Sep.24 — Bitcoin, Ether and other digital tokens tumbled as China intensified its push to rein in crypto speculation and mining. Eddie van der Walt reports on …
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China Escalates Crypto Crackdown, Bitcoin Tumbles
Sep.24 — Bitcoin, Ether and other digital tokens tumbled as China intensified its push to rein in crypto speculation and mining. Eddie van der Walt reports on …
source
<0=The crypto market has been unstable. People ask themselves if this is the right time to invest? before jumping into conclusion i think you should take a look at things first. BTC price fall means analysts remain divided over whether it is entering a bear market or is just suffering a brief correction on the road to more record highs. Investors who bought early are still in profit despite the recent price crash and they also earn by trading. I'm still an investor and still I'm winning by applying the same method in every trade, you can also become a winner today. We should follow the way of earning more regardless of the current market (bulls or bears), which is trading. Buy the Dip and Trade… all Regards to James Robeson for his amazing skills for aiding my crypto portfolio increase through trading chart, i had enough BTC and still trading for more.
Crypto since its inception through BTC was never designed to be 'legalized' in the legacy fiat monetary system. It is by nature a competing force to fiat system to begin with. And BTC has or any crypto for that matter have always been in grey area in China. I personally don't see any changes at all and why CCP opinion or regulations on cryptos should matter.
Every innovation always started as 'illegal'. Not because it explicitly banned, but simply because it never get 'legalized'. It just overlooked. And if the people want it, the restricting regulations will never be able to get enforced. Even in China. If people want to use google/facebook/whatsapp, not even the Great firewall could deter them.
It is super amazing already that largest mining manufacturer, largest mining operations, largest crypto exchange, all grew and flourished from within the country where most people thought (through western media) as 'communistic'.
Bitcoin must be really important
All the FUD these days is coming from China. It's getting beyond old
Oh noes! China banned crypto for 48th time!
Xi is working very hard to prevent Chinese citizens from moving money out of China. As a result, they have to band ownership of Bitcoin and crack down on laundering money through Macau casinos. It has nothing to do with speculations. Xi doesn’t care about protecting the Chinese citizens. He worry about staying in power and keeping in control of the people.
Step 1: Make a Central Bank Digital currency Step 2: ban all alternatives.
China says bitcoin is equivalent to monopoly game money….you can only use it in fantasyland and not the real world.
china hasnt done shit for bitcoin
these wall street bozos are just sick to the stomach that normal people dare to actually accumulate wealth
Omfg can they just also start arresting people who hold crypto? The sooner China drives crypto from their lands the better. Good riddance. China is tired of crypto, and crypto is tired of China. We all benefit if they exclude themselves so crypto adoption may proceed. China is that you toxic rich friend, who’s nice to have at a party cause they buy stuff and they can be ignored to an extent. Nice but not necessary. The cons of doing business with the mainland is far outweighing the pros at this point, they want to leave then please by all means let them leave. In the long run we all will be better off.
Sounds about right, just as the biggest property market in the world is looking at collapse, try and ban its biggest competition.
in china guns are illegal.. get that? then imply that to bitcoin
Did bloomberg read the new regulations issued by China? The key point is: For all persons who are working for foreign crypto exchanges outside of China and are providing crypto service for mainland people, you are doing illegal things and will be pursued by China. Basically, China gov thinks crypto is just like those online fraud/gambling games against mainland people. They will catch you if they they can (even if you are in southeast Asian countries)…
I hope the Fed and European Central Bank bans Bitcoin so we can really see how decentralized it is 😂😂😂😂
More bitcoin for US!! China us out! This is actually good, now we all know China is not gonna be there we will be fine, half of American movies are banned in China all ready we dont need that market the world wilp eat up the rest of the bitcoin 😉
Bought the dip… but it keeps dipping 😭
Buy the dip
It’s not just to stop people from hiding money. It’s to stop people from moving money out of the county. Bitcoin is the easiest way for people to launder money out of China.
Could be the beginning of the end for the scam used for speculative dreams of being rich and criminal business known and crypto and bitcoin.
Third time this year? They're getting desperate…
The fact that China is afraid of Bitcoin just goes to show how powerful and positive this is on the world
IF THEY ARE 👆👆👆CALLING OUT THE HAPPIEST FAMILY,THAT GOES THAT GOES TO ME AND MY FAMILY BECAUSE OF YOUR PLATFORM AM SO GRATEFUL SIR🤝🤝💯💯💯
IF THEY ARE 👆👆👆CALLING OUT THE HAPPIEST FAMILY,THAT GOES THAT GOES TO ME AND MY FAMILY BECAUSE OF YOUR PLATFORM AM SO GRATEFUL SIR🤝🤝💯💯💯