But, given the Chinese government's capacity to control the market and the fact that the majority of miners are from their nation, it's understandable that the price of BTC would decline if they implemented policies like prohibiting crypto all over the world. I'm very confident they're just playing the game, and the BTC price will undoubtedly rise again in Q4 as another speculator enters the market. They already announced it multiple times already but look, BTC is still alive and made already a lot of all-time high.
Maybe gone are those days that Chinese government will be able to manipulate the crypto market and create a huge negative impact. This time, bitcoin and those other solid coins are even making a significant increase that is happening in that market today. Even though there is a huge population on bitcoin miners and holders that are based in China, still its not a valid reason that this crypto market will totally get dumped every time China makes fuds. China is nothing but a market crasher and that the market has learned to ignore whatever China brings to the market. 
Topic: China Is making Fuds Since 2017, But BTC Always Gone higher - page 4. (Read 562 times)
But, given the Chinese government's capacity to control the market and the fact that the majority of miners are from their nation, it's understandable that the price of BTC would decline if they implemented policies like prohibiting crypto all over the world. I'm very confident they're just playing the game, and the BTC price will undoubtedly rise again in Q4 as another speculator enters the market. They already announced it multiple times already but look, BTC is still alive and made already a lot of all-time high.
Seriously I believe China just want to kill bitcoin which is not possible, China have been trying there best to crash bitcoin and I believe they will still continue their best to crash bitcoin because they want to kill bitcoin which is not possible. The only thing China can do is too crash bitcoin price but they can't kill bitcoin and I believe very soon China news won't really have effect on bitcoin again but it will take time.
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What China is doing doesn't fit the definition of FUD. FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country. They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan. Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.
What do you call it then? Isn't Bitcoin's price pulled down? Several times everytime China announces about banning of cryptos in their country. It doesn't matter If they intentionally did that to pull the price down or not, that news still creates FUD to the investors. FUD doesn't literally mean to deliberately causing something to pull the price down, It could be something out of the intention that creates panic to the investors to sell their assets.
Another thing, are you sure they don't give a damn about Bitcoin or other cryptos price? I mean we can't be so sure about that.
Goes to show that China hasn't and will never be the answer to decentralization as much as the hopefuls from the crowd and the government pray it out. There's just so many options with cryptocurrencies, especially bitcoin, that people will be willing to bounce back on a much more favorable ground and eventually enjoy the payoffs. People are quick to figure out as well that China will not say anything good about bitcoin and cryptocurrencies, so most of us just shrug news from China nowadays, effectively making it so that China has no real power over the market anymore.
Don't forget, we are human, we are bound to learn.
Once we learn that they are doing this on purpose we tend to adapt to it. There will be times we won't believe anything they would say anymore.
They may have the upper hand now to control the market because of being one of the countries that are growing but once Bitcoin is divided into a lot of users there won't be telling where the price would go.
This is exactly what I have in mind. A lot of us have been surprised to find out that these next few years, there hasn't been any major effects on bitcoin's price that is directly tied to FUD coming from China, when we just had learned not to give a damn about China basically. The same will happen for every other FUD out there that the detractors will commit, we'll learn to shrug it off and move on to a much more beneficial discourse. Once we learn that they are doing this on purpose we tend to adapt to it. There will be times we won't believe anything they would say anymore.
They may have the upper hand now to control the market because of being one of the countries that are growing but once Bitcoin is divided into a lot of users there won't be telling where the price would go.
Hi guys as mostly readers would be crypto related. And China is Always big market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.
China does have some power, and they do make it go down whenever they do something, that drop from 64k to 30k was mainly because china banned miners as well. However, the long term is not affected by it at all, I agree with that. They could make it drop for a short term, whenever they say something the price goes down but it is always a short term deal where they make it drop, eventually it goes back up and even more in the long term.I believe that there could be some Chinese politicians who have some margin trading on shorts as well, by the looks of it they like to make it drop and that is how they make a lot of money, I know that sounds silly, but at this point anything is possible.
Don't forget, we are human, we are bound to learn.
Once we learn that they are doing this on purpose we tend to adapt to it. There will be times we won't believe anything they would say anymore.
They may have the upper hand now to control the market because of being one of the countries that are growing but once Bitcoin is divided into a lot of users there won't be telling where the price would go.
Once we learn that they are doing this on purpose we tend to adapt to it. There will be times we won't believe anything they would say anymore.
They may have the upper hand now to control the market because of being one of the countries that are growing but once Bitcoin is divided into a lot of users there won't be telling where the price would go.
There's no news that "isn't true" in this case, which is why it's not FUD. China announces that all crypto transactions are illegal, but some crypto enthusiast tweets China loves bitcoin and it's not banned. Somehow, I think the actual government has better information on what is banned and what is illegal than someone who has a vested interest in crypto not being banned. I don't know what the opposite of FUD is, but if what you say about Justin Sun is true, then he's clearly spreading it by posting things that are demonstrably not true about crypto in China.
I checked his (Justin Sun's) Twitter account and all he said is ”not to be too pessimistic.” How you want to interpret this is up to you. He is claiming that there is no ban on "cryptocurrency possession". I am not sure about this. When they are saying that all the cryptocurrency transactions are illegal, my understanding is that it includes the storage of cryptocurrency as well. The writing on the wall is clear. The regime is quite determined this time and they want to wipe out the usage of cryptocurrency in mainland China (probably also from Hong Kong, if they are able to do that).
