Bitcoin Forum

China bans bitcoin again in 2021.
Another fud in the bull run.  >:(

https://i.imgur.com/V3L3E46.png

https://twitter.com/Reuters/status/1394665379616673792

I feel familiar again that the cycle in 2017 is repeating itself. We all understand and we all know that China is doing the same thing when Bitcoin gains popularity, there will be a big drama going on so that the Bitcoin price really hits its bottom. From this I can already guess, that the price of Bitcoin in the future will experience a very great increase and will even reach the latest ATH again.

When China tries to discount the price of Bitcoin, we must be prepared to fill our bag by buying it at a low price.

China and their fud ban of crypto is already growing out of fashion, honestly nobody should take them seriously this time, they are at liberty to do as they please with their free time, only if the btc community can ignore them and carry on with their crypto lives it would have been better, if they can't beat btc then should join already, no need for this cat and mouse game.

If you're averse to FUD, then try to make the title of your topic less misleading and click-bait-y.  Restricting financial institutions from using Bitcoin is not the same as an outright ban.  You need to make that clearer.

additional to your title being the FUD i'm not sure if this even has anything to do with bitcoin. plus i'm not sure if reuters is a reliable source of news when it comes to China and bitcoin. if history is any indication thie is not an actual "law" by the government but it may be some bank making an statement or worse only an employee and they make it into news.

It seems China is so desperate to halt the progress of cryptocurrency.  They know that they will have a hard time stopping a decentralized ecosystem so they are now targeting centralized that uses cryptocurrency as their services/products.  China really never stops messing with the cryptocurrency market, I hope one day that China will gone tired and accept that cryptocurrency is the new trend.

Again?! China done it already before so I dont know what to think. As I can hear people dont belive but lets follow news.

Isn't cryptocurrency already banned in China? I believe they had firstly banned ICOs and then they had issued banking ban on crypto businesses. I may be wrong as well.

I don't know if it is going to impact crypto market in any way, but it is going to impact the miners in China. They will probably find it difficult to convert their mined bitcoin into Cash. Also the administration is very strict, that it is difficult to execute p2p trades as well.

But if it makes the chinese miners to leave the market, that might be great for bitcoin itself. Too much dependency on China may bring ruin on the bitcoin network.

Most likely, thanks to this decision from China, we will most likely enter crypto winter, as it was in 2017. I would really not like to see such failures in bitcoin and, therefore, in the entire cryptocurrency market, there will be an obvious collapse in prices ... It is interesting to start the craftsmen who will bypass this ban in China?

I think this is the best way to go about them, ignore them and the bitcoin community is actually growing to realise this fact about government and antibitcoin decisions from these bodies. I'm very family with the first ban which took this nature of focusing on the institutions (financial institutions) as they are centralised and as such, can be easily controlled. I naturally thought, they would have learned there lessons by now from the effects of the first ban or perhaps, they want to crash capitalise on the chaos started by Elon Musk in the cryptosphere and further crash the price of bitcoin. Sadly, the market can always take care of itself and at the moment, a resistance is being established at $40k.

Not a big deal since they only ban crypto institutions. Those companies can register in other countries to continue operating. China is becoming tough when bitcoin and altcoins gain huge attention but apparently, they do not want to permanent ban digital currency. I guess Chinese investors may bring a lot of money to the economy so they do not want to shut it down

whatever China throws at the media has several other meanings. China is unlikely to let go of something that has the potential to build economic growth in a more advanced direction. Bitcoin has this function, so China deliberately made the news as if they were going to ban Bitcoin mining activities and all transactions related to Bitcoin. but, the fact is why China is the biggest Bitcoin mining country if they end up banning it?

China has always had something to hide in order to trick the bitcoiners, and it is a stale strategy that China is implementing to fulfill its ambition as a superpower that dominates all sectors, let alone the economic sector which is a strong factor in realizing its ambition.

from 2017 China has said to ban bitcoin, and now China says the same thing again about bitcoin ,, they are jealous because bitcoin is increasingly bombarding the market, actually they have been wanting to join bitcoin, and make profit through bitcoin ,, but actually China is prestigious bro ... because he hated bitcoin in the past ... that's why he's always looking for trouble with bitcoin ...

I agree with Doomad. The context is different from banning directly bitcoin usage and stopping financial institutions to intervene in businesses related to bitcoin/crypto.
They did announce that before but it's unclear because mining farms were continuous in their operations despite the said ban years ago.

They didn't even do anything, they simply reminded that their financial services are not allowed to deal with cryptocurrency. Absolutely nothing changed. They did it now because of the crash, in their minds they probably think that they are protecting potential investors from losses.

This doesn't affect mining, so there's no reasons to worry about it at all.

China only banned the financial or payment institution to join crypto, it doesn't mean banning crypto as a whole in China. You must revise your title @virasog, it probably makes people misunderstood, especially for those people who just reply without reading the content carefully. By the way, this kind of issue isn't something so surprising, it is something usual and actually won't give significant impacts on crypto industry. So, nothing to be worried about here, just calm down!!

For years, China has been constantly looking for a way to ban bitcoin. There will even be those who remember, he was constantly manipulating the market with the news about banning bitcoin in the 2017-2018 bull season. When a news headline “China banned bitcoin” was published, the market was going down. I hope they will return from their ban, which is not a good thing for both the market and Chinese investors.

The news, the FUDs never gives us any surprise anymore as we keep hearing this several times. In fact, I was thinking that China is not already a part of crypto development but somehow, we are still affected by them as we know that there are numbers of the crypto mining industry in their country. Neither we don't like this to happen and never cause any downtrend but this is actually the nature of crypto and we can never change this.

agree here. it may mislead to some wrong perspectives and so with different opinions away from the post itself. if some companies are openly stating to accept bitcoin as payment, now, they are making a statement that their financial/payment institutions are banned from doing so.
i guess, it is only a matter of time, before they change their stance here. if they see that btc is gaining strong following from their constituents, they may change again their approach. anyway, this move may contribute in the btc market, but i don't think it will significantly influence the market.

I've been around for a while now and I think China bans Bitcoin three to five times per year ever since 2013 or 2014, I don't know. In this case restricting financial institutions might be a bit different. Would be good to know what exactly they want and what they restrict banks from doing. It is their only way though to stop the progress by attacking centralized institutions. They could also attack the miners but they would harm themselves by doing that as the industry in China around mining is huge.

It seems surprising to me that a big country like China banned bitcoin. China has been making such news about bitcoin for a long time. everyone knows this. and because we know this, I find it difficult to take such news seriously. There is a large mass of miners in China, and it can even be considered the largest mass of miners. Therefore, the possibility that bitcoin will be banned in China does not seem right to me. these could be news stories created to create manipulation.

It is so awful! I don't want that to happen. China banned bitcoin, which had a huge impact on the global bitcoin market. Bitcoin price has plummeted without brakes. Many investors are bankrupt, they are trying to sell their bitcoins as soon as possible. I think bitcoin will have an overcast sky in the near term. You should be careful while investing in bitcoin for the time being.

Another chance to enter the market. Man, this had been going on over and over.
They produce FUD for the buyback and it always works. All we have to do is to ride that wave.

Don't care what China says but I'm buying if ever Bitcoin goes cheap again. Some amount that I could be satisfied with and will be kept for the long run.
How about one more billionaire comes out to say the same thing as Musk said. That could produce a lot of noise and maybe our new buyers can start coming in, especially the real supporters.

other fud, damn those who pretend to support bitcoin...

not long ago we saw the Chinese statement that saw Bitcoin as a future asset, but now they say the opposite again. Chinese and Elon Musk are twins.

I think those whales use this old news to lower the price.

I’m a Chinese. I just hear that China government just ban those financial institutions to use crypto but not individual. This is not a news but an old news. I think those whales use this old news to lower the price and buy more in the dip.

china once again bans bitcoin in 2021. Even though as far as I know, China also wants to make their own digital currency.  This causes the market to fall again, potentially crashing again.  Hopefully there will be no more negative news because it can make bitcoin prices fall again.

They are a hypocritical government because they own a lot of bitcoin and bitcoin mines, they ban it because they want to solo the profits of bitcoin. This ban won't last, they just want to make sure that crypto businesses that are operating in mainland to know who's the boss.

