China bans Bitcoin again in 2021

[temple]

I mean that is just some market manipulation just like what happened in the past, It is already a thing that China does making a lot of bad news about cryptocurrency or bitcoin to manipulate it.

Something like this announcement cannot really ban bitcoin at some point since bitcoin is like the internet and people could still buy it if they do nothing and just announce it.

If they really want to ban it they most likely going to ban the mining in their country as well but since China is one of the tops when it comes to mining cryptocurrency so they will never do that even do they have the power to obviously fully banned it since they get a big amount from it obviously.

I just wrote this in another thread. I also believe they themselves are manipulating the market in order to get more of Bitcoins and Ethereum themselves.
Is it possible to find out where mining takes place by IP address or geolocation? Could they just bluff and claim that mining is banned but mining would still be running in China?

[ARTURVHt]

In my opinion, the imminent ban on Bitcoin in the Chinese market this time will not prevent the development of Bitcoin. Now decentralized transactions have become the general trend. China's countermeasures this time may also be a slow-down strategy, of course, it may also be the media's added oil and jealousy. We must seize this opportunity.

[wendy sy]

Similar bans have appeared in China in the past, but they have little impact. Although the price of Bitcoin has fallen sharply, I still believe that it will rise again. There is no need to panic about this ban. Most people in the market are still optimistic about Bitcoin.

[ROSERTY]

Old users have become accustomed to the panic caused by the Bitcoin crash. We must firmly believe in Bitcoin and don't give it up because of temporary unsatisfactory things.

[Robinson66]

Bitcoin is not like gold. Gold has practical value endorsement, but Bitcoin does not. If Bitcoin is banned globally, then Bitcoin will eventually die out.

For example, a computer program has been developed to be embedded in all computers for monitoring. This is easy to achieve with current technology, and it is no different from a computer virus.

However, as long as a country recognizes Bitcoin, then Bitcoin has value. Or if a small number of local tyrants recognize Bitcoin, Bitcoin is valuable.

[dota2bestplayer]

Prohibition does not mean prohibiting possession. If a country bans Bitcoin by legislation, when Bitcoin becomes a global reserve, this country will lose the opportunity.

[clippers]

As a Chinese, the people participating in the crypto market in China are quite panic. They are very worried that their assets will shrink or even return to zero. In fact, the early miners who participated in Bitcoin mining were not too worried about this. The vast majority of people who were worried about policies were newcomers who were just starting to invest in cryptocurrencies. Unfortunately, the vast majority of Chinese people don’t even know who Satoshi Nakamoto is or what decentralization is. They just saw that some people made money by buying Dogecoin, so they joined in. As for the Chinese government, these people losing money in the cryptocurrency field will affect the stability of society. The policy introduced this time is mainly aimed at these new users.

[Aliceooo78]

I feel familiar again that the cycle in 2017 is repeating itself. We all understand and we all know that China is doing the same thing when Bitcoin gains popularity, there will be a big drama going on so that the Bitcoin price really hits its bottom. From this I can already guess, that the price of Bitcoin in the future will experience a very great increase and will even reach the latest ATH again.

When China tries to discount the price of Bitcoin, we must be prepared to fill our bag by buying it at a low price.

absolutely.
there're some people around me who dumped their cryptocurrencies during during this FUD and lost their faith in crypto coins. I think it a pity coz I'm sure the day will come when they regret for what they are doing now. Bitcoin is undoubtedly unstoppable and factually we are living in a digital world led by Satoshi. those with weak confidence in Bitcoin will be left behind while those strong believers will size the opportunity and become rich. anyway, it's a good thing for poor person like me

[kiki8899]

Old users will not be overly nervous, only those who have a little knowledge of this will panic. Believe in our faith.

[WillieTruman]

Similar things have happened before. Perhaps the panic caused by this time is even greater. I personally think that it may be a kind of inducement. The Chinese government may be more careful in thinking and control everything quietly. After all, Chinese miners and cryptocurrency investors The proportion is very large, and the government transfers digital assets to the centralized national reserve through reasonable, legal and compliant means.Just like Ali’s Jack Ma, there has been no news recently. Does Ant Financial have a certain relationship with Antminer?
I don’t know, but I feel that my thinking is right. I will continue to hold various cryptocurrencies.

