China want to ban or want to accumulate crypto?

[pacar_tiri]

I think it is more accurate to say that China has officially banned cryptocurrencies, and when I say official I mean that cryptocurrencies continue to be bought and sold in China without any problem. The black market has always existed and will exist, as well as numerous forums and platforms where Chinese citizens can buy and sell cryptocurrencies. The government can control exchanges and some network connections, but cannot control proxy servers or VPNs. Trading still continues, but in a different way.

I agree with your opinion The black market has always existed and will exist, as well as numerous forums and platforms where Chinese
I think Chinese government cannot block their transaction that using VPN or proxy.
So, doesn't matter for investors and trader there.

[therozaq]

I think it is more accurate to say that China has officially banned cryptocurrencies, and when I say official I mean that cryptocurrencies continue to be bought and sold in China without any problem. The black market has always existed and will exist, as well as numerous forums and platforms where Chinese citizens can buy and sell cryptocurrencies. The government can control exchanges and some network connections, but cannot control proxy servers or VPNs. Trading still continues, but in a different way.

I agree with your opinion The black market has always existed and will exist, as well as numerous forums and platforms where Chinese
I think Chinese government cannot block their transaction that using VPN or proxy.
So, doesn't matter for investors and trader there.

We still have choice to do trading and investing if the government blocked crypto currency.
I think It's not big problem,
Use VPN or proxy are the solution of this.
Crypto always being againted by many government but still exists until now.
Keep calm and always do invest.

[kent47400]

All the news that is available is owned by those who have more asset values in order to lower the price of cryptocurrency and buy it at a cheap price and this is a clear fact from research in various online media too, is this funny ?
This is a great trick from those who have their own interests in the media and can take advantage of the panic of everyone in the cryptocurrency environment, including Chinese citizens, this is a trick for real investors !!

[Fenix]

It is already obvious that the complete ban on mining and circulation of cryptocurrencies in China was a systematic preparation for the launch of its digitized yuan in order to eliminate the cryptocurrency as a real competitor to their digitized yuan.
I do not think that in the near future the position of the Chinese government regarding cryptocurrency may change. At the same time, they may pretend that they do not notice some violations of this prohibition.

[Bobcrypto]

China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement.

It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.

Source: China declares all crypto-currency transactions illegal

The information is not new, because China has continuously issued bans on the crypto market: ban on use, ban on mining, ban on trading… This has been going on for many years and after each ban, Bitcoin & crypto market growing stronger. I am even glad that China's influence on the crypto market is not as great as before.

However, there are some who think that this action of China is to dump the price and buy more crypto from market. We believe that China has huge ambitions and of course it want to manipulate the crypto market.

What do you think about China's bans? Will they be enough to make the crypto market go into winter right now? Is this just a way for China to buy the dip?

I personally think China has not come out with a clear reasons for taking her decision. Sometime, I think China ban on Bitcoin mining is just to seek attention probably, if some  countries may applaud or emulates the ban. There has been several news from China threatening to ban Bitcoin but obviously, China action has no effect on the crypto market, and without China, Crypto will keep developing.

[Freemind]

All the news that is available is owned by those who have more asset values in order to lower the price of cryptocurrency and buy it at a cheap price and this is a clear fact from research in various online media too, is this funny ?
This is a great trick from those who have their own interests in the media and can take advantage of the panic of everyone in the cryptocurrency environment, including Chinese citizens, this is a trick for real investors !!

What you say is true, and it is also something that has been done since the beginning of cryptocurrencies. Many whales and large investors create a panic in the market, causing the total volume to drop drastically so that people sell in fear of losing everything, at which point they will buy very cheap. Users with more experience have the necessary patience so that it does not affect them, users with more emotions are the ones who usually lose their investments.

[densus88]

All the news that is available is owned by those who have more asset values in order to lower the price of cryptocurrency and buy it at a cheap price and this is a clear fact from research in various online media too, is this funny ?
This is a great trick from those who have their own interests in the media and can take advantage of the panic of everyone in the cryptocurrency environment, including Chinese citizens, this is a trick for real investors !!

What you say is true, and it is also something that has been done since the beginning of cryptocurrencies. Many whales and large investors create a panic in the market, causing the total volume to drop drastically so that people sell in fear of losing everything, at which point they will buy very cheap. Users with more experience have the necessary patience so that it does not affect them, users with more emotions are the ones who usually lose their investments.

Yeah, whales will share negative issue to dump the price then they will buy more.
Many people will be panic selling.
It's always happen in crypto world.
I also didn't believe about negative issue, It's clear.
Just market strategy.
China issue was shared several time, but bitccoin and altcoin recovered again.