History might repeat itself once again- The new China ban

[ghermghuda]

Last year around this time getting into September, China decided to ban crypto trading activities and other related activities and then they finale banned somewhere in September. This year, they have done it again by banning crypto marketing and events, according to: https://bitcoinist.com/china-officially-bans-crypto-activities/
Will this make the market furious again and begin to pump or it's no "new" news and so it won't have any significant impact.

[Halbert]

On the history of bitcoin movement, we can say that we are preparing to see a big increase by the end of the year 

[zhekinsp]

In last year the prices were rapidly increased not because of Chiia ban in something related to crypto currencies,and if something which happen again this may leads to fall prices more in my opinion.

[Anewor]

Should they ban it, then it could be another beginning for cryptocurrency. This could be another event that could as you have said repeat history, but for me this another beginning that could lead to something else. It is more like a correction to ptrvious mistakes that may have happened if there is any in their own sense. So i just think the cryptocurrency market will probably change after this.

[Vispilio]

Bans & Censorship efforts by states and banks further the understanding of the masses that institutions are no longer your friend in the 21st century, and the individual has to

look after himself in the modern world. So in the long run, oppressive behavior will have a positive effect on the rise of Crypto Currencies.

[Rangga27]

I think the impact was very influential on the crypto market, because many Chinese investors held funds in crypto

[dogtana]

Ban the banned

[Herbert2020]

bitcoin has been around for about 9 years and from around the second year or third China has been banning cryptocurrencies almost every 2 months... or at least that is what the "media" has been telling you they have done.
this time the source of the news is so funny! it is some dude from California owning a shitty small business called Dhanua Capital, posting a tweet!
what really happened is that WeChat is no longer allowing any ICO advertisement on their platform.

[mmacool]

Do you really think that in that year because of China, the market grew very quickly? There is a lot of news and the market reacts differently. But I think that China will play some role in the market.

[kingdomofhearts]

On the history of bitcoin movement, we can say that we are preparing to see a big increase by the end of the year 

I hope you're right about this trend dude. However, things can always go the other direction and we have no basis for that pump yet. So I think we will be better off not to assume things or probably just don't expect too much.

[Kallipso]

Last year around this time getting into September, China decided to ban crypto trading activities and other related activities and then they finale banned somewhere in September. This year, they have done it again by banning crypto marketing and events, according to: https://bitcoinist.com/china-officially-bans-crypto-activities/
Will this make the market furious again and begin to pump or it's no "new" news and so it won't have any significant impact.

China is not a global problem for the market and their prohibitions do not significantly affect the entire situation. So do not think about the nearest pump, we need more global news.

[mostkey]

Last year around this time getting into September, China decided to ban crypto trading activities and other related activities and then they finale banned somewhere in September. This year, they have done it again by banning crypto marketing and events, according to: https://bitcoinist.com/china-officially-bans-crypto-activities/
Will this make the market furious again and begin to pump or it's no "new" news and so it won't have any significant impact.

The current situation with last year is certainly very different, this is a psychological problem that people think on the market today, of course with the many fears of news that make them weaker than anything, I don't think it will be the same now but China is not right There really is an impact on the other side maybe in development last year with the Chinese ban there is news that might be better after the ban happened? then that's the cause and now we are not too strong with any news and people are afraid of losing money, often not understanding what investment is.

[Samtob4]

I will be happy to see that is what we having being waiting for hope they pump it soon i have alot of coin am holding and i wish to sell them by december

[BitcoinHodler]

China last year did not ban cryptocurrency trading, what they did was that they tried regulating their centralized exchanges but they refused to comply so they closed them down. and ever since that day people have been trading P2P or trading on other exchanges like the Japanese ones.
and this time is no different, there is nothing that indicates any kind of ban. so in a way you are correct history did repeat itself in the sense that we saw the same FUD about China ban one more time and the market ignore it

[semobo]

bitcoin has been around for about 9 years and from around the second year or third China has been banning cryptocurrencies almost every 2 months... or at least that is what the "media" has been telling you they have done.
this time the source of the news is so funny! it is some dude from California owning a shitty small business called Dhanua Capital, posting a tweet!
what really happened is that WeChat is no longer allowing any ICO advertisement on their platform.

LOL,I am just amazed after seeing the trueness of the media nowadays,they just tell China bans even didn't make any research about it.
So the people we need to be careful,what we are hearing is not true this maybe someone's strategy to manipulate us.

[electronicash]

onechain seem to be active. as long as the people from china has access to the internet, their government can't stop the people from trading nor participating on ICO. cryptocurrencies has been here for years already, no one stops this even if all government are going to keep banning. they'd have to put us all in cell in that case to stop crypto.

[rdny]

Even with the new china ban, bitcoin will still stay around at current levels, but people are hoping that it goes way up in the coming last quarter of the year. They are betting on it replicating or atleast besting its last year performance.

[bartolo]

China last year did not ban cryptocurrency trading, what they did was that they tried regulating their centralized exchanges but they refused to comply so they closed them down. and ever since that day people have been trading P2P or trading on other exchanges like the Japanese ones.
and this time is no different, there is nothing that indicates any kind of ban. so in a way you are correct history did repeat itself in the sense that we saw the same FUD about China ban one more time and the market ignore it

Nobody cares about news from China anymore, the supposed China bans have become a meme, most are interested misinterpretations and the rest are restrictive measures that their citizens can easily skip. Anyway, we must also remember that the real FUD was not any news from China but the August hard fork, I still remember many expert analysts predicting the apocalypse those days and we saw what happened next.

[dzelenyanskiy]

The Chinese government is playing some kind of cunning game, sometime softening its policy towards crypto-currency, then toughening. Of course, this is bad news for us, but as the market was already depressed, as it is, such news will not significantly affect it now.

[Gekkoo]

Fortunately, the cryptocurrency market is well distributed and does not rely heavily on China, we can rest easy with this news that is unlikely to shake investors. Last year there was a bigger reaction when it banned for the first time impacting the market. But can we expect China to resume its position on the crypto? I believe so and this moment is temporary.