Topic: China warns Bitcoin is heading to zero - page 2. (Read 1078 times)
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
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.
China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community.Maybe those of us who already know the thought tactics made by China may not believe it anymore, but if this news is caught by new traders and new investors, they will surely fall apart again.
The various ways China does to undermine the future of bitcoin they are not the least bit enthusiastic about the state of bitcoin.
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.
China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community.
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.
China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community. China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.
More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.
China is the most economically advanced country in the world today. Their government has kept the market suppress by providing controversial news on crypto at various times, although it has not been a long-term impact on bitcoin, it takes short time effect. Today, if China is negative, another country will support it. The whole cryptocurrency can be controlled if by one and it is not personal assets. They can do nothing but restrict their citizens strictly. Maybe it's an economic or political war.
China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.
More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.
More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country. 
China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.
The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”
All investors hope so, if China's prediction of Bitcoin comes true, it's a good moment for investors, I'm sure investors are also many of them, Bitcoin to zero, hope for investors.But whether the Chinese words are true, time will determine the development of Bitcoin in the future.
so it can never go to zero unless it is DEAD. 
The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”
All investors hope so, if China's prediction of Bitcoin comes true, it's a good moment for investors, I'm sure investors are also many of them, Bitcoin to zero, hope for investors.But whether the Chinese words are true, time will determine the development of Bitcoin in the future.
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.
china one of the countries that ban bitcoin they officially announced that bitcoin is banned in their country and the miners all turn off the mining machines but with the news it doesn't affect the whales to invest bitcoin the more news about bitcoin like this the more big whales seem to invest bitcoin.
why does anyone listen to what China says? we need to let them go back to the 50's and wither away with their lies and market manipulation.
They only have an economy because the world sold out to cheap communist labor.
They only have an economy because the world sold out to cheap communist labor.
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)
That’s not the first time they assume bitcoin that it’s value will drop to zero. Every time the market stays in bad condition, they will always have a say whether bitcoin is dead or the crypto market is over. Unfortunately, only fools and newbies tend to believe their assumption as they will always have banned bitcoin and wish for it to end up in death, but until now bitcoin is still in mainstream. I guess China won’t stop here, the next time bitcoin will be in a worst scenario, China will have to curse it again but then bitcoin recovers again as always. 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)
During the same time period of China warning Bitcoin heading towards zero, Bank of England have made positive statements on bitcoin to be the way to build wealth during the bear market. China is always a separate nation that needs everything within them. Recently they've come up with the digital yuan after the complete ban over the cryptocurrencies. Whenever we take discussion about the negative information spread, taking the positive news published during the same time will let us understand the real market.
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)
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)
Talk about drama, Bitcoin has been volatile all along and that is what drew in a lot of speculators, in turn leading the price to spiral upward at a fast rate. The drop down is equally unexpected but calling it "violent" is a bit over the top. I don't think Bitcoin will ever hit zero, at the very least it will have a residual value out of novelty, but a lot of faith has been lost since the all time high and it's tough to see it getting back up there in the short to medium term. It might be a good thing as new models and better substitutes enter the market, I doubt Satoshi believed that Bitcoin would ever be endless, or that it could not be improved - it was a successful concept model. A lot of money has been flowing very cheap in the last few years and it streamed into crypto, that tap has been turned off quickly with interest rises predicted to go much higher in future.
The Chinese government are filled with hypocrites since some of them have actually been dabbling with popular cryptocurrencies like BTC, ETH, Doge etc for sometime now.
The market is usually impacted by their constant FUD to a small extent which is why their words don't really hold much power in the crypto world. They usually have different ulterior motives behind spreading this kind of pointless FUD in my opinion.
Politicians have always been like that, they complain about tax havens and whenever a list is revealed which exposes the people that are using them to avoid paying their taxes the majority of the people doing that are politicians, so it is not surprising those at the top of the Chinese government are dealing with cryptocurrencies but at the same time they are trying to deny the freedom of their citizens to do so, so it should not be surprising they are saying stuff like this while most likely they are acquiring bitcoin in secret. The market is usually impacted by their constant FUD to a small extent which is why their words don't really hold much power in the crypto world. They usually have different ulterior motives behind spreading this kind of pointless FUD in my opinion.
China's policy as a whole is now extremely interesting. I think that in the near future the degree will only heat up more. But for now, all that remains is to wait.
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.
China ban crypto, many times. FUD or real you can verify with past events.The Bitcoin network, its hashrate is decentralized from hashrate owners to mining farm locations geographically. It will be fine even all hashrates from China turn off. Recent years, total hashrate originates from China has less dominance on Bitcoin network than in the past. It is good for network decentralization, its health and it is good to prevent negative effects from China bans, floods and so on.
Again Bitcoin is named as a dead asset. How many times? More than 450 times so far. This figure will reach to 1000 soon.
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