China declares all crypto transactions ILLEGAL

[NoahA]

Bitcoin is saving lives right now and giving people hope for the future, whether you like it or not. I am glad those poor people now have a currency so their economy can survive. Thank you Bitcoin!

Honestly, if the real issue is that the people don't have a stable currency, they need to have a revolution where by the leaders are replaced with competent individuals that will make it a mandate to release a currency that is backed by a country that will stick to laws and rules. If a country cannot overcome the corruption from within and get on some path to stability and prosperity, an outside system is simply a band aid that will eventually fall off. Didn't the US try to help Afghanistan for 20 years and end up miserably failing because the majority, or strong minority, or religions ideals, or whatever it was, prevented them from accepting the way of life that brings stability to the Western World?

Unfortunately, people have to fight for freedom and work hard to maintain it. It simply can't be given to you. A country run by BTC is a country waiting to be fucked by another factor outside of their control. Just wait for a major issue to arise with crypto, and they are all back to square one.

 

[murray t turtle]

All throughout history...when the relatively dumb masses gets excited about something, and buys it all up, it eventually explodes, implodes, in value.
Tulips, beanie babies, the roaring 20's, the late 90's dot com bubble, real estate of the 2000's, cryptos -- and everything else in between, and all its variations.

%%
Good points;
but tulips, dot coms were actually a real market+ are around today in a real form. Bitcon is different, but since there is still a limited sellers market for US confederate money\LOL anything is possible........................................................................,

 

[alexeykosenko]

I am tired of China declaring a crypto ban every second month.The market was on its way to recovery and this again. People are losing money because of these dips caused by the fear of the traders which isn't healthy for the market.

 

[maxinger]

I am tired of China declaring a crypto ban every second month.The market was on its way to recovery and this again. People are losing money because of these dips caused by the fear of the traders which isn't healthy for the market.

and it went up 13% last Friday.
So far, nothing can stop BTC from going down massively.

 

[murray t turtle]

and it went up 13% last Friday.
So far, nothing can stop BTC from going down massively.

%%
Good points;
but i have not checked out the correlation of that bitcon + confederate money. US General Grant frankly\tried to destroy the south +its confederate money\LOL,
But fast forward >>panic sellers , confederate money + 1907 nickles./LOL Paid a huge premiuM, but not many left so had to pay/ waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaY UP for 1907 nickles.........................../LOL Like ART Cashin warned/ panic sellers\ Never Win'' True ,

 

[Nobert]

I am tired of China declaring a crypto ban every second month.The market was on its way to recovery and this again. People are losing money because of these dips caused by the fear of the traders which isn't healthy for the market.

Man, that's victim mentality.

 

[themickey]

I am tired of China declaring a crypto ban every second month.The market was on its way to recovery and this again. People are losing money because of these dips caused by the fear of the traders which isn't healthy for the market.

Governments around the world are not anti crypto, they just wish to control it by creating their own version.
Clock is ticking: the walls are closing in on the $2.8tr crypto market
https://www.smh.com.au/business/ban...-the-2-8tr-crypto-market-20211004-p58wzu.html

 

[murray t turtle]

Governments around the world are not anti crypto, they just wish to control it by creating their own version.
Clock is ticking: the walls are closing in on the $2.8tr crypto market
https://www.smh.com.au/business/ban...-the-2-8tr-crypto-market-20211004-p58wzu.html

%%
Could be;
or tax it, like US IRS................................................................

 

[HolyGrailSeeker]

I still don't understand crypto.... : o

ahem, monopoly money, ahem

I'll never buy that made up stuff

Ironic, cause fiat is the monopoly money.

 

[koczeau]

China can create a centralized version of Bitcoin, their so-called Digital Yuan but they won’t accept cryptocurrencies in general. Why? Only because they can’t control these decentralized coins.