Will crypto market be better after China's ban?

[Seerge]

FUD will continue to appear, because actually this is all sometimes just the fabrication of a big whale who can buy Media to spread the FUD. And the effect is to the small players who suffer losses, while those of the big whales will gain doubled.  We must be good at reading the situation, so that we do not fall into the abyss of their trap.
Look now the price of Bitcoin and other cryptocurrency, the more broken and falling too deep. The price experienced a big dump that was very detrimental.

[yohananaomi]

Actually, there are some other negative issues, and FUD always spreading about cryptocurrency. This is bad enough of course, but as time flows by, I am sure that the market will be better soon.
This may be not easy, but, the crypto community is very big and I am sure that many whales also really expect to have another bullish reason again this year.
Hopefully, $100k price of BTC will be really happened this year 

There must always be a sense of optimism, even though it was recently hit by a bad storm that resulted in a deep correction, it certainly didn't relax bitcoin to keep moving according to its goal at the end of the year to reach renewable ATH with a significant value.

[Delgboke]

The battle has always been there since acception of Bitcoin existence meaning that such news that China is cracking down on Bitcoin is not new in the system just what matters here is how people carry the news that actually affect the price, because most newbie in the Cryptocurrency industry sell off their assets because fear and doubt. When they hear such news about Bitcoin.

[damsix]

I was the laziest when China had started to master the big news from various media because China has a very strong influence on the sustainability of the price of cryptocurrencies.
Indeed, lately China has banned Bitcoin mining and it turns out that China also sometimes opens Bitcoin mining at other times, this is clearly a manipulation to raise and lower the price of cryptocurrency.

[TERMINO]

Over the years, cryptocurrency mining has evolved into a large, separate industry not heavily controlled by government authorities. Apparently now China, as the largest miner, has felt the growing threat to its financial stability.

I don't think the Chinese crypto people will stop their Bitcoin activities. Despite the fact that Chinese government banned Bitcoin they are unstoppable. Crypto cannot affect Chinese economy whether they banned or not the cryptocurrencies industry. Crypto will continue without China.

[Freemind]

I don't think the Chinese crypto people will stop their Bitcoin activities. Despite the fact that Chinese government banned Bitcoin they are unstoppable. Crypto cannot affect Chinese economy whether they banned or not the cryptocurrencies industry. Crypto will continue without China.

Crypto activities will continue in China and Bitcoin will continue to be mined. What the government has done (once again after 7 years doing the same) is shake the hornet's nest to see the reactions. The "worst" that can happen is that some miners may have to relocate their structures and facilities, but they have enough funds to do it.

[masterrex]

I believe in some aspect there is, it makes cryptocurrency more decentralized particularly Bitcoin because we all know that most of the Hash power is concentrated in China in that case it will be dispersed to any other parts of the world, as intended to make Bitcoin more decentralized and safer to any attacks. that was my opinion about it.

[KryptoBull]

I don't like China's intervention in the crypto market. China's regulatory FUD has affected the mining industry, then the entire crypto market. If crypto can escape Chinese manipulation, it will be an opportunity for this market to be more stable and investors better protected.
Miners are leaving China, they will soon find new countries with cheap energy and the right regulatory framework.

[Atako]

Salvador is already gearing to mine Btc with geothermal energy so no problem with that

[AGM]

The main problem is that China has a significantly cheaper labour cost and electrical cost due to their proximity to renewable energy sources. The fact that the biggest ASIC companies are all based in China also help to cut down their expense significantly. Given the cost of shipping the ASICs overseas with the effort required to find another suitable place, I doubt that the network would recover that well.

[Freemind]

The main problem is that China has a significantly cheaper labour cost and electrical cost due to their proximity to renewable energy sources. The fact that the biggest ASIC companies are all based in China also help to cut down their expense significantly. Given the cost of shipping the ASICs overseas with the effort required to find another suitable place, I doubt that the network would recover that well.

Some (few) of the mining plants in China are very far from population centers, do you know why?, to get free electricity, since they illegally access the electricity grid. They have money to do a lot of things, including moving those mining farms, the problem is that not everyone wants to spend that money. If the hash power of China goes down, it will increase in another country, and whoever wants to stay in China will have to use other methods.