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I honestly think that people are starting to get really sick of China's behavior.


What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).


Should we really expect a bear market?

The hatred only comes from crypto supporters who see China as a barrier to global adoption or creating bearish sentiment. So far don't know the exact percentage of the entire human population that actually supports crypto. If it was only a small part, then this hatred was nothing to them.
But who denies that China is a great business paradise? Chinese people will not really run in that country because their government offers better things (in their opinion), on the contrary they always attract the attention of non-Chinese. And in fact, China dominates the technology market share worldwide.

The market is manipulated by whales and governments. It means they don't ban the market. Who do ban if they can abuse the market and their ban hammers to get benefits?

Do you think governments don't involve in Bitcoin and crypto market? They can print their fiats and use them to invest in crypto market. They prepare and release governmental news to manipulate market in their favorite plans.

Do you think governments not get anything from all news and fud they do?

This has been like what? The 74278323th time China has dropped a hammer on bitcoin/crypto already? And funnily enough, the FUD is still working lol.

September 2017 - People Bank Of China "bans" crypto then market dipped before surging to a $20K ATH.

2018 to 2020 - China cracks down on exchanges, miners, and everything in between hehe.

September 2021 - China "ban" on crypto again. Sounds familiar now? Let's see if history repeats itself.

They do not really care whether they are hated by those who liquidated or crypto enthusiasts. They do what they like since they can. Let's also not forget that they are getting ready for their CBDC.

Every time I talk about China I don't want to care and don't like this country. Because China is a barrier to global adoption or creates bearish sentiment. The market is manipulated by Chinese whales and the government. It means they don't ban the market. Who will ban if they can abuse the market and their ban hammer for profit?. But the more China tries to ban bitcoin the more bitcoin is going to rise in price.

China is indeed famous for its strong economy, they will do whatever they want, in my opinion stupid people, China must have certain intentions, 2017 China banned bitcoin, 2018 it banned again, now 2021 it's doing the same thing again, even their ban on crypto is getting worse, I think they want to manipulate the market, I'm sure the Chinese government is also playing crypto, the proof is that even though the government has banned crypto in their country, crypto is mushrooming there..

It's not that they intend to be hated, they're just looking out for themselves and that they want to be different when it comes to decision making, they do what they think is best for their motherland and for the party.

as smart as a squirrel jumps once, it will surely fall too, that's the best saying for the Chinese government, even though China has everything, and has a strong economy, and can suppress other countries with its financial strength, but without him realizing it, other countries are uniting to bring down they, with China spreading hatred towards crypto currency, without him realizing he was looking for his own enemy, crypto silence does not mean he lost, but crypto is designing a strategy to fight,

China is one the global super power and there decision greatly effect world affairs. In my opinion, what china did with crypto is an expected thing, sooner or later we will see other big economic powers doing the same. Its us, the crypto community who are shocked by such decisions every time. There is no reason for governments to promote crypto (in its decentralized form) and that's what they are doing.

A real manipulation.

Don't buy the FUD but instead, buy the market that's currently dipping and going low. Just ride what they do and you'll also be in favor if you what they do.

Get used to it.

I think there are many people in China who do not like the decision, but they have no choice. In China, so much is forbidden that you often get into dangerous situations to do something forbidden. Imagine you are not allowed to use google.com or your BTC would be illegal now. wtf?

A country of prohibitions, but China has always had such a policy and the government very tightly controls any violation, so there is high discipline, what people are told, they do. Of course, many do not like this, but I think that people have no choice, they have to do it in order to survive. Why is China restricting people's access to cryptocurrencies so much? Probably to limit their capabilities and still control them...

What does he care about China's role? why should we focus and make China a center of study on crypto growth? We have to stop them, and let China get rid of the crypto world. China's ideology and state system will cover all economic, social and political sectors. Influence in one command.
We just need to do something so that in the future Bitcoin does not fall into countries like China at that time.

So we can conclude the flow of China's desire, as far as I understand is that anything that has the potential to grow the economy in a country or globally, China will face all its political forces. Not only Bitcoin, but the economic market between countries, political upheaval and social status in the eyes of the world. China just wants to disrupt that growth system as quickly as possible and indoctrinate the products they offer. Currently, not a few countries that have submitted to China and then offer Yuan as a form of their method of spreading adoption?

And here it is clear that China is a country that wants to stand above the policies of other countries, especially countries that are indebted to you.

The Chinese Government, can be insensitive about the effect of their actions on people and countries outside China, chinese are good in business, going into partnership with private companies, other government, giving away of loans, but many of their partnership or business don't consider humans, eco system, I don't find it excitingly New if china take decisions on Crypto-currency, that can effects it in set-backing ways.

