Topic: Disturbing (Read 702 times)

Tell that to the last green $1000 candle.

Of course for a heavily centralized like government wont really tend out to accept easily with Bitcoin.They know its disadvantages when they do tend to adopt it.

I dont know why people cant just simply understand on whats bitcoin and whats blockchain tech.Im not already surprised on what would be Chinas decisions towards things.
No matter what they do they cant really able to have a big impact on overall market.

We talk about whales here in bitcointalk about and how they change the prices however they want but we are forgetting something major which is China is the biggest whale out of them all. This is a nation that basically prints money without trouble because they are making soooo much money from other nations and they don't have much they want to buy from other nations, so they are basically always at positive and can use that money into investing.

So, whenever china says something bad about bitcoin and price drops, they can buy BILLIONS of dollars worth bitcoin and just let it be, if it doesn't go up too much they can say stuff like they are looking into blockchain to pump it a bit and then sell it to make a ton of profit. These are nations dealing with trillions of dollars, investing into bitcoin is a wise choice for them all.

OP, would you be surprised to know that markets price in potential changes to the landscape for the product related to the investment? It's the same with anything you can invest in and primarily stocks. BTC is less exaggerated in its connection to real world actions though as it's much more speculative based on market forces other than anything else. With that in account though, China is indeed a massive player and what the country's government allows or not could have serious ramifications in any market with its huge economy accessing or not.

This shouldn't be considered a disturbing factor, because earlier bitcoin growth was much associated with the decisions from china. This was all because of its support and the increased number of mining farms functioning in China. Major reason being the bitcoin's speculative feature which reacts. This isn't China, even if similar news come out of some other country that has got good number of cryptocurrency users then the scenario would've been the same.

Expect for it to come since they want to buy bitcoins at cheap price and they scattered those news so that they create panic so people will get annoyed and trigger the dump but actually this strategy is been much known by people and yet the effect of the fud is not the same on the past years since bitcoins became stable and provably those fud news coming and incoming will be replenish once year 2020 will came.

They often spread negative news. But later the news will slowly disappear and prices will rise again. This is just a game that's right as you say. If they really want to stop crypto or bitcoin they should have done it from a few years ago. This is their only trick to make the price go down and then be able to buy it

Most people do not really understand the difference between bitcoin and the blockchain, they think they are the same thing but we know they are not, and while China is by far the most obvious example of a government that likes the blockchain but doesn't like bitcoin on top of it the truth is that all governments are like that.

They are excited about having a ledger in which all the transactions of their citizens are visible to them, what they do not like in bitcoin is that they do not know who they are and that they do not control the network.

Disturbing? no, for all we know, China is just playing with us, they maybe focus on banning all cryptocurrencies now but I think they are also secretly holding some Bitcoin. We never know what's in their mind, they are in control of the regulation, hence they can manipulate for their personal satisfaction.

I believe that China has the biggest miners, how come they are banning crypto with that?
There is something in them that they kept in secret, they know that crypto is the next big thing, its impossible they would not share a single slice of the pie.

this last dump i am come from china whales and also dont forget with CME . there many whales that joined in mafia rents which is will always manipulate price with their resources. If we observe in market , many time after price drop sharply , suddenly good news come to market snd price increase again. Usually it come from china , from this country crypto market manipulated .

in my opinion in the Chinese government there is a pope who wants to manipulate the price of bitcoin. so they always make news about cryptocurrency that can affect crypto holders. and when the crypto holders are affected by the news it will have an impact on the price of crypto. and I have heard that most of the crypto miners and wholesalers are from China, which is why China's policy on crypto sometimes impacts the price of crypto.

yes it's just that the news about them seems to play a role in dropping the value of bitcoin on the market, but in fact if I see it doesn't have any effect because the charts always say right when the trend is up or down, other news is just a sweetener to add attraction so that all news sites about china and bitcoin always selling for them, returning to all traders there is nothing to worry about china

Maybe if you read my full post, you will know and other comments agree if in past, every movement of bitcoin price is followed by news in China. And that is what i means with "almost like". News about support bitcoin, ban bitcoin, or anything similar like that always come and it followed by bitcoin price in market. And usually in my local exchanger, some people follow Huobi market price first before they know bitcoin price pumped or dumped.

