sometimes we see this problem as a political economy, where every year China issues bad statements against BTC and this looks very stale and unfit for consumption by BTC users, it doesn't even affect price movements but the number of transactions is getting bigger every time from exchanges managed by China.
stay focused on trading to profit from every price movement and regardless of any issues.
Topic: Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC (Read 353 times)
October 11, 2021, 02:17:53 PM
October 09, 2021, 05:05:35 PM
Probably the reason why bitcoin has became a threat in china is due to the fact that it gave too much freedom, bitcoin has been very popular among Chinese since they hold the highest mining rate in the world and the were able to use it freely and not having to worry about the government, but because of that and because of how they can't hold control over the bitcoin network and we all know how the Chinese need to have always be tracking their people's movements and actions, it posed a threat that needed to dealt with before it got more popular.
lol, i can only say lol. china are indeed against any form of freedom and since bitcoin itself as a symbol of a freedom and actually it is. of course they will do anything to de-freedomination lol, this statement from you just really makes sense to me personally. thats why i used lol so much this time lol.
its just like a funny statement but damn true.
they ban bitcoin now and fully legalized it tomorrow, typical china.
October 09, 2021, 03:00:09 PM
I am not sure how many china threads we have but I have said this before too. China only will get into those things which are very important to them and their nation. They just want to develop their nation (or may be few billionaires) and get rid off those things which they are unable to control. As of now they understand very well that bitcoin is no place for the China to enter even after they had the biggest operation of mining on their soil. Unfortunately it had negative effect on them and they had to take it down due to blackouts. The later also seems to be conspiracy to me so that no one can laugh on them. Lolz. Moreover if they impose it or not does not matter, BTC is still healthy and with the current bull I see BTC already shown it's power. 
No other nation controls bitcoin too, can't they realize that. When we are talking about USD getting more famous, I totally understand them not wanting something like that, when it is euro or pound or whatever I get it. However, bitcoin doesn't belong to anyone, so it wouldn't really hurt them.It is really weird how tough they are ruling that nation, I wouldn't even imagine living in a nation like that, even if it was a good nation to live in which it isn't, having your freedoms blocked as bad as ccp blocks Chinese rights, it would be horrible even if I was a billionaire, which Jack Ma proved that it is not even good to be a billionaire there. All in all crypto is far better without them, and I am happy that they keep doing FUDs in their nation, let Chinese people be behind on crypto.
October 08, 2021, 11:51:53 PM
It's not a threat to them, they're antagonizing bitcoin because they have a stake in bitcoin. They manipulate the market because they know that they can do this, there's a reason why the big FUDs come from them because that's how they move the market.
They already manipulate the market and spreads FUD to the public and make people panic.But that strategy will not work forever because people will think that they only want to benefit from the crash.
Maybe every year, they will use different news to make the market crash to use the moment to buy bitcoin because the bitcoin market can get down because of their news.
I believe the market will be back to normal and will have a chance to lift the high price.
October 08, 2021, 10:59:51 PM
Every Year they come with some such bad news about Crypto Ban in China. This time they also don't forget to do that. But I don't think it will alive for long time. It's just temporary and I think this will solve or the effectivity will less day by day. Btw Bitcoin don't care the china fraud anymore. So don't worry about it.
Exactly, there is nothing new about the china. I am not sure how many china threads we have but I have said this before too. China only will get into those things which are very important to them and their nation. They just want to develop their nation (or may be few billionaires) and get rid off those things which they are unable to control. As of now they understand very well that bitcoin is no place for the China to enter even after they had the biggest operation of mining on their soil. Unfortunately it had negative effect on them and they had to take it down due to blackouts. The later also seems to be conspiracy to me so that no one can laugh on them. Lolz. Moreover if they impose it or not does not matter, BTC is still healthy and with the current bull I see BTC already shown it's power.
October 08, 2021, 07:42:29 PM
It's not a threat to them, they're antagonizing bitcoin because they have a stake in bitcoin. They manipulate the market because they know that they can do this, there's a reason why the big FUDs come from them because that's how they move the market.
October 08, 2021, 05:02:46 PM
I have seen a picture about the number and list of those that own a lot of bitcoin and IIRC, China is the second on it. I'm not sure if that image was an actual statistic of the whales that own bitcoin and if that's for real. Then it only means that China is accumulating with every FUD that they make. While they're sending that FUD to the world, they're taking care of those bitcoins at the cheap price being sold by those people that have panic sold.
