China is a non-factor

[saprakib]

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.

It has totally proved that any of the ban is nothing fact for the crypto market. We were thought that market could be fall down or we can see a long term downtrend but nothing happened. The market has shown the positive trend without some minor downtrend. I am really have that confident this market will be strong and better than stock market.

[Linda78]

Investors are frustrated that China suddenly banned cryptocurrency. China is a developed country. This is the normal development of the developed countries. But One thing we need to keep in mind is that once one door is closed for cryptocurrency, there are thousands of doors open. There are many developing countries in the world that have been supporting Bitcoin to a great extent. I think so There is no harm in cryptocurrency being chin banded.

[pelana vreo]

FUD have a negative impact on every new investor who is new to cryptocurrency, although the Chinese government does prohibit miners and other things about crypto there, it has an impact on the circulation of existing coin crypto, some old investors may use the Dex exchange, and miners will move to other countries such as America, but all of that requires a process, when the process occurs, some Miners need money and they will sell some coins for their desired use.

[Bliznec]

China has no right to dictate its own rules. Thus, those who wish to do what China wants. Let him dictate the rules on his side. Miners are leaving China due to the cryptocurrency ban in China. Many seek refuge. 

[Linda78]

China is a developed country. When China bans cryptocurrency, various cryptocurrency traders are frustrated. Everyone thinks that cryptocurrency Everyone thinks that cryptocurrency is a problem Will be One thing to keep in mind If China closes for cryptocurrency, thousands of doors are open for cryptocurrency.So it will not work if we lose our patience. I don't think China's banning of cryptocurrencies will have any effect. Because other developed countries support cryptocurrency.

[xeroz]

Yes, it is true that China is no longer influential in cryptocurrencies. China is not a factor to be afraid of when you are dealing with crypto. China's ban on crypto is only applied in its own country so it has no effect on other countries. It's also good news if Facebook, Instagram and similar large platforms are not supported by China but in reality without Chinese support they can still expand and continue to develop well. That's how crypto, can be seen from year to year crypto is experiencing good development.

[anshor1]

Yes, it is true that China is no longer influential in cryptocurrencies. China is not a factor to be afraid of when you are dealing with crypto. China's ban on crypto is only applied in its own country so it has no effect on other countries. It's also good news if Facebook, Instagram and similar large platforms are not supported by China but in reality without Chinese support they can still expand and continue to develop well. That's how crypto, can be seen from year to year crypto is experiencing good development.

Bitcoin has been invested by many people, not only china citizens
I don't think China ban bitcoin will affect to bitcoin and crypto currency market.
It's just negative issue, market will grow again.

[Btclover]

Imagine every time China announce/announced crypto ban, we can expect the next scenario of crypto prices are going doomed. The movement effectively move differently in unexpected drop. Liquidated is so much in just a moment. That's how the impact of Chinese government chasing cryptonians.

[Freemind]

Now that China has "totally" banned cryptocurrencies (again), its government has once again made a fool of itself. Cryptocurrencies are still traded in China, there are small mining pools in China, and cryptocurrencies are becoming more popular day by day. The Chinese government should have been friendlier and legislate with laws, not bans, so as not to have been the laugh of the rest of the world. Cryptocurrencies continue on their way, with or without the Chinese government.

[Rds3b]

Many cryptocurrency traders are frustrated when China bans cryptocurrency. We know that if China rejects a developed country, it must be a little nervous.But we have to keep in mind that when different countries of the world support cryptocurrency, there will be no problem even if China does not support it.Because if one door is closed for cryptocurrency, thousands of doors are open.

[Cleanerbd]

The crypto market will not be harmed if china bans it. However, the number of users in the crypto world will decrease. However, China has banned many things, but they are still popular. The whole world does not flow with the sanctions of one country. The crypto market will grow at its own peace.

[gurunanakji777]

Even China can not impose a ban on crypto users of other countries he can ban only their country crypto users and I believe whatever China says about the crypto market it won't affect the market in the future. Yes, we will keep hearing such statements in the future from china regarding cryptos so we should not get panic whatever china does.  Yes, Facebook. YouTube and Google are the best example they are doing good without china.

[legend45]

The crypto market will not be harmed if china bans it. However, the number of users in the crypto world will decrease. However, China has banned many things, but they are still popular. The whole world does not flow with the sanctions of one country. The crypto market will grow at its own peace.

China will allow bitcoin and altcoins again.
I think China just fud, and will have own crypto currency soon.
I always never believe China will ban bitcoin forever. Let's see

[Freemind]

China will allow bitcoin and altcoins again.
I think China just fud, and will have own crypto currency soon.
I always never believe China will ban bitcoin forever. Let's see

I don't think China will "accept or allow" the use of cryptocurrencies within its borders again. If they did, they would lose all credibility not only with their citizens, but also with the international community. The Chinese government will go ahead with its "ban" even though they know full well that people continue to use crypto, China has a lot of control over the population and institutions, but the government cannot control everything, that is impossible.

[collinsjie]

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 on 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.

You are very correct. China is a non-factor in the cryptocurrency world today. The ban didn't have and is price effective in the crypto market expected to be. It shows they can't control the crypto market by their ban. It can affect their citizen.