Out of all the nasty stuff that China has been up to in the last few years, if you only turned against them because they have banned cryptocurrency then quite frankly your opinion is worth very little. It is funny to see so many people raging about this new development today when the writing has been on the wall for a long time now and the politicians in China were never going to allow a currency outside of their control operating within their borders. It actually closely ties in with the property developer with huge debts that is currently looking to go bust shortly - there are many people who will try to flee with money that is easy to transfer across borders than the Yuan, whether it is insider traders or officials who have enough to run before the authorities start chasing them.

Who wouldn't? I mean in the global market they have dominated in the last 5-10 years by they have starting to act like a dick recently.


Believed me they understand the consequence, but the government doesn't care, as long as they have total control and not giving their people freedom to choice that will be ok for them.


Short term maybe, but we all know that bitcoin can't be stop not even as big as China is.

Ok, so let's see how this ban will affect the price.

New all time high?

https://talkimg.com/images/2023/11/18/FNTcc.png

https://twitter.com/RayNasser123/status/1441369263613169671

History will repeat itself and we will see this was and is the biggest China error removing all mining from there.Now they want to declare every crypto operation illegal but this is a move no one really cares from outside the country,I only feel sorry for the Chinese people who are involved in mining and crypto,I don't care for the People Party of China,that last standing communist party is from long that I think should get removed from there and let China be a free country like the rest of the world.Bitcoin and crypto operations will continue to live even without China,the price has already started recovery so the bottom line is that they have taken the wrong stance against cryptocurrencies now.

The loans though are double edge sword, specially loaning to a poor and developing countries in Africa and Asia, they will benefit from it in the long run.

As for the latest "crypto banning", not the first, we have heard and seen it before, so I wouldn't be surprised. But the thing is that this news has been in the first week of September if I'm not mistaken, so some entity has created a FUD again.

If you are just new into this market then better have some research on what are the actions been made by China back in the past but i would do it for you.
https://thechinaguys.com/china-crackdown-bitcoin-cryptocurrency/#:~:text=Following%20the%20cryptocurrency%20bull%20run,rampant%20fraud%20and%20pyramid%20schemes.
https://www.forbes.com/sites/rogerhuang/2020/12/31/why-china-is-so-afraid-of-cryptocurrencies/
https://www.cnbc.com/2021/07/06/china-cracks-down-on-crypto-related-services-in-ongoing-war-on-bitcoin.html
https://www.voanews.com/a/east-asia-pacific_voa-news-china_why-china-cracking-down-bitcoin/6207912.html

They do have their own perspective towards crypto so its their action to take.Lets just not mind them.

we can't equate the old system with the current one, for those in the past (ancestors) maybe it was true that they didn't need money for everything (because at that time there was still no money :) ) and indeed at that time the system was still using barter as well as commodities,
but this has actually been abandoned since our ancestors discovered primitive money around 1200 BC even though at that time primitive money was still in the form of shells or mollusks.
and I disagree a little when I say that, when the ancestors made a complex tool to exchange something and left the former system (barter and commodities) it was to make life easier because in barter and commodities there were so many shortcomings.
and you still want to use it and make it look like we don't need the money? I think you are too naive.

Well, for one, they aren't really gaining any haters. Just a few people annoyed of their antics and maybe that's it. The market has since moved on from China's tantrums, and they only release statements that mining or crypto is banned, but they are not actively enforcing it within the country. How many years has it been since their first bans? China is still one of the main hubs of mining, and a lot of Chinese are still using and owning bitcoin.

China's mind games affect no one anymore.

honestly, are there still people who believe in china? really? we are talking about a country where there is no democracy, a country where information about them is restricted, people outside of china know absolutely nothing about what happens inside china they only know what the chinese government makes available, how would a place like this accept bitcoin something decentralization


the price will recover

I really don't think anyone is getting sick of their behavior. In fact people are now ignoring what China is doing or thinking about bitcoin. How many times are they going to ban bitcoin? They keep on doing the same thing again and again. If China hates bitcoin, then let them hate. It shouldn't bother us. But you should stop creating threads like this as it will only spread FUDs among readers.

The intent for China to ban bitcoin has essentially been there for ages, so there shouldn't be a sudden shift in the price. The lower price right now is because of China's housing market crash.

Now, this could change if their economy is in such disarray that they're forced to prop up their currency and they start taking direct action against crypto users. Their track record says their bluffing, but also within the context of Covid and a rough economy, who knows what actions they might take moving forward.

My prediction? They'll try very hard to limit crypto and ban it outright, their economy is in for a rough time.

The government has seized a huge amount of Bitcoin from miners and while they are banning it, Chinese Bitcoin investors are still consolidating BTC. We just have no proof of it but I also believe the government of China is playing the crypto market and they could suppress the price with their simple news. They even have a list of coin rankings of their own.

But what is infuriating is that its neighboring countries couldn't just bomb the country because the wealthy investors all over the world including the US investors are in China. Their factories and assembly lines are installed in China.

