China FUD in 2019. Great.
Topic: Disturbing - page 4. (Read 702 times)
I say this is FUD again. I was there watching it happen in 2015 and they had a strategy of releasing "breaking news" about china banning Bitcoin every 2-3 weeks and for months it was lies and lies, over and over. Ultimately, after about 8 months of FUD China denied banks from serving exchanges, but they did not ban bitcoin or mining.
I wonder why there are so many college professors creating worthless papers about Bitcoin being centralized, or Bitcoin being bad for the environment, but nobody cares to track down and expose those FUD telling social media accounts from China.
We have so many new people in the space who don't really remember Chinese FUD. I wish they would know better and not panic, but it looks like they will have to learn the hard way.
FYI, the official stance of China was negative for the last 5 years. They had no exchanges and they were not recognizing it as a currency! There's no chinese crackdown, because they have already banned it 5 years ago! There's nothing more left to ban besides miners, and they've already said that they aren't going to shut them down.
I wonder why there are so many college professors creating worthless papers about Bitcoin being centralized, or Bitcoin being bad for the environment, but nobody cares to track down and expose those FUD telling social media accounts from China.
We have so many new people in the space who don't really remember Chinese FUD. I wish they would know better and not panic, but it looks like they will have to learn the hard way.
FYI, the official stance of China was negative for the last 5 years. They had no exchanges and they were not recognizing it as a currency! There's no chinese crackdown, because they have already banned it 5 years ago! There's nothing more left to ban besides miners, and they've already said that they aren't going to shut them down.
I do not think that the current drop in the price of bitcoin is associated with events taking place in China. Moreover, since the summer of 2017, cryptocurrencies have constantly threatened with bans in this country and partly are constantly trying to limit something. Recently, Bitcoin has stopped responding to such news. The current drop in the price of bitcoin is most likely due to some manipulations in the cryptocurrency market. Something is apparently brewing. We need to observe what will happen next.
And at this point in time did China announce that they are vowing to ban all local crypto exchange inside their country.
I wasn't aware of there being any. I thought it was all OTC or P2P.
As above, China has been a plump, engorged, glistening tumour on Bitcoin since minute one. Nothing of worth has come from there. I'm amazed 'bans' still have an effect. The writing has been on the wall for nearly five years now.
They have at least differentiated between BTC and all the ICO shit and the average scammy alt. That still doesn't mean they're going to welcome it.
Oh lol,
China bans something again!
Run!!! Panic!!! The purge!!!!
But, one of a few articles that finally tell something right and show the true picture of the things going there, which most of the people in this forum still don't get it.
China was never interested in bitcoin, all they care about is the blockchain, just as there are no shops, there is no usage there is only mining and manufacture of equipment, for them and the people it's not about the principles behind bitcoin it's about profits.
And the leaders think the same, they want something which they can control and make money out of it, and bitcoin comes with way too many disadvantages for their policy.
Long story short, as I said a few days ago, a week ago, a month ago...and so on.
Nothing good for bitcoin will come from China.
China bans something again!
Run!!! Panic!!! The purge!!!!
But, one of a few articles that finally tell something right and show the true picture of the things going there, which most of the people in this forum still don't get it.
Quote
Blockchain, not Bitcoin
I don't understand why it is so hard to ..understand!China was never interested in bitcoin, all they care about is the blockchain, just as there are no shops, there is no usage there is only mining and manufacture of equipment, for them and the people it's not about the principles behind bitcoin it's about profits.
And the leaders think the same, they want something which they can control and make money out of it, and bitcoin comes with way too many disadvantages for their policy.
Long story short, as I said a few days ago, a week ago, a month ago...and so on.
Nothing good for bitcoin will come from China.
It's kinda disturbing how every major overhaul is a result (Probably) of China's action towards the crypto space. Last time when BTC jumped from 7.3k to 10k, there were talks that it was China's announcement regarding their choice to concentrate on developing blockchain technology. We've seen the gradual stabilization of 10k to 9k then dropping down to a bull run of 8k and at the moment, 7.1k. The progress from 9k - 8.1k took a few weeks to say the least, and yet, BTC suddenly took a drop from 8k - 7.1k, ever so closing into the 6k mark.
And at this point in time did China announce that they are vowing to ban all local crypto exchange inside their country. This isn't a result of them having majority of their local market for the crypto, but a genuine ban on it and instead said that they would focus more on blockchain technology instead.
source: https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges
And at this point in time did China announce that they are vowing to ban all local crypto exchange inside their country. This isn't a result of them having majority of their local market for the crypto, but a genuine ban on it and instead said that they would focus more on blockchain technology instead.
source: https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges
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