Topic: Does China FUD matter anymore? - page 2. (Read 512 times)
I guess it got blown over already, and any type of similar news would similarly have the same ending. Not to mention that China is advocating for its own cryptocurrency no? Not that I've heard much news about it recently though. Not to mention that the number of exchanges is increasing more and more, and well, if I were them, I'd develop the exchanges to ones that can operate in a global scale. With that, I'd really doubt that crackdowns in china would matter much. Besides, one way or another, FUD is just hyped up news of an event that literally contains about 1% truth. The majority of them are just over-exaggeration of the reality, mainly so that it can actually be called as "news".
As of now, it seems to me that we now over the influence of the Chinese governments as to the price movement of Bitcoin. Or it can be because for the past many months the government has not made any pronouncement relevant to it. However, I also believe that the market has been already wary of the influence which news from China on cryptocurrency. In other worlds, we are fully tired of them and we are not anymore listening though we are still recognizing the fact that many Chinese are holding vast amount of Bitcoin and their actions can still sway the market to go up or down and the fact that Bitcoin mining is still lead by China.
It doesn't have to be a country also. Some financial institutions or some big shot traditional investors creating FUD just so they can buy more BTC at a discount.
the FUD is not created by the big shot investors, countries,etc. it can simply be created by any small time newbie and then spread and become big. years ago someone saw the big numbers the Chinese exchanges reported as their volume and started the trend of "China controls bitcoin" FUD. about 6 months ago someone saw a similarity between bitcoin and stock market for 24 hours and started the FUD that "bitcoin follows stocks and will be dumped whenever stock market dumps".all you have to do is make it intriguing and post it on the internet, next thing you know all the news sites that are desperate for traffic are writing about that FUD!
People have developed some sort of "immunity" just like how our bodies gets immune to some illnesses. I'm not a medical expert hehe.
.....Bitcoin is not even in there top ten, lol, and I'm sure the next reports will show bitcoin perhaps in the 15-20 spot. So it just shows that they are no longer in the bitcoin bandwagon, or at least that's what the message the government is trying to send the us.
You can also add the fact that they have been working on the CBDC and they probably closer to rolling it out to the entire country.FUD has always been here and will always be in this market in the future. the subject of it changes but the principles are the same. it doesn't even have to be "China" but any other country as we have seen in the past. for instance in the past couple of months they literary replaced the word China with the word USA and released the same exact nonsense FUD.
it is always an attempt to cause panic sells, and sometimes it is successful and sometimes it fails. the important thing is that it will never affect anything in the long run.
It doesn't have to be a country also. Some financial institutions or some big shot traditional investors creating FUD just so they can buy more BTC at a discount.it is always an attempt to cause panic sells, and sometimes it is successful and sometimes it fails. the important thing is that it will never affect anything in the long run.
FUD has always been here and will always be in this market in the future. the subject of it changes but the principles are the same. it doesn't even have to be "China" but any other country as we have seen in the past. for instance in the past couple of months they literary replaced the word China with the word USA and released the same exact nonsense FUD.
it is always an attempt to cause panic sells, and sometimes it is successful and sometimes it fails. the important thing is that it will never affect anything in the long run.
the number of bitcoin full nodes is estimated to be around 100k.
it is always an attempt to cause panic sells, and sometimes it is successful and sometimes it fails. the important thing is that it will never affect anything in the long run.
Big mining pools are in China but there are very little bitcoin full nodes from China. With 9088 full nodes, total nodes come from China are 186.
you can't make this claim because you are NOT looking at all bitcoin nodes. you are just looking at those which you can see aka the reachable nodes. 90% of bitcoin full nodes don't accept incoming connections which means you won't see them.the number of bitcoin full nodes is estimated to be around 100k.
We don't know until it happens once again. Perhaps if the FUD is grounded on rumors just like in the past, it won't matter much. But if the FUD is founded upon an actual stricter state policy and serious crackdown actions by the Chinese government, I think it matters still. Bitcoin's strength is growing in so many countries but the Chinese market is admittedly large enough that it is expected to cause some significant movements in the price.
China with their regular banning & unbanning of bitcoin used to have a big effect on the price. I don’t think anybody cares any more, the shock value in what China does or doesn’t do in relation to bitcoin doesn’t really cause an impact these days.
People are already tired of what they want with crypto.
So right now, don't think it will matter to the crypto community.
They can basically do what they want, and the crypto community will not bother them.
Well, they know what is the situation in China. And despite saying that they are banning crypto in their area but wondering why there are exchangers still working. We know also that China is very influential and their capability to manipulate people has proven enough. FUD's could still be working, those newcomers will certainly be victims to this scheme and do the panic selling. But the effect is not likely the same as what happens before. Many had already learned from China and only those people who know nothing will be affected.
Chinese have different mentality when it comes to business.
So there's really no surprise if there are still big Chinese exchanges that are still operating.
And don't be surprise if tomorrow, we will hear from them about accepting crypto in their system.
Well, they know what is the situation in China. And despite saying that they are banning crypto in their area but wondering why there are exchangers still working. We know also that China is very influential and their capability to manipulate people has proven enough. FUD's could still be working, those newcomers will certainly be victims to this scheme and do the panic selling. But the effect is not likely the same as what happens before. Many had already learned from China and only those people who know nothing will be affected.