You should read the news,before making mindless low quality posts,just to boost your post count.
China "banned" Bitcoin 4 years ago.They cannot ban Bitcoin twice.This news is just a reminder that Chinese financial institutions cannot get involved into cryptocurrency trading or investments.
We are heading towards a 30K USD Bitcoin price,but that doesn't mean that "many investors are going bankrupt". Smart investors will HODL and wait for the next bull run.

I think this “news” is the rumour from the whales to make people panic and sell the crypto.

everyone panics already when they hear that ban again like it's 2017. the ban that Reuters is saying is just for the financial institutions participating in crypto and it's just for the financial institutions and payment bodies. they ensure members are going to involve in crypto.


this is not new since this is what they also said back 2017. this is close to nothing that should not cause dumps because there are lots of Chinese exchanges already having tons of BTC probably more than what Elon musk has.

https://i.imgur.com/EYtlNK2.png

I lost count on how many times China has tried to ban crypto.  It looks like China has also banned crypto exchanges. The good thing is there are  Dex exchanges available for the Chinese community!

This is so obvious, in my opinion it seems China are just using this time or reason to re enter with a lower price. Its always business matter. Of course they knew that bull season and crypto market still on good mood, and they decided to jump in. Why? Very simple create fud and let the price go down, of course they will wanted to buy a cheap price rather than jump in with an expensive value now.

Michael Saylor is honest and announced they bought at 43k level. But China is not playing fair, needed to exploit the market through banning crypto and probably will unban once they already bought back their bags.

That is why bitcoin continuously drop. Now I figured out the reason why and China's announcement one of the greatest influence of this massive dump. But then again, it will not always the bear market to stay lasts, as long as there are good news that awaits then the bull will gonna beat the bear soon.

This isnt new in cryptocurrency, though the dump is so big and others isnt expecting this but those long term holder like me can still wait until it recovers and goes back to $60k again. Who knows? If China will reconsider and lift this ban in the right time or another country will accept bitcoin's financial payment, it will be a boom for bitcoin  again.

This saga is kind of like when you finish with your partner, and they simply can't get over you, so they keep breaking up with you, only to realize they can't find better. But, in all seriousness China banning Bitcoin has never really effecting the overall adoption of Bitcoin even in China, let alone the rest of the world. I believe, Bitcoin actually gains more traction within China the more they try, and censor it.

I don't think if this news is a reliable one but if its true, China can't really get rid of bitcoin. Even if they keep on banning bitcoin, but they can't control the continuous widespread of the usage of bitcoin online. The more they ban it, the more people will be curious about how amazing bitcoin is.

If this news is made to pull down the price of bitcoin, i think investors will definitely love it because it will open great opportunity to buy more bitcoin that will be added to their portfolio.

They are preparing the platform for their digital yuan.

Maybe this is one reason why bitcoin plunged to the lower price. I guess China plays with fire by saying that because I do not think they are serious about what they say, especially if they really know what benefits they can get from bitcoin. I do not care about what China says about bitcoin, even if China bans bitcoin (again) because people who are the bitcoin user will decide to use bitcoin or leave bitcoin and know what they want to do with bitcoin. But I am still buying more bitcoin when the price is down to have a chance to sell it at a high price later.

we are already in 2021 if something like this can affect the price of bitcoin, so when do we learn from experience ???
This is nothing new in the crypto world, there are influencers who are trying to manipulate the market and some countries are rejecting bitcoin, come on, man, don't let your mental sway because of things like this.

it seems reuter making kinda misleading title but that's what media usually does right? ::) not to mention china banning bitcoin is like de javu, they've done this too much time already that i'm not even curious about the content
of the news. Though I wonder why the market so affected meanwhile back in 2017 the market didn't even stutter at the slightest from this kind of news.



it seems so but even if they ban mining activities and causes 35% of mining power to vanish into thin air i'd be among the other people jumping in and start mining btc for real.

Good to know that we share the same views. I mean China has been fighting its so called "battles" against Bitcoin, and it always loses (in my opinion). Chinese are still adopting the cryptocurrency and they could easily cash this out with no problem. Maybe China is starting to rev up their own digital currency so that it can be introduced as a digital currency now and then cryptocurrency later. Then they be able to pull off something unthinkable, Digital Yuan being king of cryptocurrencies.

It was uncensored news. The cryptocurrency ban happened in China many years ago and that caused the world's largest crypto exchanges like Kucoin, Binance, Bibox, Huobi to leave China. We have seen that in the past.
Router misrepresented the news and that sent the market reeling once again despite a correction from reputable people in the crypto space.

China want to regulate cryptocurrency and that is all. If their intention was to ban cryptocurrency, then they could have shut down all the mining farms in China (which contribute to more than 80% of the mining hash rate). They are perfectly fine with the miners earning revenue by selling the mined coins. The only issue seems to be capital outflows in the form of cryptocurrency. Capital outflow has been an issue for China since long.. but now cryptocurrency has been used for making the transactions more anonymous.

I read the same news in another article which mentioned that the ban is already on place since 2019? I no longer recall with the infinite bans already taking place in China, but Chinese institutions (govs) made a statement about the risk of volatility and loss of money about the already banned cryptocurrencies related activities..
The timing of such move is questionable, they were warning about manipulation while they were involved in it deeply.
I believe such move could be related to their national -not yet launched- crypto coin... make bitcoin and altcoins look bad :-\

China is like a teenager during their period. Ban crypto today, unban it tomorrow. Say it is good for economy, but deny support of cryptocurrency commerce. Claim that all cryptocurrency is useless, yet promote digital yuan. The number of times China bans cryptocurrency soon will be equal to a number of times people consider Bitcoin to be dead. By looking on economy war between China and US, I would laugh if the US bans crypto today, because China would immediately unban it.

China banned restricted bitcoin cryptocurrencies again?

But I thought they had already done that. Oh wait, they did it few times already in the past and now repeating it.
But does it matter ?
No, because despite banning cryptocurrencies in China we had seen a good growth in it in the bull run.
So may be we might face a correction for a long time but after that the bull run shall repeat and break the ATH again.

Anyone else thinks this might be because they're thinking of launching their own digital yuan currency perhaps? I'm sure they are in favor of the development of technology and only want blockchain to better trace money to eliminate competition.

It's also about getting their fair share of how westeners are into black markets in China. Will it resonate on Bitcoin price dropping? I assume because some people might sell because of China.

If you still don't know how hypocritical Chinese government is then you should probably read a lot about their history and the hypocrisies that they committed. I think that this ban is going to be a decisive one because they seem to plan to do a nation wide testing phase for their digital yuan and they don't want any other digital currency to overshadow their financial magnum opus.

Besides the Elon Musk tweet, this is another reason why Bitcoin made another dump after the effect of Musk.
Are you thinking what I'm thinking. That the Communist tried to team up with Elon just to dump Bitcoin and crypto?? Just kidding its just another conspira-shit theory coming from me.

Overall, let the FUD's come again. We are here to buy at the dip :). For those who sold at the peak or near the peak, congrats to you because you can buy again at a lower price. For those who are crying, stop crying accumulate more and hold. Its just a paper loss and history said it all already.

FUD's FUD's everywhere :D. I'm down half in my total portfolio already but still I'm happy because I can buy at a lower price.

"Recently, crypto currency prices have surged and plunged, and speculative cryptocurrency trading has rebounded, gravely jeopardising the protection of people's property and disturbing the normal economic and financial order," they said in a statement.

China has outlawed cryptocurrency exchanges and initial coin offerings, but not cryptocurrency ownership.

China has imposed a ban on Financial institutions and payment businesses have been barred from providing services connected to cryptocurrency transactions, and investors have been warned against engaging in speculative cryptocurrency trading.

It was China's most recent move to stifle a developing digital trading economy. Such institutions, including banks and online payment channels, are prohibited from providing clients with any cryptocurrency-related services under the ban.registration, trading, clearing, and settlement, according to a joint statement released by three industry groups on Tuesday.

