New (old) FUD coming from China? | Bitcointalksearch.org

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Quote from: yohananaomi on October 08, 2021, 01:10:50 PM

Quote from: ScamViruS on October 02, 2021, 12:55:56 PM

China has always created FUDs to dominate the market. China wants to control bitcoin as much as they want. Their newly created central bank fud had had an impact on the crypto market for a period of time, but now the market is recovering strongly again. So now it seems that China's newly created fud will not have much impact on the crypto market.

If you look at the recent market situation, you will understand how fast the market is trying to recover. So keep an eye on the market, what is the activity of others, then you will understand what is actually going on in the market.

It looks like what China has done several times and it's true what you said, maybe the effect is not like when they first banned it, because now many people understand what China means. China must be recognized as the biggest center of mining and they have certain goals for it, but it seems that the market and the people themselves have not responded positively to it, so that what they want so far has not been achieved.

China will continue to do the same thing at every opportunity because their intentions have not yet been achieved properly. so there will be things like this prohibition in the future, until the desired goal can be achieved. because we know that China is an expert in making replicas of the original, is there a specific purpose about bitcoin? We can't know, only time will tell.

They can replicate bitcoin but they can never replicate the success of bitcoin. What china did is a complete ban for crypto, everything related to crypto is now illegal, and once china has the biggest miners, but they ban it so mining investors transfer to a new location while some stopped their business.

With this action, they are just taking the opportunity from their people to profit from crypto and to help the ecosystem grow, however, we should not lose hope as in reality, crypto will grow even the biggest country will not support it.

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Quote from: ScamViruS on October 02, 2021, 12:55:56 PM

China has always created FUDs to dominate the market. China wants to control bitcoin as much as they want. Their newly created central bank fud had had an impact on the crypto market for a period of time, but now the market is recovering strongly again. So now it seems that China's newly created fud will not have much impact on the crypto market.

If you look at the recent market situation, you will understand how fast the market is trying to recover. So keep an eye on the market, what is the activity of others, then you will understand what is actually going on in the market.

It looks like what China has done several times and it's true what you said, maybe the effect is not like when they first banned it, because now many people understand what China means. China must be recognized as the biggest center of mining and they have certain goals for it, but it seems that the market and the people themselves have not responded positively to it, so that what they want so far has not been achieved.

China will continue to do the same thing at every opportunity because their intentions have not yet been achieved properly. so there will be things like this prohibition in the future, until the desired goal can be achieved. because we know that China is an expert in making replicas of the original, is there a specific purpose about bitcoin? We can't know, only time will tell.

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Quote from: sana54210 on October 03, 2021, 04:24:52 PM

Quote from: michellee on October 03, 2021, 01:33:48 AM

Maybe they will still do that and think they can use the same scenario to make the market crash. But hopefully, they know and remember that no matter how bad the news they created, the market will go strong and hold the bad news and if people can remain calm while reading their bad news, it will not happen anything worst. Maybe the market will have a correction because of that bad news, but it will be back increased and who knows, that can be a good step to lift the price and boost the price to the next high price.

We never know if China holds bitcoin or not because they will never announce it in a short time. They only want to buy bitcoin at a low price and hold it for a while until the price comes back to the high price while preparing it to sell at a high price. But we do not know what their next scenario and we should be ready for that.

I would assume that if they were doing it in a hidden way, they wouldn't want their countrymen to be absent from it neither. A bad news is something that I can understand but making bitcoin totally illegal in a nation while also trading it yourself as the government of that nation doesn't sound like something that would be quite possible. Obviously it is something that may happen but I doubt that it is the only way to make money in that situation neither.

I am not saying that they are not doing it, they may do it and we will never hear about it unless some whistleblower comes out about it, but it is still not looking like a possible thing, it is improbable but not impossible in my mind.

