Why China is always bad news for bitcoin?

[Risktaker31]

Well because China is a communist country and always want to regulate things on their own , China is one of the major country that adapted the cryptocurrency . Because of its communist country they just want to control how the money comes and goes even on the cryptocurrency market they just want to get a hold of it and give regulations on how to use them for their country men.

[1714921747]

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[Karavadinos]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

Although China has a lot of bitcoin users the government started recently to prepare a barrier for the bitcoin, since this crypto is hard to control and their government dominates everything on internet, they have found a solution to make it down by making it illegal claiming that bitcoin is a fraud and they have already blocked the trading, bitcoin got weakened a lot because of this disruption though, but i believe this problem will be fixed soon.

[rog1121]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

I think china began to acknowledge that there was indeed power and money from cryptocurrency and they wanted to have a facade that they hate it that they did by banning bitcoin and other cryptocurrency in china. However I believe that they have found something or into something and that they would unleash it once its perfected and it would be rivalling that of bitcoin

Yeah I bet the Chinese government themselves is also involved in BTC and other crypto mining operation using cheap electricity farms

[queenhallmark]

Because this is a stupid country, this country has a very serious problem of corruption and corruption.
They will not support cryptocurrencies and bitcoins, which would cause most of their assets to go abroad, which would be troublesome for them to run the country. Anyway, shit China.

I mean if they’re corrupt then the politicians can easily buy some BTC to hide their money so I don’t see a reason why they wont accept it.

[Javanewstar]

Why would China want to curb the development of cryptocurrency markets?
As is known to all, China's corruption problem is quite serious in this country, so they need to ban cryptocurrency, more and more talents by cryptocurrency transfer assets, then the huge loss of foreign exchange, this is the Chinese government is not allowed.

[Adine.lablab]

China always say badnews for bitcoin because there goverment banned bitcoin in their country. China dont trust bitcoin they say that bitcoin is a scam and the goverment of china afraid that they can track their country.they always come up with issues and badnews about bitcoin. China concerned that they really dont trust bitcoin and they manipulate crypto price.

[bodimun2]

China keeps trying to ban bitcoin.

[blockchainwriters]

The main reason why china is bad on bitcoin because Chinese are most intelligent so they dont want Chinese public know easy way of making money through bitcoin than Yuan depreciate so they want to protect newbies entering the market

[HalatSpry]

The main reason why china is bad on bitcoin because Chinese are most intelligent so they dont want Chinese public know easy way of making money through bitcoin than Yuan depreciate so they want to protect newbies entering the market

This is one of many reasons why the Chinese govt don't like Bitcoin. Another one is the same for most 3rd World Countries that ban Bitcoin which is that it can't be taxed. No tax = no govt funds.

[layoutph]

Not all the time but theres are still some good news about crypto in China. How about NEO? Dont be paranoid. By the way I am not a Chinese nor from China lols.

[CloudStrife]

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks

Maybe because they are a communist country... But "always" is a generalization in this case. We know that there are people there that continue to work hard for Bitcoin.

[Sakibhasan.bd]

I am agree to you. Your question is not funny at all..!
You are right that China is always bad news for bitcoin. There are many reason for against of bitcoin on china government. The most reason is tax

[Michaiah]

Some of them are still into bitcoin, China is trying ban BTC on the country but some Chinese citizens are not living on China anymore that unhindered them from that law or rules. Some of them are funder of some alto coins, so it's not bad at all.
China may ban BTC but they can't stop every citizen to be involve on it.

[usekevin]

Some of them are still into bitcoin, China is trying ban BTC on the country but some Chinese citizens are not living on China anymore that unhindered them from that law or rules. Some of them are funder of some alto coins, so it's not bad at all.
China may ban BTC but they can't stop every citizen to be involve on it.

Yes.They can ban bitcoin in their country,but they can't stop the usage of bitcoin in their country. Still now many people are investing in bitcoin from China.After the ban of bitcoin in China,bitcoin reach the value of 19,000.So I think  still Chinese are involved in cryptocurrency trading and investing.The government of china can't control their citizen.

[rappyboy172]

simply because china is a big country, one of the biggest economy in the world, their actions may affect everything, from dollar value, import export company revenues, and all other things. that is how powerful china is, but imagine if china can adapt bitcoin.

[musta5a]

I don't see a way how censorship ran China could be pro crypto currency as they're limiting their citizens to $50k worth max outgoing transactions from China abroad. If they pledge for crypto, they will be never able to control transactions going out of China. It simply doesn't make sense for them to support bitcoin. I wish I was wrong tho

[cryptothreads]

simply because china is a big country, one of the biggest economy in the world, their actions may affect everything, from dollar value, import export company revenues, and all other things. that is how powerful china is, but imagine if china can adapt bitcoin.

China is the most influential country with Crypto because only one bad news is that the market can fall sharply and investors in the country are holding many BTC and if they sell the market will be very chaotic and this will always happen at least 3 times in a month

[Kiweikoo]

During this time many things are banned in China, in the end they make their own. It is not impossible that China wants to create its own cryptocurrency that can be government legality

It is not the thing happening now, from last some couple of years it has been a strategy of Chinese to ban something. They make some notorious news about it, and after much profit and technicalities from it, they call it useless and harmful and then ban.

Same, they did with bitcoins. Chinese are one of the main integrities of bitcoins success that maximum exchanges were working in china.

[oppochain]

During this time many things are banned in China, in the end they make their own. It is not impossible that China wants to create its own cryptocurrency that can be government legality

It is not the thing happening now, from last some couple of years it has been a strategy of Chinese to ban something. They make some notorious news about it, and after much profit and technicalities from it, they call it useless and harmful and then ban.

Same, they did with bitcoins. Chinese are one of the main integrities of bitcoins success that maximum exchanges were working in china.

I think China should take into account that there are too many people. After the introduction of new business, there are bound to be many new challenges. It is also a particularly big challenge to the economic system. Therefore, China did not dare to accept bitcoin while cryptography was not yet ripe .

[hieuho381]

I don't see a way how censorship ran China could be pro crypto currency as they're limiting their citizens to $50k worth max outgoing transactions from China abroad. If they pledge for crypto, they will be never able to control transactions going out of China. It simply doesn't make sense for them to support bitcoin. I wish I was wrong tho

The country with the most bitcoin in the world is China, but most bad news about bitcoin comes from this country. This proves that Chinese speculators, after selling the high volume of bitcoin at high prices, will continue to create bad news to buy bitcoin at very low prices and sell at high prices many times in a year. That is why the bad news about bitcoin comes mostly from China.