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[AudraMiller]

The recent drop in Bitcoin value is one that many think has reached its bottom and will now start to make its way into recovery. However Bitcoin may not be out of the woods just yet, and whilst there has been some sort of minor recovery from this dip, there has also been an increasing fear that china will continue to strengthen their regulations on crypto and this will have major on the crypto world and the Bitcoin price. What are your thoughts on this?

 

[Niftyicon]

I really hope this recovery would be it but with all that has been expressed on various platforms, I don't think so. The news about China really affected the price so much and there are a lot of theories bout that too.

 

[Manish200]

There has been alot of buzz about the effect of china's regulations on crypto. It will definitely cause more damage, there is no doubt in that but this is something that keeps happening in crypto market every now and then. So the assumptions are that things will improved fast once the impact of this event fades.

 

[AudraMiller]

I really hope this recovery would be it but with all that has been expressed on various platforms, I don't think so. The news about China really affected the price so much and there are a lot of theories bout that too.

Yes, and China does have a large amount of the cryptocurrency miners and so if they have to change their stance or crypto or start to regulate it in any way then there is going to be a global impact on crypto.

 

[microunit]

It will really depends on what kind of regulations they will implement though, if it is a total ban in their country well then that will change things as most miners in their would stop because of the ban

 

[Manish200]

It will really depends on what kind of regulations they will implement though, if it is a total ban in their country well then that will change things as most miners in their would stop because of the ban

As far as the news about the ban are concerned, it's unlikely that they will implement a complete ban. They have been working on laughing new mining services and it indicates that there is still some hope left. Lets see what actions are taken by the Chinese government.

 

[microunit]

Yeah quite weird that they are raising news on Ban on cryptocurrency stuffs then new miners or more and more miners are popping up in China, seems probably like they are contemplating

 

[Wisdom01]

True the speculation about china is what is affecting the price, it would be hard to recover from the fall because the news is still a fear to investors

 

[SCAMEXPOSER]

I am more optimistic that China will result to regulations than outright ban because after the crackdown announcement I have seen more development in the mining activities of the companies in china.

 

[faribakhazaei]

But i believe china would never do that knowing all market depend on btc, its just a fear, in short term this fantasy affect thd market and make it bleed heavily but btc will be cured soon and goes to yhe moon

 

[highspeed]

The answer to your question, in my opinion is: YES, China's cryptocurrency regulations will have a significant impact on the value of every crypto.
Having said that, you see, I am in favor of protecting the environment and therefore I believe that this is a right choice.
We must think first of all of the environment in which we live, before money!
Do you agree with this too?