China may have a loss end in it's anti crypto stand.

[Bobcrypto]

Funny how many of us thinks we can do better with a country's financial economy when we're not in the position to do so. You can laugh all you want about their policies but they should know what they are doing. Trump adding BTC to the US federal reserves or El Salvador doesn't mean they have advantage over other countries like China.

You think they care about the economeis of those countries?
No, they think only about the price and China buyign Bitcoin would increase that by a huge margin, that's all.
Salvador had for 3 consecutive years the lowest economic growth in Central America, how has crypto helped them as a nation? 

Bitcoin can actually help Elsalvado's growth economically. Now, lets understand "PER capita income" .
if Elsalvado's decides to engage it's Bitcoin returns into productions of goods and services, you may agree with me that it will add to the "Per Capita Income" of its citizens over times.
However, Elsalvado Bitcoin purchased years ago might have yields some returns but not yet sold, because the president plans to hold btc for a long term.

[target]

Funny how many of us thinks we can do better with a country's financial economy when we're not in the position to do so. You can laugh all you want about their policies but they should know what they are doing. Trump adding BTC to the US federal reserves or El Salvador doesn't mean they have advantage over other countries like China.

You think they care about the economeis of those countries?
No, they think only about the price and China buyign Bitcoin would increase that by a huge margin, that's all.
Salvador had for 3 consecutive years the lowest economic growth in Central America, how has crypto helped them as a nation? 

Bitcoin can actually help Elsalvado's growth economically. Now, lets understand "PER capita income" .
if Elsalvado's decides to engage it's Bitcoin returns into productions of goods and services, you may agree with me that it will add to the "Per Capita Income" of its citizens over times.
However, Elsalvado Bitcoin purchased years ago might have yields some returns but not yet sold, because the president plans to hold btc for a long term.

We don't know yet what will happen in the future but we can see there are instability everywhere even in US so what can BTC do for a country like BTC in US as Bitcoin reserve for Trump?  Maybe it's the only currency that no government or centralise system that could block a transaction.

There is yet no forseable event that will occur but because he started economic war, I think Bitcoin will play a role while they are trying to block trade routes.

[Freemind]

We don't know yet what will happen in the future but we can see there are instability everywhere even in US so what can BTC do for a country like BTC in US as Bitcoin reserve for Trump?  Maybe it's the only currency that no government or centralise system that could block a transaction.

There is yet no forseable event that will occur but because he started economic war, I think Bitcoin will play a role while they are trying to block trade routes.

Bitcoin can do it all in that sense. As we know, transactions cannot be blocked, and that will be the cornerstone when the different economic disputes between countries begin to escalate. Precisely for this reason Trump announced a strategic reserve of Bitcoin that should theoretically begin to be managed very soon, and it is very likely that other countries are doing so without saying so publicly. Now there is a lack of countries that follow the United States and also want to have their own reserves. The game of governments and reserves has only just begun.

[Bobcrypto]

I hope that people who believe that one day China will change their stance about BTC will forget about that, because i do not think that it will happen. China will not 'accept' BTC, though what this news is talking about is the same thing many countries are doing, which to put in one word is regulation, though some are stricter than the other.

Well, change is constant, and no condition is permanent. The future hold a lot for mankind, and i am sure that some decision can be adjusted no matter how strick China's stand on crypto may be, a new government regime in the future may see crypto in a different way.
Funny enough, the seized Bitcoin by the Chinese governments are for what purposes? Are they going to be a gift to charity or meant for sale in the future, or used for something? In my opinion, if China is truly doing away with everything about crypto, they should refound the seized Bitcoin to the owners, and then can permanently ban Bitcoin.

[Stompix]

Funny how many of us thinks we can do better with a country's financial economy when we're not in the position to do so. You can laugh all you want about their policies but they should know what they are doing. Trump adding BTC to the US federal reserves or El Salvador doesn't mean they have advantage over other countries like China.

You think they care about the economeis of those countries?
No, they think only about the price and China buyign Bitcoin would increase that by a huge margin, that's all.
Salvador had for 3 consecutive years the lowest economic growth in Central America, how has crypto helped them as a nation? 

Bitcoin can actually help Elsalvado's growth economically. Now, lets understand "PER capita income" .
if Elsalvado's decides to engage it's Bitcoin returns into productions of goods and services, you may agree with me that it will add to the "Per Capita Income" of its citizens over times.
However, Elsalvado Bitcoin purchased years ago might have yields some returns but not yet sold, because the president plans to hold btc for a long term.

