Thankfully though, the price was not affected by the recents news or FUD coming from the Chinese. If this is 2017, we might see the price going below $40k and the dip are going to continue in the following days. So investors may have seen this news as nothing news, except maybe for newbies.
And so be it, if they want to continue to ban it then we can't stop their government. It's now up to the Chinese investors or whether to stay in the market or move somewhere else wherein crypto is openly accepted by their government.
Topic: China Bitcoin Ban false alarm - page 3. (Read 382 times)
It will ban again and again and again. But who cares? That shows how much china scares to the crypto field. That will increase the adoption of the Europe and American investors to the market.
Are you sure that it is a false alarm? Because as I see in so many places now, it seems like China has banned cryptocurrencies and the activities related to it for real. It is true that they made so many fake news before this one. Every time, I was being surprised but it turned out to be a lie. This time, it seems really like true. China has already been against these assets so I'm not surprised anymore.
Fake or genuine news related to China is very detrimental to the market. I hope it doesn't suffer a severe dump like this year 2017 for the crypto market. I think this effect may be temporary and this effect may not last long. hopefully this alarm will end soon and the market will recover especially for bitcoin
It must be admitted that all news related to China always affects the crypto market, maybe because there are many big investors from China.
Although the Bitcoin price was affected by negative news from China, I believe it won't take long for the Bitcoin price to recover. So if there is
a FUD coming from China, don't panic, stay patient with holding the Bitcoin we have, because only people who can be patient can make a profit.
Moreover, with many institutions investing in Bitcoin in the long term, Bitcoin price will not fall as it did in 2017-2018.
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It's because many of them are new to the market, they haven't seen the old news that China did the same thing before. Many will still be scared of this news and they're likely to panic sell and that's what happened before that has burned a lot of weak hands.
If you think that it's not an excuse anymore, well, that's you that thinks everyone already knew crypto.
Oh yawn. Chinese individuals I know for years have already been doing P2P since at least 2016/17. The China cycle of FUD/bad news, whatever, it's normal/regular and it's expected. It'd actually be alarming if the state didn't do something or say something about Bitcoin every year or so, and towards the end of the year.
US wants to sanction exchanges, China wants to ban crypto transactions. That's the beauty of Bitcoin. You can still use it if you want to. Censorship isn't going to prevent you if you want to use it.
US wants to sanction exchanges, China wants to ban crypto transactions. That's the beauty of Bitcoin. You can still use it if you want to. Censorship isn't going to prevent you if you want to use it.
Fake or genuine news related to China is very detrimental to the market. I hope it doesn't suffer a severe dump like this year 2017 for the crypto market. I think this effect may be temporary and this effect may not last long. hopefully this alarm will end soon and the market will recover especially for bitcoin
China always likes to publish policies to suppress cryptocurrency. Every time a policy is introduced, most of the currency prices will plummet, even if it is a rumor, which proves that China actually controls the cryptocurrency market. In fact, the purchase of cryptocurrency in mainland China The masses are very large, and we must respect the Chinese market!
The problem with this is that the ban is taken seriously by a lot of people and they don't know what's happening right now and they still think that it's a bad omen that China is making some move in the Chinese market.
China is up when other developed countries and continents are embracing, China is busy banning Bitcoin. They think they are protecting their economy but not knowing they are excluding the citizens from advanced technology development and advantage.
The Chinese government has always disliked encryption and has always been suppressing virtual currencies. We should not care about news in this regard. Everyone has their own attitude towards things. There are people in the field of cryptocurrency. Believing in some people but not believing, this is all normal. As long as we are firm in our ideas and don't be easily influenced, the time in the future will be the best answer.
History has always repeated itself in Bitcoin on the 24th of September 2017 when the china central bank ban Bitcoin/cryptocurrency, a move that sees the price of Bitcoin crashing deep before it recovered after 3 months of struggle to hold its resistance. On the 24th of September 2021 news still, fly around about china banning crypto, which turned out to be rumors and false development that see the Bitcoin price dropping to $40,675 before it gradually rises back to 41k.
It still amazes me how much influence chain still wills when it comes to the Issue of Bitcoin. This just showed that whether it is even fake news or FUD, as long as China's name is mentioned in it is just enough to make the Bitcoin market tumble and it doesn't matter whether people believe it or not like hereI don't think the Chinese government has such a big influence on the bitcoin market. Can only one message produce a big decline? I don't believe it.
and the question also is, why are investors so quick to react to this kind of FUD?
