Don't believe the rumors that China has banned the use of Bitcoin. Rumors about China banning the use of bitcoin from year to year are always there, but the fact is that China is ranked second in bitcoin holdings, so there is a possibility that they will want to dominate bitcoin in the future. creating rumors about a crypto ban and bitcoin is a trick to get them to adopt bitcoin at a very low price.
Topic: How are you taking the China Bitcoin Ban? (Read 488 times)
I shrug it off. China has been negative towards bitcoin since time immemorial, and to let such a good piece of technology die just because some Communist Country tells its people it is bad to have freedom through the currency isn't something that would faze me. As a matter of fact, a lot of us here are already fed up with China's bullcrap that they didn't bother getting into the news anymore. And the evidence is bitcoin's sudden pump even during this banning.
I dont care about China, so the things that happened related to them dont even bothered me, I just dont understand why there are still a lot of people who do panic selling when they have heard some news relates to this. The market always immediately reacts when China do these things and besides this is not the first time it happened hoping that next time people will become smarter than they dont also get bothered by this kind of FUD.
A lot of us are like you already my friend. It has been a long time since we've heard anything good come from China, it's time we detoxify and not let these FUD get into our heads. I may sound like some evangelist thinking of bitcoin as a savior of the masses but the thing is, China has antagonized cryptocurrencies for so long that it's just annoying at this point, so there's no reason as to why you should even consider the implications of China ever banning cryptocurrency within their border. 
They aren't enforcing the ban at all, so no one is going to be effected by it.
Give it a few years when they get desperate enough with CNY, they might try to enforce it. This is a country that has millions of muslims in concentration camps so I'd say they'll put up quite a fight (but won't end up successful.)
Give it a few years when they get desperate enough with CNY, they might try to enforce it. This is a country that has millions of muslims in concentration camps so I'd say they'll put up quite a fight (but won't end up successful.)
The consensus of the majority seems not to see this it serves as a worrying part of crypto development. People has been satisfied with the market performance without China and the current news that we've heard seemingly doesn't affect us. People who have the trust in crypto will simply ignore this, and I did.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Look at what is happening to the crypto market, bitcoin is going bullish instead of going down. Though there was a slight decline when China announced such news but only short period of time. And now, btc is going up again. So yes, it seems the crypto community doesn't make the news from China a big deal anymore. They can't control what may happen to this market. And will continue to grow without their participation.
they ban bitcoin but also facilitate crypto https://www.scmp.com/tech/tech-trends/article/3136515/china-plans-accelerate-blockchain-development-and-adoption-push , and they did it over and over again, people confused and get lost with all of these
The consensus of the majority seems not to see this it serves as a worrying part of crypto development. People has been satisfied with the market performance without China and the current news that we've heard seemingly doesn't affect us. People who have the trust in crypto will simply ignore this, and I did.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Look at what is happening to the crypto market, bitcoin is going bullish instead of going down. Though there was a slight decline when China announced such news but only short period of time. And now, btc is going up again. So yes, it seems the crypto community doesn't make the news from China a big deal anymore. They can't control what may happen to this market. And will continue to grow without their participation.
Well, I was happy that China is leaving from crypto so these FUDs will stop. And they can't use this anymore as a tool to ruin the future of Bitcoin and the entire market as nobody else is listening to them right now. I know people had read it but just ignore then after.
Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
I don’t know, but how did these people get to know about this information that they have posted? How did they know that these groups they have mentioned here are holding these particular amounts that they have listed? Okay, I know it’s possible for the US government to Hodl this amount because I have read stories of them confiscating bitcoins in the past, so it’s possible that they might be holding some bitcoins, although I also read from the news that they auctioned the bitcoins they got. But for the Chinese government, how exactly do we get to know about this, that they are holding this amount and it’s certain? Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
I don't live in China so I live the way I used to. And also the banning of BTC in China is not new, they already did this multiple times and so I have this immunity of not giving thought about it. Also the fud that it causes is natural for me now and doesn't cause any panic.
The consensus of the majority seems not to see this it serves as a worrying part of crypto development. People has been satisfied with the market performance without China and the current news that we've heard seemingly doesn't affect us. People who have the trust in crypto will simply ignore this, and I did.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Look at what is happening to the crypto market, bitcoin is going bullish instead of going down. Though there was a slight decline when China announced such news but only short period of time. And now, btc is going up again. So yes, it seems the crypto community doesn't make the news from China a big deal anymore. They can't control what may happen to this market. And will continue to grow without their participation.
The consensus of the majority seems not to see this it serves as a worrying part of crypto development. People has been satisfied with the market performance without China and the current news that we've heard seemingly doesn't affect us. People who have the trust in crypto will simply ignore this, and I did.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Can't stop them from spreading FUDs just to stop Bitcoin where it continues to grow despite all of these things. We will still be in success without China, that is how we figure out.
Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
It is not new, it has been several times news about this, why should be popular again this time when the market should be bullish?Maybe there are some certain willingness from certain whales to rise up this issue and spread the FUD
What do you think about this? How are you taking this ban?
Take it easy, I know that this FUD will always give a negative impact on Bitcoin price to drop down. That is why we don't need to panic, we know that we are sad every time looking at our dropped assets, but if we panic and do some stupid and panic sell, it will be worse.
It’s quite hard to take China’s stand on Bitcoin serious anymore. They put out these negative news knowing that it has an impact on the market and they wait for the ripple effect. About the amount of Bitcoin that China owns, how was it amassed? We don’t know for sure. It could have been seized from criminals or ‘offenders’ for all we know. The fact that they hold a large amount of Bitcoin don’t mean that they fully support Bitcoin.
This won’t be the first time China would seem to be going to ‘war’ with Bitcoin. They’ve been playing this card over and over and it now seem like a strategy to boost their Economy. They for sure know that negative news tends to affect the market.
It's all good for me, I'm in what I consider to be the safest point in my hodling where even if the prices are going down, I would still make a generous profit and if I continue to hodl, I will get much bigger profit.
I am taking it like a champ.
China is nothing in the grand scheme of things. Bitcoin is bigger than China or any other country for that matter. They want to ban bitcoin? Fine. Let them ban it. That's just going to strengthen bitcoin's current position. Actually I'd like to see all countries banning bitcoin and when that happens, they'll see that bitcoin isn't dying, the real fun will begin because they'll get mad when they realize they can't really get rid of bitcoin.
China is nothing in the grand scheme of things. Bitcoin is bigger than China or any other country for that matter. They want to ban bitcoin? Fine. Let them ban it. That's just going to strengthen bitcoin's current position. Actually I'd like to see all countries banning bitcoin and when that happens, they'll see that bitcoin isn't dying, the real fun will begin because they'll get mad when they realize they can't really get rid of bitcoin.
Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
I don't really mind at all since most people who're mainly affected on the regulation implemented by Chinese government are Chinese people though their first time China banning any crypto related activities. However, the market is reacts which causes it to be down and hopefully it will recover soon.
Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
it cannot give an impact, and for your information they already out of the business because they are now running their digital currency, so no need to worry. In fact after how many negative post from them, instead of going dip bitcoin made a good progress. Lol so that means they cannot take it down anymore.. Never again. Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
@RiskySanchez China can think of itself as a part of the world. They only look for ways to control other countries to be a superior power. We know currency is everything for the economy of any country. If some unregulated currency like bitcoin takes over the world, China will lose its chance.
When this news was published. I see prices go up again. It's like we have no problem with china even though they're banning it. We will continue to grow better in the future until their regulation will return to bitcoin circulation. As we know there are many surprises in cryptocurrency.
I don't see the pump, in fact, it's one of the reasons why bitcoin still struggles until now though we are staying at a good price. China's ban has huge effect and I don't think the information OP published is true because China would not make stupid things that would result to reduce the value of their holdings. When this news was published. I see prices go up again. It's like we have no problem with china even though they're banning it. We will continue to grow better in the future until their regulation will return to bitcoin circulation. As we know there are many surprises in cryptocurrency.
Now the best thing happening in crypto community peoples aware of these tactics from Chines authorities as they are doing this all for many years, but now this news is having no bad impact on market or price of bitcoin. Even many holders feel good about these feuds because they try to buy some good amount in this dip as they feel blessing for buying. We all know this price will stay for very few days and then again we will enjoy our solid price.China doing these things because mostly many peoples they hate freedom and bitcoin/crypto is name of this freedom, but my feeling is different because I feel they are taking good benefits from these as they are also taking good buying through these dips and increasing their stakes in good crypto related projects.
Its better to ignore and get used to it because this was always their common behavior specially of Bitcoin is mooning or having some good rally in its price.They do tend up on making scenes on point
where it do result out on some reversal trend.This is something not new because it did really happen in the past for how many times already thats why im not already surprised.
When this news was published. I see prices go up again. It's like we have no problem with china even though they're banning it. We will continue to grow better in the future until their regulation will return to bitcoin circulation. As we know there are many surprises in cryptocurrency.
Now the best thing happening in crypto community peoples aware of these tactics from Chines authorities as they are doing this all for many years, but now this news is having no bad impact on market or price of bitcoin. Even many holders feel good about these feuds because they try to buy some good amount in this dip as they feel blessing for buying. We all know this price will stay for very few days and then again we will enjoy our solid price.China doing these things because mostly many peoples they hate freedom and bitcoin/crypto is name of this freedom, but my feeling is different because I feel they are taking good benefits from these as they are also taking good buying through these dips and increasing their stakes in good crypto related projects.
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