Topic: China warns Bitcoin is heading to zero - page 3. (Read 1078 times)
China had been a thread to the crypto market from start and I think this needs to stop. Even though the Chinese communist party does not like Bitcoin, then that does not mean that they have to fight against it. Bitcoin is even stronger than the Chinese digital yuan so it looks like the Chinese are fighting indirectly against Bitcoin to make it less value then make their citizens invest more in the Chinese yuan.
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 we expect from China? Of course, it will never stop from attacking bitcoin especially in this time of uncertainties as people particularly newbies will always believe even in FUDs. Whatever they say, bitcoin is not going to zero value, and its supply and demand has proven it. Although bitcoin never stays with its top price, but it won't settle too in a very low price. I guess those who never understand its volatility will always come out the losers in the end. 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)
I mean we should believe them, China doesn’t lie about anything at all 
. It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement.
. It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement. That is the main reason to make digital yuan their preferred currency and they are trying to implement it by force,last year they ban every cryptocurrency mining operation from all the farms that were the biggest amount in the whole world.They,the communist party there are a lot like Putin who want to force everything they think to the local population not caring much what this population wants for themselves.
Also I doubt you are the only one who dislike countries like China and others which are still led by communist parties.
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.
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.
I mean we should believe them, China doesn’t lie about anything at all . It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement.
. It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement. That is the main reason to make digital yuan their preferred currency and they are trying to implement it by force,last year they ban every cryptocurrency mining operation from all the farms that were the biggest amount in the whole world.They,the communist party there are a lot like Putin who want to force everything they think to the local population not caring much what this population wants for themselves.
Also I doubt you are the only one who dislike countries like China and others which are still led by communist parties.
Everything that happens in bitcoin is seasonal. The season of bear and the season of bull. Also the season of FOMO and the season of FUD. Now the season when China will tell us that bitcoin will die. I think this is the season. After this time, during 2024 bull, they will all shut up, after the bull they will come tell us again that bitcoin will die. We understand everything.
Meanwhile China wants to fight bitcoin to death and raise their own finance to manipulate the world, but they won't succeed.
Meanwhile China wants to fight bitcoin to death and raise their own finance to manipulate the world, but they won't succeed.
I mean we should believe them, China doesn’t lie about anything at all . It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement.
The reason is to popularise their digital yuan. Why don't they understand understand digital yuan is nothing more than digitised fiat. Bitcoin is completely different. If Bitcoin is something connected to a product or had something to show it a currency now we could've got more duplicates in the market. Maybe that too can be a reason for the same. . It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement. 
going against it then we do really have that kind of bad history against in between things and now they are saying about going back or down to zero? Its bullshit.
You are right that they are really that trying out with that shilling out their Digital yuan which the thing you do said is true that they are really just trying it out
to make some recognition but its true that this isnt something different with digital fiat thats why it cant really get that much support that they do expect.
I mean we should believe them, China doesn’t lie about anything at all . It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement.
The reason is to popularise their digital yuan. Why don't they understand understand digital yuan is nothing more than digitised fiat. Bitcoin is completely different. If Bitcoin is something connected to a product or had something to show it a currency now we could've got more duplicates in the market. Maybe that too can be a reason for the same. . It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement. 
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)
There's nothing new with it. China never fails to create the biggest FUD about bitcoin but then again, no matter how hard they'll try, they will never succeed in seeing bitcoin to end up with zero value. Because as long as the people continue to patronize bitcoin and never stop its demand, bitcoin value will always survive even in the deepest bearish market that is going to happen. 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)
I mean we should believe them, China doesn’t lie about anything at all . It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement.
. It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement. 
Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.
Yuppp they deliver the national statement like it's just a game , you can changes sides anytime as you wish.They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.
That is just terrible and i believe this one are yet another terrible theatrical lies , they are scooping more bitcoin in these buying season.
They are holding a lot of bitcoin while encourage everyone else to not hold any. Hilarious.
