China trying its best to get hated - page 3.

bryant.coleman

legendary

Activity: 3766

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Quote from: PercT4b on September 24, 2021, 09:37:16 AM

I honestly think that people are starting to get really sick of China's behavior.

What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).

Should we really expect a bear market?

China doesn't lose much if the miners shift their operations to neighboring countries such as Kazakhstan. Because the tax revenue from this sector is really low and the high energy consumption from the mining farms has resulted in power shortages in some of the provinces. In the future the Bitcoin prices may go up by 10x or 20x, and at that point the regime may regret about the crackdown. But until then, they are not going to care. The CCP still believe that their CBDC (e-CNY) will be able to replace Bitcoin, at least within mainland China.

terciduk123

sr. member

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Quote from: Yogee on September 24, 2021, 10:44:28 AM

September 2017 - People Bank Of China "bans" crypto then market dipped before surging to a $20K ATH.

2018 to 2020 - China cracks down on exchanges, miners, and everything in between hehe.

September 2021 - China "ban" on crypto again. Sounds familiar now? Let's see if history repeats itself.

They do not really care whether they are hated by those who liquidated or crypto enthusiasts. They do what they like since they can. Let's also not forget that they are getting ready for their CBDC.

That's right, Maybe they want to buy more Bitcoin at a low price. When the FUD from china is issued, it can be a good time to buy, because usually there will be a big pump after the FUD.
Please note the Chinese government holds more than 194 thousand Bitcoins or the range of $ 10.7 billion USD. I found this information here

btc78

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Quote from: PercT4b on September 24, 2021, 09:37:16 AM

I honestly think that people are starting to get really sick of China's behavior.

What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).

Should we really expect a bear market?

china had already anticipated everything before they act mate, yeah there are investors taking then money out of china but Chinese government knows that they can even stand without them.
do you really believe that they have not put eyes on this situation?
lol one of the oldest country in the world and the most growing country now.
they will not do a thing that will make their people and country miserable .
just wait and see how can they handle this and how can they survive from this mate.

ice18

hero member

Activity: 2492

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Quote from: Assface16678 on September 26, 2021, 11:14:22 PM

They are making opportunity for themselves with this ban, making sure that the market will crash and buy at low price. They are just repeating what's already done and this time for sure people will just neglect what ever they will do next. People should learn from this as it will create a doubt for those who wanted to start crypto.

Maybe you are right, What if they manipulated all of this FUD and secretly buying the dip, what is surprising is that, China clampdown crypto activities but they allowed their citizen to hold crypto, so crypto is not totally banned in China as you are free to hold it on your personal wallet.

Assface16678

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They are making opportunity for themselves with this ban, making sure that the market will crash and buy at low price. They are just repeating what's already done and this time for sure people will just neglect what ever they will do next. People should learn from this as it will create a doubt for those who wanted to start crypto.

magnum1010

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Quote from: PercT4b on September 24, 2021, 09:37:16 AM

I honestly think that people are starting to get really sick of China's behavior.

What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).

Should we really expect a bear market?

To my mind China will stop at nothing just to have complete control over people. They want to control and regulate not only finances, but also their private life. It is due to its political structure. We see that their new regulations against crypto cause new falls all the time. But actually, I saw statistics that bitcoin's price have recovered more than 20 times after constant chinese statement against it.

Salamstar

sr. member

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Quote from: PercT4b on September 24, 2021, 09:37:16 AM

I honestly think that people are starting to get really sick of China's behavior.

What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).

Should we really expect a bear market?

China has banned cryptocurrency trading about 12 times this year, however I think seasoned traders were ready for these decisions and they ignored the bad news coming out of China, they even bought on the dip.

Harriett

newbie

Activity: 29

Merit: 3

From the perspective of Bitcoin prices, the Chinese government's influence on crypto is getting weaker and weaker. China's A-share market has fallen sharply these days, cracking down on crypto, and then letting funds enter their stock market.
In other words, you can lose money on the stock market, but you cannot lose money on cryptocurrencies.

nurilham

sr. member

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there's a lot of bad news about bitcoin out there, it's just a matter of how we filter the news. China has done that several times and to be honest it's not have effect on this volatile crypto market. honestly, i don't care about countries out there that ban crypto and vilify crypto, I only care about my own crypto assets and how I can achieve the goals that I want. It should be underlined that the crypto market cannot be shaken just by bad news out there, there are still many people who invest and believe in crypto so that crypto is also growing.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: ilovealtcoins on September 26, 2021, 09:49:53 AM

Maybe they are clearing the way to prepare to launch their own national cryptocurrency CBDC. I'm not too bothered about the bans because they've done it many times before. Although the Chinese government bans Bitcoin and cryptocurrencies, I still believe that the people of this country will not give up on cryptocurrencies. Now that Houbi has banned Chinese users, it will be an opportunity for Chinese people to join decentralized trading platforms.

This is probably one of the reasons why China keep on releasing the Bitcoin FUD but if they don't want to let their people stay away with Bitcoin they should have done it already in the past. And now, seeing it again makes it more annoying instead plus most of the people are still bothered with it that they sold their coins after the dip as if this is going to bear market already.