Ah, there are so many scenarios about what they could do behind all of this and unfortunately, we really do not have an idea about that. We know that they are very strict with their country and once their government announces something, all of their people must follow without rejection. The government can block all information that will send out of their country easily because it should pass by the government.

It seems it is hard to predict what their government will do next as there is no clue at all. We'd better prepare ourselves with any conditions that will happen next, especially if they come back with another negative news about bitcoin. Hopefully, that will not impact the crypto market.

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Quote from: Ararbermas on October 02, 2021, 12:28:37 PM

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

they will not stop spreading negative information unless if they already obtained enough attention around the internet in order for them to spread the information as well that they already have their own digital currency. Lol
They're very hated with crypto or should i say in bitcoin, wherein even though it's been months since they banned all the activities of it within the country, and they announced the new policy after the replacement of crypto with their own digital currency.. I don't know what's the other reason of china why they still doing the same way at this point, even it's obvious that all of their efforts to shutdown crypto currency is useless because they already out of it.. Lol

Get used to it on which they've been always like this on where they do make out decisions which is neither totally opposing or in positive side.No one really knows on whats up into their minds because it always been

like this get back in the past which upcoming similar decisions could really happen in upcoming years to come.This isnt limited on China but also in other countries as well not only on legal matters but also
with some personal FUDs came from other people specially known ones.

Expect the unexpected and place your position whenever you do see an opportunity to buy cheap.

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Quote from: michellee on October 03, 2021, 01:33:48 AM

Maybe they will still do that and think they can use the same scenario to make the market crash. But hopefully, they know and remember that no matter how bad the news they created, the market will go strong and hold the bad news and if people can remain calm while reading their bad news, it will not happen anything worst. Maybe the market will have a correction because of that bad news, but it will be back increased and who knows, that can be a good step to lift the price and boost the price to the next high price.

We never know if China holds bitcoin or not because they will never announce it in a short time. They only want to buy bitcoin at a low price and hold it for a while until the price comes back to the high price while preparing it to sell at a high price. But we do not know what their next scenario and we should be ready for that.

I would assume that if they were doing it in a hidden way, they wouldn't want their countrymen to be absent from it neither. A bad news is something that I can understand but making bitcoin totally illegal in a nation while also trading it yourself as the government of that nation doesn't sound like something that would be quite possible. Obviously it is something that may happen but I doubt that it is the only way to make money in that situation neither.

I am not saying that they are not doing it, they may do it and we will never hear about it unless some whistleblower comes out about it, but it is still not looking like a possible thing, it is improbable but not impossible in my mind.

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Quote from: sana54210 on October 02, 2021, 02:28:26 PM

Quote from: michellee on October 01, 2021, 11:06:42 PM

I guess they will not publicly announce that like what El Salvador does Grin

China will keep that for themselves and if they hold bitcoin, they will hide it from others. What they have will for them, what others have will be for them too Grin

Maybe they will still try to manipulate and spreads the negative news to the public. Hopefully, the market will not get the impact from that and can stay calm while preparing for the next thing that can happen.

If they are so much against it, then it would not make sense for them to hold any at all. Sure it could crash when they make these announcements and they could buy cheaper but it doesn't guarantee any method that it will go back up. They are just trusting crypto itself to make it go higher and they crash it to buy more and then let it go up itself and crash it and so forth.

It just doesn't make sense to me. For me to make a good investment I must want something to keep going up forever, and that could only happen if I support it. If china one day comes out and say that they changed their idea and love bitcoin now, I may believe it, but that is the only way, I do not believe they hold any right now.

Maybe they will still do that and think they can use the same scenario to make the market crash. But hopefully, they know and remember that no matter how bad the news they created, the market will go strong and hold the bad news and if people can remain calm while reading their bad news, it will not happen anything worst. Maybe the market will have a correction because of that bad news, but it will be back increased and who knows, that can be a good step to lift the price and boost the price to the next high price.

