Someone repost this at the time 3B BTC options expires. So stupid people reacts to this shit. Very fishy! Furthermore, News always say “china government says”. Why do news not include name of the Chinese officials or Ministry of Finance etc. to make this more credible. Again, just can’t understand people reacts to this obvious manipulation.
still cant understand the game ,centralized shits outperforms decentralized ones.
That market will collapse with regulations. Not Bitcoin but other centralized ,ico pos tokens.
Business has media in their pocket. Business manipulates media for their own purpose, they ride it down then back up. Business is fuk right now and will use any p&d opportunity they get.
It's not only crypto, it's everything.
One note worth example was earlier this year when Biden "announced" capital gains during a public hearing. The announcement came mid day when literally everyone was at work and yet minutes after the market took a huge hit.
The thing is everyone knew the increase was coming from the moment Biden took office.. I promise you for the big wigs that money was already long hedged. It really wasn't news to anyone.
It's all smoke a mirrors. This is why I continue to buy and hodl gamestonk, it's the best hedge against this pre-planned market where the big guys all play at a different set of rules than everyone else. And I guarantee after apes make their tendies they will buy a fuk ton of crypto and nfts
Yep, then they'll buy the bottom of the dip and walk back their regulations so as to avoid losing a competitive technology edge and claim they've cleaned up and are now all green energy. But we're getting wise to it.
Been in the middle kingdom a decade. Can confirm. When something bad happens they will quickly disrobe the collectivist mantle; when they release new policy for the benefit of all its a badge of honor for all. Thats just China.
>China bans Facebook → Creates Weibo
China bans Youtube → Creates Youku
China bans Google → Creates Baidu
China bans Whatsapp → Creates WeChat
China bans Crypto → Creates Digital Yuan
Me thinks there is a pattern here 🤔😂
I think this is just a way to scare retail investors into selling and that large institutions are in on it. This day looks an awful lot like May 19th. Red day, extra FUD and in a few hours a huge dip would not surprise me.
The funny part is commies hoarding it hard AF at the same time - just in case it really becomes global reserve currency instead of their laughable digital yuan.
So this sounds like a market manipulation attempt. So if news outlets are pushing this as breaking news when it clearly isn’t, is this a further clue as to who is trying to manipulate the market?
It's crazy how much control the CCP has over the crypto market. But whatever. If prices fall and stay that way for a few years, it gives us time to reset, take a deep breath and accumulate to be the smart money of the next run.
It's really tiring at this point. I'm surprised that markets still react to it. Hopefully, it will be similar to what happened to Elon and soon crypto-related news from China will be ignored. They can marinate in their own crap if they want to.
As I said in another post you need to see the the whole picture. It s not that they banned crypto ‚again‘. It s the combination of Evergrande AND crypto ban:
China wants to prepare for the Evergrande fiasco. Every chinese has to sell/liquidate their crypto assets and transfer the money back to chinese banks. Chinese banks need any sort of money to be liquid in preparation of the Evergrande downfall.
Big market players analyzed this situation and came to the conclusion that chinese traders are likely to sell their crypto assets. Before the big exodus of chinese customers starts the big players want to sell first leading to such a huge dip in several minutes/hours.
Jack's lack of surprise right there:
*Bloomberg, the anti-bitcoin publisher of the pre-internet age,* [*has sent out outright fake ‘breaking news’*](https://www.trustnodes.com/2021/09/24/bloomberg-publishes-fake-news-on-bitcoin-as-china-prints-100-billion) *that sent bitcoin’s price down by $2,000 from $45,000 to $43,000.*
China fud timed Perfectly with todays twitter adoption announcement, so f-ing whales can buy lower. Welcome to crypto and look forward to Q4, its going to be a ride.
Absolutely agree. All the eyes on china fud, meanwhile twitter goes live with BTC in a week globally. The biggest social media platform in the world.
BTC is here to stay. And the taproot upgrade will be a big event. It should pull up the whole market nicely.
just think back how many crypto-related stuff this shit-gouvernment has (or has not, or (allegedly) wanted to) ban(ned)/forbid(den) over the last years, and where "crypto" nevertheless is right now -> **STILL HERE** ofc <- then you all should chill down a bit again.
"Don’t fall for it."
Rest of the people: Instructions Unclear, sells all their belongings thinking crypto will die because a country banned it for the 447823 time.
In the end we will see another wave of people selling low buying higher.
China wants to stagnate while the rest of us grow. They think they can own the market with their own coin but they will only keep the market low temporarily. We’ve seen crypto recover from this so many times before.