How many times has China said about Bitcoin, the technology that is owned by China deserves a thumbs up, economy, development, trade, making fake sun, everything is ok, but, not with Bitcoin, China may be crazy to want to control Bitcoin under its control, considering Bitcoin is not a country or a synovac vaccine that they can trick.

China is indeed insane today saying control Bitcoin tomorrow they are saying something else, seems really desperate to beat the network / technology that is owned by Bitcoin.

I don't understand why we are still listening to anything that is happening in China. This is a country that will use everything they can against something they don't like, and they don't care what can be as long as they can get whatever they want. Yes, I can smell the coming back of 2017 in the cryptocurrency market. Back then, China was too powerful and anything that is negative from China became the impetus for market dump. In the past, we got Jamie Dimon but in the present we got Elon Musk, with some twists. China and Elon are two factors for the decline of Bitcoin and its big dip right now.

These are the movements expected from China. But the latest news was already a news story. So they put fake news on the market and bitcoin hit hard.

Another reason why it's tough for bitcoin to recover quickly, aside from Musk, China also have big impact in terms

of  creating fuds like this. They manage to play with the market and investors from that part of the world are silently

inside this industry and quitely gaining, with such news those people are afraid being haunted by the government

they don't have any other option but to comply.

China has been wanting to fight Bitcoin for a long time but there hasn't been a chance
when Elon musk made a statement about bitcoin that's where china wanted to take the opportunity to make another fud

the fact is the strength of Bitcoin is not weakening despite a lot of fud spreading
be patient, Bitcoin price is currently relatively stable and has the potential to bounce back to $ 60000

You do not need to worry about that. Sooner or later, the crypto market will be back to the last high price and you will have a chance to make a profit. But now, we need to enjoy the bitcoin price moves and I think the bitcoin price will still like this month. We have many chances to see bitcoin prices will increase and it will happen in the future.

China can say anything about bitcoin, including to bans bitcoin again. But bitcoin will not stay at a low price forever, and there will be a time for bitcoin to start a rally to the high price.

Hello everybody. In 2021 they will be banned, in 2022 they will be allowed, it all looks like some kind of joke. How many times has this happened and it is hardly worth taking it seriously. Again, well, the price of Bitcoin will drop for a while - the lower the price of Bitcoin falls, the more you can buy it.

I panicked as I open this thread for me to see that the ban is for financial and payment-related issues at least I am a bit relieved. But I know within me that this will constitute another dip in the prices of Cryptocurrency and another chance created means for people to buy during this period I just hope that history will repeat itself and within some speculated time we will experience another green light than ever before.

How many times China bans Bitcoin?

They've never accepted Bitcoin. LOL, bad FUD.

yes, maybe it is true what you say. the Chinese just wanted to introduce their own currency and wanted to increase its popularity, maybe that was the goal. We all know, from previous years China did prohibit bitcoin transactions, one reason is that virtual currency is difficult to control and easy to become a fraud. but it is not impossible that they want to make their own currency that gets legality from the government. and they dream to be able to compete and beat bitcoin, so they prohibit transactions using bitcoin.

It is truly a FUD.

Just as is, we have the description of it "again".

But the biggest mining facilities can also be found there. That's why it's really a FUD just to make the market affected again. While many are in panic due to the down prices.

The whales are having the silent move in accumulation.

China today is one of the major players not only in the stock market, but also in the cryptocurrency segment. Perhaps it was a "cunning" move by the government, because they were well aware that their actions could weaken the price of bitcoin.

China is already halting crypto market from long period but nothing major effects have been seen.The miners in China are already moving to some other parts due to this but still it contributes major hashrates all over the globe.This time the media has announced that banking institutions have put a ban on crypto related services and who knows Communist Party have tried to give another blow to Market with such FUD as your words.


You can still try it on P2P exchanges and companies can register themselves outside china and continue the operations.You cannot operate thorough Central banks but there are many other options which you can still use for Bitcoin related transactions and no government can stop bitcoin.

We've seen it once and we are seeing it again. China has been always trying to bring down crypto's name and now that they have the upper hand over any other countries as the pandemic keeps on going, they have much higher influence and chances on spreading FUD towards crypto miners and investors. The banning has been the talk of the town also before and afterwards, the bull run started and the market turns red. This maybe a sign of the worst that is yet to come but it is also an indicator that after a few years or months, bitcoin and crypto will soon recover again.

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

Meehn these people have started again ???. Just this morning I was very happy that the price was going up again, now I wonder what it is going to turn to. Bitcoin has been struggling to maintain the above $40,000 price level, and with news like this and that of Elon that has been trending lately, it seems like these people just have plans to end the bull run and bring the price down again.

Well, I am not going to worry too much about that because even if the price should go down it’s going to be a better opportunity for those of us that wants to get back in at a lower price. With the way things has been going, if I find out it is going to crash heavily then I might have to sell and wait for a lower price and invest again.

I agree that this is not a disaster, but rather a time of opportunity. I would like the price to go down for a few more months so the market would get rid of the nervous novice hamsters, we would pick up their sold coins at a low price and then calmly wait for the next market reversal in the direction of a bullish trend. This happened before, I saw it with my own eyes, I sold it then in 2017 at the level of 22 thousand dollars and then bought 13 thousand each. Everything is cool, we are calm, we are waiting. :)

I really don't understand China.  ;D  They are making their own digital currency right now. And this shows clearly that they really don't want to fall behind the other countries in this promising field. But I don't get how they can be fully against cryptocurrencies at the same time.

I think this resembles another manipulation that is designed to change something inside the country and we will not understand its meaning before this happens. Perhaps this is the backdrop for the release of a new currency in China that will be controlled by their central bank. Perhaps this is a way to limit the funding of shadow organizations conducting subversive work within the country. You can make a lot of assumptions, but in fact this is a blow that affected the market, that's all I see so far.

We have to get away with Chinese dependency in mining. In fact crypto should be free from any kind of dependency on any nation. That defeats the purpose of decentralized coins.
China has always manipulate crypto market due to it's dominance in mining BTC.
It's time we move to pos coins from pow.

When I read the news I was like "oh here we go again." Wasn't really surprised with the the news to be honest. Everytime that Bitcoin is having its All the high, China acts like a kid with a lollipop and someone attempts to steal it from him.

This never scared me, I know that Bitcoin isn't favoring China's agenda and that's why they ban it. I heard that they are planning to make digital yuans, and well that's good for them. But they had to know, no cryptocurrency enthusiast would want to help them out during the time.

If they think that they have the power on this side of the industry, I guess they should focus on building their wealth in their country.
And for the Chinese who have their business on this field, please guys you may go somehere offshore to continue your businesses, you will never have bond with your administration. Save your passion, move out and rebuild.

I hardly think the Chinese government will ban bitcoin. They manipulated the market by saying that they would ban bitcoin continuously from the past and caused declines. The same scenario is happening now. a drop after China's news of banning bitcoin. history repeats itself. but I don't understand China's purpose.

They did that in 2015! That's why all exchanges moved away from China because they weren't allowed to trade for fiat.

Financial institutions weren't allowed to work with exchanges for many years. This is just a reminder to them from the government. I don't know what the big deal is. Nothing new.

That is what i did not understand when the market started its major correction yesterday, i was confused and was checking all the telegram channels and news site to understand what is going on to have a major correction and everyone was talking about the ban from China and i was confused as i thought they already banned Bitcoin a few years ago and why would they announce that again.
FUD played a major role and so is the reason the Bitcoin market recovered fast and anyone who invested made a good profit.

Events that repeat themselves after good news will have bad news. As long as I have known bitcoin, it has always existed and I consider it a kitchen ingredient in crypto. Apart from China, this time crypto mega star Elon Musk is willing to make a bet with his big name. With one writing he was able to move the global market.

Then for China they are the biggest country for the crypto industry so their FUD is very influential globally, although I think they will eventually revise the rules that have been made. Both stories are deliberately made to reduce prices, after falling they buy and make good news then the prices fly back high.

