Today's news: Chinese gov restricts Crypto again...

[luxcoin]

Do NOT panic Chinese people!
You already have a solution with SpectreCoin and DeepOnion : these crypto can guarantee your transition privacy behind the Tor protocol because they can support the OBFS4 integration.

Anyway your governments can no longer control you since you are taking care of what you're doing on the web. Always put your privacy in the first field..

Be free. Be safe

[blant]

Looks like whole Asia manipulates crypto market on government levels.

[Makak4R]

why is China so influential on BTC market?
every statement always raises a commotion in the world of crypto

China, as the largest miner, government news will affect miners' decisions. When the country begins to ban it, they will start to be nervous and will sell their coins, thus affecting the market.

It's not even about miners selling mined coins/tokens. People are naturally scared and a bad news about cryptocurrency shakes them so much and they panic leading to a huge sell off. Don't forget that majority of the people in the space are noobs who were only told about the potential profits you can make. They don't know It might goes sideways too.

well, I agree here, quite a lot of newbies came into BTC. They bought it on very high price, like 15-17k usd, some even 19K I guess.
now, they short like 3x times, some even more. And those news from China or Korea or US that governments wants to ban BTC do not give positives, all this stuff just make things worse and the price tends to fall more creates more and more panic on the market.
So of course news that miners can mine some coins and sell them even through great filrewall is a good news, so I think DeepOnion was one of the first coin which integrated new versions of tor, OBFS4 and MEEK, I guess other privacy coins will update the wallets as well and that would be really good news for miners.

[DrYe5]

Governments around the world are beginning to band together to limit the cryptocurrency markets.
I think the cold winter in the cryptocurrency markets has come. All we need to do is to continue to hold bitcoin. In the future, it will give us a satisfactory answer.

The news of China's ban coincided with another downward turn on the market, as currencies wiped out up to 20% of their value overnight. But it is unknown if the measures have a direct effect, or if the drop is related to other factors, such as inertia, or overselling, and a coming bear market.

[frery]

You are right. Governments are beginning to take measures to limit the growth of cryptocurrencies. For example, China, India and a series of bans have caused the price fluctuations of cryptocurrencies. However, many are rumors that they have not completely banned bitcoin. We need to be calm and HODL.

[screwUdriver]

Governments around the world are beginning to band together to limit the cryptocurrency markets.
I think the cold winter in the cryptocurrency markets has come. All we need to do is to continue to hold bitcoin. In the future, it will give us a satisfactory answer.

The news of China's ban coincided with another downward turn on the market, as currencies wiped out up to 20% of their value overnight. But it is unknown if the measures have a direct effect, or if the drop is related to other factors, such as inertia, or overselling, and a coming bear market.

To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs.Chinese buyers yet, with the exception of Binance, who offered to refund a part ICO backers from China in September.

[globalcitizen]

I have always known that one of the biggest enemy of crypto is government and its wicked policies. China has been leading this ban threats since months back and at different points make do their words. I think the Chinese government is not doing its innovative and enterprising citizens any good by banning everything crypto. Same applies to any other country that would want to follow the Chinese footsteps.

[alihassan99]

I have always known that one of the biggest enemy of crypto is government and its wicked policies. China has been leading this ban threats since months back and at different points make do their words. I think the Chinese government is not doing its innovative and enterprising citizens any good by banning everything crypto. Same applies to any other country that would want to follow the Chinese footsteps.

yeah governments are really big enemies of the crypto currencies and banning  crypto currencies in China will surely effect the price. but dont worry chinese friends check here i DeepOnion has latest TOR version, meek integrated and OBSF4. so it can solve the problem for chinese . They can make transactions anonymously and securely 

[MisterLG]

I have always known that one of the biggest enemy of crypto is government and its wicked policies. China has been leading this ban threats since months back and at different points make do their words. I think the Chinese government is not doing its innovative and enterprising citizens any good by banning everything crypto. Same applies to any other country that would want to follow the Chinese footsteps.

yeah governments are really big enemies of the crypto currencies and banning  crypto currencies in China will surely effect the price. but dont worry chinese friends check here i DeepOnion has latest TOR version, meek integrated and OBSF4. so it can solve the problem for chinese . They can make transactions anonymously and securely 

dont forget that DeepOnion also has implemented the latest TOR 0.3.3. Protocol on top of the OBFS4 and Meek integration! Like john Mcafee said yesterday on his twitter; you can ban crypto, but technology will always win! Thats why cryptocurrency will excist forever!