I'm still surprised though that Bitcoin is still holding to $40k+ price instead of going down to $20k or something which is most likely closer to the bottom. But people nowadays did learn their lessons in the past. One thing I could say to Chinese fudster since their moves is more like a political agenda. You can fool most people but you can't fool all of the people.

ilovealtcoins

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Maybe they are clearing the way to prepare to launch their own national cryptocurrency CBDC. I'm not too bothered about the bans because they've done it many times before. Although the Chinese government bans Bitcoin and cryptocurrencies, I still believe that the people of this country will not give up on cryptocurrencies. Now that Houbi has banned Chinese users, it will be an opportunity for Chinese people to join decentralized trading platforms.

davis196

hero member

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Merit: 937

Quote from: noorman0 on September 24, 2021, 10:18:00 AM

The hatred only comes from crypto supporters who see China as a barrier to global adoption or creating bearish sentiment. So far don't know the exact percentage of the entire human population that actually supports crypto. If it was only a small part, then this hatred was nothing to them.
But who denies that China is a great business paradise? Chinese people will not really run in that country because their government offers better things (in their opinion), on the contrary they always attract the attention of non-Chinese. And in fact, China dominates the technology market share worldwide.

China is a "business paradise" only for the companies,that are willing to pay bribes to members of the Chinese government and the communist party.China is at 85th place in the "Doing business" ranking,which was made by the World Bank AFAIK.They moved from 85th place to 78th place.This is still far away from the best countries in this ranking-Singapore,Switzerland,Taiwan,New Zealand,Australia,USA,etc...
China relies on cheap labor and stolen technologies from the west.These are two great advantages,but that doesn't mean that doing business in China is easy and fun.
I hope that the crypto world will start ignoring all the FUD coming from China.

JohnBitCo

sr. member

Activity: 2030

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Quote from: PercT4b on September 24, 2021, 09:37:16 AM

I honestly think that people are starting to get really sick of China's behavior.

What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).

Should we really expect a bear market?

I don't think this is the plan for the Chinese to cut them from crypto. I still believe all this is Fud to create the panic or buy bitcoin cheap. Whatever be the reason, Chinese will not leave cryptocurrencies. Lets wait and see how things turn up this time.

flip4flop

full member

Activity: 378

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It is a bit ridiculous that China keeps playing these games and yet we still see the ETH hashrate at its highest point again today. I get they are trying to push the digital yuan and they can control their population pretty well i some aspects, but I truly do not see much if any real enforcement of this ban. Its more setting the stage for the eventual move, except they have been doing that for 6 years or so now. At some point, they have to either enforce it or stop talking about it.

Oasisman

hero member

Activity: 2716

Merit: 552

I'm starting do doubt the China tricks on Bitcoin price.
It could be some sort of price manipulations after so many bans they did before and it will always have a negative impact on Bitcoin's price. So, why not make it a regular habit everytime Bitcoin's price is high, pull it down a little bit and then will start another bullrun when China lift the ban again.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: Ararbermas on September 25, 2021, 11:42:10 AM

Yep they're trending now in the space because of a bunch of negative news from them around the internet , but perhaps a lot of people will see the real reason as well why china is so hated in crypto currency nowadays. Infact it's very obvious tho wherein since they created their own digital currency they're suddenly become against to crypto.. So that means china wants to take over crypto? because you know there's no other reason to be honest why they keep trying their best to get hated with crypto. Smell not good.. Lol

We know China's position, but to love crypto, hopefully it doesn't embody China's selfishness in the future. However and for whatever reason we who are outside China, live with our own financial freedom, don't get caught up in the currents and waves that China has deliberately set as a trap. Investors should avoid China, if they don't want to be enslaved just because China offers its crypto. Gradually China will only make their partners as slaves to achieve their ambition as the strongest country.

Theones

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Quote from: Fesatmas on September 24, 2021, 12:28:43 PM

What does he care about China's role? why should we focus and make China a center of study on crypto growth? We have to stop them, and let China get rid of the crypto world. China's ideology and state system will cover all economic, social and political sectors. Influence in one command.
We just need to do something so that in the future Bitcoin does not fall into countries like China at that time.

And that's the idea of Satoshi i.e. to introduce a decentralized p2p cash transfer. Too much powers in the hands of one person, community or a country is against the concept of bitcoin i.e. decentralization. We should be happy that China is isolating itself from crypto and more joyful thing is that BTC is stable not crashing after this news broke out.

kojektea

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China is the country with the largest economy in the world. Even this country is not as strong an economy as america. However, they banned the circulation of bitcoin. And of course the impact is huge. I think china first banned it in 2018, it had a huge impact on cryptocurrencies, even from as long as I was in cryptocurrency it was the worst bear market in history.

Sweetbtc

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Although it affects the market negatively when China puts out their stupid FUD BS, people are getting used to it and are realizing China really doesn't make or break the crypto market in the long term. China censored/banned some of the greatest innovations already; Google, YouTube, Amazon, etc. China wants social control of their people and assets. People are starting to realize this with crypto and China now. I think we'll continue to hear FUD from China on cryto, but the negative affect on the market will be less and less, in my opinion.

Dilladupak

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What do they really expect from all this? News of resistance to Bitcoin has occurred dozens or even hundreds of times, and this has really had a devastating effect on the price of Bitcoin. So the big whales buy Bitcoins in huge amounts, then they sell them and earn huge profits.
From now on, ignore the bad news from China anymore, don't be swayed and stay calm. The more opposed and hated by China, Bitcoin will actually be more popular and have a high price.

Topic: China trying its best to get hated - page 3. (Read 666 times)