Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on September 27, 2021, 12:27:30 AM
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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 (https://www.bbc.com/news/technology-58678907)
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?
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The idea that China is banning all related cryptocurrency matters including mining so that they can buy Bitcoin at its lower price is just another speculation. In the first place, China has a good history of banning companies they don't like including Facebook, Google, YouTube and many others and they created their own alternatives for these now big businesses. the reason is because the Chinese government don't want anything they can never control and that of course include Bitcoin...and because of this they now have their own digital yuan and it will be the replacement of Bitcoin. But we should not worry that much because just as Facebook and Google got so successful and so huge WITHOUT China, so is Bitcoin and cryptocurrency. We don't need China at all.
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Business, crypto, wealthy personalities like Jack Ma, sports, weapons, facilities, let me compile China in this sentence "only one boss." No other boss apart from Xi Jinping.
Anyone who wants to build their own empire should follow what the boss standard. No one should challenge his power and authority or else worse things may happen.
Well, China is one of those who are actually following cryptocurrency though may not really totally legal but not also illegal unless the government immediately prohibited cryptos.
Mining, investors, cryptos could be find in China as business as usual. They can play well crypto. Let us be careful and don't panic.
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I think its just market startegy. I don't believe Chinese will han bitcoin and crypto currency.
Let's se for several week again.
I think whales will accumulate bitcoin and bitcoin price will pump.
I still believe bitcoin will touch new ATH
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China wants it all, no one should doubt that. They are very intelligent and know what to say and do at all times to create chaos and confusion, taking advantage of all situations. And that is precisely what they are doing with cryptocurrencies, taking advantage of every situation. The Chinese government may ban all cryptocurrencies for its citizens, but no one is preventing the government from accumulating cryptocurrencies and trading them in the future. When the government ban something that can improve the economy of a country it is for a very simple reason.
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We really cannot guess what this country wants. Sometimes, there are some certain hidden secrets of this country by making many bad news and FUDs so far. There are some rumours that it is done because to make the Bitcoin dropped and they can accumulate more Bitcoin in a cheaper price in order to get higher rate later/ But, none can prove it
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We really cannot guess what this country wants. Sometimes, there are some certain hidden secrets of this country by making many bad news and FUDs so far. There are some rumours that it is done because to make the Bitcoin dropped and they can accumulate more Bitcoin in a cheaper price in order to get higher rate later/ But, none can prove it
I agree with you, I think they Just accumulate bitcoin and altcoin.
I still believe It's just strategy of whales.
spread negative issue, buy more and hold it.
FUDDER gonna FUD.
So, it will go with the wind.
I believe everything will be okay again.
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We really don't know about what happened to this problem actually. So far, the issues of China banning crypto have been since a long time ago. But now the issues are raised again and again and they make much more FUD.
It seems that it is not only about the certain interest done by that country but also various interests behind this issue. We don't know who controls these issues behind and we don't know what is the exact matter that they really want, especially the whales.
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That's really hard to predict 😕 , because 90% fud coming from china . Intact we all know china on no 1 who mine 90% of btc ( from minners ) . They should regulate crypto currency in their region as a currency. But seem china always busyin fudding when btc in fully bullish and bearish ;)
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That's really hard to predict 😕 , because 90% fud coming from china . Intact we all know china on no 1 who mine 90% of btc ( from minners ) . They should regulate crypto currency in their region as a currency. But seem china always busyin fudding when btc in fully bullish and bearish ;)
I think Chinese government should have good solution for this problem.
If they said bitcoin mining is bad for environmental, I think the government should have solutions , not only ban and ban.
It's funny.
Crypto currency is the future currency.
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I believe that China wanting to create their own central bank digital currency may have something to do with them banning Bitcoin. That way if they do introduce a digital money, there won't be any "competitors".
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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 (https://www.bbc.com/news/technology-58678907)
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 think that such decisions always come next to speculation, this is another tool for large corporations to buy bitcoins when they fall, after such statements or decisions from the government. Indeed, huge amounts of cryptocurrency have been accumulated in China. After the fall, the Chinese themselves will start buying digital gold.
