If China soon welcomes crypto: strong bullrun?

[yohananaomi]

Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.

Yes, we often hear that news, news that discusses China banning crypto currency.  Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it.  Whether China supports or rejects Bitcoin will not have much influence.  That's my opinion, because I'm also tired of discussing it like you said.

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

[NotATether]

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

China in particular will never allow Bitcoin and most other cryptocurrencies because they can't control it.

They can control their own local internet, which is why many websites are blocked and the ping time from China to the rest of the world is absolutely terrible.

They can control who does business in their country, which is how many western corporations have been blocked from entering there.

But because Bitcoin cannot be controlled by a 3rd party entity, they banned payments by it. This is not the case with CDBCs, so I think they will allow those.

[Gurujebs]

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

I'm not sure if Hong Kong speaks for the rest of China. That country is very big in the sense that you will have to combine some modern countries to get their total population, this is why I'm not too convince about crypto restructure in China Town. The news that has been spreading around looks more like ETF adoptions and the rest but I'm not sure if they want to see Crypto.

If there is going to be growth of crypto in China, they have to allow free expression of Bitcoin like allow free mining and allow people to buy and sell real Bitcoin without any restrictions, this is what will gives investors a confidence in the government and Bitcoin.

[yohananaomi]

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

China in particular will never allow Bitcoin and most other cryptocurrencies because they can't control it.

They can control their own local internet, which is why many websites are blocked and the ping time from China to the rest of the world is absolutely terrible.

They can control who does business in their country, which is how many western corporations have been blocked from entering there.

But because Bitcoin cannot be controlled by a 3rd party entity, they banned payments by it. This is not the case with CDBCs, so I think they will allow those.

The main reason why Bitcoin is not allowed in China is that mining damages China's ecosystem, but it could also be because they cannot directly control Bitcoin. Meanwhile, we know that China feels that they want to be able to control what they want and this clashes with Bitcoin, so naturally, they refuse and always try to make their own so that there is direct control over what they do.
We are not surprised that China currently uses everything with its own system and is not stuck with what is usually done in general, because they want to be able to control it.
But we are waiting for further news about Bitcoin in the future, whether there will be any changes, and whether it will still be banned.

[Kemarit]

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

I'm not sure if Hong Kong speaks for the rest of China. That country is very big in the sense that you will have to combine some modern countries to get their total population, this is why I'm not too convince about crypto restructure in China Town. The news that has been spreading around looks more like ETF adoptions and the rest but I'm not sure if they want to see Crypto.

No they don't, and even though HK is now a separate entity form Mainland, still though there are a big influence by the China government in Hongkong. But Hongkong is really trying to be sort of independent from China that's why they made a bold move of approving the first Bitcoin ETF in Asia if I'm not mistaken.

If there is going to be growth of crypto in China, they have to allow free expression of Bitcoin like allow free mining and allow people to buy and sell real Bitcoin without any restrictions, this is what will gives investors a confidence in the government and Bitcoin.

China's regime is authoritative per definition, still one of the oldest Communism government that still exist. So the basic tenent of giving financial freedom to it's population is non-existent.

[Captain Corporate]

I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.

[doc]

I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.

Talking about big countries like you mentioned China, US and Russia, we don't know whether they actually use Bitcoin or not. because we know that bitcoin is a digital currency, the technology is very safe and it is difficult to check who it really belongs to, as its creator is still anonymous to this day. Especially in countries that are at war, perhaps their citizens will also start turning to crypto to store their assets.

[milewilda]

I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.

Talking about big countries like you mentioned China, US and Russia, we don't know whether they actually use Bitcoin or not. because we know that bitcoin is a digital currency, the technology is very safe and it is difficult to check who it really belongs to, as its creator is still anonymous to this day. Especially in countries that are at war, perhaps their citizens will also start turning to crypto to store their assets.

These countries neither big or small, it wont really that matter.Why? whether they would be banning it, come to know that we do have tons of countries which could accept pr adopt Bitcoin.
China is big, we've seen on how it did affect the market on the moment that it did make some ban but those dips has been eaten up onver a period of time on which
this do simply means that the market wont really be caring at all when it comes to sentiments like this. They can ban all they want but the entire Bitcoin community
wont really care at all.

