Can China Ban on Bitcoin have any negative effect on Bitcoin in future?

[maydna]

I'm not sure about that, but even though China banned bitcoin and other cryptos I don't think it will affect the future of bitcoin at this point many countries are starting to support and accept bitcoin. The news about China has been around for a long time where China banned bitcoin and I think bitcoin can explore more so that it can maintain its future. maybe this news will shake up the crypto market a bit, but I don't think it will worsen the future of crypto.

Perhaps, the bad news from China will affect the bitcoin price, but that will not have a big effect on the price to go down for deep unless many people still not learn that what China does is just to spreads the bad news so they can use that time to buy bitcoin secretly. But bitcoin will be strong enough to hold the price not to go down for deep, and even if the price drops, the price will be back to the last high price and will increase more than that. Yes, it will not worsen the future of crypto because people will learn about filtering the bad and good news, so they know what they need to do.

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[AmoreJaz]

I'm not sure about that, but even though China banned bitcoin and other cryptos I don't think it will affect the future of bitcoin at this point many countries are starting to support and accept bitcoin. The news about China has been around for a long time where China banned bitcoin and I think bitcoin can explore more so that it can maintain its future. maybe this news will shake up the crypto market a bit, but I don't think it will worsen the future of crypto.

Perhaps, the bad news from China will affect the bitcoin price, but that will not have a big effect on the price to go down for deep unless many people still not learn that what China does is just to spreads the bad news so they can use that time to buy bitcoin secretly. But bitcoin will be strong enough to hold the price not to go down for deep, and even if the price drops, the price will be back to the last high price and will increase more than that. Yes, it will not worsen the future of crypto because people will learn about filtering the bad and good news, so they know what they need to do.

we have seen that immediate effect when china announced its total banning of crypto transactions. however, the effect was only short-lived. so with the current performance in the market, it goes to show that even if china is totally out of the market, btc and crypto markets will still survive. actually, the recovery is quite fast this time.
so i don't think we need to worry anymore about china in this market. this market shows that it can't be controlled nor manipulated by any country, even if that country is powerful and influential.

[2double0]

China had been trying very hard to shake off the markets since they had the power, but now institutions have taken over and they will prove that China's ban cannot affect btc the way it did before when China announced the same thing one by one with a gap of some years. They want to manipulate the markets which is not possible for them now.

[Natalim]

China had been trying very hard to shake off the markets since they had the power, but now institutions have taken over and they will prove that China's ban cannot affect btc the way it did before when China announced the same thing one by one with a gap of some years. They want to manipulate the markets which is not possible for them now.

The last banned had never created a deep crash in the market so obviously, it will no longer create negative effect on bitcoin in the future. Gone are the days where China has been the most powerful country that can shake off the market easily but now, it seems its no longer significant to bitcoin. There might be minor dumps that have been experienced but that was just for short term, and after that bitcoin and those potential altcoins continue to boost their prices that makes the whole crypto market almost bullish now. Even if China creates permanent banning of bitcoin and all crypto related transactions, i think it will not create anymore a big dump in the crypto market.

[Ryker1]

Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?

Well, I have been here and witnessed banning on China last year and that is all about rejection. But why until now bitcoin has been increased too much and it seems the FUD did not have a big effect. Because perhaps this is not new at all, they have been here trying to keep banning bitcoin and crypto, and later on, they will lift it. What's wrong with them? Are they a part of a whale trying to manipulate the price of bitcoin.
Even though China was keep doing this but look at the price, it always has a full surprise that the price will always increase even though there is too much negative news but bitcoin was increase the price.

[Fortify]

Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?

The fact that China has banned Bitcoin might actually be a positive for cryptocurrencies in future. Due to the fact that country has poor environmental regulation and basically powered most of their miners with the dirtiest fossil fuels, it makes the remaining mines more environmentally friendly now they've shut that all down. I doubt the average Chinese citizen who has Bitcoin was really that bothered and yes, it does shrink the amount of new investors (who follow the laws of that country) but with it being decentralized there will be some who get around this ban. The fact that most miners from that country would have sold will cause a small depression in the price but should otherwise not effect it for too long.

