China trying its best to get hated

[Melody kdl]

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 always been an image of a powerful country in the world. Every move will be noticed by countries and people around the world, and will be affected by emotions. China has always been different from the practice of most countries, and more and more people and countries accept virtual reality. When it comes to currency, China runs in the opposite direction, but there are many crypto enthusiasts in China, but the Chinese government does not support it.

[EewardDean]

In fact, many countries in the world oppose the popularization of cryptocurrency in China, but the influence of China alone can make the currency price plummet. In the future, we can see that many countries will ban the popularization of cryptocurrencies in their own countries, because this is only their own. This will exacerbate money laundering and illegal activities.

[Louis Harper]

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 owns its own currency, and they are also for the benefit of its own country. China's strength cannot be underestimated, and the economy is strong enough. They do not want citizens of their country to generally accept cryptocurrency, so that their country's currency will naturally be adopted at a lower rate. It’s not surprising that some people support cryptocurrency and others oppose it.

[Maeve@]

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 that China's policies have affected cryptocurrencies. When Bitcoin and other currencies fall, it may give us all a chance! Let us have the opportunity to buy Bitcoin at a low price! Thank China!

[Gyfts]

I find your moral compass to be obtuse.

The communist nation of China, when they round up millions of uyghur muslims and subject them to concentration camps in which their heads are shaved and forcibly sterilized is not the time to hate China, or to mention their behavior, but an empty threat (as in no enforcement in the present, perhaps in the future) of banning crypto and that's the time to hate?

[suryogandul]

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 repeatedly has a policy of being very unsupportive of the crypto market and appears selfish in its policies. i think china may have a specific purpose and china doesn't want other countries to be able to compete with china in crypto, so china is issuing unreasonable policies

[A BLackPearl]

Slowly China's impact on bitcoin is getting smaller and smaller until there is no impact. There may be a part of the price of Bitcoin. The reason is because China's encrypted currency enthusiast sells the coins in his hand, causing a short time to encrypt the currency market.

[Ultegra134]

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 repeatedly has a policy of being very unsupportive of the crypto market and appears selfish in its policies. i think china may have a specific purpose and china doesn't want other countries to be able to compete with china in crypto, so china is issuing unreasonable policies

That's true, China was never supportive of cryptocurrency, despite having large mining operations. This isn't something new, a quick look back in the past few years will reveal a lot about China and its policies against the freedom of its citizens. Such incidents will definitely affect the market, up to a degree, however, its impact won't last long and will recover eventually.

[michellee]

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?

You must hold on tight to your bitcoin, sit back, and enjoy the moment if that happens. If you have money, you can buy whatever coin you want to buy, not just bitcoin because altcoin will go down behind bitcoin. China's government will see what will happen to their country and if that means the major investors will leave their country, let it happen. Even if the bear market is coming, you do not have to worry about the bear market because the market will recover and will have another bull run.

[Wildwest]

Now there is a decline in the world of bitcoin, and this is the result of the chinese government banning bitcoin transactions in all regions, if this is true then they have expelled big investors who have previously been so many in the country, I think this is the wrong decision taken by the government let alone China is already known as a business country that is already so big in the world, We as crypto users do not worry about the decision of the chinese government at this time because there are still many other countries that are currently developing the crypto world to be used as a transaction tool.

[Marykeller]

China has never believed in Bitcoin as the king of cryptocurrency. Due to the hatred, they have against Bitcoin they placed Bitcoin in 10th position as their most favourite coin.
I will not be surprised if China ban crypto tomorrow but before then, let's see whether they will have a rethink of having their digital coin before then

[WontRegret]

For Me its like China bans BTC for 9999 times. We can expect these news after next BTC halving too.. They are going to ban BTC for 10000 times after 4 years Lol

[Ararbermas]

Yep they're trending now in the space because of a bunch of negative news from them around the internet , but perhaps a lot of people will see the real reason as well why china is so hated in crypto currency nowadays. Infact it's very obvious tho wherein since they created their own digital currency they're suddenly become against to crypto.. So that means china wants to take over crypto?  because you know there's no other reason to be honest why they keep trying their best to get hated with crypto. Smell not good.. Lol

[cheezcarls]

Well yes but not just in Bitcoin and cryptocurrency crackdown, but here are some:

1. The Great Firewall (banning Facebook, Google, etc.)
2. Limiting gamers below 18 years old in playing video games to just 3 hours a week
3. Cracking down on big tech companies
4. Cracking down on showbiz and celebrities

And so on.....

It would be hard to live in China with these certain events, especially that all Bitcoin and other related crypto transactions are deemed illegal.

[Silberman]

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?

Let them, they had the best position to take advantage of the revolution that is coming, it is known the leaders of China are sick of the US dollar being the dominant currency around the world, and out of nowhere they had access to the best tool possible to challenge that supremacy, they had bitcoin and even if they could not control it they could have supported it to try to undermine the US, but now they have rejected it and many other countries will get the benefits while they watch from the sidelines.

[Dilladupak]

What do they really expect from all this?  News of resistance to Bitcoin has occurred dozens or even hundreds of times, and this has really had a devastating effect on the price of Bitcoin. So the big whales buy Bitcoins in huge amounts, then they sell them and earn huge profits. 
From now on, ignore the bad news from China anymore, don't be swayed and stay calm. The more opposed and hated by China, Bitcoin will actually be more popular and have a high price.

[Sweetbtc]

Although it affects the market negatively when China puts out their stupid FUD BS, people are getting used to it and are realizing China really doesn't make or break the crypto market in the long term. China censored/banned some of the greatest innovations already; Google, YouTube, Amazon, etc. China wants social control of their people and assets. People are starting to realize this with crypto and China now. I think we'll continue to hear FUD from China on cryto, but the negative affect on the market will be less and less, in my opinion.

[kojektea]

China is the country with the largest economy in the world. Even this country is not as strong an economy as america. However, they banned the circulation of bitcoin. And of course the impact is huge. I think china first banned it in 2018, it had a huge impact on cryptocurrencies, even from as long as I was in cryptocurrency it was the worst bear market in history.

[Theones]

What does he care about China's role? why should we focus and make China a center of study on crypto growth? We have to stop them, and let China get rid of the crypto world. China's ideology and state system will cover all economic, social and political sectors. Influence in one command.
We just need to do something so that in the future Bitcoin does not fall into countries like China at that time.

And that's the idea of Satoshi i.e. to introduce a decentralized p2p cash transfer. Too much powers in the hands of one person, community or a country is against the concept of bitcoin i.e. decentralization. We should be happy that China is isolating itself from crypto and more joyful thing is that BTC is stable not crashing after this news broke out.

[Fesatmas]

Yep they're trending now in the space because of a bunch of negative news from them around the internet , but perhaps a lot of people will see the real reason as well why china is so hated in crypto currency nowadays. Infact it's very obvious tho wherein since they created their own digital currency they're suddenly become against to crypto.. So that means china wants to take over crypto?  because you know there's no other reason to be honest why they keep trying their best to get hated with crypto. Smell not good.. Lol

We know China's position, but to love crypto, hopefully it doesn't embody China's selfishness in the future. However and for whatever reason we who are outside China, live with our own financial freedom, don't get caught up in the currents and waves that China has deliberately set as a trap. Investors should avoid China, if they don't want to be enslaved just because China offers its crypto. Gradually China will only make their partners as slaves to achieve their ambition as the strongest country.