China bans Bitcoin again in 2021

[Sithara007]

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.

Yeah.. it is almost like 4 years regular interval. Before 2017, there was another crash in 2013 which resulted from the Chinese central bank closing down some of the cryptocurrency exchanges. But the main issue is with markets over-reacting to any such news coming from China. The real impact on the ground will be very minimal, since most of the Chinese users have already moved to exchanges in South Korea and Hong Kong. On paper, the ban is there, but the authorities are unable to implement it across the country.

[impulse709]

This is Fuds.China is the country with the largest contribution to the global Bitcoin digging network.Besides Elon. They are also who manipulating the market.Bullrun season 2017,they also made the same decision to push the market down and now it's repeating itself.

[bitcoin-shine]

In fact, Bitcoin is not under the control of any organization, country, institution, or company. Its fair, open, and just operating mechanism has gained a world-level consensus. This consensus is by no means a country that can control, or influence, or even It can be said that even if all nodes in a certain country withdraw and all mining machines are shut down, it will not affect the normal operation of the entire Bitcoin system.

[Cryptomiles1]

this will lead to another big dip in the market today, watching out the effects of what happened 2017 it's really a year of unforgettable for crypto currency. well there is no country or state in control of bitcoin so it's effect will be limited.

[butcher_spam]

China is a very big player on the world stage. i think china is doing this on purpose in order to buy bitcoin. China is one of the significant market manipulators for bitcoin today

[CSquared Collective]

I wish there is more integration in the Chinese and English crypto communities. I know that language and Chinese Firewall are obstacles. But it would be very good if the two communities can actually share what's really going on. It would be awesome for crypto space development!

[int03h]

The crackdown on Bitcoin mining activities in China has been going on for years and I see nothing new. This time the Chinese government only insisted one more time. I think this is not new news and this is just a reason for the big boys in the crypto market to manipulate the market profoundly. Buying cheap Bitcoin happened quickly and there were thousands of Bitcoins moving out of exchanges after Bitcoin dropped to $30,000.

The Chinese government causes a crash in the cryptocurrency market every now and then. And this makes me suspicious. Are they manipulating the market, so that their miners and traders could accumulate cheap coins? Let's not forget the fact that the Chinese Yuan is one of the most manipulated currencies in the world. If the Chinese government can manipulate their national currency, then what stops them from manipulating the cryptocurrency market?

China has been quietly supporting Bitcoin miners for years because they have been talking about banning Bitcoin for years. I remember in 2017 at the G20 summit in Copenhagen, Switzerland, they voted against Bitcoin. By far, Bitcoin miners from China have the largest hash rate in the world. We can ignore the news of FUD and hold Bitcoin to eliminate manipulation. As I said news is not the problem but human psychology and the use of news to destroy the important market. We cannot change that because human psychology does not change in each period.

[LittleBitFunny]

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

China has again banned cryptocurrency, They have banned financial and payment institutions from using cryptocurrencies. Although they did not impose any restrictions on mining, their new ban was supposed to bring down the market. But why do I think this ban has not had such a significant impact on the market! I think investors don't care about such bans anymore. China should abandon its stubbornness and embrace cryptocurrency.

[ropyu1978]

China is a very big player on the world stage. i think china is doing this on purpose in order to buy bitcoin. China is one of the significant market manipulators for bitcoin today

I agree with your opinion guys, in my opinion this is all a Chinese game to be able to get big profits, they trick us all by issuing negative tweets, about bitcoin, because this is not the first time they have banned bitcoin in their country, even they have several times. prohibits bitcoin ..

[yohananaomi]

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

China has again banned cryptocurrency, They have banned financial and payment institutions from using cryptocurrencies. Although they did not impose any restrictions on mining, their new ban was supposed to bring down the market. But why do I think this ban has not had such a significant impact on the market! I think investors don't care about such bans anymore. China should abandon its stubbornness and embrace cryptocurrency.

crypto cannot be separated from bad news that comes from social media, no matter how strong it will definitely have an impact, but the impact can be measured because it can be seen from long experience. ban by China is not the only time, so even though there is an impact of correction, it is certainly not as severe as when it first occurred. all ultimately have to learn from old experiences because this kind of impact is certainly not healthy for the development of crypto.

but everyone also has to get used to things like this so as not to interfere with crypto itself, investors also have a lot to learn so that this doesn't become something very serious.
It is clear that if this continues, everything will be disturbed and this will lead to bad directions in the future.

