China warns Bitcoin is heading to zero

[Trapezium]

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

[BlackBaron]

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

All investors hope so, if China's prediction of Bitcoin comes true, it's a good moment for investors, I'm sure investors are also many of them, Bitcoin to zero, hope for investors.

But whether the Chinese words are true, time will determine the development of Bitcoin in the future.

[Henrobakkara]

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

All investors hope so, if China's prediction of Bitcoin comes true, it's a good moment for investors, I'm sure investors are also many of them, Bitcoin to zero, hope for investors.

But whether the Chinese words are true, time will determine the development of Bitcoin in the future.

Bitcoin going to Zero is not something I am thinking will happen even though China is saying so. This might be just the normal grievances that china has with Bitcoin and the general crypto industry however if Bitcoin does go to zero which I will repeat don't think will happen, then there is a problem that means it doesn't cost anything and what will the seller be getting so it can never go to zero unless it is DEAD.

[Mr.sprin]

China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.

[BCwinning]

China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.

More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.

[popeye95]

China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.

More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.

But they can influence it to some extent since a lot of BTC miners were Chinese residents or owned by Chinese. Say if one day China considers making those guys fall into the line, to whatever plan they have for BTC. It would cause a huge disturbance in BTC.

[BobK71]

China is the most economically advanced country in the world today. Their government has kept the market suppress by providing controversial news on crypto at various times, although it has not been a long-term impact on bitcoin, it takes short time effect. Today, if China is negative, another country will support it. The whole cryptocurrency can be controlled if by one and it is not personal assets. They can do nothing but restrict their citizens strictly. Maybe it's an economic or political war.

[BCwinning]

China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.

More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.

But they can influence it to some extent since a lot of BTC miners were Chinese residents or owned by Chinese. Say if one day China considers making those guys fall into the line, to whatever plan they have for BTC. It would cause a huge disturbance in BTC.

I don't think as much as it once did, since most of those farms relocated to other countries.

[Sterbens]

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community.

[Retiicle]

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community.

Agreed! Chinese news media is government owned and giving such statements without any concrete reason is not valid.

[Ojengonggu]

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community.

Agreed! Chinese news media is government owned and giving such statements without any concrete reason is not valid.

Maybe those of us who already know the thought tactics made by China may not believe it anymore, but if this news is caught by new traders and new investors, they will surely fall apart again.
The various ways China does to undermine the future of bitcoin they are not the least bit enthusiastic about the state of bitcoin.

[asimi.io]

They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic

[BCwinning]

They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic

a lot of ppl invested in bitcoin feels that way. but don't get your hopes up too much.. smh

[carlfebz2]

They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic

a lot of ppl invested in bitcoin feels that way. but don't get your hopes up too much.. smh

Its been a decade+ which its not something new when it comes to negative sentiments and thrown out words against Bitcoin and for China and if you do have that or been on this market for a while then we do have

history on how much hate does china have with Bitcoin and not surprisingly new about their stance against it but look at on where we are now? We are still standing strong and having low price doesnt signify that it going to die.
We've been here for many times and not something to get shocked nor get surprised.Eventually price will really recover the way it is.

[2stout]

Straight up FUD and bullshit that really fooled no one here, but I'm sure the pundits took this and ran with this as expected, helping get China's message out, which China I'm sure predicted and expected.  However, this announcement by them was quite underwhelming, I'm sure they would love a do-over.

[kotajikikox]

There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.

you can only call this as legit if we did not here even before the other recovery that happened in 2017 but we are, that from climbing to 20k down to another  dumping and again increased up to almost 70k.
so how could we believe that stupid idea of bitcoin will heading to zero again.

Straight up FUD and bullshit that really fooled no one here, but I'm sure the pundits took this and ran with this as expected, helping get China's message out, which China I'm sure predicted and expected.  However, this announcement by them was quite underwhelming, I'm sure they would love a do-over.

the intention is indeed BS , spreading this such word will head to nothing but laugher , I have been in this for years and how many thread that runs like this and ending to BS support.

[harapan]

China must have done well with Bitcoin for almost a year now, but that doesn't warrant them to say shitty hell stuff's about Bitcoin.
No need for hype and horn tooting but Bitcoin can not go down to zero not at all.
Bitcoin has to be a bit boring that's the reason why it's a currency isn't that correct ?

[Russlenat]

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.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph)

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

[abel1337]

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.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph)

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

They are spreading FUD about bitcoin for a very long time now and I'm sure they're the ones who profit most because of FUDS like these. I hope newbies should learn what kind of FUD they will be scared of, FUDs like these are weak. I myself are immune on FUDs relating to china, It's been many years since china is fudding bitcoin. So I think I developed a resistance to their FUDs. The only one who will be worried about FUDs like these are the newbies  who don't know how china doing it till today.

[Oilacris]

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.

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.

The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.

“Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper.

As of the time of writing, BTC is trading at $20,386, 71% down from its high and 0.7% down over the past 24 hours according to CoinGecko.

(source: Cointelegraph)

Well, what do you expect from China? Remember that they never stop attacking bitcoin because it was a threat to their own official currency, Yuan. So this is just another way of creating FUDs in the market so that all those newbies will be confused again and end up panic selling, which considered the most favorite scene for big whales. The fact is bitcoin will never go to zero value, as long as there is always the community demand for bitcoin.

They are spreading FUD about bitcoin for a very long time now and I'm sure they're the ones who profit most because of FUDS like these. I hope newbies should learn what kind of FUD they will be scared of, FUDs like these are weak. I myself are immune on FUDs relating to china, It's been many years since china is fudding bitcoin. So I think I developed a resistance to their FUDs. The only one who will be worried about FUDs like these are the newbies  who don't know how china doing it till today.

We dont start on being experienced or professional which it is really indeed that the victim of these FUD are the noobs but eventually these people would get experience and later on they would really be

molding themselves to be better and get used to it which means that they will really be able to ignore those fuds been created by China or other countries specially on bear market like this.
We know that they are trying to make the prices as low as possible because they do know that they could really make money when people are scared  or in doubts in the market.
Getting in as low as possible as they could be and these things are normal scenario but once you do have a good grasp to it then its just like an ordinary day.