But for those who have so much experience in this market, we all know why Chinese hates bitcoin and would promote other altcoins which doesn't make sense at all, unless in our point of view.
So I would rather not listen any news coming from China, and not stressed ourselves because we all know that they have their own motives releasing this kind of news to us.
We have move on already, and China giving bad news on bitcoin will not affect its market anymore.
They support altcoins because they have a better technology than bitcoin, but they cannot dictate the people, they will only trust the first popular crypto in the space and that is Bitcoin. As of now, no signs of Bitcoin getting replace, in fact it's again having a good bull run.
I learnt their decision to stop miners was on the 7th of May but until now, I am still yet to see any news as regards that or any effect of it on the market, I guess they must have silently scrap that idea of banning miners. This is how bitcoin has been gradually overtaking the world through the hype and through the FUD, fortunately, FUD news has not even been having any effect on the market of BTC.