Bitcoin Forum

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph (https://cointelegraph.com/news/china-warns-bitcoin-is-heading-to-zero-but-boe-looks-on-the-bright-side))

Not gonna lie — they totally sucked at FUDding on this one. They could've probably used something that could convince the normies far easier such as the "quantum computing will break Bitcoin's security" or something like that.

What you're expecting from the country that fully banned of crypto use and they will want to launch their own CBDC? They will create a FUD about their competitor e.g. Bitcoin to make all their citizens to stick with CBDC only, while it's just a same centralized fiat in different way payment and most importantly will lose the value due to inflation.

They're view it on negative perspective, if you view it on the other perspective, it will be:

every year have gotten used to hearing this kind of fud. But strangely, the more fud, the more famous bitcoins become. So don't take it too seriously. just make it an annual entertainment. because many have said that about bitcoin.

They have no credibility.

What they say is intended to stop people from buying, rather than being a disinterested description of the facts.


Exactly, they want to kill two birds with one stone. they want people to distrust bitcoin and trust their CBDC.

Anyone who is a little informed can clearly see the move.

China ban crypto, many times. FUD or real you can verify with past events.

The Bitcoin network, its hashrate is decentralized from hashrate owners to mining farm locations geographically. It will be fine even all hashrates from China turn off. Recent years, total hashrate originates from China has less dominance on Bitcoin network than in the past. It is good for network decentralization, its health and it is good to prevent negative effects from China bans, floods and so on.

Again Bitcoin is named as a dead asset. How many times? More than 450 times so far. This figure will reach to 1000 soon.

• Bitcoin is not dead but it was called as dead 450+ times. (https://bitcointalk.org/index.php?topic=5402589.0)

I love it! I already know some will be foaming at the mouth but for China to say that Bitcoin and the Crypto market is a western creation and heavily influenced by the western market is music to my ears, the moment someone accuses a thing of being under the western influence is the moment you an know for sure they are scared shit of it. The sooner they cut every single forgotten thread linked to bitcoin the better, let them deal with their own non-leveraged not manipulated not Evergrande markets, and with their own advanced technology that made the leader of 5G communication unable to make a 5G phone.


It's not about throwing FUD at bitcoin, it's the usual CCP propaganda as the original was published in the official paper of the Central Committee, thias is like 10 times worse than Pravda, their aim was another jab at the US


The usual propaganda from back in the 80s, the corrupt western world is falling apart, the fact that they don't stand in queues for a loaf of bread shows how unhealthy, undisciplined they are and how they lack the moral duty of starving for the motherland  :D

Why do they have to warn people, if they basically banned it? Is Bitcoin such a threat to their control over the Chinese citizens... that they have to resort to FUD to fool people? How desperate can a government be to lie to their own people....to manipulate them into believing that Bitcoin is bad?

I hope the majority of the Chinese citizens are not just sheep..... and that they can think for themselves. Even after the Chinese government "banned" Crypto mining.... almost nothing happened in the markets.

Chinese government like creating FUD, they banned bitcoin and cryptocurrencies, they ban bitcoin mining and cryptocurrencies mining. Bitcoin has been banned in China several times and yet they were unable to make some of their citizens not to use bitcoin again. Now, they are creating false news about bitcoin in a way to just desist their citizens ffrom buying bitcoin. This is bear market already, I hope people will not be foolish to listen to what Chinese government said about bitcoin because who buys now and hold for long will not lose but make profit.

The best propaganda is when they mix truth with lies. ;D
Let's be honest here, the crypto markets are full of manipulation, high leverage and pseudo-technology. The important thing is that Bitcoin isn't  connected to those accusations. We the Bitcoin maximalists cannot be blamed by anyone for the thousands of shitcoins, crypto scams, stablecoins, NFTs, HYIP scams, which are true "pseudo-technology". We never asked for this shit and putting the blame on us is simply wrong.
Yes, the Bitcoin price is volatile, but so what? Aren't stocks and commodity prices volatile as well?
Crypto traders are really making money by buying low and selling high. Is this a crime or something?
Aren't stocks and commodity traders also making money by buying low and selling high?

They still care about Bitcoin after they have ban it and drive away miners from the country.  


They care because it sound like they want the market to be not so volatile. They are dominating this market from the start of Bitcoin which miners are just in China's backyard, I think they are already regretting it. So it wouldn't really be surprising when they start accepting and allow miners again.

So once again this China nonsense is surrounding the market of which they want to take advantage of by spreading rumours and FUD of it going to zero so they themselves can attain more of it and gain profits.They have been anti bitcoin for so long but also holds it but it didn't affect much to bitcoin now while the prices are going down due to some other reasons.China just want to seek attention of the people by spilling out these talks and trying to manipulate the market but can't work.

It's China, what can you expect. Even that news might have been illegally sent out by someone just to leak it out. Whoever that is should be hanged.  :D
Or, they intentionally leaked it just to create chaos. They banned it and now they want to bring it down as deep as they can by creating this kind of FUD.
How far will they go? Luckily, not many countries/people like them, so this kind of attack will go directly to the garbage bin or much better they will go against it, buy more Bitcoin and take the demand to its highest level.

Thanks for Chinese government then? because with this news and FUD they might bring the price more lower? and with that i will be having my chance to buy more and more?  I will gladly thanks them for this  kind of gesture  ;D ;D

What good thing are we waiting from Chinese since the beginning? is there any good news they deliver year after year?

No surprises here, China has a lot and hate relationship towards bitcoin and they are hostile on BTC specially when we are in a bull run and I think they do it intentionally not just for the Chinese but for the world to hear their announcement or their official stand on it. But then again, we have seen that it has no effect whatsoever on the market, even if we are in a bearish cycle, we will remain resilience to this kind of attacks, not even China can bring bitcoin to 0, it's too big to fall now.

