Disturbing

[samcrypto]

It's kinda disturbing how every major overhaul is a result (Probably) of China's action towards the crypto space. Last time when BTC jumped from 7.3k to 10k, there were talks that it was China's announcement regarding their choice to concentrate on developing blockchain technology. We've seen the gradual stabilization of 10k to 9k then dropping down to a bull run of 8k and at the moment, 7.1k. The progress from 9k - 8.1k took a few weeks to say the least, and yet, BTC suddenly took a drop from 8k - 7.1k, ever so closing into the 6k mark.

And at this point in time did China announce that they are vowing to ban all local crypto exchange inside their country. This isn't a result of them having majority of their local market for the crypto, but a genuine ban on it and instead said that they would focus more on blockchain technology instead.

source: https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

Maybe planning to gave a centralized exchange where crypto users only deal with the government crypto exchange and it looks like they are moving on it right now. Chinese people should be aware on this and save their bitcoin or any altcoins before its too late, people are panicking again and the recent scam on Korean crypto exchange add the new spiced on this dump, a timely incident and a suspicious one.

[BitcoinHunt3r]

It already happened so many times and almost like China control bitcoin price. If you see some event in past, maybe Chinese Market usually be lead of another exchanges. I mean athough now the news that comes from China about cryptocurrency or maybe blockchain not really affect to the price, but sometimes people still believe it is very influential because of several events in the past.

[Oasisman]

It already happened so many times and almost like China control bitcoin price.

How can you say China is controlling the price when they don't show interest to use Bitcoin in the first place?
If you think the price surged just because of the news from the Chinese leader showing interest in blockchain, then think again.
There must be something else that influence the sentiments in the market rather than just the Chinese news alone.

[Pamadar]

It already happened so many times and almost like China control bitcoin price. If you see some event in past, maybe Chinese Market usually be lead of another exchanges. I mean athough now the news that comes from China about cryptocurrency or maybe blockchain not really affect to the price, but sometimes people still believe it is very influential because of several events in the past.

Indeed, it happened before when  there's news from china both good and bad there's following effects to the market. Speculators mostly followed
how the market moves then holders who doesn't have any knowledge about market movements never hesitate to quickly jumped into conclusions.
With this volatile conditions inside the market, every news impacted to the whole industry, investors keeps finding reasons to follow up their assessment and decisions.

[karanggatak]

yes you are right op all the policies adopted by the Chinese government regarding cryptocurrency always have an impact on the crypto market. because we know that the biggest crypto traders and miners are from China. and China is also included in a strong country whose decisions can affect the world economy. yesterday when China and the United States conducted a trade war the state of the world economy became weak and caused several countries to experience a recession.

[piebeyb]

China has always been the ingredient to be the most frightening FUD news site, but does everyone here think that this often happens before and doesn't have a positive or even negative effect, many news sites do that because they see a trend when they go up they make positive news when they reach the downward trend they make negative and manipulating news, but I am a lazy person who reads news about any bitcoin out there, just focusing on analyzing charts and any news that comes from China is totally unobtrusive, in my opinion the best thing to invest in bitcoin is the long term

[AliMan]

It already happened so many times and almost like China control bitcoin price. If you see some event in past, maybe Chinese Market usually be lead of another exchanges. I mean athough now the news that comes from China about cryptocurrency or maybe blockchain not really affect to the price, but sometimes people still believe it is very influential because of several events in the past.

Many people only believed what they've seen and hear at internet, and don't look into more developments on some aspects like positive news on bitcoin. We're only too focus with negative sides, that's why we fell with different struggling situation which isn't supposed to be happening. Their decisions always depends on what perspectives, and not from confirmed proof of evidences.

[CryptoBry]

The problem is not really China but it is the market that is reacting to anything that China is playfully spewing to all willing to consume them. The latest debacle is so 2017 and I thought that two years can be enough for us to learn that China is not for Bitcoin and Bitcoin is not for China. Until we learned that big lesson well then China will continue to be exerting a lot of force on us which is really unnecessary. Can Bitcoin grow without China? The honest answer to that question can determine the future of Bitcoin.