Of course they are playing with bitcoin market and I don't doubt China holds some decent number of bitcoins unofficially, while lobbying with businessmen also involved with btc, allied of the regime.

For a heavily hostile country towards crypto currency, it just doesn't make sense they are still so influent in this market. If these bans were for real, since 2017 their influence would have been decreasing along the years and powerful investors would have moved themselves to another countries around the world and especially in Asia. There are many options around to escape chinese tyrany, but for some reason investors haven't felt they needed doing this, what reinforces the theory China is constantly simulating a stance regards bitcoin that isn't for real.

Are you saying figuratively or literally?

To be fair, if you put your shoes in their perspective, that's not your goal in doing all this stuff, the stuff that they did are justified in their own selfish interests. Preventing terrorism by suppressing and putting the Muslim minority in concentration camps, harvesting organs of members of Falun Gong. It's easy to say we hate them until we become them.

The Chinese government basically wants to dominate the world in terms of economy and technological innovation, so seeing what this country is doing now is just to kill the growth and success of bitcoin, because they can't compete with bitcoin technology so they will always do FUD when the bitcoin price starts to rise so that people stay away from bitcoin.

Well, this proves the strength of China in the investment world. even with the same news over and over again, the effect is still the same, sometimes even hitting the bitcoin price much lower. I don't know what the Chinese population is and the assets they have for crypto, but I don't think that the same news continues to have the same effect. I don't know what China is up to, but they are great at pushing this technology backwards.

I personally think that China will not give big impact to bitcoin market anymore. In the past, China was dominated bitcoin market but now everything is change. Bitcoin adoption is growing, more countries accept bitcoin, more cryptocurrency related business emmerged to help the growth of cryptocurrency environment include infrastructures and system. Our community is getting bigger now. In my point of view, china regulations will effect cryptocurrency market but not for long time. I still expect bullish market trend in October or atleast November.

I didn't see the great influence of China's cryptocurrency friends, but we reacted so much. There are only a few countries that openly support bitcoin in the world, and most countries oppose it. This is not a new thing. Bitcoin will never be affected by this. The prohibition of any country can not stop the development process of bitcoin.

The news in China has an impact on the cryptocurrency market. Will Chinese cryptocurrency enthusiasts give up Bitcoin? Encryption enthusiasts may continue to like cryptocurrencies in other places. But there will still be people who can't leave their hometown and give up Bitcoin. This makes them resent China.

Was this even new NEWS out of China? I believe that people that want to manipulate the market will continue to put out all this FUD and it is just so unfortunate that with all China has been doing against Bitcoin, it makes it easier to always put China out there because it influences the market quicker. but at the end of the day, Investors should only know how to take advantage of the market conditions whenever the opportunity arises.

Maybe their government is threathened that People who were working with bitcoin can be more powerful and influential and might overcome them. We know that not all of their citizens agrees with their government and its propagandas. And most of those rebellious people or against their government wills are smarter than them. It might be a threat for them that they will be forced out by these people who are working with bitcoin. They believe that once you are wealthy and rich then you are powerful and not all officials or in higher positions in their government is against with bitcoin. Infact, who knows, maybe their one of the popular people whose working with bitcoin too.

They have developed a hobby of announcing such things after some intervals

The current year 2030: Media and articles be like China has ban bitcoin trading in the country ;D

Fed up with their boring bans all the time.

China has always been less optimistic about cryptocurrencies, opposed to cryptocurrencies, and explicitly proposed a series of measures such as prohibiting domestic mining. It is understandable that they have their own currency. For the benefit of their own country, we cannot interfere in the decision-making of their government. We just make our own choices.

Maybe people's perception of bitcoin is more dominated by China is still exist today. even though the news of the rejection of crypto's existence in China has always been discussed by the crypto community, and it is possible with this to create a new view that crypto does not depend on an economy or the regulations of a particular country. if bitcoin can survive and get through news like this without making too much of an impact I think that's a good thing.

China has always been an image of a powerful country in the world. Every move will be noticed by countries and people around the world, and will be affected by emotions. China has always been different from the practice of most countries, and more and more people and countries accept virtual reality. When it comes to currency, China runs in the opposite direction, but there are many crypto enthusiasts in China, but the Chinese government does not support it.

In fact, many countries in the world oppose the popularization of cryptocurrency in China, but the influence of China alone can make the currency price plummet. In the future, we can see that many countries will ban the popularization of cryptocurrencies in their own countries, because this is only their own. This will exacerbate money laundering and illegal activities.

China owns its own currency, and they are also for the benefit of its own country. China's strength cannot be underestimated, and the economy is strong enough. They do not want citizens of their country to generally accept cryptocurrency, so that their country's currency will naturally be adopted at a lower rate. It’s not surprising that some people support cryptocurrency and others oppose it.