We never know if China holds bitcoin or not because they will never announce it in a short time. They only want to buy bitcoin at a low price and hold it for a while until the price comes back to the high price while preparing it to sell at a high price. But we do not know what their next scenario and we should be ready for that.

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Quote from: zeuner on October 02, 2021, 03:23:09 PM

Quote from: ?? on ??

This is a bigger one, they're double downing on banning crypto altogether as the articles says that they're finally banning crypto transactions so it's most likely that they're doing a lot of stuff.

With China being pretty serious about quitting BTC, the price afterwards reflects the value with the China-related business being mostly removed.

Who knows whether the resulting BTC will suffer long-term damage or even be more resilient afterwards.

History tells us that bitcoin is so resilient, even the pandemic, the price didn't stop. We suffered a big meltdown -60%, but we have bounce back already X times from the pandemic. What more from the Chinese FUD?

So let the Chinese ban or quit on bitcoin, we can't really stop their government from doing it. But if they think that it will have a big impact on the price, they are all wrong.

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Quote from: ?? on ??

This is a bigger one, they're double downing on banning crypto altogether as the articles says that they're finally banning crypto transactions so it's most likely that they're doing a lot of stuff.

With China being pretty serious about quitting BTC, the price afterwards reflects the value with the China-related business being mostly removed.

Who knows whether the resulting BTC will suffer long-term damage or even be more resilient afterwards.

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Quote from: michellee on October 01, 2021, 11:06:42 PM

I guess they will not publicly announce that like what El Salvador does Grin

China will keep that for themselves and if they hold bitcoin, they will hide it from others. What they have will for them, what others have will be for them too Grin

Maybe they will still try to manipulate and spreads the negative news to the public. Hopefully, the market will not get the impact from that and can stay calm while preparing for the next thing that can happen.

If they are so much against it, then it would not make sense for them to hold any at all. Sure it could crash when they make these announcements and they could buy cheaper but it doesn't guarantee any method that it will go back up. They are just trusting crypto itself to make it go higher and they crash it to buy more and then let it go up itself and crash it and so forth.

It just doesn't make sense to me. For me to make a good investment I must want something to keep going up forever, and that could only happen if I support it. If china one day comes out and say that they changed their idea and love bitcoin now, I may believe it, but that is the only way, I do not believe they hold any right now.

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China has always created FUDs to dominate the market. China wants to control bitcoin as much as they want. Their newly created central bank fud had had an impact on the crypto market for a period of time, but now the market is recovering strongly again. So now it seems that China's newly created fud will not have much impact on the crypto market.

If you look at the recent market situation, you will understand how fast the market is trying to recover. So keep an eye on the market, what is the activity of others, then you will understand what is actually going on in the market.

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

they will not stop spreading negative information unless if they already obtained enough attention around the internet in order for them to spread the information as well that they already have their own digital currency. Lol
They're very hated with crypto or should i say in bitcoin, wherein even though it's been months since they banned all the activities of it within the country, and they announced the new policy after the replacement of crypto with their own digital currency.. I don't know what's the other reason of china why they still doing the same way at this point, even it's obvious that all of their efforts to shutdown crypto currency is useless because they already out of it.. Lol

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Quote from: Fredomago on October 01, 2021, 12:42:50 PM

We are unsure with the real situation and if you are saying that people who are in China who use Bitcoin is not being bother with this news, something that really confusing, or it's the negative news that wanted to drag the price down to make it cheaper for bagging, whales are doing all the best that they know to provoke investors to sell out their assets.

Not good, but if you are aiming for long term, it won't affect you since you do believe that the market always has the capabilities to bounce back and recover.

The only people who are bothered with the news right now are US citizens and that's worse because they can be abroad and US laws still aply to them, which makes the South Korea news actually bigger than Chinese ones because if the SK tax authority can pursue citizens abroad just the way US's IRS does, then they'll be the ones in real danger.

Chinese guys at the news: meh.

