Quote from: izsara on Today at 07:35:31 PM

Quote from: 7788bitcoin on October 03, 2021, 09:10:49 PM

Quote from: Kong Hey Pakboy on October 01, 2021, 03:09:17 PM

Slumps is a big word, bitcoin is doing just fine so I really don't see how the Chinese ban made a difference, people has learned overtime that if China is involved, it's better if you don't panic at all because things will eventually smooth out.

It is clear that if there is any FUD news from China the market is always going down and then after a few trading day the market would usually recover and that is what we are seeing for sometime. We have seen that the market touched an all time high valuation this year and we had a slump in price and then it took some time to recover and with every push we usually see a correction and i see this as that correction and the market recovered after that FUD.

things like this always happen, indeed even though China always creates a controversy with its policies but things like this are strangely always effective.
China has even repeatedly banned and re-legalized bitcoin but it has always had a real impact on the market.
but it's true especially now that i've seen bitcoin back up even when i saw the last chart bitcoin will reach resistance at $59k and this is a very good thing.

They do really love on making moments like these but look at on what happened? Bitcoin instead make out some good movement and now it did break 50k instead of this situation.

They can ban all they want they can prohibit all they want.They can say all negative things that they want, doesnt only limit out on China but also in other countries as well.

Bitcoin wouldnt bulge out on situations like these.It might have some significant effect for some time but recovery is inevitable and instead it could reach up some good gains or increase.