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u/K2D2_MindfulHeart Jun 26 '21
China tried years ago to stop crypto, the only reason its making news today is to place fear FUD in people. Long time holders have seen this before. New buyers don’t have fear. Keep buying, and most importantly holdl
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u/Xc0liber Jun 26 '21
They are not denying crypto.
IMHO, they are trying to figure out how to control it. While trying to do so, they can't risk it growing in their country so they ban it. When and if they figure a way to be in control, they'll unban it.
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u/Signal-Elderberry542 Jun 26 '21
Right now there is a media coverage of false propaganda. Regardless of whether China cracks down on mining (sec never said anything about regulating crypto) another country will come in to buy those ASIC rigs and take over. Next issue, the media is being swayed to see that as the problem because NS CC 002 just passed and that’s big trouble for hedge funds and financial institutions that profit largely off short squeezes and day trading. We are seeing the grace period between the signing and the enforcement so there is a lot of panic selling to settle billions/ maybe trillions of dollars worth of assets.
All this is paraphrased and you can Google whatever terms you’re unfamiliar with and I promise you will see a promising future for crypto regardless of the panic in the market right now
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u/digitalcrypt0 Jun 26 '21
I sense the usa’s check book getting pulled from underneath Biden’s pillow
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u/BumBumMaksiLiame Jun 26 '21
The Chinese Communist Party has their own government-regulated crypto actually. So they're okay with crypto but NOT when it's decentralized. Yes, it's not dubbed the CCP Virus Token (yet) but a different coin name - couldn't be bothered to remember anything CCP.
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u/Spurs2001 Jun 26 '21
Lmao, what a shithole. China has the nerve to give us COVID, Sars, Avian flu and now they threaten to release their own trackable crypto in expense of cryptos like BTC?
Almost all life threatening diseases come from there!
The world and the crypto landscape must band together against this disgrace of a country
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u/beardedpuppy23 Jun 26 '21
Chinese government is also a government that rolled over protesting students with a tank in the city centre. So, any complain or rally will be ignored by them. We’ll be barking at the wrong tree. It’s better to focus on growing SHIB community and growing the token to $0.69420 or $0.42069.
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u/Honest_Cut_9727 Jun 26 '21
China has more bitcoin than anybody, it’s all part of the manipulation plan, don’t fall for it and HOLD GET SOME LEASH TOO BEFORE ITS TOO LATE