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China banning bitcoin and cryptocurrency in all ramifications has been a recurring theme in crypto. It's even getting boring. But crypto always gets back to its feet all the time. This last time I loved it because I used the opportunity to fill my bags
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China banning bitcoin and cryptocurrency in all ramifications has been a recurring theme in crypto. It's even getting boring. But crypto always gets back to its feet all the time. This last time I loved it because I used the opportunity to fill my bags
You're right, crypto currency is the future technology..I don't believe chinese can ban bitcoin and altcoins.
No one can refuse the future technology.
So, keep calm.
Let me see, how long they will ban crypto.
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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.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
This is until a certain time. After all, we know how whales are able to manipulate the minds of people - owners of cryptocurrencies. It is enough for them to release a small negative news and present it in the right perspective, as everyone starts to panic and do rash actions.
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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.
Cryptocurrencies are very popular among the Chinese population. Therefore, even despite the prohibitions, a huge number of people will take part in cryptocurrency projects, thereby developing cryptocurrencies and bringing the market to a new more promising level of development. I think that such a forward movement will continue.
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The fact that cryptocurrencies occasionally suspend China is nothing new. If they keep spreading negative news about a little currency, Then we should think that a good time is coming for cryptocurrency. That means the market situation will have the potential to improve. So to change the market situation, they have various negative news. Because they need time to buy. And they try to buy coins at low prices.
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I can't understand China, why it always makes unexpected things in Cryptocurrency. The last news I read was that China banned all Cryptocurrency transactions there, fortunately this did not have a significant impact on changes in Crypto prices. Because it seems, people are tired of the news that is often published in China, which usually makes the price of Cryptocurrencies, especially Bitcoin, experience a big dump.
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Current China is the first in business policy in the world. No county in the world compete with them. They now want to know how to occupy the number one position in the economy. I think they are looking for a kind of strategy. They want to ban crypto and buy it again at a lower price. This the only reason for banning crypto in China.
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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.
This is until a certain time. After all, we know how whales are able to manipulate the minds of people - owners of cryptocurrencies. It is enough for them to release a small negative news and present it in the right perspective, as everyone starts to panic and do rash actions.
This is until a certain time. After all, we know how whales are able to manipulate the minds of people - owners of cryptocurrencies. It is enough for them to release a small negative news and present it in the right perspective, as everyone starts to panic and do rash actions.
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Current China is the first in business policy in the world. No county in the world compete with them. They now want to know how to occupy the number one position in the economy. I think they are looking for a kind of strategy. They want to ban crypto and buy it again at a lower price. This the only reason for banning crypto in China.
Make sense, China spread negative issue, ban bitcoin and will buy at lower price.
I think China will accumulate.
I agree with this. China is the biggest economic, and thats economic strategy how to buy low.
Keep calm, we should hold our coins. Everything will be okay.
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The Chinese government wanted to make a big change in the bitcoin market and invest heavily in bitcoin But the Chinese government's ban on bitcoin has not changed much in the bitcoin market. Rather the bitcoin market has improved since the ban.
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The Chinese government wanted to make a big change in the bitcoin market and invest heavily in bitcoin But the Chinese government's ban on bitcoin has not changed much in the bitcoin market. Rather the bitcoin market has improved since the ban.
At the level of state organizations, a ban on the circulation of Bitcoin can stop all movements on this coin. But there are a huge number of crypto enthusiasts in China who earn money on the cryptocurrency market without leaving home. And thanks to them, the glorious path of cryptocurrency will continue.
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I can't understand China, why it always makes unexpected things in Cryptocurrency. The last news I read was that China banned all Cryptocurrency transactions there, fortunately this did not have a significant impact on changes in Crypto prices. Because it seems, people are tired of the news that is often published in China, which usually makes the price of Cryptocurrencies, especially Bitcoin, experience a big dump.
It's several time to happen. We always heard China banned bitcoin but I think investors from china still invest in bitcoin and crypto currency.
So , I don't care about this issue.
We keep calm and still do trading or investing.
