China is Back to BTC Business

[1Referee]

It's pretty funny how China bans continue to fool people into buying and selling Bitcoin...

It's even funnier how fly-by investors are handing over their coins to stronger hands at a loss, making sure they'll hand the coins back to them at way higher levels later on.

Noob thinking;

Bitcoin at $15,000 = it will take over the world soon.
Bitcoin at $4000 = mwah, the end is near.

With how easy it is to shake these idiots out, and how unregulated this space largely is today, you should expect fud to pop up and affect the market, because it's too damn profitable to troll everyone here.

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[Pab]

China is not blocking oversee exchanges
I don't see any ico with disclaimer not available for investors from China
In fact biggest obstacle and biggest hope is USA
We don't what China pretend to do
There is still mining done in China so it is some money even from taxes
And now with that tariffs war we will see

[enhu]

I've read something else though and I think it was from a facebook group which I have joined that they see China still not into BTC. It would have mooned by now if it were true. There were still mining companies actively mining from China but them lifting the ban might just be a news without truth. 

[gamalzour]

A little hidden news .Not advertised by Coindesk or any other western press
 Bitcoin is legal asset in China

China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally

According to a recent report by CnLedger, the crypto ban is now a thing of the past in China, as virtual currencies have been legalized as a mode of payment to be accepted by people and business entities as. The Shenzen Court of International Arbitration was quoted as saying;

Instead of that news we are receiving scary news about regulation in USA and famous dead of bitcoin

https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/

hope you are better now

And report from 3 november

 This week in crypto:

1. Bitcoin 10 year anniversary
2. Janet Yellen now owns Bitcoin
2. Ron Paul calls for no crypto tax
3. Bitstamp acquired by NXC
4. @binance signs up 40k in Uganda
5. Coinbase raised $300M
6. Morgan Stanley says crypto is institutional asset class

That doesn’t change anything at all, the price is still where it is. Even when they banned cryptocurrency in their country that seems to be when cryptocurrency started to progress and that was when we had the highest bull run with price almost getting to $20k. But I hope they contribute a lot and make the market to start growing back again, if this information is true.

[gostop]

Such content should be untrue. I have not seen the market's large fluctuations. If this is true, then the market should start violently rising in December today, but in fact there is no fluctuation in the market.

[perfect999]

And so? When did they get back or they are still about to get back into it? This is no big news, even with China being out of the business it kept booming and reached the unexpected rate. Now they are back, what has happened? The price is still low and is still dropping even to the lowest point. So this is no big news at all and I don’t even see why any media outlet should be carrying it.

[yitzjoe]

China has a very large population and most of them are crypto activists ranging from miners, investment and traders and if the China state is not responsive to this it will cause some problems in China's finance and economy. they must be careful about crypto for the progress of China itself

[airdropcoin]

China has never stopped BTC business. No government can restrict people from buying coins. The cryptocurrency is anonymous. The government is unable to track encrypted funds. So I never worry about the government banned cryptocurrency.

[0t3p0t]

This will be a big news if China lifted the ban for crypto's especially BTC, As we Know China is the largest population in the whole world that also uses bitcoin for mining, trading, gambling and also Initial Coin offering, This could trigger BTC' price to rise up again right?

I agree, China when it comes to investments will be a big thing most especially in cryptocurrency market. Remember what had happened when China implemented the total ban of crypto? Damage has been made before so if they are coming back into cryptocurrency adoption I think there will be something interesting that worth to be waiting for in the near future. It could be that China, USA, Europe and japan will be the most countries to have competency in terms of cryptocurrency usage and investments.

[virasog]

This is a spark of good news but still I am not convinced . In the past there has been to many articles which states ban and unban of cryptos in China on regular basis.
Also I dont see why then they baned cryptos in the first place , do they now have some kind of oversight power ..

China has always been supporting the digital currencies.  At times they had ban the ICO which were wrongly interpreted that they blocked the crypto currencies as a whole. China has the biggest bitcoin mining farms and it is the great supporter for bitcoins and other digital currencies.

[Rana590]

There are still a lot of payment method active in China through bitcoin. Yes, bitcoin is legal in China. They are still use and support bitcoin. Wait some days for more information.

[Dodoymabs]

Recently, the value of coins doesn't show some signs of positive. But in the case that China is really gives important about BTC then this could be good for the future. I'm sure this effect will not happen quickly but definitely it will take more months.

[MainIbem]

Whatever, If from statically point of view can someone convince me?? why the BTC has not bounce back after the weekly average low instead of over sold in RSI?

The ban by China had its effect long ago. This elongated bear run is not because of China but very complicated so China coming back to crypto will not automatically shoot up the market. In the other hand, it could be that the story is not true.