China’s crypto ban: Buy the dip or cause for concern?

[newshunter]

China’s crypto ban: Buy the dip or cause for concern?

China's regulatory policies toward crypto used to be a major factor in market activity.

Source: China’s crypto ban: Buy the dip or cause for concern?

Would appreciate your opinion about this

[TomPluz]

But not anymore as shown by this recent surge of Bitcoin. Days ago, it is announced that officially Bitcoin is now Made in America and not anymore Made in China. This is a big signal that for now and maybe for the near future, China is officially out of the picture with cryptocurrency. Rich Chinese who maybe still interested with crypto can instead go to Hongkong or even Taiwan to continue doing business...and I think there are already miners who jumped to Hong Kong and even to USA where the climate is much more friendlier and welcoming. Goodbye, China, hello world!

[Senin]

Today the price of bitcoin has climbed to nearly $ 62,000 and ethereum is over $ 3,900. This is a clear answer to the question posed. The Chinese government will no longer have a negative impact on the cryptocurrency market. As stated in the above article, such a negative impact has already occurred 14 times and each time after a short price drop, the cryptocurrency market recovered. This constant annoying negative factor for cryptocurrencies is finally disappearing.

[Oksana Ksyusha]

So many times China forbidded crypto! Pekin say that there is an energy and ecological problems in some territories where there are a lot of mining equipment. But I think it is a political moment is a main. As for me I think that bitcoin price will rise. And there is no point in worrying. If you have assets - buy bitcoin during dump!