About Bitcoin and the Chinese Government

in #bitcoin7 years ago (edited)

china_bitcoin_medium_size.png

Unless you are new to cryptocurrencies, you must have realised by now that the Chinese government FUDs Bitcoin every other week. But what they really mean is, they want to buy coins so they are crashing down the price just before to get it cheaper.

Sometimes though it’s the rumour mill that distorts messages. Such as in 2013, the Bank of China told its citizen to be careful with Bitcoin because it was highly volatile. That message somehow became a prediction that China was going to ban Bitcoin.
https://news.bitcoin.com/china-recognize-bitcoin-peoples-rights/

I’m just putting this out there so people think before they act and don’t get fooled again.

Have a nice day

Sort:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by contributor77 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.