Does China FUD matter anymore?

[carlisle1]

Based on the following, I'm assuming the so-called continued crackdown on crypto in China is becoming less and less relevant if users are merely moving away from Chinese exchanges. Anyone have more understanding of this? It also seems that China changes it's mind so often that almost nothing legally sticks in the end anyway.

Bitcoin flows to Binance from Huobi reached an all-time high since the Huobi chief operating officer, Robin Zhu, allegedly went missing on Nov. 2. According to data provided by CryptoQuant, a total number of 18,652 bitcoin, worth nearly $300 million, was transferred from Huobi to Binance from that day until Nov. 11.

Source: https://www.coindesk.com/china-exchanges-crackdown-binance-huobi-okex

Fud now becomes no impact little by little because this community are learning and since FUD from the past makes the market shaking and fell badly,now those are just a hearsay and no impact at all.

We are more mature now.

I still remember the "China FUD" in the past, it used to be one of the worst types of FUD I thought. Now it just reads like old news going round in a circle again.

Actually when I was new here?i am always being affected of those Fud and instead of Holding I am forced to withdraw not knowing that Whales are just manipulating the system.

[bryant.coleman]

And they have introduce digital Yuan to boot.

I think what they wanted against bitcoin is the 'capital flight', because we all know that with bitcoin and crypto, you can simply hedge your wealth to it, put in your hardware wallet and exchange outside of the country.

That's why they really attack bitcoin and make a hard line stance, threatening to ban bitcoin mining, ban ICO's imposed fees on bitcoin exchanges in 2017. But even after that although it has created a big impact on the price back then. But right now a news coming from China doesn't have 'jolt' anymore.

If they want to stop the capital flight, then they need to stop manipulating their stock market and the national currency. Forcing the citizens to make investments in overpriced assets is not going to work. Thousands of Chinese investors are renouncing their passports and migrating to Western nations every year. Their stupid anti-Bitcoin policies will worsen this situation even further.