Probably it won't have an impact on the market but somehow people much more focus on the news making them undecided to take the risk but rather not.
Of course, they consider China would help for the market recovery but it turns off when they declare war against crypto exchanges forcing them to close and that it gives a reason for investors and trader to think.

Fundamentals would be ideal to be accompanied with technicals imho when we do base up for shorter trades.These kind of negative news in talks about China isnt really new and as said
they arent affecting too much the market even they are a big player of this cryptospace but wont really be enough to take this market down completely.

They do decide all of the things inside their mind towards cryptocurrency.They consider blockchain tech then suddenly ban crypto exchangers? Seems they do like to play for those people who support
this market but well it wont really be a major thing to be worried about.

Any news is essentially FUD. currently, It's not strange about the pros and cons of Bitcoin. which the government of the country that only adopted Blockchain technology but won't legalize crypto. This should not have much impact on the price of Bitcoin.

Honestly, bitcoin has been sustaining so many years even without China in the first place. Nowadays, they've been doing more ways to be part of bitcoin even though it's hard to fulfill while the market was still struggling. Don't focus too much for China, because they don't own bitcoin and this is only owned by people who truly believes the huge potential it has.

Truly Bitcoin doesn't have a future in China and vice versa. It is only China never looks Bitcoin of its purpose but instead of seeing it as crap. I don't think what really China wants for Bitcoin and what actually the leaders saw about. Not to condemn them for the reason of this fall cause they are not the only ones holding it but because of the spread of FUDs, China makes the center of the issue.

The problem is not really China but it is the market that is reacting to anything that China is playfully spewing to all willing to consume them. The latest debacle is so 2017 and I thought that two years can be enough for us to learn that China is not for Bitcoin and Bitcoin is not for China. Until we learned that big lesson well then China will continue to be exerting a lot of force on us which is really unnecessary. Can Bitcoin grow without China? The honest answer to that question can determine the future of Bitcoin.

Many people only believed what they've seen and hear at internet, and don't look into more developments on some aspects like positive news on bitcoin. We're only too focus with negative sides, that's why we fell with different struggling situation which isn't supposed to be happening. Their decisions always depends on what perspectives, and not from confirmed proof of evidences.

China has always been the ingredient to be the most frightening FUD news site, but does everyone here think that this often happens before and doesn't have a positive or even negative effect, many news sites do that because they see a trend when they go up they make positive news when they reach the downward trend they make negative and manipulating news, but I am a lazy person who reads news about any bitcoin out there, just focusing on analyzing charts and any news that comes from China is totally unobtrusive, in my opinion the best thing to invest in bitcoin is the long term

yes you are right op all the policies adopted by the Chinese government regarding cryptocurrency always have an impact on the crypto market. because we know that the biggest crypto traders and miners are from China. and China is also included in a strong country whose decisions can affect the world economy. yesterday when China and the United States conducted a trade war the state of the world economy became weak and caused several countries to experience a recession.

Indeed, it happened before when  there's news from china both good and bad there's following effects to the market. Speculators mostly followed
how the market moves then holders who doesn't have any knowledge about market movements never hesitate to quickly jumped into conclusions.
With this volatile conditions inside the market, every news impacted to the whole industry, investors keeps finding reasons to follow up their assessment and decisions.

How can you say China is controlling the price when they don't show interest to use Bitcoin in the first place?
If you think the price surged just because of the news from the Chinese leader showing interest in blockchain, then think again.
There must be something else that influence the sentiments in the market rather than just the Chinese news alone.

It already happened so many times and almost like China control bitcoin price. If you see some event in past, maybe Chinese Market usually be lead of another exchanges. I mean athough now the news that comes from China about cryptocurrency or maybe blockchain not really affect to the price, but sometimes people still believe it is very influential because of several events in the past.

Maybe planning to gave a centralized exchange where crypto users only deal with the government crypto exchange and it looks like they are moving on it right now. Chinese people should be aware on this and save their bitcoin or any altcoins before its too late, people are panicking again and the recent scam on Korean crypto exchange add the new spiced on this dump, a timely incident and a suspicious one.

Right now, bitcoin back to $7512 and I am happy to see the price can increase after it's down deeper. I see that the price changes too fast at the market and I hope that it could start to rise to a higher price. You can sell your bitcoin now if you buy bitcoin at $7000 and taking $500 is a nice profit. But you can hold for more to sell for another higher price but be careful, we still at the unpredicted of bitcoin price so you need to know what you should do.