I don't think that China's policies have affected cryptocurrencies. When Bitcoin and other currencies fall, it may give us all a chance! Let us have the opportunity to buy Bitcoin at a low price! Thank China!

I find your moral compass to be obtuse.

The communist nation of China, when they round up millions of uyghur muslims and subject them to concentration camps in which their heads are shaved and forcibly sterilized is not the time to hate China, or to mention their behavior, but an empty threat (as in no enforcement in the present, perhaps in the future) of banning crypto and that's the time to hate?

China repeatedly has a policy of being very unsupportive of the crypto market and appears selfish in its policies. i think china may have a specific purpose and china doesn't want other countries to be able to compete with china in crypto, so china is issuing unreasonable policies

Slowly China's impact on bitcoin is getting smaller and smaller until there is no impact. There may be a part of the price of Bitcoin. The reason is because China's encrypted currency enthusiast sells the coins in his hand, causing a short time to encrypt the currency market.

That's true, China was never supportive of cryptocurrency, despite having large mining operations. This isn't something new, a quick look back in the past few years will reveal a lot about China and its policies against the freedom of its citizens. Such incidents will definitely affect the market, up to a degree, however, its impact won't last long and will recover eventually.

You must hold on tight to your bitcoin, sit back, and enjoy the moment if that happens. If you have money, you can buy whatever coin you want to buy, not just bitcoin because altcoin will go down behind bitcoin. China's government will see what will happen to their country and if that means the major investors will leave their country, let it happen. Even if the bear market is coming, you do not have to worry about the bear market because the market will recover and will have another bull run.

Now there is a decline in the world of bitcoin, and this is the result of the chinese government banning bitcoin transactions in all regions, if this is true then they have expelled big investors who have previously been so many in the country, I think this is the wrong decision taken by the government let alone China is already known as a business country that is already so big in the world, We as crypto users do not worry about the decision of the chinese government at this time because there are still many other countries that are currently developing the crypto world to be used as a transaction tool.

China has never believed in Bitcoin as the king of cryptocurrency. Due to the hatred, they have against Bitcoin they placed Bitcoin in 10th position as their most favourite coin.
I will not be surprised if China ban crypto tomorrow but before then, let's see whether they will have a rethink of having their digital coin before then

For Me its like China bans BTC for 9999 times. We can expect these news after next BTC halving too.. They are going to ban BTC for 10000 times after 4 years Lol ;D ;D ;D ;D

Yep they're trending now in the space because of a bunch of negative news from them around the internet , but perhaps a lot of people will see the real reason as well why china is so hated in crypto currency nowadays. Infact it's very obvious tho wherein since they created their own digital currency they're suddenly become against to crypto.. So that means china wants to take over crypto?  because you know there's no other reason to be honest why they keep trying their best to get hated with crypto. Smell not good.. Lol

Well yes but not just in Bitcoin and cryptocurrency crackdown, but here are some:

1. The Great Firewall (banning Facebook, Google, etc.)
2. Limiting gamers below 18 years old in playing video games to just 3 hours a week
3. Cracking down on big tech companies
4. Cracking down on showbiz and celebrities

And so on.....

It would be hard to live in China with these certain events, especially that all Bitcoin and other related crypto transactions are deemed illegal.

Let them, they had the best position to take advantage of the revolution that is coming, it is known the leaders of China are sick of the US dollar being the dominant currency around the world, and out of nowhere they had access to the best tool possible to challenge that supremacy, they had bitcoin and even if they could not control it they could have supported it to try to undermine the US, but now they have rejected it and many other countries will get the benefits while they watch from the sidelines.

What do they really expect from all this?  News of resistance to Bitcoin has occurred dozens or even hundreds of times, and this has really had a devastating effect on the price of Bitcoin. So the big whales buy Bitcoins in huge amounts, then they sell them and earn huge profits. 
From now on, ignore the bad news from China anymore, don't be swayed and stay calm. The more opposed and hated by China, Bitcoin will actually be more popular and have a high price.

Although it affects the market negatively when China puts out their stupid FUD BS, people are getting used to it and are realizing China really doesn't make or break the crypto market in the long term. China censored/banned some of the greatest innovations already; Google, YouTube, Amazon, etc. China wants social control of their people and assets. People are starting to realize this with crypto and China now. I think we'll continue to hear FUD from China on cryto, but the negative affect on the market will be less and less, in my opinion.

China is the country with the largest economy in the world. Even this country is not as strong an economy as america. However, they banned the circulation of bitcoin. And of course the impact is huge. I think china first banned it in 2018, it had a huge impact on cryptocurrencies, even from as long as I was in cryptocurrency it was the worst bear market in history.

And that's the idea of Satoshi i.e. to introduce a decentralized p2p cash transfer. Too much powers in the hands of one person, community or a country is against the concept of bitcoin i.e. decentralization. We should be happy that China is isolating itself from crypto and more joyful thing is that BTC is stable not crashing after this news broke out.