It will go on.
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Current China is the first in business policy in the world. No county in the world compete with them. They now want to know how to occupy the number one position in the economy. I think they are looking for a kind of strategy. They want to ban crypto and buy it again at a lower price. This the only reason for banning crypto in China.
Make sense, China spread negative issue, ban bitcoin and will buy at lower price.
I think China will accumulate.
I agree with this. China is the biggest economic, and thats economic strategy how to buy low.
Keep calm, we should hold our coins. Everything will be okay.
An interesting idea, but it seems to me that the Chinese authorities are not interested in Bitcoin. They are now actively developing the digital yuan and they are focusing on it. Although if they manipulate the market in this way in order to buy cheap bitcoin, then they have outplayed everyone.
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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 (https://www.bbc.com/news/technology-58678907)
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?
It is very very hard to talk before Chinese actions because they announce many times but they actually did not do that as they said . china cover many news about BTC and cryptocurrency and sometimes this effect on BTC price and sometimes not but one thing we must not forget
That china is the largest economy country in the world and if china really bans BTC or digital currency then the effect will down all over the world so let's see what will happen in the next
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It is very very hard to talk before Chinese actions because they announce many times but they actually did not do that as they said . china cover many news about BTC and cryptocurrency and sometimes this effect on BTC price and sometimes not but one thing we must not forget
That china is the largest economy country in the world and if china really bans BTC or digital currency then the effect will down all over the world so let's see what will happen in the next
China once banned cryptocurrency, but whales took advantage of this news several times. And even if China completely prohibits cryptocurrency, this will only undermine confidence in it once, but then the situation will recover.
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It is very very hard to talk before Chinese actions because they announce many times but they actually did not do that as they said . china cover many news about BTC and cryptocurrency and sometimes this effect on BTC price and sometimes not but one thing we must not forget
That china is the largest economy country in the world and if china really bans BTC or digital currency then the effect will down all over the world so let's see what will happen in the next
China once banned cryptocurrency, but whales took advantage of this news several times. And even if China completely prohibits cryptocurrency, this will only undermine confidence in it once, but then the situation will recover.
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.
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The Chinese government imposed two bans on bitcoin mining bitcoin transactions, but this time the Chinese government's ban did not have much effect on the cryptocurrency market. The Chinese government wanted him The local currency will come to the market but after the declaration of Bitcoin as illegal, the popularity of the local currency among the people has decreased.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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?
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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.
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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.
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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.
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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.
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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.
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I think that the Chinese government does not need this kind of investment. They just follow their policy that prohibits the use of cryptocurrencies. And who is right, time will tell.
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For now maybe they ban cryptocurrency,
however I believe their country will accept crypto once they finalize the new system and regulations they want to implement.
Digital Yuan is a stable coin and I think we will be in such a trend one day. I'm still waiting for some updates on the information about Digital Yuan, because I don't think a country would ban transactions that would give them an advantage. for example, from tax proceeds trading and withdrawal fees from crypto to Yuan, this will increase the country's income and increase the value of the Yuan
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For now maybe they ban cryptocurrency,
however I believe their country will accept crypto once they finalize the new system and regulations they want to implement.
Digital Yuan is a stable coin and I think we will be in such a trend one day. I'm still waiting for some updates on the information about Digital Yuan, because I don't think a country would ban transactions that would give them an advantage. for example, from tax proceeds trading and withdrawal fees from crypto to Yuan, this will increase the country's income and increase the value of the Yuan
Most likely, China is working on the introduction of cryptocurrencies into the state financial system. So far, this is being done in test mode and all versions are being checked. China has the strongest economy in the world and they don't want to do the wrong thing and destroy everything. That is why there is such a cautious attitude towards cryptocurrencies.
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China banning bitcoin and cryptocurrency in all ramifications has been a recurring theme in crypto. It's even getting boring. But crypto always gets back to its feet all the time. This last time I loved it because I used the opportunity to fill my bags
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Cryptocurrency transactions will not stop within the borders of a particular country. Cryptocurrency will be much more popular worldwide. When the world approves cryptocurrencies,Then the government of any country will not be able to control cryptocurrency transactions even if it wants to. So the future of Crypto currency is good in every country. I think cryptocurrency control over China's approval or suspension will stop.