Yeah we don't have any power bdw. What we can do if Big whale are taking control over the sea? 
The small fish only watch and follow the game which is made by whale. And China have a great power to do that. Then what will gonna happen with their local exchange like binance, etc?

Ok, I'll throw in the towel, China has 0.001% real effect on the market, the rest is people claiming that China is huge and it matters.
And it's not as important as Nepal but as...Bhutan?


Nope, it means actually watching what happens and how things evolve for six f years.
For six f years, all I've heard is that China is China will do, China is ....and look, 6 years later apart from the obvious fake volume there is nothing coming from China regarding bitcoin!
Nothing!

Look at how many shops are in the western world, look at how many companies are involved, how many people are talking and buying and using it. Yet the only Chinese you hear are involved with bitcoin are the ones fleeing the country  

No, it's not a western-centric point of view, me actually being on the border of eastern Europe, but reality!
For years I've heard stories about the huge growth in Venezuela, Nigeria, Zimbabwe, South Africa..it was all a lie, just like China is.
And the main culprit for this is indeed a biased view, people who hate the US and are trying to deny that the core of usage and ownership and everything regarding bitcoin (apart from mining equipment manufacturing) is based there. The same hate and denial caused by the fact that the US is seen as an emblem of fiat money is making people not see the reality of the BTC markets.

You can lie to yourself how much you want, China's importance in bitcoin is going to zero, and nothing is going to change this.
 

how does that prove that ATMs have a significant effect on the market? show us the numbers.

the existence of ATMs in europe or the USA doesn't change the fact that they never mattered in china.



you did say "there are no more exchanges there". actually there were hundreds before the government shut them down a few days ago. and comparing china to nepal is just ridiculous. i dunno if you just have an incredibly western-centric worldview or what, but that's just insane.


pffff, give me a break. at that time, okcoin was doing the same volume as bitstamp. in 2016, they were doing 10 million BTC volume per day. there is no comparison.

one article citing one source who looked at one 2-hour period is also not a basis to suggest (as you are) that all chinese volume in 2013 was fake. some of the top "western" exchanges like bitfinex and binance have been accused of faking volume too, but that's not a basis to say they have no effect on the market.

anecdotally, i knew dozens of traders in late 2013. nobody even followed gox anymore because we all knew china ran the market. all the moves triggered there (and later on the chinese futures market). by 2015-16 most of us were trading on huobi and okcoin because of the superior liquidity. sure we all joked about the "chopper" and the "volumizer" but at the end of the day, slippage at bitstamp fucked you 10x worse than okcoin. there was undoubtedly lots of real liquidity, more so than any western exchanges.


you're the one claiming china has zero effect on the market. the burden is on you......


that's not an actual argument......

are you suggesting that >4 billion USDT hasn't been issued? that it hasn't grown by 4000% in the last 1.5 years, during a time when chinese traders left mainland exchanges en masse? that 99% of spot trades in china are not using tether?

what exactly are you rolling your eyes at?

the circulating supply says nothing about their dollar reserves. i'm not commenting on that. but it does corroborate chainalysis' report that USDT has completely replaced the yuan for chinese speculators---which you are conveniently ignoring.


i think we've established that the volume numbers were completely inflated by early 2017. (but again, that does nothing to prove your claim that china has zero effect on the market.....)

this is also just localbitcoins, a western site. it offers a glimpse of the p2p market in china. i've been told that wechat and alipay are much more common venues for p2p trading in china but we have no data for that.

I've never seen anyone buying a diamond, thus there are no people buying diamonds.
Then can you explain why the hell do we have 6000 atms? It's businesses wasting money?

The guys from shitcoinclub have a list of their atms and the funds available, I was amazed to see those numbers going down day by day on the order of thousands of euros, and we're talking about eastern Europe here....


Where have I said that bitcoin disappeared from China?
Don't go that way, don't put words in my mouth, I like strawberries:P


If you would know your history you would know that the fake volume war started in 2013:
Chinese Bitcoin Exchange OKCoin Accused of Faking Trading Data
Dec 21, 2013 at 20:10 UTC



Right back at ya!

Seriously?



So, from 25k bitcoin an hour, the amount huobi was claiming to have on the day before.....the response was 1000 Btc a day!
It sounds pretty realistic to me.