The only FUD that can really affect us is that the Chinese totally shutdowns bitcoin mining. But other than that, since they already made a U-turn on bitcoin and just embraces the technology behind and altcoins/shitcoins.
https://www.chainnews.com/articles/647805801818.htm
Bitcoin is not even in there top ten, lol, and I'm sure the next reports will show bitcoin perhaps in the 15-20 spot. So it just shows that they are no longer in the bitcoin bandwagon, or at least that's what the message the government is trying to send the us.
https://www.chainnews.com/articles/647805801818.htm
Bitcoin is not even in there top ten, lol, and I'm sure the next reports will show bitcoin perhaps in the 15-20 spot. So it just shows that they are no longer in the bitcoin bandwagon, or at least that's what the message the government is trying to send the us.
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First of all, the news writer totally doesn't understand what happened to the Huobi COO cause he was not missing but he was actually arrested by the Chinese police just like they did to OKEx founder.
With that been said, the best thing every crypto investors and traders can do is to stay away from every China exchange site but I still don't understand is what gave them the power to arrest the official of an exchange that is not licensed by the Chinese government and also not operating on their soil ever the 2017 issue.
With that been said, the best thing every crypto investors and traders can do is to stay away from every China exchange site but I still don't understand is what gave them the power to arrest the official of an exchange that is not licensed by the Chinese government and also not operating on their soil ever the 2017 issue.
It depends on what cycle we have, right now we are in the bullish sentiments, so no matter what negative news we got not just coming from China, it doesn't matter and it doesn't affect the price negatively. And I guess the market and the investors mature already, if this is 2017, I'm sure that those kind of news will have a dent in the market as soon as it is released to the public. But not today, we have come along way that we just shrugged it off, rolling our eyes over, but that's it.
A good test case is the $1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History. Damn, if that coin moves in 2017, and then later on we know that US files a civil action to that hackers to forfeit and seize? I wouldn't be surprised if the price nose dive to -30% or more following that news.
A good test case is the $1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History. Damn, if that coin moves in 2017, and then later on we know that US files a civil action to that hackers to forfeit and seize? I wouldn't be surprised if the price nose dive to -30% or more following that news.
From what I understand the majority of Bitcoin mining takes place in China nowadays, but I don't think any news of China either cracking down or welcoming/accepting Bitcoin more will have much of an effect on the price. The knowledge of Bitcoin has spread worldwide and it is now nearly a household name. I think if anything, China cracking down on Bitcoin more would only help to increase the price as the news would catch more people's attention and they might think- "If the communist government of China is trying to shut down this whole Bitcoin thing then it must be something of revolutionary ideals that's worth looking into." Just my 2 cents.
I believe China FUD became irrelevant a long time ago, we've already saw some attempts to restrict mining and trading in the past few years, and it didn't lead to any bear markets. China might still have a lot of mining, but they aren't a big player in crypto world, they don't have a lot of adoption. If the US or EU made a move against Bitcoin, that would be much more serious, because it would be both new and a lot of adoption, even if it's only adoption as an investment, is coming from these regions.
Regarding the China FUD, if any of you guys are using Binance, have you guys withdraw your funds to a different exchange if your interested in selling when the price reaches ATH?
At this point we all know China as the grumpy party pooper in the cryptocurrency fiesta. Despite that, they still have an awful amount of traction especially from the newbie demographic. These people are the easiest to sway and persuade. For veterans, we already know how things roll so we are not easily swayed. And with the coming if new investors brought about by the pandemic, they're going to do things to have these people be convinced to not invest or dump.
I don't think it matters at all. Bitcoin and crypto has become too global, mainstream, and is much bigger than just one country.
China dominated the BTCitcoin market for a long time and majority of the trading volume comes from China and so is the reason anything that comes out from China had an impact on the entire market and the FUD was mainly whenever the market was moving higher and that would halt the movement and we usually see a correction. The ban from the Chinese government was a blessing in disguise for the entire market as it helped the market move away from its clutches 
. 
This is a great question and personally a great topic to revisit for myself. One of the first questions I came on here and asked was about the effects of China banning cryptocurrency. Back when every time China said anything about bitcoin or crypto the value would either drop or rise significantly. Anymore today I'm with you and the chart..I don't think it matters at all. Bitcoin and crypto has become too global, mainstream, and is much bigger than just one country.
There's a good chance that the influx of US corporate buyers make China FUD matter much less.
But if I'd trade I'd still be careful with it, since if the stars align correctly their FUD may matter on the markets (even if it'll be for shorter time).
But if I'd trade I'd still be careful with it, since if the stars align correctly their FUD may matter on the markets (even if it'll be for shorter time).
Big mining pools are in China but there are very little bitcoin full nodes from China. With 9088 full nodes, total nodes come from China are 186.
If anything bad happens in China, for crypto regulations or for mining pools: shutdowns or restrictions or 51% hashrate centralization, miners will switch to other pools and exchanges will move their main offices and licenses in other nations.
Do you forget the Xi pump last year? After 3 years of FUDs from China, bans on crypto, Xi-news is a nuclear bomb to help bitcoin took off. Don't forget it.
If anything bad happens in China, for crypto regulations or for mining pools: shutdowns or restrictions or 51% hashrate centralization, miners will switch to other pools and exchanges will move their main offices and licenses in other nations.
Do you forget the Xi pump last year? After 3 years of FUDs from China, bans on crypto, Xi-news is a nuclear bomb to help bitcoin took off. Don't forget it.
Quote
US 2787
DE 1589
FR 572
NL 374
GB 331
SG 312
CA 300
JP 223
RU 210
IN 194
CN 186
https://bitaps.com/ DE 1589
FR 572
NL 374
GB 331
SG 312
CA 300
JP 223
RU 210
IN 194
CN 186
China with their regular banning & unbanning of bitcoin used to have a big effect on the price. I don’t think anybody cares any more, the shock value in what China does or doesn’t do in relation to bitcoin doesn’t really cause an impact these days.
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