They kinda sound like 5 years old telling story to make themselves look cool!
Spreading this kinda shit won't make BTC fall. it has made a reputation for it's worth.

Ever since early 2018, when they halted a lot of Chinese crypto exchanges that made CZ move to somewhere else, they didn't stop their attacks on bitcoin, they've ban it, calling it illegal, and hiding from the reasoning that it is being used by criminals and it could create economic stability. So are we surprise by this statement? No, and I'm sure majority of us are not going to be affected. On the contrary, this might push bitcoin a little, for all we know.

It's hilarious! Everyone knows that the official media of China is a puppet of the government and their only job is to spread government propaganda. By now, it's clear to everyone that China doesn't like cryptocurrencies. Because any authoritarian government believes that crypto can give their citizens a power to disregard traditional finances. They have seen it during Hong Kong riots where a lot of people transitioned from fiat to crypto because the government was freezing their bank accounts. China has also drive the miners out of their country sometimes back. So it's pretty evident that China government doesn't like cryptos.

So the news is not a surprise or should not be a surprise to anyone. Let the official media spread the government's agenda while we score more bitcoins for a better future! That's the game! 

Yeah, and add to that, with the looming financial crisis around the globe, they don't want to experience "capital flight". Because they know that their citizens can used bitcoin to hide their wealth and move it somewhere else without them having knowledge.

They ban bitcoin mining causing a massive exodus of Chinese miners outside and then make mining not a monopoly of Chinese anymore, so this is the good effect of them driving them out of business or pushing them outside.

So is the official website of the Chinese government, the database of Chinese Central bank, the domains that they use for their sites and many more.
Even your phone number is a string of code, but you pay to get that number assigned to your name. You pay to use many different types of code every day. If you have cable tv, it comes in the form of a digital code. Your VOD subscription is a digital code. Codecs that allow you to listen to compressed music and watch videos are just code.

The Chinese government makes no sense here.

In other news, old man yells at cloud.

No seriously, this is old news. How many people have been lecturing us these past few days just on this board that our BTC is going to be worthless? :-/

Can it really go down to 0? It doesnt seem quite likely to happen.

Even if it went down below couple of Gs people would be buying the hell out of it and would make it go up again.

That's not really surprising to see this news from China in this situation when the market is bearish and the price is falling to lower levels, since they want to spread the fud news about bitcoin they say bitcoin is going to die the price to going to down to 0 while to the people who know bitcoin and those who are not new in this market this situation is not new at all, in the end, I was not expecting more from a country where they are always trying to attack bitcoin.

Just when you think we got rid of China, the OP shitposter that was supposed to be banned for plagiarism serves us one worn-out story that should have some effect on what exactly? If the Chinese Communist Party and all their political comrades around the world think that Bitcoin is worth nothing or that it will be worth zero in time, that is their opinion, and let them sell it to their people - why should we bother with that?

The time when China had an impact on the price of Bitcoin is over, in vain the attempts of various internet trolls who spread this kind of news around👎

Wonder how much secret BTC CCP's got stashed up ;)


Yeah, missed opportunities, really. Bitcoin will run out in a few decades and miners will desperately melt the polar ice caps and everyone die in a great big flood. I know it's crazy sounding but that would strike fear. Using "a few lines of code" actually impresses Gen A Chinese.

I've actually seen altcoin marketing using these FUD items as a buying motivation cause shitcoin's not Bitcoin, therefore it's good!

So what can we expect to them? They are totally blocking bitcoin on their country so expect that they will spit some bad words against it. And can you see what happen on bitcoin even if China government ban this? Bitcoin still standing strong and their calls somehow didn't take effect because there are still chinese guys use crypto.

Nice try China, but your FUDding tactics won’t work on us anymore! Thinking that they could influence the entire world. Been there done that, we’ve already weathered the storm many times. Bitcoin always bounce back stronger no matter how many times China try to take Bitcoin down. In fact, China’s latest news about Bitcoin is a sign that BTC will start a bull run again!!!

Something odd about the Communist Chinese Party convincing everybody that Bitcoin is heading to zero while their economy is hemorrhaging from COVID lockdowns and supply chain issues. For a country that censors the internet and drags people away in chains for criticizing the government, I would see why the disinformation campaign would need to be ramped up in a time of economic uncertainty.

Unfortunately for the CCP, people are not stupid.

I laugh at these hysterical statements. They don't even put in any effort.

If so, let it be and we will see what will happen with the crypto market.
Bitcoin has been tested many times with drastic price drops; this time, bitcoin is experiencing it again.
But I think people still believe that bitcoin will rise again after this.
It's only natural that China thinks like that to influence people's minds, especially people who have just joined bitcoin.
As long as we don't listen to stories like that, we'll be fine.

Will all the FUDding and bad mouth that China has made against bitcoin and cryptocurrency, they couldn't really convinced a lot of people with these kind of antics. But, I can kinda admit it that they have FUDding cryptocurrency for a long time and may have affected bitcoin's price and market but I doubt that they'll be able to lower the price of bitcoin with this one.

Anyways, It's kinda funny if they'll say that or anything that includes "Quantum" like "Bitcoin's Blockchain technology has been exposed with all of it's flaws through Quantum computation from researchers from China".

Regardless of whether this news is old or new, it's just a fud that bitcoin is heading towards zero. Whales want that we sell our bitcoins to them for cheap and they will influence every media to give such negative news to create an environment where everyone thinks to sell bitcoin to save their capital. This is indeed a trap and we should be careful not to listen to these unrealistic predictions.

