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

[Sithara007]

The OP is wrong. I first purchased my coins in 2014, and I could remember that during that time there was a major crash due to some FUD from China. There were talks about exchanges getting banned and BTCChina was forced to shit their operations from mainland China to Hong Kong. And since then, on a regular basis I have witnessed various episodes from China of varying magnitude. But in all these cases, the impact lasted for only a few months at the most and the exchange rates recovered soon after that (not sure whether the same will happen this time as well).

[jaysabi]

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.

There's no news that "isn't true" in this case, which is why it's not FUD.  China announces that all crypto transactions are illegal, but some crypto enthusiast tweets China loves bitcoin and it's not banned.  Somehow, I think the actual government has better information on what is banned and what is illegal than someone who has a vested interest in crypto not being banned.  I don't know what the opposite of FUD is, but if what you say about Justin Sun is true, then he's clearly spreading it by posting things that are demonstrably not true about crypto in China.

[Vishnu.Reang]

There's no news that "isn't true" in this case, which is why it's not FUD.  China announces that all crypto transactions are illegal, but some crypto enthusiast tweets China loves bitcoin and it's not banned.  Somehow, I think the actual government has better information on what is banned and what is illegal than someone who has a vested interest in crypto not being banned.  I don't know what the opposite of FUD is, but if what you say about Justin Sun is true, then he's clearly spreading it by posting things that are demonstrably not true about crypto in China.

I checked his (Justin Sun's) Twitter account and all he said is ”not to be too pessimistic.” How you want to interpret this is up to you. He is claiming that there is no ban on "cryptocurrency possession". I am not sure about this. When they are saying that all the cryptocurrency transactions are illegal, my understanding is that it includes the storage of cryptocurrency as well. The writing on the wall is clear. The regime is quite determined this time and they want to wipe out the usage of cryptocurrency in mainland China (probably also from Hong Kong, if they are able to do that).

[Reid]

Don't forget, we are human, we are bound to learn.
Once we learn that they are doing this on purpose we tend to adapt to it. There will be times we won't believe anything they would say anymore.
They may have the upper hand now to control the market because of being one of the countries that are growing but once Bitcoin is divided into a lot of users there won't be telling where the price would go.

[SquallLeonhart]

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.

China does have some power, and they do make it go down whenever they do something, that drop from 64k to 30k was mainly because china banned miners as well. However, the long term is not affected by it at all, I agree with that. They could make it drop for a short term, whenever they say something the price goes down but it is always a short term deal where they make it drop, eventually it goes back up and even more in the long term.

I believe that there could be some Chinese politicians who have some margin trading on shorts as well, by the looks of it they like to make it drop and that is how they make a lot of money, I know that sounds silly, but at this point anything is possible.

[pinggoki]

Goes to show that China hasn't and will never be the answer to decentralization as much as the hopefuls from the crowd and the government pray it out. There's just so many options with cryptocurrencies, especially bitcoin, that people will be willing to bounce back on a much more favorable ground and eventually enjoy the payoffs. People are quick to figure out as well that China will not say anything good about bitcoin and cryptocurrencies, so most of us just shrug news from China nowadays, effectively making it so that China has no real power over the market anymore.

Don't forget, we are human, we are bound to learn.
Once we learn that they are doing this on purpose we tend to adapt to it. There will be times we won't believe anything they would say anymore.
They may have the upper hand now to control the market because of being one of the countries that are growing but once Bitcoin is divided into a lot of users there won't be telling where the price would go.

This is exactly what I have in mind. A lot of us have been surprised to find out that these next few years, there hasn't been any major effects on bitcoin's price that is directly tied to FUD coming from China, when we just had learned not to give a damn about China basically.  The same will happen for every other FUD out there that the detractors will commit, we'll learn to shrug it off and move on to a much more beneficial discourse.

[Oasisman]

~snip~

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.

What do you call it then? Isn't Bitcoin's price pulled down? Several times everytime China announces about banning of cryptos in their country. It doesn't matter If they intentionally did that to pull the price down or not, that news still creates FUD to the investors. FUD doesn't literally mean to deliberately causing something to pull the price down, It could be something out of the intention that creates panic to the investors to sell their assets.
Another thing, are you sure they don't give a damn about Bitcoin or other cryptos price? I mean we can't be so sure about that.

[Issa56]

Seriously I believe China just want to kill bitcoin which is not possible, China have been trying there best to crash bitcoin and I believe they will still continue their best to crash bitcoin because they want to kill bitcoin which is not possible. The only thing China can do is too crash bitcoin price but they can't kill bitcoin and I believe very soon China news won't really have effect on bitcoin again but it will take time.

[finaleshot2016]

But, given the Chinese government's capacity to control the market and the fact that the majority of miners are from their nation, it's understandable that the price of BTC would decline if they implemented policies like prohibiting crypto all over the world. I'm very confident they're just playing the game, and the BTC price will undoubtedly rise again in Q4 as another speculator enters the market. They already announced it multiple times already but look, BTC is still alive and made already a lot of all-time high.

