The future is looking bright for BITCOIN

[Joshua01]

China's deconstruction of BTC mining, IMO is very optimistic about the future of BTC. why? Allegations of centralized mining that 65% of China's production capacity has been shut down have also eliminated FUD, which is related to the risk of BTC facing a nationwide attack because computing power will be distributed in multiple geographic locations.

[Nora Olin]

Might I add that bitcoin mining in China is, as far as I know, mainly uses electricity generated from burning coal. I hope that as miners are forced to operate in other countries, they will adopt more environmentally friendly alternatives

[dkbit98]

You can think positive about news that China banned Bitcoin mining but what happens if more countries start to follow what they did?
It is enough that one western country do something like this and others will soon follow, we can soon be living in divided world, one part supporting Bitcoin and other part banning it.
I would rather say that Bitcoin future is uncertain more than bright, but I still think that Bitcoin is our only hope against current centralization of power in the world.

[bitzizzix]

No one knows the future of bitcoin even though our hope will always be fine but uncertain, and the ban on bitcoin mining in China and other bad news that has happened many times before and but bitcoin still stands tall with us.
pros and cons will definitely be there and will never stop, and the more bitcoin develops, the more trials and cons against bitcoin and this will continue to happen until the last point who will win.
I personally, as long as I can use it, I will put it to good use, and hopefully bitcoin will continue to exist and be well received in all countries.

[franky1]

China's deconstruction of BTC mining, IMO is very optimistic about the future of BTC. why? Allegations of centralized mining that 65% of China's production capacity has been shut down have also eliminated FUD, which is related to the risk of BTC facing a nationwide attack because computing power will be distributed in multiple geographic locations.

although the racists have stopped china shaming.. they will move onto kazahkstan/russia soon. then the FUD will begin again by the same racists.

funny part is. if america went "centralised" with 65% . the racists would then finally be silent. even with centralisation. because "e-murica"

[ShowOff]

The future is looking bright for BITCOIN. Because its acceptance and legality are increasing. In addition to the mining in China issue, Its popularity and likeness are progressing by leaps and bound. In the future, cryptocurrency will get importance parallel to the FIAT. As we are seeing that the banks are dealing with crpto in a similar way as FIAT.

The future is still a mystery because we can never be sure whether it is bright or bad. Of course we wish the best for the future of bitcoin, its adoption and use cases in the real world have made it clear that bitcoin is very valuable. China banned bitcoin, while El Salvador adopted it so we are really in the middle of something being supported and opposed between governments of different countries. But that optimism must be maintained because bitcoin is the best alternative ever in the last 10 years for those who do not like centralization.

[jhonjhon]

I also don't see the ban of China on crypto mining as a big issue for the crypto world. The whole world knows that China is very protective and only follows their own goals. The world is big enough without China and its just a matter of time for countries to step up against China. Freedom of speech and choice is what made capitalism so successful in the Western world. Outright banning something will not, there always ways to circumvent the ban. Crypto currencies are the future, the strong demand and insane growth rates in the past years have shown that.

China is doing this (banning) over and over. But one thing has been sure,nothing is happen in order the bitcoin to be stop. It has been growing and it has become bigger,better and stronger. So whats my response to whats happening in China,it doesnt change the bitcoin,it doesnt change the technology. Bitcoin is a massive superior technology and it keeps going to the moon and beyond.

[titular]

It's important to remember that they banned bitcoin all together not because of power consumption or any environmental concern.

China banned bitcoin because they fear the open network that is bitcoin. If it can't be censored or manipulated by them in one way or the other, they want nothing to do with it.

[hd49728]

After China ban, months later Bitcoin hashrate makes its new all time high. Recent days we have serious problems from Kazakhstan which affect total hashrate on Bitcoin network drops dramatically.

Political issues will be resolved sooner or later. Anyway, even if things in that nation won't be resolved in near future, miners can migrate to other nations and one of them are the USA that looks to be a new paradise for Crypto mining after the Great hash migration in March 2021.

Don't worry too much about short term issues, Bitcoin network is big and it is the healthiest blockchain network. Hashrate will be recovered soon.

[swogerino]

If the Bitcoin network has stayed up for 98.65 or 98.85% (don't remember correctly) during all its existence then I think we are pretty safe that this is the greatest network invented by humanity so far.China played really like a sore loser as they can't accept anything that threatens their dictatorship and their communist regime.I think this tells us that you simply can't stop an idea whose time has come.

