Bitcoin is Trending on China

[Asuspawer09]

Nothing special, Bitcoin just trending once again in China since the Bitcoin Price broke past 10,000$.

One of the biggest social platforms in China, Weibo a microblogging website has the cryptocurrency bitcoin on its 4th hottest topic.
Looks like the world has its eyes on bitcoin since the market is getting hype again.





Reference:
https://twitter.com/molllliy/status/1226379077923160065?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1226379077923160065&ref_url=https%3A%2F%2Fbeincrypto.com%2Fbitcoin-trending-china-breaks-past-10000%2F&fbclid=IwAR20_kIk291O5PQJcSCooydusOOUxLmgwJspV8EETmTxD_pRUi0UuNL5W9I


China doesnt seems to like bitcoin in the past years....What are your thoughts about this?

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[BrewMaster]

China doesnt seems to like bitcoin in the past years....What are your thoughts about this?

it sounds like just another nonsense that can be found on social media like twitter that you have come across. the fact is that bitcoin is trending everywhere, sometimes when the price breaks some major barrier (like $10k recently) it starts trending more than normal times but again it is "everywhere" not just in China.

as for China not liking bitcoin, their government obviously (like many other governments) doesn't like bitcoin because it is taking the power right out of their hands and gives it back to the people. but bitcoin is a phenomenon that can not be stopped.

[LFC_Bitcoin]

My opinion is that it doesn’t matter if China likes bitcoin or not. They’ve supposedly banned it numerous times already & the price always recovers.

In conclusion, China either becomes bitcoin friendly in time or gets left behind. Bitcoin will be the biggest wealth transfer we’ve seen soon, it’s a store of value & a great payment tool.

Move with the times or get left behind, your move China!

[boltz]

You have there just a twit from the China's twitter...it means little when it comes to big volumes or massive trending/influencers/whales etc.. Besides this , China were always into cryptocurrencies even right now they have troubles in buying/selling cryptocurrencies but this didn't stop them since 2013 and won't stop them now.

My personal opinion would be that Bitcoin is trending almost everywhere right now as we can see the price was tanking for a few days and now looks to stable around this area for another couple of days but trend won't stop climbing in numbers as halv is closer with every day passing by and volume seems to increase as well + we had the ATH in hashrate 2 months ago if I remember well so good things ahead in crypto.

[20kevin20]

I feel like this will be another hype that shortly turns into a huge FUD cloud. It's the cycle of the markets, but this is a drastic one that goes from 100 to silent in short term moves.. China will have to close their eyes on the fact that Bitcoin is against their party's principles and just accept it as it is. Gonna be hard, but worth it imo.

It's fun to at least know that the markets are fluctuating for now exactly like 2012 and 2016. If you've been here long enough, you know what you have to do this time during the immense bullish move.

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My personal opinion would be that Bitcoin is trending almost everywhere right now as we can see the price was tanking for a few days and now look to stable around this area for another couple of days and trend won't stop here as halv is closer with every day passing by and volume seems to increase as well + we had the ATH in hashrate 2 months ago if I remember well so good things ahead in crypto.

Will probably become trendier than today after it passes $15k. That's when the real hype joins in.

[Mpamaegbu]

My opinion is that it doesn’t matter if China likes bitcoin or not. They’ve supposedly banned it numerous times already & the price always recovers.

In conclusion, China either becomes bitcoin friendly in time or gets left behind. Bitcoin will be the biggest wealth transfer we’ve seen soon, it’s a store of value & a great payment tool.

Move with the times or get left behind, your move China!

This is apt! You just took the word out of my mouth. For all I care, China made a grave mistake in 2017 when she banned Bitcoin. The Chinese will soon regret that action by its political leaders. China either keys into the rave of the moment or miss out. It's their choice to make. Oh! It could be its government is looking the way of Bitcoin (rather than the Yuan which it strongly tries to protect) as a safe Haven because  of the Coronavirus outbreak.

