China Is making Fuds Since 2017, But BTC Always Gone higher

[Bila0]

Hi guys as mostly readers would be crypto related. And China is Always big market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.

[Kaylana]

I think OP overestimates the policies of the Chinese government. China's influence on the encryption market is getting smaller and smaller. This time, there are even no waves. These are just the information boasted by the media, which has no practical effect. If the encryption market is so easily affected, you can't see the development of bitcoin in recent ten years.

[StanleyBoyle]

The decline in the past few days is also related to China's once again restricting OTC merchants. Many media and market analysts are scared to update their content.

[Ausgewielt]

I have been investing in bitcoin since long time ago and I am not surprised about bad news that related to China. Maybe this time China move too far. I think China should give their citizens freedom in economic activity. I heard that china help their citizens to build a business but it is disappointing when China make a bad regulations regarding bitcoin and other cryptocurrencies. For me bitcoin is a part of future, if china strongly against bitcoin then in my point of view they don't want to get a good future.

[bittraffic]

I have been investing in bitcoin since long time ago and I am not surprised about bad news that related to China. Maybe this time China move too far. I think China should give their citizens freedom in economic activity. I heard that china help their citizens to build a business but it is disappointing when China make a bad regulations regarding bitcoin and other cryptocurrencies. For me bitcoin is a part of future, if china strongly against bitcoin then in my point of view they don't want to get a good future.

That is a suicide for the CCP of China because giving economic freedom to their people will cause independence to the richest group of people who could unseat Xi Jin Ping as a ruler. That's not good for them and it's better for crypto to stay out in China. They are already threatened with its borderless properties.

The banning of crypto fud is recycled almost every year but still makes retail investors panic, the fear of losing money is really scary but they are happy to spread fud every year.

[zanezane]

There's also more people that's totally new to crypto and the Chinese FUD that spread around it so there's really not much change besides the fact that bitcoin goes up in value. The newbies will always panic sell, we should know that by now it's not that hard to think, a little psychology and basic economics goes a long way.

[TheNineClub]

The idea that a single (albeit huge) entity, in this case, a government can crash something that is in its essence worldwide and decentralized is ridiculous at best. This has progressed from the point of no return and as with everything, not everyone will embrace it with open arms. That is completely ok but it will not stop what we have going here.

[PastorNick]

Yes, you can always trust btc. China's influence on Bitcoin is getting smaller and smaller. This is a good thing. The more decentralized the btc, the better the future of Bitcoin.

[STT]

China has been creating FUD since the fifties, its mostly been to the detriment of its own people and an aid to the elite within that country often at the cost of deaths to the normal population.   Their latest set of actions have sometimes included kidnapping the rich heads of industry to remind them they live under the gun not the idea of efficient business and profit.  There is little to respect in the actions of a party that uses violence as their logic, Im far more interested in India finding the right path if we are merely discussing large countries or just Asia in general has to get past what negatives China might construct in its regional influence.
  Same is true for western government, if BTC only relies on politics for positive or negative attitude in its gains I dont expect it to last as it must be far beyond reliance on failing historic currency standards and the political over shadowing that has occurred and obstructed economies for years.

[dothebeats]

It's not only in 2017. It actually started in 2014 and people just kinda got used to it as time passed. The market will eventually get used to the happenings revolving China and will try its best to not sell or buy during the event. Their government only releases statements and mentions of 'crackdowns' but it only lasts for a short while before the news die out and get covered with other news. The market has since matured, and if in 2015 any news from China might dictate the price action of bitcoin, today they don't really matter as bitcoin grew big for a single country/entity to influence it.

[Bollexz1]

If anyone sell off his/her bitcoin because one authoritarian government doesn’t like it, then it is clear that such person don’t understand Bitcoin and however not deem fit to be in the crypto space.

[jossiel]

Hi guys as mostly readers would be crypto related. And China is Always bug market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.

If they crash it to $20k then that's still a fine price. After going from the lowest price that it can a few years ago and if it goes back to $20k which was the ATH of $20k then that's still good.

They've been doing that so not surprising if they do it again.

[palle11]

If anyone sell off his/her bitcoin because one authoritarian government doesn’t like it, then it is clear that such person don’t understand Bitcoin and however not deem fit to be in the crypto space.

Yes you have said it simple way. China made the worse attempt to cripple bitcoin and cryptocurrency in 2017 when adoption then can't be compared to 2021 but it didn't stop the growth and bitcoin rose higher to an ATH high then around $20,000. At this time with high adoption, people don't need to panic selling except newbie feel not to lose the worth of hodling to sell but will come back to open thread of regretful comment and mistake to sell in rush for fear. Bitcoin price will increase more despite China's fud.

[Renampun]

In this year alone, China has made FUD for bitcoin several times "lol"

China is a country full of drama about cryptocurrencies but what they do is totally useless. China can pressure its citizens not to own or buy bitcoins but what about citizens in other countries? no one will listen and carry out Chinese orders.

[Barinekapaul]

If they crash crypto to 20,000 Dollars or not in coming months.

I strongly believe the reduction in BTC price will not fall to the $20k benchmark as predicted,
and despite the negative impacts china are trying to bring into the crypto market.

[amishmanish]

"China, Who?"

[wxa7115]

I think OP overestimates the policies of the Chinese government. China's influence on the encryption market is getting smaller and smaller. This time, there are even no waves. These are just the information boasted by the media, which has no practical effect. If the encryption market is so easily affected, you can't see the development of bitcoin in recent ten years.

The Chinese government forgot one simple truth, the more they use a particular move the more ineffective it becomes, and since I have been part of the market I do not remember a single year in which China did not banned bitcoin or took strong steps against it.

Basically at this point anyone that has been here for a few years knew this was coming so we are not surprised or affected by it, and I think that is precisely what we are seeing with the price.

[verita1]

China banned bitcoin. Already the crypto community sees it as a meme. I can only say: China again with an annoyed face.

There is no doubt that we can see that the crypto market is affected because cryptocurrencies fall. But not everything is negative because if we have the opportunity to buy some of them at a discount, so to speak, this is our opportunity.

Despite China's FUD, bitcoin is foolproof and will come out undefeated. Bitcoin and cryptocurrencies is the way out of the economic crisis and we know it.

Stay safe guys! Let's not panic!

[jaysabi]

Hi guys as mostly readers would be crypto related. And China is Always bug market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.

What China is doing doesn't fit the definition of FUD.  FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country.  They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan.  Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.

[wajik-tempe]

What China is doing doesn't fit the definition of FUD.  FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country.  They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan.  Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.

But it's still categorize as FUD if the news is not true and just make fear to the investors.
We heard about china banning bitcoins multiple times for the past years, but they don't really ban it actually. Recently i just saw the tweets from justin sun said china loves bitcoin and the news of bitcoin banning in china is wrong, so this means the media are spreading the FUD.
If china is really ban bitcoin then it's not FUD, but the real thing happened there.