China bans Bitcoin again in 2021 - page 7.

michellee

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Quote from: elisabetheva on May 21, 2021, 12:15:19 AM

what you say is something that should be understood and owned by everyone who wants to join crypto. because what you say is true, that even though bad news will always affect the movement of bitcoin but there are times it may not shake bitcoin and keep increasing. So it just depends on the situation and the bad news.

but the most important thing is where there is a good side with this correction, providing an opportunity for those who have not had the opportunity to have bitcoin to have it at the current price drop. because opportunities like this might be hard to find.

always have to believe that bitcoin will be able to get through something like this, because bitcoin is used and able to get back up because there are still many who need bitcoin and will continue to buy and make an attractive investment. what you are saying is the truth that bad news can be bad news for those who do not believe that bitcoin will ever increase again. they will never have another chance like this.

Indeed. It is a chance for people out there to buy bitcoin at a low price. Although $30k is not cheap for most people but they can still buy bitcoin fraction by fraction. So that can not stop people to buy bitcoin with small money continuously. The correction gives a chance for bitcoin to get more support from the people who bought bitcoin, giving bitcoin more opportunities to increase step by step in the future.

Believing in bitcoin will be necessary if people want to invest in bitcoin and not panic if the price is down like today because bitcoin is not weak as they thought and when the right time comes, bitcoin price will increase and will break the high price.

dongyi17

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I guess China's banning Bitcoin again is another way of their strategic plans, Bitcoin is gaining popularity among all countries and is gaining their trust and making hit in the market, a lot wealthy people are investing to it and because of these ithas effect on their economic status, I think no matter how strong their restriction is Bitcoin will always find it way.

Argoo

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Quote from: arapgeceleri on May 18, 2021, 06:03:10 PM

For years, China has been constantly looking for a way to ban bitcoin. There will even be those who remember, he was constantly manipulating the market with the news about banning bitcoin in the 2017-2018 bull season. When a news headline “China banned bitcoin” was published, the market was going down. I hope they will return from their ban, which is not a good thing for both the market and Chinese investors.

It is unlikely that the Chinese authorities seriously fought with the cryptocurrency and its distribution in the world. Certain restrictions exist for government and especially financial institutions. Citizens still do not have any significant restrictions on the use of cryptocurrency. Restrictions were imposed on the activities of cryptocurrency exchanges in China and the illegal use of cheap electricity when mining bitcoin. Therefore, it is hardly worth saying that the Chinese government intends to ban the circulation of cryptocurrency in the country.

Sithara007

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Quote from: Jennie_BigONE on May 21, 2021, 12:25:32 AM

US government banned it much earlier didn't it? Most crypto exchanges are not supported in the US

What sort of rubbish? When did the Americans banned cryptocurrency? In fact many of the earliest cryptocurrency exchanges are based in the United States. On the other hand, there is a fiat ban on cryptocurrencies in China and direct fiat to cryptocurrency trading is not possible there. And that is the reason why a lot of Chinese users depend upon exchanges in Hong Kong and South Korea. But in the United States, the exchanges don't face any sort of restrictions (in any of the states).

Jennie_BigONE

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US government banned it much earlier didn't it? Most crypto exchanges are not supported in the US

elisabetheva

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Quote from: michellee on May 20, 2021, 09:59:40 PM

Quote from: samsul1234 on May 20, 2021, 08:26:37 PM

Quote from: virasog on May 18, 2021, 09:51:13 AM

China bans bitcoin again in 2021.
Another fud in the bull run. Angry

https://twitter.com/Reuters/status/1394665379616673792

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

Calm down. The bad news will always come out right now or in the future because the crypto world will be full of bad and good news, impacting the market and the price. If the bad news comes out, the price will be down, but that will not always work like that because sometimes, if the bad news comes, the market will not go down instead, calm down and even the market can increase.

If you invest in bitcoin, you need to realize those consequences and the risk because we can not deny that the news will affect the market. Take it easy because bitcoin will increase again in the future, and the bad news will be bad news for those who do not believe in bitcoin.

what you say is something that should be understood and owned by everyone who wants to join crypto. because what you say is true, that even though bad news will always affect the movement of bitcoin but there are times it may not shake bitcoin and keep increasing. So it just depends on the situation and the bad news.

but the most important thing is where there is a good side with this correction, providing an opportunity for those who have not had the opportunity to have bitcoin to have it at the current price drop. because opportunities like this might be hard to find.

always have to believe that bitcoin will be able to get through something like this, because bitcoin is used and able to get back up because there are still many who need bitcoin and will continue to buy and make an attractive investment. what you are saying is the truth that bad news can be bad news for those who do not believe that bitcoin will ever increase again. they will never have another chance like this.

michellee

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Quote from: samsul1234 on May 20, 2021, 08:26:37 PM

Quote from: virasog on May 18, 2021, 09:51:13 AM

China bans bitcoin again in 2021.
Another fud in the bull run. Angry

https://twitter.com/Reuters/status/1394665379616673792

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

Calm down. The bad news will always come out right now or in the future because the crypto world will be full of bad and good news, impacting the market and the price. If the bad news comes out, the price will be down, but that will not always work like that because sometimes, if the bad news comes, the market will not go down instead, calm down and even the market can increase.

If you invest in bitcoin, you need to realize those consequences and the risk because we can not deny that the news will affect the market. Take it easy because bitcoin will increase again in the future, and the bad news will be bad news for those who do not believe in bitcoin.

