I don't know how many times i read this news, i think almost every year i seeing news about China bans bitcoin.
Even tough china keep doing this, i think at the end they still can't stop bitcoin to growth.
Topic: China bans Bitcoin again in 2021 - page 2. (Read 1773 times)
In some countries there is no law on bitcoin while in many countries bitcoin transactions are legal. But regulators economists and other stakeholders around the world have warned that investing in cryptocurrencies is risky as their prices rise and fall sharply china usually wants everything under their control china noted that crypto transactions are not protected by law meaning money investors are liable for any crypto losses. The crypto exchange service with fiat yuan and foreign currency remains illegal in china.
China is closed economy for the world but china want to do business in every country of the world. China controls the crypto market and its funny that they have banned crypto in their own country. Nonetheless take this as buying opportunity. Remember 2017 DIP? BTC went up to its ATH after that in Dec 2019.
Opportunity wise, this news brings down bitcoin but knowing the nature of chinese mindsets, they are good in playing with
the economy, whatever they are really planning won't last long,
there are still people who will continue to support bitcoin despite of this news from China, history will keep repeating itself
just need a stron holders to play.
They need to come up with some new idea and new fud to bring the bitcoin price down. We are tired hearing the same fud of china ban bitcoin over and over again. The holders will never sell bitcoin because of these fuds but there are many new investors in bitcoin who always panic on such news.
I don’t think you need to panic. As early as a few years ago, China banned Bitcoin mining and issued other token projects, but they only had a short-term impact on Bitcoin, but soon btc It has returned to its original position, and this time just banned the mining of Bitcoin, which does not mean that the transaction is banned.
Exactly, people always find this news too concerning when in the grand scale of things, it doesn't have any sort of long lasting effect plus bitcoin mining will just be moved to other countries if the ban is a permanent one.
It has a long-lasting effect. The last bear market took almost 3 years before it rises again, it affected the lives of those who lose money. The effect today isn't very dreadful since BTC still is more than $35k but if it goes below $20k it will be horrifying to all. Luciky other fuds are already handled. Google even allows cryptocurrency ads unlike before when they all together ban including twitter and facebook along with the bear market.
For those who went in at over $60k it still feels bad. Ok it is not as hard as we have seen during the last bear market, but the risk that Bitcoin does not recover fully increases with its rising price. When it was $20k and fell to $5k I still saw a good chance for it to make a come back, but the real question is where is a potential limit for that asset? If we compare it with gold chances are still good it will go way beyond $65k, but we might be talking years again.
China is closed economy for the world but china want to do business in every country of the world. China controls the crypto market and its funny that they have banned crypto in their own country. Nonetheless take this as buying opportunity. Remember 2017 DIP? BTC went up to its ATH after that in Dec 2019.
It has a long-lasting effect. The last bear market took almost 3 years before it rises again, it affected the lives of those who lose money. The effect today isn't very dreadful since BTC still is more than $35k but if it goes below $20k it will be horrifying to all. Luciky other fuds are already handled. Google even allows cryptocurrency ads unlike before when they all together ban including twitter and facebook along with the bear market.
It is in the bear market after the 2016-2017 bull market. We are in the 2020-2021 bull market and will not see another 3 years for this bear. It is a temp bear market before a new run for bull.China bans and cancel bans multiple times.
I believe that will be a better option for Bitcoin so that we don't continue to get into this position of thinking the market will crash reacting to such kind of news from China. We really need diversification in this part of the Bitcoin ecosystem so that one country doesn't believe they control mining.
If you don't see fud that dumps the price, you will not see positive news to bring the price up.Bad news and fud from China make Bitcoin crashed and in the future good news from China will help Bitcoin to recover. Stay tuned for good news.
I don’t think you need to panic. As early as a few years ago, China banned Bitcoin mining and issued other token projects, but they only had a short-term impact on Bitcoin, but soon btc It has returned to its original position, and this time just banned the mining of Bitcoin, which does not mean that the transaction is banned.
Exactly, people always find this news too concerning when in the grand scale of things, it doesn't have any sort of long lasting effect plus bitcoin mining will just be moved to other countries if the ban is a permanent one.
I don’t think you need to panic. As early as a few years ago, China banned Bitcoin mining and issued other token projects, but they only had a short-term impact on Bitcoin, but soon btc It has returned to its original position, and this time just banned the mining of Bitcoin, which does not mean that the transaction is banned.
Exactly, people always find this news too concerning when in the grand scale of things, it doesn't have any sort of long lasting effect plus bitcoin mining will just be moved to other countries if the ban is a permanent one.
It has a long-lasting effect. The last bear market took almost 3 years before it rises again, it affected the lives of those who lose money. The effect today isn't very dreadful since BTC still is more than $35k but if it goes below $20k it will be horrifying to all. Luciky other fuds are already handled. Google even allows cryptocurrency ads unlike before when they all together ban including twitter and facebook along with the bear market.
I don’t think you need to panic. As early as a few years ago, China banned Bitcoin mining and issued other token projects, but they only had a short-term impact on Bitcoin, but soon btc It has returned to its original position, and this time just banned the mining of Bitcoin, which does not mean that the transaction is banned.
Exactly, people always find this news too concerning when in the grand scale of things, it doesn't have any sort of long lasting effect plus bitcoin mining will just be moved to other countries if the ban is a permanent one. 
This becomes the beginning of a long correction. Actually I was surprised by this, when china bans crypto it happened in the year before it, 2018 also happened but why now they remain panicked? Everyone should have experienced this and stayed relaxed about it, I believe it. There's no need to be very afraid to deal with that. The market will recover soon.