[Finestream]

But, given the Chinese government's capacity to control the market and the fact that the majority of miners are from their nation, it's understandable that the price of BTC would decline if they implemented policies like prohibiting crypto all over the world. I'm very confident they're just playing the game, and the BTC price will undoubtedly rise again in Q4 as another speculator enters the market. They already announced it multiple times already but look, BTC is still alive and made already a lot of all-time high.

Maybe gone are those days that Chinese government will be able to manipulate the crypto market and create a huge negative impact. This time, bitcoin and those other solid coins are even making a significant increase that is happening in that market today. Even though there is a huge population on bitcoin miners and holders that are based in China, still its not a valid reason that this crypto market will totally get dumped every time China makes fuds. China is nothing but a market crasher and that the market has learned to ignore whatever China brings to the market.

[AmoreJaz]

But, given the Chinese government's capacity to control the market and the fact that the majority of miners are from their nation, it's understandable that the price of BTC would decline if they implemented policies like prohibiting crypto all over the world. I'm very confident they're just playing the game, and the BTC price will undoubtedly rise again in Q4 as another speculator enters the market. They already announced it multiple times already but look, BTC is still alive and made already a lot of all-time high.

Maybe gone are those days that Chinese government will be able to manipulate the crypto market and create a huge negative impact. This time, bitcoin and those other solid coins are even making a significant increase that is happening in that market today. Even though there is a huge population on bitcoin miners and holders that are based in China, still its not a valid reason that this crypto market will totally get dumped every time China makes fuds. China is nothing but a market crasher and that the market has learned to ignore whatever China brings to the market.

i guess, we've been thru a lot already from these china fuds, and now the market seems not to greatly influenced by such news. yes, there's a lil bit of decline but it was not the major dump that a lot are thinking about. and the market seems to be recovering already. so yes, this kind of news seems to be ignored already. there are other good things happening aside from this negative news from china. so i don't think china will tell to themselves that they have great influence in this market.

[MIldic1c]

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.

The recent market decline is directly related to China. China’s policies have always had a significant impact on the crypto market, but China’s opposition to Bitcoin is not surprising.

[Melody kdl]

Since I learned about and entered the field of encryption, China has always had a negative attitude towards cryptocurrency, but Bitcoin continues to grow under the pressure of Chinese policies. Although there will be panic and volatility, I still believe in Bitcoin.

[Maeve@]

We choose to ignore this news. China’s international strength and status are well known. Every time China publishes a policy, it will cause the coin to fall. Although the price is falling during this period, I know that for the long term, this is not Great impact, it will pick up.

[patientforzhou]

If you followed the price of Bitcoin, you would not make similar remarks. Due to the sell-off triggered by China's FUD, the price of Bitcoin fell below $30,000 in May. However, in the face of stronger policy suppression this time, its price is still above US$40,000. It can be seen that the influence of Chinese policies on Bitcoin is getting smaller and smaller, which is an important step for Bitcoin to achieve complete decentralization.

[bryant.coleman]

Not every newbies know about this so there's really nothing to it besides the fact that we will continuously see people panicking over what China does because they don't know any better or they haven't done their research before getting in and now their surprised that's happening right now.

No surprise there. Even this time, there was a mass selloff from the newbies. Bitcoin is an asset that always provide good returns in the long term. But the same may not be true for short term or medium term investment. A lot of new investors don't know about this and they panic whenever the prices go down by 10% or 15%. They need to understand that Bitcoin is a volatile asset and it is not rare to have such fluctuations. And this is what happens when you invest in an asset without properly studying about it.

[mdgabrielzim]

Since I learned about and entered the field of encryption, China has always had a negative attitude towards cryptocurrency, but Bitcoin continues to grow under the pressure of Chinese policies. Although there will be panic and volatility, I still believe in Bitcoin.

China is against everything beyond their control and btc is something they will never be able to regulate or control, so they will always be against the currency.

[jrrsparkles]

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.

It maybe a coincidence or clear plan but on every bullish trend the ban news related to China involved so you no need to worry because the history will repeat so the bull run will come again even if the market acts bullish for months and years, just keep holding to make profits its easy strategy but many fails.

[newwest]

If we look historically now China for few years being against bitcoin and other cryptos. They want to introduce there own coin which they want to make it legal and not any other coin. We may have witness some dips wherever China takes actions but later on bitcoin odes make a comeback and reaches new highs. So if we see it is a good time to buy during those times.

[ven7net]

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.

I think that blaming China for the fall in cryptocurrency prices is a little unwise. You hear news about China, because it is very beneficial for someone to hear them, but where is the guarantee that the curators of the market crashes and its growth are located in China? Perhaps they are in the US? Why not? Moreover, as the latest news says, employees of the same FRS also invest in cryptocurrencies and use insider information. I believe that you need to look at the situation from a slightly different angle, namely, who benefits from it the most. And it turns out that in this case for China it is not profitable, but for the United States it is. But this is also just an opinion and what is actually happening is very difficult to understand. As for the next drop in BTC prices, they will certainly be, but when no one will tell you 100%.