China trying its best to get hated

[Oasisman]

I'm starting do doubt the China tricks on Bitcoin price.
It could be some sort of price manipulations after so many bans they did before and it will always have a negative impact on Bitcoin's price. So, why not make it a regular habit everytime Bitcoin's price is high, pull it down a little bit and then will start another bullrun when China lift the ban again.

[flip4flop]

It is a bit ridiculous that China keeps playing these games and yet we still see the ETH hashrate at its highest point again today. I get they are trying to push the digital yuan and they can control their population pretty well i some aspects, but I truly do not see much if any real enforcement of this ban.  Its more setting the stage for the eventual move, except they have been doing that for 6 years or so now. At some point, they have to either enforce it or stop talking about it.

[JohnBitCo]

I honestly think that people are starting to get really sick of China's behavior.


What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).


Should we really expect a bear market?

I don't think this is the plan for the Chinese to cut them from crypto. I still believe all this is Fud to create the panic or buy bitcoin cheap. Whatever be the reason, Chinese will not leave cryptocurrencies. Lets wait and see how things turn up this time.

[davis196]

The hatred only comes from crypto supporters who see China as a barrier to global adoption or creating bearish sentiment. So far don't know the exact percentage of the entire human population that actually supports crypto. If it was only a small part, then this hatred was nothing to them.
But who denies that China is a great business paradise? Chinese people will not really run in that country because their government offers better things (in their opinion), on the contrary they always attract the attention of non-Chinese. And in fact, China dominates the technology market share worldwide.

China is a "business paradise" only for the companies,that are willing to pay bribes to members of the Chinese government and the communist party.China is at 85th place in the "Doing business" ranking,which was made by the World Bank AFAIK.They moved from 85th place to 78th place.This is still far away from the best countries in this ranking-Singapore,Switzerland,Taiwan,New Zealand,Australia,USA,etc...
China relies on cheap labor and stolen technologies from the west.These are two great advantages,but that doesn't mean that doing business in China is easy and fun.
I hope that the crypto world will start ignoring all the FUD coming from China.

[ilovealtcoins]

Maybe they are clearing the way to prepare to launch their own national cryptocurrency CBDC. I'm not too bothered about the bans because they've done it many times before. Although the Chinese government bans Bitcoin and cryptocurrencies, I still believe that the people of this country will not give up on cryptocurrencies. Now that Houbi has banned Chinese users, it will be an opportunity for Chinese people to join decentralized trading platforms.

[Oceat]

Maybe they are clearing the way to prepare to launch their own national cryptocurrency CBDC. I'm not too bothered about the bans because they've done it many times before. Although the Chinese government bans Bitcoin and cryptocurrencies, I still believe that the people of this country will not give up on cryptocurrencies. Now that Houbi has banned Chinese users, it will be an opportunity for Chinese people to join decentralized trading platforms.

This is probably one of the reasons why China keep on releasing the Bitcoin FUD but if they don't want to let their people stay away with Bitcoin they should have done it already in the past. And now, seeing it again makes it more annoying instead plus most of the people are still bothered with it that they sold their coins after the dip as if this is going to bear market already.

I'm still surprised though that Bitcoin is still holding to $40k+ price instead of going down to $20k or something which is most likely closer to the bottom. But people nowadays did learn their lessons in the past. One thing I could say to Chinese fudster since their moves is more like a political agenda. You can fool most people but you can't fool all of the people.

[nurilham]

there's a lot of bad news about bitcoin out there, it's just a matter of how we filter the news. China has done that several times and to be honest it's not have effect on this volatile crypto market. honestly, i don't care about countries out there that ban crypto and vilify crypto, I only care about my own crypto assets and how I can achieve the goals that I want. It should be underlined that the crypto market cannot be shaken just by bad news out there, there are still many people who invest and believe in crypto so that crypto is also growing.

[Harriett]

From the perspective of Bitcoin prices, the Chinese government's influence on crypto is getting weaker and weaker. China's A-share market has fallen sharply these days, cracking down on crypto, and then letting funds enter their stock market.
In other words, you can lose money on the stock market, but you cannot lose money on cryptocurrencies.

[Salamstar]

I honestly think that people are starting to get really sick of China's behavior.


What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).


Should we really expect a bear market?

China has banned cryptocurrency trading about 12 times this year, however I think seasoned traders were ready for these decisions and they ignored the bad news coming out of China, they even bought on the dip.

[magnum1010]

I honestly think that people are starting to get really sick of China's behavior.


What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).


Should we really expect a bear market?

To my mind China will stop at nothing just to have complete control over people. They want to control and regulate not only finances, but also their private life. It is due to its political structure. We see that their new regulations against crypto cause new falls all the time. But actually, I saw statistics that bitcoin's price have recovered more than 20 times after constant chinese statement against it.

[Assface16678]

They are making opportunity for themselves with this ban, making sure that the market will crash and buy at low price. They are just repeating what's already done and this time for sure people will just neglect what ever they will do next. People should learn from this as it will create a doubt for those who wanted to start crypto.

[ice18]

They are making opportunity for themselves with this ban, making sure that the market will crash and buy at low price. They are just repeating what's already done and this time for sure people will just neglect what ever they will do next. People should learn from this as it will create a doubt for those who wanted to start crypto.

