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Topic: New (old) FUD coming from China? - page 3. (Read 416 times)

sr. member
Activity: 1498
Merit: 416
September 26, 2021, 06:05:12 PM
#32
I think there will still be price dumps because of the fact that China still has some standing in the economic sector, so that almost means that their words should never be taken for granted. That being said, I wouldn't be too scared of these news because it has been long stated that China is a great enemy of bitcoin and cryptocurrencies, basically hinting at their banning of cryptocurrency activities as early as 2018. So this would not surprise the veteran investors.
I understand that there is a good chance we may end up with something that would be incredibly shocking if they didn't bring in some FUD from China. After all they have been doing this for years and they hate crypto and we know this already.

Just because they came up with another different way to FUD it doesn't mean that it would be a brand new thing, it is basically just rebranded FUD that they always had so it is nothing that is too shocking for anyone. I personally believe that nothing has changed, we are at exactly where we were a week ago and all those people who got scared from this news must be new because this means nothing at all.
Exactly. it doesn't make sense for the seasoned investor to be afraid of any FUD that comes from China, be it true or not. Most probably the ones who were vocal about their fear of Chinese FUD were at least new to the scene, since it would make sense for them to feel like this is a big threat when in reality people are already so used to China hating on bitcoin that we just shrug them off.
hero member
Activity: 2002
Merit: 535
September 26, 2021, 04:34:38 PM
#31
~
Not that failed to adopt crypto but we might see them in upcoming bull runs again that they'll do the same thing over and over again. And a news will come out that they've been hoarding bitcoin all of these times and they'll announce that they'll one of the biggest holders in the world.
The same news will resurface again that China is doing some crazy shit about the cryptocurrency market even though there is no exchanges that are running in the country and majority of the miners are moving out from mainland China. I doubt they will be having any direct investments in cryptocurrency but they have a lot of investment companies that can invest on their behalf and if they are looking to make a profit they would literally shut down these rumors but that is not what we are seeing from them.
legendary
Activity: 2086
Merit: 1058
September 26, 2021, 04:09:21 PM
#30
I understand that there is a good chance we may end up with something that would be incredibly shocking if they didn't bring in some FUD from China. After all they have been doing this for years and they hate crypto and we know this already.

Just because they came up with another different way to FUD it doesn't mean that it would be a brand new thing, it is basically just rebranded FUD that they always had so it is nothing that is too shocking for anyone. I personally believe that nothing has changed, we are at exactly where we were a week ago and all those people who got scared from this news must be new because this means nothing at all.
sr. member
Activity: 2548
Merit: 329
September 26, 2021, 02:22:31 PM
#29
Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.
You can't inevitably disregard the news as it does a huge impact on Bitcoin's price. Though there's really nothing to worry about as China has been doing this before and yeah It did a negative impact as well. So, I guess they're messing around with cryptocurrency again because they knew they can drag the prices down considering the number of people owns crypto and the number of companies operating their Bitcoin mining rig in China is huge.
I guess, they'll going to lift it after a few months.
This should not really scare people though, I mean think about it, we are talking about something that is as good as it gets because China already hated bitcoin has always been scared about bitcoin in the long run. So, why should we really care about crypto as a thing that would be going down just because China banned another thing?

Just very recently it banned mining and price crashed a lot. If something like that happened so recently then why should be fear something like that all over again just few months later. So, be calm and know that there will be FUD constantly and it is boring old news by now.
hero member
Activity: 2478
Merit: 621
Leading Crypto Sports Betting & Casino Platform
September 26, 2021, 02:12:29 PM
#28
As a result of the affirmation of the cryptocurrency being banned in China, the price of bitcoin fell by 5.5 percent last week. Even the price of bitcoin is currently down 5.86 percent to around $41,106. When compared to last week's price, the price of bitcoin is down 13.15 percent.

Bitcoin is not dropping as a result of China threat . The price is little dragging in $42,000 and $43,219 presently. The Chinese digital currency is what I think is all the purpose that China is fighting bitcoin and surely both can operate differently but China in trade war with America is a big factor because they want to stand out. Price may get higher this week , it has started recovery.
sr. member
Activity: 789
Merit: 243
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 26, 2021, 07:29:37 AM
#27
As a result of the affirmation of the cryptocurrency being banned in China, the price of bitcoin fell by 5.5 percent last week. Even the price of bitcoin is currently down 5.86 percent to around $41,106. When compared to last week's price, the price of bitcoin is down 13.15 percent.
legendary
Activity: 3122
Merit: 1140
September 26, 2021, 06:50:20 AM
#26
Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