[Yamifoud]

The problem is not really China but it is the market that is reacting to anything that China is playfully spewing to all willing to consume them. The latest debacle is so 2017 and I thought that two years can be enough for us to learn that China is not for Bitcoin and Bitcoin is not for China. Until we learned that big lesson well then China will continue to be exerting a lot of force on us which is really unnecessary. Can Bitcoin grow without China? The honest answer to that question can determine the future of Bitcoin.

Truly Bitcoin doesn't have a future in China and vice versa. It is only China never looks Bitcoin of its purpose but instead of seeing it as crap. I don't think what really China wants for Bitcoin and what actually the leaders saw about. Not to condemn them for the reason of this fall cause they are not the only ones holding it but because of the spread of FUDs, China makes the center of the issue.

[Hippocrypto]

The problem is not really China but it is the market that is reacting to anything that China is playfully spewing to all willing to consume them. The latest debacle is so 2017 and I thought that two years can be enough for us to learn that China is not for Bitcoin and Bitcoin is not for China. Until we learned that big lesson well then China will continue to be exerting a lot of force on us which is really unnecessary. Can Bitcoin grow without China? The honest answer to that question can determine the future of Bitcoin.

Honestly, bitcoin has been sustaining so many years even without China in the first place. Nowadays, they've been doing more ways to be part of bitcoin even though it's hard to fulfill while the market was still struggling. Don't focus too much for China, because they don't own bitcoin and this is only owned by people who truly believes the huge potential it has.

[marcous]

Any news is essentially FUD. currently, It's not strange about the pros and cons of Bitcoin. which the government of the country that only adopted Blockchain technology but won't legalize crypto. This should not have much impact on the price of Bitcoin.

[carlfebz2]

China has always been the ingredient to be the most frightening FUD news site, but does everyone here think that this often happens before and doesn't have a positive or even negative effect, many news sites do that because they see a trend when they go up they make positive news when they reach the downward trend they make negative and manipulating news, but I am a lazy person who reads news about any bitcoin out there, just focusing on analyzing charts and any news that comes from China is totally unobtrusive, in my opinion the best thing to invest in bitcoin is the long term

Fundamentals would be ideal to be accompanied with technicals imho when we do base up for shorter trades.These kind of negative news in talks about China isnt really new and as said
they arent affecting too much the market even they are a big player of this cryptospace but wont really be enough to take this market down completely.

They do decide all of the things inside their mind towards cryptocurrency.They consider blockchain tech then suddenly ban crypto exchangers? Seems they do like to play for those people who support
this market but well it wont really be a major thing to be worried about.

[Capt00]

Any news is essentially FUD. currently, It's not strange about the pros and cons of Bitcoin. which the government of the country that only adopted Blockchain technology but won't legalize crypto. This should not have much impact on the price of Bitcoin.

Probably it won't have an impact on the market but somehow people much more focus on the news making them undecided to take the risk but rather not.
Of course, they consider China would help for the market recovery but it turns off when they declare war against crypto exchanges forcing them to close and that it gives a reason for investors and trader to think.

[BitcoinHunt3r]

It already happened so many times and almost like China control bitcoin price.

How can you say China is controlling the price when they don't show interest to use Bitcoin in the first place?
If you think the price surged just because of the news from the Chinese leader showing interest in blockchain, then think again.
There must be something else that influence the sentiments in the market rather than just the Chinese news alone.

Maybe if you read my full post, you will know and other comments agree if in past, every movement of bitcoin price is followed by news in China. And that is what i means with "almost like". News about support bitcoin, ban bitcoin, or anything similar like that always come and it followed by bitcoin price in market. And usually in my local exchanger, some people follow Huobi market price first before they know bitcoin price pumped or dumped.