Common lines to be spoken off by the community neither both ways.When theres a pump then there would be always a reason and same goes for drop where people do keep pointing on fingers nothing new!

what is this evidence of? i've never seen anyone using a bitcoin ATM. and hardly anyone spends bitcoins at merchants, especially brick-and-mortar merchants. bitcoin is clearly a speculative asset first and foremost. i know chinese traders and they don't give a fuck about bitcoin ATMs lol.

btw, the chinese government just closed down 173 of crypto exchanges/platforms. so you can give up this charade that bitcoin completely disappeared from china when the government banned exchanges in 2017. https://beincrypto.com/china-shuts-down-173-cryptocurrency-exchanges-and-token-issuing-platforms/


if you actually knew your history, you'd know the fake volume wars began in 2015. look at any okcoin chart; its clear as day. yet china was the primary driver of the late 2013 bubble. any old school traders here will attest to that.

nothing you're saying proves that chinese speculation isn't a huge part of the market. the addition of fake volume activity since 2015 obfuscates the true data; it doesn't magically erase china from the earth.


no. i'm trusting chainalysis' report that 99% of chinese spot trading is done with tether, and i'm trusting tether's blockchain issuance.

coinmarketcap's numbers are also inflating bitcoin volumes, not just tether. the point is that tether's massive inflation and trading volumes appear to be directly linked with china's prohibition of centralized CNY exchanges.


yes, from 200 BTC/week.

you're glossing over the fact that nobody traded p2p prior to the withdrawal freeze in early 2017. everybody used exchanges like okcoin because you could do instant e-wallet transfers in and out.

the week before okcoin, btcc, and huobi froze withdrawals, there was 218 BTC in localbitcoins volume. a few weeks later, there was 7300 BTC in localbitcoins volume. more than a 3200% increase, and obviously a direct response to the situation at centralized chinese exchanges.

the gradually declining localbitcoins volume to date coincides with the massive ballooning of tether's market cap from $100 million to over $4 billion. we now know that chinese speculators are a huge part of that. chainalysis says so, and so does the fact that tether is pushing even further into the chinese market by issuing a CNH stablecoin.

Ol' Big Whales!
After a fast bullrun, a drop will surely happens so people can make some profit (2 much 4 big whales), meanwhile other people are discussing why it is up or down, blamin' chinese, russian...

Because there are zero atms, zero business there, you can have a wallet full of bitcoins in the capital but you will have to eat leftover at McDonald's because there is no damn business accepting your coins.
Because from the first moment we had Chinese exchanges they were inflating their numbers by 1000x, because everything coming from there was fake information, fake numbers, fake everything.



Again, you're trusting numbers coming from okcoin&co...seriosuly?
https://coinmarketcap.com/rankings/exchanges/liquidity/


Baloooned to....4000 btc /week?
Or less than Russia was doing on a daily base?
Only to drop after below the UK?
Not impressed!  


Agree with the first part, adding a bit to the last to agree.
It is still one huge FAKE part!  

why do you think that?

the exchange ban just sent chinese exchanges and traders offshore. yuan-denominated trading may be way down since then, but that's all. according to chainalysis, tether is used in 99% of bitcoin spot trades in china.

this year, tether surpassed bitcoin in trading volumes: https://www.bloomberg.com/news/articles/2019-10-01/tether-not-bitcoin-likely-the-world-s-most-used-cryptocurrency

and research now shows that china is responsible for the majority of global tether volumes: https://cointelegraph.com/news/research-china-leads-world-in-tether-trading-volumes-in-2019

we can also see the size of the p2p market ballooned after the major chinese exchanges froze withdrawals in early 2017, suggesting the market is much bigger than centralized exchanges: https://coin.dance/volume/localbitcoins/CNY


they never banned bitcoin usage, p2p trading, bitcoin mining, mining manufacturing. all they banned was domestic ICOs and centralized exchanges. the ICO market is dead anyway and the exchanges all moved offshore.

nothing fundamentally changed---china is still a huge part of the bitcoin market.

Just try to swim with the whales when you're a small fish.

There will still be plenty of Chinese folks who hold a lot of coinage and of course miners will be having plenty of new ones arriving as well.

Even though the whole scene is supposedly nullified there there's got to be some seepage into other markets. The big players won't walk away that easily.