October 08, 2021, 01:25:45 PM
China is big controlling machine, anything China can not control will be removed from the people. China controls her citizens thought, way of life even personal decision like how many children you want to have. Bitcoin is of the most liberating asset, and China can not let her people be liberated!
This is the simplest answer to OP, everything is a threat to China especially if they can’t control it and this is also why they created their own Digital Yuan so they can prevent their people from using cryptocurrency. China is a big FUD, they spread lies and negative news about Bitcoin fortunately, this market is still strong even without China and we are still moving forward and keeps on rising.Such is the character of China, which is greedy for all economic markets, not only in the digital industry, such as the eye, they also do not want other economic sectors to rival China. It is unfortunate that the world has awarded China with the most authoritarian system of government. The role of the US is getting weaker, then with the existence of a very large Chinese FUD it is clear that China does not want cryptocurrencies to shift its position. I hope China realizes what it is doing has harmed many human beings around the world.
October 08, 2021, 01:11:15 PM
Probably the reason why bitcoin has became a threat in china is due to the fact that it gave too much freedom, bitcoin has been very popular among Chinese since they hold the highest mining rate in the world and the were able to use it freely and not having to worry about the government, but because of that and because of how they can't hold control over the bitcoin network and we all know how the Chinese need to have always be tracking their people's movements and actions, it posed a threat that needed to dealt with before it got more popular.
lol, i can only say lol. china are indeed against any form of freedom and since bitcoin itself as a symbol of a freedom and actually it is. of course they will do anything to de-freedomination lol, this statement from you just really makes sense to me personally. thats why i used lol so much this time lol.
its just like a funny statement but damn true.
they ban bitcoin now and fully legalized it tomorrow, typical china.
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October 08, 2021, 11:35:45 AM
Every Year they come with some such bad news about Crypto Ban in China. This time they also don't forget to do that. But I don't think it will alive for long time. It's just temporary and I think this will solve or the effectivity will less day by day. Btw Bitcoin don't care the china fraud anymore. So don't worry about it.
October 08, 2021, 08:20:44 AM
Probably the reason why bitcoin has became a threat in china is due to the fact that it gave too much freedom, bitcoin has been very popular among Chinese since they hold the highest mining rate in the world and the were able to use it freely and not having to worry about the government, but because of that and because of how they can't hold control over the bitcoin network and we all know how the Chinese need to have always be tracking their people's movements and actions, it posed a threat that needed to dealt with before it got more popular.
Maybe that is the reason why China government does not like bitcoin and tends to prohibit bitcoin. But hopefully, that is wrong because we do not know if that is just camouflage to other countries that they do not like bitcoin. We do not know if their government uses bitcoin secretly without anyone knows and their people still mine bitcoin under the government radar. If they really do not like bitcoin, then that will not be a problem because the other countries will still support bitcoin. And if the China government still does not allow their people to use bitcoin, they will regret it when the situation changes in the future.However, this is not new to us as this has been happening since they found out that bitcoin has been adopted already with some countries that are experiencing financial stability after that. Just imagine how this selfish country would feel.
Whether they are new or old in the bitcoin world, we can hope that people will not affect whatever they will spread in the future and will still calm down. Maybe one or more people will panic but the rest of us will remain calm while waiting for the next thing that can happen.
October 08, 2021, 08:17:15 AM
Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
Doesnt only apply on China but also in other countries as well which are heavily regulated where Bitcoin or decentralization itself is a threat because government doesnt really like for things that wont China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
able to be traced up or cant be viewed or be known that they do like thats why some government cant really still be sure whether they do still remain neutral with bitcoin or crypto or would totally
impose bans and restrictions due to that characteristics.China isnt the first time on making out these kind of decisions where they do make out bans and later on they do lift up the ban
and then later on they do it again..Get used to it because they do really have that kind of behavior.
October 08, 2021, 07:32:17 AM
The reason China prohibit Bitcoin trading in their country is because the existence of Bitcoin disrupts the Chinese economic order. Other than that, investors from China were also ordered not to make speculative transaction against Bitcoin. This is China latest attempt to clamp down on burgeoning digital transaction.
The Chinese government also highlighted the risks of trading cryptocurrency, according to them cryptocurrency are not backed by real value, values are easy to manipulate, and trade contracts are not protected by regulation in China. Seeing China's stance that strictly prohibits bitcoin, it seems that Bitcoin and China are two things that cannot be combined.
The Chinese government also highlighted the risks of trading cryptocurrency, according to them cryptocurrency are not backed by real value, values are easy to manipulate, and trade contracts are not protected by regulation in China. Seeing China's stance that strictly prohibits bitcoin, it seems that Bitcoin and China are two things that cannot be combined.
