Re: Can China Ban on Bitcoin have any negative effect on Bitcoin in future?
China bans Bitcoin many times in history and let's do retrospectively check on what happened so far
If you look at those chart, data and the article, you would realize that China ban events don't have long lasting effects.
- Crypto has recovered from China's FUD over a dozen times in the last 12 years
- BTC Price change 60d pre and post prior China "ban" events
- The impact of China banning Bitcoin over time.
If you look at those chart, data and the article, you would realize that China ban events don't have long lasting effects.
- Bitcoin bull run, it's time to debunk Bitcoin FUD.
- When you have time, read so many resources on Endthefud.org
The chart says it all, one country doesn't entirely affect Bitcoin, well, considering China's population and how big this country is when it comes to resources and such, it did made an impact but such impact was recovered right away. Also, I do think that there's still a way for China's citizens to participate in such activities but in an illegal way, of course VPN won't work anymore, I don't have any solid proof but there must be a way, right?