Topic: China warns Bitcoin is heading to zero - page 7. (Read 1078 times)
So once again this China nonsense is surrounding the market of which they want to take advantage of by spreading rumours and FUD of it going to zero so they themselves can attain more of it and gain profits.They have been anti bitcoin for so long but also holds it but it didn't affect much to bitcoin now while the prices are going down due to some other reasons.China just want to seek attention of the people by spilling out these talks and trying to manipulate the market but can't work.
They still care about Bitcoin after they have ban it and drive away miners from the country.
They care because it sound like they want the market to be not so volatile. They are dominating this market from the start of Bitcoin which miners are just in China's backyard, I think they are already regretting it. So it wouldn't really be surprising when they start accepting and allow miners again.
Why do they have to warn people, if they basically banned it? Is Bitcoin such a threat to their control over the Chinese citizens... that they have to resort to FUD to fool people? How desperate can a government be to lie to their own people....to manipulate them into believing that Bitcoin is bad?
I hope the majority of the Chinese citizens are not just sheep..... and that they can think for themselves. Even after the Chinese government "banned" Crypto mining.... almost nothing happened in the markets.
I hope the majority of the Chinese citizens are not just sheep..... and that they can think for themselves. Even after the Chinese government "banned" Crypto mining.... almost nothing happened in the markets.
They care because it sound like they want the market to be not so volatile. They are dominating this market from the start of Bitcoin which miners are just in China's backyard, I think they are already regretting it. So it wouldn't really be surprising when they start accepting and allow miners again.
Quote
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.
“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.
The best propaganda is when they mix truth with lies.
Let's be honest here, the crypto markets are full of manipulation, high leverage and pseudo-technology. The important thing is that Bitcoin isn't connected to those accusations. We the Bitcoin maximalists cannot be blamed by anyone for the thousands of shitcoins, crypto scams, stablecoins, NFTs, HYIP scams, which are true "pseudo-technology". We never asked for this shit and putting the blame on us is simply wrong.
Yes, the Bitcoin price is volatile, but so what? Aren't stocks and commodity prices volatile as well?
Crypto traders are really making money by buying low and selling high. Is this a crime or something?
Aren't stocks and commodity traders also making money by buying low and selling high?
Chinese government like creating FUD, they banned bitcoin and cryptocurrencies, they ban bitcoin mining and cryptocurrencies mining. Bitcoin has been banned in China several times and yet they were unable to make some of their citizens not to use bitcoin again. Now, they are creating false news about bitcoin in a way to just desist their citizens ffrom buying bitcoin. This is bear market already, I hope people will not be foolish to listen to what Chinese government said about bitcoin because who buys now and hold for long will not lose but make profit.
Why do they have to warn people, if they basically banned it? Is Bitcoin such a threat to their control over the Chinese citizens... that they have to resort to FUD to fool people? How desperate can a government be to lie to their own people....to manipulate them into believing that Bitcoin is bad?
I hope the majority of the Chinese citizens are not just sheep..... and that they can think for themselves. Even after the Chinese government "banned" Crypto mining.... almost nothing happened in the markets.
I hope the majority of the Chinese citizens are not just sheep..... and that they can think for themselves. Even after the Chinese government "banned" Crypto mining.... almost nothing happened in the markets.
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.
I love it! I already know some will be foaming at the mouth but for China to say that Bitcoin and the Crypto market is a western creation and heavily influenced by the western market is music to my ears, the moment someone accuses a thing of being under the western influence is the moment you an know for sure they are scared shit of it. The sooner they cut every single forgotten thread linked to bitcoin the better, let them deal with their own non-leveraged not manipulated not Evergrande markets, and with their own advanced technology that made the leader of 5G communication unable to make a 5G phone.
Not gonna lie — they totally sucked at FUDding on this one. They could've probably used something that could convince the normies far easier such as the "quantum computing will break Bitcoin's security" or something like that.
It's not about throwing FUD at bitcoin, it's the usual CCP propaganda as the original was published in the official paper of the Central Committee, thias is like 10 times worse than Pravda, their aim was another jab at the US
Quote
The lack of regulation in Western countries, such as the United States, helped create a highly-leveraged market that is “full of manipulation and pseudo-technology concepts”. Tightening monetary policies in Western economies have led to a global sell-off of a range of risk-laden assets, including cryptocurrencies, while a growing number of crypto lending platforms, hedge funds and stablecoin issuers are now mired in financial distress, cryptocurrency trading and speculation severely endanger people’s “property security”, breed criminal activities and disrupt financial order.
The usual propaganda from back in the 80s, the corrupt western world is falling apart, the fact that they don't stand in queues for a loaf of bread shows how unhealthy, undisciplined they are and how they lack the moral duty of starving for the motherland
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.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
They have no credibility.
What they say is intended to stop people from buying, rather than being a disinterested description of the facts.
Exactly, they want to kill two birds with one stone. they want people to distrust bitcoin and trust their CBDC.
Anyone who is a little informed can clearly see the move.
What they say is intended to stop people from buying, rather than being a disinterested description of the facts.
What you're expecting from the country that fully banned of crypto use and they will want to launch their own CBDC? They will create a FUD about their competitor e.g. Bitcoin to make all their citizens to stick with CBDC only, while it's just a same centralized fiat in different way payment and most importantly will lose the value due to inflation.
Exactly, they want to kill two birds with one stone. they want people to distrust bitcoin and trust their CBDC.
Anyone who is a little informed can clearly see the move.
every year have gotten used to hearing this kind of fud. But strangely, the more fud, the more famous bitcoins become. So don't take it too seriously. just make it an annual entertainment. because many have said that about bitcoin.
What you're expecting from the country that fully banned of crypto use and they will want to launch their own CBDC? They will create a FUD about their competitor e.g. Bitcoin to make all their citizens to stick with CBDC only, while it's just a same centralized fiat in different way payment and most importantly will lose the value due to inflation.
Quote from: https://cointelegraph.com/news/china-warns-bitcoin-is-heading-to-zero-but-boe-looks-on-the-bright-side
“In the future, once investors’ confidence collapses or when sovereign countries declare Bitcoin illegal, it will return to its original value, which is utterly worthless.”
They're view it on negative perspective, if you view it on the other perspective, it will be:Quote
“In the future, once investors’ confidence buildup or when sovereign countries declare Bitcoin legal and accepted as legal tender, it will return to its original value, which is utterly valuable.”
Not gonna lie — they totally sucked at FUDding on this one. They could've probably used something that could convince the normies far easier such as the "quantum computing will break Bitcoin's security" or something like that.
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)
Jump to: