China bans Bitcoin again in 2021

[livingfree]

It is truly a FUD.

Just as is, we have the description of it "again".

They've never accepted Bitcoin. LOL, bad FUD.

But the biggest mining facilities can also be found there. That's why it's really a FUD just to make the market affected again. While many are in panic due to the down prices.

The whales are having the silent move in accumulation.

[butcher_spam]

China today is one of the major players not only in the stock market, but also in the cryptocurrency segment. Perhaps it was a "cunning" move by the government, because they were well aware that their actions could weaken the price of bitcoin.

[worle1bm]

China is already halting crypto market from long period but nothing major effects have been seen.The miners in China are already moving to some other parts due to this but still it contributes major hashrates all over the globe.This time the media has announced that banking institutions have put a ban on crypto related services and who knows Communist Party have tried to give another blow to Market with such FUD as your words.

Since Xi Jinping became the General Secretary of the Chinese Communist Party (de facto paramount leader) in 2012, censorship has been "significantly stepped up". The government maintains censorship over all media capable of reaching a wide audience.

You can still try it on P2P exchanges and companies can register themselves outside china and continue the operations.You cannot operate thorough Central banks but there are many other options which you can still use for Bitcoin related transactions and no government can stop bitcoin.

[sapnu]

We've seen it once and we are seeing it again. China has been always trying to bring down crypto's name and now that they have the upper hand over any other countries as the pandemic keeps on going, they have much higher influence and chances on spreading FUD towards crypto miners and investors. The banning has been the talk of the town also before and afterwards, the bull run started and the market turns red. This maybe a sign of the worst that is yet to come but it is also an indicator that after a few years or months, bitcoin and crypto will soon recover again.

[Jazzi Mahesh]

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

[jaberwock]

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



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

Meehn these people have started again . Just this morning I was very happy that the price was going up again, now I wonder what it is going to turn to. Bitcoin has been struggling to maintain the above $40,000 price level, and with news like this and that of Elon that has been trending lately, it seems like these people just have plans to end the bull run and bring the price down again.

Well, I am not going to worry too much about that because even if the price should go down it’s going to be a better opportunity for those of us that wants to get back in at a lower price. With the way things has been going, if I find out it is going to crash heavily then I might have to sell and wait for a lower price and invest again.

[Gamerholic]

I agree that this is not a disaster, but rather a time of opportunity. I would like the price to go down for a few more months so the market would get rid of the nervous novice hamsters, we would pick up their sold coins at a low price and then calmly wait for the next market reversal in the direction of a bullish trend. This happened before, I saw it with my own eyes, I sold it then in 2017 at the level of 22 thousand dollars and then bought 13 thousand each. Everything is cool, we are calm, we are waiting.

[ILuckyGuyI]

I really don't understand China.    They are making their own digital currency right now. And this shows clearly that they really don't want to fall behind the other countries in this promising field. But I don't get how they can be fully against cryptocurrencies at the same time.

[Streets 2.0]

I think this resembles another manipulation that is designed to change something inside the country and we will not understand its meaning before this happens. Perhaps this is the backdrop for the release of a new currency in China that will be controlled by their central bank. Perhaps this is a way to limit the funding of shadow organizations conducting subversive work within the country. You can make a lot of assumptions, but in fact this is a blow that affected the market, that's all I see so far.

[KryptoKings]

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



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

We have to get away with Chinese dependency in mining. In fact crypto should be free from any kind of dependency on any nation. That defeats the purpose of decentralized coins.
China has always manipulate crypto market due to it's dominance in mining BTC.
It's time we move to pos coins from pow.

[Weawant]

When I read the news I was like "oh here we go again." Wasn't really surprised with the the news to be honest. Everytime that Bitcoin is having its All the high, China acts like a kid with a lollipop and someone attempts to steal it from him.

This never scared me, I know that Bitcoin isn't favoring China's agenda and that's why they ban it. I heard that they are planning to make digital yuans, and well that's good for them. But they had to know, no cryptocurrency enthusiast would want to help them out during the time.

If they think that they have the power on this side of the industry, I guess they should focus on building their wealth in their country.
And for the Chinese who have their business on this field, please guys you may go somehere offshore to continue your businesses, you will never have bond with your administration. Save your passion, move out and rebuild.

