Quote from: lepbagong on July 09, 2021, 08:17:12 PM

Quote from: dota2bestplayer on July 09, 2021, 06:40:30 AM

will not! The more China suppresses Bitcoin, the more Bitcoin's pricing power will be biased overseas. Most people have seen the highly speculative nature of Bitcoin. But the true value of Bitcoin lies in whether anyone believes that even if it plummets, some people will choose not to sell it. This is consensus.

Actually, what China is doing is not only now they do it, but several times and it's normal, because they understand that bitcoin is very strong and cannot be suppressed because the mechanism is due to market movements. but indeed they are good at managing with a clear goal is the desire to seek profit as well as its nature.

so let this go by itself then everything will be normal, because everyone also knows that bitcoin is very sought after and made a very attractive investment, they will always keep it until the time when the price has been exceeded.

Its their marketing strategy. I have a guess, the Chinese government own billions of dollars of Bitcoin secretly. They eventually release news so that people change their mind over bitcoin and sell all their shares. Then bitcoin will go down then Chinese govt grab it. For now it’s no problem, we know the future of crypto coins. China government expert to control over their people, now they pick the same tactics over Bitcoin.