New (old) FUD coming from China?

[passwordnow]

~
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.

In this market, whoever sends the bad news is totally either of two, really hates crypto or accumulating. It's been seen many times that whoever has made those news, eventually, they were known to be also part of those accumulators that are collecting as much as they can.
So it is really likely that we'll see that expose soon but if not, then they'll stand on their statement and acts that they're prohibiting their country to thrive towards crypto but just as what we feel, this is literally a fud.

[slaman29]

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.

As I was mentioning in my last comment, I think a lot of people misunderstand the true situation in China. And I don't even know what it really is, but if you get the chance to speak to Chinese people who are actually using Bitcoin, none of this FUD has ever bothered them. Same as the last mining FUD, did we see miners panicking? No, we saw them happily pack up and go elsewhere.

I think markets always react, right or wrong. The truth is what long term brings price up.

[TheGreatPython]

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.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

[$crypto$]

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.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

People are no longer panicking about what China is doing with the hot news, even it was long before China had planned this and really wanted to destroy cryptocurrency and replace it with what they made with all efforts to ban it on a large scale but now bitcoin still remains firmly above $40k, now with China wanting to build that they will control themselves like cryptocurrencies, there are already a lot of opposition in other countries, is this effective to continue to do?

I won't panic if the FUD comes from China, it's all in vain and bitcoin will still be victorious in many communities, even though Chinese miners make a lot of their mining tools, I'm sure they will definitely return to mining.

[Smartvirus]

China is never tired of coming up with more and more FUD. The finny thing is, which ever way they go, they are always faced with the same result and yet, they throw yet another stunt. Its really surprising of them how they hold up but, there could be a different game at play. A game of actually creating in the mind of bitcoiners the instability of bitcoin to be on a negative side, the side of a dump and eventually trigger a massive sell. With the market yet to recover, they would promote just another FUD to keep it going bearish but, we all know this is going to be impossible so, the Chinese government can just stop this at once.

[Hippocrypto]

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?

Old news like this shouldn't be put into a very serious things, some frustrated investors just did it for deceptions. They're trying to fool other new comers and sprouted FUD in order to threaten them not to buy bitcoin.
Unfortunately it ended up a mess, since everyone was doing a fact checks and found out old news kept on spreading without any legit information as support.
I would rather recommend, ignoring this type of non sense just to avoid possible panic or demotivations.

[YuginKadoya]

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

[ultrloa]

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder since from that for sure we will not affected from value decrease hitting up at the moment.

[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.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

They fail more if they are still trying to spread their FUD as crypto users are now more clever than they think. They think that their bad news will always work, but not like that. Their bad news will only work if people do not have a strong hand to hold their coin and still buying when the price is down. China only wants to use the moment to buy more bitcoin for themselves.

They are preparing their stable coin without giving updates because they want to keep it secret until they announce it to the public. They give bad news for crypto users but on the other side, they will offer a solution to solve this problem by using their product. That is a marketing strategy that many people do not realize.

[Rimueng]

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?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

[Questat]

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?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

Worries of some people might stay, as usual, can't blame them anyway as they still don't understand it. But looking at the trend in regards to the recent issue of banning again, I think people had learned already and only a few people did sacrifice their coins while the rest keep on holding. Well, I suppose to expect that since having this issue is not new to everyone and we know the aftermath of this and that was a market surge.

[YuginKadoya]

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

[Oasisman]

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.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

[arwin100]

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

Exactly because getting panic on what situation occurring is not helpful to us since we might drop a bad decision since we are disturb by certain instance, that's why we need to be calm and be cautious on how the market goes at the moment since maybe from that we can define the dip then we can convert it to profit by holding it in short or long term period based on decision we want to made with it.

Obviously those spreading fuds on NFT games are those people who doesn't have money to buy those established NFT games and jealous for what they see on their current investors.

[Jating]

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?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

But there could be other reasons and not just this supposedly FUD coming from China again.

Bitcoin future expirations usually take the price down every 3rd or 4th week of the month. And for me this is one reason, why we have a sudden crash again to $41k. But after it has been settled, it will recover very fast and then the cycle continues.