No, we don't need to understand per capita income when the clear indicator is that economic growth is lagging.
The thing is that Bitcoin or not Bitcoin they had the lowest GDP growth of that whole region, meaning that them, one of the poorest of all are also performing worse than their neighbours.
Anyhow, Bukele has thrown the towel already and started begging on all fours like a dog to the IMF, his fans need a reality check.

[mohdelayo]

Personally, I have always wondered why a nation as huge, strong and popular as China will always be in the forefront when it comes to clamping down on Bitcoin and altcoins. Of course, Bitcoin has always been a threat to the central banks and this kind of news isn't new from China, hence why their policies are always against the technology, and it host of other affiliated solutions. In my personal opinion, the people in that part of the world are not deterred by these unfriendly policies because they are increasingly engaging in trading and investing in bitcoin and altcoins.

[Bobcrypto]

I hope that people who believe that one day China will change their stance about BTC will forget about that, because i do not think that it will happen. China will not 'accept' BTC, though what this news is talking about is the same thing many countries are doing, which to put in one word is regulation, though some are stricter than the other.

Many of these Nations titening rules against Btc may just be doing it because other notable Nation are doing the same. For example, when some of these Nation heard of CBDC, many jumps onto it because they want to control their citizens transactions, unfortunately, as many of the people on these countries realize that CBDC is Centralized, and it meant to control their finances, they dumped CBDC.  Unfortunately everything about CBDC has ceased because everyone wants financial freedom which Bitcoin has offered to it's community of users.
As a matter of facts, just like I said, everyone wants financial freedom, many these nations does not want this freedom to exist, hence there is always attempts to ban or strive for regulatoins at the detriment of users.
Moreover, my opinion remains that the Chinese stands on Bitcoin will definitely have some Loss end in the future.

[LogitechMouse]

Personally, I have always wondered why a nation as huge, strong and popular as China will always be in the forefront when it comes to clamping down on Bitcoin and altcoins. Of course, Bitcoin has always been a threat to the central banks and this kind of news isn't new from China, hence why their policies are always against the technology, and it host of other affiliated solutions. In my personal opinion, the people in that part of the world are not deterred by these unfriendly policies because they are increasingly engaging in trading and investing in bitcoin and altcoins.

They hate things that they can't control. At least that's what I know when it comes to the CCP that's why they have this kind of stance.

The problem though is that, despite the ban of Bitcoin to be used in China, there are still mining farms that are running, and for me, this just shows that the stance of the CCP isn't enough for the people to stop from using or even mining Bitcoin. TBH, we don't care about China and its stance about crypto anymore. I mean if we are still in 2017 then yes it might have a huge impact, but investors now are more intelligent, and they don't care about them.

Let's just focus in making money and there will be a time in the future where the Chinese government will realize that their approach crypto is wrong, and they could've made more money by not letting it banned.

[bitterguy28]

They hate things that they can't control. At least that's what I know when it comes to the CCP that's why they have this kind of stance.

it is very obvious it is not just bitcoin that they do not like so many other things that is not created by them, not operated by them, or not controlled by them they ban in their country this is why for every single thing the rest of the world is using they have a counterpart of it in their country most likely they are just going to release their own coin if they are to get into cryptocurrency

TBH, we don't care about China and its stance about crypto anymore. I mean if we are still in 2017 then yes it might have a huge impact, but investors now are more intelligent, and they don't care about them.

you say this but i know that if china announces they are to buy bitcoin, the price of bitcoin is going to rise once again we do not need china to convince us to buy bitcoin however if they were to get into crypto it will further solidify bitcoin's place in the world and it would prove a lot of critics wrong

[Gposas]

Personally, I have always wondered why a nation as huge, strong and popular as China will always be in the forefront when it comes to clamping down on Bitcoin and altcoins. Of course, Bitcoin has always been a threat to the central banks and this kind of news isn't new from China, hence why their policies are always against the technology, and it host of other affiliated solutions. In my personal opinion, the people in that part of the world are not deterred by these unfriendly policies because they are increasingly engaging in trading and investing in bitcoin and altcoins.

The China government knows what they're pursuing and preventing with their policies against BTC and crypto at large. They still try ceasing some of these Bitcoins they term illegal and probably reserve them too when they term to stand against it.
But it is still observed that there are still some of the Chinese citizens that are still a lover of the Crypto world and also engage in crypto related activities.
I just hope with time, their eyes will open to embrace it rather than fighting it.

