China is a non-factor

[lepbagong]

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.

all finally opened a certain intention to be carried out by the Chinese state by means of continuous prohibition, they saw the response of the world market with what was said. Of course, at the beginning it was clearly very impactful, but after that, everyone knew.

it is certain that there are certain intentions from China with the ban, until now it has not been seen on the surface. it is certain that later it will be revealed what the intention behind the ban is, I myself agree that the ban is due to the bad impact of mining and must be corrected, but not to prohibit should find a solution.

If continuous action is clear, investors and large traders and institutions will understand, will not be affected by this.
bitcoin will still be the best and able to provide profits for those who keep it until now and maybe continue until a new ATH is formed.

[Coin63@]

The Chinese government's cryptocurrency ban is a big factor because thousands of investors from China invest in cryptocurrency marketing. So the Chinese government’s cryptocurrency ban could bring about a major change on investment in the market. Although the market is booming at the moment, China has imposed sanctions to make such a Couldn't change in the market. .

[masterrex]

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.

Agree with this argument, But I guess those people that affected much and cause the FUD, was also the Chinese investors because they have reason to be afraid, the Chinese government was ruled by the Communist ruler that's why what they want to impose in their country must be done or else your finish in jail. we that far from China have nothing to do about that ban so we can still continue our crypto journey with freedom.

[Callisto]

Do not forget that China has accumulated most of the share of mining in relation to the whole world. There is also a huge number of whales that trade on exchanges and which have an impact on the market, which is why everyone is afraid of any fluctuations with China in relation to cryptocurrency, also the population of China is huge, there, on average, every 5th inhabitant is a holder of a cryptocurrency.

[Evgenklm]

China is one of the most developed countries in the world, and of  course huge amounts of money are concentrated there, and the crypto market reacts accordingly, because billions of investments are leaving the crypto market and many mining farms are also closing.But this is of course temporary, investors and miners are moving to other countries.

[Linda78]

All of a sudden when China banned cryptocurrency  Traders are in despair. This is normal because China is a developed country.But we have to keep in mind that nothing stops for anyone. Other developed countries in the world support cryptocurrency.We hope that countries other than China will take cryptocurrency much further.

[lepbagong]

All of a sudden when China banned cryptocurrency  Traders are in despair. This is normal because China is a developed country.But we have to keep in mind that nothing stops for anyone. Other developed countries in the world support cryptocurrency.We hope that countries other than China will take cryptocurrency much further.

China is not only a country that has advanced in many sectors, but the biggest miners are actually there and come from there, because indeed they can grow big because the costs incurred by miners are quite cheap. because the government factor that provides electricity costs are quite cheap, so the results obtained are quite tempting. no wonder mining there is quite mushrooming and very much at all.

but I agree with you that nothing can stop crypto from continuing to grow, even though the Chinese government prohibits everything related to crypto.
there are many other countries that are able and able to accept crypto and make crypto continue to develop well.
let the chinese government do that but in the other world crypto continues to grow over time, no one will be able to stop crypto.

[alltalk]

What do you mean by non-factor? Do you think China has no power to influence crypto world? No, mate. Don't misunderstand, they have crypto assets although they ban crypto. I assume they even still have a big number of assets in crypto. China is always playing an unpredictable strategy, we don't know what their purpose of banning crypto. Just imagine if they sell a large number of their assets, it will dump the prices of crypto market. It is just an example of their power to influence crypto world. There should be many other ways!!

[Linda78]

Suddenly, when there is news that China has banned cryptocurrency, various traders stop.We know that China is a developed country. Cryptocurrency was also widely used in China.Many people think that banning cryptocurrency will cause a lot of problems but it is not true because there are many more developed countries in the world that have been supporting themselves adequately.One thing we have to keep in mind is that when one door is closed, a thousand doors are open. So I have always believed that banning cryptocurrency would have no effect on cryptocurrency. Cryptocurrency It will run at its own pace. That is why traders are not disappointed.

[Hisbullah]

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.

Why always China be the trend centre, always be bug news when they ban bitcoin . I think  bitcoin and altcoins didn't depend on China.
There are many whales from China, I think It just market strategy to buy the dip while they spread the fud.
old song, I don't believe with this issue.

[Bliznec]

Do not forget that China has accumulated most of the share of mining in relation to the whole world. There is also a huge number of whales that trade on exchanges and which have an impact on the market, which is why everyone is afraid of any fluctuations with China in relation to cryptocurrency, also the population of China is huge, there, on average, every 5th inhabitant is a holder of a cryptocurrency.

Let China leave the cryptocurrency market on the sly. Now we no longer need China, because other countries do not need to establish our own rules. China will always have a "tight" environment. Miners will leave China, along with ordinary traders, cryptocurrency investors. 

[Rokon5]

China has a big citizens and great crypto assets, envision when much holders in China put up for sell billions of dollars price of crypto, how the bazaar will be influenced . DEX may aid a little but unable to assist us acquire clear of the effect of rejection details next to China.

[luvr1000]

I have been watching the Chinese regulators for a long time, and I can say the cryptocurrency market does not strongly respond to news from China, I think they only make it worse for themselves with all the prohibitions

[royalfestus]

We cannot underestimate china in the build up of cryptocurrency because bitcoin was initiated by satoshi a Chinese. But by now china cannot make a standing ban on cryptocurrency over the world, crypto is far beyond what china alone can control now,it is beyond the idea they sold. China as far as the world is concerned has a good position in the world economy. The ban they lay only covers for their country not more.

[trauchot]

There was a time when really various negative or positive news from China about cryptocurrencies greatly influenced the cryptocurrency market, but the cryptocurrency market has already become so large that various news from China about cryptocurrencies does not affect the growth or fall of the cryptocurrency market so much like before.