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Quote from: stadus on October 01, 2021, 08:43:33 AM

Quote from: michellee on October 01, 2021, 01:53:56 AM

Quote from: Oasisman on September 30, 2021, 05:36:27 AM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

You are right and I think they are trying to manipulate what happened in their country, especially for the negative news of bitcoin that happened before. They pretend they do not like bitcoin, but they have their own agenda by saying like that. They are good at manipulating and playing with the negative news and making people out there panic because of reading their news. Hopefully, that will not make people, especially from outside China, worry about the news and still try to get involved in bitcoin.

If they are manipulating, it will be only for their own good, not for their people as they ban crypto while they are holding bitcoin. Anyway, it's just speculation that the government is really holding as they don't publicly announce that, so let's see what could be the possible purpose of China if they hold bitcoin while they are making regulations to ban bitcoin and related cryptocurrencies in their country.

I guess they will not publicly announce that like what El Salvador does Grin

China will keep that for themselves and if they hold bitcoin, they will hide it from others. What they have will for them, what others have will be for them too Grin

Maybe they will still try to manipulate and spreads the negative news to the public. Hopefully, the market will not get the impact from that and can stay calm while preparing for the next thing that can happen.

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Quote from: slaman29 on September 27, 2021, 07:03:30 AM

Quote from: Fredomago on September 26, 2021, 10:31:23 PM

Something interesting to watch out, if they can really track each transactions and crack everyone who still dealing with crypto it surely be another issue that will shake everyone from China to follow the government rules, we know the fact that there are many big players behind who still supporting and engaging with crypto they are now the target and sooner or later we will see more impacts to comes out.

Let China take care of whatever they wanted from their people and leave Crypto to those people outside china to continue doing what is best for this industry.

As I was mentioning in my last comment, I think a lot of people misunderstand the true situation in China. And I don't even know what it really is, but if you get the chance to speak to Chinese people who are actually using Bitcoin, none of this FUD has ever bothered them. Same as the last mining FUD, did we see miners panicking? No, we saw them happily pack up and go elsewhere.

I think markets always react, right or wrong. The truth is what long term brings price up.

We are unsure with the real situation and if you are saying that people who are in China who use Bitcoin is not being bother with this news, something that really confusing, or it's the negative news that wanted to drag the price down to make it cheaper for bagging, whales are doing all the best that they know to provoke investors to sell out their assets.

Not good, but if you are aiming for long term, it won't affect you since you do believe that the market always has the capabilities to bounce back and recover.

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Quote from: michellee on October 01, 2021, 01:53:56 AM

Quote from: Oasisman on September 30, 2021, 05:36:27 AM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

You are right and I think they are trying to manipulate what happened in their country, especially for the negative news of bitcoin that happened before. They pretend they do not like bitcoin, but they have their own agenda by saying like that. They are good at manipulating and playing with the negative news and making people out there panic because of reading their news. Hopefully, that will not make people, especially from outside China, worry about the news and still try to get involved in bitcoin.

If they are manipulating, it will be only for their own good, not for their people as they ban crypto while they are holding bitcoin. Anyway, it's just speculation that the government is really holding as they don't publicly announce that, so let's see what could be the possible purpose of China if they hold bitcoin while they are making regulations to ban bitcoin and related cryptocurrencies in their country.

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Quote from: Oasisman on September 30, 2021, 05:36:27 AM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

You are right and I think they are trying to manipulate what happened in their country, especially for the negative news of bitcoin that happened before. They pretend they do not like bitcoin, but they have their own agenda by saying like that. They are good at manipulating and playing with the negative news and making people out there panic because of reading their news. Hopefully, that will not make people, especially from outside China, worry about the news and still try to get involved in bitcoin.

