New (old) FUD coming from China?

[stadus]

Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

[Oasisman]

Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

You can't inevitably disregard the news as it does a huge impact on Bitcoin's price. Though there's really nothing to worry about as China has been doing this before and yeah It did a negative impact as well. So, I guess they're messing around with cryptocurrency again because they knew they can drag the prices down considering the number of people owns crypto and the number of companies operating their Bitcoin mining rig in China is huge.
I guess, they'll going to lift it after a few months.

[passwordnow]

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.

LOL at that "getting serious".

Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

Not that failed to adopt crypto but we might see them in upcoming bull runs again that they'll do the same thing over and over again. And a news will come out that they've been hoarding bitcoin all of these times and they'll announce that they'll one of the biggest holders in the world.

[the ghabbar]

Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.

The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.

https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-crypto

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

China is starting to influence crypto globally, they are playing the issue of bringing down crypto, indeed what they are doing will definitely have an effect, although not so much, China has enough resources to influence it, China has the biggest trading relationship for the world and while all this they are doing it collectively at the same time, crypto will have an impact on the problems they cause, even China has banned crypto mining for its citizens, with the consideration that the digital currency they issue must be in position 5 cryptocurrencies, this continues with the problem of what they are doing now.

[GreatArkansas]

Look how the market bounced recently.
A lot of humor about Chinese communities starting to learn some alternative of centralized exchanges just like banning them especially Binance.
There are some rumors about Chinese people already starting to learn how to use Defi, especially using a Decentralized Exchange (DEX).

This is one of the best example that there are always alternatives and they can't stop cryptocurrency.

[dunfida]

Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

You can't inevitably disregard the news as it does a huge impact on Bitcoin's price. Though there's really nothing to worry about as China has been doing this before and yeah It did a negative impact as well. So, I guess they're messing around with cryptocurrency again because they knew they can drag the prices down considering the number of people owns crypto and the number of companies operating their Bitcoin mining rig in China is huge.
I guess, they'll going to lift it after a few months.

They are already starting the ban on exchanges.

https://finance.yahoo.com/news/crypto-exchange-stops-taking-china-075036794.html
https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/

These are not really some shocking news and its true that they've been doing this back in the past.

[bots1]

As a result of the affirmation of the cryptocurrency being banned in China, the price of bitcoin fell by 5.5 percent last week. Even the price of bitcoin is currently down 5.86 percent to around $41,106. When compared to last week's price, the price of bitcoin is down 13.15 percent.

[Gozie51]

As a result of the affirmation of the cryptocurrency being banned in China, the price of bitcoin fell by 5.5 percent last week. Even the price of bitcoin is currently down 5.86 percent to around $41,106. When compared to last week's price, the price of bitcoin is down 13.15 percent.

Bitcoin is not dropping as a result of China threat . The price is little dragging in $42,000 and $43,219 presently. The Chinese digital currency is what I think is all the purpose that China is fighting bitcoin and surely both can operate differently but China in trade war with America is a big factor because they want to stand out. Price may get higher this week , it has started recovery.

[TheGreatPython]

Disregard that news and forget about China as they completely failed to adapt to crypto. The biggest popular in the world could have been good news if they will adopt, but things happen and it's old news so there's nothing to panic about, besides, the crypto world will still survive even without China or other big countries might do the same restrictions.

You can't inevitably disregard the news as it does a huge impact on Bitcoin's price. Though there's really nothing to worry about as China has been doing this before and yeah It did a negative impact as well. So, I guess they're messing around with cryptocurrency again because they knew they can drag the prices down considering the number of people owns crypto and the number of companies operating their Bitcoin mining rig in China is huge.
I guess, they'll going to lift it after a few months.

This should not really scare people though, I mean think about it, we are talking about something that is as good as it gets because China already hated bitcoin has always been scared about bitcoin in the long run. So, why should we really care about crypto as a thing that would be going down just because China banned another thing?

Just very recently it banned mining and price crashed a lot. If something like that happened so recently then why should be fear something like that all over again just few months later. So, be calm and know that there will be FUD constantly and it is boring old news by now.

[tygeade]

I understand that there is a good chance we may end up with something that would be incredibly shocking if they didn't bring in some FUD from China. After all they have been doing this for years and they hate crypto and we know this already.

Just because they came up with another different way to FUD it doesn't mean that it would be a brand new thing, it is basically just rebranded FUD that they always had so it is nothing that is too shocking for anyone. I personally believe that nothing has changed, we are at exactly where we were a week ago and all those people who got scared from this news must be new because this means nothing at all.

[ene1980]

~
Not that failed to adopt crypto but we might see them in upcoming bull runs again that they'll do the same thing over and over again. And a news will come out that they've been hoarding bitcoin all of these times and they'll announce that they'll one of the biggest holders in the world.

The same news will resurface again that China is doing some crazy shit about the cryptocurrency market even though there is no exchanges that are running in the country and majority of the miners are moving out from mainland China. I doubt they will be having any direct investments in cryptocurrency but they have a lot of investment companies that can invest on their behalf and if they are looking to make a profit they would literally shut down these rumors but that is not what we are seeing from them.

[pinggoki]

I think there will still be price dumps because of the fact that China still has some standing in the economic sector, so that almost means that their words should never be taken for granted. That being said, I wouldn't be too scared of these news because it has been long stated that China is a great enemy of bitcoin and cryptocurrencies, basically hinting at their banning of cryptocurrency activities as early as 2018. So this would not surprise the veteran investors.

