Re: China's influence on bitcoin is becoming insignificant.

Quote from: kairo8758 on September 19, 2017, 03:38:45 PM

Quote from: omonuyak on September 19, 2017, 03:19:29 PM

Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.

Yes, the so-called "trading forecasts" sites keep promoting their lie to create panic and hoping the market to fall
But I think crypto-traders getting smarter too everyday

Here is the chart of BTC prices:

Yes I agree with you. Amateur bitcoiners will likely the one that goes panic selling during the fall but the smart people are going to take that fall or dip as an opportunity to buy more bitcoin. That's why during the dip, bitcoin believers pump more bitcoin so investors from china who dump their bitcoins were just replaced by another bitcoiners. And today yes, China's influence are insignificant afterall.