Topic: How are you taking the China Bitcoin Ban? - page 3. (Read 564 times)
For now there is a lot of negative news spread in the media about the crypto world, and now the chinese state again bans the use of bitcoin and this is not the first time, and I will not care about the news because the current growth of bitcoin is increasing and the current decline is only temporary and we should be able to use some of our assets to invest and rest assured the increase will happen again, and news from china just as an engineering to drop the price of bitcoin.
What do you think about this?
nothing, I mean, it is quite clear where they are heading at. it was only a matter of time before they completely ban bitcoin in their country.How are you taking this ban?
what is there to take? I am pretty sure a lot of people(including me) have expected for this to happen. they've been slowly banning bitcoin in their country for years now so there is nothing to be surprised about or be worried about.
Chinnese Goverment hold 194k bitcoin ? where do all those numbers come from? confiscation from the government to their citizen ? regarding your question I might not feel any impact from their regulation about bitcoin ban. maybe people from that country who have spent a lot of money investing in crypto and crypto-related industries are feeling the impact about that.
It seems China really used the moment from their bad news banning bitcoin and buy a lot of bitcoin. I think they will try to spread another negative news about bitcoin to buy more bitcoin, especially if the price can drop for more. We never know how China can collect that big amount of bitcoin but from what they did before, they really know how to confuse people with their statement about bitcoin.
Chinnese Goverment hold 194k bitcoin ? where do all those numbers come from? confiscation from the government to their citizen ? regarding your question I might not feel any impact from their regulation about bitcoin ban. maybe people from that country who have spent a lot of money investing in crypto and crypto-related industries are feeling the impact about that.
It's no longer a secret and has long ago this issue blows. Always the issue is exhaled related to China and the prohibitions, such as Never-Ending Bad News.
We also don't know the real meaning behind the issues that are always exhaled. What is certain is that this issue always makes people panic and affect the Crypto market.
During this time, we cannot avoid various games of the Whales and also various interests of major countries. And China is one of the big countries that consistently always gives FUD for Crypto.
So I personally have not been shocked again, just enjoy the process while watching the market movement wants in the actual direction.
We also don't know the real meaning behind the issues that are always exhaled. What is certain is that this issue always makes people panic and affect the Crypto market.
During this time, we cannot avoid various games of the Whales and also various interests of major countries. And China is one of the big countries that consistently always gives FUD for Crypto.
So I personally have not been shocked again, just enjoy the process while watching the market movement wants in the actual direction.
I guess, a lot of us here are now used to this kind of news coming from China.
But regarding the figures posted by the OP, how authentic those numbers are?
Because as it sits right now, China is still holding a lot of bitcoin and don't know what their plans on that stash as they are totally banning its usage?
Yeah right knowing they always do this so we can expect that repeatative schemes will not totally give huge effect in the long run thats why we see only small declines happen in the market and this is also an indicator for others to not easily get panic once there is an issue like this come since for sure after the dump happen the pump will follow since those who want to make bitcoin dump will accumulate at the dip.
It's no longer a secret and has long ago this issue blows. Always the issue is exhaled related to China and the prohibitions, such as Never-Ending Bad News.
We also don't know the real meaning behind the issues that are always exhaled. What is certain is that this issue always makes people panic and affect the Crypto market.
During this time, we cannot avoid various games of the Whales and also various interests of major countries. And China is one of the big countries that consistently always gives FUD for Crypto.
So I personally have not been shocked again, just enjoy the process while watching the market movement wants in the actual direction.
We also don't know the real meaning behind the issues that are always exhaled. What is certain is that this issue always makes people panic and affect the Crypto market.
During this time, we cannot avoid various games of the Whales and also various interests of major countries. And China is one of the big countries that consistently always gives FUD for Crypto.
So I personally have not been shocked again, just enjoy the process while watching the market movement wants in the actual direction.
I guess, a lot of us here are now used to this kind of news coming from China.
But regarding the figures posted by the OP, how authentic those numbers are?
Because as it sits right now, China is still holding a lot of bitcoin and don't know what their plans on that stash as they are totally banning its usage?
It's no longer a secret and has long ago this issue blows. Always the issue is exhaled related to China and the prohibitions, such as Never-Ending Bad News.
We also don't know the real meaning behind the issues that are always exhaled. What is certain is that this issue always makes people panic and affect the Crypto market.
During this time, we cannot avoid various games of the Whales and also various interests of major countries. And China is one of the big countries that consistently always gives FUD for Crypto.
So I personally have not been shocked again, just enjoy the process while watching the market movement wants in the actual direction.
We also don't know the real meaning behind the issues that are always exhaled. What is certain is that this issue always makes people panic and affect the Crypto market.
During this time, we cannot avoid various games of the Whales and also various interests of major countries. And China is one of the big countries that consistently always gives FUD for Crypto.
So I personally have not been shocked again, just enjoy the process while watching the market movement wants in the actual direction.
Honestly,I was looking forward to this,it's time for Bitcoin to prove that itself its not dependent of the "all powerful china",see it like a final proof or task to anyone who remains skeptical.
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?
One thing i know about china is that they really olay tight and safe in their economy irrespective of the situation, the man satoshi who started Bitcoin is a Japanese and not a Chinese, and you could understand very well that china dont jeopardize with their economy system especially when it comes to inventions, dey prefer to start first and others follows.
