Reports of China Banning Bitcoin Are Greatly Exaggerated

[pooya87]

I think that is just a rumor or fake news to me. The truth is.. bitcoin is really in demand there. Or its just their marketing strategy. They make bitcoin owners there to panic sell their holding. They do this to make the bitcoin drop its price to make it more affordable to them.

it was mostly fake news.
because at that time they needed to push the price down a little to test the resistance and buy some cheap coins before the big rise happens and now we see the big rise after that fake news.

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[valley365]

If China really ban bitcoin, it will be a disaster for bitcoin. This is not impossible as Chinese government does not follow any predefined rules. As long as bitcoin does not affect their economy, they will be OK.

[Juggy777]

On November 3 the Bitcoin price took a dive from a high of US$745 to a low of $675 with news of China circling the internet. A so-called report from the publication Bloomberg had other media outlets assume that China was planning on curbing Bitcoin use in the near future. However, the reports have remained unconfirmed, and many believe the headline was fictitious.

https://news.bitcoin.com/reports-china-bitcoin-exaggerated/

I wonder which fool actually believed it. All those who deal in Bitcoin will know it that it won't ever happen. This work is of the people who are scared of Bitcoin and thier power. China won't ever do this shit. A advice don't believe everything media shows us, it's paid to promote fear. So I only will believe this is if some some Sr or legendary member would have said it. So in short China and Bitcoin lover affair is not getting over soon.

[Xester]

On November 3 the Bitcoin price took a dive from a high of US$745 to a low of $675 with news of China circling the internet. A so-called report from the publication Bloomberg had other media outlets assume that China was planning on curbing Bitcoin use in the near future. However, the reports have remained unconfirmed, and many believe the headline was fictitious.

https://news.bitcoin.com/reports-china-bitcoin-exaggerated/

I wonder which fool actually believed it. All those who deal in Bitcoin will know it that it won't ever happen. This work is of the people who are scared of Bitcoin and thier power. China won't ever do this shit. A advice don't believe everything media shows us, it's paid to promote fear. So I only will believe this is if some some Sr or legendary member would have said it. So in short China and Bitcoin lover affair is not getting over soon.

China is a country of business minded people. They of all person prioritize income and profit before doing something. With regards to bitcoin, China having to own a biggest hold of bitcoins volume would not do this. Bitcoin is one stepping stone for China to step up in the economic system. If bitcoin where to be the universal legal tender then CHina will be at the top of the world's economic system.

[davis196]

On November 3 the Bitcoin price took a dive from a high of US$745 to a low of $675 with news of China circling the internet. A so-called report from the publication Bloomberg had other media outlets assume that China was planning on curbing Bitcoin use in the near future. However, the reports have remained unconfirmed, and many believe the headline was fictitious.

https://news.bitcoin.com/reports-china-bitcoin-exaggerated/

It doesn`t make any sense for China to ban bitcoin.

China controls bitcoin,why would they ban it.

Merry Christmas,by the way

[Searing]

They could make a lot of noise and try to ban it w/o a lot of result. This would be enough FUD imho to maybe dump the price for a bit say, down to 500 bucks for BTC again.

But on the flip side in say a month or so ...w/o a lot to show for it ..people would just carry on,  in my likely clueless viewpoint.

Now if they suddenly went all 'cultural revolution' and banned 'crypto POW mining of sha-256 btc and scrypt...well that would be a whole nother thing like the 'death star'

is parked in orbit kinda scenario.

The key is MORE adoption worldwide! Less reliance on China masses!



But the ways of China Politics are a mystery to me.

Always remember it is a Communist Country playing at being a Capitalist Country..they will tank the economy and

many other things imho to keep power.....just saying..in the west a well running capitalistic society is needed for stable domestic politics, in China

capitalism is just a tool imho

[sadiq basha]

Such rumours are spread targeting new traders who are mostly panic sellers, Big whales benefit a lot by spreading such rumours.