Now, isn't that hypocritical? A communist government talking about manipulation. What can we draw from this? --> Fear of the emerging giant.
They are just making things worse for their population. Bitcoin is already well past the global phenomenon status and they still are trying to discourage their population from buying it instead of embracing "change". That's just so characteristic for conservatorism.


No s@it... Why aren't they creating something like Bitcoin if it is just a string of digital code? - Short answer -> Because they can't and because they lack the vision.

So far China is the biggest FUD spreader for bitcoin, even China is a country that is quite anti-bitcoin and they continue to do FUD to mentally bring down bitcoin investors, to be honest after seeing the development of bitcoin so far which continues to rise after the price drop , of course what china says It's not something we need to be afraid of, so I think we don't need to listen to what China has to say about bitcoin and it's better if we stick to what we believe in bitcoin.

The Chi. . . who?
Who are they, I am hearing this word for the first time in my life until now. lol (sarcasm)

Thats really funny thing coming from Chinese news channel. They should look after their bread butter rather than poking into bitcoin all the time. First they ban everything from their country, then suddenly bitcoin goes up and then they get jealous about it! They literally thought bitcoin will vanish when they stopped mining operations within their country but opposite happened.

Now as the bitcoin is on the bearish line they are trying to create new sort of FUD. I am sure this warning is for their own peeps and not the other world. Because do whatever you like, I am definitely going to HODL until last coin.

China warns people that they are going to ban bitcoins... China bans bitcoin mining..causes a massive brain drain....china allows bitcoins again....china not so sure...now china wants to launch a new digital asset governed by the government... China wants people to invest ..china making statements which are baseless.

They Chinese government just wants their own asset to have a loads of investments therefore what they are doing is trying to somehow prevent people from investing in cryptocurrencies like bitcoins at the end of the day all these comments are not only senseless but one should not give this FUD a platform to be discussed as well.

Right from day one, China has not been in support of bitcoin, they rated bitcoin as their 10th coin. As much, as they try to discredit bitcoin, it keeps excelling beyond their imagination. It pains them, that they have only control over it, If bitcoin was something that can be controlled by technology China would have been the first country to have maximum control over bitcoin long ago.
The financial freedom bitcoin brings, they don't want their citizens to gain or learn from it since they are not the ones that invented bitcoin, so because of that, they are not in full support of it

In the beginning China is one of the country that have helped with the growth of bitcoin. During those days it was China that contributed good with the mining. If there isn't big support during the initial days, the network couldn't have turned this big.

At some point China wanted it to have control over the network network, which isn't possible. Further it started to make ban over cryptocurrency mining. The process is now towards creation of CBDC. When China made the ban, miners started to move towards other countries and the network didn't got affected out of it. Slowly they try to create FUD making use of the market decline.

Like others here, I perceive it with a smile, 'cause Chinese propagandist warnings and concerns are a joke. China is naturally hostile to Bitcoin because it's an authoritarian regime that wants to get even more control over the lives of people than it already does, and controlling the currency is a part of it. Bitcoin isn't and never will be under the control of Chinese government, and it can be disruptive if people there put more trust into it than into yuan or if people specifically start using cryptos when they don't want the government to know about some funds or purchases. But claiming Bitcoin is heading to 0 is simply ridiculous.

I mean, what do you expect from a country that controls and manipulates their media? As far as I know, China also banned and prohibited the utlization of cryptocurrencies in their country- so it is somehow expected that they will force their people to believe such lies.

Though this may be the case, I think this will hurt the price and growth of cryptocurrencies in general. Before, there were tons of Chinese miners but the prohibition had caused a massive reduction of the prices of cryptocurrencies. Hopefully, some countries would show their support towards the movement of BTC and cryptocurrencies in order to at least pacify this situation.

It is not really that strange, it is known that the more you try to forbid something the more people want to know why the government wants to suppress that information, China is against bitcoin and we know it, so it is natural they are using the drop in the price to their advantage, however giving so much attention to bitcoin and its supposed bad state can damage bitcoin but only for the short term, over the long term people will realize about such a campaign against bitcoin and will begin to search for information about why this is the case, increasing awareness and ironically bringing a more informed investor to the market, which is way more difficult to scare with FUD.

Whenever I see a news update like this is one of the best time to either open a long position or buy the dip or probably a bottom of dip had occurred, this is just a pure Fud, only newbies and people who don't know about cryptocurrency will fall for this cheap stunt, bitcoin is here to stay and it will be forever, huge dump might occur but it will never get to zero, no way!

China has always done the same. FUD continues to be spread to influence the price of bitcoin so they can buy it cheaply. The current moment is indeed very fitting to spread FUD, but should we be influenced? Of course we are used to news from China. China is indeed the enemy of bitcoin at this time.

So what do you think about the news? Do you think it will lower the price of bitcoin again in the near future?

China is too bad at the moment about how they should make FUD in the crypto market. They don't like decentralization so they have to fight it, but what are the benefits? Nothing, they will just do it and keep doing it and so on until the crypto community truly believes that China is the biggest liar in the crypto world.

Somehow I feel China is just going against the grain regarding the growth of crypto in the world. This was absolutely ridiculous, but it would make weak hands tremble.

Likely they want to accumulate at a cheap price. Bitcoin is already in a downtrend and they want to dump more. So that they could accumulate more lol. A lot of crypto users in China, so are trying to spread FUD making panic sell and dump more. If Bitcoin comes to the ZERO which isn't possible, the total crypto market will be destroyed. Nothing will exist here. I can't imagine this kind of situation where big institutional investors buy and store Bitcoin. What was the impact when China ban Bitcoin mining? Nothing. So nothing will happen for China FUDs.