[mamiko]

I hardly think the Chinese government will ban bitcoin. They manipulated the market by saying that they would ban bitcoin continuously from the past and caused declines. The same scenario is happening now. a drop after China's news of banning bitcoin. history repeats itself. but I don't understand China's purpose.

[pixie85]

from 2017 China has said to ban bitcoin, and now China says the same thing again about bitcoin ,, they are jealous because bitcoin is increasingly bombarding the market, actually they have been wanting to join bitcoin, and make profit through bitcoin ,, but actually China is prestigious bro ... because he hated bitcoin in the past ... that's why he's always looking for trouble with bitcoin ...

They did that in 2015! That's why all exchanges moved away from China because they weren't allowed to trade for fiat.

Financial institutions weren't allowed to work with exchanges for many years. This is just a reminder to them from the government. I don't know what the big deal is. Nothing new.

[SaShiRaJaVu]

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

That is what i did not understand when the market started its major correction yesterday, i was confused and was checking all the telegram channels and news site to understand what is going on to have a major correction and everyone was talking about the ban from China and i was confused as i thought they already banned Bitcoin a few years ago and why would they announce that again.
FUD played a major role and so is the reason the Bitcoin market recovered fast and anyone who invested made a good profit.

[Luzin]

Financial institutions weren't allowed to work with exchanges for many years. This is just a reminder to them from the government. I don't know what the big deal is. Nothing new.

Events that repeat themselves after good news will have bad news. As long as I have known bitcoin, it has always existed and I consider it a kitchen ingredient in crypto. Apart from China, this time crypto mega star Elon Musk is willing to make a bet with his big name. With one writing he was able to move the global market.

Then for China they are the biggest country for the crypto industry so their FUD is very influential globally, although I think they will eventually revise the rules that have been made. Both stories are deliberately made to reduce prices, after falling they buy and make good news then the prices fly back high.

[samsul1234]

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



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

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

[Lmaooo]

Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable
China banning bitcoin is not a new thing, that also happened way back in 2017... we move

https://www.bloomberg.com/news/articles/2021-04-07/peter-thiel-calls-bitcoin-a-chinese-financial-weapon-at-virtual-roundtable
https://economictimes.indiatimes.com/news/international/world-news/bitcoin-a-chinese-financial-weapon-says-peter-thiel

[michellee]

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



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

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

Calm down. The bad news will always come out right now or in the future because the crypto world will be full of bad and good news, impacting the market and the price. If the bad news comes out, the price will be down, but that will not always work like that because sometimes, if the bad news comes, the market will not go down instead, calm down and even the market can increase.

If you invest in bitcoin, you need to realize those consequences and the risk because we can not deny that the news will affect the market. Take it easy because bitcoin will increase again in the future, and the bad news will be bad news for those who do not believe in bitcoin.

[elisabetheva]

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



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

hello sir, this is very bad news, with this news bitcoin will probably go down and people will slowly forget where bitcoin has shown its capacity in a very high sales market, please don't give bad news anymore, we all want bitcoin to be one of the assets in the lyrics of the world

Calm down. The bad news will always come out right now or in the future because the crypto world will be full of bad and good news, impacting the market and the price. If the bad news comes out, the price will be down, but that will not always work like that because sometimes, if the bad news comes, the market will not go down instead, calm down and even the market can increase.

If you invest in bitcoin, you need to realize those consequences and the risk because we can not deny that the news will affect the market. Take it easy because bitcoin will increase again in the future, and the bad news will be bad news for those who do not believe in bitcoin.

what you say is something that should be understood and owned by everyone who wants to join crypto. because what you say is true, that even though bad news will always affect the movement of bitcoin but there are times it may not shake bitcoin and keep increasing. So it just depends on the situation and the bad news.

but the most important thing is where there is a good side with this correction, providing an opportunity for those who have not had the opportunity to have bitcoin to have it at the current price drop. because opportunities like this might be hard to find.

always have to believe that bitcoin will be able to get through something like this, because bitcoin is used and able to get back up because there are still many who need bitcoin and will continue to buy and make an attractive investment. what you are saying is the truth that bad news can be bad news for those who do not believe that bitcoin will ever increase again. they will never have another chance like this.

[Jennie_BigONE]

US government banned it  much earlier didn't it? Most crypto exchanges are not supported in the US