How are you taking the China Bitcoin Ban?

[Kasabus]

I'm not taking this very good honestly. I don't know why China government banned cryptocurrencies but actually it is not too hard to predict the reason correctly. They have already been antagonizing cryptocurrencies for a very long time. And they have finally decided to impose a ban on them. They didn't want their people to take big risks in this market. But this not the best way to approach to this market.

we have to realize that china is doing propaganda market for crypto especially bitcoin.  If it's true that China is banning crypto, China should be sporting to prohibit anyone in China from owning bitcoin.  However, the reality is that China currently occupies the 2nd position with the largest crypto holdings in the world.  this is clearly an unreasonable thing and a market propaganda for china to take advantage of the moment to profit from bitcoin in the future

As we have seen in the chart, China has been a big part in crypto holdings but what they are showing to us is that they don't really care about what the future of bitcoin is. Are they only manipulating the market? So that if the market dumps, they will be buying bitcoins that are in cheap prices. I guess this is their own motive, to take advantage whenever there is an opportunity to buy. Their banning of bitcoin is just a front so that everyone will believe that they won't be needing bitcoin because they believe in their own virtual currency.

[Shenzou]

Hate or not the news about a government and especially a big one like china completely banning the use of bitcoin is a negative news and we are truly seeing its influence on the market, sure they banned the mining in earlier date and that affected the price slightly, but banning the use of it is a big deal, and we all know that the government has a some strict surveillance on its  people so anyone who is using bitcoin will defiantly be looking to sell.

[Tybi]

The Chinese government's ban on bitcoin now has no effect on the public because the Chinese government has banned bitcoin before. Now the Chinese government is speculating on the price of bitcoin  Reduces bitcoin purchases.

[antminerguruguy]

Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:
https://www.linkpicture.com/q/FB_IMG_1632747711734.jpg
https://www.kevinrooke.com/bitcoin.

What do you think about this? How are you taking this ban?

Well we don't understand at the moment here what the BAN is doing.  Is the chinese government rounding up all bitcoin facility owners and locking them away in jail?  Are just technologically seizing bitcoin?  Are they putting people in prison for using it?  Well what are they banning?  are they enforcing the law putting bitcoin miners away for fraud?  Maybe you could explain what there seizing if anything.  Maybe this is the government making themselves rich seizing all the bitcoin from all the facilities is that what is going on?

Can you explain whats going on?

[Mahanton]

Hate or not the news about a government and especially a big one like china completely banning the use of bitcoin is a negative news and we are truly seeing its influence on the market, sure they banned the mining in earlier date and that affected the price slightly, but banning the use of it is a big deal, and we all know that the government has a some strict surveillance on its  people so anyone who is using bitcoin will defiantly be looking to sell.

There's nothing we can do but to deal with it because this is something that cant really be changed whenever they do like on banning everything according to their liking.China's behavior had been always like this on where they do really get rid of things that they dont like or simply cant control knowing on how a communist country China been then its no surprise that they would really be making such action but based off on history then
there are several times that China make out some pullbacks of their decisions which turns out to be having that impression to be a bit manipulative.

[flip4flop]

Ultimately the reason China is banning cryptocurrency is they see it as a threat to their economy and at the same time as an opportunity to push the digital yuan which has been an ongoing effort to develop for years. I don't see the digital yuan as quite ready to be rolled out yet but these bans and tighter restrictions are stepping stones for when they are ready. They want more laws and regulations on the books so when the time is right they can enforce them and it won't be seen as one swift action. It will instead be a series of small actions that slowly tightened their control over the digital economy with the final step being the deployment of the digital yuan.  Will it be successful? I have no idea but that is how I see it today.

[Botnake]

Hate or not the news about a government and especially a big one like china completely banning the use of bitcoin is a negative news and we are truly seeing its influence on the market, sure they banned the mining in earlier date and that affected the price slightly, but banning the use of it is a big deal, and we all know that the government has a some strict surveillance on its  people so anyone who is using bitcoin will defiantly be looking to sell.

There's nothing we can do but to deal with it because this is something that cant really be changed whenever they do like on banning everything according to their liking.China's behavior had been always like this on where they do really get rid of things that they dont like or simply cant control knowing on how a communist country China been then its no surprise that they would really be making such action but based off on history then
there are several times that China make out some pullbacks of their decisions which turns out to be having that impression to be a bit manipulative.

