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Author Topic: China want to ban or want to accumulate crypto?  (Read 5195 times)

Offline Alter

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Re: China want to ban or want to accumulate crypto?
« Reply #15 on: October 05, 2021, 11:44:20 PM »
I saw on some discussions that it is old news. So, China government maybe not a very strict as we think, they are just a victim of some media that wants to blame them. China government can make a policy because of the need in the country, we actually must admit it. As far as I know, there are still many big investors from China in crypto industry.
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Re: China want to ban or want to accumulate crypto?
« Reply #15 on: October 05, 2021, 11:44:20 PM »

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Re: China want to ban or want to accumulate crypto?
« Reply #16 on: October 06, 2021, 12:21:18 AM »
Finally we see the truth: FUD from China failed to stop the crypto wave, BTC regained $50K today. The crypto market has recovered and is ready to enter a new bull run.
Thank for China giving crypto ^^
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Re: China want to ban or want to accumulate crypto?
« Reply #17 on: October 07, 2021, 12:24:21 PM »
And I think that states begin to act in this way because they understand the danger that threatens them. And besides, there is a global war between the "old" and "new" world order. The same El Salvador, for example, did exactly the opposite, and the size of the state does not matter .Created a precedent.
In this case, China seeks to remove a competitor for the free and unrestricted circulation of its digitized yuan, which will soon be officially launched into circulation. Therefore, the prohibition of transactions in cryptocurrency is apparently taken seriously there, and if nothing changes, then for a long time.
However, we see that such a decision had only a short-term effect on the cryptocurrency. Over yesterday, the price of bitcoin has grown by almost five thousand dollars now exceeds 54,700 dollars. But the Chinese government will no longer be able to periodically throw up negative information for the cryptocurrency. In addition, this will be a good precedent for how effective such a ban on the part of an individual state will be.

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Re: China want to ban or want to accumulate crypto?
« Reply #18 on: October 07, 2021, 01:44:54 PM »
How can China accumulate, when mining is not allowed? I think that China does not plan to ban crypto. They just clean spot for their digital yuan. They simply drown others and to show their own currency in a bright way.
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Re: China want to ban or want to accumulate crypto?
« Reply #19 on: October 07, 2021, 05:05:32 PM »
How can China accumulate, when mining is not allowed? I think that China does not plan to ban crypto. They just clean spot for their digital yuan. They simply drown others and to show their own currency in a bright way.

If you said, China just clean spot for digital yuan , I agree. It's just market strategy for this country.
In my opinion China will keep their  digital currency.
Maybe bitcoin mining is not good for environmental, It's just the reason.
I believe there is another beside it.
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Re: China want to ban or want to accumulate crypto?
« Reply #20 on: October 07, 2021, 07:45:05 PM »
China has banned crypto many times but after each time the BTC price and total cap continue to increase and create new ATH. So I believe this is the best time to invest in crypto as many people have given up on the market.


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Re: China want to ban or want to accumulate crypto?
« Reply #21 on: October 08, 2021, 06:17:43 PM »
China has banned crypto many times but after each time the BTC price and total cap continue to increase and create new ATH. So I believe this is the best time to invest in crypto as many people have given up on the market.

I think It just have little effect for crypto currency world.
China several times have banned, but It is not big matter for market.
Bitcoin will have corrections after issue. But Will Go up again.
So Don't be worry with this problem.
We will the digital era and negative issue will go on.
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Altcoins Talks - Cryptocurrency Forum

Re: China want to ban or want to accumulate crypto?
« Reply #21 on: October 08, 2021, 06:17:43 PM »


Offline Doctor

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Re: China want to ban or want to accumulate crypto?
« Reply #22 on: October 09, 2021, 07:08:21 AM »
If we talk about China will accumulate, I think It's not true.
China is the biggest economic.
Chinese government will protect their own currency.
So I think It's the reason why china banned bitcoin and crypto currency.
That's not big issue, But will affect the crypto currency market.

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Offline DAMKAR

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Re: China want to ban or want to accumulate crypto?
« Reply #23 on: October 10, 2021, 05:55:52 AM »
Finally we see the truth: FUD from China failed to stop the crypto wave, BTC regained $50K today. The crypto market has recovered and is ready to enter a new bull run.
Thank for China giving crypto ^^

Yes,  FUD from china failed, bitcoin already going up to 54k $. I think no one can refuse the future technology such as bitcoin.
I don't believe one country will have big effect to bitcoin.
No way.
Investors and traders will go on and enjoy their investment.
So, It's really difficult to say, china can ban bitcoin.

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Re: China want to ban or want to accumulate crypto?
« Reply #24 on: October 10, 2021, 08:44:37 AM »
So, It's really difficult to say, china can ban bitcoin.
Can prohibit, but only on paper. And if this happens, then there are craftsmen who can get around such prohibitions. And now, while China is struggling with cryptocurrency, market manipulators skillfully use the negative, moving the course in one direction or the other.
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Re: China want to ban or want to accumulate crypto?
« Reply #25 on: October 10, 2021, 09:51:39 AM »
I'm not surprised the negative news from China because they just trying to manipulate the market, they always making FUD but I'm glad that the market was not affected with this news. The crypto market is really getting stronger and it seems people tired of negative news coming from China, they don't care anymore so this is good.

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Re: China want to ban or want to accumulate crypto?
« Reply #26 on: October 10, 2021, 11:53:25 AM »
This is not the first time China has opposed cryptocurrencies. I think this ban is not final. Most likely, China will allow cryptocurrency again later. Negative news will be replaced by positive news
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Re: China want to ban or want to accumulate crypto?
« Reply #27 on: October 10, 2021, 06:27:36 PM »
There is no doubt that there are smart people in the Chinese government, and at this point in time it remains a mystery to me why they prohibit cryptocurrency. It is very strange that after Bitcoin was banned in China, the rate of the first cryptocurrency did not fall much in my opinion.

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Re: China want to ban or want to accumulate crypto?
« Reply #28 on: October 12, 2021, 05:29:33 AM »
The Chinese government has already banned all types of currency transactions, but the ban has not had much of an impact on the cryptocurrency market. The cryptocurrency market a Is in a better position than before.

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Re: China want to ban or want to accumulate crypto?
« Reply #29 on: October 12, 2021, 07:13:33 AM »
After the news spread that the Chinese cryptocurrency will be suspended, the situation in the cryptocurrency market has changed a little. However, experts believe that the market will get better very soon. To that end, the market is moving in the right direction, even though the situation is much lower. The price of other coins including Bitcoin is increasing. This change in the market is what cryptocurrency trading lovers have to offer.

 

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