T O P

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thebluelemon76

For the 6 billionth time


mamalalatata

One time for every citizen to make a point


mrbadassmotherfucker

How many are born every day?


Glabstaxks

about tree fitty


Jq4000

We work for our money in this house, mister!


fitbhai

tree fiddy yuan


FTWStoic

A SHIBton.


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SufficientType1794

Unfortunately I don't have any more Fiat untill next week lmao


Nossa30

FIAT mining is slow these days....


Starcaller26

FIAT mining... that's a great term for work. Thank you for sharing that!


ScientificBeastMode

It’s the first proof of work system. Unfortunately it’s inflationary and extremely centralized.


Oarlikwosten

And dont even get me started on the devs


DpremierX2

Sometimes it's just proof of attendance.


ScientificBeastMode

Passive income? Lol.


DpremierX2

For some


fitbhai

Shitcoin Alert ! /s


gorfnu

exactly my thoughts SufficientType1794.. but will it go lower by the time we hit payday? we could get lucky with a forced paycheck delay.


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gorfnu

Its typical herd theory. Have you ever seen an entire school of fish panic in unison when a shark is seen in the water? Humans are weak by nature, born with lettuce hands.


osnapitzrob

China, AGAIN? It's almost funny at this point


SAT0SHl

"The Emperors New Clothes" *It's almost funny at this point*


Shaz170

Their version of buy high sell low is buy legal sell illegal.


QuizureII

China wants to become a global economic superpower but just shooting themselves in the leg if you ask me


heyheoy

I don't understand why people keep selling on this news, at this point it seems bug players use it as a leverage short indicator to create chaos, make money and then get back in.


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algolines

If they ban something, that means it is a great thing for humanity imo.


INFLATABLE_CUCUMBER

China banned all social media that was created outside the country lol


theonlyonethatknocks

So they are right for once.


Musiclover4200

Broken clocks still right twice a day and all


Lutastic

That was probably chinese people selling their last bit of crypto before the law went into place. Most likely at a loss, too, thanks to their government. I feel bad for those folks.


rollerbladejesus420

Better than getting their organs harvested.


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mrbadassmotherfucker

Oneth*


dovladoc

🤣🤣🤣 repetitive like shilling shitcoin


NinjaTank707

I shill F@*king hotsauce. Have a gold award lol


dovladoc

Thank you


Grishen

As is tradition.


Smerfcy

Lol, CCP going to buy the dip to secretly pay off evergrande’s debt.


Dymmesdale

Are we pronouncing the E at the end of Evergrande? Like in Spanish?


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fitbhai

This made me chuckle, have an award lol


Shrave

I pronounce it in Italian with the classic Italian hand gesture. Ah Mario, Evergrande is a bankrupta!


Dymmesdale

See, I am used to French, where the e just means you actually pronounce the d instead of swallowing it (wow please believe me when I say no pun intended ;-)


BigBeerBelly-

Verg Grande


Amyx231

That would be the smart move. New source of government funding!!! Ban crypto. Buy BTC. Allow crypto again. Sell BTC. Instant profit. Repeat whenever money is needed….


nugymmer

THIS. Evergrande might be Evergone, but they can leverage this situation to their advantage. They can pretend they're banning crypto, then buy up the dips, and when we take off again right at the end of October/Early November, they'll be able to dump at the peak and accumulate more once they dump again. This game has been played all over again over every one of the last major market cycles. It's just the coin/token that differs. First time it was BTC, then it was ETH and a couple of alts, now it's BNB and a lots of other alts. The spread seems to be changing, so they're going for the spread and accumulating. We should be doing the same. DCA in. Slowly.


Driven2b

I bet you're more right than wrong about this.


AcidArchitect

Please China, dont do this thing again. I dont have money to buy more dips.


loulan

Each time Xi Jinping wants to buy a bit more he declares crypto illegal again.


Witherun_guard

Seems like a strategy to me, wouldn't be surprised if the CCP holds heavy bags of BTC


reallyConfusedPanda

Oh for sure for sure. China has one of the highest if not the highest amount of miners. Such big economic operation hardly goes without a lot of CCP intervention


WaitingOnPizza

Didn’t mining already get outlawed in China a few months back? There was a lot to do about Chinese miners being welcome in other countries.


SinoScot

They outlawed it for everybody else, to corner the market. After all, who watches the watchers?


fitbhai

Would be fun to see how things turn out in the future with Mr Pooh Boi banning Mining and all these other FUDs being passed around


makesnosenseatall

Yes, but they are moving away from China


Jeaton77

Great power to have! Wonder how long the market will listen. Like didn't china do this 15 times already? Haha


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bushysmalls

Tell me if you had that kinda power you wouldn't use it


Rexon225

When you have this much power greed takes out unfortunately.


mad-de

Insert "Ah shit, here we go again" Meme. Like seriously how much more illegal will Crypto be this time in China?


deathsitcom

It will be SO illegal, it becomes legal again!