[Mituletr]

The cryptocurrency market is a major trend, and the issuance of digital currency is actually an affirmation of Bitcoin. China cannot really get rid of Bitcoin. Even if they continue to ban the use of Bitcoin, they cannot control the continued popularity of online use of Bitcoin.

[Osakaleva]

This is a worrying news for participants in the global cryptocurrency market. The development of Bitcoin is a trend, and it will have a better development only if it is gradually adapted. Now it cannot be completely banned, and it can be properly developed in places with abundant power resources. It is expected that Chinese policy makers can study and learn from international experience on the basis of social and financial stability, and explore an industry path suitable for China's development.

[TOM Bb]

There is some reason for China to do this, but I will always be a loyal believer in Bitcoin. When everything goes down, the important thing is that the Bitcoin market can rise again.

[Leonnuvh]

Bitcoin is becoming more and more popular in all countries. Many people are investing in it. People want to invest in Bitcoin instead of panicking when the price drops like today. Then believe that Bitcoin will be necessary. When the time comes, Bitcoin The price will rise and break the high price.

[valentine wheeler]

Regarding this matter, objectively speaking, thermal power plants will be shut down, and the corresponding mines will naturally be shut down. Because global carbon emissions are subject to certain restrictions, there is no need to think too much, just keep holding them. May cause price changes, I think it is only temporary

[Chato1977]

China bans bitcoin again in 2021.
Another fud in the bull run.  



https://twitter.com/Reuters/status/1394665379616673792

How many times do you need to be affected by this? China has been into this for many times now and if we will be affected then we are nothing to contribute and did not learn anything from there.

China will always make things complicated because they are holding the majority of miners of bitcoin in the world.

[bitcoin-shine]

This is just the Chinese government reminding investors to pay attention to the risks of investing in cryptocurrencies.

[cabron]

China bans bitcoin again in 2021.
Another fud in the bull run.  



https://twitter.com/Reuters/status/1394665379616673792

How many times do you need to be affected by this? China has been into this for many times now and if we will be affected then we are nothing to contribute and did not learn anything from there.

China will always make things complicated because they are holding the majority of miners of bitcoin in the world.

It's still effective for spreading the FUD.  China hasn't even unbanned Bitcoin. BItcoin had been banned in China since 2013 and then they ban it again without even unbanning it in 2017 and then again in 2021 they ban Bitcoin again without telling us that they unbanned it already.

Its really interesting how they come up with carbon emission when it's still US and European countries' carbon emission is higher than China. 

[MusaMohamed]

It's still effective for spreading the FUD.  China hasn't even unbanned Bitcoin. BItcoin had been banned in China since 2013 and then they ban it again without even unbanning it in 2017 and then again in 2021 they ban Bitcoin again without telling us that they unbanned it already.

Its really interesting how they come up with carbon emission when it's still US and European countries' carbon emission is higher than China.  

I agree with you. China has ever accepted Bitcoin and cryptocurrency. They made bans a few times with scam ICOs, IEOs, IDOs and how shit newspapers and social media can spread this good attempts, good regulation as the end of cryptocurrency and Bitcoin in China mainland.

If governments control scam good, it will give a cleaner space for cryptocurrency.

It is a good news if China will actually put scammers into the jails. It is positive.

And China has ever banned Bitcoin or cryptocurrency.

[Luffygroove]

it's like happened over and over again, the cycle just goes on and on just like what happened in 2017 happened again in 2021, precisely 4 years periodically. Will we face it again in 2025?. It's not shocking news anyway, cause as we know China always been the biggest country in terms of cryptocurrency users and miners. So it's just natural if the price was affected by China's government policy. I don't know was that a conspiracy, or China government genuinely care about electricity use. However, it's always broke my heart when certain parties always try to tackle crypto bull season.