October 08, 2021, 05:19:14 AM
Probably the reason why bitcoin has became a threat in china is due to the fact that it gave too much freedom, bitcoin has been very popular among Chinese since they hold the highest mining rate in the world and the were able to use it freely and not having to worry about the government, but because of that and because of how they can't hold control over the bitcoin network and we all know how the Chinese need to have always be tracking their people's movements and actions, it posed a threat that needed to dealt with before it got more popular.
Maybe that is the reason why China government does not like bitcoin and tends to prohibit bitcoin. But hopefully, that is wrong because we do not know if that is just camouflage to other countries that they do not like bitcoin. We do not know if their government uses bitcoin secretly without anyone knows and their people still mine bitcoin under the government radar. If they really do not like bitcoin, then that will not be a problem because the other countries will still support bitcoin. And if the China government still does not allow their people to use bitcoin, they will regret it when the situation changes in the future.However, this is not new to us as this has been happening since they found out that bitcoin has been adopted already with some countries that are experiencing financial stability after that. Just imagine how this selfish country would feel.
October 08, 2021, 12:12:03 AM
Maybe that is the reason why China government does not like bitcoin and tends to prohibit bitcoin. But hopefully, that is wrong because we do not know if that is just camouflage to other countries that they do not like bitcoin. We do not know if their government uses bitcoin secretly without anyone knows and their people still mine bitcoin under the government radar. If they really do not like bitcoin, then that will not be a problem because the other countries will still support bitcoin. And if the China government still does not allow their people to use bitcoin, they will regret it when the situation changes in the future.
Tax evasion is a serious threat in the crypto world, if you could somehow put your money into crypto before you put it in any legal place, then you could avoid taxes as long as you do not claim that money. Since crypto is also something that is profitable to hold for long term, many very wealthy people could maybe use it to put their crypto in hidden wallets and protect their wealth without paying taxes at all.I do not know how long that will go on, there could be some people who will get caught eventually. China wanted to prevent that beforehand, they are a dictatorship and people hiding their money is not something they could allow, that would look like weakness and they couldn't allow to look like they have a weakness.
China's government, with its power, can make sure they can monitor all activity of their people because they want their people to follow their rules and not trying to do something that they do not like. They will hide their weakness from all, including other countries, to see that China is a strong country. But hopefully, they will realize that their people need something better for their lives and allow people to do something that can benefit them.
October 07, 2021, 02:10:43 PM
Maybe that is the reason why China government does not like bitcoin and tends to prohibit bitcoin. But hopefully, that is wrong because we do not know if that is just camouflage to other countries that they do not like bitcoin. We do not know if their government uses bitcoin secretly without anyone knows and their people still mine bitcoin under the government radar. If they really do not like bitcoin, then that will not be a problem because the other countries will still support bitcoin. And if the China government still does not allow their people to use bitcoin, they will regret it when the situation changes in the future.
Tax evasion is a serious threat in the crypto world, if you could somehow put your money into crypto before you put it in any legal place, then you could avoid taxes as long as you do not claim that money. Since crypto is also something that is profitable to hold for long term, many very wealthy people could maybe use it to put their crypto in hidden wallets and protect their wealth without paying taxes at all.I do not know how long that will go on, there could be some people who will get caught eventually. China wanted to prevent that beforehand, they are a dictatorship and people hiding their money is not something they could allow, that would look like weakness and they couldn't allow to look like they have a weakness.
October 07, 2021, 12:00:47 AM
Probably the reason why bitcoin has became a threat in china is due to the fact that it gave too much freedom, bitcoin has been very popular among Chinese since they hold the highest mining rate in the world and the were able to use it freely and not having to worry about the government, but because of that and because of how they can't hold control over the bitcoin network and we all know how the Chinese need to have always be tracking their people's movements and actions, it posed a threat that needed to dealt with before it got more popular.
Maybe that is the reason why China government does not like bitcoin and tends to prohibit bitcoin. But hopefully, that is wrong because we do not know if that is just camouflage to other countries that they do not like bitcoin. We do not know if their government uses bitcoin secretly without anyone knows and their people still mine bitcoin under the government radar. If they really do not like bitcoin, then that will not be a problem because the other countries will still support bitcoin. And if the China government still does not allow their people to use bitcoin, they will regret it when the situation changes in the future. October 06, 2021, 10:49:28 PM
Bitcoin has gone to far for any centralized currency to threat. Even the digital Yuan China has legalized in their country, it cannot withstand bitcoin in the areas of pumping in the exchange market. During the covid-19 virus that generated from China which took many life in the world base on the spreading of the virus. Many things where affected negatively include their currency that was devalue in the process of the pandemic that was giving so much joy to bitcoin traders for the massive pumping during the lockdown that made many citizens to seat at home because of the virus that was spreading in different communities.