You can't inevitably disregard the news as it does a huge impact on Bitcoin's price. Though there's really nothing to worry about as China has been doing this before and yeah It did a negative impact as well. So, I guess they're messing around with cryptocurrency again because they knew they can drag the prices down considering the number of people owns crypto and the number of companies operating their Bitcoin mining rig in China is huge.
I guess, they'll going to lift it after a few months.
They are already starting the ban on exchanges.

https://finance.yahoo.com/news/crypto-exchange-stops-taking-china-075036794.html
https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/

These are not really some shocking news and its true that they've been doing this back in the past.
legendary
Activity: 2338
Merit: 1354
CoinPoker.com
September 26, 2021, 06:08:34 AM
#25
Look how the market bounced recently.
A lot of humor about Chinese communities starting to learn some alternative of centralized exchanges just like banning them especially Binance.
There are some rumors about Chinese people already starting to learn how to use Defi, especially using a Decentralized Exchange (DEX).

This is one of the best example that there are always alternatives and they can't stop cryptocurrency.
member
Activity: 588
Merit: 11
Futiracoin.com
September 26, 2021, 05:59:16 AM
#24
Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.

Quote
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.

The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.
https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-crypto

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?


China is starting to influence crypto globally, they are playing the issue of bringing down crypto, indeed what they are doing will definitely have an effect, although not so much, China has enough resources to influence it, China has the biggest trading relationship for the world and while all this they are doing it collectively at the same time, crypto will have an impact on the problems they cause, even China has banned crypto mining for its citizens, with the consideration that the digital currency they issue must be in position 5 cryptocurrencies, this continues with the problem of what they are doing now.
hero member
Activity: 2968
Merit: 572
Leading Crypto Sports Betting & Casino Platform
September 26, 2021, 03:54:18 AM
#23
Quote
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.
LOL at that "getting serious".

Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.
Not that failed to adopt crypto but we might see them in upcoming bull runs again that they'll do the same thing over and over again. And a news will come out that they've been hoarding bitcoin all of these times and they'll announce that they'll one of the biggest holders in the world.
hero member
Activity: 2590
Merit: 549
Rollbit
September 26, 2021, 03:50:29 AM
#22
Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

You can't inevitably disregard the news as it does a huge impact on Bitcoin's price. Though there's really nothing to worry about as China has been doing this before and yeah It did a negative impact as well. So, I guess they're messing around with cryptocurrency again because they knew they can drag the prices down considering the number of people owns crypto and the number of companies operating their Bitcoin mining rig in China is huge.
I guess, they'll going to lift it after a few months.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
September 26, 2021, 02:53:34 AM
#21
Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.
hero member
Activity: 2478
Merit: 621
Leading Crypto Sports Betting & Casino Platform
September 26, 2021, 02:40:38 AM
#20
It will have an effect in the price, as much as we hate the Chinese news and fud, it has an impact still. Just look at the price in the last 24 hours, we've seen another pullback to $41k-$42. However, the dent in the price will not be be long term. Sooner or later, investors will realized that this is the nth time the China has issues a ban or everything related to crypto. So I expect a bounce after this, even a new all time high at the end of the year.

I don't expect what news coming from China to affect the price of bitcoin. China is not the only country in the world to determine how price will increase or not. They have been anti bitcoin a long time but that has not affected bitcoin. Bitcoin is decentralized and so it is everybody's asset, not regulated by anyone too. We can be having a little drops but bigger gains, the year may be good for bitcoin.
legendary
Activity: 3472
Merit: 10611
September 26, 2021, 01:51:10 AM
#19
What is interesting about this very old FUD is that it didn't have that much effect on the price. The drop was negligible and more importantly it couldn't even break the $40k support which was the biggest goal the FUD spreaders have been pursing in the past week.
Although this is not showing market maturity but it shows that the weak hands are no longer holding any more bitcoins to panic sell. There are only market makers desperately trying to bring the price down by wasting a lot of money.

Perhaps old investors knows what China is doing, that's why the price wasn't affected that much. So I much say that we become so resistant already, we become used to seeing China FUD that it has no effect to the majority of bitcoin holders. Maybe it has affected those newbies and then panic, push the sell button. But for old timers, this is another perfect opportunity, and we are tired of news coming from China that it didn't bother us at all.
Although I agree that many have become indifferent to this old FUD but I don't think that conclusion could be made about everyone (what I said about market maturity). You see this is not 20 days ago when the price hasn't dumped yet and is still above $50k, but instead it is in $40k range and is already over-dumped so even a strong FUD would have a very hard time pushing it any lower let alone a weak old FUD that people mostly ignore.
legendary
Activity: 2940
Merit: 1083
September 25, 2021, 07:31:55 PM
#18
Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

Bitcoin already received lots of FUD, even bigger than that before. The price will surely react to the price but expect that after a brief period of time, a bounce-back is surely to happen. For now, let's follow what will be the progress after that China's action and what will be the result of it afterwards.

