As everyone knows, the Chinese government has banned cryptocurrency exchanges, and now it has banned mining. The entire market has undergone many changes due to policy reasons.In fact, you should not pay too much attention to the policies of the Chinese government, because since the cryptocurrency exchanges moved out of China, the influence of the Chinese government on cryptocurrencies has become very limited.
You may not know that the Chinese government has proposed no real estate speculation for ten years, but the housing prices in big cities are getting higher and higher, and even restricting purchases and sales is useless.In China’s cryptocurrency circle, everyone silently regards the government’s cryptocurrency policy as a joke.Of course, this is probably just the dealer using China’s bad policy to suppress the price of cryptocurrency in order to get more and cheaper chips.
The problem with China is that nothing coming out of there can be trusted. For example, you may as well be one of their propaganda warriors. Remember "Wolf diplomacy"?
This is what creates so much uncertainty about actions of China as a country and the intentions of there people. The Chinese people have adopted cryptocurrency in a big way but most of them are into Alts. The miners and manufacturers never have had much say in the politics and when they had, it was never for the benefit of Bitcoin. Everybody remembers Jihan and his collusion with BCash during the blocksize debate.
So, in my book, and i believe for a lot of others, China is little more than an uncertainty to BTC. The people live under a regime whose only target is dominance. There is enough evidence in recent history that the Chinese people's will has been broken by years of communist regime. The Tiananmen massacre was the last time that the Chinese dared to rise. For rest of the time, they have been obedient cogs in the huge machine. From the one-child policy to working for the lowest labor rates in the world to actively doing espionage in western companies and educational institutes on behalf of their governments. Not to forget the COVID fiasco. As a creed of men, the Chinese are so broken that they no longer judge what is right or wrong. They just do as instructed, otherwise risk everything from their reputation in the point system to political disappearances.
So, if you are an actual Chinese trying to start a conversation about Bitcoin, I laud your courage. But it'll take more than a post to convince me that the Chinese can actually have an opinion.
You are right, but most of the statements you see are those of the government. Although VPNs can be used for most Internet names in China, it is very troublesome. Most people still don’t want to use them, so that you always think that Chinese people are like Like spokespersons, they like to express their opinions on behalf of 1.4 billion Chinese people, but you can’t hear the voices in China, because there are always people who say that you can’t represent all the Chinese people. Can you speak on behalf of your family? The child discusses not to mention representing all Chinese people. So not all Chinese people are as hostile to people as you can see, and there is no logic in answering reporters’ questions. Most Chinese people are very friendly, but they are represented by a small number of CCP staff. In addition, the incident you mentioned , We will never forget, because at the University of Hong Kong we still have a monument.