I don’t think you need to panic. As early as a few years ago, China banned Bitcoin mining and issued other token projects, but they only had a short-term impact on Bitcoin, but soon btc It has returned to its original position, and this time just banned the mining of Bitcoin, which does not mean that the transaction is banned.
The price of bitcoin is still shrinking up, falling more than 11% after China redoubled efforts to prevent speculative and financial risks by cracking down on mining and trading of the cryptocurrency. China's Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as an asset that needs to be further regulated. Since hitting an all-time high of $65,000 in mid-April, bitcoin has fallen about 45%. In fact, the price has dropped about 28% so far this week.
China's statement is very risky and this is the umpteenth time, which tightens the ban on banks and payment companies providing crypto-related services so that the reason is China's efforts to eradicate speculation and fraud in virtual currencies but why is all happening when bitcoin reaches such a high level as in the previous 2017-2018; is there some other reason..!?
China's statement is very risky and this is the umpteenth time, which tightens the ban on banks and payment companies providing crypto-related services so that the reason is China's efforts to eradicate speculation and fraud in virtual currencies but why is all happening when bitcoin reaches such a high level as in the previous 2017-2018; is there some other reason..!?
This kind of sentiment is frequently happen. Sometimes I feel that it was made on purpose. Actually I also pay attention to the other news that not related to cryptocurrency such as trade war between US and China, pandemic and etc. Which in turn it has a positive impact to Gold market, Stocks market, bitcoin market and etc. So sometimes I think that the investors capital is move around those market. Anyway that is just my imagination. In dealing with China ban Bitcoin, I think what we only need to do is keep believe that bitcoin will be more popular because it has more advantage than fiat and other digital payment method. Just hold Bitcoin for long term, many people become richer only because holding bitcoin for long term. But since I also trying to do trading then I prefer like to follow the market trend, by this way I earned enough profit from trading.
China recently warned people about cryptocurrency investments. Then, does it mean that they haven't banned them actually? If it does, why did they manipulate the market? I'd like to repeat it again that I really don't understand the government of this country. 
Funny thing is that we don’t even know who to blame on this issue any longer, some people have been blaming it on Elon for likely selling his Bitcoins. But at then same time there is doge coin that he has been supporting which had also crashed alongside bitcoin by over 20%.. Anyways like a lot of people have said here, it’s not like all these things were never going to happen, they happened before and since this market is a volatile market it was sure to repeat itself. I just don’t get why these people are always doing this kind of thing, is it that they are confused or what? They will ban Bitcoin and then later they will say that it is no longer banned and is now legal, only to come back and place a ban on it again,? That’s really bad.
Playing is what they've called it up, they are riding with the popularities and they've wanted to have an edge over those people who are already involved to this market,
It's bad to see that those people who once loves bitcoin are now calling their support out because of certain situation like this, we have to
admit that in this volatile market timing is very important.
Not always you'll going to see that your investment will continue to win over the trend, there's time and situation that change the direction and have a huge impact to the industry, some example are China and Musk.
China recently warned people about cryptocurrency investments. Then, does it mean that they haven't banned them actually? If it does, why did they manipulate the market? I'd like to repeat it again that I really don't understand the government of this country.
Funny thing is that we don’t even know who to blame on this issue any longer, some people have been blaming it on Elon for likely selling his Bitcoins. But at then same time there is doge coin that he has been supporting which had also crashed alongside bitcoin by over 20%.. Anyways like a lot of people have said here, it’s not like all these things were never going to happen, they happened before and since this market is a volatile market it was sure to repeat itself. I just don’t get why these people are always doing this kind of thing, is it that they are confused or what? They will ban Bitcoin and then later they will say that it is no longer banned and is now legal, only to come back and place a ban on it again,? That’s really bad.
China recently warned people about cryptocurrency investments. Then, does it mean that they haven't banned them actually? If it does, why did they manipulate the market? I'd like to repeat it again that I really don't understand the government of this country.
Maybe this time China banned Bitcoin for real. Today they launched a batch of the most influential crypto-related Weibo accounts. This will likely reduce the motivation of Chinese people to invest in Bitcoin in the future. Today we recorded a drop in the price of Bitcoin, possibly because of this news.
https://coingape.com/breaking-chinas-twitter-weibo-bans-large-number-crypto-accounts/
https://coingape.com/breaking-chinas-twitter-weibo-bans-large-number-crypto-accounts/
Look the News Says "China Bans Bitcoin again"... Wait for another month.. News will said it again: China Bans Bitcoin. , wait for another few months.. You will see this News every time. I though they banned Bitcoin last 2016? They are fooling people.
Everyone also knows that China is the largest mining center in the world. What if they ban it will certainly have an impact on the economy there too. what they are more afraid of is moving to a neighboring country that might be able to accommodate what they want.
Sometimes I dont believe anymore in the news. imagine China bans Bitcoin for 3-5times. Whats the truth.
what you are saying is the fact that this has happened and news like this has happened several times and has not seen a significant impact on miners in china until now and is still running as usual.Everyone also knows that China is the largest mining center in the world. What if they ban it will certainly have an impact on the economy there too. what they are more afraid of is moving to a neighboring country that might be able to accommodate what they want.
Sometimes I dont believe anymore in the news. imagine China bans Bitcoin for 3-5times. Whats the truth.
what you are saying is the fact that this has happened and news like this has happened several times and has not seen a significant impact on miners in china until now and is still running as usual.Everyone also knows that China is the largest mining center in the world. What if they ban it will certainly have an impact on the economy there too. what they are more afraid of is moving to a neighboring country that might be able to accommodate what they want.
Sometimes I dont believe anymore in the news. imagine China bans Bitcoin for 3-5times. Whats the truth.
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