Of course nobody cares about what china says in the macro sense. Not saying that they do not have the chance to make it go to zero, but it is clear that we are talking about a nation (or government in this case) that hates bitcoin and crypto to begin with and tries to do everything in their power to make it go to zero if they can do it.

So, if they warn about it, that is nothing new, they would be warning obviously because it is something they wish to happen, just because they wish it, doesn't mean that it will happen. I personally believe that bitcoin will be going to 100k+ on the next big bull run, and China will try to do some things to prevent that for sure.

We have seen in the past years that China not being friendly towards crypto market.
Remember, when they banned their miners? But despite of that situation, btc continues to survive.
It may have a slight impact on that period but afterwards, it is like the same.
So in that scenario, we have seen that China not participating in this market is no big deal anymore.
I believe that even if they warn btc heading to zero, just ignore it because it won't happen.

Not only that.
I leave a question "in the air".
Is actually mining operations 100% staalled/stopped in China? I mean, I bet there are quite some operations still going strong and who knows if the government themselves aren't backing up a few! This is inevitable. Bitcoin will come sooner or later! The current war is probably "stepping the pedal to the metal" in this regard!

Chinese government is making effort to dissuade its citizens from adopting cryptocurrency, especially Bitcoin. The downtrend of the crypto market offers them the opportunity to make false propaganda  of Bitcoin/other cryptos. Obviously the FUD is false, rather I will say that Bitcoin is simply preparing for another bull run. This is not the first time this is happening, according to history.  

Of course they are going to warn people that bitcoin is going to head to zero. They don't like bitcoin, so they will try their best to stop bitcoin and other crypto currencies to become a mainstream currency. After all, if they do become the mainstream currency, China will be in a serious disadvantage since they have fully banned the usage of crypto currencies in their country and focusing on their own digital currency. All they are trying to do is eliminate their threat.

Today China is one of the most powerful countries in the world. The country is trying to give the attention to America, especially from the economic point of view. They always think in advance. We know that cryptocurrency is now a potential platform where leading countries want to take control over it. In the Ukraine-Russia war we see crypto currency awareness.

According to us, China works with a very sharp intellect. It is difficult to say what they really want. It could be that they are trying to warn their citizens because of big scams. Maybe they want to bring BTC under control from the dip through negativity.
Personally, I understand that it doesn't matter how much one obstructs BTC, even if it has a temporary effect, it will turn it again.

Why do you think the OP will answer your question? He does not participate in discussions, but benefits from promoting his project - and anyone who quote his post only gives him extra visibility. In addition, it is more than obvious that he works for CT by shilling their links in every post.

First, we shouldn't expect positive things from a country that's governed in a Communist way and for the record. The Chinese government never supported Bitcoin what they always do is benefit from it and the crypto they once supported was NEO whereas they raised funds for their construction company through IDO in BTC and taxed BTCminers.

We shouldn't expect them to support BTC now after what they did to Bitcoin miners in their country and the far as i could remember they always made this exact statement about Bitcoin when it bears season.

Personally, I am dismayed by this news. On the one hand, I understand that no one has canceled the manipulation in the crypto market, and this kind of news can be FUD to force weak hands to dump Bitcoin now. But on the other hand, seeing what kind of events are happening now in the world, I begin to believe in such news. To be honest, the situation is really difficult, because every day you have to make a difficult choice, sell or buy or hold? However, I still hope that even if the price of BTC goes even lower, it will not be able to reach zero and after that it will definitely go up. But maybe I just want to, but time will tell how it will actually be.

They feel they are great in business and economy, a lot of news is propaganda by China for their benefit.

Everything they did to destroy Bitcoin, all to no avail, how do they know Bitcoin is going to level 0, do they control Bitcoin, no, it's all bullshit and lies, China is really at its wits end when it comes to Bitcoin.

I don't think China can do any propaganda against the Bitcoin market, don't they realize that Bitcoin is bought and used more by other countries, than China.

That's 2020 data, maybe if you look again at 2022 data, China is ranked, 2%, do they still want to do engineering.

We often hear news like this at the time of the bearish season, with the hope that bitcoin will decline due to weak holders and fear that it will all happen. I was reminded in 2018 where the conditions were the same as this, but in reality it didn't happen and in fact bitcoin is increasingly known throughout the world, therefore we must have faith that is supported by logical thinking, if the dump happens again it will be used by some people

this fud is very bad in history, makes fear stronger, and the value goes down because of this fud, I don't know what China's goal in this case is whether they will adopt bitcoin en masse so that they spread fud aggressively, it's just that, I don't know... just save your money and never invest with hot money

Talking nonsense about bitcoin and when most investors are in panic they are definitely buying the dip FUD are created to manipulate the price so that they can buy at low price then repeat.

Chinese news is nothing but official propaganda of Chinese government. They like everything to chiniaized. Now they want bitcoin to go and a Chinese copy to come. SO they first banned mining and now they are dissuading the investors and creating a negative image. like everything we will soon see Chinese government, promoting its own crypto currency

This is probably what the Chinese government has been waiting for for years, unfortunately for them it will never happen. A news coming from the country that always considers bitcoin as the top enemy is really not worth our attention. Their claims regarding bitcoin have become futile and they have almost no influence on bitcoin. Perhaps they were too delusional, overconfident in themselves.

A general rule in crypto is to do the opposite of the market sentiments and the news which made up these sentiments. When there are fuds that bitcoin is going to zero, it's time to accumulate bitcoin as usually the market will pump from there. Similarly, when you see bitcoin positive news that bitcoin is going to the moon, its time to sell some part of your bitcoins as there are 90% chances that bitcoin will dump where there is too much positive news around.

