Quote from: Hasan986 on October 04, 2021, 09:53:39 PM

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Quote from: stomachgrowls on October 04, 2021, 10:29:56 PM

Banned - Unbanned - Banned again and i wont be surprised that they would lift again the ban and would tell again that they are accepting or its already legal.They do know on how to play the game

and as expected for such country then it isnt really that something new to be somewhat manipulative.We do know on how much coins they do own which does tell that it is totally

contradicting on things that what they are doing unless if those coins been sold off then we can say that on how serious they are on such ban or against with crypto but as long
they are holding it then its always possible that they could revoke their decisions.

for the umpteenth time as you have also explained, that China does the same thing and keeps repeating it but where it has happened, there has been no effect whatsoever with the ban that has been carried out so far after the implementation. but they keep repeating even though it is clear that there is a certain purpose behind the ban all this time.

they do that obviously because they understand that the community is indeed one of the largest mining companies. so they want to do the shock effect that what's done with intent has a specific purpose. is it impossible that they will create their own bitcoin. but it seems that they themselves are not ready or may be afraid of not being accepted by the general public.

so they do ban but they themselves understand that the community still holds quite a lot of mining products that have not been done anything. So it is true that of course there will be a dilemma for the government with the ban because it is clear that many will be harmed by the policy if it is to be enforced forever. so all can and understand what will happen with something like this.

Quote from: South Park on October 06, 2021, 07:31:00 PM

At this point I wonder why people care, unless some of the forum members live there then why do they care that China is banning bitcoin for the 1376th time? Let them do whatever they want with their country and let them miss the biggest opportunity of the early century, the countries that adopt bitcoin early are the ones that will get most of the benefits from bitcoin and as such we should stop thinking about China and concentrate in countries like El Salvador and others that want to follow them.

governments are very confident that they know that most of the mining does take place in their country. obviously there are certain things that we can't predict until now, but the rumors are clear that they want to make bitcoin themselves, because they really believe they can make a clone / rival. but again it is not easy to be able to make changes or even replace bitcoin. as long as the people are still mining as usual.

what you said it seems easy to just forget about china because there are many other countries that can do reception like el savador. but again they do that because they know that china is still one of the most reliable in terms of mining. so their confidence in it is very big and they know the potential of the community.

it is clear that the ban for the umpteenth time has been very well understood by many bitcoin users and they are no longer affected and continue to show that whatever the Chinese ban does not affect the development of bitcoin. like you said even if there is a disturbance it doesn't seem to last long and bitcoin will recover as usual.

Quote from: Wawa2013 on October 07, 2021, 09:53:49 AM

Maybe people who are worried about the ban on Bitcoin by China, they think FUD from China can make the Bitcoin price fall, the fact that several
times China has banned Bitcoin, has not stopped the price of Bitcoin from rising. Maybe only down for a while, and even then because some
newbies panic. But not long after that the price of Bitcoin went up again. I agree with you, we should ignore whatever China does, because it's their
right to do whatever they want. As long as they ban Bitcoin only for their own citizens, it's not something we need to worry about. We'd better focus
on collecting Bitcoin, and follow the positive news about El Salvador which legalized Bitcoin as a legal tender. That way we are more motivated
to continue holding the Bitcoin we have until the target we want is achieved.

whatever China does can also not be taken lightly, because China knows that its people are the largest miners in the world and we must admit and cannot turn a blind eye to it. they do that because they understand that their mining is fairly recognized.

but I agree with the colleagues above that we don't need to be afraid of the Chinese ban because so far whatever is mined by them is still being held, so it's clear that if there is a ban then the people who will lose will surely have an impact as well as the Chinese government.

Once again there will definitely be positive and negative sides to anything that China does with the ban, but at least we should not be free to focus on countries that are starting to recognize bitcoin and this will obviously be counter-productive to what China is doing and can be ascertained. the people themselves who are harmed and will affect the state in the end.