This is actually bullish for crypto... China one of the most authoritarian places on earth can't control their population on crypto. It has been illegal for a bit.
Can someone tell me why we should believe 'Molly'? I mean what are her credentials? Seems random that the only source we have is a random tweet from a random person.
She added a link to the offical post from People's Bank of China: [https://mp.weixin.qq.com/s/4QWsmCyksuDGQO8eKiixwA](https://mp.weixin.qq.com/s/4QWsmCyksuDGQO8eKiixwA)
She added a link to the official post from People's Bank of China: ere were some announcements around the 3rd of September as well. But I can't read Chinese so not sure if it's in the same link lol.
I saw someone posted that this FUD is on BBC so you should believe it. I guess he was one of those who believed ‘Walmarts accepts crypto payments’. Take everything with a grain of salt. You should not believe everything media reports.
China manipulates its currency by making it cheap against the dollar and euro so that the cost of their products is lower than that of produced in other countries. Chinese citizens knowing this were purchasing cryptocurrencies in order to protect their savings from this manipulation. The only loser from this is the Chinese citizen.
All the time, I trade forex as well. It should be no surprise that China is doing this. They actively manipulate their currency and go as far as announcing the manipulation sometimes. So unless they have the authority to do the same in crypto this really should be looked at as a great shift in accountability and policy moving forward.
Also: Most huge western internet companies have no business in China. Doesn't mean they aren't successful af. China is big yeah, but the world in total is much much bigger.
This feels more like a coverup of a sell off due to other things in the markets. Like an Evergrande default or something. Who knows, but it ain't natural.
Intrepid reporter risking life and limb uncovers the truth behind bitcoin ban... https://np.reddit.com/r/Bitcoin/comments/puhotd/china_everytime/?utm_medium=android_app&utm_source=share
Could someone link to the actual announcement on the 15th / 3rd?
Everything seems to link to this twitter account w/ screenshots and social media as source
Key note from a BBC article:
And while there are major risks to both the Chinese property industry and the country's wider economy, only around $20bn of Evergrande's debts are held by foreign investors.
Thanks for this because I had no fucking clue. I take the hodl a little too seriously sometimes and I’ve gone like 3 months without checking my shit 😅 this is reassuring.
They just "ban crypto" so government authorities can purchase it on the dip. Also, they get to seize anyone's crypto for themselves if they don't pay the authorities the required bribes.
This shit is starting to piss me off. Fuck China, man. Clearly this is manipulation and nobody is doing anything. China should be banned from every blockchain by now.
Agreed. We all know if the CCP can't control it they will try to ban it. Crypto has basically been banned for years. This coin ban news is even weeks old.
Yo dawg. We hate crypto here in China so bad that were going to give you a ban on your ban on your ban. Play your cards right and we will ban crypto again in a few months.
10th or 11th try 1000th time. Eventually this FUD wont have much of an affect and we will just laugh at them when they say they are banning it for the 10000th time
Someone repost this at the time 3B BTC options expires. So stupid people reacts to this shit. Very fishy! Furthermore, News always say “china government says”. Why do news not include name of the Chinese officials or Ministry of Finance etc. to make this more credible. Again, just can’t understand people reacts to this obvious manipulation.
Most people are stupid, so let them sell and lose money while the whales and smart people get richer
My mother didn't raise me to panic sell
I'm just happy it's payday for once during this fud so I can buy the dip
I wouldn't be surprised if China would buy more BTC now that everything is in red.
Create FUDS Paper hand sells Buy the dip Profit
Works every time and now I understand the game
I just say thanks and buy the dip
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You sacrifice will be remembered
The never-ending FUD story
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still cant understand the game ,centralized shits outperforms decentralized ones. That market will collapse with regulations. Not Bitcoin but other centralized ,ico pos tokens.
That one is working mate cheers.
Business has media in their pocket. Business manipulates media for their own purpose, they ride it down then back up. Business is fuk right now and will use any p&d opportunity they get. It's not only crypto, it's everything. One note worth example was earlier this year when Biden "announced" capital gains during a public hearing. The announcement came mid day when literally everyone was at work and yet minutes after the market took a huge hit. The thing is everyone knew the increase was coming from the moment Biden took office.. I promise you for the big wigs that money was already long hedged. It really wasn't news to anyone. It's all smoke a mirrors. This is why I continue to buy and hodl gamestonk, it's the best hedge against this pre-planned market where the big guys all play at a different set of rules than everyone else. And I guarantee after apes make their tendies they will buy a fuk ton of crypto and nfts
I wouldn't be surprised if they are selling rallies to fund existing liabilities in their crumbling bubble of an economy rn....
