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BobK71
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July 07, 2022, 03:03:38 AM |
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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 wants its citizens not to invest in Bitcoin in any way. We know that no government can control cryptocurrency. It is completely decentralized. China may have thought that since there is no other way but to discourage them, especially by providing negative news, using the media. I don't think they will be able to move forward in this way for long. Bitcoin will remain and the world will see its roar again. |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Vaskiy
Legendary
 Offline
Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
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July 07, 2022, 04:14:47 AM |
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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 wants its citizens not to invest in Bitcoin in any way. We know that no government can control cryptocurrency. It is completely decentralized. China may have thought that since there is no other way but to discourage them, especially by providing negative news, using the media. I don't think they will be able to move forward in this way for long. Bitcoin will remain and the world will see its roar again. Even now the Chinese people are big holders of bitcoin and other cryptocurrencies. Chinese government always want its own things, and maybe that's the reason why China warns it's citizens. When it wants to make something unreal, it uses the power of media. Thats what happening in recent days with more articles creating negative contents relative to cryptocurrency. |
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Faisal2202
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July 07, 2022, 06:04:08 AM |
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It is knows as fud, China has already created so many fuds to manipulate the crypto market for themselves to fill their pockets. Like, their ban on crypto at 2013, 2017, 2019,2020,2021 was all manipulated, and most of the technical analysis considered these news to be good for crypto, whenever these fuds occured their comes shopping opportunity for the manipulators of china or anyone involved, And all of the above around 65% of total crypto mining machines are made in china, so technically they are earning more than the other world but not doubt their resources had been wasted on mining machines. So to save their energy, they should make some policies instead of banning it, Well i would say that, their is darkness under the light, Source of Ban: https://www.coindesk.com/learn/china-crypto-bans-a-complete-history/Source of percentage: https://www.sunbirddcim.com/infographic/largest-bitcoin-mining-farms-world#:~:text=For%20example%2C%2065%25%20of%20the,effective%20and%20convenient%20to%20deliver. |
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yhiaali3
Legendary
Offline
Activity: 1680
Merit: 1853
#SWGT CERTIK Audited
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July 07, 2022, 06:36:23 AM |
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This game is very clear from the Chinese government, since the Chinese government decided to issue its own digital yuan, it has taken a series of strict measures against Bitcoin and cryptocurrencies, in addition to banning dealing with Bitcoin and cryptocurrencies, the decision to ban mining in China was the most dangerous that caused major problems and a decline Bitcoin at that time, the goal is known, of course, the Chinese government is taking all these strict measures to push its citizens to use its digital currency (digital yuan) and force them to give up Bitcoin, the Chinese government knows that it is not so easy to make its citizens give up Bitcoin so it is conducting a hostile propaganda campaign against Bitcoin to make Citizens are panicking, the decline in the price of Bitcoin now gives a great opportunity for the Chinese government to spread such rumors. But I am sure they will fail in the end.
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Osteoid
Newbie
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Activity: 16
Merit: 0
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July 07, 2022, 07:07:25 AM |
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China may have warned the world but somehow, I have a different mindset. I don’t think that bitcoin will collapse any time soon. All the financial markets are meant to move up and down but it doesn’t mean that any of them will end. Learn to keep patience and not believe all that you read.
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kasunrandil
Jr. Member
Offline
Activity: 112
Merit: 1
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July 07, 2022, 07:11:25 AM |
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LMAO. china is warning then buying. thats the nature
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tbterryboy
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July 08, 2022, 11:38:01 AM |
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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.
They were the ones that profit the most? That cant be, I thought they banned btc long time ago? This is the reason why it's easy for them to say those things. They also want to encourage others to do the same but that cant be. Why will we ignore something which we can get a benefit? A fud is a fud, no matter what kinds of it, all of them are still negative and should be ignored as that can affect someone who is so positive towards bitcoins. This FUD came from a big country so I don't think this is weak. What is weak are those fuds came from a mouth of a random people. No one believes on it even the noobest member of this space. |
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Accardo
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July 08, 2022, 04:03:30 PM |
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Cryptocurrency users should get used to the ugly warnings of Chinese Government about cryptocurrency. It's not new, they've been working against the project. Like I'll say, they is no bad publicity, more warning brings publicity to cryptocurrency. Only that some Chinese citizens will listen to their government and drop cryptocurrency. The news won't get across the world and many people who benefits and sights the future of bitcoin will definitely and should ignore the message. I think any news from China should be ignored completely in terms of cryptocurrency.
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virasisog
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July 08, 2022, 04:21:39 PM |
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China will always say negative things about cryptocurrency and that's given since they hate crypto, especially Bitcoin. They have been telling the world that Bitcoin will drop and head to zero but Bitcoin only continuously proving them wrong and is standing firmly. The Chinese government can see that lots of people around the world even their citizens buy it despite the banning so they're spreading FUD and fake news about it. They always hate something that they can't regulate.
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BCwinning
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July 08, 2022, 04:25:17 PM |
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like I've said before, no one should care what China says. They are manipulative and have proven it over and over again.
unless you live in China it doesn't matter what they say or do.
Seriously stop buying made in china too.
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The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
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carlfebz2
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July 08, 2022, 07:38:50 PM |
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like I've said before, no one should care what China says. They are manipulative and have proven it over and over again.
unless you live in China it doesn't matter what they say or do.
Seriously stop buying made in china too.
Speaking with those fuds and shills created by China then i do truly agree with that and specially to those who had been on his market and able to follow on what bullshit things do China keep saying towards Bitcoin. They had made out that ban specially on mining and overall crypto. https://fortune.com/2022/01/04/crypto-banned-china-other-countries/https://forkast.news/china-banned-bitcoin-mining-became-no-2-bitcoin-miner/But they had made out that digital-yuan which is obviously that they are really just taking the other direction. They dont like anonymity and decentralized or something that cant be controlled in the first place.  |
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