does this have something to do with bitcoin's current decline...

[fiulpro]

reported [local media] the carbon neutralization mission in 2060 in China and after Meng Wei's announcement from the NDRC about the decisive action that will be applied to crypto miners whether it will work as stated .....
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece

China have already cleared their hands with Bitcoins and now what they are doing is sitting down and trying to promote their own cryptocurrencies, which does mean that for the time being it's unreasonable to think that they might have such effect on bitcoins.

- It's always around Christmas or before the festival season that people usually encash and why wouldn't they? The festivals usually take a toll on them perse. Which does mean that, at the end, people would sell undoubtedly during November December.

- People might be worried about the Bitcoin distribution which have been highly speculated about.

- according to this source : source A whale moved over 5000 bitcoins on November 12 which might have caused some people to panic sell as well.

I do not think this is something related to China perse, I do think that it's just how the market is, volatility is always welcome in Bitcoin community, it's also a good time for investors to buy Bitcoins since we did see a all time high in November and it's worth waiting for again.

[Lucius]

I read the news that miners in Kazakhstan are also starting to have problems due to the lack of electricity.

I have no doubt that there will be problems with crypto mining in that country, primarily because they use coal as their main raw material. I am not aware of whether they have their own coal reserves or import it, which would certainly increase the price of electricity because the raw material is becoming more expensive.

If the US and Europe oppose mining, then Russia and Kazakhstan will take the leading positions. The United States will not allow this, because it wants to be the first.

That would not be good, especially when it comes to Russia, which very often changes its attitudes towards Bitcoin - and it is not at all unrealistic for Russia to copy China in its moves in the future. If that happened (for Russia to ban Bitcoin), it would have a pretty bad effect on the market.

Certainly, there are some people and interest groups in the US who have advocated more mining influence in their country before, as well as the possibility of mining devices starting to be produced outside China. However, this is not a competition at the state/political level, but only business interests.

[marilynmanson21]

reported [local media] the carbon neutralization mission in 2060 in China and after Meng Wei's announcement from the NDRC about the decisive action that will be applied to crypto miners whether it will work as stated .....
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece

why should news about bans always appear when bitcoin is trying to climb to a higher price, and china news is the same
we should look at the side of the market movement where bitcoin can experience a correction in number and value
because prices go up and down are natural in the market, it's not fair if prices continue to rise without any corrections and price drops

[masterrex]

I don't think it's related, all the news coming from the communist mouthpiece are all irrelevant now, china has totally out of the cryptocurrency picture, that's why there's is no point to give any worth about their lousy pronouncement. forget China I believe the main reason why the Bitcoin price was dip that much, just because it was heavily pumped and the price increased was too fast, that's why it was subjected to deep corrections. and regarding the carbon footprint, I don't think the crypto industry has a huge impact on the environment because I believe it's only a small portion of the world's total carbon emission.

[NeuroticFish]

I thought China already banned mining? Surely they can't say the same thing twice in the same quarter and have investors actually listen to them?

Some people seem to just love to act based on FUD. They've successfully recycled the ban FUD already, they'll do it again when they find the right moment.

the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece

The price drops lately may be more related to the news and expectations about MtGox (previous week) or the FUD about "India banning crypto" (this week) than China news. But on the realm of FUD anything can happen, especially now, with real problems with the energy/electricity in many countries.

Imho the energy problems should actually increase the price since mining mat become more expensive this winter.

all the news coming from the communist mouthpiece are all irrelevant now

They are not, especially China has a huge population. The only thing is that the current official status now there is "crypto banned" so there may be needed some good news or a cool down period until something bad is said again.

[ShowOff]

Price fluctuations happen all the time and have become daily food for all traders and investors in this crypto space. It's hard to say what the real cause is because the price can correct even when the FUD seem unreal. China is known to come out of this space after they banned all of its citizens from engaging in trade, mining and investment. So I just think that another FUD that has appeared has caused a bit of panic among traders so a price correction is unavoidable.

But today the price is starting to rise again where the $60K resistance is the target to be broken. It currently costs around $59K, so there's still hope to see a cheerful end to the year in my opinion.

[Ararbermas]

reported [local media] the carbon neutralization mission in 2060 in China and after Meng Wei's announcement from the NDRC about the decisive action that will be applied to crypto miners whether it will work as stated .....
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece

they already kicked out mining within the country so this is totally a fake news.   because you know to be honest since they banned crypto activities they literally posting nonsense around the internet even though they're out of control..   a way for them to obtain attention as well probably.? i mean to advertise their very own digital currency.lol .. That's the reason actually why it's not surprising anymore that until now we see some negative news from them in my personal opinion because obviously they're trying their best to flip crypto.

[terrorJR]

This is a classic excuse and news that China is exaggerating because it's been a few months since they've clearly banned it and no one dares to oppose this (the Chinese community).
On the other hand, this is something that makes everyone panic, but I don't think something like this will have a big impact now because when we talk about China, it's no longer strange to have a controversy like this.
and I don't want to say the current decline is caused by something like this but I think this is a fairly normal correction that occurs to make strengthening of the next increase

[doomloop]

reported [local media] the carbon neutralization mission in 2060 in China and after Meng Wei's announcement from the NDRC about the decisive action that will be applied to crypto miners whether it will work as stated .....
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece

China has fully locked their doors on cryptocurrency, and banned crypto mining companies from their country. So right now, I always consider everything that has to do with China as out of topic when it is cryptocurrency that is being talked about. Are you forgetting that yesterday that the price of Bitcoin was trading almost at $60,000?  although today it has dropped to $54,000. So, you have to know that it is a normal thing that the price will always go up and down, that is how Bitcoin is, and it has always been like that from the start.

I’ve seen a few experts analysts who predicted a decrease in the price of Bitcoin, or do they were being positive on the price of alternative coins in the future,  but I don’t know yet whether I am to believe all those analysis or not. Because, I am still believing that the price of Bitcoin will increase this December before the year is over.

[Shasha80]

reported [local media] the carbon neutralization mission in 2060 in China and after Meng Wei's announcement from the NDRC about the decisive action that will be applied to crypto miners whether it will work as stated .....
if so, what is the percentage of the impact on bitcoin and other cryptos in the future ..... as we saw after Meng Wei's announcement on the Coindesk site, on Friday's trading session (11/19/2021), the price of Bitcoin fell further, that is, it was sold at a price of 56,959 US dollars per piece

China has fully locked their doors on cryptocurrency, and banned crypto mining companies from their country. So right now, I always consider everything that has to do with China as out of topic when it is cryptocurrency that is being talked about. Are you forgetting that yesterday that the price of Bitcoin was trading almost at $60,000?  although today it has dropped to $54,000. So, you have to know that it is a normal thing that the price will always go up and down, that is how Bitcoin is, and it has always been like that from the start.

I’ve seen a few experts analysts who predicted a decrease in the price of Bitcoin, or do they were being positive on the price of alternative coins in the future,  but I don’t know yet whether I am to believe all those analysis or not. Because, I am still believing that the price of Bitcoin will increase this December before the year is over.

I also think that any FUD spread by China will not have much effect on the Bitcoin price. Because China has repeatedly shown its hatred of Bitcoin,
and that's because the Chinese government does see Bitcoin as a threat to their currency. I don't think the current Bitcoin price drop has anything
to do with China, because the Bitcoin price has gone up too high. That's why it's very normal if it's now experiencing a correction, as long as
the Bitcoin price is above $50k, I still think Bitcoin is still in a bullish trend. So for now, just be patient holding the Bitcoins we have, because I still
very optimistic that Bitcoin at the end of the year will go up in price.