China want to ban or want to accumulate crypto?

[owlest]

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.

[Gvent]

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.

[Cinno3]

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.

[Beattysuhita]

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.

[ranaprime]

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.

[Gvent]

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.

[dekafee79]

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.

[Nikawe]

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.

[Gvent]

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.

[nakmantu99]

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.

[owlest]

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.

[Pitter]

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?

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

[owlest]

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.

[Hometown]

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.

[Hometown]

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.