Topic: does this have something to do with bitcoin's current decline... - page 2. (Read 298 times)
November 24, 2021, 10:48:07 PM
Bitcoin has been going up and down and up and down for a while now; to the point that we could pretty much correlate any news with bitcoin's recent price spikes. This is a perfect example of "correlation is not causation" in my book.
November 24, 2021, 09:43:58 PM
You may consider muting or blocking every news regarding China and Bitcoin. Don't waste time reading this similar news over and over again. China has been banning Bitcoin for years. They have been releasing one announcement after another saying that Bitcoin is banned. Bitcoin mining has also been banned. So China has nothing to do with Bitcoin and Bitcoin mining anymore. Don't waste your effort on recycled issues.
Also don't believe China's words regarding carbon neutralization. They're lying through their teeth. Treat every word from Chinese authorities and media with a grain of salt.
Also don't believe China's words regarding carbon neutralization. They're lying through their teeth. Treat every word from Chinese authorities and media with a grain of salt.
November 24, 2021, 09:27:48 PM
Nah they're not doing that for carbon neutralization, but to make people using their CBDC similar as India. The CO2 emissions from Bitcoin is 89.8 millions of metric tons, while banking system produced 390 millions of metric tons [1]. This mean banking system produce CO2 emissions 4x more than Bitcoin. If they want to make their country free of carbon emissions, they should shut down the banking system first not the Bitcoin mining.
[1] https://knoema.com/infographics/hatanue/what-about-the-carbon-footprint-of-fiat-money-elon-musk
[1] https://knoema.com/infographics/hatanue/what-about-the-carbon-footprint-of-fiat-money-elon-musk
November 24, 2021, 09:13:50 PM
No, it has nothing to do with China news maybe just in the same situation that some people think the news has something to do with bitcoin's current decline, and there are some people asking me the same thing for real.
this is just a correction that always happens to bitcoin whenever there is a significant increase or touch a new ATH and but it is not known how long the decline will last, the best option to do is to hold your holdings firmly and ignore the news. because that's not necessarily true and nowadays many investors think it's smart not to pay attention to china news that always happens from year to year because it is considered boring.
this is just a correction that always happens to bitcoin whenever there is a significant increase or touch a new ATH and but it is not known how long the decline will last, the best option to do is to hold your holdings firmly and ignore the news. because that's not necessarily true and nowadays many investors think it's smart not to pay attention to china news that always happens from year to year because it is considered boring.
November 24, 2021, 06:56:14 PM
How many times are they going to ban bitcoin mining, really?
The gravity of this news IMO isn't enough to help the price down on dangerous territories. We've been hearing a lot from China and their bans for the last couple of years and we still managed to thrive albeit the country housing most of the miners in the world. We are just churning the news like it's breakfast and I don't think China will ever have a huge impact on the price of bitcoin ever again.
The gravity of this news IMO isn't enough to help the price down on dangerous territories. We've been hearing a lot from China and their bans for the last couple of years and we still managed to thrive albeit the country housing most of the miners in the world. We are just churning the news like it's breakfast and I don't think China will ever have a huge impact on the price of bitcoin ever again.
November 24, 2021, 06:44:20 PM
Why does everything about a slight decline in bitcoin price have to be linked to news of a ban?
Can't Bitcoin price correct for once, minus linking it to the bans or bad news? I mean it's a normal thing for the market to correct once in a while after a previous upward trend, otherwise if Bitcoin was just rising every hour and day astronomically without any correction. There is no way you would call that a normal market. It would be pure manipulation and scam.
Can't Bitcoin price correct for once, minus linking it to the bans or bad news? I mean it's a normal thing for the market to correct once in a while after a previous upward trend, otherwise if Bitcoin was just rising every hour and day astronomically without any correction. There is no way you would call that a normal market. It would be pure manipulation and scam.
November 24, 2021, 05:57:17 PM
reported [local media]
Why you don't get a source in the English language? I think not all people can understand Bahasa. Even it can be translated, it may be not accurate.I think this news has nothing to do with the Bitcoin drop. All people already know if China is always against Bitcoin. It is not a new issue that China government ban every activity related to Bitcoin or crypto.
November 24, 2021, 05:49:51 PM
It's been a while since I last read anything about China banning this and that. The miners there already transferred to other jurisdictions like Kazakhstan and the entire market moved on since then.
The price decline is a normal correction after an attempt to break the $70K wall.
The price decline is a normal correction after an attempt to break the $70K wall.
November 24, 2021, 05:22:49 PM
I thought China already banned mining? Surely they can't say the same thing twice in the same quarter and have investors actually listen to them?
There are enough countries able to facilitate profitible mining at the moment so I doubt China or a bunch of countries banning mining will do much but give slow blocks (likely unnoticeably) for a few weeks.
There are enough countries able to facilitate profitible mining at the moment so I doubt China or a bunch of countries banning mining will do much but give slow blocks (likely unnoticeably) for a few weeks.
November 24, 2021, 05:17:20 PM
reported [local media] the carbon neutralization mission in 2060 in China and after Meng Wei's announcement from the NDRC about the decisive action that will be applied to crypto miners whether it will work as stated .....
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece
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