A government controlled news that is created specially for their country's eyes only had spread out? Yeah, there must be a plan on why it did.
Basically for FUD, that's a start. If not, they are holding Bitcoin and they know this could lead to a reverse psychology thing because they became an enemy of many countries/people. They want to sell it at a higher price. But that's just me being crazy and my opinions, it is possible though.
I never really trusted whatever they print but I want to dig deep on "Why's?" and "How's". There's always a purpose for every move they make.

After more than 10 years of crypto and BTC, anyone claiming they for certain know what will happen is just lying to themselves and the rest of the world. Could it drop to 0? Yeah, it could. Could it stagnate? Yes. Could it go up? Yes, everything is possible because we can't tell what economic fluctuations in the world will happen in the future. This is a coin toss prediction without any evidence.

After this, the newbies would panic and therefore cause market down thread to zero. Chinese government  always have longed wanting to put out a ban on  Bitcoin which I don't think would be an easy fit for them. If you don't, as a smart investor, buy the dip if you can while paper hands sell, diamond. Nobody can stop the existence of Bitcoin not even the government can do that. This is more or less market manipulation by the government so that some key men can buy more while the market is still favourable to whale's.

That's what most of us already know so we can prepare ourselves to take the necessary action.
I think China may have a hidden agenda by being the spreader of FUD all this time because we know a lot of miners are from China and I think they have had a lot of bitcoin stock for a long time.
But even if China continues to be the spreader of FUD for bitcoin, that won't stop bitcoin from getting bigger in the future because people already know the advantages of investing in bitcoin.

Thank you China for that vital information 🙄. Now, get lost! I ain't sure anyone wants to hear that from a country that hasn't hidden its hatred for Bitcoin. Whatever the main reason China fights Bitcoin is yet to be revealed. It has finally dawned on her that all its efforts to cripple Bitcoin through numerous bans haven't stalled it a bit, now it's to FUD on it. This too won't work. It's going to fall flat on its face like other propaganda of hers.

For some time btc and the community has taken a break from China fud, to the point I already forgotten about them. I was a bit shocked to see this thread, was like, China fud still exist! Damn this people are very persistent. Lol, it is clear they are very concerned about the btc community, always trying to warn us of any danger ahead. Nice try China.  :D

Wthu must we keeo believing on the media news and what's been said about bitcoin, going to zero value is a total misconception many go about talking without knowing the difference of bitcoin from other cryptocurrencies, if they had been scam through ponzi schemes before then there's need to emphasize on thier differences, another proof on bitcoin been used as a digital currency is the same immitation cbdc did to create a version of its likes despite they were both incomparable while bitcoin remains a valuable digital currency.

Not much has changed honestly, China is known to be against cryptocurrencies for some reason I'm not aware of, if I'm not mistaken, the People's Bank of China banned all cryptocurrency related transactions in late 2021, while mining was also banned in May 2021. Certain people have always been against their usage, calling them names, it's certainly not the first and won't be the last FUD coming from China.

Seriously I don't really know why China is just completely against bitcoin, the keep on saying different negative things about bitcoin just to scare investors away from bitcoin, but I believe China can not stop bitcoin from growing, the best thing they can do is just to accept bitcoin, the more they say negative things the more bitcoin pump, am very sure bitcoin can never go to zero, highest that can happen is for us to see the price reduc which is happening currently but bitcoin can not go to zero.

At the least they no longer ban it  :D

China perhaps realized that they're just spending time trying to do these actions and inactions on their citizens buying bitcoin that they only gave up and let their people buy and just add that subtle warning in the end. They ride this current downtrend to create a statement that they're never wrong, hoping to get the "I told you so" response in the end. Whatever tactics they use, China will still surely see its citizens buying bitcoin whenever they can.

Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.

https://c.tenor.com/aY4Z1Si1VeIAAAAM/laugh-slam.gif

this is the worst bullshit any news channel could publish. If not in the times when the price was 1000$ and every time china appeared with threats and the price dropped a lot it never reached zero now that it is at 20,000$ would it drop to zero? this is the most absurd and meaningless thing that this channel has published, the fact is that we are now free of china, the price is no longer under the influence of china. the miners managed to go to other countries, I'm glad they got rid of china. I hope that one day Africa will also be free of China like the miners were free of China

Yuppp they deliver the national statement like it's just a game , you can changes sides anytime as you wish.
That is just terrible and i believe this one are yet another terrible theatrical lies , they are scooping more bitcoin in these buying season.

They are holding a lot of bitcoin while encourage everyone else to not hold any. Hilarious.

That is just the way politicians all over the world behave all the time, one day they praise something only to condemn it the very next day, which is why most of the time we need to ignore whatever they are saying, it is obvious that bitcoin is never going to hit a value of zero, the more the governments try to constrict us and steal our freedom then the more value has a network which we can use to transfer value all over the world without their supervision.

Try to question why it doesn't appear often when the school is in a good stage. I can imagine a way of blocking like that, similar to a way of manipulating to prevent people from getting access to low prices, so they will buy more of what they have to offer. After many years, I see a lot of FUDs that keep repeating, but then there will be news that favors the market, so feel free to research and trust this market.

They keep doing the same thing. I still don't understand why they do this. It's impossible for bitcoin to go to zero. In fact, they know this too. I think they are making such a speculation rumor to collect it from the bottom.

For me, What China is doing is just a marketing strategy. They are indirectly marketing their own while making people lose hope in Bitcoin. Without knowing, it is too late to come up with such an awkward strategy. Bitcoin is here to stay. The challenges can only fluctuate the price...

