Quote from: iTradeChips on May 19, 2021, 12:44:15 PM

Quote from: LittlePrinceCat on May 19, 2021, 05:20:23 AM

Quote from: gribalenfeksiyon on May 18, 2021, 11:38:08 PM

It seems surprising to me that a big country like China banned bitcoin. China has been making such news about bitcoin for a long time. everyone knows this. and because we know this, I find it difficult to take such news seriously. There is a large mass of miners in China, and it can even be considered the largest mass of miners. Therefore, the possibility that bitcoin will be banned in China does not seem right to me. these could be news stories created to create manipulation.

I’m a Chinese. I just hear that China government just ban those financial institutions to use crypto but not individual. This is not a news but an old news. I think those whales use this old news to lower the price and buy more in the dip.

Good to know that we share the same views. I mean China has been fighting its so called "battles" against Bitcoin, and it always loses (in my opinion). Chinese are still adopting the cryptocurrency and they could easily cash this out with no problem. Maybe China is starting to rev up their own digital currency so that it can be introduced as a digital currency now and then cryptocurrency later. Then they be able to pull off something unthinkable, Digital Yuan being king of cryptocurrencies.

yes, maybe it is true what you say. the Chinese just wanted to introduce their own currency and wanted to increase its popularity, maybe that was the goal. We all know, from previous years China did prohibit bitcoin transactions, one reason is that virtual currency is difficult to control and easy to become a fraud. but it is not impossible that they want to make their own currency that gets legality from the government. and they dream to be able to compete and beat bitcoin, so they prohibit transactions using bitcoin.