[Baofeng]

I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.

It's different though with China, as compare to US who wants to go to war because they believed that they are doing a good deed, i.e. war on Iraq about WMD wherein there's none. China is too intelligent and if they are going to war, it will be against smaller countries in Asia, like the Philippines because of the tension in the West Philippine Sea.

And their government are against Bitcoin in the last couple of years. Just because other countries are into it, that they will go and embrace Bitcoin. The government doesn't want their people to enjoy it and so they will do everything they can to stop the surge on Bitcoin.

[pieppiep]

I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.

Talking about big countries like you mentioned China, US and Russia, we don't know whether they actually use Bitcoin or not. because we know that bitcoin is a digital currency, the technology is very safe and it is difficult to check who it really belongs to, as its creator is still anonymous to this day. Especially in countries that are at war, perhaps their citizens will also start turning to crypto to store their assets.

They are countries with very strong economies, but we all know that when talking about the digital currency Bitcoin, many people in each country already know about it. If you talk about Bitcoin owners, let them remain anonymous because that way it will make people more curious about Bitcoin and will still buy Bitcoin whatever the price. War can make us consider the price of Bitcoin collapsing, because when a big war occurs it will make all the internet black out and all technology will die and will replace all digital assets into physical currency or gold that can be used without having to have electricity or internet.

[Rubel007]

Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.

Yes, we often hear that news, news that discusses China banning crypto currency.  Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it.  Whether China supports or rejects Bitcoin will not have much influence.  That's my opinion, because I'm also tired of discussing it like you said.

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

I don't think China will allow crypto usage anytime soon. Because they cannot control it. But if they don't embrace crypto the way the world is supporting it, they'll be left behind. Currently, China is at the leading position in the world in terms of economy, military and technology. They first supported crypto then again they restricted the use of crypto. If they don't support crypto in their country at this point, they will be left behind in this space. And since China is a country with a huge population, any positive news from that country will have a big effect on the crypto space.

[yohananaomi]

Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.

Yes, we often hear that news, news that discusses China banning crypto currency.  Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it.  Whether China supports or rejects Bitcoin will not have much influence.  That's my opinion, because I'm also tired of discussing it like you said.

As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.

I don't think China will allow crypto usage anytime soon. Because they cannot control it. But if they don't embrace crypto the way the world is supporting it, they'll be left behind. Currently, China is at the leading position in the world in terms of economy, military and technology. They first supported crypto then again they restricted the use of crypto. If they don't support crypto in their country at this point, they will be left behind in this space. And since China is a country with a huge population, any positive news from that country will have a big effect on the crypto space.

It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.

[MrSpasybo]

It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.

The Chinese government's actions are really confusing and are causing a lot of confusion for the crypto community. We see Hongkong experimenting with crypto, we see the adoption of crypto by Chinese investors, and most recently, ICBC has praised BTC and ETH as valuable financial assets. This cannot be done without the permission of the Chinese government, we all know how strict the laws are in China.

In the meantime, we have not seen any announcements or statements from the Chinese government on their views on crypto. I believe they are being cautious but also rushing not to be left behind in the crypto wave. China once said that it was only interested in blockchain technology, but blockchain cannot exist without crypto. The positive scenario is that China will accept crypto right in this bull run and we will see BTC conquer the $250k price zone

• World’s largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets

[doc]

It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.

If the experiment in Hong Kong is successful, of course it will make other countries follow suit, crypto, especially bitcoin, is very popular now. Even though no one can control Bitcoin, we know Bitcoin is progress that we must accept, no one can reject technological progress.

[pieppiep]

It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.

If the experiment in Hong Kong is successful, of course it will make other countries follow suit, crypto, especially bitcoin, is very popular now. Even though no one can control Bitcoin, we know Bitcoin is progress that we must accept, no one can reject technological progress.

It's still too soon to decide whether what Hong Kong is doing is successful or not because this cryptocurrency has to be tested and it takes quite a long time. So far the circulation of Bitcoin is still quite free and there are still several countries that prohibit the use of Bitcoin in their countries. Bitcoin is a digital currency technology whose use is increasing from year to year due to the influence of limited supply. So don't be afraid when you want to buy Bitcoin because the price will definitely increase even more.