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable
China banning bitcoin is not a new thing, that also happened way back in 2017... we move

https://www.bloomberg.com/news/articles/2021-04-07/peter-thiel-calls-bitcoin-a-chinese-financial-weapon-at-virtual-roundtable
https://economictimes.indiatimes.com/news/international/world-news/bitcoin-a-chinese-financial-weapon-says-peter-thiel

Calm down. The bad news will always come out right now or in the future because the crypto world will be full of bad and good news, impacting the market and the price. If the bad news comes out, the price will be down, but that will not always work like that because sometimes, if the bad news comes, the market will not go down instead, calm down and even the market can increase.

If you invest in bitcoin, you need to realize those consequences and the risk because we can not deny that the news will affect the market. Take it easy because bitcoin will increase again in the future, and the bad news will be bad news for those who do not believe in bitcoin.

what you say is something that should be understood and owned by everyone who wants to join crypto. because what you say is true, that even though bad news will always affect the movement of bitcoin but there are times it may not shake bitcoin and keep increasing. So it just depends on the situation and the bad news.

but the most important thing is where there is a good side with this correction, providing an opportunity for those who have not had the opportunity to have bitcoin to have it at the current price drop. because opportunities like this might be hard to find.

always have to believe that bitcoin will be able to get through something like this, because bitcoin is used and able to get back up because there are still many who need bitcoin and will continue to buy and make an attractive investment. what you are saying is the truth that bad news can be bad news for those who do not believe that bitcoin will ever increase again. they will never have another chance like this.

US government banned it  much earlier didn't it? Most crypto exchanges are not supported in the US

What sort of rubbish? When did the Americans banned cryptocurrency? In fact many of the earliest cryptocurrency exchanges are based in the United States. On the other hand, there is a fiat ban on cryptocurrencies in China and direct fiat to cryptocurrency trading is not possible there. And that is the reason why a lot of Chinese users depend upon exchanges in Hong Kong and South Korea. But in the United States, the exchanges don't face any sort of restrictions (in any of the states).

It is unlikely that the Chinese authorities seriously fought with the cryptocurrency and its distribution in the world. Certain restrictions exist for government and especially financial institutions. Citizens still do not have any significant restrictions on the use of cryptocurrency. Restrictions were imposed on the activities of cryptocurrency exchanges in China and the illegal use of cheap electricity when mining bitcoin. Therefore, it is hardly worth saying that the Chinese government intends to ban the circulation of cryptocurrency in the country.

I guess China's banning Bitcoin again is another way of their strategic plans, Bitcoin is gaining popularity among all countries and is gaining their trust and making hit in the market, a lot wealthy people are investing to it and because of these ithas effect on their economic status, I think no matter how strong their restriction is Bitcoin will always find it way.

Indeed. It is a chance for people out there to buy bitcoin at a low price. Although $30k is not cheap for most people but they can still buy bitcoin fraction by fraction. So that can not stop people to buy bitcoin with small money continuously. The correction gives a chance for bitcoin to get more support from the people who bought bitcoin, giving bitcoin more opportunities to increase step by step in the future.

Believing in bitcoin will be necessary if people want to invest in bitcoin and not panic if the price is down like today because bitcoin is not weak as they thought and when the right time comes, bitcoin price will increase and will break the high price.

You are right as US are free to use crypto and they can easily buy crypto using coinbase. I just wonder why binance does not allow US to use their exchange and have a separate US version for US citizens ?

This has happened in the past Chinese government had banned cryptocurrency trading and it did cause a meltdown. People panicked at that time and they have again now. I do know Chinese hash rate is way higher and I think the market might have thought that such step by the Chinese government would hamper Bitcoin mining. That might be the reason for panic selling.

It's really hard to get China about this. It is one of the number one countries which are working to create their own digital currencies. But China is totally against the cryptocurrency market also. It thinks that allowing the cryptocurrency usage would cause yuan to devaluate.

The news has been confirmed, the Chinese government is making laws with miners and that is causing Bitcoin to drop in price. Bitcoin mining factories in Inner Mongolia are subject to government action, they have to move elsewhere for power and permission. We are facing the worst news recently when TESLA stopped accepting Bitcoin due to environmental issues.

We are very confused about the market because the negative news happened after the good news. Whales have been buying into Bitcoin in recent times in large numbers.
Perhaps more time is needed to conclude on the crypto market.

There are several indications of the ban of bitcoin in China. Everything points to Inner Mongolia as cnbc and other media had reported months ago.

If the problem is environmental, Why not work on it?

Mongolia is also accused of falsifying its energy consumption reports. In addition to this, the concern of the financial regulators of the Chinese nation about the high risk implied by the volatility of bitcoin, ethereum, dogecoin, etc., which has been more notable in recent days.

Anyone investing in Bitcoin should believe in the market and even if the price goes down there is no point in panicking because you should be confident that the market would reach those valuation at a later period of time and if you have the bank balance you should average your investment capital if the market goes down.

Since i have seen the market going down multiple times and in the past i was confident about the price recovering but this time around i am not too confident to invest during a correction until the market settles down as the price is really high. Expect more FUD news to come out in the coming days that might pull the market down.

What can we really expect though? Even common applications and social media are banned in China, not to mention something unusual like bitcoin. But maybe since China is really influential in economic, it might affect bitcoin in some way. Of course if China accept cryptocurrency payment, it will be such a huge step and have a lot of benefits for cryptocurrency world. I just hope people won't really get affected by this news and let the market fall again just because of this. We shouldn't repeat the same mistake and do another panic selling that might destroy bitcoin.

This is not a reason for panic, panic is starting from Tesla and a special investigation into the funds and taxes in a most prestigious exchange, China's ban is very difficult to integrate into this process and affects bitcoin as this is relatively old news and everyone has faced it, not too surprised for these changes. Since this news first surfaced, the crypto community has been trying to balance and reduce the influence of China on Bitcoin, a multi-year effort that has had some effect, the ban now only affects China, instead of everyone here

I recall that and there's also panic that happened way back. Knowing that there are investors and miners from
China who are silently making a living using this system,

with them to sell out a huge portions of Bitcoin has been sold around the market bringing more artificial movement as newcomers who
don't understand the game are simply being moved by this incidents.

Keep calm and try to get something good out from this news, there are experienced traders who keeps adding more investment while there are  many
panic sellers out there, knowing that momentum will bounce back in favor of those holders who can wait.

Chinese government is really funny. They banned cryptocurrencies before but stepped back after some time. Now, they are doing it again. What is the purpose of these people in the government really? They are just toying with the industry.

We need to have confidence that Bitcoin will be able to go through something like this because Bitcoin is used and capable of returning. There are still many who necessary Bitcoin and will continue to buy and make a good-looking investment. What you are saying is the reality that bad news can be bad news for those who do not accept it as truth that Bitcoin will ever increase again. They will never have another chance like this. Cheers.  ;)

No surprise to see China banning bitcoin, isn't that happen already before? like in 2017 if I recall it correctly? Not many countries supported bitcoin, many already ban and make bitcoin as something illegal too, china is not the only one. This news will make everyone panic, since China impact is huge. We need to be careful and anticipate the market downfall soon i guess.

I don't really know what we are gonna do with these FUDs. I don't think that it will end at some point. It looks like some people like Elon Musk or governments won't renounce from manipulating the market. But there is this thing that the market is starting to absorb this kind of news much better than before as it continues to grow.

Maybe people involved in bitcoin really trust bitcoin and do not doubt what bitcoin can in the future. But people who are new to bitcoin and lack knowledge about bitcoin will doubt it, especially if the price suddenly getting down deeper, like a few days ago. They can lose their belief in bitcoin and that is why they need to learn more details.

The market will recover at the right time and during this correction moment, we are given a good time to invest in many potential coins. But it needs more research to find a good time to enter the market because the situations are not unpredictable.

China has never taken a favorable view of Bitcoin. The first time they attempted a ban was in 2013, which sent Bitcoin prices crashing back then. And then from time to time, the Chinese government has caused corrections in the cryptocurrency market with their policy changes. But all that said, it is important to note that China hasn't explicitly banned Bitcoin. The ban only covers conversion of Bitcoin to fiat (and vice versa). Chinese nationals are free to do Bitcoin trading using stablecoins.

FUDs won't stop, this will go on forever, like how people still hate their countries even though it is doing good. I don't get the part where it absorbs the news much better because I think people still panic the same as back then.