[Kemarit]

It's pretty obvious that Bitcoin is trending around the globe, not just in China. And it doesn't matter if they really embrace it or not. As Bitcoin will continue to grow exponentially in the next coming decade without China. This is similar to what we witnessed in 2017, lots of country are watching it, and as a result, more regulations what introduce. The thing with Bitcoin or at least crypto is that it continue to grow and if one country ban it, guarantee they will be left behind.

[batang_bitcoin]

It's also possible that its just a rumor when they've banned bitcoin. As long as it's related to wealth and profit, they'll make it on the trend and they wouldn't let themselves be at the back of its line.
We must practice ourselves and get used to this whenever bitcoin pumps as high as it can go. How much more if bitcoin pumps again to $15k, $20k or more.

[btcholder]

Nothing special, Bitcoin just trending once again in China since the Bitcoin Price broke past 10,000$.

One of the biggest social platforms in China, Weibo a microblogging website has the cryptocurrency bitcoin on its 4th hottest topic.
Looks like the world has its eyes on bitcoin since the market is getting hype again.

<Image snip>

Reference:
https://twitter.com/molllliy/status/1226379077923160065?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1226379077923160065&ref_url=https%3A%2F%2Fbeincrypto.com%2Fbitcoin-trending-china-breaks-past-10000%2F&fbclid=IwAR20_kIk291O5PQJcSCooydusOOUxLmgwJspV8EETmTxD_pRUi0UuNL5W9I


China doesnt seems to like bitcoin in the past years....What are your thoughts about this?

Too much low source for believing that China again starting like bitcoin. In China Facebook ban that not means Chinese people don't like Facebook or they have no Facebook ID. Chinese Government ban bitcoin not people. So any Chinese random people can excited about bitcoin after reaching 10k$ (who know about bitcoin). So its not much exciting matter for crypto world i guess.  And end of the day it doesn't matter which country ban bitcoin, soon or later they will except bitcoin. Cause Bitcoin is the future.

[MWesterweele]

It's pretty obvious that Bitcoin is trending around the globe, not just in China. And it doesn't matter if they really embrace it or not. As Bitcoin will continue to grow exponentially in the next coming decade without China. This is similar to what we witnessed in 2017, lots of country are watching it, and as a result, more regulations what introduce. The thing with Bitcoin or at least crypto is that it continue to grow and if one country ban it, guarantee they will be left behind.

Yes its treding worldwide but then , we may see this possibility as well, it could be because of their current issue, digital currency might be one of the good way to communicate and pay their goods without direct contact that is why it happens that it is being get trending in weibo. Weibo is a good source as well, it is like facebook, a social media in western. But in weibo you may see recent news in their country as well.

[crzy]

The relationship of bitcoin is not that good with the Chinese since it is banned by the government, though I don’t think its totally banned but I hope is not. If only Chinese can decide on their own, for sure Bitcoin will be one of their option, anyway this is just a short hype since we are now down again to $9k level.

[bitbunnny]

The relationship of bitcoin is not that good with the Chinese since it is banned by the government, though I don’t think its totally banned but I hope is not. If only Chinese can decide on their own, for sure Bitcoin will be one of their option, anyway this is just a short hype since we are now down again to $9k level.

As far as I know Chinese government didn't ban Bitcoin, Chinese still can use it. And I think that too much importance is given to chinese influence on Bitcoin, especialy on the price movements, and in reality it isn't that big. Bitcoin can grow and develope further even without China although everyone is welcomed along the way.

[Zicadis]

The relationship of bitcoin is not that good with the Chinese since it is banned by the government, though I don’t think its totally banned but I hope is not. If only Chinese can decide on their own, for sure Bitcoin will be one of their option, anyway this is just a short hype since we are now down again to $9k level.

Only exchanges are banned.

Using Bitcoin in China is still completely legal, and several merchants and even big brands accept Bitcoin as a payment method.

That said, it's quite hard to actually purchase BTC, since OTC groups and exchanges are illegal. I'm not actually sure what the situation is, but it's a bit paradoxical to allow places to accept Bitcoin, but make it nearly impossible to legally actually buy Bitcoin lol.