PS. Do not forget this ,we must hodl

[$crypto$]

After China ban, months later Bitcoin hashrate makes its new all time high. Recent days we have serious problems from Kazakhstan which affect total hashrate on Bitcoin network drops dramatically.

Political issues will be resolved sooner or later. Anyway, even if things in that nation won't be resolved in near future, miners can migrate to other nations and one of them are the USA that looks to be a new paradise for Crypto mining after the Great hash migration in March 2021.

Don't worry too much about short term issues, Bitcoin network is big and it is the healthiest blockchain network. Hashrate will be recovered soon.

Bitcoin always grows and wakes up when problems or news bring down the price, but on the other hand, investors will know how to recover the price in no time. As this has shown how rapidly increasing the confidence investors and traders have in Bitcoin to continue to make Bitcoin the only safe haven of value, they can break what China is trying to do to crush the price. Because of that, the price always makes it okay, without worrying too much about Bitcoin crashing in the near future.

[haasanjui]

Yes but! not as past, if you are older in crypto currency you know the value of BTC and you also compared prices . It was 1$ worth of token if you could buy some BTC in past, today you may be a millionaire

[milewilda]

As they claim Bitcoin died 400+ time and sentiments like bans and other mining issue related stuff is something not new.

https://99bitcoins.com/bitcoin-obituaries/

and 45x alone on year 2021
https://cointelegraph.com/news/bitcoin-died-45-times-in-2021-as-media-still-eager-to-post-btc-obituaries

Future isnt guaranteed but we could really see its potential.

[Coyster]

China banned bitcoin because they fear the open network that is bitcoin. If it can't be censored or manipulated by them in one way or the other, they want nothing to do with it.

China loves absolute control cause they are a dictatorial country, thus there is no way they can embrace a currency that allows its users to be their own bank and control their funds themselves, and it's not just peculiar to just China alone, most governments want to control everything that has to do with the finances of their citizens, that's why many of them see Bitcoin as a threat and why many of them have created and launched CBDC's to deceive their citizens that it's a decentralized currency like Bitcoin, whereas it's not.

Having said that, the great part of the network is that despite all the ploy and decisions made by diverse countries either through ban, sanctions or other whatnots, to bring down the value of Bitcoin, it can only work for a very short time, the network always bounces back up pretty fast and that's why a lot of people have trust in it, even institutional investors.

[Kelvinid]

It is somehow a good future of Bitcoin but not as brights as we can see as the moon. We can still see the doom of Bitcoin's life that could test everyone's trust and how they value Bitcoin during that time. We have to be aware that not always we are having this bullish trend, it can also be on the dark side which majority are in a panic. But even having this situation, we need not lose our hopes, instead, we have to make ourselves ready and help our faith still strong.

Well, at least for now the people are enjoying the market so well. It can be a good sign that they were not worried about what it happen someday.

[Rengga Jati]

Even mining ban in China has been banned, it doesn't mean stopping that country to make certain FUD, there will be always some bad news coming from that big country.
But, the more important thing again is that The FUD doesn't only come from that country.
You know, everywhere and everything can be a source of FUD and media is ready to spread. And this will always give a certain impact on the Bitcoin price.
however, the problem is not only that FUD, market manipulation by whales, or certain people, or certain companies also will give a big impact on the price of Bitcoin.
But personally, I also still believe in the future of Bitcoin. Bitcoin will always survive from whatever condition, that is why we need to be wiser, more patient in facing every situation of the Bitcoin market itself. Like now

[Fatunad]

Even mining ban in China has been banned, it doesn't mean stopping that country to make certain FUD, there will be always some bad news coming from that big country.
But, the more important thing again is that The FUD doesn't only come from that country.
You know, everywhere and everything can be a source of FUD and media is ready to spread. And this will always give a certain impact on the Bitcoin price.
however, the problem is not only that FUD, market manipulation by whales, or certain people, or certain companies also will give a big impact on the price of Bitcoin.
But personally, I also still believe in the future of Bitcoin. Bitcoin will always survive from whatever condition, that is why we need to be wiser, more patient in facing every situation of the Bitcoin market itself. Like now

The whole world doesnt only rotate on China alone which means that whatever decisions that they would make wont mean out that it is the end of this market.Most of the time the market or community
do really panic but if they do look on bigger picture then theres no way that it could really lead the market into demise.They could make decisions all they want and they could
ban all things that they do want.It might have some effect on the market but it would be just temporal and we know that there would be always a recovery after that because
it all matters with the demand and recognition worldwide and doesnt only limit out on one country.