Quote from: Mpamaegbu on October 12, 2021, 05:21:00 PM

Quote from: Marvell1 on October 12, 2021, 03:27:19 PM

Quote from: Mpamaegbu on October 12, 2021, 08:56:50 AM

~snipped~

China's ban has long had no effect on bitcoin.

That's just it. The entire Bitcoin community has now developed a sort of nonchalance towards news from China on Bitcoin. Too much talk makes one lose their respect and I think that's what has happened to China. My first experience with China's ban in 2017 got me really stiff scared. I thought it was going to nail Bitcoin to its death, knowing how prominent China was in the scheme of things concerning Bitcoin. Good a thing it didn't. This day I don't even bother with any news from China. I just read them, take them with a pinch of salt and move on. Other times, I read and think them hilarious.

China ban on bitcoin recently was just like minor drop in bitcoin and then later on, the price bounces up again. So there's nothing really big and negative effect on bitcoin. China has been used in banning bitcoin and all related crypto activities and it went really bad for the crypto market in the previous years. This time around is now different. The expected major crash in the market has even push more the price of bitcoin to go up and is now starting to set his new trend towards the bullish season. And i guess this is not surprising as we are already in the last quarter of the year and mostly, this is the time of the bullish season and even lasted into the end of the year, or early next year.