Bitcoin & China time to time waving History

[Hamza2424]

Because of their population which majority are rich and can impact the price when they adopt something like BTC. If back in the days they were the poorest country, now they are one of the richest countries. And anything that their government tells to their people is holistically followed.

Prices of altcoins were actually much better back when China are not banning trading and mining like the LTC and EOS.

Bro, exactly they worked hard they adopted strategies, and they used the biggest problem of the population as their biggest power. So they deserve to be idle power in the world. Well, I'm happy that you have got my point mentioned above. My point is in the Financial field China is the most dominant country weather you accept or not and if they allow their International trade with the crypto, especially with the BTC then their Allies are going to be forced to be in BTC due to trading terms.   

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[Cookdata]

When one door closes, another one will open, and that is exactly how I would describe the relationship between bitcoin and the Chinese people. Just because bitcoin was strongly rejected there doesn't mean that others won't accept it, and in fact, this has made it possible for other nations to accept bitcoin because some of them have already legalized it as legal tender.

Despite the crackdown on bitcoin and digital trading in China, I believe China is one of the countries that hold the most bitcoin. They hold more bitcoin than any other region because they were the first to get their hands on it earlier, and I believe some of them are still holding it, nobody will ever be able to determine who is in possession of their private keys.

[yhiaali3]

The Chinese government played a negative role in influencing Crypto in general and Bitcoin in particular, but let's look at the bright side, because on the other hand, strict laws and the ban on mining had positive aspects that contributed to the improvement of Crypto.

For example banning mining in China has had a huge upside in de-centralizing mining because the bulk of the Bitcoin network hashes are pooled in China. This was dangerous for the Bitcoin community due to its becoming a kind of centralization, but by banning mining in China, the network hashers were deployed in new countries and the fears of centralization were eliminated.

Also, the strict laws taken by the Chinese government regarding ICO projects contributed greatly to cleaning Crypto from these fraudulent projects that caused a lot of bad reputation for Crypto.

So we have to look at the positive effects after all.

[taufik123]

When one door closes, another one will open, and that is exactly how I would describe the relationship between bitcoin and the Chinese people. Just because bitcoin was strongly rejected there doesn't mean that others won't accept it, and in fact, this has made it possible for other nations to accept bitcoin because some of them have already legalized it as legal tender.

There are many real examples of Bitcoin adoption by several countries and a lot of support coming for the progress of bitcoin.
China may have been a big country that influenced bitcoin in the past, but now Bitcoin is not tied to China,
so there will be no manipulation from the bamboo curtain country.

El Salvador became a country that accepts bitcoin as legal tender after China banned Bitcoin.

Despite the crackdown on bitcoin and digital trading in China, I believe China is one of the countries that hold the most bitcoin. They hold more bitcoin than any other region because they were the first to get their hands on it earlier, and I believe some of them are still holding it, nobody will ever be able to determine who is in possession of their private keys.

Regarding Bitcoin holders originating from China, maybe the largest holders are in China because before the ban the biggest bitcoin miners were in China and a lot of bitcoins were mined from China.

However, when the ban was enforced, miners began to leave China by occupying countries that were pro with bitcoin.
Some of them may still have it, but of course, some have sold it. No one can say for sure which country holds the largest supply of bitcoins.

[klidex]

When one door closes, another one will open, and that is exactly how I would describe the relationship between bitcoin and the Chinese people. Just because bitcoin was strongly rejected there doesn't mean that others won't accept it, and in fact, this has made it possible for other nations to accept bitcoin because some of them have already legalized it as legal tender.

Despite the crackdown on bitcoin and digital trading in China, I believe China is one of the countries that hold the most bitcoin. They hold more bitcoin than any other region because they were the first to get their hands on it earlier, and I believe some of them are still holding it, nobody will ever be able to determine who is in possession of their private keys.

Exactly what I had thought.
China was the first country to get Bitcoin and certainly the biggest adoption is in China. What's more, many Chinese residents are successful entrepreneurs and have very good intelligence in financial management.
We don't know the main aims and objectives of China to strictly prohibit Bitcoin, of course the main goal is to gain its own benefits for the Chinese state.
I think China is a country that has a very good strategy and way to be able to benefit either from investing or trading.

[stompix]

El Salvador became a country that accepts bitcoin as legal tender after China banned Bitcoin.

Are we really down to thinking that Salvador, a country with a 6mllion population, that's 1/4 of Beijing and an annual GDP of $69.25 billion, or 1/30 that of Guangdong will offset that? What's next, no problem in the US doing the same as China, Nauru adopted Bitcoin?

There are many real examples of Bitcoin adoption by several countries and a lot of support coming for the progress of bitcoin.

Can you name a few of those examples of adoption by countries, and when we say countries I think we both understand the country at the government level not usage by people in a country which is a different thing! And if we look from that point of view, is Salvador as the country really adopting Bitcoin, are they paying their government employees in bitcoin? Are they using Bitcoin for anything else?
I'm curious why some really claim this progress as being something that really can be seen and has happened and can be measured when from a neutral point of view we can obviously see we're still at the beginning of mass adoption and nowhere near what some claim. I honestly don't think we're that much radically close to global adoption as we were 2 years ago, but fill free to quote some numbers to change my mind!

[Hamza2424]

Exactly what I had thought.
China was the first country to get Bitcoin and certainly the biggest adoption is in China. What's more, many Chinese residents are successful entrepreneurs and have very good intelligence in financial management.
We don't know the main aims and objectives of China to strictly prohibit Bitcoin, of course the main goal is to gain its own benefits for the Chinese state.
I think China is a country that has a very good strategy and way to be able to benefit either from investing or trading.

My dear, there are several motives behind China's strict policy to the BTC but these policies may change in the coming years and i these policies change the role of Russia is going to be credited for that.
In motives

The major motive in my view is particularly personal digital Yuan. i don't know how to spell hope so you got it.