I think it's more of reserving their own digital coni market more specifically the blockchain based ones, they are rumoured currently developing their own CBDC after all, though I believe that china will eventually lift the ban again, just see the history
of crypto mining crack down in china as well as cryptocurrency banning, in the past there's also crypto mining crack down as well in China but see crypto market still going strong and I think yuan devaluation has little to do with bitcoin.

I am also noticed it many place. This news can effect on bitcoin market. And bitcoin down means other cryptocurrency down. We confirmed it previously, When btc down, other cryptocurrency also down. Don't know what happen. But, i still believing present market. Cause, too much new traders entered in market.

Then they would soon lift out the ban and the price would increase,
I wonder when would they ban it again after they decided to unban it I mean this is getting kinda regular cycle now and maybe later on we would see more country banning it to drive the price lower,
Then when it is recovering and they see that it is working well again they would unban it again to make it fly again and wait for the perfect timing to ban it again.

This is the biggest factor in the decline in bitcoin prices in recent days after previously elon musk made a statement not to accept corporate transactions via bitcoin, hopefully there will be positive news about cryptocurrency so that market conditions will rise again.

Bitcoin has already being effected with the news and seeing this bleeding market is not good for any investors. As well those just in selling mode is not doing any justice to falling prices and more and more positive news now will be required to keep back the momentum upwards and keep rising.

That's not a good news. Market can be down more. Situation of recent market isn't good. This kind of news is not good at all at this time. I think we can take preparation to buy btc in low price. So, We will buy btc at right time. Everything has good and bad side.

They have tightened the regulation because of the Bitcoin bull run that happens. I think it will be too hard to unban bitcoin in china as china's cabinet is cracking down on trading and bitcoin mining cryptocurrency.
Even Weibo already suspended the social media account of Huobi, Binance, and other big crypto exchange. It will be too hard for Chinese people to use Bitcoin now.

The problem is the community is giving too much priority for the news coming out from China in the past and i thought we are well over those period but once again it is said that the Chinese government stance against Bitcoin crashed the market, i am not sure whether those are facts but one thing is certain many liquidated their Bitcoin.

So does that mean they can purchase stablecoins with Fiat, if that is the case then there is literally no issue in purchasing any other cryptocurrency as well.

I think the Chinese government is not serious about banning bitcoin because bitcoin already exists and help their people. The Chinese government has already learned a lot about bitcoin technology, and they want to launch their digital money to compete with the other digital money.

But all in all, we do not know their reason to ban bitcoin, especially if they know the benefits of bitcoin. Hopefully, they will really ban bitcoin.

Information about this continues to be used to scare people, I really believe there is a group of rich people who have the power to manipulate this news. So they can buy coins at a low price.

The crackdown on Bitcoin mining activities in China has been going on for years and I see nothing new. This time the Chinese government only insisted one more time. I think this is not new news and this is just a reason for the big boys in the crypto market to manipulate the market profoundly. Buying cheap Bitcoin happened quickly and there were thousands of Bitcoins moving out of exchanges after Bitcoin dropped to $30,000.

The Chinese government causes a crash in the cryptocurrency market every now and then. And this makes me suspicious. Are they manipulating the market, so that their miners and traders could accumulate cheap coins? Let's not forget the fact that the Chinese Yuan is one of the most manipulated currencies in the world. If the Chinese government can manipulate their national currency, then what stops them from manipulating the cryptocurrency market?

As far as I know, China does not prohibit cryptocurrency, China is fighting fraudsters. They have been struggling with this for several years, just people read the headline, this is Clickbait and people believe in it.

There's no new here, we clearly see how China to ban bitcoin mining way back before and another one is that China also bans bitcoin transactions in their country so this news is nothing new anymore but as we are having this bad news to the crypto industry it also affects on the market situation in which this news goes along with the sudden crash of the market and I think that this is also another factor why the market is currently crashing right now.

Well.. that may be true. I am unable to verify myself, because the statements from the Chinese central bank are not available in English. Anyway, I had my doubt that the market was over-reacting. Because if the Chinese government is serious about banning Bitcoin, then first of all they should close down the giant mining farms that are operating in China. From looking at the mining hash rate, it is clear that most of these mining farms are still operational.

It seems accurate that history doesn't go back a 2nd time with a similar big abattoir in 2018, but the birth of XCH made something of a decision between the larger correction that the  Market makers are consolidating, whales continue to hold over 90 wallets containing over $10k in bitcoins.  It has been reported that there will be big explosions that I have not seen a large enough resistance to wick.

it's strange to me that many people are panic selling after seeing headlines like this. i think china's ban of bitcoin is a good thing, will actually debunk bitcoin's environmental impact argument even more. this dip might be a good thing for the community in a long run, and you know the big whales aren't just gonna sit by and do nothing about it. people are so caught up with the market price and don't even realize that the volume is still going strong. XD

It's true that china ban bitcoin. It's all over the news. China is cracking down on bitcoin mining and trading activities, I guess, to protect their financial system. China has a large bitcoin mining of over 70%, according to the news outlet. I think that's the reason why Bitcoin keeps getting down. Some big crypto exchange that based in china already relocated overseas to avoid this issue.

Just so you know that the media has been putting that news on fiesta for how many years already. They never stop putting that news and whoever funded that really is manipulating the market.
China has banned bitcoin yet there are still a lot of miners that are actively continuing their operations. It's better to hear an actual news coming from a legitimate source in China than of those mainstream US media.

I mean that is just some market manipulation just like what happened in the past, It is already a thing that China does making a lot of bad news about cryptocurrency or bitcoin to manipulate it.

Something like this announcement cannot really ban bitcoin at some point since bitcoin is like the internet and people could still buy it if they do nothing and just announce it.

If they really want to ban it they most likely going to ban the mining in their country as well but since China is one of the tops when it comes to mining cryptocurrency so they will never do that even do they have the power to obviously fully banned it since they get a big amount from it obviously.

I just wrote this in another thread. I also believe they themselves are manipulating the market in order to get more of Bitcoins and Ethereum themselves.
Is it possible to find out where mining takes place by IP address or geolocation? Could they just bluff and claim that mining is banned but mining would still be running in China?

In my opinion, the imminent ban on Bitcoin in the Chinese market this time will not prevent the development of Bitcoin. Now decentralized transactions have become the general trend. China's countermeasures this time may also be a slow-down strategy, of course, it may also be the media's added oil and jealousy. We must seize this opportunity.

Similar bans have appeared in China in the past, but they have little impact. Although the price of Bitcoin has fallen sharply, I still believe that it will rise again. There is no need to panic about this ban. Most people in the market are still optimistic about Bitcoin.

Old users have become accustomed to the panic caused by the Bitcoin crash. We must firmly believe in Bitcoin and don't give it up because of temporary unsatisfactory things.

Bitcoin is not like gold. Gold has practical value endorsement, but Bitcoin does not. If Bitcoin is banned globally, then Bitcoin will eventually die out.

For example, a computer program has been developed to be embedded in all computers for monitoring. This is easy to achieve with current technology, and it is no different from a computer virus.

However, as long as a country recognizes Bitcoin, then Bitcoin has value. Or if a small number of local tyrants recognize Bitcoin, Bitcoin is valuable.

Prohibition does not mean prohibiting possession. If a country bans Bitcoin by legislation, when Bitcoin becomes a global reserve, this country will lose the opportunity.

As a Chinese, the people participating in the crypto market in China are quite panic. They are very worried that their assets will shrink or even return to zero. In fact, the early miners who participated in Bitcoin mining were not too worried about this. The vast majority of people who were worried about policies were newcomers who were just starting to invest in cryptocurrencies. Unfortunately, the vast majority of Chinese people don’t even know who Satoshi Nakamoto is or what decentralization is. They just saw that some people made money by buying Dogecoin, so they joined in. As for the Chinese government, these people losing money in the cryptocurrency field will affect the stability of society. The policy introduced this time is mainly aimed at these new users.

absolutely.
there're some people around me who dumped their cryptocurrencies during during this FUD and lost their faith in crypto coins. I think it a pity coz I'm sure the day will come when they regret for what they are doing now. Bitcoin is undoubtedly unstoppable and factually we are living in a digital world led by Satoshi. those with weak confidence in Bitcoin will be left behind while those strong believers will size the opportunity and become rich. anyway, it's a good thing for poor person like me :D

Old users will not be overly nervous, only those who have a little knowledge of this will panic. Believe in our faith. :D

Similar things have happened before. Perhaps the panic caused by this time is even greater. I personally think that it may be a kind of inducement. The Chinese government may be more careful in thinking and control everything quietly. After all, Chinese miners and cryptocurrency investors The proportion is very large, and the government transfers digital assets to the centralized national reserve through reasonable, legal and compliant means.Just like Ali’s Jack Ma, there has been no news recently. Does Ant Financial have a certain relationship with Antminer?
I don’t know, but I feel that my thinking is right. I will continue to hold various cryptocurrencies.