Lmaooo

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Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable
China banning bitcoin is not a new thing, that also happened way back in 2017... we move

https://www.bloomberg.com/news/articles/2021-04-07/peter-thiel-calls-bitcoin-a-chinese-financial-weapon-at-virtual-roundtable
https://economictimes.indiatimes.com/news/international/world-news/bitcoin-a-chinese-financial-weapon-says-peter-thiel

samsul1234

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Quote from: virasog on May 18, 2021, 09:51:13 AM

China bans bitcoin again in 2021.
Another fud in the bull run. Angry

https://twitter.com/Reuters/status/1394665379616673792

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

Luzin

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Quote from: pixie85 on May 20, 2021, 06:14:09 PM

Financial institutions weren't allowed to work with exchanges for many years. This is just a reminder to them from the government. I don't know what the big deal is. Nothing new.

Events that repeat themselves after good news will have bad news. As long as I have known bitcoin, it has always existed and I consider it a kitchen ingredient in crypto. Apart from China, this time crypto mega star Elon Musk is willing to make a bet with his big name. With one writing he was able to move the global market.

Then for China they are the biggest country for the crypto industry so their FUD is very influential globally, although I think they will eventually revise the rules that have been made. Both stories are deliberately made to reduce prices, after falling they buy and make good news then the prices fly back high.

SaShiRaJaVu

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Quote from: virasog on May 18, 2021, 09:51:13 AM

China bans bitcoin again in 2021.
Another fud in the bull run. Angry

That is what i did not understand when the market started its major correction yesterday, i was confused and was checking all the telegram channels and news site to understand what is going on to have a major correction and everyone was talking about the ban from China and i was confused as i thought they already banned Bitcoin a few years ago and why would they announce that again.
FUD played a major role and so is the reason the Bitcoin market recovered fast and anyone who invested made a good profit.

pixie85

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Quote from: ropyu1978 on May 18, 2021, 01:23:39 PM

from 2017 China has said to ban bitcoin, and now China says the same thing again about bitcoin ,, they are jealous because bitcoin is increasingly bombarding the market, actually they have been wanting to join bitcoin, and make profit through bitcoin ,, but actually China is prestigious bro ... because he hated bitcoin in the past ... that's why he's always looking for trouble with bitcoin ...

They did that in 2015! That's why all exchanges moved away from China because they weren't allowed to trade for fiat.

Financial institutions weren't allowed to work with exchanges for many years. This is just a reminder to them from the government. I don't know what the big deal is. Nothing new.

mamiko

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I hardly think the Chinese government will ban bitcoin. They manipulated the market by saying that they would ban bitcoin continuously from the past and caused declines. The same scenario is happening now. a drop after China's news of banning bitcoin. history repeats itself. but I don't understand China's purpose.

Weawant

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When I read the news I was like "oh here we go again." Wasn't really surprised with the the news to be honest. Everytime that Bitcoin is having its All the high, China acts like a kid with a lollipop and someone attempts to steal it from him.

This never scared me, I know that Bitcoin isn't favoring China's agenda and that's why they ban it. I heard that they are planning to make digital yuans, and well that's good for them. But they had to know, no cryptocurrency enthusiast would want to help them out during the time.

If they think that they have the power on this side of the industry, I guess they should focus on building their wealth in their country.
And for the Chinese who have their business on this field, please guys you may go somehere offshore to continue your businesses, you will never have bond with your administration. Save your passion, move out and rebuild.

KryptoKings

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Quote from: virasog on May 18, 2021, 09:51:13 AM

China bans bitcoin again in 2021.
Another fud in the bull run. Angry

https://twitter.com/Reuters/status/1394665379616673792

We have to get away with Chinese dependency in mining. In fact crypto should be free from any kind of dependency on any nation. That defeats the purpose of decentralized coins.
China has always manipulate crypto market due to it's dominance in mining BTC.
It's time we move to pos coins from pow.

Streets 2.0

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I think this resembles another manipulation that is designed to change something inside the country and we will not understand its meaning before this happens. Perhaps this is the backdrop for the release of a new currency in China that will be controlled by their central bank. Perhaps this is a way to limit the funding of shadow organizations conducting subversive work within the country. You can make a lot of assumptions, but in fact this is a blow that affected the market, that's all I see so far.

ILuckyGuyI

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I really don't understand China. Grin

They are making their own digital currency right now. And this shows clearly that they really don't want to fall behind the other countries in this promising field. But I don't get how they can be fully against cryptocurrencies at the same time.

Gamerholic

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I agree that this is not a disaster, but rather a time of opportunity. I would like the price to go down for a few more months so the market would get rid of the nervous novice hamsters, we would pick up their sold coins at a low price and then calmly wait for the next market reversal in the direction of a bullish trend. This happened before, I saw it with my own eyes, I sold it then in 2017 at the level of 22 thousand dollars and then bought 13 thousand each. Everything is cool, we are calm, we are waiting.

jaberwock

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Quote from: virasog on May 18, 2021, 09:51:13 AM

China bans bitcoin again in 2021.
Another fud in the bull run. Angry

https://twitter.com/Reuters/status/1394665379616673792

Meehn these people have started again Huh

. Just this morning I was very happy that the price was going up again, now I wonder what it is going to turn to. Bitcoin has been struggling to maintain the above $40,000 price level, and with news like this and that of Elon that has been trending lately, it seems like these people just have plans to end the bull run and bring the price down again.

Well, I am not going to worry too much about that because even if the price should go down it’s going to be a better opportunity for those of us that wants to get back in at a lower price. With the way things has been going, if I find out it is going to crash heavily then I might have to sell and wait for a lower price and invest again.

Jazzi Mahesh

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China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

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