Why China is always bad news for bitcoin?

[shi07]

Based on the reports and articles china's Initial Coin Offerings (ICOs), which has become a popular method for blockchain projects to quickly raise funds are being shutdown.Also the two major Bitcoin exchanges, OKCoin and ViaBTC are reportedly will end up to closing.The china's quasi-official reason for the hammer dropping is to protect Chinese citizens from financial fraud.In addition China’s economy is suffering.There are rumors flying that the government will devalue the yuan.Thats the reason why china is always been bad news in bitcoin.

[sangvandeta]

During this time many things are banned in China, in the end they make their own. It is not impossible that China wants to create its own cryptocurrency that can be government legality

[diva.man]

Because they are a one-party state!

They want to keep the money out of the country!

[Cgrbb]

because there should be a good cop and a bad cop. that will be always like that.
this is the natures regulation about goodies and it makes the goodies better

[mOgliE]

China.. is a big country. In size as well as in population. That's just a fact.

So quite logically, the community of bitcoinners there is quite large... Just because there are more people in the country than in many others. So, the community is large and each time the government makes an annoucement, of course, many people are directly affected by what has been decided.

Thus, you have this effect of "bad news" whenever there's a statement from the Chinese government.

Though, actually, what China does and says and so on, does not directly have impact on bitcoin. The impact exists only because some people (Chinese I guess but not only) start panic selling and buying when there is any statement from China.

So China is not a threat, just an indicator!

[YoungMaster]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

They always come up with issues and bad news about bitcoin.
It is clear that lately, China has slowly attacking the world of cryptocurrency. Starting from bitcoin regulation in the country, banning Initial Coin Offering (ICO), and now they are attacking miners in their own country.

[Bonsaiav]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

With the robe of his greatnes, the Chinese government destroyed the bitcoin, then they wash it and clean it up, after that they force the bitcoin to run as fast and as far as possible, then the Chinese government chase it back and they do the same thing like that has happened brfore.

I think, bitcoin has been considered, as guinea pig by the Chinese government.

[izanagi narukami]

They usually will try to adapt things and make a great copy for anything so in bitcoin case, everyone will try to adapt bitcoin.
As I know , Chinese population is big so that's become the advantage for Chinese to adapt bitcoin for their own good.
Of course it affect on bitcoin value around the world !

[bit-freedom]

China like to control everything which includes its national currency CNY. So it is not surprising.

But the way China handle crypto with news that ban crypto and then news that say it is all fuds. It is really questionable whether the government officials are trying to manipulate Crypto prices.

[newb-dev]

The Chinese government is afraid to let something they can not track in their country. Sooner or later they will be forced to accept bitcoin

[LeroyMxaon]

I want to think that there is. China's culture is very closed both within its social structures and its economic systems, but entrepreneurs who are committed to achieving economic improvement must risk taking control of bitcoin and the free economy.

[Harley29]

because there should be a good cop and a bad cop. that will be always like that.
this is the natures regulation about goodies and it makes the goodies better

Hope and hope makes things well! So yeah it is true sometimes they say bad about bitcoin but then again they tell us some good news related to bitcoin, as much as China concerned they really don’t trust bitcoin but mate some of their people who live in china but use to buy online good with bitcoin, it will not affect bitcoin importance worldwide! Because it is now very famous and no country can make bitcoin down completely.

[WUUEX79]

China is indeed funny, wishy-washy, has no stance, like a 5 year old child. Their rules aren't qualifid and volatile such as bitcoin price in exchange markets.
The actions of the chinese government have a major impact on bitcoin, as China is one of the largest users of crypto.

[weblouartisan]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

There is an incident before where icos has been banned on china and that is the bad news since professional crypto analyst are saying that china has the 30% of contribution on the market. The country china has a lower electricity consumption bills and it was really good to run your mining rig on their area, obviously they are getting a lot of profit from it.

[Lannie25]

Based on what I see and read from the articles. China has withdraw to the bitcoins from their investment.
It is a bad news since it really affects the company and market value of bitcoin; but somehow USA is always to the rescue to save and prevent the company in a big loss.

[ardibimbim]

My opinion, despite banning bitcoin, but as one of the virtual currency trading centers in the world, I believe what the Chinese government is doing now is just part of China's strategy to hinder the rate of bitcoin transaction development, because China wants to create and owns a legitimate crypto from the government, and could be more profitable to the state.
Because so many things were previously banned in China, but they eventually made themselves and succeeded and benefited the Chinese government itself......

[Daffadile]

This is a stupid country.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.

It's a communist country that is what they do. They also lie to you and say we are all equal. -_-

Now we have to deal with this shit and bitcoin is dipping like crazy over here freaking 9k$ wtf is even going on that government there in China seriously. When will the people rebel against it? Oh.... It's because they have already been brainwashed by the government.

China does not know da way!!

I hope the dust settles soon and China just goes away and stays away. The number of coins in distribution will bring the price back up if we completely ignore China because their coins won't be among ours. Let's just exclude them, it seems that is what they really want. I actually think this is a good thing. Once Bitcoin goes back up and is more stable the price will go up even more because we won't have to compete with so many Chinese miners with free/very cheap electricity.

[Mr|Creativ4]

It is a little foolish for an advanced and developing country like China to do such a thing. Everything will be fine in the near future, but I hope no one will give up altcoins or it could be the end of many people. Altcoin has always earned more. 

[shloma82]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

I do not understand it myself. In China there are the largest farms in the world. Maybe this is an attempt to manipulate the price?

[webdevmastery]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

I believe that china is the best place to start an ico business since the value of electricity consumption in their area is very low and statistics in the market is saying that china has 30% of the contribution in the market so i think that china does not always bring bad news at bitcoins at all.