Did China really crash Bitcoin again?

[adzino]

Really funny how people starts to blame other countries with no specific facts that can back up their claim. Why do you really think China has caused that crash? Any recent event that caused people to panic and sell? If it is really because of China, then this crash is just temporary. It will recover in few days after things starts to settle.
We have seen these ups and downs of the price from the very beginning. This is nothing new over here. So spreading false news about "China" banning exchange and other bullshit news should be stopped.

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[LUCKMCFLY]

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There will always be many weak hands that will be guided by the news, it is also notable to note that China is looking for attention, this to prepare the ground for its cryptocurrency that will be launched soon. This news does not seem to be "Fundamental", some sell their cheap Bitcoins for lack of knowledge in the field of investment in the market, perhaps the panic takes advantage of them, this is a great opportunity for the purchase of Bitcoin, because in general, it is in the beginning of Bullish Trend following Wyckoff's theory.

[kro55]

Chinese president statement on blockchain was main reason of recent rally in which BTC went upto 12k. Market has to settle after that hike, we can say that China is also responsible for this fall

[Blackdeath]

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

Indeed. We should not put all the blame to China about the recent crash of bitcoin's price because it is pretty normal for a cryptocurrency like bitcoin to have ups and downs to it's value. I think the only cause why bitcoin's price is starting to go down is maybe because of halving that will happen this 2019 that it will start to reach it's price again to $20,000 again

[Hamphser]

This is too much for scattering rumours i guess since China is always on the blame. Lol Can we consider a little bit about of how the market would bend back because why not. After all this is just a free market where whales and people like us can do anything anytime here. And i don't think China will make a big effect on the market anymore if ever they would certainly crash bitcoin because first of all, they don't support it.

[jossiel]

I think the rumor remains as a rumor, the reality came out that those news about China and Binance raid is a fake one. That's why CZ will sue the news media, the block.

Binance CEO Speaks Up Against The Block; There Was No Raid

[Oceat]

I think the rumor remains as a rumor, the reality came out that those news about China and Binance raid is a fake one. That's why CZ will sue the news media, the block.

Binance CEO Speaks Up Against The Block; There Was No Raid

This is not new to me since I've known China to make certain rumors to make the public react against it but for those people who knows the truth will continue what they are doing or take advantage of this rumors. Although it is not just China has been doing it since it is also happening in different parts of country where fake news was spreading all over the place even in the social media.

[qiman]

I think China is partly to blame because Chinese like to speculate a lot and any small news in their country affects the price. I am Chinese so know the mentality quite well. Also, China is at war with Bitcoin, it is a love and hate relationship. Chinese like to make money form Bitcoin but equally despise it due to the fact that it was not their creation. I think these two reasons are why Bitcoin right now is not sitting at at least 30-40k USD each in value.

[Distinctin]

We can't deny that China has a negative response to Bitcoin and the whole crypto because of their personal interest. As they would like to take care of their territory, they give everything just to stop the crypto spread in their area https://japan-forward.com/crytocurrency-control-boosts-chinas-expansionist-strategy/
And one thing that China never accepts crypto now and even push to close all establishment accepting Bitcoin because they want to control and imposed regulations on it which they can't.

[dimastegar]

Bitcoin had been in a fragile zone for several weeks, we could see that the price was able to drop at any time. A little in the same situation as we were at $10k. It didn't take long for the price to fall if you remember back.

It's funny because several weeks ago when the price went up by $1k (or more?) the media outlets also said it was because of China (when they announced its own digital currency).

Always the blame on China ofc.

Yes, it's funny because some people think China is the cause of the fall in the price of Bitcoin. And they should not be easily consumed by news from the media, which sometimes write speculation on the news. We can say this speculation as FUD.

[meanwords]

We are just getting to the price before the china announces their support for Bitcoin. People over hyped it which results into a pump of $10,000+ but when China released a statement that they only support Blockchain, people suddenly pull out. There's no theory or anything like that happening, we are just having a correction.