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Quote from: arwin100 on September 30, 2021, 05:38:10 AM

Quote from: YuginKadoya on September 30, 2021, 05:13:10 AM

Quote from: ultrloa on September 27, 2021, 06:57:47 PM

Quote from: YuginKadoya on September 27, 2021, 06:21:16 PM

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder Grin

since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

Exactly because getting panic on what situation occurring is not helpful to us since we might drop a bad decision since we are disturb by certain instance, that's why we need to be calm and be cautious on how the market goes at the moment since maybe from that we can define the dip then we can convert it to profit by holding it in short or long term period based on decision we want to made with it.

Obviously those spreading fuds on NFT games are those people who doesn't have money to buy those established NFT games and jealous for what they see on their current investors.

Experienced people wont panic out but considering that there are lots of newbies or noobs on this market or to those who had just recently jumped in then it cant really be avoided that reactions like this would really be that common.Being calm is something that you cant see with those people but rather being wary and being anxiety on the situations.

FUDS are pretty common on this market or lets say its always been part and as an investor or trader then you should really prepared on what are things to come
and act accordingly on it.

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Quote from: Rimueng on September 28, 2021, 07:56:42 AM

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

But there could be other reasons and not just this supposedly FUD coming from China again.

Bitcoin future expirations usually take the price down every 3rd or 4th week of the month. And for me this is one reason, why we have a sudden crash again to $41k. But after it has been settled, it will recover very fast and then the cycle continues.

So for newbies, don't be dishearten and affected by every news coming from China or the downturn on the last week of every month because of bitcoin future expirations. The market will not go on parabolic rise. We might hit $52k again or even more in October.

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Quote from: YuginKadoya on September 30, 2021, 05:13:10 AM

Quote from: ultrloa on September 27, 2021, 06:57:47 PM

Quote from: YuginKadoya on September 27, 2021, 06:21:16 PM

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder Grin

since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

Exactly because getting panic on what situation occurring is not helpful to us since we might drop a bad decision since we are disturb by certain instance, that's why we need to be calm and be cautious on how the market goes at the moment since maybe from that we can define the dip then we can convert it to profit by holding it in short or long term period based on decision we want to made with it.

Obviously those spreading fuds on NFT games are those people who doesn't have money to buy those established NFT games and jealous for what they see on their current investors.

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Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

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Quote from: ultrloa on September 27, 2021, 06:57:47 PM

Quote from: YuginKadoya on September 27, 2021, 06:21:16 PM

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder Grin

since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

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Quote from: Rimueng on September 28, 2021, 07:56:42 AM

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

Worries of some people might stay, as usual, can't blame them anyway as they still don't understand it. But looking at the trend in regards to the recent issue of banning again, I think people had learned already and only a few people did sacrifice their coins while the rest keep on holding. Well, I suppose to expect that since having this issue is not new to everyone and we know the aftermath of this and that was a market surge.

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

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Quote from: TheGreatPython on September 27, 2021, 01:42:28 PM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

They fail more if they are still trying to spread their FUD as crypto users are now more clever than they think. They think that their bad news will always work, but not like that. Their bad news will only work if people do not have a strong hand to hold their coin and still buying when the price is down. China only wants to use the moment to buy more bitcoin for themselves.

They are preparing their stable coin without giving updates because they want to keep it secret until they announce it to the public. They give bad news for crypto users but on the other side, they will offer a solution to solve this problem by using their product. That is a marketing strategy that many people do not realize.

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Quote from: YuginKadoya on September 27, 2021, 06:21:16 PM

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder Grin

since from that for sure we will not affected from value decrease hitting up at the moment.

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This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

Hippocrypto

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

Old news like this shouldn't be put into a very serious things, some frustrated investors just did it for deceptions. They're trying to fool other new comers and sprouted FUD in order to threaten them not to buy bitcoin.
Unfortunately it ended up a mess, since everyone was doing a fact checks and found out old news kept on spreading without any legit information as support.
I would rather recommend, ignoring this type of non sense just to avoid possible panic or demotivations.