Their fud now is so bad that it didn't had any effect on the market. People already used to what they've been saying over the years. If they really hate bitcoin, then why there are a large numbers of bitcoin miners in their country. I don't think accumulating huge amount from the bottom is their goal why they keep fudding. They don't need to do it and just wait for this market corrections to buy. Maybe they want to take control of bitcoin because of its huge potential in the economic field in the future.

Ah yes, the Chinese government trying to bash Bitcoins. Nothing new in the last few years. Who wouldn't listen for their personal financial decision on the Chinese government :-) they are for sure concerned about the average saver who is looking for a way to achieve financial freedom. I am sorry, but I am not listening to anything regarding finances that comes from a country that controls their currency and doesn't let it trade freely on the market. To me it sounds like China has it's own agenda and would like for investors to buy their digital currency. I will stick with bitcoins and happily will buy more if the price drops lower again.

China spreading FUD indicates they are trying to encourage holders to sell their coins, consequently dumping bitcoin price even more. And why would they be so interested in seeing bitcoin at a cheap price range, since they theoretically have no interest for it at all? It won't be a surprise if China becomes one of the main holders for the next bull season in crypto market.

They say bitcoin is heading to zero, but that's just sour grapes, you know... ;)

I honestly don't know what the Chinese government thinks about bitcoin and what their basic purpose is to spread FUD like that at the same time as bitcoin's crash. I know the most reasonable response would be that they don't like bitcoin and really want to destroy it, but the truth is this community is much stronger than the FUD they spread.

Whether we realize it or not, bitcoin will be much stronger after China spread FUD. But there is always concern in the market as the market is still volatile even if bitcoin tests higher resistance. There's always a possibility for a crash, but I hope that post-crash recovery shouldn't be a fake recovery that just lasts for a while.

This is one of their ways to make a profit :D They have more power when compared to ordinary traders so it's obvious they will use their advantage to their advantage and this is actually the way of all in power with ostensibly warning but in essence is to stab in the back.
Of course with this there will be a few people who believe and panic and this is what they want although I'm just going to laugh at this.

I mean we should believe them, China doesn’t lie about anything at all  :D. It’s funny how they are coming out against bitcoin saying it has no value hey they launched a program for digital yuan, which is their version of cryptocurrency however it’s nothing more than a centralized coin. To say I dislike china overall is an understatement.

There's nothing new with it. China never fails to create the biggest FUD about bitcoin but then again, no matter how hard they'll try, they will never succeed in seeing bitcoin to end up with zero value. Because as long as the people continue to patronize bitcoin and never stop its demand, bitcoin value will always survive even in the deepest bearish market that is going to happen.

The reason is to popularise their digital yuan. Why don't they understand understand digital yuan is nothing more than digitised fiat. Bitcoin is completely different. If Bitcoin is something connected to a product or had something to show it a currency now we could've got more duplicates in the market. Maybe that too can be a reason for the same. :o

Not totally surprising on which china do really loves on declaring out things or something which do really against with Bitcoin.If we do consider on how many times they are really
going against it then we do really have that kind of bad history against in between things and now they are saying about going back or down to zero? Its bullshit.
You are right that they are really that trying out with that shilling out their Digital yuan which the thing you do said is true that they are really just trying it out
to make some recognition but its true that this isnt something different with digital fiat thats why it cant really get that much support that they do expect.

Everything that happens in bitcoin is seasonal. The season of bear and the season of bull. Also the season of FOMO and the season of FUD. Now the season when China will tell us that bitcoin will die. I think this is the season. After this time, during 2024 bull, they will all shut up, after the bull they will come tell us again that bitcoin will die. We understand everything.
Meanwhile China wants to fight bitcoin to death and raise their own finance to manipulate the world, but they won't succeed.

That is the main reason to make digital yuan their preferred currency and they are trying to implement it by force,last year they ban every cryptocurrency mining operation from all the farms that were the biggest amount in the whole world.They,the communist party there are a lot like Putin who want to force everything they think to the local population not caring much what this population wants for themselves.

Also I doubt you are the only one who dislike countries like China and others which are still led by communist parties.

The Chinese government are filled with hypocrites since some of them have actually been dabbling with popular cryptocurrencies like BTC, ETH, Doge etc for sometime now.

The market is usually impacted by their constant FUD to a small extent which is why their words don't really hold much power in the crypto world. They usually have different ulterior motives behind spreading this kind of pointless FUD in my opinion.

They banned BTC mining, GPU mining is still fine, albeit switched to low profile. I'm saying the China govt loves to cause confusion in crypto market to whatever goal behind is mysterious to me. They did seem to hate crypto mining but not completely outlawed all of it. So in this case, they warn that Bitcoin is heading to zero doesn't mean they think it will become zero.

Well, what do we expect from China? Of course, it will never stop from attacking bitcoin especially in this time of uncertainties as people particularly newbies will always believe even in FUDs. Whatever they say, bitcoin is not going to zero value, and its supply and demand has proven it. Although bitcoin never stays with its top price, but it won't settle too in a very low price. I guess those who never understand its volatility will always come out the losers in the end.

China had been a thread to the crypto market from start and I think this needs to stop. Even though the Chinese communist party does not like Bitcoin, then that does not mean that they have to fight against it. Bitcoin is even stronger than the Chinese digital yuan so it looks like the Chinese are fighting indirectly against Bitcoin to make it less value then make their citizens invest more in the Chinese yuan.