We know China's position, but to love crypto, hopefully it doesn't embody China's selfishness in the future. However and for whatever reason we who are outside China, live with our own financial freedom, don't get caught up in the currents and waves that China has deliberately set as a trap. Investors should avoid China, if they don't want to be enslaved just because China offers its crypto. Gradually China will only make their partners as slaves to achieve their ambition as the strongest country.

I'm starting do doubt the China tricks on Bitcoin price.
It could be some sort of price manipulations after so many bans they did before and it will always have a negative impact on Bitcoin's price. So, why not make it a regular habit everytime Bitcoin's price is high, pull it down a little bit and then will start another bullrun when China lift the ban again.

It is a bit ridiculous that China keeps playing these games and yet we still see the ETH hashrate at its highest point again today. I get they are trying to push the digital yuan and they can control their population pretty well i some aspects, but I truly do not see much if any real enforcement of this ban.  Its more setting the stage for the eventual move, except they have been doing that for 6 years or so now. At some point, they have to either enforce it or stop talking about it.

I don't think this is the plan for the Chinese to cut them from crypto. I still believe all this is Fud to create the panic or buy bitcoin cheap. Whatever be the reason, Chinese will not leave cryptocurrencies. Lets wait and see how things turn up this time.

China is a "business paradise" only for the companies,that are willing to pay bribes to members of the Chinese government and the communist party.China is at 85th place in the "Doing business" ranking,which was made by the World Bank AFAIK.They moved from 85th place to 78th place.This is still far away from the best countries in this ranking-Singapore,Switzerland,Taiwan,New Zealand,Australia,USA,etc...
China relies on cheap labor and stolen technologies from the west.These are two great advantages,but that doesn't mean that doing business in China is easy and fun.
I hope that the crypto world will start ignoring all the FUD coming from China.

Maybe they are clearing the way to prepare to launch their own national cryptocurrency CBDC. I'm not too bothered about the bans because they've done it many times before. Although the Chinese government bans Bitcoin and cryptocurrencies, I still believe that the people of this country will not give up on cryptocurrencies. Now that Houbi has banned Chinese users, it will be an opportunity for Chinese people to join decentralized trading platforms.

This is probably one of the reasons why China keep on releasing the Bitcoin FUD but if they don't want to let their people stay away with Bitcoin they should have done it already in the past. And now, seeing it again makes it more annoying instead plus most of the people are still bothered with it that they sold their coins after the dip as if this is going to bear market already.

I'm still surprised though that Bitcoin is still holding to $40k+ price instead of going down to $20k or something which is most likely closer to the bottom. But people nowadays did learn their lessons in the past. One thing I could say to Chinese fudster since their moves is more like a political agenda. You can fool most people but you can't fool all of the people.

there's a lot of bad news about bitcoin out there, it's just a matter of how we filter the news. China has done that several times and to be honest it's not have effect on this volatile crypto market. honestly, i don't care about countries out there that ban crypto and vilify crypto, I only care about my own crypto assets and how I can achieve the goals that I want. It should be underlined that the crypto market cannot be shaken just by bad news out there, there are still many people who invest and believe in crypto so that crypto is also growing.

From the perspective of Bitcoin prices, the Chinese government's influence on crypto is getting weaker and weaker. China's A-share market has fallen sharply these days, cracking down on crypto, and then letting funds enter their stock market.
In other words, you can lose money on the stock market, but you cannot lose money on cryptocurrencies.

China has banned cryptocurrency trading about 12 times this year, however I think seasoned traders were ready for these decisions and they ignored the bad news coming out of China, they even bought on the dip.

To my mind China will stop at nothing just to have complete control over people. They want to control and regulate not only finances, but also their private life. It is due to its political structure. We see that their new regulations against crypto cause new falls all the time. But actually, I saw statistics that bitcoin's price have recovered more than 20 times after constant chinese statement against it.

They are making opportunity for themselves with this ban, making sure that the market will crash and buy at low price. They are just repeating what's already done and this time for sure people will just neglect what ever they will do next. People should learn from this as it will create a doubt for those who wanted to start crypto.

Maybe you are right, What if they manipulated all of this FUD and secretly buying the dip, what is surprising is that, China clampdown crypto activities but they allowed their citizen to hold crypto, so crypto is not totally banned in China as you are free to hold it on your personal wallet. 

china had already anticipated everything before they act mate, yeah there are investors taking then money out of china but Chinese government knows that they can even stand without them.
do you really believe that they have not put eyes on this situation?
lol one of the oldest country in the world and the most growing country now.
they will not do a thing that will make their people and country miserable .
just wait and see how can they handle this and how can they survive from this  mate.

