China warns Bitcoin is heading to zero

[Dart18]

A government controlled news that is created specially for their country's eyes only had spread out? Yeah, there must be a plan on why it did.
Basically for FUD, that's a start. If not, they are holding Bitcoin and they know this could lead to a reverse psychology thing because they became an enemy of many countries/people. They want to sell it at a higher price. But that's just me being crazy and my opinions, it is possible though.
I never really trusted whatever they print but I want to dig deep on "Why's?" and "How's". There's always a purpose for every move they make.

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[TheNineClub]

After more than 10 years of crypto and BTC, anyone claiming they for certain know what will happen is just lying to themselves and the rest of the world. Could it drop to 0? Yeah, it could. Could it stagnate? Yes. Could it go up? Yes, everything is possible because we can't tell what economic fluctuations in the world will happen in the future. This is a coin toss prediction without any evidence.

[CryptSafe]

After this, the newbies would panic and therefore cause market down thread to zero. Chinese government  always have longed wanting to put out a ban on  Bitcoin which I don't think would be an easy fit for them. If you don't, as a smart investor, buy the dip if you can while paper hands sell, diamond. Nobody can stop the existence of Bitcoin not even the government can do that. This is more or less market manipulation by the government so that some key men can buy more while the market is still favourable to whale's.

[traderethereum]

If so, let it be and we will see what will happen with the crypto market.
Bitcoin has been tested many times with drastic price drops; this time, bitcoin is experiencing it again.
But I think people still believe that bitcoin will rise again after this.
It's only natural that China thinks like that to influence people's minds, especially people who have just joined bitcoin.
As long as we don't listen to stories like that, we'll be fine.

So far China is the biggest FUD spreader for bitcoin, even China is a country that is quite anti-bitcoin and they continue to do FUD to mentally bring down bitcoin investors, to be honest after seeing the development of bitcoin so far which continues to rise after the price drop , of course what china says It's not something we need to be afraid of, so I think we don't need to listen to what China has to say about bitcoin and it's better if we stick to what we believe in bitcoin.

That's what most of us already know so we can prepare ourselves to take the necessary action.
I think China may have a hidden agenda by being the spreader of FUD all this time because we know a lot of miners are from China and I think they have had a lot of bitcoin stock for a long time.
But even if China continues to be the spreader of FUD for bitcoin, that won't stop bitcoin from getting bigger in the future because people already know the advantages of investing in bitcoin.

[Mpamaegbu]

Thank you China for that vital information 🙄. Now, get lost! I ain't sure anyone wants to hear that from a country that hasn't hidden its hatred for Bitcoin. Whatever the main reason China fights Bitcoin is yet to be revealed. It has finally dawned on her that all its efforts to cripple Bitcoin through numerous bans haven't stalled it a bit, now it's to FUD on it. This too won't work. It's going to fall flat on its face like other propaganda of hers.

[Anonylz]

For some time btc and the community has taken a break from China fud, to the point I already forgotten about them. I was a bit shocked to see this thread, was like, China fud still exist! Damn this people are very persistent. Lol, it is clear they are very concerned about the btc community, always trying to warn us of any danger ahead. Nice try China. 

[Doan9269]

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency

Wthu must we keeo believing on the media news and what's been said about bitcoin, going to zero value is a total misconception many go about talking without knowing the difference of bitcoin from other cryptocurrencies, if they had been scam through ponzi schemes before then there's need to emphasize on thier differences, another proof on bitcoin been used as a digital currency is the same immitation cbdc did to create a version of its likes despite they were both incomparable while bitcoin remains a valuable digital currency.

[Ultegra134]

After more than 10 years of crypto and BTC, anyone claiming they for certain know what will happen is just lying to themselves and the rest of the world. Could it drop to 0? Yeah, it could. Could it stagnate? Yes. Could it go up? Yes, everything is possible because we can't tell what economic fluctuations in the world will happen in the future. This is a coin toss prediction without any evidence.

Not much has changed honestly, China is known to be against cryptocurrencies for some reason I'm not aware of, if I'm not mistaken, the People's Bank of China banned all cryptocurrency related transactions in late 2021, while mining was also banned in May 2021. Certain people have always been against their usage, calling them names, it's certainly not the first and won't be the last FUD coming from China.

[Issa56]

Seriously I don't really know why China is just completely against bitcoin, the keep on saying different negative things about bitcoin just to scare investors away from bitcoin, but I believe China can not stop bitcoin from growing, the best thing they can do is just to accept bitcoin, the more they say negative things the more bitcoin pump, am very sure bitcoin can never go to zero, highest that can happen is for us to see the price reduc which is happening currently but bitcoin can not go to zero.

