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❕NEWS China could be having the adverse effect

AudraMiller

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Recently, over the course of this year it became very clear to all of us that china has a very large impact on the cryptocurrency market. When there was a ban that was placed by china on these coins there was a massive drop in the price of these coins across the board and for many people this caused them to panic and sell their coins, further adding to the drop and bear market as well. However it seems that this may not necessarily be the case moving forward. In fact in a recent news article it seems that Edward Snowden has said that the ban that is placed by China is actually helping bitcoin to become a stronger currency. Do you agree and why do you think that this is the case?
 

Wisdom01

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The ban placed by China might actually be adding positivity to the coin ,instead of negativity , because of how the price have been growing this year despite the ban
 

De-rector

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The rate of recovery of Bitcoin and other coins at the moment shows that China's relevance in the cryptocurrency ecosystem is almost down to zero and they should face their business the cryptocurrency market doesn't need them anymore.
 

BullyMaguire

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I agree.. china has been dominating crypto currency in terms of miners and other things before and they ban and suddenly the prices of cryptos has dropped massively. Now that it has recovered without them what more can go wrong?
 

Flower

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I totally agree to the submission that the ban in China is a blessing I disguise for the cryptocurrencies. This is because it makes the digital currency more popular.
 

Brain

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Well I have really noticed any negative impacy since the ban. I think bitcoin is just going through its normal process of sometimes increasing another time decreasing and that's it.
 

Emoney

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As a decentralized system and digital currency, bitcoin mining should not be heavily reliant in just one country. It's to prevent the centralization of the system, which defeat the entire purpose of bitcoin in the first place. The band didn't have that much of an impact to the price since the price is now higher than ever.
 

Brain

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I totally agree to the submission that the ban in China is a blessing I disguise for the cryptocurrencies. This is because it makes the digital currency more popular.
I have noticed this too. people are getting to know more about crypto so sometimes things happen to become a blessing. it is really bringing more investors into the network through a great users awareness that have been created.
 

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