Will crypto market be better after China's ban?

[Vx1]

China really has great power over Cryptocurrency, whenever there is bad news from China, it must have a big influence on the decline in Crypto prices. If China lifts the ban on Cryptocurrency in the future, I hope it will be good news and also have a positive influence on changes in Crypto prices.

[TomPluz]

This is good news actually in relation to the long-term viability of Bitcoin and mining. We need to rejoice and encourage more miners in China to locate somewhere else. I am sure there are other countries who are willing to join the cryptocurrency business in their jurisdiction. China has had been a big pain in the a*ss of cryptocurrency market and it is time to end this whole thing. We could not expect that China will be opening up their market and they must be afraid of cryptocurrency anyway since people in their government is all about controlling people - these people can never sleep in the night if they are aware of anything that will diminish the kind of control they have on people. We don't need China.

[dolcefarniente]

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.

[Bitstar_coin]

Chines always come up with different reason to ban crypto,  but in the end they will have no choice than to accept it, I think this frequent ban of crypto in China is beginning to look like a fud, they hardly have a valid reason to ban btc, they just like to create dud to crash the market and they will buy cheap.

[Debasco]

Nothing will happen in the crypto market, because China is just a portion in the crypto market, and mainly the market does determine or raise on the strength of a particular country, so to me it's nothing, it's just normal thing.

[Doctor]

Chines always come up with different reason to ban crypto,  but in the end they will have no choice than to accept it, I think this frequent ban of crypto in China is beginning to look like a fud, they hardly have a valid reason to ban btc, they just like to create dud to crash the market and they will buy cheap.

I think I agree with you, chine will have no choice to accept crypto again.. Because we all know crypto currency is the future currency.
Crypto is efficient financial network and really usable to do payment nad good investment.
No worries about crypto currency.

[Renampun]

Nothing will happen in the crypto market, because China is just a portion in the crypto market, and mainly the market does determine or raise on the strength of a particular country, so to me it's nothing, it's just normal thing.

Why do so many people believe China has the power to destabilize the crypto market?

Every year the Chinese have created partnerships that praise and aggravate crypto, so that has been the case until now, don't be surprised. just love crypto with no worries.

[tonymillions84]

in another rounds, India says they are not banning crypto but giving a close monitoring on the state of things. same thing is happening in Nigeria. the CBN says it is investigating seriously in the state of things in crypto. majorly in the transaction aspects. they want to make sure it is not use for illegitimate deals.
china might be closing down on bitcoin but that does not means they will not support crypto.

[piqulhdt28]

Negative crypto news and prohibitions in China make the price of all crypto drop very quickly, the miners in China also have a very serious problem because the government in their country has banned cryptocurrency, and this greatly affects the sustainability of BTC transactions because there are quite a number of miners in China. . .
one way is to move all their mining equipment to a more crypto-friendly country.

[Freemind]

Negative crypto news and prohibitions in China make the price of all crypto drop very quickly, the miners in China also have a very serious problem because the government in their country has banned cryptocurrency, and this greatly affects the sustainability of BTC transactions because there are quite a number of miners in China. . .
one way is to move all their mining equipment to a more crypto-friendly country.

The Chinese government has been doing the same for 8 years and nothing has ever happened, I don't know why this year should be any different. 65% of Bitcoin's mining power is concentrated in China, and those miners are not going to disconnect, they will move through the national territory or go to nearby countries, they have funds to do that and much more. If any of them decide to go to another country it would be good news, that is decentralization.

[elbans89]

by seeing many opinion here, I think Chinese ban crypto, It will never effect to crypto currency at the coming future.
As many people said, it's just temporary.
Chinese will accept crypto again at the next year's, So don't worry about this issue.
It will go with the wind.

[piqulhdt28]

The Chinese government has been doing the same for 8 years and nothing has ever happened, I don't know why this year should be any different. 65% of Bitcoin's mining power is concentrated in China, and those miners are not going to disconnect, they will move through the national territory or go to nearby countries, they have funds to do that and much more. If any of them decide to go to another country it would be good news, that is decentralization.

Actually it's not only news that is banned in China that affects crypto prices, but one of them is Elon Musk's tweet on Twitter that sentiment about bitcoin can also affect crypto prices. because Elon is a rich man and very famous among the elite.

[Freemind]

Actually it's not only news that is banned in China that affects crypto prices, but one of them is Elon Musk's tweet on Twitter that sentiment about bitcoin can also affect crypto prices. because Elon is a rich man and very famous among the elite.

The problem is not just that Elon Musk talks too much, the problem is that the entire zombie army that follows him sells their coins/tokens when Elon says something. The statements of the Chinese government is something that we have been hearing for many years, what Elon Musk and his minions have done is the first time that has happened.

[Debasco]

Let me say the market will be best self, because crypto market is a world market, not a single country can influence it, even now that Indian has legalize it. so more will be achieved, so that is it. 

[piqulhdt28]

The problem is not just that Elon Musk talks too much, the problem is that the entire zombie army that follows him sells their coins/tokens when Elon says something. The statements of the Chinese government is something that we have been hearing for many years, what Elon Musk and his minions have done is the first time that has happened.

It's only natural that many of Elon Musk's followers follow everything he says on Twitter about crypto, because Elon is a very rich and famous person, pal. maybe for them following everything Elon Musk said could make more money.