Quote from: poldanmig on October 12, 2021, 01:22:34 PM

Quote from: gleisson05 on October 12, 2021, 12:55:38 PM

"China ban" appeared to be advantageous for crypto, eventually. First we experienced significant dip, which is always natural under the given circumstances, and then things got back on track (to the moon).

The ban from China has continued to exist from year to year, does that make bitcoin die?
Of course not, because so far the price of bitcoin has not depended on any single country in the world, even though the Chinese ban did affect the price slightly, but it is not permanent because we all know that supply and demand factors that occur in the market are the main factors for bitcoin prices.

I wonder how many times they can keep banning bitcoin, they have been doing so almost like clockwork every year and every time people react in the same way, not realizing that with each move like this the government of China losses their influence over the market and as time passes it is going down more and more, so I really expect that next year when we see China banning bitcoin again then the effects are going to be slightly lower than what we saw this year.