[piebeyb]

China has always been the ingredient to be the most frightening FUD news site, but does everyone here think that this often happens before and doesn't have a positive or even negative effect, many news sites do that because they see a trend when they go up they make positive news when they reach the downward trend they make negative and manipulating news, but I am a lazy person who reads news about any bitcoin out there, just focusing on analyzing charts and any news that comes from China is totally unobtrusive, in my opinion the best thing to invest in bitcoin is the long term

Fundamentals would be ideal to be accompanied with technicals imho when we do base up for shorter trades.These kind of negative news in talks about China isnt really new and as said
they arent affecting too much the market even they are a big player of this cryptospace but wont really be enough to take this market down completely.

They do decide all of the things inside their mind towards cryptocurrency.They consider blockchain tech then suddenly ban crypto exchangers? Seems they do like to play for those people who support
this market but well it wont really be a major thing to be worried about.

yes it's just that the news about them seems to play a role in dropping the value of bitcoin on the market, but in fact if I see it doesn't have any effect because the charts always say right when the trend is up or down, other news is just a sweetener to add attraction so that all news sites about china and bitcoin always selling for them, returning to all traders there is nothing to worry about china

[barabarian1]

in my opinion in the Chinese government there is a pope who wants to manipulate the price of bitcoin. so they always make news about cryptocurrency that can affect crypto holders. and when the crypto holders are affected by the news it will have an impact on the price of crypto. and I have heard that most of the crypto miners and wholesalers are from China, which is why China's policy on crypto sometimes impacts the price of crypto.

[strunberg]

in my opinion in the Chinese government there is a pope who wants to manipulate the price of bitcoin. so they always make news about cryptocurrency that can affect crypto holders. and when the crypto holders are affected by the news it will have an impact on the price of crypto. and I have heard that most of the crypto miners and wholesalers are from China, which is why China's policy on crypto sometimes impacts the price of crypto.

this last dump i am come from china whales and also dont forget with CME . there many whales that joined in mafia rents which is will always manipulate price with their resources. If we observe in market , many time after price drop sharply , suddenly good news come to market snd price increase again. Usually it come from china , from this country crypto market manipulated .

[Questat]

Disturbing? no, for all we know, China is just playing with us, they maybe focus on banning all cryptocurrencies now but I think they are also secretly holding some Bitcoin. We never know what's in their mind, they are in control of the regulation, hence they can manipulate for their personal satisfaction.

I believe that China has the biggest miners, how come they are banning crypto with that?
There is something in them that they kept in secret, they know that crypto is the next big thing, its impossible they would not share a single slice of the pie.

[BartS]

Oh lol,

China bans something again!
Run!!! Panic!!! The purge!!!!

But, one of a few articles that finally tell something right and show the true picture of the things going there, which most of the people in this forum still don't get it.

Blockchain, not Bitcoin

I don't understand why it is so hard to ..understand!
China was never interested in bitcoin, all they care about is the blockchain, just as there are no shops,  there is no usage there is only mining and manufacture of equipment, for them and the people it's not about the principles behind bitcoin it's about profits.
And the leaders think the same, they want something which they can control and make money out of it, and bitcoin comes with way too many disadvantages for their policy.

Long story short, as I said a few days ago, a week ago, a month ago...and so on.
Nothing good for bitcoin will come from China.

Most people do not really understand the difference between bitcoin and the blockchain, they think they are the same thing but we know they are not, and while China is by far the most obvious example of a government that likes the blockchain but doesn't like bitcoin on top of it the truth is that all governments are like that.

They are excited about having a ledger in which all the transactions of their citizens are visible to them, what they do not like in bitcoin is that they do not know who they are and that they do not control the network.

[akmal1984]

Disturbing? no, for all we know, China is just playing with us, they maybe focus on banning all cryptocurrencies now but I think they are also secretly holding some Bitcoin. We never know what's in their mind, they are in control of the regulation, hence they can manipulate for their personal satisfaction.

I believe that China has the biggest miners, how come they are banning crypto with that?
There is something in them that they kept in secret, they know that crypto is the next big thing, its impossible they would not share a single slice of the pie.

They often spread negative news. But later the news will slowly disappear and prices will rise again. This is just a game that's right as you say. If they really want to stop crypto or bitcoin they should have done it from a few years ago. This is their only trick to make the price go down and then be able to buy it