The government is controlling everything, but its time for people to realize that we should not fear and sell, but buy more crypto and fight them!

[btclegionario]

The news of China's ban coincided with another downward turn on the market, as currencies wiped out up to 20% of their value overnight. But it is unknown if the measures have a direct effect, or if the drop is related to other factors, such as inertia, or overselling, and a coming bear market.
font from: https://cryptovest.com/news/china-freezes-all-foreign-crypto-trading/

[AiwonOleh]

In my opinion, these news from the east come not just so exactly so and they want to manipulate the crypto market and why they get them too, let's take a look at what will happen next.

[gayletot]

HOPE THAT IT IS JUST A RUMOR. Although I do not like the china, I have to admit that they are really good in the cryptocurrency and they know how to develop the blockchain, ICO and smart contract. This country born a lot of intelligent people and it will be a waste if they ban bitcoin all over the country. CHina is still one of the most powerful country on this planet

if bitcoin is already in china to remove the area. They find that it does not happen that the whole world will remove the crypto. Maybe it looks like china is wrong in crypto so they can do that. but for me it's one of the easiest ways that we do not have to interfere with the likes of china.

[MV7]

And the market freaks out... again. Seriously, we've all seen this happen so many times now that it is exhausting. China says they will "ban" crypto, then say they will relax regulation, repeat and rinse every time

[parekoy]

There's nothing new about China and this latest anti-blockchain is they're stopping it for the next level.
At first they just don't want crypto-exchange and trades in their own country but after that day their citizens or chinese could still access crypto exchange and trades though their browsers and phones Apps that's why this time Chinese governments put an entire blocking to stop nearly all crypto activities in their country. That's the hard part of being a chinese crypto enthusiasts that they could no longer earn and trade Bitcoin and Altcoins this time unless they're willing to access it through VPN and other proxy services that will allow them to access any websites and other internet services in the world.

[parekoy]

And the market freaks out... again. Seriously, we've all seen this happen so many times now that it is exhausting. China says they will "ban" crypto, then say they will relax regulation, repeat and rinse every time

Well, I don't the Chinese government could stop their citizens into earning and trading cryptocurrencies after they're blocking all the foreign crypto-exchange site and other services because crypto and blockchain cannot be stopped by any governments or states or any organizations or individuals.
I still believe that there are more Chinese crypto whales and investors today and some of them were trying to seek foreign licenses to continue to serve the crypto trading and other crypto related services.

[pesorules]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

I really dont know why the Chinese Government are doing this things, I think they are being greedy on their jurisdiction, they really want to rule the world most especially in terms of money making that is why they are doing this things. Because of this kind of banning in China our industry is much affected that is why we are in the red zone right now, hopefully the values of the coins will soon rise up once again.

[the-doctor]

I am happy not living in China, but in same time I feel for them cause we are all part of the one ecosystem, indirectly it affect us.
Good thing is that privacy coins exist so people can completly anonymously still transact. I use many of them Like Zcash, Monero.. today I read on twitter that Deeponion released security upgraded wallet concerning chineese people directily using TOR EDGE 3.3.0 + OBFS4 + MEEK . I hope this will come very handy for them..

[alihassan99]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

I really dont know why the Chinese Government are doing this things, I think they are being greedy on their jurisdiction, they really want to rule the world most especially in terms of money making that is why they are doing this things. Because of this kind of banning in China our industry is much affected that is why we are in the red zone right now, hopefully the values of the coins will soon rise up once again.

governments dont want the crypto currencies i think they want taxes on this crypto transactions by using banks? according to my point of view i can see more businessmen in this cyrpto currencies to be rich in short time and save themselves from taxes .. But dont worry no one can defeat technology.. one day they will have to accept the crypto currencies.

[Tony116]

It's just another provocation to sell our BTC at lows. I don't believe that the price will drop below 4500 so the final of this tragedy is not so far atm Let's see where will start another surge...

[renes]

Cryptocurrencies will recover but these news make it harder. I think these news are temporary, they are harder than ever I agree, but if you believe in crypto hold it.