[Finestream]

Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?

Well, I have been here and witnessed banning on China last year and that is all about rejection. But why until now bitcoin has been increased too much and it seems the FUD did not have a big effect. Because perhaps this is not new at all, they have been here trying to keep banning bitcoin and crypto, and later on, they will lift it. What's wrong with them? Are they a part of a whale trying to manipulate the price of bitcoin.
Even though China was keep doing this but look at the price, it always has a full surprise that the price will always increase even though there is too much negative news but bitcoin was increase the price.

Bitcoin has already learned not to rely on China alone since we all know that a lot of bigger institutions and different countries now have been behind bitcoin and supporting it so there's no way China can manipulate easily the price of bitcoin. China is like a big whale really that keeps manipulating bitcoin and the crypto market, but never succeeded in the end. And after that, bitcoin is now even more bullish today, its like there's no recent banning at all. Maybe after the recent banned, China had felt that its no longer affecting bitcoin and crypto market so they might as well thinking another ban later on that will create a big impact in the market.

[TinaK]

China always repeated their tricks and trying to shake the crypto prices, they banned and then lifted, later on, banned again and lifted again.
Considering China is a big whale trying to manipulate the price or something that has a hidden agenda on always shaking the price. However, the bitcoin price is so strong and has always been increasing the price and  I think the process will continue. Bit6coin price will go up because of the investors around, not just a single country that wants to control bitcoin.

[Luzin]

China had been trying very hard to shake off the markets since they had the power, but now institutions have taken over and they will prove that China's ban cannot affect btc the way it did before when China announced the same thing one by one with a gap of some years. They want to manipulate the markets which is not possible for them now.

I think in some history they can affect the price because the level of users is the largest in the world. But I think that in the future if brands have released and banned all crypto activities they will have no power. Maybe in the next few years there will be a new country direction, which is able to be like China in making decisions in countries that affect crypto. It's only a matter of time, maybe China will be left behind when it comes to crypto issues if they are still in their current position.

[2double0]

China had been trying very hard to shake off the markets since they had the power, but now institutions have taken over and they will prove that China's ban cannot affect btc the way it did before when China announced the same thing one by one with a gap of some years. They want to manipulate the markets which is not possible for them now.

I think in some history they can affect the price because the level of users is the largest in the world. But I think that in the future if brands have released and banned all crypto activities they will have no power. Maybe in the next few years there will be a new country direction, which is able to be like China in making decisions in countries that affect crypto. It's only a matter of time, maybe China will be left behind when it comes to crypto issues if they are still in their current position.

USA is trying hard to capture what China has given away out of their hands. Let's see where this technological war will end now as I see this to be the 3rd World war, but without the use of weapons. A technological war where countries will try to get a big piece of the small 21 million btc cake, out of which some part has already been cut and either eaten up (mined) or thrown away (been in addresses from years and not moved a single satoshi).

[Lanatsa]

China had been trying very hard to shake off the markets since they had the power, but now institutions have taken over and they will prove that China's ban cannot affect btc the way it did before when China announced the same thing one by one with a gap of some years. They want to manipulate the markets which is not possible for them now.

I think in some history they can affect the price because the level of users is the largest in the world. But I think that in the future if brands have released and banned all crypto activities they will have no power. Maybe in the next few years there will be a new country direction, which is able to be like China in making decisions in countries that affect crypto. It's only a matter of time, maybe China will be left behind when it comes to crypto issues if they are still in their current position.

USA is trying hard to capture what China has given away out of their hands. Let's see where this technological war will end now as I see this to be the 3rd World war, but without the use of weapons. A technological war where countries will try to get a big piece of the small 21 million btc cake, out of which some part has already been cut and either eaten up (mined) or thrown away (been in addresses from years and not moved a single satoshi).

