Post
Topic
Board Economics
Re: China Is making Fuds Since 2017, But BTC Always Gone higher
by
Oasisman
on 26/09/2021, 21:32:17 UTC
~snip~

What China is doing doesn't fit the definition of FUD.  FUD is trying to bring the price down by talking negatively about it, but China is just outright banning it from the country.  They don't give a damn if that makes the price go up or down because they only care about getting it out of the country because they can't have anything challenge the digital yuan.  Since their actions are based on getting rid of it instead of affecting the price, it's not correct to call it FUD, which is a grossly overused term by this community as it is.

What do you call it then? Isn't Bitcoin's price pulled down? Several times everytime China announces about banning of cryptos in their country. It doesn't matter If they intentionally did that to pull the price down or not, that news still creates FUD to the investors. FUD doesn't literally mean to deliberately causing something to pull the price down, It could be something out of the intention that creates panic to the investors to sell their assets.
Another thing, are you sure they don't give a damn about Bitcoin or other cryptos price? I mean we can't be so sure about that.