TBH, we don't care about China and its stance about crypto anymore. I mean if we are still in 2017 then yes it might have a huge impact, but investors now are more intelligent, and they don't care about them.

you say this but i know that if china announces they are to buy bitcoin, the price of bitcoin is going to rise once again we do not need china to convince us to buy bitcoin however if they were to get into crypto it will further solidify bitcoin's place in the world and it would prove a lot of critics wrong

You may be right here mate, the positive reaction of China to BTC will cause a price surge and also they'll also want to make something new in the Crypto industry in relationship to their economy just like the US.
Meanwhile, the negative policies of the China Government wouldn't shake anything anymore since it is no more something new to most crypto enthusiasts

[Freemind]

They hate things that they can't control. At least that's what I know when it comes to the CCP that's why they have this kind of stance.

The problem though is that, despite the ban of Bitcoin to be used in China, there are still mining farms that are running, and for me, this just shows that the stance of the CCP isn't enough for the people to stop from using or even mining Bitcoin. TBH, we don't care about China and its stance about crypto anymore. I mean if we are still in 2017 then yes it might have a huge impact, but investors now are more intelligent, and they don't care about them.

Let's just focus in making money and there will be a time in the future where the Chinese government will realize that their approach crypto is wrong, and they could've made more money by not letting it banned.

Any government of any country in the world hates, rejects or prohibits everything that they cannot control, in that sense there are no borders or difference of opinions. What the Chinese government did a few years ago with the ban on Bitcoin and cryptocurrencies in general was a hard blow for the market and also for many investors, but it is at that point that we must think. Does anyone really believe that Bitcoin has disappeared from China? The answer is no, in fact, it continues to be mined, and that brings us to the next question.  Do these mining farms have permission from the Chinese government to mine?. Probably yes. So who stores the mined Bitcoins?...

[Stompix]

Does anyone really believe that Bitcoin has disappeared from China? The answer is no, in fact, it continues to be mined, and that brings us to the next question.  Do these mining farms have permission from the Chinese government to mine?. Probably yes. So who stores the mined Bitcoins?...

China is complicated, it's not so easy to get and it's not that much conspiracy territory anyhow.
You're allowed in China to do a lot of things that are bad, like sewer oil, tofu construction, and almost slave labor, but you have to keep a low profile, and nobody will deal with you until it either comes to the attention fo the public or the government thinks it's a problem.

Mining was banned in China because it posed a problem for the Northern Mongolian grid, it was a shitton of coal power mining being done outside the monsoon season, so they saw a problem, saw that the government isn't earning a penny, and they went after the big guys with millions of kwh consumption. Nobody hunted the mining farms, they don't care about them but try to push the limits and you're going to get in trouble.
While this might work for mining, no, Bitcoin usage is dead, that's a red line nobody wants to cross.

Bitdeer and Bitmain moving to the US and increasing their capacity there is proof there is no turning back for China to allow huge mining projects anytime soon.

[Freemind]

China is complicated, it's not so easy to get and it's not that much conspiracy territory anyhow.
You're allowed in China to do a lot of things that are bad, like sewer oil, tofu construction, and almost slave labor, but you have to keep a low profile, and nobody will deal with you until it either comes to the attention fo the public or the government thinks it's a problem.

Mining was banned in China because it posed a problem for the Northern Mongolian grid, it was a shitton of coal power mining being done outside the monsoon season, so they saw a problem, saw that the government isn't earning a penny, and they went after the big guys with millions of kwh consumption. Nobody hunted the mining farms, they don't care about them but try to push the limits and you're going to get in trouble.
While this might work for mining, no, Bitcoin usage is dead, that's a red line nobody wants to cross.

Bitdeer and Bitmain moving to the US and increasing their capacity there is proof there is no turning back for China to allow huge mining projects anytime soon.

The magic words in this case are "anytime soon". It must be taken into account that everything that happened in China regarding Bitcoin could change in a very short time since Trump started talking about the strategic reserve of Bitcoin. Countries like Switzerland, Germany or Brazil (although there are actually more countries interested) took little time to put a plan on the table to create their own strategic reserve, and that is something that China could also be doing even if it is not talked about publicly. I don't think China is losing or out of the race, but I think they are smarter and more cautious.

There is much more information about the countries interested in this article: Nations States Turn To Bitcoin As A Strategic Reserve Asset.