For me, i chose to be calm as i'm not affected with this and i think we bitcoiners should have to accept and live with this. This is not the first time banning from China so probably, there will still bannings that will happen every year. And knowing China who's very authoritative, so they will do everything just to make bitcoin stop from evolving. But that will not happen for sure. Because China is just a single country, there are still lots of countries who are supporting and adopting bitcoin too. In the long run, China will never have an effect to bitcoin anymore even how many bannings will be imposed.

[arwin100]

Hate or not the news about a government and especially a big one like china completely banning the use of bitcoin is a negative news and we are truly seeing its influence on the market, sure they banned the mining in earlier date and that affected the price slightly, but banning the use of it is a big deal, and we all know that the government has a some strict surveillance on its  people so anyone who is using bitcoin will defiantly be looking to sell.

There's nothing we can do but to deal with it because this is something that cant really be changed whenever they do like on banning everything according to their liking.China's behavior had been always like this on where they do really get rid of things that they dont like or simply cant control knowing on how a communist country China been then its no surprise that they would really be making such action but based off on history then
there are several times that China make out some pullbacks of their decisions which turns out to be having that impression to be a bit manipulative.

For me, i chose to be calm as i'm not affected with this and i think we bitcoiners should have to accept and live with this. This is not the first time banning from China so probably, there will still bannings that will happen every year. And knowing China who's very authoritative, so they will do everything just to make bitcoin stop from evolving. But that will not happen for sure. Because China is just a single country, there are still lots of countries who are supporting and adopting bitcoin too. In the long run, China will never have an effect to bitcoin anymore even how many bannings will be imposed.

This should be how we take on those issues hurdling down by China and we need to accept that this kind of attack towards bitcoin is normal since they want to manipulate the result then gain at the end of the day if they are successful to move downwards the market.

And its good to see how the market goes after they fud since even though we see it again that China spreading fud in the market we can still see that bitcoin is going solid run.

[AakZaki]

When China always gives negative news for bitcoin, it's China's decision and we can't stop it. what we can do is not have to respond or expose it. As long as I or you who are not Chinese will not be a problem, we just have to ignore it.
China has always been against crypto and the peak is now. Chinese citizens are prohibited from using crypto and big miners in China are expelled.

When China is no longer influential for crypto, then other negative news will have no effect.

[Questat]

When China always gives negative news for bitcoin, it's China's decision and we can't stop it. what we can do is not have to respond or expose it. As long as I or you who are not Chinese will not be a problem, we just have to ignore it.
China has always been against crypto and the peak is now. Chinese citizens are prohibited from using crypto and big miners in China are expelled.

When China is no longer influential for crypto, then other negative news will have no effect.

They're done, their market influence has been over a very long time, and even hearing such banning issues or FUD's, it never weighs a lot and it was just ignored. That is why we'd never see a huge impact on the trend, it was just a coincidence that happens. Maybe some did selling after reading the news but the majority of we're still calm and patient waiting for the recovery as I believe it won't take so long.
We have nothing to expect from China anymore and expected to hear that again someday until they become a crypto-free country.

[Sayeds56]

Tbh, I'm not that bothered about the ban. The only downside to that news is that market always reacts to it negatively and that's what we're seeing right now. Aside from that, I'm not bothered. I mean, this is actually not the first time that China has openly gone all out for crypto and definitely won't be the last. Just like @jackg said, the ban might just be to prevent people from investing and that they should focus more on government based ventures.

Absolutely right. This is not first time CHINA banned crypto currency in their country, there is long history of banning and it always had temporary effect on Bitcoin price  and later  it recovered quickly. Bitcoin is decentralized and anti inflation digital currency and it has won the confidence of investors with its outstanding performance since it was launched so serious and long term investors will continue holding it and this kind of FUD won't bother them much.

[Natsuu]

What do you think about this? How are you taking this ban?

It is now just repetitive and a same old thing. The market didn't collapse everytime this news spreads so its actually not a big deal. Plus, banning of BTC in china doesn't mean that the hodlers will actually throw away/sell their btc right away. Yes they will ALL sell it in the right time but it is a normal trading/investment scenario that will not affect me at all. They can just hide it and pretend nothing is happening.