I understand that there is a good chance we may end up with something that would be incredibly shocking if they didn't bring in some FUD from China. After all they have been doing this for years and they hate crypto and we know this already.

Just because they came up with another different way to FUD it doesn't mean that it would be a brand new thing, it is basically just rebranded FUD that they always had so it is nothing that is too shocking for anyone. I personally believe that nothing has changed, we are at exactly where we were a week ago and all those people who got scared from this news must be new because this means nothing at all.

Exactly. it doesn't make sense for the seasoned investor to be afraid of any FUD that comes from China, be it true or not. Most probably the ones who were vocal about their fear of Chinese FUD were at least new to the scene, since it would make sense for them to feel like this is a big threat when in reality people are already so used to China hating on bitcoin that we just shrug them off.

[Yamifoud]

snip...

This is true. Even if they totally ban crypto in their country, life outside their market goes on. People are used to this kind of news from China. I don't think they can ever fully control the activities of their people. There will always be underground activities. Anyway, miners can always find a new home outside their country. As if bitcoin market will stop because of them.

^ But we can't deny the fact that it has an impact on the market and becomes the market price moving downside because of the latest news that was received from them. FUD was always there and it has been how many years I repeatedly experienced this but I believed at the end of the point BTC price will increase after the FUD will happen and loser those people who believe in FUD. However, even though there is an impact, the market heals itself and becomes fine later. So you think for now people believed in FUD especially those who have experience working at them.

I don't know what is happening but this can't affect the market but the FUD itself manage to push the price a little, I guess there are still weak-hands out there who can be easily fall for the china's trap. China has been banning Bitcoin in the past and yet nothing happens they should totally ban Bitcoin if that's what they want.

It helps a lot to the community but I have a doubt that would work since I almost think those whales manipulating the market probably living in China so they can take advantage of the situation.

It probably there some left but the good thing is that majority are able to manage it and hold their coins. 10% market decline is just a normal correction that is why I'd never see this has a huge impact on the market, maybe if it is more than that but it wasn't the trend we experience and I think that people had kept their trust than being doubtful.
With what is was shown, I'm confident that we can see the market price turns green again. Might expect a price rally next month and onwards.

[crzy]

As a result of the affirmation of the cryptocurrency being banned in China, the price of bitcoin fell by 5.5 percent last week. Even the price of bitcoin is currently down 5.86 percent to around $41,106. When compared to last week's price, the price of bitcoin is down 13.15 percent.

This is normal reaction of the market and its not new anymore because China almost banned everything, especially the international brand like Facebook, whatsapp, google and many more simply because they are creating their own platform and that’s how communism works, I wonder what would be the effect of digital yuan to cryptocurrency. Same FUD from China but they can never stop their people from owning crypto.

[EdenHazard]

Ha ha... China always come to such news to dump BTC lol. This is now very normal in crypto market. Don't know exactly why the market crash again today. But this could be a reason also. Because know after such news market will crash temporary. So why they don't take the opportunities of sell and buy back.

The dump of market is temporary. If we see back history of bitcoin we may see there are lot of news and pump dump game in crypto. But it was not last long. Hope this time also happen the same thing and bitcoin will rise again with more power.

temporary but still it could have a huge impact...  think about how the last time they did this and the market crashed to 6 months low. prepare for that, even though this time could be really different as there is a lot of instituions, professional fund manager and a country that adapted bitcoin as a currency get involved ... preparing always a better option rather than putting too much confidence. sivis pacem para belum.

nobody knows also how much china government holding in bitcoin, with this continuous crazy sentiment from china... i can only see that the currency war has begun since long time ago.

[STT]

We cant be surprised by this, China has capital controls to restrict the flow of currency available to their people.   When the central bank prints in this country its even worse then here because they are left with little alternative where as USA or anywhere normal does allow the purchase of alternatives to the dollar.   BTC was far too convenient and flexible to be allowed to continued, you can take this ban as a negative or see it as a problem for communist overlords because BTC was a threat to their domination and bullying of their people ie. its nothing negative on BTC itself.

[cabron]

They are seriously disallowing any crypto transaction so it's got to be another crackdown. Next year the news will be Chinese Government is Really Really Serious.

There should be news to see some Chinese investors going to be locked after being caught, I wonder how they will be able to find these investors sending transactions unless their 5G really is that effective in seeking these transactions and identifying personalities.

[lienfaye]

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

We are already aware on how allergic this country on crypto as a whole hence its not a new issue anymore and not the reason why there's a correction.

Even they renewed and widen the ban for crypto transactions I doubt that it will have an impact to the market since it happened already in the past and investors are used to it.

Unless if you can be easily move by this news that can make you panic because only newbies are behaving like that.

[Fredomago]

They are seriously disallowing any crypto transaction so it's got to be another crackdown. Next year the news will be Chinese Government is Really Really Serious.

There should be news to see some Chinese investors going to be locked after being caught, I wonder how they will be able to find these investors sending transactions unless their 5G really is that effective in seeking these transactions and identifying personalities.

Something interesting to watch out, if they can really track each transactions and crack everyone who still dealing with crypto it surely be another issue that will shake everyone from China to follow the government rules, we know the fact that there are many big players behind who still supporting and engaging with crypto they are now the target and sooner or later we will see more impacts to comes out.

Let China take care of whatever they wanted from their people and leave Crypto to those people outside china to continue doing what is best for this industry.

[michellee]

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.