That's right, Maybe they want to buy more Bitcoin at a low price. When the FUD from china is issued, it can be a good time to buy, because usually there will be a big pump after the FUD.
Please note the Chinese government holds more than 194 thousand Bitcoins or the range of $ 10.7 billion USD. I found this information here (https://www.kevinrooke.com/bitcoin)

China doesn't lose much if the miners shift their operations to neighboring countries such as Kazakhstan. Because the tax revenue from this sector is really low and the high energy consumption from the mining farms has resulted in power shortages in some of the provinces. In the future the Bitcoin prices may go up by 10x or 20x, and at that point the regime may regret about the crackdown. But until then, they are not going to care. The CCP still believe that their CBDC (e-CNY) will be able to replace Bitcoin, at least within mainland China.

Isn't it a good thing for us Bitcoin holders? Besides, the behavior of the Chinese government will not affect Bitcoin, but it will give people some negative market sentiment. That's it, I hope that the Chinese government's policy will be more stringent, which is a good thing for Bitcoin.

As much as I'd like to think the same, I really don't think China is doing this so much because they're against Bitcoin, but because they want their people to get on board with their digital yuan.

Plus, the problem is there are much much more scams going on now that are using the name Bitcoin, making people fall for them and who else do they turn to for help if not the government?

China probably would like the people to be educated about Bitcoin use but until they can be safe, easier to "ban" the professional trading of it first.

CHINA!
The is a country with futuristic leaders.
This is a country fighting for international governance.
This is also a country that cares for her citizens.
It was this country that gave bitcoin an open hand and after a few years they are making a U-turn.
What actually did they see?
Is it a case of "a saviour turned judge"?

I strongly believe that one or two of the following is the cause.
1. Either China has seen far the future of bitcoin and wants to avoid a bad fate.
2. It can be that China is investing in Bitcoin and manipulating the price.
3. Maybe they want to have a strong digital currency whose only threat will be bitcoin, hence the battles against Bitcion.

They deserve it. I don't understand what China wants from this world. They are always doing something cheap. It looks like they are always trying to find something to staff. They create a mad scene in this world. They are anonymous to the world. They are data theft for the world. They are well-known hackers around the world. Now they are the distroyer of finance for the crypto world. What they want to do next. Because of their activities, they deserve more hate from the world. Do you guys think the same?

China wants to dominate the world through the economy, therefore they try to do all kinds of ways to be able to control the world economy.
Including spreading FUD to drop Bitcoin, because China feels Bitcoin will be a threat to their digital currency. So almost every year there is
always negative news coming from the Chinese government, It's only natural that China gets so much hate from Bitcoin supporters.
I as a supporter of Bitcoin really hate what the Chinese government is doing, they will never stop until Bitcoin dies. So what we need to do
as Bitcoin supporters, can only be patient and ignore any FUD spread by the Chinese government.

They are trying to control the movement as much as they can in order to accumulate more cryptos which I think very possible reason. Some people knew that this event of banning crypto is a sweet game for them but devastating for others specially those who bought Bitcoin during $40k or $47k. Very possible that in few months everything will be fine again.

I don't think it's a control. China issues regulations to ban crypto. after mining now there is very unfavorable regulation for the crypto market.
it's not in China's interest. or people in China who do mining and crypto transactions.
This news is different from other bad news. this is very bad for the crypto industry players in China.

china is a country that has advanced technology they only get profit to try anything for profit even they often make news to lower the price of the crypto market then when the price goes down they buy bitcoins in large quantities and they sell at high prices that's what they do to find profit.

Or it could be that they have chosen the wrong investment again just like what they did in the past where they buy silvers all they could but turned out it was gold that becomes the more valuable. Actually, if they are the ones dictating where the economy will go, it's silver that will be more valuable than gold but it's not them that will decide.

So yes if they become successful to dominate on the economic side, things will work out for them. They will still have to win it and I think they are if you compare it today with the US and EU. After this, they may allow crypto again.

Winning though is gonna be harder when they are hated and the preparation for war is getting heated.

The increased number of unregistered miners in China causes this stir, though since a lot of its citizens engaged in Crypto the value of their own so-called virtual coin is not being patronized as the value of Bitcoin continues to dominate.

There are things that the Chinese government want not only for their country but also for their personal interests. It happened before, most likely it will happen again in the coming years. I'd see this as manipulation of the market, knowing that they are one the biggest Bitcoin miners and suppliers in the world. So yeah, despite the outrage of its own citizens they'd must do this just to stay on top and take control of things.

you counting it  ;D  the FUD is always working.

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is similiar like what papa elon musk do

when people says Bitcoin is bad one or two people will reacting and then sell and other trader sell to because want valuate of their coin crash
when CHina says bitcoin is good for future invesment will we see same people do buy bitcoin and other will do the same

but i hope this will be final fud if china ban bitcoin let it be and so bitcoin return to normal

I am already fed up with that country! I now have a different perspective whenever I hear or read anything emanating from China, whether based on cryptos or not.

