Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: UNIVERSE on November 17, 2021, 11:15:35 PM

Title: Old Issue is Raised again: China banned crypto mining, Now it’s cracking down on
Post by: UNIVERSE on November 17, 2021, 11:15:35 PM
We already have known that China banned cryptocurrency mining for some past time ago.
And one of the bad impact is now determined, it's cracking down on any holdouts.
It is done because although China has banned mining since last June, it seems that there are still many miners who are doing mining activities in that country.
It means that the government may make more strict regulation and action.
And the question is, why when the price of Bitcoin is started to rise up, China issue about ban will be always raised up?
Well, it seems that there is some certain hidden goal why this is set at the same time.
Title: Re: Old Issue is Raised again: China banned crypto mining, Now it’s cracking down on
Post by: Prime on November 23, 2021, 11:19:28 PM
Negative issues will be always raised by certain parties for certain goals. Moreover Issues related to China. This is a big country. The influence is very big to make the crypto market drop. But believe that this issue will leave soon.
Title: Re: Old Issue is Raised again: China banned crypto mining, Now it’s cracking down on
Post by: UNIVERSE on November 23, 2021, 11:49:12 PM
Quote from: Prime on November 23, 2021, 11:19:28 PM
Negative issues will be always raised by certain parties for certain goals. Moreover Issues related to China. This is a big country. The influence is very big to make the crypto market drop. But believe that this issue will leave soon.
Haha you are right, man.
And now the issue is like disappearing.
We can see how mining always becomes problem to crypto. That is why this issue is always raised.
As long it doesn't give really big impact to market, hopefully this doesn't matter