Topic: China Is making Fuds Since 2017, But BTC Always Gone higher - page 5. (Read 513 times)
It's not only in 2017. It actually started in 2014 and people just kinda got used to it as time passed. The market will eventually get used to the happenings revolving China and will try its best to not sell or buy during the event. Their government only releases statements and mentions of 'crackdowns' but it only lasts for a short while before the news die out and get covered with other news. The market has since matured, and if in 2015 any news from China might dictate the price action of bitcoin, today they don't really matter as bitcoin grew big for a single country/entity to influence it.
China has been creating FUD since the fifties, its mostly been to the detriment of its own people and an aid to the elite within that country often at the cost of deaths to the normal population. Their latest set of actions have sometimes included kidnapping the rich heads of industry to remind them they live under the gun not the idea of efficient business and profit. There is little to respect in the actions of a party that uses violence as their logic, Im far more interested in India finding the right path if we are merely discussing large countries or just Asia in general has to get past what negatives China might construct in its regional influence.
Same is true for western government, if BTC only relies on politics for positive or negative attitude in its gains I dont expect it to last as it must be far beyond reliance on failing historic currency standards and the political over shadowing that has occurred and obstructed economies for years.
Same is true for western government, if BTC only relies on politics for positive or negative attitude in its gains I dont expect it to last as it must be far beyond reliance on failing historic currency standards and the political over shadowing that has occurred and obstructed economies for years.
Yes, you can always trust btc. China's influence on Bitcoin is getting smaller and smaller. This is a good thing. The more decentralized the btc, the better the future of Bitcoin.
The idea that a single (albeit huge) entity, in this case, a government can crash something that is in its essence worldwide and decentralized is ridiculous at best. This has progressed from the point of no return and as with everything, not everyone will embrace it with open arms. That is completely ok but it will not stop what we have going here.
There's also more people that's totally new to crypto and the Chinese FUD that spread around it so there's really not much change besides the fact that bitcoin goes up in value. The newbies will always panic sell, we should know that by now it's not that hard to think, a little psychology and basic economics goes a long way.
I have been investing in bitcoin since long time ago and I am not surprised about bad news that related to China. Maybe this time China move too far. I think China should give their citizens freedom in economic activity. I heard that china help their citizens to build a business but it is disappointing when China make a bad regulations regarding bitcoin and other cryptocurrencies. For me bitcoin is a part of future, if china strongly against bitcoin then in my point of view they don't want to get a good future.
That is a suicide for the CCP of China because giving economic freedom to their people will cause independence to the richest group of people who could unseat Xi Jin Ping as a ruler. That's not good for them and it's better for crypto to stay out in China. They are already threatened with its borderless properties.
The banning of crypto fud is recycled almost every year but still makes retail investors panic, the fear of losing money is really scary but they are happy to spread fud every year.
I have been investing in bitcoin since long time ago and I am not surprised about bad news that related to China. Maybe this time China move too far. I think China should give their citizens freedom in economic activity. I heard that china help their citizens to build a business but it is disappointing when China make a bad regulations regarding bitcoin and other cryptocurrencies. For me bitcoin is a part of future, if china strongly against bitcoin then in my point of view they don't want to get a good future.
The decline in the past few days is also related to China's once again restricting OTC merchants. Many media and market analysts are scared to update their content.
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.
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.
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