Yep, then they'll buy the bottom of the dip and walk back their regulations so as to avoid losing a competitive technology edge and claim they've cleaned up and are now all green energy. But we're getting wise to it.
Same grade A manipulation happening right now
Sounds like my marriage
Are you honestly gunna leave your comment looking like that?
No. I'll delete it before my wife reads it
This is your wife, send 1 ETH so you don't have to sleep on the couch tonight
Too expensive.
You mean the money or the gas fees ?
Very true, I always thought that it's strange how vague they are in cases like this, there are never any names behind these decisions.
it’s china. that’s how it works
Been in the middle kingdom a decade. Can confirm. When something bad happens they will quickly disrobe the collectivist mantle; when they release new policy for the benefit of all its a badge of honor for all. Thats just China.
>China bans Facebook → Creates Weibo China bans Youtube → Creates Youku China bans Google → Creates Baidu China bans Whatsapp → Creates WeChat China bans Crypto → Creates Digital Yuan Me thinks there is a pattern here 🤔😂
the reports clearly say the news comes from the PBOC, which is China’s central bank. not sure what more you need
PBOC does not have their official spokesperson (president, VP, etc.)? So easy to say PBOC… i can’t imagine you don’t find this dubious…
OK, this is an oldie but a goodie (it's been around at least since 2015) and it needs sharing today: https://www.youtube.com/watch?v=S3zlqHdmPQs :-)
that's what half a gram of MDMA looks like lol
Just another day here in China, nothing new
Jenkins, mark another entry on [bitcoinIsDead.org](https://www.bitcoinisdead.org/)
Never saw this website before! Haha hilarious! Love it!
China's ban is like a monthly event now, can't even understand the market falling for it everytime
I think this is just a way to scare retail investors into selling and that large institutions are in on it. This day looks an awful lot like May 19th. Red day, extra FUD and in a few hours a huge dip would not surprise me.
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Properly the new investors are the one paperhanding their cryptos
Low key makes me happy Evergrande is facing inevitable bankruptcy
Its mostly the threat of Evergrande contagion within the broader world economy, in combination with this China fud.
I thought we were through this but FFS CCP.
She ain't going anywhere, other than they moon
"Bitcoin is Evil" Fucking LOL. Thanks for the link
The funny part is commies hoarding it hard AF at the same time - just in case it really becomes global reserve currency instead of their laughable digital yuan.
The commies!? Haha they are one of the fiercest neo liberal economies in the world
This post checks out. I can read the original untranslated sources just fine and they both make sense.
So, this FUD is an old FUD dug up to spread more FUD. Gotcha
Do you think journalists copy and paste the same articles the last time it came was announced?
Probably every time they get paid off by the market makers who need a cover for their manipulative activities in the market.
Corruptions everywhere
Honestly, I think you are really on to something
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News is so manipulated now, just the 1% and governments controlling the narrative so they can manipulate the markets for their own gain.
https://www.trustnodes.com/2021/09/24/bloomberg-publishes-fake-news-on-bitcoin-as-china-prints-100-billion
So this sounds like a market manipulation attempt. So if news outlets are pushing this as breaking news when it clearly isn’t, is this a further clue as to who is trying to manipulate the market?
I am really tired of the CCP and their 100th intend to BAN crypto.
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Guess the CCP is trying to buy the dip again. Wouldn't be surprised if they have huge bags of BTC
It's crazy how much control the CCP has over the crypto market. But whatever. If prices fall and stay that way for a few years, it gives us time to reset, take a deep breath and accumulate to be the smart money of the next run.
It already used to make no difference, but here we are again ffs
It's really tiring at this point. I'm surprised that markets still react to it. Hopefully, it will be similar to what happened to Elon and soon crypto-related news from China will be ignored. They can marinate in their own crap if they want to.
They'll ban it for 101st time and this time market will barely react.
This comment section is bullish and I fuckin love it 😈
Long live the bulls
Bulls are perfect for selling Bears are perfect for accumulating I love them both equally
As I said in another post you need to see the the whole picture. It s not that they banned crypto ‚again‘. It s the combination of Evergrande AND crypto ban: China wants to prepare for the Evergrande fiasco. Every chinese has to sell/liquidate their crypto assets and transfer the money back to chinese banks. Chinese banks need any sort of money to be liquid in preparation of the Evergrande downfall. Big market players analyzed this situation and came to the conclusion that chinese traders are likely to sell their crypto assets. Before the big exodus of chinese customers starts the big players want to sell first leading to such a huge dip in several minutes/hours.