Bitcoin is dead for bitcoin antagonists, that is why China takes its part. And even if bitcoin boost its momentum again and skyrocket, China will always hope for the downfall of bitcoin. So its never surprising at all. Its either we believed and get convinced, or ignore the FUDs they have started. After all, bitcoin will always live and survive without China that supports it, as there are more bigger institutional countries that have come to back up bitcoin.

China's policy as a whole is now extremely interesting. I think that in the near future the degree will only heat up more. But for now, all that remains is to wait.

Politicians have always been like that, they complain about tax havens and whenever a list is revealed which exposes the people that are using them to avoid paying their taxes the majority of the people doing that are politicians, so it is not surprising those at the top of the Chinese government are dealing with cryptocurrencies but at the same time they are trying to deny the freedom of their citizens to do so, so it should not be surprising they are saying stuff like this while most likely they are acquiring bitcoin in secret.

Talk about drama, Bitcoin has been volatile all along and that is what drew in a lot of speculators, in turn leading the price to spiral upward at a fast rate. The drop down is equally unexpected but calling it "violent" is a bit over the top. I don't think Bitcoin will ever hit zero, at the very least it will have a residual value out of novelty, but a lot of faith has been lost since the all time high and it's tough to see it getting back up there in the short to medium term. It might be a good thing as new models and better substitutes enter the market, I doubt Satoshi believed that Bitcoin would ever be endless, or that it could not be improved - it was a successful concept model. A lot of money has been flowing very cheap in the last few years and it streamed into crypto, that tap has been turned off quickly with interest rises predicted to go much higher in future.

During the same time period of China warning Bitcoin heading towards zero, Bank of England have made positive statements on bitcoin to be the way to build wealth during the bear market. China is always a separate nation that needs everything within them. Recently they've come up with the digital yuan after the complete ban over the cryptocurrencies. Whenever we take discussion about the negative information spread, taking the positive news published during the same time will let us understand the real market.

That’s not the first time they assume bitcoin that it’s value will drop to zero. Every time the market stays in bad condition, they will always have a say whether bitcoin is dead or the crypto market is over. Unfortunately, only fools and newbies tend to believe their assumption as they will always have banned bitcoin and wish for it to end up in death, but until now bitcoin is still in mainstream. I guess China won’t stop here, the next time bitcoin will be in a worst scenario, China will have to curse it again but then bitcoin recovers again as always.

why does anyone listen to what China says? we need to let them go back to the 50's and wither away with their lies and market manipulation.
They only have an economy because the world sold out to cheap communist labor.

china one of the countries that ban bitcoin they officially announced that bitcoin is banned in their country and the miners all turn off the mining machines but with the news it doesn't affect the whales to invest bitcoin the more news about bitcoin like this the more big whales seem to invest bitcoin.

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

All investors hope so, if China's prediction of Bitcoin comes true, it's a good moment for investors, I'm sure investors are also many of them, Bitcoin to zero, hope for investors.

But whether the Chinese words are true, time will determine the development of Bitcoin in the future.

Bitcoin going to Zero is not something I am thinking will happen even though China is saying so. This might be just the normal grievances that china has with Bitcoin and the general crypto industry however if Bitcoin does go to zero which I will repeat don't think will happen, then there is a problem that means it doesn't cost anything and what will the seller be getting ;D so it can never go to zero unless it is DEAD.

China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.

More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.

But they can influence it to some extent since a lot of BTC miners were Chinese residents or owned by Chinese. Say if one day China considers making those guys fall into the line, to whatever plan they have for BTC. It would cause a huge disturbance in BTC.

China is the most economically advanced country in the world today. Their government has kept the market suppress by providing controversial news on crypto at various times, although it has not been a long-term impact on bitcoin, it takes short time effect. Today, if China is negative, another country will support it. The whole cryptocurrency can be controlled if by one and it is not personal assets. They can do nothing but restrict their citizens strictly. Maybe it's an economic or political war.

I don't think as much as it once did, since most of those farms relocated to other countries.

China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community.

Agreed! Chinese news media is government owned and giving such statements without any concrete reason is not valid.

Maybe those of us who already know the thought tactics made by China may not believe it anymore, but if this news is caught by new traders and new investors, they will surely fall apart again.
The various ways China does to undermine the future of bitcoin they are not the least bit enthusiastic about the state of bitcoin.

They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic

a lot of ppl invested in bitcoin feels that way. but don't get your hopes up too much.. smh

Its been a decade+ which its not something new when it comes to negative sentiments and thrown out words against Bitcoin and for China and if you do have that or been on this market for a while then we do have

history on how much hate does china have with Bitcoin and not surprisingly new about their stance against it but look at on where we are now? We are still standing strong and having low price doesnt signify that it going to die.
We've been here for many times and not something to get shocked nor get surprised.Eventually price will really recover the way it is.

Straight up FUD and bullshit that really fooled no one here, but I'm sure the pundits took this and ran with this as expected, helping get China's message out, which China I'm sure predicted and expected.  However, this announcement by them was quite underwhelming, I'm sure they would love a do-over.

you can only call this as legit if we did not here even before the other recovery that happened in 2017 but we are, that from climbing to 20k down to another  dumping and again increased up to almost 70k.
so how could we believe that stupid idea of bitcoin will heading to zero again.
the intention is indeed BS , spreading this such word will head to nothing but laugher , I have been in this for years and how many thread that runs like this and ending to BS support.

China must have done well with Bitcoin for almost a year now, but that doesn't warrant them to say shitty hell stuff's about Bitcoin.
No need for hype and horn tooting but Bitcoin can not go down to zero not at all.
Bitcoin has to be a bit boring that's the reason why it's a currency isn't that correct ?