Maybe you are right, What if they manipulated all of this FUD and secretly buying the dip, what is surprising is that, China clampdown crypto activities but they allowed their citizen to hold crypto, so crypto is not totally banned in China as you are free to hold it on your personal wallet. 

[btc78]

I honestly think that people are starting to get really sick of China's behavior.


What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).


Should we really expect a bear market?

china had already anticipated everything before they act mate, yeah there are investors taking then money out of china but Chinese government knows that they can even stand without them.
do you really believe that they have not put eyes on this situation?
lol one of the oldest country in the world and the most growing country now.
they will not do a thing that will make their people and country miserable .
just wait and see how can they handle this and how can they survive from this  mate.

[terciduk123]

September 2017 - People Bank Of China "bans" crypto then market dipped before surging to a $20K ATH.

2018 to 2020 - China cracks down on exchanges, miners, and everything in between hehe.

September 2021 - China "ban" on crypto again. Sounds familiar now? Let's see if history repeats itself.

They do not really care whether they are hated by those who liquidated or crypto enthusiasts. They do what they like since they can. Let's also not forget that they are getting ready for their CBDC.

That's right, Maybe they want to buy more Bitcoin at a low price. When the FUD from china is issued, it can be a good time to buy, because usually there will be a big pump after the FUD.
Please note the Chinese government holds more than 194 thousand Bitcoins or the range of $ 10.7 billion USD. I found this information here

[bryant.coleman]

I honestly think that people are starting to get really sick of China's behavior.

What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).

Should we really expect a bear market?

China doesn't lose much if the miners shift their operations to neighboring countries such as Kazakhstan. Because the tax revenue from this sector is really low and the high energy consumption from the mining farms has resulted in power shortages in some of the provinces. In the future the Bitcoin prices may go up by 10x or 20x, and at that point the regime may regret about the crackdown. But until then, they are not going to care. The CCP still believe that their CBDC (e-CNY) will be able to replace Bitcoin, at least within mainland China.

[lovemycar]

Every time I talk about China I don't want to care and don't like this country. Because China is a barrier to global adoption or creates bearish sentiment. The market is manipulated by Chinese whales and the government. It means they don't ban the market. Who will ban if they can abuse the market and their ban hammer for profit?. But the more China tries to ban bitcoin the more bitcoin is going to rise in price.

Isn't it a good thing for us Bitcoin holders? Besides, the behavior of the Chinese government will not affect Bitcoin, but it will give people some negative market sentiment. That's it, I hope that the Chinese government's policy will be more stringent, which is a good thing for Bitcoin.

[slaman29]

This is probably one of the reasons why China keep on releasing the Bitcoin FUD but if they don't want to let their people stay away with Bitcoin they should have done it already in the past. And now, seeing it again makes it more annoying instead plus most of the people are still bothered with it that they sold their coins after the dip as if this is going to bear market already.

I'm still surprised though that Bitcoin is still holding to $40k+ price instead of going down to $20k or something which is most likely closer to the bottom. But people nowadays did learn their lessons in the past. One thing I could say to Chinese fudster since their moves is more like a political agenda. You can fool most people but you can't fool all of the people.

As much as I'd like to think the same, I really don't think China is doing this so much because they're against Bitcoin, but because they want their people to get on board with their digital yuan.

Plus, the problem is there are much much more scams going on now that are using the name Bitcoin, making people fall for them and who else do they turn to for help if not the government?

China probably would like the people to be educated about Bitcoin use but until they can be safe, easier to "ban" the professional trading of it first.

[KingsDen]

CHINA!
The is a country with futuristic leaders.
This is a country fighting for international governance.
This is also a country that cares for her citizens.
It was this country that gave bitcoin an open hand and after a few years they are making a U-turn.
What actually did they see?
Is it a case of "a saviour turned judge"?

I strongly believe that one or two of the following is the cause.
1. Either China has seen far the future of bitcoin and wants to avoid a bad fate.
2. It can be that China is investing in Bitcoin and manipulating the price.
3. Maybe they want to have a strong digital currency whose only threat will be bitcoin, hence the battles against Bitcion.

[Imran232]

They deserve it. I don't understand what China wants from this world. They are always doing something cheap. It looks like they are always trying to find something to staff. They create a mad scene in this world. They are anonymous to the world. They are data theft for the world. They are well-known hackers around the world. Now they are the distroyer of finance for the crypto world. What they want to do next. Because of their activities, they deserve more hate from the world. Do you guys think the same?

[BuNga_cute]

They deserve it. I don't understand what China wants from this world. They are always doing something cheap. It looks like they are always trying to find something to staff. They create a mad scene in this world. They are anonymous to the world. They are data theft for the world. They are well-known hackers around the world. Now they are the distroyer of finance for the crypto world. What they want to do next. Because of their activities, they deserve more hate from the world. Do you guys think the same?

China wants to dominate the world through the economy, therefore they try to do all kinds of ways to be able to control the world economy.
Including spreading FUD to drop Bitcoin, because China feels Bitcoin will be a threat to their digital currency. So almost every year there is
always negative news coming from the Chinese government, It's only natural that China gets so much hate from Bitcoin supporters.
I as a supporter of Bitcoin really hate what the Chinese government is doing, they will never stop until Bitcoin dies. So what we need to do
as Bitcoin supporters, can only be patient and ignore any FUD spread by the Chinese government.