So for newbies, don't be dishearten and affected by every news coming from China or the downturn on the last week of every month because of bitcoin future expirations. The market will not go on parabolic rise. We might hit $52k again or even more in October.

[dunfida]

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

Exactly because getting panic on what situation occurring is not helpful to us since we might drop a bad decision since we are disturb by certain instance, that's why we need to be calm and be cautious on how the market goes at the moment since maybe from that we can define the dip then we can convert it to profit by holding it in short or long term period based on decision we want to made with it.

Obviously those spreading fuds on NFT games are those people who doesn't have money to buy those established NFT games and jealous for what they see on their current investors.

Experienced people wont panic out but considering that there are lots of newbies or noobs on this market or to those who had just recently jumped in then it cant really be avoided that reactions like this would really be that common.Being calm is something that you cant see with those people but rather being wary and being anxiety on the situations.

FUDS are pretty common on this market or lets say its always been part and as an investor or trader then you should really prepared on what are things to come
and act accordingly on it.

[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.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

You are right and I think they are trying to manipulate what happened in their country, especially for the negative news of bitcoin that happened before. They pretend they do not like bitcoin, but they have their own agenda by saying like that. They are good at manipulating and playing with the negative news and making people out there panic because of reading their news. Hopefully, that will not make people, especially from outside China, worry about the news and still try to get involved in bitcoin.

[stadus]

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.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

You are right and I think they are trying to manipulate what happened in their country, especially for the negative news of bitcoin that happened before. They pretend they do not like bitcoin, but they have their own agenda by saying like that. They are good at manipulating and playing with the negative news and making people out there panic because of reading their news. Hopefully, that will not make people, especially from outside China, worry about the news and still try to get involved in bitcoin.

If they are manipulating, it will be only for their own good, not for their people as they ban crypto while they are holding bitcoin. Anyway, it's just speculation that the government is really holding as they don't publicly announce that, so let's see what could be the possible purpose of China if they hold bitcoin while they are making regulations to ban bitcoin and related cryptocurrencies in their country.

[Fredomago]

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.

As I was mentioning in my last comment, I think a lot of people misunderstand the true situation in China. And I don't even know what it really is, but if you get the chance to speak to Chinese people who are actually using Bitcoin, none of this FUD has ever bothered them. Same as the last mining FUD, did we see miners panicking? No, we saw them happily pack up and go elsewhere.

I think markets always react, right or wrong. The truth is what long term brings price up.

We are unsure with the real situation and if you are saying that people who are in China who use Bitcoin is not being bother with this news, something that really confusing, or it's the negative news that wanted to drag the price down to make it cheaper for bagging, whales are doing all the best that they know to provoke investors to sell out their assets.

Not good, but if you are aiming for long term, it won't affect you since you do believe that the market always has the capabilities to bounce back and recover.

[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.

There will never be regrets for China on whatever step they take to cryptocurrency. Remember, China loves financial manipulations. One of the most famous financial manipulations they're good at is the "debt trap".
Now, after several bad news they made from the past there are always a negative price reactions. Well, maybe because more than 50% of Bitcoin mining globally was based in China, thus people is always afraid when China announces about massive banning of cryptocurrency. This has been going on many times.

You are right and I think they are trying to manipulate what happened in their country, especially for the negative news of bitcoin that happened before. They pretend they do not like bitcoin, but they have their own agenda by saying like that. They are good at manipulating and playing with the negative news and making people out there panic because of reading their news. Hopefully, that will not make people, especially from outside China, worry about the news and still try to get involved in bitcoin.

If they are manipulating, it will be only for their own good, not for their people as they ban crypto while they are holding bitcoin. Anyway, it's just speculation that the government is really holding as they don't publicly announce that, so let's see what could be the possible purpose of China if they hold bitcoin while they are making regulations to ban bitcoin and related cryptocurrencies in their country.

I guess they will not publicly announce that like what El Salvador does

China will keep that for themselves and if they hold bitcoin, they will hide it from others. What they have will for them, what others have will be for them too

Maybe they will still try to manipulate and spreads the negative news to the public. Hopefully, the market will not get the impact from that and can stay calm while preparing for the next thing that can happen.