The cryptocurrency market is a major trend, and the issuance of digital currency is actually an affirmation of Bitcoin. China cannot really get rid of Bitcoin. Even if they continue to ban the use of Bitcoin, they cannot control the continued popularity of online use of Bitcoin.

This is a worrying news for participants in the global cryptocurrency market. The development of Bitcoin is a trend, and it will have a better development only if it is gradually adapted. Now it cannot be completely banned, and it can be properly developed in places with abundant power resources. It is expected that Chinese policy makers can study and learn from international experience on the basis of social and financial stability, and explore an industry path suitable for China's development.

There is some reason for China to do this, but I will always be a loyal believer in Bitcoin. When everything goes down, the important thing is that the Bitcoin market can rise again.

Bitcoin is becoming more and more popular in all countries. Many people are investing in it. People want to invest in Bitcoin instead of panicking when the price drops like today. Then believe that Bitcoin will be necessary. When the time comes, Bitcoin The price will rise and break the high price.

Regarding this matter, objectively speaking, thermal power plants will be shut down, and the corresponding mines will naturally be shut down. Because global carbon emissions are subject to certain restrictions, there is no need to think too much, just keep holding them. May cause price changes, I think it is only temporary

How many times do you need to be affected by this? China has been into this for many times now and if we will be affected then we are nothing to contribute and did not learn anything from there.

China will always make things complicated because they are holding the majority of miners of bitcoin in the world.

This is just the Chinese government reminding investors to pay attention to the risks of investing in cryptocurrencies.

It's still effective for spreading the FUD.  China hasn't even unbanned Bitcoin. BItcoin had been banned in China since 2013 and then they ban it again without even unbanning it in 2017 and then again in 2021 they ban Bitcoin again without telling us that they unbanned it already.

Its really interesting how they come up with carbon emission when it's still US and European countries' carbon emission is higher than China. 

I agree with you. China has ever accepted Bitcoin and cryptocurrency. They made bans a few times with scam ICOs, IEOs, IDOs and how shit newspapers and social media can spread this good attempts, good regulation as the end of cryptocurrency and Bitcoin in China mainland.

If governments control scam good, it will give a cleaner space for cryptocurrency.

It is a good news if China will actually put scammers into the jails. It is positive.

And China has ever banned Bitcoin or cryptocurrency.

it's like happened over and over again, the cycle just goes on and on just like what happened in 2017 happened again in 2021, precisely 4 years periodically. Will we face it again in 2025?. It's not shocking news anyway, cause as we know China always been the biggest country in terms of cryptocurrency users and miners. So it's just natural if the price was affected by China's government policy. I don't know was that a conspiracy, or China government genuinely care about electricity use. However, it's always broke my heart when certain parties always try to tackle crypto bull season.

Yeah.. it is almost like 4 years regular interval. Before 2017, there was another crash in 2013 which resulted from the Chinese central bank closing down some of the cryptocurrency exchanges. But the main issue is with markets over-reacting to any such news coming from China. The real impact on the ground will be very minimal, since most of the Chinese users have already moved to exchanges in South Korea and Hong Kong. On paper, the ban is there, but the authorities are unable to implement it across the country.

This is Fuds.China is the country with the largest contribution to the global Bitcoin digging network.Besides Elon. They are also who manipulating the market.Bullrun season 2017,they also made the same decision to push the market down and now it's repeating itself.

In fact, Bitcoin is not under the control of any organization, country, institution, or company. Its fair, open, and just operating mechanism has gained a world-level consensus. This consensus is by no means a country that can control, or influence, or even It can be said that even if all nodes in a certain country withdraw and all mining machines are shut down, it will not affect the normal operation of the entire Bitcoin system.

this will lead to another big dip in the market today, watching out the effects of what happened 2017 it's really a year of unforgettable for crypto currency. well there is no country or state in control of bitcoin so it's effect will be limited.

China is a very big player on the world stage. i think china is doing this on purpose in order to buy bitcoin. China is one of the significant market manipulators for bitcoin today

I wish there is more integration in the Chinese and English crypto communities. I know that language and Chinese Firewall are obstacles. But it would be very good if the two communities can actually share what's really going on. It would be awesome for crypto space development!

China has been quietly supporting Bitcoin miners for years because they have been talking about banning Bitcoin for years. I remember in 2017 at the G20 summit in Copenhagen, Switzerland, they voted against Bitcoin. By far, Bitcoin miners from China have the largest hash rate in the world. We can ignore the news of FUD and hold Bitcoin to eliminate manipulation. As I said news is not the problem but human psychology and the use of news to destroy the important market. We cannot change that because human psychology does not change in each period.

China has again banned cryptocurrency, They have banned financial and payment institutions from using cryptocurrencies. Although they did not impose any restrictions on mining, their new ban was supposed to bring down the market. But why do I think this ban has not had such a significant impact on the market! ::) I think investors don't care about such bans anymore. China should abandon its stubbornness and embrace cryptocurrency.

I agree with your opinion guys, in my opinion this is all a Chinese game to be able to get big profits, they trick us all by issuing negative tweets, about bitcoin, because this is not the first time they have banned bitcoin in their country, even they have several times. prohibits bitcoin ..

crypto cannot be separated from bad news that comes from social media, no matter how strong it will definitely have an impact, but the impact can be measured because it can be seen from long experience. ban by China is not the only time, so even though there is an impact of correction, it is certainly not as severe as when it first occurred. all ultimately have to learn from old experiences because this kind of impact is certainly not healthy for the development of crypto.

but everyone also has to get used to things like this so as not to interfere with crypto itself, investors also have a lot to learn so that this doesn't become something very serious.
It is clear that if this continues, everything will be disturbed and this will lead to bad directions in the future.

Under the global economic environment where the epidemic is impacting the economy, various industries are facing a reshuffle, eliminating many industries (such as physical education, physical clothing, catering, etc.), and also creating a lot of wealth, such as medical care, online education, Internet live broadcast, etc. Wait". When we find it difficult to make money, we must remember to blindly follow the trend. It is better to take some time to summarize and think about it. In such an environment and situation, where are our opportunities? As China’s real estate has entered a period of rational and rational investment, most people’s assets are locked up by just-needed real estate, and social surplus assets will not easily enter the real estate. Then where will the money go and where will our opportunities be? ? Please calmly think about it. The first thing we can think of is to deposit in the bank. We find that it is not a good place to go, and the interest is not enough for daily expenses. Then I think of buying wealth management products, and I feel that the risks are high, and if I don’t understand it, it’s like being fooled. Then I think of starting a business, such as opening a shop and doing business. I have a good idea, but I can find out what business risk is small, even if I make less money, think about it. After going back, the thinking person will act, and the worrying person will be unwilling to let it go. In fact, no matter what the society is in any age, we only need to learn a little to break into a field of our own, that is, understanding policies, integrating resources, seizing opportunities, having the courage to try, firm conviction, and flexible adjustments! Every industry that comes up in your mind is an opportunity, depending on whether you dare to contribute to it.