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China is never tired of coming up with more and more FUD. The finny thing is, which ever way they go, they are always faced with the same result and yet, they throw yet another stunt. Its really surprising of them how they hold up but, there could be a different game at play. A game of actually creating in the mind of bitcoiners the instability of bitcoin to be on a negative side, the side of a dump and eventually trigger a massive sell. With the market yet to recover, they would promote just another FUD to keep it going bearish but, we all know this is going to be impossible so, the Chinese government can just stop this at once.

$crypto$

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Quote from: TheGreatPython on September 27, 2021, 01:42:28 PM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

People are no longer panicking about what China is doing with the hot news, even it was long before China had planned this and really wanted to destroy cryptocurrency and replace it with what they made with all efforts to ban it on a large scale but now bitcoin still remains firmly above $40k, now with China wanting to build that they will control themselves like cryptocurrencies, there are already a lot of opposition in other countries, is this effective to continue to do?

I won't panic if the FUD comes from China, it's all in vain and bitcoin will still be victorious in many communities, even though Chinese miners make a lot of their mining tools, I'm sure they will definitely return to mining.

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Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

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Quote from: Fredomago on September 26, 2021, 10:31:23 PM

Something interesting to watch out, if they can really track each transactions and crack everyone who still dealing with crypto it surely be another issue that will shake everyone from China to follow the government rules, we know the fact that there are many big players behind who still supporting and engaging with crypto they are now the target and sooner or later we will see more impacts to comes out.

Let China take care of whatever they wanted from their people and leave Crypto to those people outside china to continue doing what is best for this industry.

As I was mentioning in my last comment, I think a lot of people misunderstand the true situation in China. And I don't even know what it really is, but if you get the chance to speak to Chinese people who are actually using Bitcoin, none of this FUD has ever bothered them. Same as the last mining FUD, did we see miners panicking? No, we saw them happily pack up and go elsewhere.

I think markets always react, right or wrong. The truth is what long term brings price up.

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Quote from: ene1980 on September 26, 2021, 03:34:38 PM

Quote from: passwordnow on September 26, 2021, 02:54:18 AM

~
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.

In this market, whoever sends the bad news is totally either of two, really hates crypto or accumulating. It's been seen many times that whoever has made those news, eventually, they were known to be also part of those accumulators that are collecting as much as they can.
So it is really likely that we'll see that expose soon but if not, then they'll stand on their statement and acts that they're prohibiting their country to thrive towards crypto but just as what we feel, this is literally a fud.

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I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

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Quote from: cabron on September 26, 2021, 08:35:20 PM

They are seriously disallowing any crypto transaction so it's got to be another crackdown. Next year the news will be Chinese Government is Really Really Serious.

There should be news to see some Chinese investors going to be locked after being caught, I wonder how they will be able to find these investors sending transactions unless their 5G really is that effective in seeking these transactions and identifying personalities.

Something interesting to watch out, if they can really track each transactions and crack everyone who still dealing with crypto it surely be another issue that will shake everyone from China to follow the government rules, we know the fact that there are many big players behind who still supporting and engaging with crypto they are now the target and sooner or later we will see more impacts to comes out.

Let China take care of whatever they wanted from their people and leave Crypto to those people outside china to continue doing what is best for this industry.

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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

We are already aware on how allergic this country on crypto as a whole hence its not a new issue anymore and not the reason why there's a correction.

Even they renewed and widen the ban for crypto transactions I doubt that it will have an impact to the market since it happened already in the past and investors are used to it.

Unless if you can be easily move by this news that can make you panic because only newbies are behaving like that.

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They are seriously disallowing any crypto transaction so it's got to be another crackdown. Next year the news will be Chinese Government is Really Really Serious.

There should be news to see some Chinese investors going to be locked after being caught, I wonder how they will be able to find these investors sending transactions unless their 5G really is that effective in seeking these transactions and identifying personalities.

