China is a non-factor

[rizqillah]

A couple of years ago, various negative and positive news from China greatly influenced the cryptocurrency market, but now the time has come when the cryptocurrency market does not depend so much from various news, whether they are from China or from other countries, but of course everything depends from the most news, from their importance for cryptocurrencies.

negative issues will always have effect to crypto market, not only China.
At the beginning Russian and Ukraine war also had effect for crypto currency market, but not big.
I think crypto is so popular now, and will gain popularity day by day.
When crypto being used by many people, I think negative issue will not have big effect for crypto market.

[Freemind]

This could all change after the latest news that it appears the Russian government may accept Bitcoin for its oil and gas exports and that Russia may very well pass the law allowing crypto mining in Russia. If these two proposals are finally approved and Russia sells oil or gas to China, all this could give a radical turn to the situation. China would be a very important player, and their actions could have far greater effects (good or bad) than we have seen so far in the cryptocurrency market.

[Speaker]

I doubt that will happen.This will not help in any way to circumvent the sanctions, especially since it is simply impossible to hide such flows of cryptocurrencies

[royalfestus]

This could all change after the latest news that it appears the Russian government may accept Bitcoin for its oil and gas exports and that Russia may very well pass the law allowing crypto mining in Russia. If these two proposals are finally approved and Russia sells oil or gas to China, all this could give a radical turn to the situation. China would be a very important player, and their actions could have far greater effects (good or bad) than we have seen so far in the cryptocurrency market.

It could be interesting to believe cryptocurrency can replaced dollar in the economic situation of russia but it was the best time for putin to adopt rubies to replace dollar and others in transaction . The annoucement restore the coin price in march and expect more rection from Russia Governenmnet

[Confero]

China often makes FUD against Bitcoin and Cryptocurrency, this makes people in Crypto get bored with China. This makes people begin not to care about China, and they will ignore what this country does. So that whatever it has no big influence on the change in the price of Crypto, and this is a good thing.

[Jaephoenix]

It may be of interest to you to know that even though the ban was made in China, the effect may be worldwide since most hashrate of bitcoin, the alpha cryptocurrency is in mainland China and as we speak many had to leave

[Freemind]

It may be of interest to you to know that even though the ban was made in China, the effect may be worldwide since most hashrate of bitcoin, the alpha cryptocurrency is in mainland China and as we speak many had to leave

All the cryptocurrency mining that was in Chinese territory has already left the country a long time ago, at least officially. Almost all the mining groups went to nearby countries with more permissive laws to continue their operations, that is why the hashrate that can remain in China is minimal. As we have seen, this has not affected Bitcoin, it has not died as some said it was going to happen, in fact, Bitcoin is now more alive than ever in my point of view. Trading also continues in China, but it is also done in other ways.

[Bobcrypto]

In Addition, though China has a Big population but overtime, the constant pronouncement of crypto ban will definitely be of know effects because people would have heard it often times with little or no effect. It has been appearing on several news platforms of China constant ban, but this time, it is know longer effecting the crypto market like in the past.

[doc]

In Addition, though China has a Big population but overtime, the constant pronouncement of crypto ban will definitely be of know effects because people would have heard it often times with little or no effect. It has been appearing on several news platforms of China constant ban, but this time, it is know longer effecting the crypto market like in the past.

In my opinion, China will allow bitcoin and altcoin at the next coming years.
We shouldn't care about this negative news from china.
Because many investors from there.
Better keep focus to hold and  wait the bullish season will happen  at 2023-2204.

[Senin]

This could all change after the latest news that it appears the Russian government may accept Bitcoin for its oil and gas exports and that Russia may very well pass the law allowing crypto mining in Russia. If these two proposals are finally approved and Russia sells oil or gas to China, all this could give a radical turn to the situation. China would be a very important player, and their actions could have far greater effects (good or bad) than we have seen so far in the cryptocurrency market.

It could be interesting to believe cryptocurrency can replaced dollar in the economic situation of russia but it was the best time for putin to adopt rubies to replace dollar and others in transaction . The annoucement restore the coin price in march and expect more rection from Russia Governenmnet

The point here is not in what currency the states will pay for Russian oil and gas, but how Russia will supply them. Deliveries were already limited due to previously imposed sanctions. But now the imposition of an embargo on Russian oil and gas has almost been agreed upon. Russia will be dealt a powerful blow for the invasion of Ukraine and the genocide that the Russians staged there. Then Russia will no longer be saved by cryptocurrency.

[Jaephoenix]

China being a technologically savvy country owns and controls a good amount of cryptocurrency hashrate, because most of the mining pools exist there. However, many of them are leaving China because of such sanctions

[densus88]

China being a technologically savvy country owns and controls a good amount of cryptocurrency hashrate, because most of the mining pools exist there. However, many of them are leaving China because of such sanctions

yeah that's the fact, many crypto mining leaved China because China government ban crypto mining.
I think it doesn't big matter.
But in  my opinion, China government should have good solution, not only ban and block mining.
Because we know, crypto currency is the future technologies.

[Freemind]

yeah that's the fact, many crypto mining leaved China because China government ban crypto mining.
I think it doesn't big matter.
But in  my opinion, China government should have good solution, not only ban and block mining.
Because we know, crypto currency is the future technologies.

The fact that China (after 9 years saying the same thing) has banned mining in its territory, is one of the best things that can happen to cryptocurrencies. In this way, mining is truly decentralized and shows the world, and especially the Chinese government, that cryptocurrencies will go their way without having to be in any specific place. Now it only remains to hope that over time, all that hashrate will be distributed among several countries over time.