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Author Topic: In theory there is still another China ban waiting to be launched.  (Read 276 times)
lalabotax
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June 29, 2021, 11:55:20 PM
 #21

Don't be afraid, as the members here said, that country always tries to ban Bitcoin whenever the BTC is rising up. But, when Bitcoin and crypto are in the bearish time, there is no high attention from that country. We have seen some bans and restrictions done by China so far, regarding Mining, bank account withdrawal from crypto, crypto-based projects, and many more. So, the FUD may be there again. Just don't panic

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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randegibran
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June 30, 2021, 06:26:56 PM
 #22

we are always frightened by what the china is doing, they always block bitcoin, we must be optimistic today and we don't care anymore what the country wants to do, because everyone who doesn't like anything we do surely they will always hate it.however we still have to face this situation and condition with high optimism, and we only need to worry if Elon Musk makes a tweet that can make the bitcoin price fall,for other things we don't need to be afraid of things that like this,because this often happens to other businesses
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June 30, 2021, 11:24:36 PM
 #23

To be honest china banning the mining  probably a good thing for the network overall, because a lot of people had some real concern about how decentralized it is if china holds a lot of the mining power there, and with them shutting down right now it might bring a lot of people who have that idea, as for the Chinese government they are probably afraid of how big bitcoin is getting and how they can't control it and control the transactions since they are anonymous and the people can have a bit of freedom with it. 
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June 30, 2021, 11:43:24 PM
 #24

To be honest china banning the mining  probably a good thing for the network overall, because a lot of people had some real concern about how decentralized it is if china holds a lot of the mining power there, and with them shutting down right now it might bring a lot of people who have that idea, as for the Chinese government they are probably afraid of how big bitcoin is getting and how they can't control it and control the transactions since they are anonymous and the people can have a bit of freedom with it. 

Mining of bitcoin was a good idea to earn more money in a short period. Some capital is only essential and some basic knowledge about mining is essential. Because people selling fake mining set for the money scam. Even some people saying we send the mining setup after money. The fact is, they will scam at the end.

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July 01, 2021, 01:50:38 PM
 #25

currently we are faced with a trade war that is happening between 2 countries namely.China and the United States.what the Chinese government is currently doing is not a potential threat to bitcoin, if we are constantly worried about something that will make we are wary.so we don't have to be frustrated with what the Chinese government will launch, then they will continue to frighten us with decisions that can have an impact on bitcoin itself
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July 01, 2021, 02:08:58 PM
 #26

china has accumulated a lot of coins, and they are now waiting for the right time to sell all the coins they have collected, china has banned bitcoin mining, china is looking for a new tactic to ban bitcoin, maybe they are planning to no longer accept bitcoin in their country, that's the tactic china to get a lot of profit, and victory..
perryxi2
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July 01, 2021, 02:32:40 PM
 #27

China created FUD so they can control the market and I see they say theoretically ban BTC but it's a lie, I don't care because they don't have to decide everything if we still believe in the future. futures of BTC.

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sulis sudibyo
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July 01, 2021, 02:42:12 PM
 #28

I think they've done it all. maybe it's just a ban for its citizens not to hold crypto. if this happens, china has absolutely no influence for the crypto market and i am very happy with this. better like this than just causing sustainable FUD in the future. without China the crypto market can still survive.

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