I sincerely wish this actually gets conspicuously pronounced so China will realize the damage she has done to her economy.

I don't think that will be the case. If that news didn't crash the market till date, I don't think there's any other cause for concern. Whatever dip we experience going forward won't be because of that China news, in my opinion. It should be attributed to market correction which is normal.

I don't think so actually. Most of the miners were registered businesses and if you look back over the past few years, many of them had legitimate companies that actually went so far as to make local deals with the hydro electric authorities for cheaper power.

In fact most of the big miners with large portions of hashpower are all known and are all long time registered, legit businesses.

IMO, From now on it's better to ignore all of that china FUD and move on to other things so that we can avoid stress, I believe the Chinese politicians are using cryptocurrency particularly Bitcoin for a propaganda gimmick. Anyway, the price of Bitcoin and other cryptocurrencies are started to climb again. that's why I believe the bearish sentiments are still weak to affect the entire market.  

The behavior and tricks that you say belong to the class of merchants in China but right now, the hate of China right now does not come from this class, even these traders and investors are stunned with the above decision and news, and the class giving this news is the government, this conflict is the sudden reform of the domestic investment systemt but it's definitely detrimental to the participants in China. The Chinese government probably wants to drag all the big investors around the world into their crypt, the participants in china are just suicide fighters and they need to make sacrifices

They are really doing this indeed. China decided to ban cryptocurrencies suddenly while there was no reason. They claim that their reason was to keep their people protected from losing their money in any cryptocurrency. But this should be left for people's decision. Cryptocurrency market doesn't exist for swindling people. It is an opportunity for people to do whatever they would like (trading, using it as a payment method etc.).

Well, they've done this several times, so have nothing to expect from them anymore. But what we have seen in the market nowadays, I'm still in the confidence that this will never cause bearish, the market remains healthy and bullish.
Maybe we have to ignore news coming from China as it never gives good to us nor we can benefit from them. We have to know that even without China the market can still move forward. We even survive before and that is not impossible this time as the number of countries supporting crypto is growing. 

China is stopping the use or adoption of crypto currencies is a thing that I have not seen the beauty in yet, or maybe they have something they are seeing that most other people and countries are not seeing  :-\ (I wonder what that could be). China as a developed country amongst many is a country that the rate of technological development is so rapid and in any form of technology they move first, as a populated country too. The deep in the market at which China has on the price of Bitcoin is high and this is because of the high population of users and miners from China.
I will say it's a step back in the technology trend from China if they truly ban the use of Bitcoin/crypto currency.

I'm sure it won't last forever. This regulation will change for China. their government cannot control the development of crypto users. and one of them is in this way.
I am sure that a developed country as advanced as China will reopen this extraordinary technological development. after many countries will use bitcoin and crypto, I'm sure China will start to realize.

In all honesty your opinion, my opinion or the general perception of the world on China is totally irrelevant to the leadership their. Their decisions are made with the aim of making China the biggest economic power in the world, albeit they will definitely try to "stage manage" the appearance during that rise. When it comes to Bitcoin, it is barely a blip on their radar and is totally irrelevant to the long term aims of the country to the elites sitting at the very top of government. It is easy to forget, since they utilized capitalism in order to rise, that they are still a heavily authoritarian - almost dictatorial now Xi Jinping is in charge - form of government. Everyone in the upper circles who make and break laws is already sitting in a wealth bubble, they don't want people in the system below them running away with money outside the banking system.

For sure they had already realize and that what makes them this kind of decision because everything which do opposes their interest and centralization would really be banned nor prohibited.

This isnt surprising for a country like China..Instead they would really be making their own digital currency no matter what the cost.They do love to be on top of everything

and now they had imposed some banning and prohibition.Does it really matter or a big deal?No its not because this market could move without them.

there is no need to worry because things like this have often happened to China and a policy like this will not last long considering that from previous cases China has also done the same thing like this.
As for the reason, there is a little consideration in that direction, but if you look closely, they do this because it is CDBC that they manage and will launch.
but don't worry, China fud will not have a bearish impact and will only make corrections.

Surely they are because if they go against their country and they're living there, they'll find what they're looking for.
It is true, whatever it takes as long as it's for the sake of their country then they'll do it.

Seriously even me am beginning to dislike China just because of their behavior towards bitcoin I don't just know the problem China is having with bitcoin, they just want there digital currency to be the best in the world that's why they are trying to bring down bitcoin because currently bitcoin is the one leading and I believe very soon people won't really listen to them again and their ban won't really have any effect.

china do not care if they are hated, because of what they did they will be the ones that will benefit the most, because of the banning of crypto in their country the price of crypto now will become lower and because of this the government will have the opportunity to whale bitcoin or other cryptocurrency. i think they did this too some time ago.