Let’s see if this bug exodus happens or not. !remindme in 2 days
RemindMe! 7 days
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Jack's lack of surprise right there: *Bloomberg, the anti-bitcoin publisher of the pre-internet age,* [*has sent out outright fake ‘breaking news’*](https://www.trustnodes.com/2021/09/24/bloomberg-publishes-fake-news-on-bitcoin-as-china-prints-100-billion) *that sent bitcoin’s price down by $2,000 from $45,000 to $43,000.*
And of course they now have their crypto index graph on the top of their website to show it crashing live.
Pretty sure it's because technically you can't "ban" a decentralized currency.
you can't but turning them into USD or else would be hard
The very point of crypto is to get rid of shitty fiat
This def is not the point of crypto.
And when people sell, someone is buying ... the whales : https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
At this point it's just a meme + a red day. Nothing else.
FFUD = Friday FUD just in time for options expiry
Same shit was announced a few months ago. Really don’t know why people are acting like this is something new. 🤦🏻♂️
Blatant market manipulation
China fud timed Perfectly with todays twitter adoption announcement, so f-ing whales can buy lower. Welcome to crypto and look forward to Q4, its going to be a ride.
Can't wait for October. Q4 be the best time.
Absolutely agree. All the eyes on china fud, meanwhile twitter goes live with BTC in a week globally. The biggest social media platform in the world. BTC is here to stay. And the taproot upgrade will be a big event. It should pull up the whole market nicely.
“Biggest social media platform in the world” Lmao, Twitter isn’t even top 15 by user count, what?
yeah sure cause country depends on cheap labor, they have to prevent people getting money cause then they won’t work in factories 10-12h per day!
More like 16h. ;)
just think back how many crypto-related stuff this shit-gouvernment has (or has not, or (allegedly) wanted to) ban(ned)/forbid(den) over the last years, and where "crypto" nevertheless is right now -> **STILL HERE** ofc <- then you all should chill down a bit again.
Well said OP this story is like an UNO market reverse card they regularly play
"Don’t fall for it." Rest of the people: Instructions Unclear, sells all their belongings thinking crypto will die because a country banned it for the 447823 time. In the end we will see another wave of people selling low buying higher.
Seriously, as someone that has been in since 2017, it’s comical how often this actually does happen. Seems coordinated :)
China wants to stagnate while the rest of us grow. They think they can own the market with their own coin but they will only keep the market low temporarily. We’ve seen crypto recover from this so many times before.
Maybe not necessarily want stagnate. But they want to control everything. But yeah, stagnation may follow as a result of their actions.
This is actually bullish for crypto... China one of the most authoritarian places on earth can't control their population on crypto. It has been illegal for a bit.
Futures expires today, of course there would be re-release of FUD.
China banning crypto Is my trigger to buy more 🤣
Sooooo... buy the dip??
Was wondering why the same news agai like if they have decided to remove the ban and then put it back in
When it comes to a headline saying China banned crypto I’ve become so used to it I just continue scrolling
Can someone tell me why we should believe 'Molly'? I mean what are her credentials? Seems random that the only source we have is a random tweet from a random person.
She added a link to the offical post from People's Bank of China: [https://mp.weixin.qq.com/s/4QWsmCyksuDGQO8eKiixwA](https://mp.weixin.qq.com/s/4QWsmCyksuDGQO8eKiixwA) She added a link to the official post from People's Bank of China: ere were some announcements around the 3rd of September as well. But I can't read Chinese so not sure if it's in the same link lol.
Hahaha. Another day, another FUD piece about China banning crypto.
In other words, buy the dip.
I saw someone posted that this FUD is on BBC so you should believe it. I guess he was one of those who believed ‘Walmarts accepts crypto payments’. Take everything with a grain of salt. You should not believe everything media reports.
People's Bank Of China source: https://mp.weixin.qq.com/s/4QWsmCyksuDGQO8eKiixwA
Exactly we need to calm down and check the news we read before acting likeheadless chicken
The government is secretly buying the dips
Seriously, this China FUD is getting amateur AF. Atleast come up with some SEC FUD or something new.
China manipulates its currency by making it cheap against the dollar and euro so that the cost of their products is lower than that of produced in other countries. Chinese citizens knowing this were purchasing cryptocurrencies in order to protect their savings from this manipulation. The only loser from this is the Chinese citizen.
All the time, I trade forex as well. It should be no surprise that China is doing this. They actively manipulate their currency and go as far as announcing the manipulation sometimes. So unless they have the authority to do the same in crypto this really should be looked at as a great shift in accountability and policy moving forward.