When it comes to power then these big countries or powerful ones  would really trying out to accumulate as much as they can and it may turned out that they are against with it but the truth is that they do

accumulate as much as they can because they do know on how this market works and the trend that it is giving which it is normal to presume that they would accumulate as much as they can which the more coins you do have the more powerful you are on this market.

But the sad fact that total supply isn't really that big which is great yet it do really avoid that kind of monopoly thing.

[Rajamuda]

Not sure that it will really have a big influence or negative effect on Bitcoin in the future, because each country has a different response and different feedback to Bitcoin.
Let's see besides that there are still many positive influences or positive feedback from certain countries regarding the presence of Bitcoin in their country, and even then it can have a positive effect on Bitcoin in the future. Well, the time will tell all that, but I'm sure that the positive side will win more.

[Fundamentals Of]

China is a large market for Bitcoin but it doesn't mean that the whole Bitcoin market is dependent on China. The rest of the world is also offering a market for Bitcoin. So if China will continue to ban Bitcoin, I don't think Bitcoin will be stuck.

Bitcoin's adoption today is not problematic even if the ban in China was implemented already. In fact, it is easy to take note using the price of Bitcoin that the ban does not have any effect to the market.

So Bitcoin can forget about China and move on. The question is, can China remain anti-Bitcoin?

[Sithara007]

The ban was imposed a few weeks ago and I am surprised that this thread appeared now. Everyone knows the answer by then. The current exchange rates are almost 15% higher than what we had when China imposed the strict ban on cryptocurrency. So the writing on the wall is clear. Bitcoin doesn't need China. And to know whether China needs Bitcoin or not, we may need to wait for some more time. Personally for me, the China ban was like a blessing in disguise. I was never comfortable with >80% of the mining hash power concentrated in that country.

[Shenzou]

Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?

I fell the reason why the news about China and crypto, isn't affecting the prices that much anymore is because they did affect it when they said they were going to ban the mining of crypto that alone has made the prices dip a lot, especially since they were the number one in terms of mining rate in the world, and obviously most people were sure that it was a matter of time before they were going to ban its use completely, that is why the news had no significant negative impact recently.

[perfect999]

Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?

China ban on bitcoin has never had a long lasting effect on the bitcoin market, many times we have always the price of bitcoin go back up after we see news that China has placed a ban on bitcoin. Even before the last bull run I think there was a news that said something about China stopping miners, which affected the market and bitcoin lost a significant amount, but after a short time the market started to climb up again and then went for a bull run.

Even after their last news about banning Bitcoin, we have also seen the market going up again, currently the price of bitcoin is at $57,000 and still showing signs that it will go further, we might be crossing the last ATH we saw this year.

[amihada]

I read the news a few days ago that China banned mining in their country and China banned bitcoin transactions in their country but so far it has had no effect on Btc prices, even Btc prices are currently rising in price, maybe the news made by China has no effect in the crypto world.

[Sayeds56]

Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?

In fact it has no negative impact on market like tweets of Elon Musk because they keep doing it repeatedly that is why people don't take them seriously. It does impact market for few hours because some weak holders go for panic selling. Bitcoin is again trading above 57K and showing good Bullish momentum and most likely it will not only break it previous ATH but also even go much  beyond it.

[Oasisman]

Long term effects? No, not really.
China has repeatedly ban Bitcoin and cryptocurrency for many years, but look how Bitcoin has growing exponentially each and every year passed.
I might say, China's banning and FUD could only have a very short term effect, just like what happened today. The FUD didn't even last a month, Bitcoin has started to bounce back and aiming to break the ATH with how the current price run has been doing lately.

[Mpamaegbu]

...but I see them going ahead to try to influence other big countries to follow their foot steps.

I ain't sure China is going in that direction or if she is, she hasn't succeeded in that aspect because we haven't seen the supposed big countries banning Bitcoin. What we see most of them do is ask for regulations and documentations from exchanges domiciled in those countries. Talking about the effect of China's negative attitude towards Bitcoin; well, I don't think we have seen much effect in that direction. Bitcoin is still waxing strong and soaring to new heights.