LOL.. these are just some wild conspiracy theories without any evidence. IMO, China banned cryptocurrency because it was posing as a threat for their heavily manipulated national currency. On top of that, they have a huge capital outflow problem. Cryptocurrency just made it easier for the mainland China residents to send their funds abroad. And finally, the power consumption from the mining farms was putting a huge strain on the national grid, especially in some of the provinces such as Xinjiang, Sichuan and Inner Mongolia

I think the crypto market is driven by big investors or what we often call whales. and China is one such whale. I think they often spread fud to get the bitcoin price below. CMIIW

In this method they become more popular by being hated by the world .. remember that China had already done so much against the world.

so why bother ahting them when we already knew they are being hated by the world.

"Starting to get sick".. I've been sick of that pathetic communist nation for many many years.  That place is one of the most backwards places on the planet, and it amazes me that it's people have allowed for a communist rule for so many countless years.  The way they treat their own people, the open rampant animal abuse and now all this bitcoin bullshit. I HATE China. I wish their government the worst.  I know there are still many good people there, but there's plenty of more bad. 

China has previously banned cryptocurrency exchanges and initial coin offerings (ICOs), and has moved to crack down on crypto mining activities. Of course, many people don't like this, but I think people have no choice, they have to do it to survive. Why is China restricting people's access to cryptocurrency so much? Probably to limit their abilities and still control them... The market is manipulated by Chinese whales and the government. It means they don't ban the market. Who will ban if they can abuse the market and their ban hammer for profit? But the more China tries to ban bitcoin, the more bitcoin rises in price.

Every Chinese manipulation happens every 4 years when the crypto market trend is high and always bans Bitcoin. not only that old news is always repeated to dump bitcoin. I think China has its own goals in the crypto market by spreading the word globally to manipulate the market and have a negative impact on this market is something strange. :-\

We have to take in mind that china has been always enclosed on itself has highly invested in communism and only cares about its internal affaires and its people and the reason why they have banned bitcoin and cryptocurrency is obvious and that is due to the facr that they saw that this was a popular thing  that has gained a lot of popularity inside that they have no control over not so ever and they did so to make place for the new digital currency that they are planning to release, in other way of the people want to use crypto they will have to use the ones that the government made just like the internet.

Get used to it or deal with it because China had been this kind of country on where decisions could really changed in spot which means they might be bullish this day and after several hours they do issue some ban.

They have done these things in the past thats why it isnt surprising for now that they would make the same thing which the community specially the older ones arent surprised with these kind of events.

For noobs then they would totally freak out because of such decision but actually these external sentiments doesnt really affect out the market precisely.

They are trying for a very long time, and slowly they are really killing crypto in their country, but it should not worry us because there are still more countries that are accepting bitcoin than hating it, and it will not make bitcoin fail. Maybe we will see and experience the bear market, but it's just temporary, a normal effect of a bad news.

Expecting the bear market or not has already been determined and the manipulation has taken place. China does this, of course, has its own interests and the target they want will be achieved.

China's influence is indeed strong because of the several FUDs issued by China, all of them are very influential. Starting from expelling miners from China to banning bitcoin from China.

China is becoming an adoption barrier for other companies. But when China has completely ditched Bitcoin, they will have no more influence.

The Chinese government is an important investor in Bitcoin. The Chinese government has invested roughly 2% of the total bitcoin budget. So sometimes the Chinese government's ban on bitcoin is nothing but a ploy .

They don't understand and you understand? hah :D Don't get wrong with me but there are huge reasons behind their decisions, they know what they are doing and why they are doing, they also pretty well know what will be the result of their actions.
Maybe it looks bad and illogical from our side but we don't know what's their long-term plan, so I wouldn't just easily say that they don't understand what they are doing.

haha, this! It works again and again, that's sad fact.

There will always be a little effect on the market but its just for temporary. I think the market is slowly getting used to it so even if there are another batch of banning crypto in China in the next years, probably the market will not be affected anymore. Later on, China will decide to regain their good stand in crypto and will legalized it again. So China is just like a human behavior, when you think that you are over manipulative, you will eventually find ways on how to regain it back.

What if we were on their shoes? Pretty sure that we will probably do the same thing plus it's not really that scary that their doing this kind of thing, China has been doing this BS for a long time and they're not successful as they intend to be, they're more of a catalyst for the increase in the prices.

China's decision to ban cryptocurrencies hasn't affected the market very well. Now, we see Bitcoin price struggling to go to upper levels. It was already having a bad period actually and now the length of the period might even extend. Because so many people from China won't have any access to cryptocurrencies. But I hope that they don't sell their cryptocurrencies after the decision. Maybe it can change in the future and they will be like they HODLed their cryptos. And this would be good for the market too as so many people won't decide to sell.