Why China is always bad news for bitcoin?

[cybersofts]

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

[Lemer]

This is a stupid country.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.

[Pursuer]

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.

you are right, this does sound funny

I have been using bitcoin for nearly 4 years now and I have checked out some of the history of the previous years such as 2013, 2012 and 2011 and as far as I can tell China was the worst place for bitcoiners.

what country do you think all these years were "banning bitcoin" if not China? LOL
do a little googling and you will find the news of "China banned bitcoin" every couple of months like clockwork.

so I don't know what this period of time that China was "once safe haven" means...

[Envik]

Китaй бopeтcя c кoppyпциeй пoтoмy и зaпpeщaeт биткoин!  Boт в Poccии нaпpимep нe зaпpeщeнo oфициaльнo нa ypoвнe зaкoнa и пoтoмy нaши чинoвники ocвoбoждeны oт yплaты нaлoгoв нa кpиптoвaлютныe иx cчeтa!

[lunaalthea]

Call it bias or not, it is a fact that China is a communist country. Their government want to control everything, facebook and google is not even allowed in that country, and now bitcoin and other cryptocurrencies as well. They only want things that came from them, and things they can control. They want things that will give them benefit. Bitcoin, miners and crypto industry is a threat to them. Let us hope for our brothers there to remain safe and anonymous while engaging in trading and mining.

[ju5510993]

Because BTC brings people wealth, they are afraid of people's wealth.
Also afraid of people transferring wealth, so these are all bitcoins can be done!
Banning BTC can protect their interests! Maintain their rule!

[Boys27]

I got the information from the online media, the miners in china mamang so much that the Chinese government forbids mining because mining uses electricity so the Chinese government prohibits mining bitcoin. mining in china every month can get bitcoin 3-6

[cloudproject]

Call it bias or not, it is a fact that China is a communist country. Their government want to control everything, facebook and google is not even allowed in that country, and now bitcoin and other cryptocurrencies as well. They only want things that came from them, and things they can control. They want things that will give them benefit. Bitcoin, miners and crypto industry is a threat to them. Let us hope for our brothers there to remain safe and anonymous while engaging in trading and mining.

agree with it
bitcoin can make people more wealthier and goverment don't want it because they can't control bitcoin, they can control people with tax but they want a big pot so they can control the whole people, they just avoided a revolt i think

[hahahafr]

You are right at some point, but "stupid country"? Are you aware of that they are almost a World Potency? Of course not.

This is a stupid country.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries

And yes, just like any other big and powerfull country, they are corrupt, they want to make money, and they want to centralize everything.

So why would they enjoy seeing how their population is becoming decentralized? Of course that they will try to regulate bitcoin and cryptos.

[cryptorTUX]

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

Because many people who are in this crypto game comes from them also as I am aware they control the most hashing power because of the low cost of power cost. China is a healthy and good market that's why, look at the volume on their exchanges.

Other than that some people might be afraid that their government don't do things like this and they are uncertain.

[Xester]

I do not know to that country but I always heard that they always banned bitcoin.  Maybe some Chinese are really into bitcoins and they are unstoppable.  Their government always banned bitcoin because it is protecting their personal interest maybe.  And their people are really into bitcoin that is why there is always a need for ban.

[jenpot]

From what you have said that China is the safe haven of Cryptocurrencies, then there is something fishy about it. If they are a strong supporter of Bitcoin and other coins, maybe they have a hidden agenda why they are spreading news like that. What I am thinking is that, they want people to be afraid and pull out their money. So that they can buy it a very much lower price.

[Genemind]

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 really think that China is manipulating bitcoin. They spread news about bitcoin and people start panicking and sell their bitcoin. Bitcoin price goes down, and China buys in cheap bitcoin. So, I think the best thing to do is just to stay calm when everyone else is panicking and buy the dip.

[supermine]

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

China is the land of communist so they can do what they want and never care for the citizen of their country only take care the economy of their government,but still they not yet banned bitcoin or crypto currency usage they just banned ICOs and all trading exchanges.I think still many people uding bitcoins in china or the demand of bitcoin will get worse and price may crash to its worst.
And there is another bad news that they banned miners but I don't know the trueness of that news.They are doing these kind of actions because it cutoff the revenue of their country largely.No one can involve in this matter because China is a powerful country and their decision will be final on anything.

[niisarearning]

Chinese government no more restrict bitcoin august event only proves after China ban for some day bitcoin price gone down then after massive growth it reached . Now also same for some day this news will be there then people forget and start normal trading.

[Visin]

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

You got it twisted, the problem is not China. The problem is that certain people in China are too damn greedy.

[Carlsen]

China was some kind of motor for Bitcoin during the last years.
Unfortunatelly many people in China used it to bring money out of the country, and the government there did not like that.
So chinese government made it harder to work with bitcoin and put up some regulations.
And those regulations the motor, that causes the bad news.

Then you have to keep in mind that in certain time intervalls intentionally rumors were created to bring the price down in order to get cheap coins.
Those rumors work best if they are about troubles in the most important bitcoin country.

[Turkish88]

Maybe Chinas government want income to bitcoin in low price ?
He post bad news then buy bitcoins, market recover, then he sold their btc and post next bad news ))

[SamReomo]

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.

Well, China is still safe for Bitcoin and Bit-coiners, but unfortunately it can be unsafe for them anytime in future. The Chinese government officials might did that to alarm the crypto users that anything could happen in their country.

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.

Yeah, that banning of some well-known cryptocurrency exchanges was a really bad decision by Chinese government as that affected the whole crypto-world to some extent, but I highly doubt that was a drama to make whale investors and holders sell their Bitcoins for cheaper.

Although, I am not really sure that they're good or bad for Bitcoins, but I think that what they did was a really amazing thing at that time, and just because of their ban the Bitcoin's value increased to a new level. It went from $2200 to $18000 under 3 months and many of the investors made huge profits in that period.

[cluelesssoul]

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

Agree with you. For the matter-of-fact most governments ignored crypto till the time they realised it has become unstoppable now. Imagine a wild creature, the more you try to tame it hits back stronger. We all have to closely watch the developments.