China warns Bitcoin is heading to zero

carlfebz2

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Quote from: BCwinning on July 08, 2022, 11:25:17 AM

like I've said before, no one should care what China says. They are manipulative and have proven it over and over again.
unless you live in China it doesn't matter what they say or do.
Seriously stop buying made in china too.

Speaking with those fuds and shills created by China then i do truly agree with that and specially to those who had been on his market and able to follow on what bullshit things do China keep saying towards Bitcoin.

They had made out that ban specially on mining and overall crypto.
https://fortune.com/2022/01/04/crypto-banned-china-other-countries/
https://forkast.news/china-banned-bitcoin-mining-became-no-2-bitcoin-miner/

But they had made out that digital-yuan which is obviously that they are really just taking the other direction.
They dont like anonymity and decentralized or something that cant be controlled in the first place.

BCwinning

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like I've said before, no one should care what China says. They are manipulative and have proven it over and over again.
unless you live in China it doesn't matter what they say or do.
Seriously stop buying made in china too.

virasisog

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China will always say negative things about cryptocurrency and that's given since they hate crypto, especially Bitcoin. They have been telling the world that Bitcoin will drop and head to zero but Bitcoin only continuously proving them wrong and is standing firmly. The Chinese government can see that lots of people around the world even their citizens buy it despite the banning so they're spreading FUD and fake news about it. They always hate something that they can't regulate.

Accardo

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Cryptocurrency users should get used to the ugly warnings of Chinese Government about cryptocurrency. It's not new, they've been working against the project. Like I'll say, they is no bad publicity, more warning brings publicity to cryptocurrency. Only that some Chinese citizens will listen to their government and drop cryptocurrency. The news won't get across the world and many people who benefits and sights the future of bitcoin will definitely and should ignore the message. I think any news from China should be ignored completely in terms of cryptocurrency.

tbterryboy

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Quote from: abel1337 on July 06, 2022, 06:08:34 PM

They are spreading FUD about bitcoin for a very long time now and I'm sure they're the ones who profit most because of FUDS like these. I hope newbies should learn what kind of FUD they will be scared of, FUDs like these are weak. I myself are immune on FUDs relating to china, It's been many years since china is fudding bitcoin. So I think I developed a resistance to their FUDs. The only one who will be worried about FUDs like these are the newbies who don't know how china doing it till today.

They were the ones that profit the most? That cant be, I thought they banned btc long time ago? This is the reason why it's easy for them to say those things. They also want to encourage others to do the same but that cant be. Why will we ignore something which we can get a benefit? A fud is a fud, no matter what kinds of it, all of them are still negative and should be ignored as that can affect someone who is so positive towards bitcoins.

This FUD came from a big country so I don't think this is weak. What is weak are those fuds came from a mouth of a random people. No one believes on it even the noobest member of this space.

kasunrandil

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LMAO. china is warning then buying. thats the nature

Osteoid

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China may have warned the world but somehow, I have a different mindset. I don’t think that bitcoin will collapse any time soon. All the financial markets are meant to move up and down but it doesn’t mean that any of them will end. Learn to keep patience and not believe all that you read.

yhiaali3

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This game is very clear from the Chinese government, since the Chinese government decided to issue its own digital yuan, it has taken a series of strict measures against Bitcoin and cryptocurrencies, in addition to banning dealing with Bitcoin and cryptocurrencies, the decision to ban mining in China was the most dangerous that caused major problems and a decline Bitcoin at that time, the goal is known, of course, the Chinese government is taking all these strict measures to push its citizens to use its digital currency (digital yuan) and force them to give up Bitcoin, the Chinese government knows that it is not so easy to make its citizens give up Bitcoin so it is conducting a hostile propaganda campaign against Bitcoin to make Citizens are panicking, the decline in the price of Bitcoin now gives a great opportunity for the Chinese government to spread such rumors. But I am sure they will fail in the end.

Faisal2202

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It is knows as fud, China has already created so many fuds to manipulate the crypto market for themselves to fill their pockets. Like, their ban on crypto at 2013, 2017, 2019,2020,2021 was all manipulated, and most of the technical analysis considered these news to be good for crypto, whenever these fuds occured their comes shopping opportunity for the manipulators of china or anyone involved,
And all of the above around 65% of total crypto mining machines are made in china, so technically they are earning more than the other world but not doubt their resources had been wasted on mining machines. So to save their energy, they should make some policies instead of banning it,
Well i would say that, their is darkness under the light,
Source of Ban: https://www.coindesk.com/learn/china-crypto-bans-a-complete-history/
Source of percentage: https://www.sunbirddcim.com/infographic/largest-bitcoin-mining-farms-world#:~:text=For%20example%2C%2065%25%20of%20the,effective%20and%20convenient%20to%20deliver.

BlockchainMentors

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In February 2022, a ruling by China’s top court stated that you can attract a hefty penalty and land in jail for over 10 years due to cryptocurrency fundraising, which is now a criminal offence in China, as per a report in South China Morning Post
You can read here :- https://www.indiatimes.com/worth/investment/china-warns-about-bitcoin-heading-towards-zero-573245.html

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Quote from: BobK71 on July 06, 2022, 10:03:38 PM

Quote from: FMCPAY_GLOBAL on June 22, 2022, 11:15:44 PM

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

The Chinese government wants its citizens not to invest in Bitcoin in any way. We know that no government can control cryptocurrency. It is completely decentralized. China may have thought that since there is no other way but to discourage them, especially by providing negative news, using the media. I don't think they will be able to move forward in this way for long. Bitcoin will remain and the world will see its roar again.