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We cant be surprised by this, China has capital controls to restrict the flow of currency available to their people. When the central bank prints in this country its even worse then here because they are left with little alternative where as USA or anywhere normal does allow the purchase of alternatives to the dollar. BTC was far too convenient and flexible to be allowed to continued, you can take this ban as a negative or see it as a problem for communist overlords because BTC was a threat to their domination and bullying of their people ie. its nothing negative on BTC itself.

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Quote from: sujonali1819 on September 24, 2021, 08:45:28 AM

Ha ha... China always come to such news to dump BTC lol. This is now very normal in crypto market. Don't know exactly why the market crash again today. But this could be a reason also. Because know after such news market will crash temporary. So why they don't take the opportunities of sell and buy back.

The dump of market is temporary. If we see back history of bitcoin we may see there are lot of news and pump dump game in crypto. But it was not last long. Hope this time also happen the same thing and bitcoin will rise again with more power.

temporary but still it could have a huge impact... think about how the last time they did this and the market crashed to 6 months low. prepare for that, even though this time could be really different as there is a lot of instituions, professional fund manager and a country that adapted bitcoin as a currency get involved ... preparing always a better option rather than putting too much confidence. sivis pacem para belum.

nobody knows also how much china government holding in bitcoin, with this continuous crazy sentiment from china... i can only see that the currency war has begun since long time ago.

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Quote from: bots1 on September 26, 2021, 06:29:37 AM

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.

This is normal reaction of the market and its not new anymore because China almost banned everything, especially the international brand like Facebook, whatsapp, google and many more simply because they are creating their own platform and that’s how communism works, I wonder what would be the effect of digital yuan to cryptocurrency. Same FUD from China but they can never stop their people from owning crypto.

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Quote from: Oceat on September 25, 2021, 06:13:26 PM

Quote from: DoublerHunter on September 25, 2021, 03:58:36 PM

Quote from: Twinkledoe on September 25, 2021, 03:21:32 PM

Quote from: Yamifoud on September 25, 2021, 10:05:01 AM

snip...

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.

It probably there some left but the good thing is that majority are able to manage it and hold their coins. 10% market decline is just a normal correction that is why I'd never see this has a huge impact on the market, maybe if it is more than that but it wasn't the trend we experience and I think that people had kept their trust than being doubtful.
With what is was shown, I'm confident that we can see the market price turns green again. Might expect a price rally next month and onwards.

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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.

Quote from: tygeade on September 26, 2021, 03:09:21 PM

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.

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Quote from: passwordnow on September 26, 2021, 02:54:18 AM

~
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.

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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.

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Quote from: Oasisman on September 26, 2021, 02:50:29 AM

Quote from: stadus on September 26, 2021, 01:53:34 AM

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.

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Quote from: bots1 on September 26, 2021, 06:29:37 AM

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.

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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.

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Quote from: Oasisman on September 26, 2021, 02:50:29 AM

Quote from: stadus on September 26, 2021, 01:53:34 AM

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.

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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.

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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.

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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".

Quote from: stadus on September 26, 2021, 01:53:34 AM

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.

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Quote from: stadus on September 26, 2021, 01:53:34 AM

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.

stadus

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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.

Gozie51

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Quote from: Dave1 on September 24, 2021, 09:39:26 PM

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.

pooya87

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Quote from: Yaunfitda on September 25, 2021, 07:13:10 AM

Quote from: pooya87 on September 25, 2021, 01:49:51 AM

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.

goinmerry

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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.

hatshepsut93

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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.

Oceat

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Quote from: DoublerHunter on September 25, 2021, 03:58:36 PM

Quote from: Twinkledoe on September 25, 2021, 03:21:32 PM

Quote from: Yamifoud on September 25, 2021, 10:05:01 AM

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.

DoublerHunter

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Quote from: Twinkledoe on September 25, 2021, 03:21:32 PM

Quote from: Yamifoud on September 25, 2021, 10:05:01 AM

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.

