Topic: How are you taking the China Bitcoin Ban? - page 4. (Read 564 times)
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.
That’s really painful to digest.
But we shouldn’t worry, if we don’t belong from China.
Moreover Chinese people can still use Bitcoin, as Bitcoin is decentralised, that is cannot controlled by any government.
So no need to worry regarding all the negativity spreading by government.
Yes the only worse thing can happen is falling price of BTC.
Hope everything becomes normal soon.
But we shouldn’t worry, if we don’t belong from China.
Moreover Chinese people can still use Bitcoin, as Bitcoin is decentralised, that is cannot controlled by any government.
So no need to worry regarding all the negativity spreading by government.
Yes the only worse thing can happen is falling price of BTC.
Hope everything becomes normal soon.
For now I don't care about the negative news spread from china, because in the previous year they have also banned people from using bitcoin but in fact the value of bitcoin is increasing as it happened this year, with the news I believe there are certain parties who want to drop the price of bitcoin and they want to focus on work that concerns the government, And currently the popularity of bitcoin is increasing then we should not be easily influenced by such news.
This ban should be a major concern for those living in China. In my own locality we have banned bitcoin severally but its still in use and our exchanges are fully functional we even launched our own digital currency and have many top companies around buying bitcoin and saving converting most of their company asset to crypto. The ban of crypto in China has little or nothing to do with me since I don't base there
I have been in this situation before where I see china banning Bitcoin and it effected the market temporarily. The effect of this news or fud is not long lasting one and hence if you have believe in crypto, there is nothing to be worried about.
But it's had an impact on price increases these days. There may be a positive side to China banning this cryptocurrency. Like the price will not be played by the Chinese anymore.
this only concerns Chinese investors because people outside that country has nothing to do with that so why would i need to take this when there are none of us outside china that will be affected on that matter.
since i enter crypto China is bullying the market so what is the difference from the past and now.
Not first time, not last time for sure. China repeat ban again and impact on market was not so big. Old crypto users dont upset too much, they use this actual dip to full bags cos recovering will happen I think.
Right , people in crypto are now knowledgeable of this matter and we are not really affected in all matter.since i enter crypto China is bullying the market so what is the difference from the past and now.
For me personally china ban didn't even matter because it's not the first time they are doing such things and keep on ignoring such news whose main aim is create FUD in the market and those who panic sell at this time are the ones who loose in the end.China holding themselves and banning others from holding it is clear sign of zero financial freedom over there.
I agree with you, we don't need to panic about the news that China will ban Bitcoin, it's FUD that the Chinese government has often spread.
They want to see the price of Bitcoin fall, because for them the existence of Bitcoin is only a threat to their digital currency. Indeed, many people
are quite affected by the news, especially newbies will definitely become panic sell. But we must remember that many institutions have invested
in Bitcoin in the long term, meaning that the Bitcoin support price is quite strong and won't drop below $30k this year. So we have to be patient
and hold Bitcoin until the market recovers. If we panic then we ourselves will lose money, my advice is to ignore all the FUDs that are currently scattered.
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?
So since this was as a result of crypto seized by the Chinese Government from "the PlusToken Ponzi scheme crackdown" then I wouldn't really say it belongs to the Chinese Government as if they Invested in Bitcoin and became the second-largest Hodlers of Bitcoin even though it is in their possession. I think we do understand why this is the case since the Government has made its position known about Bitcoin and Cryptocurrencies in general and we see the effect that NEWS constantly cause on the market. I do however believe that all this crackdown on crypto by the Chinese government will eventually come to an end and there will be no more thing to say about crypto anymore in the near future.
For me personally china ban didn't even matter because it's not the first time they are doing such things and keep on ignoring such news whose main aim is create FUD in the market and those who panic sell at this time are the ones who loose in the end.China holding themselves and banning others from holding it is clear sign of zero financial freedom over there.
It is not worth complying with the enactment of policies that mistreat their interests for years in search of huge gains in bitcoin. That bullshit FUD and FUD continues. Building firewalls that block their citizens from accessing CMC or CG is as much bullshit as I can understand. Lol
https://www.yahoo.com/now/china-blocks-coingecko-coinmarketcap-other-071627705.html?
It is like a big stimulant for bitcoin to quickly move away from the $50k stop and towards $100k. I expect them to fall further behind the US in a war where their position has been in favor of bitcoin in the past.
Source: https://twitter.com/100trillionUSD/status/1442497334995144723?s=20
https://www.yahoo.com/now/china-blocks-coingecko-coinmarketcap-other-071627705.html?
It is like a big stimulant for bitcoin to quickly move away from the $50k stop and towards $100k. I expect them to fall further behind the US in a war where their position has been in favor of bitcoin in the past.