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

They are spreading FUD about bitcoin for a very long time now and I'm sure they're the ones who profit most because of FUDS like these. I hope newbies should learn what kind of FUD they will be scared of, FUDs like these are weak. I myself are immune on FUDs relating to china, It's been many years since china is fudding bitcoin. So I think I developed a resistance to their FUDs. The only one who will be worried about FUDs like these are the newbies  who don't know how china doing it till today.

We dont start on being experienced or professional which it is really indeed that the victim of these FUD are the noobs but eventually these people would get experience and later on they would really be

molding themselves to be better and get used to it which means that they will really be able to ignore those fuds been created by China or other countries specially on bear market like this.
We know that they are trying to make the prices as low as possible because they do know that they could really make money when people are scared  or in doubts in the market.
Getting in as low as possible as they could be and these things are normal scenario but once you do have a good grasp to it then its just like an ordinary day.

The Chinese government wants its citizens not to invest in Bitcoin in any way. We know that no government can control cryptocurrency. It is completely decentralized. China may have thought that since there is no other way but to discourage them, especially by providing negative news, using the media. I don't think they will be able to move forward in this way for long. Bitcoin will remain and the world will see its roar again.

Even now the Chinese people are big holders of bitcoin and other cryptocurrencies. Chinese government always want its own things, and maybe that's the reason why China warns it's citizens. When it wants to make something unreal, it uses the power of media. Thats what happening in recent days with more articles creating negative contents relative to cryptocurrency.

In February 2022, a ruling by China’s top court stated that you can attract a hefty penalty and land in jail for over 10 years due to cryptocurrency fundraising, which is now a criminal offence in China, as per a report in South China Morning Post
You can read here :- https://www.indiatimes.com/worth/investment/china-warns-about-bitcoin-heading-towards-zero-573245.html (https://www.indiatimes.com/worth/investment/china-warns-about-bitcoin-heading-towards-zero-573245.html)

It is knows as fud, China has already created so many fuds to manipulate the crypto market for themselves to fill their pockets. Like, their ban on crypto at 2013, 2017, 2019,2020,2021 was all manipulated, and most of the technical analysis considered these news to be good for crypto, whenever these fuds occured their comes shopping opportunity for the manipulators of china or anyone involved,
And all of the above around 65% of total crypto mining machines are made in china, so technically they are earning more than the other world but not doubt their resources had been wasted on mining machines. So to save their energy, they should make some policies instead of banning it,
Well i would say that, their is darkness under the light,
Source of Ban: https://www.coindesk.com/learn/china-crypto-bans-a-complete-history/
Source of percentage: https://www.sunbirddcim.com/infographic/largest-bitcoin-mining-farms-world#:~:text=For%20example%2C%2065%25%20of%20the,effective%20and%20convenient%20to%20deliver.

This game is very clear from the Chinese government, since the Chinese government decided to issue its own digital yuan, it has taken a series of strict measures against Bitcoin and cryptocurrencies, in addition to banning dealing with Bitcoin and cryptocurrencies, the decision to ban mining in China was the most dangerous that caused major problems and a decline Bitcoin at that time, the goal is known, of course, the Chinese government is taking all these strict measures to push its citizens to use its digital currency (digital yuan) and force them to give up Bitcoin, the Chinese government knows that it is not so easy to make its citizens give up Bitcoin so it is conducting a hostile propaganda campaign against Bitcoin to make Citizens are panicking, the decline in the price of Bitcoin now gives a great opportunity for the Chinese government to spread such rumors. But I am sure they will fail in the end.

China may have warned the world but somehow, I have a different mindset. I don’t think that bitcoin will collapse any time soon. All the financial markets are meant to move up and down but it doesn’t mean that any of them will end. Learn to keep patience and not believe all that you read.

LMAO. china is warning  then buying. thats the nature

They were the ones that profit the most? That cant be, I thought they banned btc long time ago? This is the reason why it's easy for them to say those things. They also want to encourage others to do the same but that cant be. Why will we ignore something which we can get a benefit? A fud is a fud, no matter what kinds of it, all of them are still negative and should be ignored as that can affect someone who is so positive towards bitcoins.

This FUD came from a big country so I don't think this is weak. What is weak are those fuds came from a mouth of a random people. No one believes on it even the noobest member of this space.

Cryptocurrency users should get used to the ugly warnings of Chinese Government about cryptocurrency. It's not new, they've been working against the project. Like I'll say, they is no bad publicity, more warning brings publicity to cryptocurrency. Only that some Chinese citizens will listen to their government and drop cryptocurrency. The news won't get across the world and many people who benefits and sights the future of bitcoin will definitely and should ignore the message. I think any news from China should be ignored completely in terms of cryptocurrency.

China will always say negative things about cryptocurrency and that's given since they hate crypto, especially Bitcoin. They have been telling the world that Bitcoin will drop and head to zero but Bitcoin only continuously proving them wrong and is standing firmly. The Chinese government can see that lots of people around the world even their citizens buy it despite the banning so they're spreading FUD and fake news about it. They always hate something that they can't regulate.

like I've said before, no one should care what China says. They are manipulative and have proven it over and over again.
unless you live in China it doesn't matter what they say or do.
Seriously stop buying made in china too.

Speaking with those fuds and shills created by China then i do truly agree with that and specially to those who had been on his market and able to follow on what bullshit things do China keep saying towards Bitcoin.

They had made out that ban specially on mining and overall crypto.
https://fortune.com/2022/01/04/crypto-banned-china-other-countries/
https://forkast.news/china-banned-bitcoin-mining-became-no-2-bitcoin-miner/

But they had made out that digital-yuan which is obviously that they are really just taking the other direction.
They dont like anonymity and decentralized or something that cant be controlled in the first place.  :)