There is no shortage of opportunities in the currency circle. What is lacking is finding opportunities. It is often a project and when most people think that it can make money, the project will not make money. For example, the FIL coin, which is relatively popular recently. New highs every day. However, we must put our mindset in this way. We can't talk about getting rich every day. Choosing mining means choosing its stability. You can't pray for a profit of 10% or even 20% a day. This is unrealistic. Investment is a long-term process. Stability is the most fundamental. Otherwise, it is better to increase leverage every day. If you can treat it with a stable mindset, I believe you will become a rational investor. wish you success

In the future world, it will be more and more difficult to earn fast money. I can’t earn money beyond seriousness. I have been engaged in the service of the To B side for so many years. I found that the service cycle of this track is long, but as long as we persist in it for a long time, the future benefits will also be Proportional, don’t just go to others to make money and make it easy. In fact, money is not that easy. If it were that easy, the people at the top of the pyramid would have already started to harvest.

I think this is not new news and this is just a reason for the big boys in the crypto market to manipulate the market profoundly. Not many countries supported bitcoin, many already ban and make bitcoin as something illegal too, china is not the only one. This news will make everyone panic, the number of times China bans cryptocurrency soon will be equal to a number of times people consider Bitcoin to be dead.

China's cold attitude towards cryptocurrencies is actually not just this time. Since 2013, China has actually expressed the view that bitcoin is not a real currency and has prohibited financial and payment institutions from transacting using bitcoin.

China is of the view that bitcoin poses a risk for money laundering. In addition, the bamboo curtain country also assesses that the stability of the financial system can be maintained if the use of the yuan as a legal currency is protected.

And tomorrow they will ban this again and again and more again.

if they really want to ban Bitcoin they will put in Jail those miners in their country in which the biggest in the world.

But they are not doing this right? why? because they need Bitcoin more than what coins they are creating.

This will always affect the market , everytime China making such statement and movement always turns negative but of course for me? this is a good scenario because all the time that they make such statement i come to buy more coins.
because they are the biggest mining country in the world so what would be their main objective having this opinions?
of course to make money in market.

It is also obvious to me that this is a manipulation in order to buy bitcoin at a lower price. In fact, Bitcoin is now recognized by large funds and organizations and its value will grow in the future. Therefore, more and more people want to invest in it. And it is reasonable to buy on the market correction, because the price always rises to its maximums and growing higher.

What is with Reuters these days? Who made them the crypto/Bitcoin experts? Don't read its coin-related articles--they are just trying to sell ads/subscriptions.

There's no news in the mainstream that confirms about this fud only those paid article creators release this so we should not believe on such words since I don't believe that china will crack down bitcoins since its a multi million 8f not billion dollars industry.

But since the market is now back in shape its better to buy again and hold for long term.

Major stock markets impose a ban on China. I think China will give up this step. After all, the dollar coming to the country from abroad is valuable for every country. So this is a temporary decision and I think this decision will be canceled.

when bitcoin price reach high, than China will ban, like before. not only bitcoin, but the other coin get effect from this one. some people will use it as a big chance, while the other start regret.
we never know about basic strategy, why they ban it, to drop it price than buy it? or other think? never know if maybe that country already lead some step ahead us

Unfortunately, we are now hostage to the situation. It remains to be hoped that in the near future, in addition to China, there will be many other investors from other countries who will replace this terrible China.

I think from some bad news and news that is made out of reality is a planned activity. If you look at some period ago news like this appeared after bitcoin and altcoin prices soared. So for my friends, I think there is no need to panic this is a recurring activity.

Sometimes I dont believe anymore in the news. imagine China bans Bitcoin for 3-5times. Whats the truth.

what you are saying is the fact that this has happened and news like this has happened several times and has not seen a significant impact on miners in china until now and is still running as usual.

Everyone also knows that China is the largest mining center in the world. What if they ban it will certainly have an impact on the economy there too. what they are more afraid of is moving to a neighboring country that might be able to accommodate what they want.

Look the News Says "China Bans Bitcoin again"... Wait for another month.. News will said it again: China Bans Bitcoin. , wait for another few months.. You will see this News every time. I though they banned Bitcoin last 2016? They are fooling people.

Maybe this time China banned Bitcoin for real. Today they launched a batch of the most influential crypto-related Weibo accounts. This will likely reduce the motivation of Chinese people to invest in Bitcoin in the future. Today we recorded a drop in the price of Bitcoin, possibly because of this news.


https://coingape.com/breaking-chinas-twitter-weibo-bans-large-number-crypto-accounts/

China recently warned people about cryptocurrency investments. Then, does it mean that they haven't banned them actually? If it does, why did they manipulate the market? I'd like to repeat it again that I really don't understand the government of this country.  ;D

Funny thing is that we don’t even know who to blame on this issue any longer, some people have been blaming it on Elon for likely selling his Bitcoins. But at then same time there is doge coin that he has been supporting which had also crashed alongside bitcoin by over 20%.. Anyways like a lot of people have said here, it’s not like all these things were never going to happen, they happened before and since this market is a volatile market it was sure to repeat itself.

I just don’t get why these people are always doing this kind of thing, is it that they are confused or what? They will ban Bitcoin and then later they will say that it is no longer banned and is now legal, only to come back and place a ban on it again,? That’s really bad.

Playing is what they've called it up, they are riding with the popularities and they've wanted to have an edge over those people who are already involved to this market,

It's bad to see that those people who once loves bitcoin are now calling their support out because of certain situation like this, we have to
admit that in this volatile market timing is very important.

Not always you'll going to see that your investment will continue to win over the trend, there's time and situation that change the direction and have a huge impact to the industry, some example are China and Musk.

This kind of sentiment is frequently happen. Sometimes I feel that it was made on purpose. Actually I also pay attention to the other news that not related to cryptocurrency such as trade war between US and China, pandemic and etc. Which in turn it has a positive impact to Gold market, Stocks market, bitcoin market and etc. So sometimes I think that the investors capital is move around those market. Anyway that is just my imagination. In dealing with China ban Bitcoin, I think what we only need to do is keep believe that bitcoin will be more popular because it has more advantage than fiat and other digital payment method. Just hold Bitcoin for long term, many people become richer only because holding bitcoin for long term. But since I also trying to do trading then I prefer like to follow the market trend, by this way I earned enough profit from trading.

The price of bitcoin is still shrinking up, falling more than 11% after China redoubled efforts to prevent speculative and financial risks by cracking down on mining and trading of the cryptocurrency. China's Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as an asset that needs to be further regulated. Since hitting an all-time high of $65,000 in mid-April, bitcoin has fallen about 45%. In fact, the price has dropped about 28% so far this week.

China's statement is very risky and this is the umpteenth time, which tightens the ban on banks and payment companies providing crypto-related services so that the reason is China's efforts to eradicate speculation and fraud in virtual currencies but why is all happening when bitcoin reaches such a high level as in the previous 2017-2018; is there some other reason..!?

I don’t think you need to panic. As early as a few years ago, China banned Bitcoin mining and issued other token projects, but they only had a short-term impact on Bitcoin, but soon btc It has returned to its original position, and this time just banned the mining of Bitcoin, which does not mean that the transaction is banned.

This becomes the beginning of a long correction. Actually I was surprised by this, when china bans crypto it happened in the year before it, 2018 also happened but why now they remain panicked? Everyone should have experienced this and stayed relaxed about it, I believe it. There's no need to be very afraid to deal with that. The market will recover soon.

Exactly, people always find this news too concerning when in the grand scale of things, it doesn't have any sort of long lasting effect plus bitcoin mining will just be moved to other countries if the ban is a permanent one.

It has a long-lasting effect. The last bear market took almost 3 years before it rises again, it affected the lives of those who lose money. The effect today isn't very dreadful since BTC still is more than $35k but if it goes below $20k it will be horrifying to all. Luciky other fuds are already handled. Google even allows cryptocurrency ads unlike before when they all together ban including twitter and facebook along with the bear market.

I believe that will be a better option for Bitcoin so that we don't continue to get into this position of thinking the market will crash reacting to such kind of news from China. We really need diversification in this part of the Bitcoin ecosystem so that one country doesn't believe they control mining.   

It is in the bear market after the 2016-2017 bull market. We are in the 2020-2021 bull market and will not see another 3 years for this bear. It is a temp bear market before a new run for bull.

China bans and cancel bans multiple times.

If you don't see fud that dumps the price, you will not see positive news to bring the price up.

Bad news and fud from China make Bitcoin crashed and in the future good news from China will help Bitcoin to recover. Stay tuned for good news.

