Quote from: SquirrelJulietGarden on Today at 04:11:13 AM

Quote from: Kemarit on Today at 02:02:51 AM

It's the China news again, government closing some bitcoin mining farms, cutting their electricity just to be sure. And probably if we see and hear another Elon's troll the price might go down again. So we can't do anything about it, unless whales are going to pump the price. But we don't want it that way, I mean no artificial pump because it will be followed by an obvious dump. So we might as well wait a bit, when everything settles down, in the next couple of weeks, maybe we might see $40k'ish or something.

China is a origin of FUD and people have to familiarize themselves with FUD from China. Many long orders were liquidated and soon you will see Short killing. News to kill short will mostly come from China, not Elon.

Quote from: mocacinno on June 21, 2021, 01:01:48 PM

There's a rumour it's China this time, apparently one of the biggest banks has stated they will systematically close and report any account that has crypto dealings.
Seems like it's plausible this is the explanation this time, but nobody can be 100% sure.

Only time can help us to verify those news but it is too late, when verification has enough time to finish, FUD goes away, and price already dumped to the helll or already recovery too much.

Quote from: Obito on Today at 03:45:59 AM

It's not going to last that long, their banks don't reach the whole world, buy now and see for yourself that the prices are going to go up again. China has always been a big contributor to FUDs but there's no long lasting effects that have been felt right now.

China is a big nation and is a biggest manufacturers of ASIC and many biggest bitcoin mining farms are in China. People are fearful of FUD from China because they think if China cracks down mining there, it would be the end of Bitcoin network, that is not certainly.

I believed all these measures embarked by the Chinese biggest bank is geared towards the taking off the much purported digital currency and it trials, all the bans, clampdowns on miners, exchanges etc are taken to discourage the use of cryptocurrencies and the government is trying to enforce the use and adoption of their digital currency, link:https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/02/china-digital-currency-beijing-to-hand-out-6point2-million-in-trial.html however whatever FUD that comes out from China Bitcoin will still survive and nothing the government can do to put a permanent stop on it usage because it is decentralized