A sudden change on becoming the apple of the eye.
They have done too much ruckus in the crypto space and that is why analysts out there are always looking at their move.
The bad thing though is there is no fact that could back up if they are the reason behind all this pumps and dumps that is happening with bitcoin.

They are just speculating and it could be anything.
Some whale maybe using this opportunity to manipulate the market.

No, you can't know something that doesn't exist!
China has as much influence in crypto right now as Nepal.

What is has, it has a bunch of panicking morons who at every piece of garbage half-line coming of China are screaming like some mad geese and simply won't shut up no matter how many arguments are hammered on their heads.
China means zero, there are no more exchanges there, there are no shops, no ATMs, no real usage, there is only mining and that also slowly dings down. So, for god's sake stop this madness.

And furthermore, how can you even claim they have a big influence when they've already banned it?
Use logic, it's like some hardcore vegans stopped buying honey-baked ribs and now the entire pig industry is in bankruptcy!

Is it really disturbing? What is disturbing is how markets knew about this coming for ages and still reacted, somehow, some way, this strongly, which makes absolutely no sense to me and suggests that there is currently a lot of irrational actors driving price action.

The PBoC was never intending to endorse decentralised cryptos in the first place yet people were acting like they were when Xi's comments initially came out.

It's an overreaction both ways, imo, and there is no reason to believe that prices should fall down to previous bear market bottoms again.

We know how big china's influence in crypto, but the fact that they have already banning crypto years back, it should not affect much now if they made an announcement again. AFAIR, they announce a ban before the last bull run, but what we have, we have a great bull run and even China FUD that time is useless. Maybe let's just focus on other things and be mature already, forget about china's negative first since the banning is very negative and it has already affected the market, too some times to positive adoption other country has done and offered.

I am telling you, BTC will pump again, that's the game.

Again and Again, news like this from china. always there's a FUD on china. do you think still any hidden scenario from this news right ?
how do you think ? just use our logic. why now? bitcoin already operated on there for almost 10 years. and now they make this become a problem? it's like a joke man. an Old method still used for making ppl panic. because these years become last time for buying bitcoin at deep price.

It's not only China we need to worry about. Thanks to Libra, the US Congress is mulling over a bill that would make centralized stablecoins "securities" under federal law: https://www.cnbc.com/2019/11/21/new-bill-would-make-facebooks-cryptocurrency-a-security-under-the-law.html

That could have big implications for any exchange that serves US customers and lists stablecoins. Thanks a lot, Zuckerberg!

On the plus side, it could be a boon for decentralized stablecoin liquidity. Coins like DAI aren't "managed" stablecoins.

For people who already know on how to use bitcoin for sure they will not leave it since they surely don't want to lose a source of profit since we all know what bitcoins could possibly bring to us interms of investment and those China fuds will subside since many people will forget those news and it's not new we already encounter many of these so provably these is a sort of manipulation to create a bad impact to the price of bitcoins.

Since they have spoken we have need to get used to it that China will not accept Bitcoin only blockchain, but I highly doubt if they can stop it's people to hodl and use Bitcoin, they can do it in their jurisdiction, but we have Chinese already in Cryptocurrency and there are Chinatown or Chinese in every part of the world, and this is only for Xi Jinping administration, government come and go but Bitcoin will still be here.

China is most adept at playing information through the media. From the beginning I knew crypto every important moment, they would definitely issue a statement that would make the market go down or up. And it seems like this will continue to happen in the future. Now we just have to anticipate the news with the position of buying or selling or holding assets or bitcoin that we have

Thank God they are finally out.

There is still a lot of country out there. That is just one.
We should really move on to why it had always been China who could move the bitcoin price.

What is next? Maybe we should talk about Japan or Russia. Those are one of the third world countries that are also booming in technology.

China has two faces catalyst it can blow the market at same time it could hurt the market too. Many people are so much affected by Chinese news or probably Chinese traders has so much more power that can influence the crypto market.

It's all about China now?!!
What happened to the wise people. Are they really that dumb by now to not have their own speculation anymore?
I mean, why does every price drop and pump will come from the effects of what Chinese government said?

We should really stop this nonsense.
Let us go back into why bitcoin really moves like crazy.
It is volatile. Period. Fin. End.

That move on their part blew my pea-sized mind. It's as if they were actively looking to get 15 bulging inches up them all the way to the hilt.