Like where do these merchants even offload their BTC? Must be through foreign exchanges.

[finaleshot2016]

Most of the whales in our community are from China so probably every single increase of bitcoin will make them happy. Most of the miners are also from their country, almost 75% of them are them and the one that makes changes in the market.

The relationship of bitcoin is not that good with the Chinese since it is banned by the government, though I don’t think its totally banned but I hope is not. If only Chinese can decide on their own, for sure Bitcoin will be one of their option, anyway this is just a short hype since we are now down again to $9k level.

As far as I know Chinese government didn't ban Bitcoin, Chinese still can use it. And I think that too much importance is given to chinese influence on Bitcoin, especialy on the price movements, and in reality it isn't that big. Bitcoin can grow and develope further even without China although everyone is welcomed along the way.

Yeah, it's impossible for the government to ban bitcoin. Most of the hardware that is used for mining are coming from China, it's one of the reasons why their economy is great.

[samcrypto]

The relationship of bitcoin is not that good with the Chinese since it is banned by the government, though I don’t think its totally banned but I hope is not. If only Chinese can decide on their own, for sure Bitcoin will be one of their option, anyway this is just a short hype since we are now down again to $9k level.

As far as I know Chinese government didn't ban Bitcoin, Chinese still can use it. And I think that too much importance is given to chinese influence on Bitcoin, especialy on the price movements, and in reality it isn't that big. Bitcoin can grow and develope further even without China although everyone is welcomed along the way.

Exchanges are banned and yeah people of China still have the freedom to use bitcoin and that is while they can still legally share their thought about the price movement of bitcoin. Every cents count in bitcoin no matter how big or small the market is, if China make bitcoin Legal as in totally legal in all ways then we can expect the volume of users to pump up.

[Reatim]

The relationship of bitcoin is not that good with the Chinese since it is banned by the government, though I don’t think its totally banned but I hope is not. If only Chinese can decide on their own, for sure Bitcoin will be one of their option, anyway this is just a short hype since we are now down again to $9k level.

As far as I know Chinese government didn't ban Bitcoin, Chinese still can use it. And I think that too much importance is given to chinese influence on Bitcoin, especialy on the price movements, and in reality it isn't that big. Bitcoin can grow and develope further even without China although everyone is welcomed along the way.

Exchanges are banned and yeah people of China still have the freedom to use bitcoin and that is while they can still legally share their thought about the price movement of bitcoin. Every cents count in bitcoin no matter how big or small the market is, if China make bitcoin Legal as in totally legal in all ways then we can expect the volume of users to pump up.

that is why Bitcoin is still on top Currency in China though only in lower position ranked 14 as i have read in some topic here while other altcoins are on top.
yet this is a proof that Bitcoin wasn't banned on that country.


but about the topic?this is just a social media boosting again and nothing to do with market,after booming from the 10k$ pump then what this issue did to help the market after?does it sustain the 5 digits value?

[George Alex]

Actually its doesn't matter like or not BITCOIN is here to stay

[Arcas]

Look impossible if bitcoin become trending in China because they faced with bigger problem right now by Corona virus, I think they have no time with discussing about bitcoin reached above $10k or not because today how to make their country is safe from Corona virus and try to get back the economic crisis.

[mahilchii]

Well, one of the biggest country in world where they banned Bitcoin and now it's trending in the same place is really good to know, because China has always been Bitcoins largest market cap also I came to know that most of the miners are based from China. Well this is how BTC is playing a vital role in crypto market, a valuable asset for sure.

[thesmallgod]

I do not think this is unusual. For the past few weeks now, bitcoin has always become a subject of mass discussion. This was also noticed few days ago on twitter when the emoji of bitcoin was introduced. I believe the same thing must have caused the trending in China. News such as price pump and dump always create a kind of media attention which resulted in a massive discussion. I do not know if you have heard about the bitcoin halving, This will be another thing that will create and generate massive media attention this year. I believe this is good for bitcoin because at least people get the chance of sharing their own thought on bitcoin again and again.