Despite China has legalized their digital currency in the country, many traders will still prefer to trade with crypto than digital Yuan.
Despite China has legalized their digital currency in the country, many traders will still prefer to trade with crypto than digital Yuan.
October 06, 2021, 07:08:50 PM
Probably the reason why bitcoin has became a threat in china is due to the fact that it gave too much freedom, bitcoin has been very popular among Chinese since they hold the highest mining rate in the world and the were able to use it freely and not having to worry about the government, but because of that and because of how they can't hold control over the bitcoin network and we all know how the Chinese need to have always be tracking their people's movements and actions, it posed a threat that needed to dealt with before it got more popular.
October 06, 2021, 06:31:40 PM
China is big controlling machine, anything China can not control will be removed from the people. China controls her citizens thought, way of life even personal decision like how many children you want to have. Bitcoin is of the most liberating asset, and China can not let her people be liberated!
This is the simplest answer to OP, everything is a threat to China especially if they can’t control it and this is also why they created their own Digital Yuan so they can prevent their people from using cryptocurrency. China is a big FUD, they spread lies and negative news about Bitcoin fortunately, this market is still strong even without China and we are still moving forward and keeps on rising. October 06, 2021, 05:12:07 PM
China is big controlling machine, anything China can not control will be removed from the people. China controls her citizens thought, way of life even personal decision like how many children you want to have. Bitcoin is of the most liberating asset, and China can not let her people be liberated!
This is the simplest answer to OP, everything is a threat to China especially if they can’t control it and this is also why they created their own Digital Yuan so they can prevent their people from using cryptocurrency. China is a big FUD, they spread lies and negative news about Bitcoin fortunately, this market is still strong even without China and we are still moving forward and keeps on rising. October 03, 2021, 03:56:00 PM
China is big controlling machine, anything China can not control will be removed from the people. China controls her citizens thought, way of life even personal decision like how many children you want to have. Bitcoin is of the most liberating asset, and China can not let her people be liberated!
This is the simplest answer to OP, everything is a threat to China especially if they can’t control it and this is also why they created their own Digital Yuan so they can prevent their people from using cryptocurrency. China is a big FUD, they spread lies and negative news about Bitcoin fortunately, this market is still strong even without China and we are still moving forward and keeps on rising. 
October 03, 2021, 03:27:22 PM
China is big controlling machine, anything China can not control will be removed from the people. China controls her citizens thought, way of life even personal decision like how many children you want to have. Bitcoin is of the most liberating asset, and China can not let her people be liberated!
October 03, 2021, 02:49:23 PM
...They do even create digital yuan which do signifies that they are sticking with centralization...
Digital yuan is another form of money and is in circulation along with cash and non-cash yuan. Therefore, a centralized digital yuan cannot compete with a decentralized bitcoin, despite all the restrictions imposed by the Chinese government. But the citizens of this country will have to comply with government decisions if they want to be law-abiding.
October 02, 2021, 01:06:20 PM
...They do even create digital yuan which do signifies that they are sticking with centralization...
Digital yuan is another form of money and is in circulation along with cash and non-cash yuan. Therefore, a centralized digital yuan cannot compete with a decentralized bitcoin, despite all the restrictions imposed by the Chinese government. But the citizens of this country will have to comply with government decisions if they want to be law-abiding.
October 02, 2021, 07:46:49 AM
Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
They dont like centralized things as simple as that.Knowing that China is a powerful country which they are a communist type of government which it isnt surprising that they do love on everything to be tracked or controlledand now that bitcoin had really made out things possible which cant really be controlled nor be traced on where China did really have some bad views and impressions on it.They do even create digital yuan which do signifies that they are sticking with centralization.So its better to get yourself get used into things whatever China would make out decisions.
October 02, 2021, 06:43:48 AM
Its hard to think that bitcoin is a threat of china since if they really think about that way they will not buy a huge volume of bitcoin in the first place, maybe you can say because they released so many news about banning but I don't think they will impose it forever since their main intention is to manipulate the market. I will only believe that they will see it as a treat if they dump all of their bitcoins and leave the industry totally and imposed a hard ban unto this.