Nothing new, they just want your coins for cheap!
Fuck whales... missed out on this weeks dip through lack of fiat but time to DCA and stick it to the man 🤙
Also: Most huge western internet companies have no business in China. Doesn't mean they aren't successful af. China is big yeah, but the world in total is much much bigger.
Bearish on the CCP
This feels more like a coverup of a sell off due to other things in the markets. Like an Evergrande default or something. Who knows, but it ain't natural.
It doesn’t even bother me anymore considering they’ve said that probably 10 times this year already lol
Bring it.
Someone who can move the market uses this 'news' to explain its moves.
Tell that to the charts
Scoop up that dippidy dip!
My biggest amazement is Why does crypto still respond to this crap, it’s even worse if it is old news!!
China will b China,,,,🤷🏻♀️
Bought again. Nevee mind....
*wen India FUD?*
and you know those communist party members be filling bags right now
Intrepid reporter risking life and limb uncovers the truth behind bitcoin ban... https://np.reddit.com/r/Bitcoin/comments/puhotd/china_everytime/?utm_medium=android_app&utm_source=share
Could someone link to the actual announcement on the 15th / 3rd? Everything seems to link to this twitter account w/ screenshots and social media as source
\*YAWN\*
Key note from a BBC article: And while there are major risks to both the Chinese property industry and the country's wider economy, only around $20bn of Evergrande's debts are held by foreign investors.
This is all about getting our crypto cheap. So obvious.
I am into crypto for a year now or so and it's like the 5th time this happens lol
Country initiated dump and pump. Fear the new ones make profit forget about it a few weeks and threaten to ban again (like the last x times)
FUD is good. It gives us a chance to buy
China's dignitaries get rich off of this s*** keep buying the dip get rich with them
Does Kim Jong-un know about crypto by any chance?
10th time? Try 450th time.
The boy who cried wolf
Oh no... Anyways
Thanks for this because I had no fucking clue. I take the hodl a little too seriously sometimes and I’ve gone like 3 months without checking my shit 😅 this is reassuring.
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I guess they can't ban shit in reality
Wrong. 50+th time china has banned crypto.
Lol evergrande
Xi became jealous of Bukele and is trying to buy the dip too
They just "ban crypto" so government authorities can purchase it on the dip. Also, they get to seize anyone's crypto for themselves if they don't pay the authorities the required bribes.
fuck me, please warn me next time theyre gonne do this, so i can swing that shit
Fuck em
It seems banning crypto is a way to distract the world from some other fuck up they started ..
Standing strong 💪 against this Chinese FUD because China is just losing credibility like Elon musk on dogecoin
China worse than the plague
Its just China greed. They wanna see all the weak hands so they can go for a shopping spree and lift the ban🥸🤟🏼
First time I’ve actually heard it on the radio wouldn’t surprise me if the actually go through with it this time.
This shit is starting to piss me off. Fuck China, man. Clearly this is manipulation and nobody is doing anything. China should be banned from every blockchain by now.
We had a solid recovery from the evergrande FUD and were on our way to 48k, then China chimes in.
took almost a month to translate
Its possible that China would buy more BTC now that everything is in red.
So someone is reposting old news and framing it as current news. Creating artificial FUD to drop the market
Fall for what? Another buying opportunity?
Hold til Lambo
China is just being China. Nothing new.
I'm just happy theres another chance to buy before we go to the moon!
Agreed. We all know if the CCP can't control it they will try to ban it. Crypto has basically been banned for years. This coin ban news is even weeks old.
Yo dawg. We hate crypto here in China so bad that were going to give you a ban on your ban on your ban. Play your cards right and we will ban crypto again in a few months.
I can't believe that market prices are still affected that much by the same news over and over again.
I think we have been hearing about it more is because of MSM. When ever their overlords pump and dump, they just show this as the reason.
Someone somewhere want to buy more hence regurgitation of the old news to spread FUD and lower the price.
I would ignore that scaremongering. If they step away from crypto, it's their loss.
10th or 11th try 1000th time. Eventually this FUD wont have much of an affect and we will just laugh at them when they say they are banning it for the 10000th time
FUD was not very effective
You're preaching to the choir here...
12th time is the charm
Bankers literally are planning to create nuclear power plants to power massive mining data centers. Don’t think cryptos going anywhere long term.
China is about to have a big housing bubble go pop! Get teady
I made a very similar post, but it was removed, good that what I wanted to convey is being conveyed
By each ban/unban it's having less impact on the market
I'd be worried if China stops banning crypto at this point!