What China is doing doesn't fit the definition of FUD. FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country. They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan. Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.
But it's still categorize as FUD if the news is not true and just make fear to the investors.
We heard about china banning bitcoins multiple times for the past years, but they don't really ban it actually. Recently i just saw the tweets from justin sun said china loves bitcoin and the news of bitcoin banning in china is wrong, so this means the media are spreading the FUD.
If china is really ban bitcoin then it's not FUD, but the real thing happened there.
There's no news that "isn't true" in this case, which is why it's not FUD. China announces that all crypto transactions are illegal, but some crypto enthusiast tweets China loves bitcoin and it's not banned. Somehow, I think the actual government has better information on what is banned and what is illegal than someone who has a vested interest in crypto not being banned. I don't know what the opposite of FUD is, but if what you say about Justin Sun is true, then he's clearly spreading it by posting things that are demonstrably not true about crypto in China.
The OP is wrong. I first purchased my coins in 2014, and I could remember that during that time there was a major crash due to some FUD from China. There were talks about exchanges getting banned and BTCChina was forced to shit their operations from mainland China to Hong Kong. And since then, on a regular basis I have witnessed various episodes from China of varying magnitude. But in all these cases, the impact lasted for only a few months at the most and the exchange rates recovered soon after that (not sure whether the same will happen this time as well).
What China is doing doesn't fit the definition of FUD. FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country. They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan. Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.
But it's still categorize as FUD if the news is not true and just make fear to the investors.
We heard about china banning bitcoins multiple times for the past years, but they don't really ban it actually. Recently i just saw the tweets from justin sun said china loves bitcoin and the news of bitcoin banning in china is wrong, so this means the media are spreading the FUD.
If china is really ban bitcoin then it's not FUD, but the real thing happened there.
Hi guys as mostly readers would be crypto related. And China is Always bug market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.
What China is doing doesn't fit the definition of FUD. FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country. They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan. Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.
China banned bitcoin. Already the crypto community sees it as a meme. I can only say: China again with an annoyed face.
There is no doubt that we can see that the crypto market is affected because cryptocurrencies fall. But not everything is negative because if we have the opportunity to buy some of them at a discount, so to speak, this is our opportunity.
Despite China's FUD, bitcoin is foolproof and will come out undefeated. Bitcoin and cryptocurrencies is the way out of the economic crisis and we know it.
Stay safe guys! Let's not panic!
There is no doubt that we can see that the crypto market is affected because cryptocurrencies fall. But not everything is negative because if we have the opportunity to buy some of them at a discount, so to speak, this is our opportunity.
Despite China's FUD, bitcoin is foolproof and will come out undefeated. Bitcoin and cryptocurrencies is the way out of the economic crisis and we know it.
Stay safe guys! Let's not panic!
I think OP overestimates the policies of the Chinese government. China's influence on the encryption market is getting smaller and smaller. This time, there are even no waves. These are just the information boasted by the media, which has no practical effect. If the encryption market is so easily affected, you can't see the development of bitcoin in recent ten years.
The Chinese government forgot one simple truth, the more they use a particular move the more ineffective it becomes, and since I have been part of the market I do not remember a single year in which China did not banned bitcoin or took strong steps against it.Basically at this point anyone that has been here for a few years knew this was coming so we are not surprised or affected by it, and I think that is precisely what we are seeing with the price.
"China, Who?"
If they crash crypto to 20,000 Dollars or not in coming months.
I strongly believe the reduction in BTC price will not fall to the $20k benchmark as predicted,
and despite the negative impacts china are trying to bring into the crypto market.
In this year alone, China has made FUD for bitcoin several times "lol"
China is a country full of drama about cryptocurrencies but what they do is totally useless. China can pressure its citizens not to own or buy bitcoins but what about citizens in other countries? no one will listen and carry out Chinese orders.
China is a country full of drama about cryptocurrencies but what they do is totally useless. China can pressure its citizens not to own or buy bitcoins but what about citizens in other countries? no one will listen and carry out Chinese orders.
If anyone sell off his/her bitcoin because one authoritarian government doesn’t like it, then it is clear that such person don’t understand Bitcoin and however not deem fit to be in the crypto space.
Yes you have said it simple way. China made the worse attempt to cripple bitcoin and cryptocurrency in 2017 when adoption then can't be compared to 2021 but it didn't stop the growth and bitcoin rose higher to an ATH high then around $20,000. At this time with high adoption, people don't need to panic selling except newbie feel not to lose the worth of hodling to sell but will come back to open thread of regretful comment and mistake to sell in rush for fear. Bitcoin price will increase more despite China's fud.
Hi guys as mostly readers would be crypto related. And China is Always bug market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.
If they crash it to $20k then that's still a fine price. After going from the lowest price that it can a few years ago and if it goes back to $20k which was the ATH of $20k then that's still good. They've been doing that so not surprising if they do it again.
If anyone sell off his/her bitcoin because one authoritarian government doesn’t like it, then it is clear that such person don’t understand Bitcoin and however not deem fit to be in the crypto space.
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