[cotton ball]

China always make drama with bitcoin, last several weeks they have make bitcoin come back stronger price after China president want to legal using bitcoin as currency payment, but now we got confirmation about China have make bitcoin crash and down. I don't know why China have big power to play bitcoin price, they can easy want to make bitcoin have higher and lower price.

[clickerz]

We are just getting to the price before the china announces their support for Bitcoin. People over hyped it which results into a pump of $10,000+ but when China released a statement that they only support Blockchain, people suddenly pull out. There's no theory or anything like that happening, we are just having a correction.

Well, possibly a correction added with fud news from China is just a coincidence. I don't believe that Binance is the sole reason for this is what the media portrays. Sooner we will see a bitcoin recovery, adding that next year is halving event. This happening is a good opportunity to buy to accumulate.

[bounceback]

China always make drama with bitcoin, last several weeks they have make bitcoin come back stronger price after China president want to legal using bitcoin as currency payment, but now we got confirmation about China have make bitcoin crash and down. I don't know why China have big power to play bitcoin price, they can easy want to make bitcoin have higher and lower price.

I'm not too sure if for example the price of bitcoin goes up or down it's caused by the drama of the Chinese state but this might be caused by certain factors directly related to bitcoin, honestly now some people are confused because every bitcoin price goes up or down there is always news that say it's caused by the country of China, is it currently only China that adopts bitcoin? of course not.

[ragavancoin]

I was surprised by the opinion that always connects China with bitcoin price movements. In my opinion the decline in bitcoin prices
now this is not because of the state of china, but indeed the price manipulation is carried out by whales in order to obtain cheap
prices for buy bitcoin. As we know in a few months there will be a big event halving bitcoin, therefore whales want to buy in the amount
of a lot of bitcoin by making prices down. And proven effective many investors are panicking sell now. So for who have not planned to
sell their bitcoin, I suggest not selling the bitcoin you have, because I'm sure a few weeks in the future bitcoin price will rise again.

Yes. I agree with you, for sure bitcoin price will increase by 2020 better not to sell bitcoin,whales always does this,  better hold bitcoin  for few weeks. Definitely will find bitcoin increase

[lionheart78]

I think china is the main reason behind the crypto crash.But this news and cointelegraph news are different.but both news marked that china is the main reason. I saw in cointelegraph that chinese police  raids on binance and bithumb.
News:  https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges/amp

I do not think that China is the reason why crypto crash.  Even though they released that news, it is only limited to China and not to the entire world.  I believe that people who wanted the price of BTC to go down took this opportunity to crash the price of BTC and accumulate at the bottom.  This is a mere manipulation and we can see another rally after this accumulation is done.

[fiulpro]

No I don't think it's China , it's not only in China that Bitcoins is getting bad news now a days , we should at least stop blaming only one country unfortunately some countries now are not emerging as a fan of Bitcoins and they are actually creating problems for it and this recent crash is all of that summed up together and not just something that could have happened from one side only and we should understand that a whale does hold a huge amount of power over this too and it could have been done by them.. who knows. ?

[Maotezi]

There has been a lot of decline and growth in bitcoin in recent weeks, but China should be blamed the least. There are various ways and possibilities of bitcoin volatility lately. I have read a lot of news that is "spitting" on China, due to the decline of bitcoin, which is very annoying, but I think the people are still normal, to realize that China is not to blame.

[Palider]

Bitcoin price are manipulated now and china are not connected on this downtrend of bitcoin,  maybe whales do some FUDs and now weak hands,  small investor are force to sell their bitcoin on cheap price to cut their losses, 

And I think whales do this to buy big bulk of bitcoin when they see the target price to buy cheaper bitcoin..  And when this happened whales are started to buy and this will cause now panic buying, 

[Micerker]

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

it's the same trick at 2017-2018 when china grounded bitcoin when they are biggest bitcoin owner.
dump and buy, then pump and sell, I don't want to but follow them, you'll get money, not as much but still got money. I often cut loss but still make money when buy at dip