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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.
There are very few people like you. Basically, everyone believes in such posts, because they believe that since they publish it, it means that smart people are doing it. They may be smart, but they manipulate their consciousness to their advantage. Therefore, before taking any action, you need to think three times.
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The Chinese government definitely does not need cryptocurrency. They are not going to accumulate it. Regarding the financial system in their country, they have their own plans. The current ban on mining and the circulation of cryptocurrency is primarily due to the preparation for the official launch of its digitized yuan. The Chinese government does not want anything to hinder the circulation of the digitized yuan. Let's see how the digitized yuan will be perceived by the people. This will have a further impact on the cryptocurrency in this country.
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The Chinese government definitely does not need cryptocurrency. They are not going to accumulate it. Regarding the financial system in their country, they have their own plans. The current ban on mining and the circulation of cryptocurrency is primarily due to the preparation for the official launch of its digitized yuan. The Chinese government does not want anything to hinder the circulation of the digitized yuan. Let's see how the digitized yuan will be perceived by the people. This will have a further impact on the cryptocurrency in this country.
The appearance of a new coin at the state level in China will greatly affect the cryptocurrency market and all its participants. I think that at this stage they have a task to prevent the launch of the coin from being disrupted. And after it, it will be adapted with the world of cryptocurrencies.
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China banning bitcoin and cryptocurrency in all ramifications has been a recurring theme in crypto. It's even getting boring. But crypto always gets back to its feet all the time. This last time I loved it because I used the opportunity to fill my bags
I think It's not big problem, I heard several times about negative issue. China banned, other countries blocked. But crypto still going to up and more popular.
I don't think about negative issue, when crypto dump, I hold.
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However way this ban goes, the crypto player always win. How? If they truly ban it, of course the market sees red, and its time to fill your bags. If they adopt crypto, then the bulls take over and the player is happy
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I think that the Chinese government does not need this kind of investment. They just follow their policy that prohibits the use of cryptocurrencies. And who is right, time will tell.
It is now obvious that the Chinese government really had the intention to ban cryptocurrency in their country. Cryptocurrency has been banned in China as a possible competitor to the digitized yuan, which is officially launched into free circulation at the same time as the opening of the Winter Olympics. It remains to be seen how the digitized yuan will work and how people will perceive its appearance.
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A long time ago I noticed that various negative news did not start to influence the cryptocurrency market so much, of course, various negative and good news still affect the cryptocurrency market, but not like before, and therefore if China really will ban the use of cryptocurrencies in their country, then I think that the cryptocurrency market will not suffer so much from this, since the cryptocurrency market has already become very large.
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They are too shady on this. Yes although that they are banning their citizens, companies, financial institutions, banks, etc., from adopting cryptocurrencies because of their mindset that it’s a threat to the digital yuan, yet the government is still holding a lot of BTC. I think secretly they are purchasing more BTC and selling it for profit or so.
But I do believe in the change of heart though. If you look at India and Russia, back then they are set to ban crypto mining and trading and criminalize those who get caught holding or trading it. But right now? They’re regulating it instead which is a good move apart from a high tax rate.
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Keep calm, I think China just share negative issue to accumulate crypto.
Many whales from China, and I don't believe China will ban crypto forever.
Because their citizens are also investor of crypto currency.
It's just market strategy.
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I think that the Chinese government does not need this kind of investment. They just follow their policy that prohibits the use of cryptocurrencies. And who is right, time will tell.
It is now obvious that the Chinese government really had the intention to ban cryptocurrency in their country. Cryptocurrency has been banned in China as a possible competitor to the digitized yuan, which is officially launched into free circulation at the same time as the opening of the Winter Olympics. It remains to be seen how the digitized yuan will work and how people will perceive its appearance.
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.
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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.
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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.
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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 !!
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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.
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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 (https://www.bbc.com/news/technology-58678907)
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.
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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.
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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.