Twinkledoe

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Quote from: Yamifoud on September 25, 2021, 10:05:01 AM

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.

markdario112616

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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.

Yamifoud

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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.

bittraffic

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Quote

Shortly after China enforced the crypto exchange ban, Bitcoin reached $20,000 for the first time in December 2017.

This is from the article. It comes to my mind that it may happen once again because of this new regulation crackdown. All crypto transactions are going to be deemed illegal in China. Does it mean that the Chinese investors may only just be holding their BTC and not trade anymore or they still could do trade just not the exchange base on China?

Lanatsa

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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

Don't know if its true until its proven because China is always been having this kind of behavior when it comes to crypto neither they do make out some negative things or against with it most of the time or

they do really make out some positive decision but this had been always on negative thing.Is it true? We cant tell if they could really be having that tool but for sure that people wont really be trying out

to go against with the government because they do know on what are the complications or consequences when you do violate something.Does it affect the market? Somehow but not really be a full
reason on why we are going down.

Yaunfitda

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Quote from: pooya87 on September 25, 2021, 01:49:51 AM

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.

Renampun

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china is doing pointless things again, their fud never had great success...

a few hours ago the price of bitcoin fell freely but the price has gone up a few percent. the chinese government will definitely keep trying to make common people hate crypto, they are hard to give up even though they already know the results will only make them embarrassed "lol"

Novita

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Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

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?

There is no possibility for china to shift bitcoin, or do anything to make bitcoin go down at an unreasonable price, the negative impact of the ban imposed by china will also not have much effect on bitcoin, because bitcoin itself has been through tough times from the start until now, most people actually trust bitcoin more than listen to the ban they put in place, but for cryptocurrencies in general it will be little affected by the actions taken by the state authorities that bring the power to combat crypto operations, but I believe bitcoin will have little effect on the matter .

DU18

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Quote from: ?? on ??

This is a bigger one, they're double downing on banning crypto altogether as the articles says that they're finally banning crypto transactions so it's most likely that they're doing a lot of stuff.

I think this is an affirmation from the Chinese financial authorities to ban any crypto currency industry operations in China and of course this is a follow up from the Chinese government after several months ago banning crypto mining, especially bitcoin in their country, I saw the circulating FUD recently has caused the price of bitcoin to drop drastically around 4.0% from the previous price which was at the level of $44K, now the price of bitcoin has decreased by around $2K or $42K in the market.

pooya87

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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.

Poker Player

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Yeah, same old story, FUD from China, how shocking lol.

They are making a mistake, with their desire to control everything. If China has been successful it was because of the reforms introduced by
Deng Xiaoping that moved China away from Communism in economic policy and closer to capitalism. Now it seems that they want to go backwards and with Bitcoin they are making the same mistake they made by not switching to the gold standard:

How the silver standard wrecked Chinas economy.

adaseb

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The news still has an effect on price however not as bad as the prior times when China decided to crack down on crypto. I still remember back in early 2014 when they banned it and combined with MtGox bankruptcy it had a major effect on price. What happened today is pretty minor.

Just like they banned crypto mining a few months back. Eventually the market absorbed this news and forgot about it. The hashrate is back and everything. And with this news it will be the same more or less. This FUD and there are people who are selling their crypto for the cheap due to this news.

Dave1

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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.

sujonali1819

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Ha ha... China always come to such news to dump BTC lol. This is now very normal in crypto market. Don't know exactly why the market crash again today. But this could be a reason also. Because know after such news market will crash temporary. So why they don't take the opportunities of sell and buy back.

The dump of market is temporary. If we see back history of bitcoin we may see there are lot of news and pump dump game in crypto. But it was not last long. Hope this time also happen the same thing and bitcoin will rise again with more power.

BurningChrome

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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?

Topic: New (old) FUD coming from China? (Read 473 times)