We don't know if it will affect the market for long but at least we have the assurance that a price push will happen soon erasing the results of the FUD.
legendary
Activity: 2954
Merit: 2145
September 25, 2021, 07:27:52 PM
#17
The market already knows that China will not allow crypto-related things to operate officially in their country, so even if they will have tools to enforce their ban more deeply, it doesn't change things much. Bitcoin's price does not dependent on level of adoption by Chinese citizens, regardless if it's legal use or underground p2p use.
sr. member
Activity: 2506
Merit: 368
September 25, 2021, 07:13:26 PM
#16
People are already know how China is making FUD always just to divert the mindset of their people. It has no significant huge impact on the market as people never weigh this anymore but instead consider this as another fake news and unconsiderable condition and besides, even without China the market will still be able to survive and make rallies again.
It doesn't matter how many times they spread news like this as still people will just ignore and keep doing what they think is right and disregards all the news coming from this country.

This is true. Even if they totally ban crypto in their country, life outside their market goes on. People are used to this kind of news from China. I don't think they can ever fully control the activities of their people. There will always be underground activities. Anyway, miners can always find a new home outside their country. As if bitcoin market will stop because of them.
^ But we can't deny the fact that it has an impact on the market and becomes the market price moving downside because of the latest news that was received from them. FUD was always there and it has been how many years I repeatedly experienced this but I believed at the end of the point BTC price will increase after the FUD will happen and loser those people who believe in FUD. However, even though there is an impact, the market heals itself and becomes fine later. So you think for now people believed in FUD especially those who have experience working at them.
I don't know what is happening but this can't affect the market but the FUD itself manage to push the price a little, I guess there are still weak-hands out there who can be easily fall for the china's trap. China has been banning Bitcoin in the past and yet nothing happens they should totally ban Bitcoin if that's what they want.

It helps a lot to the community but I have a doubt that would work since I almost think those whales manipulating the market probably living in China so they can take advantage of the situation.
hero member
Activity: 2590
Merit: 644
September 25, 2021, 04:58:36 PM
#15
People are already know how China is making FUD always just to divert the mindset of their people. It has no significant huge impact on the market as people never weigh this anymore but instead consider this as another fake news and unconsiderable condition and besides, even without China the market will still be able to survive and make rallies again.
It doesn't matter how many times they spread news like this as still people will just ignore and keep doing what they think is right and disregards all the news coming from this country.

This is true. Even if they totally ban crypto in their country, life outside their market goes on. People are used to this kind of news from China. I don't think they can ever fully control the activities of their people. There will always be underground activities. Anyway, miners can always find a new home outside their country. As if bitcoin market will stop because of them.
^ But we can't deny the fact that it has an impact on the market and becomes the market price moving downside because of the latest news that was received from them. FUD was always there and it has been how many years I repeatedly experienced this but I believed at the end of the point BTC price will increase after the FUD will happen and loser those people who believe in FUD. However, even though there is an impact, the market heals itself and becomes fine later. So you think for now people believed in FUD especially those who have experience working at them.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
September 25, 2021, 04:21:32 PM
#14
People are already know how China is making FUD always just to divert the mindset of their people. It has no significant huge impact on the market as people never weigh this anymore but instead consider this as another fake news and unconsiderable condition and besides, even without China the market will still be able to survive and make rallies again.
It doesn't matter how many times they spread news like this as still people will just ignore and keep doing what they think is right and disregards all the news coming from this country.

This is true. Even if they totally ban crypto in their country, life outside their market goes on. People are used to this kind of news from China. I don't think they can ever fully control the activities of their people. There will always be underground activities. Anyway, miners can always find a new home outside their country. As if bitcoin market will stop because of them.
full member
Activity: 816
Merit: 133
September 25, 2021, 04:10:58 PM
#13
History repeats itself but this time with a twist  Grin Wonder how would this Chinese Government stop or so-called regulation of Cryptocurrency in their country. Manipulative bastards always wanted to be above everyone else, No wonder there is still a lot of underground miners who seems to be actively mining despite this threat. It's funny how they want to manipulate things, knowing the fact that almost 75% of the supply came from them.
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