China Bitcoin Ban Again? Whenever In Doubt, Look At This List

[TedMosby]

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin 

[1715210163]

1715210163

[Kaylana]

This does not affect Chinese friends to use the websites on the list. Many of my discord groups have people from there. It's like bitcoin can't be banned.

[mindrust]

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin 

That's quite right. They always bring their own version of every tech and ban the westerner version. That's how China deals with the west but it is not like it won't have any impact on bitcoin. It will have its consequences. Millions of (some may even say billions) Chinese people will be forced to use the C-BTC and that's probably create a pressure on the btc prices. In the long term it will be fine... unless the west bans it too.

[SoeNan89]

The Chinese government is increasingly intensifying its crackdown on cryptocurrency trading. China will strictly eradicate the illegal activities of trading Bitcoin and other cryptocurrencies. China will also issue a nationwide ban on cryptocurrency mining.

About 10 Chinese government agencies, including the central bank, banks, securities, foreign currency regulators in their joint statement will impose a ban on crypto trading.

China Strictly suppresses virtual currency speculation, and related financial activities and behavior to protect people's property and maintain economic, financial and social order.

[Wind_FURY]

Thank China. It has given another opportunity for people to buy the DIP again. Open a chart, and plot every announcement/threat from China to “ban Bitcoin”. Every one of them if bought are in profit, except for the last two threats, which will also be in profit when Bitcoin goes six digits.

[SquirrelJulietGarden]

China bans appear many times in history. Dozens of times and if a national government say they ban something dozen of times, then did not ban it, do you believe in them?

Furthermore, the global trend is more adoption for Bitcoin and crypto so it is easy to guess what China will do. They won't ban it because they can not be a unique nation on Earth.

To fight and compete with other nations for top ranking, they have to join the trend and participate in the global trend.

[onecall123]

It was announced on Friday that all cryptocurrency-related transactions are illegal by the Chinese Central Bank. Do we really care what China thinks? What a ridiculous idea. The same thing happens every year. Naturally, that's what they're planning to do. In other words, this is just a means of bringing the price down. Aha, they want to buy the dip. Are we to thank China because this low price allows people to buy?

[tr3zor]

It was old news, I think few bad people intentionally publishing now to make the market down. What do you guys think?

[Sterbens]

Zoom out the chart or take a look on this article.

List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin  

That's quite right. They always bring their own version of every tech and ban the westerner version. That's how China deals with the west but it is not like it won't have any impact on bitcoin. It will have its consequences. Millions of (some may even say billions) Chinese people will be forced to use the C-BTC and that's probably create a pressure on the btc prices. In the long term it will be fine... unless the west bans it too.

Maybe you all know that this is already familiar in China. Look at the products around your room, or Chinese imitation products. wouldn't that destroy the original label? So I actually think that what China did at the time of blocking Bitcoin they would most likely copy. After studying several years from mining to finally closing it back down, it would be quite unexpected. They can actually use the time during mining to learn and build their version of Bitcoin. lol 
Didn't cross until now, we ourselves might have noticed. But this is China madness, to dominate any sector of the economy they will chase until they succeed in duplicating. Damn why should we trust China.

We have to learn from the case of the famous product that China duplicated until now.

[Artemis3]

That's quite right. They always bring their own version of every tech and ban the westerner version. That's how China deals with the west but it is not like it won't have any impact on bitcoin. It will have its consequences. Millions of (some may even say billions) Chinese people will be forced to use the C-BTC and that's probably create a pressure on the btc prices. In the long term it will be fine... unless the west bans it too.

Let the bans begin, we shall see who wins in the end.

Tip: It won't be them. ₿ is not "foreign currency", its world currency. This is why these short sighted politicians can't get it, they think its just another $ or €, a digital variation, so they think all need is a digital ¥, as always, thinking they can outsmart the "westerners".

They so wrong, history will teach them (again) that rejecting wealth creation can only affect them negatively. But not until some decades and lots of bureaucratic debate within the party, perhaps when the old leaves and the young takes over...

[Mahanton]

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin  

Knowing about China is a communist country then it isnt really that surprising that they do really want for everything to be centralized and would really be controlled by them.Anything which is totally out of hand
should really be terminated or should really be not to be accepted and this is why it isnt really that surprising that they would really be coming up with this kind of conclusion on where banning out bitcoin
or crypto as a whole and they would totally be making out their own CBDC's to take over or something like that. Just let them be, because the market doesnt only spin out for them.
There's still demand and significant outside of those decisions.

