Despite the ban, China selling seized crypto to top up coffers as economy slows

[yhiaali3]

However, it would be unfair to say that they are the only ones who commit crimes against people who oppose them, some countries that call themselves great democracies also do things that are inhumane and unjust. All of these countries have one thing in common, and that is that they dislike BTC to the point of banning it completely, to the point of only seemingly approving it while on the other hand doing everything they can to dissuade people from having anything to do with it.

I agree with you on every word. I used almost the same expression in a Bitcoin Talk thread where I wrote, "Authoritarian countries and countries that claim to be democratic agree on one thing: they hate Bitcoin."

In fact, I personally don't believe there are truly democratic countries. All systems of government are essentially the same, but their methods differ only. Authoritarian countries practice injustice against human rights openly, while Western countries practice the same thing in secret and under different legal pretexts. Even the most heinous racist crimes can be legally justified or covered up by the media, distorting the truth.

[bayu7adi]

I don't expect China to sell all of its Bitcoin, and even if it did, I don't think it would impact the market, as they are doing so secretly and outside the market. Since the sale is taking place outside the market, it won't directly impact the price of Bitcoin.

Do you mean this happens p2p with an agreement rate between both parties only??? It's interesting to be able to sell with this scheme... but surely one of the buyers and sellers will give in for the sake of a successful transaction, because there is a more valid market reference while each business actor also thinks about profit and loss... so it seems that it can still happen without affecting the market....

However, the problem is when the recipient of BTC from China starts selling their BTC on the market, it will make the market conditions red for a while....

[Faisal2202]

China is also the second number of largest bitcoin users in cryptocurrency world. So i believe that if in this situation china people’s ban bitcoin,  i believe that it must be a large threat for cryptocurrency world.  We obviously know that china government ban bitcoin and selling seized crypto, i think that it must be bad effect for there country. I think that trump donald Trump's tariffs is also very responsible for this situation. But i believe that within a shot time china government solve this problem.

I am sorry, but I did not get what you just said, as If China people ban crypto, and the government has already banned it, what does it mean?

Speaking of DT to do with this, that's true, due to DT China is facing problems, on social media they are representing themselves like they don't care but I think they do care and this way they are facing many problems, I have seen their president meetings with the CEOs of top companies and they are meeting with many countries to tackle this. In short they might be selling BTC to stable the economy which is illogical to think, so they might be dealing with other countries in BTC as they are selling them offshore.