China is closed economy for the world but china want to do business in every country of the world. China controls the crypto market and its funny that they have banned crypto in their own country. Nonetheless take this as buying opportunity. Remember 2017 DIP? BTC went up to its ATH after that in Dec 2019.

For those who went in at over $60k it still feels bad. Ok it is not as hard as we have seen during the last bear market, but the risk that Bitcoin does not recover fully increases with its rising price. When it was $20k and fell to $5k I still saw a good chance for it to make a come back, but the real question is where is a potential limit for that asset? If we compare it with gold chances are still good it will go way beyond $65k, but we might be talking years again.

They need to come up with some new idea and new fud to bring the bitcoin price down. We are tired hearing the same fud of china ban bitcoin over and over again. The holders will never sell bitcoin because of these fuds but there are many new investors in bitcoin who always panic on such news.

In some countries there is no law on bitcoin while in many countries bitcoin transactions are legal. But regulators economists and other stakeholders around the world have warned that investing in cryptocurrencies is risky as their prices rise and fall sharply china usually wants everything under their control china noted that crypto transactions are not protected by law meaning money investors are liable for any crypto losses. The crypto exchange service with fiat yuan and foreign currency remains illegal in china.

I don't know how many times i read this news, i think almost every year i seeing news about China bans bitcoin.

Even tough china keep doing this, i think at the end they still can't stop bitcoin to growth.

If we had listened to the economists, the we would have never become rich. I am hearing this from 2013 onward. Various economists have termed Bitcoin as a scam and have issued multiple warnings against investing in them. And still, during this period, the exchange rate increased from $10 to $40,000. Bitcoin has provided more returns than any other asset during the 2013-21 period. Economists will always side with fiat assets and there is no point in listening to their advice, unless they take a more neutral view about Bitcoin.

China ban in bitcoin, this is bad news from china country because bitcoin is decentralised currency nothing happen with ban and nobody control bitcoin. bitcoin is king of cryptocurrency.

I think China failed to stop the growth of bitcoin, because they have been frustrated with stopping bitcoin, because the evidence is that China always says ban bitcoin every year, and every year strongly opposes bitcoin, but the results are always nil, do you think China's next step is to stop bitcoin??? I think if China has not been able to control bitcoin, I think next month they will also say the same thing..

I don't think you can compare this ban with previous ones. I remember when China banned Bitcoin a few years ago, the price plummeted massively. At that time, the ban did not last long, by the way, because the Chinese also realized that they can't do that so easily. Today, the ban has only had a minor impact. That also shows how the factors are shifting. A tweet from Elon Musk about Bitcoin has much more influence nowadays.

China banned bitcoin because they were very afraid of being rivaled by several countries that had started to acquire bitcoin as a legal medium of exchange. Because China was the holder of the largest economy in the world. Therefore, they banned the circulation of coin bits in their country. the bitcoin.they will slowly be eliminated as the country's largest economic ruler

China banned Bitcoin so often, I personally believe that China and the government in specific has much more Bitcoin than many people want to believe. Getting a huge position in Bitcoin was pocket money for them and maybe they want to hide a majority stake by repeatedly behaving as if they were against it. They may even be against it and purely keep it as a hidden reserve against the world just in case. They still will prefer their transparent systems where they can track everyone down.

The fact that China banned BTC not only this year but also many years ago, it seems that China really wants to control the price of BTC and dominate it, because most of the amount of BTC is mined in China, so the control price or FUD BTC both start from China.

It is true that China has banned Bitcoin several times, and if this year China plans to ban Bitcoin again, it is not surprising. There are many reasons
why China did this, but the reasons you mentioned are quite reasonable, it is possible that China has a large amount of Bitcoin. Moreover, China is
known to be the country that is most obsessed with money, therefore China has always tried to dominate the world economy. And China seems to
see Bitcoin as an opportunity to get big profits in the future, so China always spreads FUD so that Bitcoin prices fall. Then they can buy Bitcoin at
a low price, anything is possible. My advice is not to be influenced by news related to China banned Bitcoin, it's an old method used by
the Chinese government, to crash the crypto market.

It's not a new thing if China again prohibits the implementation of bitcoin in 2021, because this has happened in the previous years. And this has absolutely no effect on the bitcoin stock itself. Because they feel desperate for the progress of the crypto emergency. Moreover, China is a as the country with the largest economic progress in the world. So it is only natural for them to be afraid of being rivaled in terms of economy

I am certainly not concerned about news from China and at this point also not about whether they hold a lot of Bitcoin. If think if they did we would never find out anyway. However, an interesting thought experiment would be if Bitcoin arrives at $10 trillion and China leaks that they own 70% of it, what would that do to the value of Bitcoin at that point and could it do anything to the value of Bitcoin because they could still manipulate it anyway they want. If by then Bitcoin has been legalized all over the place, what would happen? It is difficult to analyze because saying Bitcoin drops to zero doesn't make sense as the other 30% could now either lose everything they have in Bitcoin or just accept that it is controlled by China anyway.

This isn't the first time china is placing a ban on crypto, there are only causing a FUD in the crypto space in order to drag priceses very low, and i think there have a plan for doing this, but so bad the FUD there shared affected the market price so bad that we saw this low prices which is still down till now and this is because many people panicked sold. There are actually good news of adoption coming in and with this i think the prices of bitcoin will start laughing upwards

how many times has china spread fud, but only how many times will bitcoin go down, and why is it that at this time when bitcoin is bullrun it spreads fud, the party just started and they spread rumors again

As Bitcoin is decentralised, so it’s cannot be regulated by the government .
Though China bans it, but the Chinese people will still use it.
Yes the only thing affecting right now is that, the ban leads to decrease in prices of the coin.
But this is only a hint of the upcoming PUMP.
Let’s be ready to sell our Bitcoins now at higher prices than ATH.

This is what causes many people to panic until the downtrend that has occurred has become a threat for some people. I just hope things get better soon from whatever happens to the crypto world related to countries or governments and hopefully bitcoin will remain in its popularity so that it can make more many people believe it again.

At least now some of the users have realized that all of this is not entirely a coincidence. Chinese government is trying to manipulate the cryptocurrency market, similar to the way they manipulate each and every financial institution in their country. However this time they are facing some backlash. Some of the miners have already shifted their mining operations to Kazakhstan and some of the other neighboring nations. If the trend continues, then we will see the overall influence of China in the cryptocurrency market decreasing in next 2-3 years.

No worries. China will ban bitcoin in 2022 also and this will continue until there is volatility in the market. Manipulators make big money in this market and china is one of the biggest manipulator of bitcoin.

China is an expert in imitation of all kinds, but in crypto they are losing out on imitation.  And it seems that China is desperate to stop the advance of cryptocurrencies.  They know that they will have a hard time stopping decentralized ecosystems so they are now targeting centralized ones who use cryptocurrencies as their service/product.  China really never stops playing around with the cryptocurrency market, and someday China will succumb to cryptocurrenty too, hopefully China quickly accepts the reality in the coin field.

Precisely, it is necessary to distinguish whether we are in a disadvantage or neutral to make more decisions, every correct and timely decision, it will break the link between us and the negative, help us cancel the damage from bad news and increase the chance. In the long term, bitcoin will still have a recovery, China is just a very brief pause and after a stable arrangement, bitcoin will continue its predetermined journey, today's price chart shows the first reversal, can see the ban from China has been disabled

They imposed it and it was their mistake. XCH has been mined, they will realize what they have and what they have lost. The anchors in bitcoin mining are separated and removed from China, the loss belongs to them. It has gone through the Carbon section which it deserves to consider in terms of renewable energy. But no, that was their plot. Bitcoin will go up soon before China realizes its big mistake. Pray God.
China has weakened in the bitcoin market.

China appears very two-faced when it comes to Bitcoin.  China has banned Bitcoin dozens of time.

2013: Crackdown on Banks and Payment Processors

2017: Closure of Local Exchanges

2019: A Warning to Miners

at the same time while china bans Bitcoin . China hosts the majority of Bitcoin hash rate — around 65% . Heck of a ban. China is good at banning things. If it wants something banned it would not still hold 65% of hash rate




https://i.imgur.com/G882dNW.gif