I don't think the Chinese government has such a big influence on the bitcoin market. Can only one message produce a big decline? I don't believe it.
I think what happens is that when that news reoccur again, a dip/crash will happen, its an opportunity for those who have funds to buy the dip. Its happening always, when a fake news resurfaces. Again, this time it happens and in a few weeks/months the price will rise again and those who panic sell will lose big time.
It is called FUD not false alarm and it didn't start in 2017, it actually started as the market started with the first exchange coming out. But particularly speaking the "China banned bitcoin" FUD started back in 2012/2013 and has been repeated at least a dozen times in the past 8-9 years!
If you look at the timing of this FUD it makes even more sense. They didn't spread the lies on the internet when price was rising, they waited for the drop to happen then started it to try to push it lower.
It is just market manipulation and will end like all the previous times when they realize they can't push the price any lower than this.
If you look at the timing of this FUD it makes even more sense. They didn't spread the lies on the internet when price was rising, they waited for the drop to happen then started it to try to push it lower.
It is just market manipulation and will end like all the previous times when they realize they can't push the price any lower than this.
I don't think that we are to blame chinese authorities for this decrease. Crypto market was really overheated (not only bitcoin, but all altcoins as well), so it is a usual correction after a protracted growth. Moreover we see many economic news around the world. Chinese giant company nearly defaulted on bonds, there are news that the US is about to default, so stock market is also decreasing.
History has always repeated itself in Bitcoin on the 24th of September 2017 when the china central bank ban Bitcoin/cryptocurrency, a move that sees the price of Bitcoin crashing deep before it recovered after 3 months of struggle to hold its resistance. On the 24th of September 2021 news still, fly around about china banning crypto, which turned out to be rumors and false development that see the Bitcoin price dropping to $40,675 before it gradually rises back to 41k.
This is a big sabotage of China. Im sure everyone are all aware of this news already and been fed up with the fud. Its not surprising they keep coming back. I assume the whales on China arent satisfy enough with their gains or already been sold their asset and wishing to buy back some cheaper one when they initiate this fud attack. The article has been recycle many times over. China is really something, persistent on their goal to bring down crypto. 
I don't really focus on countries ban or accept bitcoin anymore. It is important but I think the more important things are fundamental and technical analysis in trading. Company with good governance will survive again bad economic situations because they have great people behind it, who know what to do. Now we face a reality that most of bitcoin users are trader so we have to know how to deal with it. In my opinion as long as we already take good position in trading then if there are any bad news then we don't need to worry about that, it's just a matter of time.
One thing is certain here and that is the fact the despite the previous bans there is considerable number of people and transactions going on in the cryptocurrency market in China, otherwise they would not again issue such a notice. I am wondering how many times will China be banning Bitcoin. This time around the impact is not that bad so that next time around maybe we can expect the market to just shrug off things as if China is already a non-factor. My question is this: why does the market still listening to China? Let's already discount China in cryptocurrency as there is no future with them under its oppressive regime.
Let China ban bitcoin and it is better they do not get involved in bitcoin at all. China does not like crypto but they want to make their own digital currency and that means they want to take down the market by their currency. China's expansion will not stop just by ban crypto, but they will do other things to conquer all countries. It is just another bad news for bitcoin, but we know that bitcoin will not stop because of that news and we will see the rising of bitcoin soon.
How many FUD from China in history, especially China ban events?I did not count and did not finish my research on it but please look at the chart, there are some massive crashes and I believe many of them were triggered by China ban events. Anyway, after all, Bitcoin recovered and grown up significantly.
Think about such events [1]?
[1] Crypto has recovered from China's FUD over a dozen times in the last 12 years
Have you ever thought that such events are good supplementary sources for Bitcoin growth?
I do not worry about the FUD or other things. I consider that is part of the crypto journey and it is normal to see some people do not like a new thing that can change the whole world if it gets more adoption.
With so much bad and good news, that affects bitcoin while more people get benefits from bitcoin. So people from other countries will see and think if bitcoin is good or bad for them.
Many people see that some news in the market will affect their emotions. Now as time changes, more and more new investors join the market. Their experience and experience make it impossible for them to keep their emotions calm under negative news. However, some experienced investors will inevitably panic because of the sharp decline of Bitcoin these days.
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