October 02, 2021, 05:41:23 AM
Definitely a time will come when china will have to trade this very Bitcoin they have sanctioned on several occasions and I believe their reason for very act of sanctioning this coin should be because china is been scared of how much control it's citizens will get from Bitcoin due to its decentralized nature. For this sanction is no longer a threat to Bitcoin price so I don't really treat it as important
October 01, 2021, 01:27:54 PM
I don’t think bitcoin can make anyone prosperous. The statement of yours is little controversial. If you ever give away 10,20,40 lbs of gold to someone then also we are not sure if that person will use it wisely or not and he may end up loosing it all on leisure and May fail to reinvest and grow it.
Bitcoin is no different.
Even if Chinese peeps started using bitcoin then it’s not a guarantee that they will make good fortune out of it. Many peeps still struggle to use bitcoin in day to day life because of its poor infra and non-instant nature.
The main reason I see here is dominance of Yuan which is dream of China and their dictatorship leaders.
Bitcoin is no different.
Even if Chinese peeps started using bitcoin then it’s not a guarantee that they will make good fortune out of it. Many peeps still struggle to use bitcoin in day to day life because of its poor infra and non-instant nature.
The main reason I see here is dominance of Yuan which is dream of China and their dictatorship leaders.
October 01, 2021, 12:59:10 PM
I believe bitcoin is not a threat in china before wherien it's just at this point because of having their own digital currency main reason they backed out and decided to ban it within the country , and probably they want to take the crown of bitcoin reason they want keep posting negative stuff about it just to get more attention in the internet as well.. A great technique if i'm not mistaken because you know after all their efforts posting negative instead of going dip bitcoin surge. 
October 01, 2021, 12:30:37 AM
Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
We don't know what's in the mind of the government in China, just all I can say about this situation is that it could be their way to invest more into Bitcoin, they're maybe doing this to dump the market price value then once the price goes down rapidly according to their plan, they will buy a huge for sure. This is just my thoughts in regardless of what their doing it now.
September 30, 2021, 09:55:18 PM
I just ask myself are they committed to their word and when will they accept it again 
The way I'm looking at this is a bit humorous, that the FUDs only slow down the process and can't stop the target it's creating.
I have read a lot of information about their government owning a large amount of bitcoin, and preventing but still holding a lot
The way I'm looking at this is a bit humorous, that the FUDs only slow down the process and can't stop the target it's creating.
I have read a lot of information about their government owning a large amount of bitcoin, and preventing but still holding a lot
September 30, 2021, 06:48:19 PM
This China issue now, I believe it is just temporary. It's just like, "At first, they will hate you, but later on, they will join with you", "If you can't beat them, join them".
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
What is odd about all of this is that earlier on the life of bitcoin a great deal of the support for it came from Chinese citizens, it was not a secret that the majority of the hash rate was there and there was thriving exchange industry as well, from a historical point of view it would be interesting to know what changed? China back then was miles ahead of any other country and then the government decided to change course and cost themselves a lot of money in terms of taxes and the opportunity cost they will suffer by not being part of the bitcoin economy.I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
One possible answer to this was the potential freedom their citizens will get with bitcoin and without a doubt this would be risky for an authoritative government, but even then the potential was enormous and now it seems they will miss the revolution that is coming.
However, one thing also that they are doing this is because they want to give more credits to their own digital currency and through giving sanctions to bitcoin, Chinese citizens will be threaten to stop accumulating bitcoin and focus on yuan as their own digital currency.
September 30, 2021, 06:13:07 PM
This China issue now, I believe it is just temporary. It's just like, "At first, they will hate you, but later on, they will join with you", "If you can't beat them, join them".
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
What is odd about all of this is that earlier on the life of bitcoin a great deal of the support for it came from Chinese citizens, it was not a secret that the majority of the hash rate was there and there was thriving exchange industry as well, from a historical point of view it would be interesting to know what changed? China back then was miles ahead of any other country and then the government decided to change course and cost themselves a lot of money in terms of taxes and the opportunity cost they will suffer by not being part of the bitcoin economy.I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
One possible answer to this was the potential freedom their citizens will get with bitcoin and without a doubt this would be risky for an authoritative government, but even then the potential was enormous and now it seems they will miss the revolution that is coming.
September 29, 2021, 11:15:42 AM
Why is Bitcoin a threat to China? ...
