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Author Topic: China bans Bitcoin again in 2021  (Read 1850 times)
SoeNan89
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June 27, 2021, 02:45:25 PM
 #201

China is an expert in imitation of all kinds, but in crypto they are losing out on imitation.  And it seems that China is desperate to stop the advance of cryptocurrencies.  They know that they will have a hard time stopping decentralized ecosystems so they are now targeting centralized ones who use cryptocurrencies as their service/product.  China really never stops playing around with the cryptocurrency market, and someday China will succumb to cryptocurrenty too, hopefully China quickly accepts the reality in the coin field.
geegaw
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June 27, 2021, 03:25:07 PM
 #202

This is what causes many people to panic until the downtrend that has occurred has become a threat for some people. I just hope things get better soon from whatever happens to the crypto world related to countries or governments and hopefully bitcoin will remain in its popularity so that it can make more many people believe it again.
We need to  wait for more good  news  as this china  thing really  affects  those holders  and traders,  the decision making  take a tough  time either  you sell and try to buy  with much  cheaper  value.

Or keep holding  then and more spare money  with those cheap  coins  that being  dumped. Just make sure that you  do understand  your position  and have a good  faith  with your decision.
Precisely, it is necessary to distinguish whether we are in a disadvantage or neutral to make more decisions, every correct and timely decision, it will break the link between us and the negative, help us cancel the damage from bad news and increase the chance. In the long term, bitcoin will still have a recovery, China is just a very brief pause and after a stable arrangement, bitcoin will continue its predetermined journey, today's price chart shows the first reversal, can see the ban from China has been disabled

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DOH!
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June 27, 2021, 03:39:22 PM
 #203

china once again bans bitcoin in 2021. Even though as far as I know, China also wants to make their own digital currency.  This causes the market to fall again, potentially crashing again.  Hopefully there will be no more negative news because it can make bitcoin prices fall again.
They are a hypocritical government because they own a lot of bitcoin and bitcoin mines, they ban it because they want to solo the profits of bitcoin. This ban won't last, they just want to make sure that crypto businesses that are operating in mainland to know who's the boss.
They imposed it and it was their mistake. XCH has been mined, they will realize what they have and what they have lost. The anchors in bitcoin mining are separated and removed from China, the loss belongs to them. It has gone through the Carbon section which it deserves to consider in terms of renewable energy. But no, that was their plot. Bitcoin will go up soon before China realizes its big mistake. Pray God.
China has weakened in the bitcoin market.

BitcoinLegends
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June 27, 2021, 03:47:31 PM
 #204

China appears very two-faced when it comes to Bitcoin.  China has banned Bitcoin dozens of time.

2013: Crackdown on Banks and Payment Processors

2017: Closure of Local Exchanges

2019: A Warning to Miners

at the same time while china bans Bitcoin . China hosts the majority of Bitcoin hash rate — around 65% . Heck of a ban. China is good at banning things. If it wants something banned it would not still hold 65% of hash rate




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