They have more power when compared to ordinary traders so it's obvious they will use their advantage to their advantage and this is actually the way of all in power with ostensibly warning but in essence is to stab in the back.Of course with this there will be a few people who believe and panic and this is what they want although I'm just going to laugh at this.
I honestly don't know what the Chinese government thinks about bitcoin and what their basic purpose is to spread FUD like that at the same time as bitcoin's crash. I know the most reasonable response would be that they don't like bitcoin and really want to destroy it, but the truth is this community is much stronger than the FUD they spread.
Whether we realize it or not, bitcoin will be much stronger after China spread FUD. But there is always concern in the market as the market is still volatile even if bitcoin tests higher resistance. There's always a possibility for a crash, but I hope that post-crash recovery shouldn't be a fake recovery that just lasts for a while.
Whether we realize it or not, bitcoin will be much stronger after China spread FUD. But there is always concern in the market as the market is still volatile even if bitcoin tests higher resistance. There's always a possibility for a crash, but I hope that post-crash recovery shouldn't be a fake recovery that just lasts for a while.
China spreading FUD indicates they are trying to encourage holders to sell their coins, consequently dumping bitcoin price even more. And why would they be so interested in seeing bitcoin at a cheap price range, since they theoretically have no interest for it at all? It won't be a surprise if China becomes one of the main holders for the next bull season in crypto market.
They say bitcoin is heading to zero, but that's just sour grapes, you know...
They say bitcoin is heading to zero, but that's just sour grapes, you know...
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.
Ah yes, the Chinese government trying to bash Bitcoins. Nothing new in the last few years. Who wouldn't listen for their personal financial decision on the Chinese government :-) they are for sure concerned about the average saver who is looking for a way to achieve financial freedom. I am sorry, but I am not listening to anything regarding finances that comes from a country that controls their currency and doesn't let it trade freely on the market. To me it sounds like China has it's own agenda and would like for investors to buy their digital currency. I will stick with bitcoins and happily will buy more if the price drops lower again.
They keep doing the same thing. I still don't understand why they do this. It's impossible for bitcoin to go to zero. In fact, they know this too. I think they are making such a speculation rumor to collect it from the bottom.
Their fud now is so bad that it didn't had any effect on the market. People already used to what they've been saying over the years. If they really hate bitcoin, then why there are a large numbers of bitcoin miners in their country. I don't think accumulating huge amount from the bottom is their goal why they keep fudding. They don't need to do it and just wait for this market corrections to buy. Maybe they want to take control of bitcoin because of its huge potential in the economic field in the future.
For me, What China is doing is just a marketing strategy. They are indirectly marketing their own while making people lose hope in Bitcoin. Without knowing, it is too late to come up with such an awkward strategy. Bitcoin is here to stay. The challenges can only fluctuate the price...
They keep doing the same thing. I still don't understand why they do this. It's impossible for bitcoin to go to zero. In fact, they know this too. I think they are making such a speculation rumor to collect it from the bottom.
Try to question why it doesn't appear often when the school is in a good stage. I can imagine a way of blocking like that, similar to a way of manipulating to prevent people from getting access to low prices, so they will buy more of what they have to offer. After many years, I see a lot of FUDs that keep repeating, but then there will be news that favors the market, so feel free to research and trust this market.
Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.
Yuppp they deliver the national statement like it's just a game , you can changes sides anytime as you wish.They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.
That is just terrible and i believe this one are yet another terrible theatrical lies , they are scooping more bitcoin in these buying season.
They are holding a lot of bitcoin while encourage everyone else to not hold any. Hilarious.
Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.
Yuppp they deliver the national statement like it's just a game , you can changes sides anytime as you wish.They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.
That is just terrible and i believe this one are yet another terrible theatrical lies , they are scooping more bitcoin in these buying season.
They are holding a lot of bitcoin while encourage everyone else to not hold any. Hilarious.
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