[add1ct3dd]

When this news was published. I see prices go up again. It's like we have no problem with china even though they're banning it. We will continue to grow better in the future until their regulation will return to bitcoin circulation. As we know there are many surprises in cryptocurrency.

Now the best thing happening in crypto community peoples aware of these tactics from Chines authorities as they are doing this all for many years, but now this news is having no bad impact on market or price of bitcoin. Even many holders feel good about these feuds because they try to buy some good amount in this dip as they feel blessing for buying. We all know this price will stay for very few days and then again we will enjoy our solid price.

China doing these things because mostly many peoples they hate freedom and bitcoin/crypto is name of this freedom, but my feeling is different because I feel they are taking good benefits from these as they are also taking good buying through these dips and increasing their stakes in good crypto related projects.

[carlfebz2]

When this news was published. I see prices go up again. It's like we have no problem with china even though they're banning it. We will continue to grow better in the future until their regulation will return to bitcoin circulation. As we know there are many surprises in cryptocurrency.

Now the best thing happening in crypto community peoples aware of these tactics from Chines authorities as they are doing this all for many years, but now this news is having no bad impact on market or price of bitcoin. Even many holders feel good about these feuds because they try to buy some good amount in this dip as they feel blessing for buying. We all know this price will stay for very few days and then again we will enjoy our solid price.

China doing these things because mostly many peoples they hate freedom and bitcoin/crypto is name of this freedom, but my feeling is different because I feel they are taking good benefits from these as they are also taking good buying through these dips and increasing their stakes in good crypto related projects.

Tactics or not but still we are already get used to it after all the years they've been doing such bullshit things and did really affect the market movement or situation.How am i taking it?

Its better to ignore and get used to it because this was always their common behavior specially of Bitcoin is mooning or having some good rally in its price.They do tend up on making scenes on point

where it do result out on some reversal trend.This is something not new because it did really happen in the past for how many times already thats why im not already surprised.

[Questat]

When this news was published. I see prices go up again. It's like we have no problem with china even though they're banning it. We will continue to grow better in the future until their regulation will return to bitcoin circulation. As we know there are many surprises in cryptocurrency.

I don't see the pump, in fact, it's one of the reasons why bitcoin still struggles until now though we are staying at a good price. China's ban has huge effect and I don't think the information OP published is true because China would not make stupid things that would result to reduce the value of their holdings.

[rosemariefrancis]

@RiskySanchez China can think of itself as a part of the world. They only look for ways to control other countries to be a superior power. We know currency is everything for the economy of any country. If some unregulated currency like bitcoin takes over the world, China will lose its chance.

[Ararbermas]

Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:

https://www.kevinrooke.com/bitcoin.

What do you think about this? How are you taking this ban?

it cannot give an impact, and for your information they already out of the business because they are now running their digital currency, so no need to worry. In fact after how many negative post from them, instead of going dip bitcoin made a good progress. Lol so that means they cannot take it down anymore.. Never again.  

[Sanugarid]

Some reports telling that china government's place is second in holding Bitcoin. But we're seeing that china is always publishing negative news about crypto currency / Bitcoin. They've published noticr about banning Bitcoin in a several times.
Ref:

https://www.kevinrooke.com/bitcoin.

What do you think about this? How are you taking this ban?

I don't really mind at all since most people who're mainly affected on the regulation implemented by Chinese government are Chinese people though their first time China banning any crypto related activities. However, the market is reacts which causes it to be down and hopefully it will recover soon.

[mindrust]

I am taking it like a champ.

China is nothing in the grand scheme of things. Bitcoin is bigger than China or any other country for that matter. They want to ban bitcoin? Fine. Let them ban it. That's just going to strengthen bitcoin's current position. Actually I'd like to see all countries banning bitcoin and when that happens, they'll see that bitcoin isn't dying, the real fun will begin because they'll get mad when they realize they can't really get rid of bitcoin.

[Kong Hey Pakboy]

It's all good for me, I'm in what I consider to be the safest point in my hodling where even if the prices are going down, I would still make a generous profit and if I continue to hodl, I will get much bigger profit.