It is no secret to anyone that the Chinese government is threatened by everything that they cannot control. Accordingly, bitcoin, as a truly decentralized coin, cannot be controlled by anyone, which is why the digital yuan was created in China. And now all decisions are aimed at ensuring that no one has the opportunity to use cryptocurrency in China except for the digital yuan.
September 29, 2021, 08:57:38 AM
Obviously they are deliberately imposing sanctions on bitcoin. Look at China. Total control freak nation. They like to control their people. If their people start using bitcoin, the government won't have a chance to bring them under total control.
This has been repeated, seems the mode is the same. They want cheap bitcoin prices, to buy them again. The reason is that their currency will be threatened because of BTC. So they take advantage of this moment, to get an advantage. I can't be sure but it keeps repeating bad news and then good news, like it keeps repeating.
September 29, 2021, 08:51:39 AM
Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
China is not the only country in the world that has ban Bitcoin and crypto currency activities and each of those countries has their reason for doin so. I don't think any other can just become reach just because of the adoption of Bitcoin and crypto currency in general, and I don't think your reason is correct. China today is growing economically on knowledge base and that is why they a producing country and not consuming country like others. China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
September 29, 2021, 08:31:25 AM
you can see how this affects the decline in BTC prices, a thing or news that brings trust and confidence to the people, should be given in balance.
Wasn't the news said to be fake since it was just a rumors, and even though it's something china is hoping on doing or has already done, it won't be their first time banning Bitcoin related activities. The decline in prices are caused by manipulations from the whales hoping to capitalized on the fud currently ongoing in the community. Give Bitcoin couple of weeks, it'll recover and even be trading more than the price it was when the news broke.
That's why the need for balanced news and the influence of price fluctuations.
September 28, 2021, 06:17:02 PM
I've seen a huge rivalry here, and with China's plan to sanction btc I guess they're controlling their people to adopt their own digital currency. But they couldn't force their residents because Bitcoin in the first place runs through Blockchain and can be accessed anonymously.
Freedom is there in cryptocurrency, and even they're trying more blockage just to stop their countrymen adopting bitcoin as their alternative in getting passive income; I guess they'll be failing so many times.
Freedom is there in cryptocurrency, and even they're trying more blockage just to stop their countrymen adopting bitcoin as their alternative in getting passive income; I guess they'll be failing so many times.
September 28, 2021, 05:58:52 PM
Yes, I think this is only temporary, because China’s current demand is to ban cryptocurrencies, but the future may be different. The law is a manifestation of power, and we will wait and see.
China many time said that Cryptocurrency is illegal and we will banned cryptocurrency and cryptocurrency releted all transaction from chaina. It is not new, i don’t know that, why they always create a panic news in market, i think Their target is something other. China banning cryptocurrencies is not new, almost every year they say they will ban Bitcoin. And we know China is a country that wants to control
all the activities of its citizens, so for the Chinese government Bitcoin is a threat. Because we know that Bitcoin, which is decentralized, is very difficult
to control by the Chinese government, so for the Chinese government Bitcoin is not something that sounds good. Moreover, they really think Bitcoin
can be dangerous for the digital money they have created, so China's goal of banning crypto is to fully control its population.
September 28, 2021, 05:43:56 PM
Obviously they are deliberately imposing sanctions on bitcoin. Look at China. Total control freak nation. They like to control their people. If their people start using bitcoin, the government won't have a chance to bring them under total control. Hence they make up stories like how bitcoin is a scam and a danger to their people. They are also making their own "crypto currency" - digital yuan. Bitcoin is a direct competitor over here. So they are just eliminating competition from their country.
September 28, 2021, 01:35:16 PM
China is getting more attention because of there hate they express for cryptocurrency but I don't think that it is all about hate but more political to get attention and they are now getting it because everybody is talking, writing and analysing the Chinese economy and cryptocurrency. The replacement of bitcoin has got China developing digital Yuan but this is just centralized because no country would drop theirs totally for digital Yuan except China makes it a condition to trade, exchange and import product from another country with Yuan as the only payment option. I see this can happen with a little more time.
China is getting more attention because they are vastly rich and 1+ billion people lives there. If crypto was accepted and loved there, it would mean that a huge economy is getting into crypto like crazy and people would want that, but if people do not like crypto there then it wouldn't even be a problem.However, what we have right now is a huge economy with a billion people wanting to get in but the politicians not allowing them to get in. This is why there is still some hate towards them and people believe that they are doing it on purpose. I hope to see it get better in the future, but I doubt that it would ever happen to get any better.
