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Learning & News => News related to Crypto => Topic started by: newshunter on August 04, 2021, 01:03:36 AM

Title: China's attempt to kill Bitcoin failed — Here are 3 reasons why
Post by: newshunter on August 04, 2021, 01:03:36 AM

China's attempt to kill Bitcoin failed — Here are 3 reasons why

Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective.

Source: China's attempt to kill Bitcoin failed — Here are 3 reasons why (https://cointelegraph.com/news/china-s-attempt-to-kill-bitcoin-failed-here-are-3-reasons-why)

Would appreciate your opinion about this

Title: Re: China's attempt to kill Bitcoin failed — Here are 3 reasons why
Post by: TomPluz on August 04, 2021, 04:57:19 AM

I would even say that it is actually bringing good things to Bitcoin because by next year there will not anymore be credible FUD coming from within China. For many years, developments in China made so many negative impacts on Bitcoin and the rest of cryptocurrency. Once the crypto ban and mining ban can be completed in China, it would be detached from the Bitcoin and crypto market altogether for good.