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Topic
Board Beginners & Help
Re: What would the bitcoin graph look like without China?
by
CoinGroin
on 20/12/2013, 05:05:17 UTC
It really depends if you look at it like they never entered the market in the first place versus just suddenly plucking out all China exchanges in a single moment while the impact of the publicity still remained.

I think China publicity helped the price increase which even if it was a bubble still attracted a lot of new entrepreneurs and general public awareness, which in turn helps the long-term and short-term growth.

I agree that it helped the price increase, but the rise/sudden fall when the bad news came out of China gave serious ammunition to people who say that it can't be currency because of the insane fluctuation.