[dothebeats]

At the least they no longer ban it 

China perhaps realized that they're just spending time trying to do these actions and inactions on their citizens buying bitcoin that they only gave up and let their people buy and just add that subtle warning in the end. They ride this current downtrend to create a statement that they're never wrong, hoping to get the "I told you so" response in the end. Whatever tactics they use, China will still surely see its citizens buying bitcoin whenever they can.

[boris singer]

Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.

[Slow death]

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

this is the worst bullshit any news channel could publish. If not in the times when the price was 1000$ and every time china appeared with threats and the price dropped a lot it never reached zero now that it is at 20,000$ would it drop to zero? this is the most absurd and meaningless thing that this channel has published, the fact is that we are now free of china, the price is no longer under the influence of china. the miners managed to go to other countries, I'm glad they got rid of china. I hope that one day Africa will also be free of China like the miners were free of China

[EdenHazard]

Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.

Yuppp they deliver the national statement like it's just a game , you can changes sides anytime as you wish.
That is just terrible and i believe this one are yet another terrible theatrical lies , they are scooping more bitcoin in these buying season.

They are holding a lot of bitcoin while encourage everyone else to not hold any. Hilarious.

[South Park]

Regardless, when it comes to saying this, China might just as well be considered like the winds of the past.
They have accepted and rejected bitcoin several times and the funds they issued against bitcoin have also continued to happen in the last few years. But indeed I am not at all affected by this and instead have to thank them for their goodwill to remind me, although this I will not consider as something important.

Yuppp they deliver the national statement like it's just a game , you can changes sides anytime as you wish.
That is just terrible and i believe this one are yet another terrible theatrical lies , they are scooping more bitcoin in these buying season.

They are holding a lot of bitcoin while encourage everyone else to not hold any. Hilarious.

That is just the way politicians all over the world behave all the time, one day they praise something only to condemn it the very next day, which is why most of the time we need to ignore whatever they are saying, it is obvious that bitcoin is never going to hit a value of zero, the more the governments try to constrict us and steal our freedom then the more value has a network which we can use to transfer value all over the world without their supervision.

[killerfrost]

Try to question why it doesn't appear often when the school is in a good stage. I can imagine a way of blocking like that, similar to a way of manipulating to prevent people from getting access to low prices, so they will buy more of what they have to offer. After many years, I see a lot of FUDs that keep repeating, but then there will be news that favors the market, so feel free to research and trust this market.

[Spack17]

They keep doing the same thing. I still don't understand why they do this. It's impossible for bitcoin to go to zero. In fact, they know this too. I think they are making such a speculation rumor to collect it from the bottom.

[Okorieuky]

For me, What China is doing is just a marketing strategy. They are indirectly marketing their own while making people lose hope in Bitcoin. Without knowing, it is too late to come up with such an awkward strategy. Bitcoin is here to stay. The challenges can only fluctuate the price...

[xSkylarx]

They keep doing the same thing. I still don't understand why they do this. It's impossible for bitcoin to go to zero. In fact, they know this too. I think they are making such a speculation rumor to collect it from the bottom.

Their fud now is so bad that it didn't had any effect on the market. People already used to what they've been saying over the years. If they really hate bitcoin, then why there are a large numbers of bitcoin miners in their country. I don't think accumulating huge amount from the bottom is their goal why they keep fudding. They don't need to do it and just wait for this market corrections to buy. Maybe they want to take control of bitcoin because of its huge potential in the economic field in the future.

[Mauser]

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

Ah yes, the Chinese government trying to bash Bitcoins. Nothing new in the last few years. Who wouldn't listen for their personal financial decision on the Chinese government :-) they are for sure concerned about the average saver who is looking for a way to achieve financial freedom. I am sorry, but I am not listening to anything regarding finances that comes from a country that controls their currency and doesn't let it trade freely on the market. To me it sounds like China has it's own agenda and would like for investors to buy their digital currency. I will stick with bitcoins and happily will buy more if the price drops lower again.

[uneng]

China spreading FUD indicates they are trying to encourage holders to sell their coins, consequently dumping bitcoin price even more. And why would they be so interested in seeing bitcoin at a cheap price range, since they theoretically have no interest for it at all? It won't be a surprise if China becomes one of the main holders for the next bull season in crypto market.

They say bitcoin is heading to zero, but that's just sour grapes, you know...