September 28, 2021, 11:19:23 AM
This China issue now, I believe it is just temporary. It's just like, "At first, they will hate you, but later on, they will join with you", "If you can't beat them, join them".
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
True for every moment in Bitcoin's history where various people have come up against Bitcoin.
Academics, educationers, finance people, bankers, politicians, businessmen, even police and governments. They fear what is coming, because they either don't understand what's coming or they understand so well that it threatens their livelihoods.
China is not afraid of Bitcoin. People should see that.
September 28, 2021, 07:09:00 AM
China is getting more attention because of there hate they express for cryptocurrency but I don't think that it is all about hate but more political to get attention and they are now getting it because everybody is talking, writing and analysing the Chinese economy and cryptocurrency. The replacement of bitcoin has got China developing digital Yuan but this is just centralized because no country would drop theirs totally for digital Yuan except China makes it a condition to trade, exchange and import product from another country with Yuan as the only payment option. I see this can happen with a little more time.
September 28, 2021, 06:31:48 AM
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China.
That's one of the worst conspiracy I heard so far about China banning crypto.
On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world.
This is contradictory to what they wanted. They already have the digital Yuan, and they want Yuan to replace the US dollar. So if they trade with Bitcoin, what will happen to their digital Yuan?
Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
Banks printing has nothing to do with China. And we don't know if they trust banks or not, but for sure their banks are controlled by their government.
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September 27, 2021, 11:59:56 PM
you can see how this affects the decline in BTC prices, a thing or news that brings trust and confidence to the people, should be given in balance.
Wasn't the news said to be fake since it was just a rumors, and even though it's something china is hoping on doing or has already done, it won't be their first time banning Bitcoin related activities. The decline in prices are caused by manipulations from the whales hoping to capitalized on the fud currently ongoing in the community. Give Bitcoin couple of weeks, it'll recover and even be trading more than the price it was when the news broke.
September 27, 2021, 11:35:47 PM
Yes, I think this is only temporary, because China’s current demand is to ban cryptocurrencies, but the future may be different. The law is a manifestation of power, and we will wait and see.
China many time said that Cryptocurrency is illegal and we will banned cryptocurrency and cryptocurrency releted all transaction from chaina. It is not new, i don’t know that, why they always create a panic news in market, i think Their target is something other. September 27, 2021, 01:03:20 AM
Yes, I think this is only temporary, because China’s current demand is to ban cryptocurrencies, but the future may be different. The law is a manifestation of power, and we will wait and see.
September 26, 2021, 11:52:32 PM
It's a threat to their project Digital Yuan that's the total opposite of bitcoin, they simply don't want the competition to be flourishing instead of their project so they attack them to make sure that it's going to be smooth sailing for their project.
September 26, 2021, 08:38:28 PM
They're pretty much all in on the idea of doing a system where everything is under their control, Bitcoin isn't part of that. As you know, Bitcoin is pretty much a system where no one is control, the system is pretty much free of external influences, hence China has in no way of actually trying to put the system under their control. In a sense, you could even say china is a control freak. It's nothing really new actually, nor is it a bigdeal. It's just China being china. It's in their system, it's pretty much their core belief, and that's really the only explanation you'd ever need imo.
September 26, 2021, 06:53:41 PM
Quote
As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin.
That's unlikely to happen, dogecoin is a joke and both the influencers and speculators promoting it know this but just want to profit from the ignorance of the community and it's working. Why do we always focus more on the negativity meanwhile there are many positive things ongoing in the industry. It's no news china banned Bitcoin related activities but this isn't the first time and just like other times, it'll easily be forgotten.
Thread like this are contributing to the spread of fud in the community. The ban shoudn't be taken as any big deal instead news like El Salvador making Bitcoin a legal tender, same as Dubai allowing crypto trading in free zone should be published more and discussed as those are news that brings trust and confidence to the community.
Threads like that need to be created, when compared to El Salvador which doesn't have their official currency, with China as the influence of the global market, you can see how this affects the decline in BTC prices, a thing or news that brings trust and confidence to the people, should be given in balance.
That's where their fundamentals will be at stake, because BTC is no longer at the promotion stage, but at the stage of resilience in economic issues, such as whether gold is worth it or not.
such eligibility shifts their position "investment goods or medium of exchange(currency)."
doubts about BTC affect the fundamentals they make a global currency.
September 26, 2021, 06:46:00 PM
This issues has no further basis that it would cause panic to people, but we still need to focus on how the situation goes like.
