Bitcoin Forum

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin  ;D

This does not affect Chinese friends to use the websites on the list. Many of my discord groups have people from there. It's like bitcoin can't be banned.

That's quite right. They always bring their own version of every tech and ban the westerner version. That's how China deals with the west but it is not like it won't have any impact on bitcoin. It will have its consequences. Millions of (some may even say billions) Chinese people will be forced to use the C-BTC and that's probably create a pressure on the btc prices. In the long term it will be fine... unless the west bans it too.

The Chinese government is increasingly intensifying its crackdown on cryptocurrency trading. China will strictly eradicate the illegal activities of trading Bitcoin and other cryptocurrencies. China will also issue a nationwide ban on cryptocurrency mining.

About 10 Chinese government agencies, including the central bank, banks, securities, foreign currency regulators in their joint statement will impose a ban on crypto trading.

China Strictly suppresses virtual currency speculation, and related financial activities and behavior to protect people's property and maintain economic, financial and social order.

Thank China. It has given another opportunity for people to buy the DIP again. Open a chart, and plot every announcement/threat from China to “ban Bitcoin”. Every one of them if bought are in profit, except for the last two threats, which will also be in profit when Bitcoin goes six digits.

China bans appear many times in history. Dozens of times and if a national government say they ban something dozen of times, then did not ban it, do you believe in them?

Furthermore, the global trend is more adoption for Bitcoin and crypto so it is easy to guess what China will do. They won't ban it because they can not be a unique nation on Earth.

To fight and compete with other nations for top ranking, they have to join the trend and participate in the global trend.

It was announced on Friday that all cryptocurrency-related transactions are illegal by the Chinese Central Bank. Do we really care what China thinks? What a ridiculous idea. The same thing happens every year. Naturally, that's what they're planning to do. In other words, this is just a means of bringing the price down. Aha, they want to buy the dip. Are we to thank China because this low price allows people to buy?

It was old news, I think few bad people intentionally publishing now to make the market down. What do you guys think?

Maybe you all know that this is already familiar in China. Look at the products around your room, or Chinese imitation products. wouldn't that destroy the original label? So I actually think that what China did at the time of blocking Bitcoin they would most likely copy. After studying several years from mining to finally closing it back down, it would be quite unexpected. They can actually use the time during mining to learn and build their version of Bitcoin. lol  ;D
Didn't cross until now, we ourselves might have noticed. But this is China madness, to dominate any sector of the economy they will chase until they succeed in duplicating. Damn why should we trust China.

We have to learn from the case of the famous product that China duplicated until now.

Let the bans begin, we shall see who wins in the end.

Tip: It won't be them. ₿ is not "foreign currency", its world currency. This is why these short sighted politicians can't get it, they think its just another $ or €, a digital variation, so they think all need is a digital ¥, as always, thinking they can outsmart the "westerners".

They so wrong, history will teach them (again) that rejecting wealth creation can only affect them negatively. But not until some decades and lots of bureaucratic debate within the party, perhaps when the old leaves and the young takes over...

Knowing about China is a communist country then it isnt really that surprising that they do really want for everything to be centralized and would really be controlled by them.Anything which is totally out of hand
should really be terminated or should really be not to be accepted and this is why it isnt really that surprising that they would really be coming up with this kind of conclusion on where banning out bitcoin
or crypto as a whole and they would totally be making out their own CBDC's to take over or something like that. Just let them be, because the market doesnt only spin out for them.
There's still demand and significant outside of those decisions.

Their version for their own country. Please, but if adopted by other than their country then this is a disaster. They want to take over Bitcoin with their Bitcoin version? Hopefully that doesn't really happen. Except for countries already indebted to China, perhaps China can offer its crypto version for adoption.

I agree with you, it is not surprising because China is an authoritarian country. China government probably wants Bitcoin to be controlled as a centralized system as well. But it cannot happen, Bitcoin community won't let China government controls it. In addition, I am wondering how China can control Bitcoin as it is purely something valued based on the demands on the market. The demands can be decreased massively when Bitcoin can be controlled by a country. People are interested in Bitcoin because it is decentralized, those people may go if it is not decentralized anymore.

Anyone who reads any news from time to time understands that China is a dystopian government that wants to control every aspect of their citizen's lives, and they are relatively successful at it. For example, many Chinese citizens don't know anything about the Tiananmen square massacre or just avoid discussing it with anyone. It's no surprise that they ban Bitcoin, which was created to grant people financial freedom. I'm sure a lot of people who currently use Bitcoin in China will keep using it, but the rate of adoption by new users will drastically slow down, because people would be scared to break laws.