[Prettyjing34]

Under the global economic environment where the epidemic is impacting the economy, various industries are facing a reshuffle, eliminating many industries (such as physical education, physical clothing, catering, etc.), and also creating a lot of wealth, such as medical care, online education, Internet live broadcast, etc. Wait". When we find it difficult to make money, we must remember to blindly follow the trend. It is better to take some time to summarize and think about it. In such an environment and situation, where are our opportunities? As China’s real estate has entered a period of rational and rational investment, most people’s assets are locked up by just-needed real estate, and social surplus assets will not easily enter the real estate. Then where will the money go and where will our opportunities be? ? Please calmly think about it. The first thing we can think of is to deposit in the bank. We find that it is not a good place to go, and the interest is not enough for daily expenses. Then I think of buying wealth management products, and I feel that the risks are high, and if I don’t understand it, it’s like being fooled. Then I think of starting a business, such as opening a shop and doing business. I have a good idea, but I can find out what business risk is small, even if I make less money, think about it. After going back, the thinking person will act, and the worrying person will be unwilling to let it go. In fact, no matter what the society is in any age, we only need to learn a little to break into a field of our own, that is, understanding policies, integrating resources, seizing opportunities, having the courage to try, firm conviction, and flexible adjustments! Every industry that comes up in your mind is an opportunity, depending on whether you dare to contribute to it.

[ARTURVHt]

There is no shortage of opportunities in the currency circle. What is lacking is finding opportunities. It is often a project and when most people think that it can make money, the project will not make money. For example, the FIL coin, which is relatively popular recently. New highs every day. However, we must put our mindset in this way. We can't talk about getting rich every day. Choosing mining means choosing its stability. You can't pray for a profit of 10% or even 20% a day. This is unrealistic. Investment is a long-term process. Stability is the most fundamental. Otherwise, it is better to increase leverage every day. If you can treat it with a stable mindset, I believe you will become a rational investor. wish you success

[TOM Bb]

In the future world, it will be more and more difficult to earn fast money. I can’t earn money beyond seriousness. I have been engaged in the service of the To B side for so many years. I found that the service cycle of this track is long, but as long as we persist in it for a long time, the future benefits will also be Proportional, don’t just go to others to make money and make it easy. In fact, money is not that easy. If it were that easy, the people at the top of the pyramid would have already started to harvest.

[Jordi129]

I think this is not new news and this is just a reason for the big boys in the crypto market to manipulate the market profoundly. Not many countries supported bitcoin, many already ban and make bitcoin as something illegal too, china is not the only one. This news will make everyone panic, the number of times China bans cryptocurrency soon will be equal to a number of times people consider Bitcoin to be dead.

[Widya0986]

China's cold attitude towards cryptocurrencies is actually not just this time. Since 2013, China has actually expressed the view that bitcoin is not a real currency and has prohibited financial and payment institutions from transacting using bitcoin.

China is of the view that bitcoin poses a risk for money laundering. In addition, the bamboo curtain country also assesses that the stability of the financial system can be maintained if the use of the yuan as a legal currency is protected.

[peter0425]

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



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

And tomorrow they will ban this again and again and more again.

if they really want to ban Bitcoin they will put in Jail those miners in their country in which the biggest in the world.

But they are not doing this right? why? because they need Bitcoin more than what coins they are creating.

[btc78]

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



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

This will always affect the market , everytime China making such statement and movement always turns negative but of course for me? this is a good scenario because all the time that they make such statement i come to buy more coins.

China is a very big player on the world stage. i think china is doing this on purpose in order to buy bitcoin. China is one of the significant market manipulators for bitcoin today

because they are the biggest mining country in the world so what would be their main objective having this opinions?
of course to make money in market.

[Altryist]

This will always affect the market , everytime China making such statement and movement always turns negative but of course for me? this is a good scenario because all the time that they make such statement i come to buy more coins.

because they are the biggest mining country in the world so what would be their main objective having this opinions?
of course to make money in market.

It is also obvious to me that this is a manipulation in order to buy bitcoin at a lower price. In fact, Bitcoin is now recognized by large funds and organizations and its value will grow in the future. Therefore, more and more people want to invest in it. And it is reasonable to buy on the market correction, because the price always rises to its maximums and growing higher.

[writealot]

What is with Reuters these days? Who made them the crypto/Bitcoin experts? Don't read its coin-related articles--they are just trying to sell ads/subscriptions.

[ultrloa]

This will always affect the market , everytime China making such statement and movement always turns negative but of course for me? this is a good scenario because all the time that they make such statement i come to buy more coins.

because they are the biggest mining country in the world so what would be their main objective having this opinions?
of course to make money in market.

It is also obvious to me that this is a manipulation in order to buy bitcoin at a lower price. In fact, Bitcoin is now recognized by large funds and organizations and its value will grow in the future. Therefore, more and more people want to invest in it. And it is reasonable to buy on the market correction, because the price always rises to its maximums and growing higher.

There's no news in the mainstream that confirms about this fud only those paid article creators release this so we should not believe on such words since I don't believe that china will crack down bitcoins since its a multi million 8f not billion dollars industry.

But since the market is now back in shape its better to buy again and hold for long term.