China is a non-factor

[Rds3b]

Of course China is a developed country all over the world. Most people in China relied on cryptocurrencies. But the current state of the market has deteriorated due to the current ban on cryptocurrencies. So are we If one door is closed, a thousand doors will open. More developed countries in the world will wake up with the support of cryptocurrency.

[masudginanjar]

Indeed, back in 2019 the effects of news from China were really felt on the cryptocurrency market, creating a rapid rise and fall of cryptocurrencies and made all traders panic.
I also feel the increase because I was also in 2018 when all altcoins were down and it was difficult to get back up so that my fortopolio was reduced.

[rizqillah]

Indeed, back in 2019 the effects of news from China were really felt on the cryptocurrency market, creating a rapid rise and fall of cryptocurrencies and made all traders panic.
I also feel the increase because I was also in 2018 when all altcoins were down and it was difficult to get back up so that my fortopolio was reduced.

It's several times happened before.
So I think I don't care when China ban bitcoin or altcoin.
I still believe they want to accumulate and buy bitcoin at cheaper price.
Then they will sell on high price.

[Master107]

It's several times happened before.
So I think I don't care when China ban bitcoin or altcoin.
I still believe they want to accumulate and buy bitcoin at cheaper price.
Then they will sell on high price.

Good thing to possess power and ability to influence the entire crypto market movement in a single blow of negative news to FUD the cryptonians. In every single news could be controlled by them in order to take advantage the market condition either in downtrend or uptrend momentum.

I hope they will not abuse using their strength to play crypto motion for selfish ambition.

[tervel]

Bitcoin and cryptocurrency prices are not totally dependent on China. However, ultimately, China is likely to become the world’s most regulated crypto hub and will definitely have a continuing impact on the demand and price of cryptocurrency.

[Bliznec]

China introduces a ban on the use of cryptocurrency. Maybe this comes from the very creation of the digital yuan, where possible transactions are traced. Thus, the state of China wants to "see" these transactions, thereby freeing itself from the use of cryptocurrency as a payment method.

[Lifetime]

On the one hand, China is banning cryptocurrency, on the other hand, El Salvador has officially accepted Bitcoin as the first country in the world. If one door closes for cryptocurrency like this, the other door will open. So there is nothing to worry about.  We hope china will accept crypto very soon.

[nakmantu99]

On the one hand, China is banning cryptocurrency, on the other hand, El Salvador has officially accepted Bitcoin as the first country in the world. If one door closes for cryptocurrency like this, the other door will open. So there is nothing to worry about.  We hope china will accept crypto very soon.

Yes, No worries about China.
As you said one door will close, other doors will open.
We should don't panic with negative news.
China always share negative news every years.

[Sumi]

The Chinese government prefers its own, isolated path of development. By now, they have strengthened in this position, since now China has one of the strongest economies in the world. So far, they decided that they were not on the way with cryptocurrency. But citizens may have a different opinion. The situation will still change frequently and therefore China should not be discounted now. The time will come when the cryptocurrency will go officially in China.

[DAMKAR]

The Chinese government prefers its own, isolated path of development. By now, they have strengthened in this position, since now China has one of the strongest economies in the world. So far, they decided that they were not on the way with cryptocurrency. But citizens may have a different opinion. The situation will still change frequently and therefore China should not be discounted now. The time will come when the cryptocurrency will go officially in China.

I think China is not main factor that influence the price of bitcoin and altcoin.
For now, China government always share negative issue ban and ban bitcoin.
But I think China will accept bitcoin soon. Let's see.

[Seerge]

Although China is considered not the main factor in Cryptocurrencies, especially in changes in the price of Crypto coins. But China is a big country that can make a big effect in Cryptocurrencies, Now we can hate China because it often makes FUD but we must still be aware of it. We still have to correct the Crypto market if there is big news from China, Protect our assets from the decline caused by FUD from China.

[arnold dudicove]

I still do not fully comprehend why the cryptocurrency market that is really outside of China will be reacting to any ban announced by China which is effective only within China. China is not imposing that ban to other countries so there is no reason to panic and listen to FUDs. And we have to be reminded that this will not surely be the last announcement of the ban...there can be some new future ones.

China is already a non-factor in cryptocurrency...and in fact it is good to note that big companies like Facebook, Google and YouTube succeeded and became big leading platforms...all without China because they were also banned by China.

Every people always talk about china, I think It's not good for crypto currency world.
China ban bitcoin adn other, Its jus FUD,
No matter, bitcoin and altcoin have own community.
The market will recover and will reach new ATH

[Linda78]

If China, a developed country, bans cryptocurrency, it will have some effect on cryptocurrency. Because a lot of people in China invest in cryptocurrencies. China Cryptocurrency Everyone thinks the market will collapse, but I'm not saying that because one door closes, a thousand doors will open for cryptocurrency. Other developing countries in the world will give more support to cryptocurrency.

[Bobcrypto]

The China constant bans on crypto has completely become of no effects to the crypto community world wide. I think crypto has finally broken out from the market price effects. The last bear run was caused by China last ban on crypto related activities on May 2021. I thought that the ban would have sink crypto prices, but fortunately has become the game changer even as new investors entered and bought at low price; at this time, they have made huge profits.

[elbans89]

The China constant bans on crypto has completely become of no effects to the crypto community world wide. I think crypto has finally broken out from the market price effects. The last bear run was caused by China last ban on crypto related activities on May 2021. I thought that the ban would have sink crypto prices, but fortunately has become the game changer even as new investors entered and bought at low price; at this time, they have made huge profits.

yes, China banned bitcoin will never effect to bitcoin performance.
It's just issue because we all know bitcoin and altcoin are more popular now, and not depend on China.