China want to ban or want to accumulate crypto?

[Rakin343]

In my opinion, China really wants to accumulate cryptocurrency with all kinds of bad news. Several days ago, China banned bitcoin in its country.Shortly afterwards, they re-enacted Bitcoin. From this it is understood that it is a complete partial of China. In this way, they are buying and depositing Bitcoin at a lower price.

[Noverteno]

In my opinion, China really wants to accumulate cryptocurrency with all kinds of bad news. Several days ago, China banned bitcoin in its country.Shortly afterwards, they re-enacted Bitcoin. From this it is understood that it is a complete partial of China. In this way, they are buying and depositing Bitcoin at a lower price.

No, the Chinese government is practically not interested in decentralized cryptocurrency. The People's Bank of China announced its ban on transactions in cryptocurrency in order to eliminate a possible competitor to its digitalized bath, which should soon be officially launched into circulation. China has its own ambitious plans. And cryptocurrency is clearly not included in these plans.

[owlest]

Although the Chinese government has declared cryptocurrency completely illegal, it has not been able to lift the popularity of cryptocurrency among the people.Moreover, despite the Chinese government's announcement in parliament, cryptocurrency has not been able to eradicate popularity among thousands of investors.

I think it just shouldn't have happened. After all, the more you prohibit, the more desirable this prohibition becomes for a person. Moreover, this is only the opinion of the government, people think differently, and therefore they will try to bypass these prohibitions.

[tervel]

It’s not that government China are banning cryptocurrencies because they necessarily expect the technology to fail. It’s that they want to be in charge of an experiment with potentially trillions of dollars. Also  they want to be able to monitor currency transactions and negate any challenge to their homegrown digital currencies.

[mahid]

China always want to lead the world as a leader of economic country. But America is the first competitor of him. Banning crypto in china is not interior issue i think it is a diplomatic issue. China thought that they accumulate crypto in low price after announcing ban crypto. But the market is not stay the bull market is come back.   

[sampoerna]

By doing negative issues, China can really want to ban crypto, or they want to buy at a cheap price. We don't know the exact purpose of China government, only they and God know it. I think it is not really necessary to think, what we should do is taking advantage of every issue in crypto market. If someone believes in crypto future, she/he must already buy many coins at cheap prices once much bad news from China several months ago.

[I-Bit]

I don't know but China FUD seems like only utilized by certain big whales to manipulate the market. We don't know whether the people behind is exactly from that country or not because most of the FUD came from the past time and they are raised again to make this market drop. And now the market is bullish again.

[doc]

I don't know but China FUD seems like only utilized by certain big whales to manipulate the market. We don't know whether the people behind is exactly from that country or not because most of the FUD came from the past time and they are raised again to make this market drop. And now the market is bullish again.

I agree with you, I also think China FUD just market strategy to buy at lower.
After whales buy more, we all see bitcoin price is going strong.
In my opinion It's just a game.
Keep calm and always believe crypro will rise again

[elbans89]

By doing negative issues, China can really want to ban crypto, or they want to buy at a cheap price. We don't know the exact purpose of China government, only they and God know it. I think it is not really necessary to think, what we should do is taking advantage of every issue in crypto market. If someone believes in crypto future, she/he must already buy many coins at cheap prices once much bad news from China several months ago.

I think they had plan to buy at a cheap.
Because there are many whales from china.
I think We should keep calm and wait when you heard the negative issue from China. Banned bitcoin  then bitcoin dumped.
At least one or two months again, bitcoin pump.
It's strategy.

[owlest]

I don't know but China FUD seems like only utilized by certain big whales to manipulate the market. We don't know whether the people behind is exactly from that country or not because most of the FUD came from the past time and they are raised again to make this market drop. And now the market is bullish again.

You're right. But look, even such news, which has played itself out for a long time, all such acts on weak hands. Some people on the market do not see the essence at all and as soon as they hear the negative, they begin to whip it up. Maybe because of them, and such volatility?

[Gvent]

I don't know but China FUD seems like only utilized by certain big whales to manipulate the market. We don't know whether the people behind is exactly from that country or not because most of the FUD came from the past time and they are raised again to make this market drop. And now the market is bullish again.

You're right. But look, even such news, which has played itself out for a long time, all such acts on weak hands. Some people on the market do not see the essence at all and as soon as they hear the negative, they begin to whip it up. Maybe because of them, and such volatility?

A lot of people in the cryptocurrency market are prone to panic moods. And instead of doing something and changing the situation in their favor, they start talking on social networks about the fact that the market is not fair and that there is one deception. Fortunately, I have learned to see such people, which helps me not to trust their empty words.

[Rds3b]

Many people in the developed countries of the world invest in cryptocurrencies such as China.When the site of cryptocurrency is closed, other sites are opened because cryptocurrency will not stop because China has banned it. Because at present The popularity of cryptocurrency around the world.

[Zezari]

It will probably be difficult to ban cryptocurrency, they will still find loopholes to use this payment system. If of course China wants to do this, they have a chance to ban cryptocurrency.

[gurunanakji777]

China Ban statement I have heard several times and it does not matter I feel even further if we heard such kind of news again from China I believe it won't impact the market because we all know about china already. We can not say they are accumulating or not but if they seriously ban all crypto transactions then it's risky to buy if you are a Chinese crypto trader. If you noticed one month already passed and ban statement news did not affect the market for long on the contrary market bounced back more aggressively.

[Senin]

In my opinion, China really wants to accumulate cryptocurrency with all kinds of bad news. Several days ago, China banned bitcoin in its country.Shortly afterwards, they re-enacted Bitcoin. From this it is understood that it is a complete partial of China. In this way, they are buying and depositing Bitcoin at a lower price.

You write that China, after declaring all transactions in cryptocurrency illegal, has already lifted this ban again? I haven’t heard any talk about it yet. And I don’t think it happened. Apparently, they seriously decided to eliminate the cryptocurrency as a competitor to its digitized yuan. In the future, this may still change, but so far it is unlikely that the cryptocurrency will go officially in this country.