Source: https://twitter.com/100trillionUSD/status/1442497334995144723?s=20
Not first time, not last time for sure. China repeat ban again and impact on market was not so big. Old crypto users dont upset too much, they use this actual dip to full bags cos recovering will happen I think.
This ban should be a major concern for those living in China. In my own locality we have banned bitcoin severally but its still in use and our exchanges are fully functional we even launched our own digital currency and have many top companies around buying bitcoin and saving converting most of their company asset to crypto. The ban of crypto in China has little or nothing to do with me since I don't base there
What do you think about this?
There is no thought or action taken by us about banning crypto in china, that's their business, it's up to China what they want to do with crypto, the bottom line: my country is safe and fine for crypto users, what does it matter with china, over time they will get tired of banning it.OP, I've seen crypto vs China very often, actually it's all bullshit, as long as you're not a Chinese citizen and don't live in China what do you care, China doesn't use their crypto that is losing money, they know crypto makes the biggest asset for them, so it doesn't matter to me about that.
You know, China is hit by a disaster in this year 2021, floods and typhoons hit, their buildings and infrastructure are destroyed, they want to rise from the destruction and the economy, The fastest and best effective way to boost their economy is Bitcoin/crypto, so relax, there's something going on behind it all, there's a shrimp behind a rock, the saying goes.
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?
to tell you the truth? i care nothing from this banning because for years i have been hearing this about china banning bitcoin same as India and other countries that still has against policy towards bitcoin.Ref:
https://www.kevinrooke.com/bitcoin.
What do you think about this? How are you taking this ban?
why do i need to care when i can do nothing but to accept it and move on?
focus in my investment as the market will still continue to move up and down even without these countries support?
Do I have to worry? NO.
Do we have to take it seriously? Maybe or not really.
These China news should just be ignored. We cannot stop them giving that yearly ban, there's nothing special on it and it had became a mover of the market and that's what I think when they announce it.
Do we have to take it seriously? Maybe or not really.
These China news should just be ignored. We cannot stop them giving that yearly ban, there's nothing special on it and it had became a mover of the market and that's what I think when they announce it.
I do not think much about that ban as I do not think China is really serious about banning crypto. From your report, China is in second place in holding bitcoin, so China uses the chance from their negative news to buy bitcoin at a low price. They really know how to spread the FUD and how to use it for their benefit. You should not worry about their negative news and use it for your benefit. Follow them to buy more 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 think it's not something to be worried about. China has done this numerous times in the past and they are doing it again to spread FUD to make the market go bearish. When they achieved the thing that they want which is to make the crypto prices go down, they'll just buy the dip like a wise investor. And I think we should do the same. Don't let the FUD get into you and shaken you up to sell your assets at a low price, instead take this situation as a blessing and go buy the dip. After all this news, surely bitcoin will bounce back like it always does. Don't let the negative news affect your judgment because I'm certain they are doing this for a reason. They won't totally ban crypto because the government itself possesses so many coins itself.
I am not bothered at all....
When China announced that they are banning Crypto currency mining, the Bitcoin price dropped a little ...and then it recovered. So let's analyze why that happened.
1. The Chinese Bitcoin miners started to dismantle their operations in China and they simply relocated to Bitcoin friendly countries.
2. The initial news scared some speculators and newbie traders, but the more experienced Bitcoin traders and hoarders just smiled.
3. Some other positive events eventually just counter the negative news... so we just wait it out.
Do not panic when the mainstream media tells you "that the sky is falling" .....the over react to sell the news.
When China announced that they are banning Crypto currency mining, the Bitcoin price dropped a little ...and then it recovered. So let's analyze why that happened.
1. The Chinese Bitcoin miners started to dismantle their operations in China and they simply relocated to Bitcoin friendly countries.
2. The initial news scared some speculators and newbie traders, but the more experienced Bitcoin traders and hoarders just smiled.
3. Some other positive events eventually just counter the negative news... so we just wait it out.
Do not panic when the mainstream media tells you "that the sky is falling" .....the over react to sell the news.
Who cares if China bans Bitcoin? What do they have to give us? Nothing! Just constant bans that only affects our market and trades. In all of this, that's my only concern; the market's reaction to the news. IMO, what they did a few days ago was uncalled for. If they want to want to renew their ban or whatever, they should consider it's effect and not do it in bear runs. But they don't care anyways.
Maybe China government wasn't holding the most Bitcoins but it had so many people who were interested in cryptocurrencies and as traders. So this can be seen as a big loss of demand for Bitcoin. And these times, the prices in the market is affected directly also. Bitcoin price starts struggling to break the resistance levels and this goes on for a long time. But it will not affect the market forever and at some point the market will have a new bull run.
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