[tulusikhlas]

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin 

Their version for their own country. Please, but if adopted by other than their country then this is a disaster. They want to take over Bitcoin with their Bitcoin version? Hopefully that doesn't really happen. Except for countries already indebted to China, perhaps China can offer its crypto version for adoption.

[bhooscream]

Knowing about China is a communist country then it isnt really that surprising that they do really want for everything to be centralized and would really be controlled by them.

I agree with you, it is not surprising because China is an authoritarian country. China government probably wants Bitcoin to be controlled as a centralized system as well. But it cannot happen, Bitcoin community won't let China government controls it. In addition, I am wondering how China can control Bitcoin as it is purely something valued based on the demands on the market. The demands can be decreased massively when Bitcoin can be controlled by a country. People are interested in Bitcoin because it is decentralized, those people may go if it is not decentralized anymore.

[hatshepsut93]

Anyone who reads any news from time to time understands that China is a dystopian government that wants to control every aspect of their citizen's lives, and they are relatively successful at it. For example, many Chinese citizens don't know anything about the Tiananmen square massacre or just avoid discussing it with anyone. It's no surprise that they ban Bitcoin, which was created to grant people financial freedom. I'm sure a lot of people who currently use Bitcoin in China will keep using it, but the rate of adoption by new users will drastically slow down, because people would be scared to break laws.

[DoublerHunter]

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin 

^ This is not new in China, sometimes they do like this, banned now and open for acceptance after how many months. Sometimes I get annoyed a situation like upon reading the news and I saw gain they trying to manipulate the market. But if we will not listen to them, there is no chance that they will be able to spread FUD, it takes maybe a week before the issue will disappear. We did not surprise they keep this doing on us in a different way but look, we are still here and BTC will recover soon as long as possible.

[pooya87]

That is not the right list to look at. The one that you should have created yourself and posted here is the number of times China has banned bitcoin according to the media. If you do that you realize that from 2013 until today the same fake news about China banning bitcoin has been coming out every couple of months when price has a small drop or they want to manipulate the market.

[Tashana]

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List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin 

Will China's smart sports enthusiasts have a wave of exodus to hot foreign countries? I think it is very necessary because I have already stolen my bitcoins. Do you think Chinese citizens are afraid?

[Kakmakr]

Why is this a surprise to so many people? We all know the Chinese government are control freaks and they will never allow a technology that gives ultimate freedom to their own citizens.    They have been working on the Crypto Yuan for many years now... so their timing with the Crypto mining ban and now this blanket ban on Crypto has come as no surprise to the people that has been watching them.

This news will not have a significant impact on the Bitcoin price, because speculators and traders have been anticipating it for weeks already. The dip in the price will be small and it will recover within a few days. (Only the newbie traders will shake in their boots) 

[Wind_FURY]

On the third day after the new, and “more effective” China “BAN”, it was nothing. Actually nothing but another China FUD! Hahaha.

They can keep “banning” it, but they can’t censor it, they can’t “erase” it from existence. It remains a multi-generational protocol with users in and/or out of their country, and it will keep growing with and/or without them.

[AicecreaME]

The Chinese government is increasingly intensifying its crackdown on cryptocurrency trading. China will strictly eradicate the illegal activities of trading Bitcoin and other cryptocurrencies. China will also issue a nationwide ban on cryptocurrency mining.

About 10 Chinese government agencies, including the central bank, banks, securities, foreign currency regulators in their joint statement will impose a ban on crypto trading.

China Strictly suppresses virtual currency speculation, and related financial activities and behavior to protect people's property and maintain economic, financial and social order.

I think China is doing this again to dump the market so that they can hoard coins as much as they please because the prices are in their low position. They already did this before and they are doing it again. The people are spreading FUD because of their announcement. And like before, FUD is still an effective technique to make few people panic sell, making the prices go dipper. They take advantage of this opportunity to buy coins and store them until the bull market comes. They do not really intend to ban it permanently, but just to just make the market go red. Then they'll do their thing. After this, surely they will lift the 'ban' and release some sort of statement to justify what they did.

For those people who want to invest in crypto, this is one of the best timings because you can enter a low position. If you have the money, do your own research and invest while the prices are still low. I think the prices will still go lower for the following days. It's up to you whether you'll see this as a threat or as an opportunity. Be wise enough to decide.