Even now the Chinese people are big holders of bitcoin and other cryptocurrencies. Chinese government always want its own things, and maybe that's the reason why China warns it's citizens. When it wants to make something unreal, it uses the power of media. Thats what happening in recent days with more articles creating negative contents relative to cryptocurrency.

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Quote from: FMCPAY_GLOBAL on June 22, 2022, 11:15:44 PM

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

The Chinese government wants its citizens not to invest in Bitcoin in any way. We know that no government can control cryptocurrency. It is completely decentralized. China may have thought that since there is no other way but to discourage them, especially by providing negative news, using the media. I don't think they will be able to move forward in this way for long. Bitcoin will remain and the world will see its roar again.

Oilacris

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Quote from: abel1337 on July 06, 2022, 06:08:34 PM

Quote from: Russlenat on July 06, 2022, 04:30:47 PM

Quote from: FMCPAY_GLOBAL on June 22, 2022, 11:15:44 PM

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph)

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

They are spreading FUD about bitcoin for a very long time now and I'm sure they're the ones who profit most because of FUDS like these. I hope newbies should learn what kind of FUD they will be scared of, FUDs like these are weak. I myself are immune on FUDs relating to china, It's been many years since china is fudding bitcoin. So I think I developed a resistance to their FUDs. The only one who will be worried about FUDs like these are the newbies who don't know how china doing it till today.

We dont start on being experienced or professional which it is really indeed that the victim of these FUD are the noobs but eventually these people would get experience and later on they would really be

molding themselves to be better and get used to it which means that they will really be able to ignore those fuds been created by China or other countries specially on bear market like this.
We know that they are trying to make the prices as low as possible because they do know that they could really make money when people are scared or in doubts in the market.
Getting in as low as possible as they could be and these things are normal scenario but once you do have a good grasp to it then its just like an ordinary day.

abel1337

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Quote from: Russlenat on July 06, 2022, 04:30:47 PM

Quote from: FMCPAY_GLOBAL on June 22, 2022, 11:15:44 PM

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph)

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

They are spreading FUD about bitcoin for a very long time now and I'm sure they're the ones who profit most because of FUDS like these. I hope newbies should learn what kind of FUD they will be scared of, FUDs like these are weak. I myself are immune on FUDs relating to china, It's been many years since china is fudding bitcoin. So I think I developed a resistance to their FUDs. The only one who will be worried about FUDs like these are the newbies who don't know how china doing it till today.

Russlenat

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Quote from: FMCPAY_GLOBAL on June 22, 2022, 11:15:44 PM

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph)

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

harapan

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China must have done well with Bitcoin for almost a year now, but that doesn't warrant them to say shitty hell stuff's about Bitcoin.
No need for hype and horn tooting but Bitcoin can not go down to zero not at all.
Bitcoin has to be a bit boring that's the reason why it's a currency isn't that correct ?

kotajikikox

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Quote from: Trapezium on June 30, 2022, 01:22:02 AM

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

you can only call this as legit if we did not here even before the other recovery that happened in 2017 but we are, that from climbing to 20k down to another dumping and again increased up to almost 70k.
so how could we believe that stupid idea of bitcoin will heading to zero again.

Quote from: 2stout on July 05, 2022, 11:21:25 PM

Straight up FUD and bullshit that really fooled no one here, but I'm sure the pundits took this and ran with this as expected, helping get China's message out, which China I'm sure predicted and expected. However, this announcement by them was quite underwhelming, I'm sure they would love a do-over.

the intention is indeed BS , spreading this such word will head to nothing but laugher , I have been in this for years and how many thread that runs like this and ending to BS support.

2stout

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Straight up FUD and bullshit that really fooled no one here, but I'm sure the pundits took this and ran with this as expected, helping get China's message out, which China I'm sure predicted and expected. However, this announcement by them was quite underwhelming, I'm sure they would love a do-over.

carlfebz2

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Quote from: BCwinning on July 05, 2022, 11:35:04 AM

Quote from: asimi.io on July 04, 2022, 04:26:23 AM

They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic

a lot of ppl invested in bitcoin feels that way. but don't get your hopes up too much.. smh

Its been a decade+ which its not something new when it comes to negative sentiments and thrown out words against Bitcoin and for China and if you do have that or been on this market for a while then we do have

history on how much hate does china have with Bitcoin and not surprisingly new about their stance against it but look at on where we are now? We are still standing strong and having low price doesnt signify that it going to die.
We've been here for many times and not something to get shocked nor get surprised.Eventually price will really recover the way it is.

BCwinning

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Quote from: asimi.io on July 04, 2022, 04:26:23 AM

They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic

a lot of ppl invested in bitcoin feels that way. but don't get your hopes up too much.. smh

Topic: China warns Bitcoin is heading to zero (Read 1078 times)