^ This is not new in China, sometimes they do like this, banned now and open for acceptance after how many months. Sometimes I get annoyed a situation like upon reading the news and I saw gain they trying to manipulate the market. But if we will not listen to them, there is no chance that they will be able to spread FUD, it takes maybe a week before the issue will disappear. We did not surprise they keep this doing on us in a different way but look, we are still here and BTC will recover soon as long as possible.

That is not the right list to look at. The one that you should have created yourself and posted here is the number of times China has banned bitcoin according to the media. If you do that you realize that from 2013 until today the same fake news about China banning bitcoin has been coming out every couple of months when price has a small drop or they want to manipulate the market.

Will China's smart sports enthusiasts have a wave of exodus to hot foreign countries? I think it is very necessary because I have already stolen my bitcoins. Do you think Chinese citizens are afraid?

Why is this a surprise to so many people? We all know the Chinese government are control freaks and they will never allow a technology that gives ultimate freedom to their own citizens.  ::)  They have been working on the Crypto Yuan for many years now... so their timing with the Crypto mining ban and now this blanket ban on Crypto has come as no surprise to the people that has been watching them.

This news will not have a significant impact on the Bitcoin price, because speculators and traders have been anticipating it for weeks already. The dip in the price will be small and it will recover within a few days. (Only the newbie traders will shake in their boots)  :P

On the third day after the new, and “more effective” China “BAN”, it was nothing. Actually nothing but another China FUD! Hahaha.

They can keep “banning” it, but they can’t censor it, they can’t “erase” it from existence. It remains a multi-generational protocol with users in and/or out of their country, and it will keep growing with and/or without them.

I think China is doing this again to dump the market so that they can hoard coins as much as they please because the prices are in their low position. They already did this before and they are doing it again. The people are spreading FUD because of their announcement. And like before, FUD is still an effective technique to make few people panic sell, making the prices go dipper. They take advantage of this opportunity to buy coins and store them until the bull market comes. They do not really intend to ban it permanently, but just to just make the market go red. Then they'll do their thing. After this, surely they will lift the 'ban' and release some sort of statement to justify what they did.

For those people who want to invest in crypto, this is one of the best timings because you can enter a low position. If you have the money, do your own research and invest while the prices are still low. I think the prices will still go lower for the following days. It's up to you whether you'll see this as a threat or as an opportunity. Be wise enough to decide.

maybe this has become a characteristic of china as a disseminator of negative news about crypto, with a ban on bitcoin transactions in china, and this news is always spread when BTC starts to rise,
I don't know what the real purpose of China is from this news, and in fact its citizens are still conducting transactions

It seems to me that China has done this so many times that everyone should already know about this manipulation and react to it as adequately as possible, without hasty actions and without panic selling. But every time we see the same thing, the market turns red, many panic and sell. Well, for me this is an additional opportunity to buy at a low price. It's good to follow the news, but in the information age, you need to be able to filter information and draw the right conclusions.

That's because China wants to be in control of everything, with the bad news that China spreads implying China's role in having an influence on crypto prices. Their sentiment is indeed very dangerous and of course it is impossible that behind what China is doing there must be a goal that ultimately makes China a country that insists on controlling the crypto market.

But with their recent announcement regarding total banning of crypto transactions, the crypto market survives and actually going green again. So it shows that China can't control this crypto market. No single country can. I hope by now, China can see that crypto market survives even without them. Its citizens will just find a way how to go around this restriction. But I think, crypto market from China will not totally be abandoned or goes to zero.

They changed or expanded from banning Bitcoin mining to Bitcoin transactions. Their bans are applied for crypto mining and crypto transactions too.

If you read more news, you will know China has problems with power, fuel supplies and they are in a power crisis. I think it is reason that China has to react like that. When their source of fuel, power becomes stable again, they will lift bans on Bitcoin and crypto mining.

About the crypto transaction, how do they ban it? They will not succeed. People in China can use Internet and break the Great Fire Wall.

This is was obvious and i actually was surprised that it took them a while to ban it, since bitcoin has been very popular among Chinese and the government had no control over it, but  i think that with the increase of the use of crypto in the world they have decided to create their own crypto and ban bitcoin and cryptocurrency just to force people to use their own version, just like they did with many internet sites and devices .

this happens often and it's no stranger when china implements this kind of ban because they want to do anything with their own version and don't want any products or anything related to the west, including technology.
I don't know whether it will have an impact or not for its citizens, but what is certain is that something like this is indeed the way they are taking to compete and fight technology from the west.
the concept is like instead of using other people's products, they are better off making their own products even though the products they make are not as good as foreign products.
for example, they rely more on the QQ browser or UC browser which incidentally is the original product they made instead of using Google Chrome which is already very global, besides that now they choose to ban bitcoin in order to design the CDBC they manage.