I never bothered to look into the details of it or how used it is. The whole idea seemed bonkers from the off.

there's more to come. the PBOC issued a statement suggesting they will "further regulate" offshore exchanges that serve chinese residents. https://twitter.com/DoveyWan/status/1197809485726638083

the first thing that pops into my head when i see that is tether, given their huge push into the chinese market over the past year:


imagine bitcoin's two greatest sources of FUD---china and tether---joining forces. this could be the most explosive FUD of all time in the making!

Heh heh heh.  Well, a lot of mining comes from China and that's something to go along with their counterfeit goods and god knows what else. 

Seriously tho, don't underestimate the sheer number of people in China and what kind of influence they can collectively have.  Not saying they're responsible for what happened with bitcoin lately, but I haven't heard a better explanation yet.  It could well be simple market forces behind all of this instead of a very powerful Chinese cabal, but there's no way of telling is there?

Yeah, and they should just learn to shut the hell up.  Same thing with Trump.  Especially Trump.

And it won't solve anything, the chapter can't be closed, it's like the flat earth debate, every time you think it's over another one pops-up!

China cand go two extreme ways
a) capital punishment for everyone that owns, trades, types or pronounces the word bitcoin or crypto.
Result? Every week we will have a topic wondering if China will accept bitcoin again!
b) China adopts bitcoin as the only legal and mandatory currency
Result? Every week we will have a topic about all this being a trap and China plans to take over bitcoin and crush it!

No, there is no way this China madness will ever end, it's the perfect excuse to be bought with any dump or pump, the perfect ingredient for some conspiracy stuff, we will never get rid of it.

I agree to the man above. Teaching newbies the hard way possible could possibly be a thing for something more bigger to change.
This have crossed my mind for quite a long time. And I as well think that Xi Jinping does need more than a crypto enthusiast. Maybe a psychiatrist? just for this long battle may come to an end. Because I do not know what is real anymore on what are probably the causes of changes in the market, and what really is China towards to crypto currency.

Well I hope they get my prediction right for the year end price contest, if somehow I proved especially too positive its going to surprise me just a tad.



That would explain why we lost pretty much all we gain previously from that speech.  I got zero surprise on that 'news'   Its the communist party or a military dictatorship if we are dropping any pretence, if somehow the threats of men with guns are the most important dynamic in crypto or in the world even then my soul is already injured beyond repair and the price is irrelevant.
   However I don't actually think red party bureaucracy sets the worlds tides, we have more important and natural phenomena to focus on and that will prove positive for crypto.   A reversion in the price on that previous hyped speech I guess does spell lower, a false break up helps lower the price as it discourages buyers in the price.    But also I would argue if the world is taking communism as some new negative then thats bullish.  Nothing changed and they were always idiots no matter what speech they come out with, the price is just jumping about in a volatile way as BTC is prone to do.   This lower price is not based on an actual new negative in fundamentals to be scared of nor the price action similarly.

It was to be expected after China's blockchain announcement. People here are so stupid that you can make them believe whatever you want.

As always, the chart is the news; we broke below an important trend line, nullified the $3000 pump, saw the volume drop significantly, etc. It was a perfect bearish setup, one I took advantage of. This is going to sink much deeper. Short term speaking there might be a bounce up, possibly up to $8000 but it won't last.

I'm prepared for low $6000's and believe it's very realistic with the december month historically being a bad performance month for Bitcoin. Great time to accumulate.

they would just be enforcing the ban they issued in 2017. all chinese exchanges of note already shut down or left the country, hence the emphasis on "local" (read: small) exchanges.

the chinese government always likes to send a message when they sense that bitcoin speculation is on the rise.

Disturbing as it may sound. Chinese fud never fails, it always work for everything a media can do. If they wanted the price to rise, they can initiate news just about anything and if they want price to dip, they can lie about Shanghai binance office. What else that we can't believe?  China can make an impact to the current price no matter what so all these can rely so much about what they do and I guess all you can say wold be just to thank the crypto sites that publishes all these.

Whether it's true or not, it's still enough to get that newbie blood pumping. It's boring and crap but it is what it is.

I think I might start sleeping with Xi Jinping so I can persuade him to stick a fork in Bitcoin on national TV to close this chapter for good.

China FUD in 2019. Great.

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 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.

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.

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