japan and more likely to be that the recent price rise is from people bidding up btc trying to acquire as much as possible before the bitcoin gold hard fork which is supposed to happen within the next 24 hours. Like bitcoin needs another derivative, this one certainly seems like the most shady out of them all. After bitcoin cash didn't immediately die a painful death, people saw how much money was to be made by partaking in these garbage forks, and thus bitcoin gold was born. Except in this case, the developers are pre-mining 100,000 coins before releasing the code to the public.

[junoreactor]

Bumping this thread to post an article from telegraph.co.uk
Beijing still trying to figure out how to control (=ban) the mining activity in the country...  

[teddyktl]

China bans Bitcoin is really a good thing because there a reason i don't like much about the Chinese trader. That they always turn the market into a mess.

[RamonBTC]

Bumping this thread to post an article from telegraph.co.uk
Beijing still trying to figure out how to control (=ban) the mining activity in the country...  

Thanks for the link and that is alarming. They want to make bitcoin useless is something very disturbing and as well disappointed by them. In some point, I do understand why they ban ICO in they’re country but attacking the Blockchain technology by using computers is beyond normal. I think there is something or someone powerful behind this.

[Glorious04]

Their ban of ICOs means that Bitcoin in general will have less competition overall, but it also means that it's powerful / popular enough that China can't exactly prohibit the flow of it in and out of their country.

Exactly. They are just one country compared to the rising new countries that are starting to believe in bitcoin. Though it indeed affected the value of not only bitcoin but also other cryptocurrencies but we can see that until now bitcoin is unstoppable. No ine can really do much to go against bitcoin and not even those countries who literally prohibit the use of it.

[talkbitcoin]

Bumping this thread to post an article from telegraph.co.uk
Beijing still trying to figure out how to control (=ban) the mining activity in the country... 

everything will come down to the corruption in China, and in the end they can not even put a dent in Chinese mining operations.
it runs deep and with the added financial situation in China and the fact that mining is filling the pockets of so many people legit or through bribes, it can not be closed at all.

imagine a small city that has a small power plant that is alive only because of the mining farm. the city people are earning money because they have a job in the mining farm or in the power plant or anything related to this mining operation. there are officials that see this and may even be bribed to let the mining go on.

the government goes to this city and tries shutting down the farm. they will shut it down for a couple of hours and they say "we ban bitcoin now. everything fine" then things will be started soon afterwards.