Well, this is no surprising at all because China always want to be the center of all even in the aspect of digital currencies. So what they did is to impose a force banning on all cryptos that can block the popularity of their own digital currency. They want to give focus to yuan but the citizens are not being cooperative since we all know that there are lot of Chinese people who are bag holders of bitcoin and other potential cryptos. Imposing a ban that will finally stop all crypto related activities but i think bitcoin will not be beaten by this, only those who are holders of it. Maybe going to nearby countries to transact cryptos is the best thing they could do.

The Chinese government prohibits cryptocurrency, it must have something to do with the digital Yuan, so that the Chinese population is more focused
on the digital Yuan. Because we know there are so many crypto users in China, the Chinese government is worried about this situation, so move fast
by banning crypto. I agree with you, Chinese residents will not stop making transactions using crypto. Because there must be various ways for
Chinese residents to still be able to transact using crypto. So what the Chinese government did was not entirely successful, because in the end
even though it was banned, the Chinese population would definitely find a way to still be able to trade crypto.

Yeah it's because china has huge population, they think they could running the country by theirself without any cooperation with another countries including the technology and anything related to products that will be used daily. Actually this is very good for making a country big because the commitment and the loyalty of the people to the country is very solid, but the impact to crypto space is quite big since china has one of the biggest crypto possesion.
I think the crypto community in the future must be not relying on china anymore because this country is controlled by their top brass which could changing decision suddenly in a short time.

But even if China is big, I don't think the impact is quite huge because right now we are heading to positive direction despite China's ban. So I believe, the impact of China in the market is not to be worry anymore as seen recently.  The market sentiments are evolving and it seems the community is not bothered anymore by what China's approach to crypto market.

Although for now many websites that have been blocked in China but this will not have a big effect on the value of bitcoin at this time because the popularity of the crypto world in the country is already so large that it is difficult to be blocked by the government, according to us see from the regulations implemented by the government today they do want to eradicate the use of crypto nationally and we do not know what plans want to be applied in the use of currencies. digital in the country.

Seems to me that China is trying to get rid of decentralized competition while trying to solidly build their centralized crypto Yuan. The news of the ban keeps reoccurring because they know the power of negative news on the market.

This won’t be the first time China is trying to create their own version of an already existing technology. With this, they are building their own centralized crypto Yuan and they’ll have full control on this currency. For now, they are only getting rid of competitors. Decentralized competitors actually.

China always says a ban on bitcoin, almost every month, even news about China prohibiting the use of crypto currency in almost every media, but in fact bitcoin is still active in China, even the Chinese government says it is forbidden to bitcoin, bitcoin fans are growing, so if now maybe people no longer think about anything the Chinese government says..

Obviously everyone has started to doubt, because China almost every year says ban bitcoin, but the proof is they can't ban bitcoin, I think the media exaggerates the news in China, because we know China has never really banned the use of bitcoin, the government China only prohibits bitcoin from being used as a legal currency in their country, if it is for investment and we make it an asset, I think the Chinese government does not prohibit it at all..

It seems that what the Chinese government has done for the umpteenth time is that it has certain goals that all of them can analyze well. because we know that china is an expert in everything that is done to be able to make something similar to the original, we have to admit it.

what do you think that China wants to master crypto, with the aim of being able to make what is made according to its version can be used, is very true and I agree with that. there are always things that we need to pay attention to, every ban in China, then there is an intention behind it with the aim of leading there.

but they have done it several times and it can't be done well, because bitcoin enthusiasts in China themselves don't want to speculate that they have to obey what the government wants. because they know that bitcoin is worldwide and it is not easy to ban it by replacing it according to what they make, of course it is very speculative and will actually make miners there lose.

Well, enough with the Chinese banning of cryptocurrency news, because it seems like the FuD has just died down as the crypto market has been rapidly recovering after it fell down to $41,000 after the China ban news came out.
I don't know If people have learned about all this drama from China where it has happened several times and always had a negative impact to the price.

The China story and experience should be a lesson for investors that it is just a moment of down and within days recovery of market and rally and why this happens is still a mirage for my understanding. A ban that was suppose to harm will further make better what it intends to harm. Investors don't believe China after 2017 on the ban and bitcoin didn't stop, it went higher to unestimated value back then and since that era, bitcoin has got mare patronage.