China really wanted to push their cryptocurrency, but people nowadays was really fascinated with bitcoin in a first place. It only made these communist country frustrated to convince their society but it doesn't stop their citizen. I guess everybody learned how to spot their manipulations, but the reality was purely a social media threat to people who strongly holds bitcoin.
China really wanted to push their cryptocurrency, but people nowadays was really fascinated with bitcoin in a first place. It only made these communist country frustrated to convince their society but it doesn't stop their citizen. I guess everybody learned how to spot their manipulations, but the reality was purely a social media threat to people who strongly holds bitcoin.
September 26, 2021, 06:45:39 PM
China wants to make their digital Yuan as their reserve currency of this world that is the reason why they are banning the decentralized cryptos which will become a threat to their centralized digital money in the future but they don't have any plans to let the US dollars down but they're just waiting for it to happen since covid and further economic crisis all around the world.
I also believe that this is the main reason why bitcoin continues to threaten China because the Chinese Communist Party have big fears that if they won't give sanction to all bitcoin users, it will reach to the extent that the whole China population will be covered mostly by crypto enthusiasts and that will make their own digital currency to collapse. And knowing how selfish China is, they won't let other currencies to conquer their own country just because bitcoin has almost reached its borderless transactions that makes China even more threaten about it. 
September 26, 2021, 06:32:53 PM
China wants to make their digital Yuan as their reserve currency of this world that is the reason why they are banning the decentralized cryptos which will become a threat to their centralized digital money in the future but they don't have any plans to let the US dollars down but they're just waiting for it to happen since covid and further economic crisis all around the world.
September 26, 2021, 06:20:20 PM
It's pretty simple — Bitcoin is freedom, and the Chinese communist party wants the total opposite of freedom. Need I say more? Not to mention that they seem to be about to release the digital yuan, which increases mass surveillance.
September 26, 2021, 05:48:26 PM
China has always imposed sanctions on bitcoin and China has always called it a conspiracy.
they've also said this to google, facebook, instagram and various things that are created abroad. they're not just against bitcoin, there are lots of things from abroad that they don't want their people to use
China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China.
No. that's not the reason
On the other hand, members of the Chinese Communist Party are very interested in bitcoin.
who can prove it? Is the second time I hear it without proof
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September 26, 2021, 05:28:18 PM
Quote
As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin.
That's unlikely to happen, dogecoin is a joke and both the influencers and speculators promoting it know this but just want to profit from the ignorance of the community and it's working. Why do we always focus more on the negativity meanwhile there are many positive things ongoing in the industry. It's no news china banned Bitcoin related activities but this isn't the first time and just like other times, it'll easily be forgotten.
Thread like this are contributing to the spread of fud in the community. The ban shoudn't be taken as any big deal instead news like El Salvador making Bitcoin a legal tender, same as Dubai allowing crypto trading in free zone should be published more and discussed as those are news that brings trust and confidence to the community.
September 26, 2021, 04:51:35 PM
I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
It has been like that for a long time. It is a big threat to China because what china has a dictatorship and what bitcoin promises is a decentralization. Decentralization in a dictatorship doesn't work out well. So, we should not really be shocked to learn that China trying to impose sanctions on BTC, why would they really care about something that would give power to people? If they were a nation that gave power to people then they wouldn't rule like this to begin with.People all around the world is scared of CCP so it is not a shock that they would be putting rules against freedom. Maybe Scandinavian countries and all those type of places would end up giving some sort of rules about it that supports crypto, because they are as free as possible already.
September 26, 2021, 05:26:20 AM
This China issue now, I believe it is just temporary. It's just like, "At first, they will hate you, but later on, they will join with you", "If you can't beat them, join them".
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
September 26, 2021, 04:18:19 AM
Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, But a time will surely come when China will have to trade by buying bitcoins from the world.
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, But a time will surely come when China will have to trade by buying bitcoins from the world.
I don't know the specific reason, but Huobi China issued an announcement that it wants to clear Chinese users. If a chain reaction is triggered, it can be said with certainty that China does not have the soil suitable for the growth of Bitcoin. If you think about it at a deeper level, it may have something to do with the trade war between China and the United States. The Chinese government does not want the money of Chinese retail investors to be harvested by Wall Street in the United States.
September 26, 2021, 04:00:40 AM
Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, but a time will surely come when China will have to trade by buying bitcoins from the world. Because how long can China trust banks? As the banks may start printing a lot of money which will increase the inflation and people will be forced to move to Dogecoin. If this happens then everyone will be forced to accepting cryptocurrency and The inflation of the dollar will be as much as the amount of tokens like Shiba Inu.
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