I also think they are playing safe in order not to devalue their Yuan currency exchange rate if more priority is given to crypto, all inventions in china today were been made by the Chinese including the internet (ip), network, mobile devices, among others, their official language is Chinese, and make use of all finished end products made in china. They also believe in contending power of rule with the USA with due time, all these features couldn't have possibly aid their conviction to adopting Cryptocurrency as it was not invented by them at first.
They have already been antagonizing cryptocurrencies for a very long time.
Do you know when China was antagonizing cryptocurrencies for the first time? I think not only China, there are actually many other countries to ban crypto. Dude, don't you realize that China is potentially just a victim of news manipulation spreading by the whales? How if whales are intended to target China to be the one to blame for the market crisis? Lately, I am starting to think about this, because many FUDs spreading was just old news. 
I'm not taking this very good honestly. I don't know why China government banned cryptocurrencies but actually it is not too hard to predict the reason correctly. They have already been antagonizing cryptocurrencies for a very long time. And they have finally decided to impose a ban on them. They didn't want their people to take big risks in this market. But this not the best way to approach to this market.
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.
What do you think about this? How are you taking this ban?
Intentional or not,it doesnt really matter.If they are top 2 holders of most coins then i wont be surprised that they've been doing these bans just for making the market dips out for them to accumulate more.What do you think about this? How are you taking this ban?
Possible?Yes it is but i wont really be surprised that they would be reverting up their ban decisions later on just like on what they had done back in the years on where bans do happen
and later on there was lifting of the ban and now we are seeing bans again? China do really loves on stirring up the market.
You know the feeling of getting high with Mary Juana. 
Nah, Tbh I ain't that much affected about the banning issue. In this type of industry patience and being calm is a must, so that's what I'm doing right now. I don't let this issue affects my daily life, trading and any other investments (incl. Crypto and Stock). I focus more on how to improve myself in general and try to gather more information for my next investment.
As much as I see it, this is just a manipulation act and it happens before. History is repeating itself, so yeah Panic is just a common reaction to this type of issue but we all know what happens when we let Panic took over are judgement and state of mind.
Nah, Tbh I ain't that much affected about the banning issue. In this type of industry patience and being calm is a must, so that's what I'm doing right now. I don't let this issue affects my daily life, trading and any other investments (incl. Crypto and Stock). I focus more on how to improve myself in general and try to gather more information for my next investment.
As much as I see it, this is just a manipulation act and it happens before. History is repeating itself, so yeah Panic is just a common reaction to this type of issue but we all know what happens when we let Panic took over are judgement and state of mind.
It's not the first time they've implemented regulations that are detrimental to bitcoin. If a pre-configured layout among these dictatorships includes the next set of stains that block tradingview, CMC,,, it's messy. It's even worse than the Fed's plan to give power to create new coins and stop Tether. Lol
FUD China has nothing worth keeping. Defi season 2 and Metaveser will be back up trend
FUD China has nothing worth keeping. Defi season 2 and Metaveser will be back up trend
China's decision to ban cryptocurrencies is just not understandable. They have been against this cryptocurrency market the whole time and finally they have done what they aimed. Nominally, they want to prevent their people from losing money in cryptocurrencies. But they could still have done this by having stricter regulations about cryptocurrencies and the crypto exchanges.
Although I don't really like the CCP, we can't ignore the fact that China is the no.2 economy in the world. So a ban in China, is not good news for us. It will have some impact, at least for the short to medium term. But what concerns me more is the fact that China produces more than 99% of the mining equipment that is currently being used. If the CCP can ban mining, there is no guarantee that they will not prohibit the manufacturing of Bitcoin mining equipment. And if that happens, there will be complete chaos at the market.
Nothing new. Really, it's China being China all over again. We've had this what, how many times already, 3? 4? China has always been known to be against crypto, them officially announcing it doesn't seem like it could affect the market that much in the long term. The market of China isn't a necessity in the market of Bitcoin after all, heck, even the ban would probably not even stop people from China who truly want to trade Bitcoin. It was made that way, and I'm pretty sure a country isn't enough to prevent it's core tech.
I'm already used to it. And based on what i have seen in the market, there might be some minor dumps when this negative news hit the market, but after a while, they start to recover again. So bitcoin is not really affected unlike in the previous years where there is a ban, the market suddenly react negatively.I even think that after all this banning from China, those who are not yet involved in the crypto community will eventually join the team soon. The result comes perfectly positive out from a negative event.
all are affected by the bitcoin ban I think, because the decline in the value of BTc to 41k $ at this time and caused a fairly large minus asset, but I believe btc will rise again albeit slowly.
but if you ask about the impact of the ban on crypto in my country it has no impact at all because my government cares little about crypto even though it has not been legalized
but if you ask about the impact of the ban on crypto in my country it has no impact at all because my government cares little about crypto even though it has not been legalized
~
Just heard about that news recently. Even if we think about it anyway, there is nothing we could do about it. I've been seeing a lot of crypto and china news already for a long-time and it just does not bother me a single bit already even in other country bans. GPU enthusiast would be a bit more happy though, since they believe that the inflation of price of GPUs are due to crypto mining and from Bitcoin being banned, surely they are looking and eyeing on the drop of GPU price. 
the bitcoin ban in china may have a lot of impact for novice btc owners, but for other countries there may be no problem, I personally respond to this ban, my chance is to refill my wallet, where i see from the table that the OP gave china has 2nd order bitcoin in the world, can it is said that china is manipulating the news so they can increase their btc stock,
let's see this table if it updates next year, is China still in 2nd position?
let's see this table if it updates next year, is China still in 2nd position?
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