Quote from: sheenshane on June 21, 2021, 04:38:13 PM

It isn't new for me, it's been a long time since China always creating FUD against Bitcoin and now they step up on their regulation on Bitcoin which is in the end, Bitcoin will always recover at any moment. But this isn't a barrier for most big investors that come from China, they still able to use and invest in Bitcoin through P2P exchanges.

Quote from: Renampun on June 21, 2021, 03:17:21 PM

when one door closes another will open...

I tend to agree, even though China was banning Bitcoin but still, there is a large percentage of countries that still believe in cryptocurrency and legalizing it under their jurisdictions. As I heard, just like El Salvador and Iran which is now legalized Bitcoin and willing to embrace this cryptocurrency.

Bitcoin price will always recover and this isn't new at all. Though it has a little effect and it seems like what happened before but yet, Bitcoin always has made a surprise for us, and let's wait again for the new ATH will come.

What we don't know right now is how harsh China will crack down on people who are getting caught dealing with Bitcoin. If they are really brutal with them that could have definitely an effect on people shying away from cryptocurrencies. As we all know China can be extremely strict in rule and law enforcement. I think we shouldn't freak out but still have an eye on what is happening in China. They are now putting the banks under pressure as well which goes way too far in my opinion, but we know it already.