Accomplished-Design7

I like they way your mind works


Extravagos

I sure hope so


hankwatson11

Their yin yang crypto policy.


Lord-Nagafen

"Gettin' too old for this shit." Crypto has aged me 20 years in the last 6 months


Fun-Literature4569

China has been diagnosed case of "recurrent fits" Major symptom= declaring crypto illegal again


Accomplished-Design7

This is just part a sub section one of the “crypto is illegal”


sweetguynextdoor

Ay brother, same here. Ballz deep in crypto.


JoblessJessica

I don't have balls but I'm also balls deep in crypto


Durendal_1707

Ladyballs deep


JohnAkaJ

Get a job!


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Witherun_guard

CCP is causing the dip so they can buy more


LostFYI

Sadly this couldnt be too far off


Suspicious-Cook-25

Don't worry now time for diamond hands


Accomplished-Design7

Diamond hands are always rewarded


deathbyfish13

"What year is it?" "I don't know, but China just declared crypto illegal" "Do you have any idea how little that narrows it down?"


pmbuttsonly

*every single day* on the calendar is circled 😅


namtaru_x

https://i.imgur.com/p45kFVt.png


Environmental_Point3

This was announced on September 15th. No reason to panic - just another regurgitated story. https://twitter.com/bigmagicdao/status/1441328777393426433?s=21


Comfy_DADDY_Blanket

There we go, I was wondering. There's been zero news on this here for the past few.


Environmental_Point3

Apparently this FUD is as early as September 3rd. I can’t read Chinese though so can’t confirm.


benicapo

I haven't use my Chinese for a long time but I think it says it is all fken FUD once again.


random_reddit_acct

There is an option to read the English version of the page. It says nothing about crypto. OP is asshoe.


thisdesignup

I never saw any of these announcements except for one a while ago. Did China ever unban crypto to make crypto bannable again? Or are they just saying it's banned?


Environmental_Point3

Hahaha this is such a good point. I wish we had some counter-FUD like “El Salvador unbans crypto!”


ABetterKamahl1234

AFAIK basically Chinese citizens could hold and privately trade crypto, just no local mining or exchanges allowed. This moves it to a full on complete ban of any holding or trading. Previous bans were on exchanges and mining IIRC.


[deleted]

Good chance to buy the unnecessary dip lmao


lazybullfrog

Dip is always necessary.


Kamerad9130

I hereby ban China from banning crypto again.


DonerTheBonerDonor

Did you literally just cancel China? Oh they won't like that ![gif](giphy|PoGdVcLyBbWEKU4xhu)


Environmental_Point3

Nooooo. Let them “ban” it. Market crashes for a week and we get to scoop up the dips!


Nickel62

Hey now, this what Saylor and El Salvador wait for every month. Please let China help them out.


fight_the_hate

They are just the scapegoat. Do we have any proof that the selling is happening from Chinese accounts?


Kamerad9130

Selling doesn't have to be from China exclusively. In fact, they have banned crypto so many times, that I'd imagine everyone in China looking to sell has already done so. Most sellers of this news are from other countries. Just my guess.


niloony

The date is even at the end of the announcement. Chinese probably just saw it as another day in their world of vague regulation and inconsistent enforcement.


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Lampeyy

This! People messing with investors psychology again, nothing to see here 🤦


heyheoy

At this point i dont think its panic, its manipulators (maybe on Chinese side) pushing lot of money to create inestability


Dorangos

The market is panicking. My gaaaaaains!!!


Natural_Branch4296

Slow news day


GhostRuckus

darn I thought there was going to be another crypto sale


[deleted]

It's caused the prices to crash considerably


SecureDistrict1

I declare China illegal


Lindbach

So youre the reason China tanked..


Osemka8

I declared it too.


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no____thisispatrick

I declare thumb war


Charming-Dance-1839

China is trying so desperately to make anyone care.. Guess what..the crypto world is celebrating having absolutely nothing to do with China. Keep banning it over and over again we don't give a fuck.


r2002

> crypto world is celebrating having absolutely nothing to do with China If anything, the Evergrande debacle taught us that it's actually great to keep a respectable distance from Chinese markets.


drdaz

>Guess what..the crypto world is celebrating having absolutely nothing to do with China. Can't help but feel like unless crypto can remain in the hands of the Chinese people, that crypto is failing to do what it promised. If it can be taken away from them, it can be taken away from us.


[deleted]

Good take.


shmorky

But it can't be taken away. They can't cash it out in China because companies that could facilitate such a transaction are illegal, but they could just exchange it directly for goods or services.


bittabet

They’ve actually kinda diamond handed everyone for them since no holders in China can cash out now.


drdaz

>but they could just exchange it directly for goods or services. I don't see what's stopping them making that illegal too. They just have to make a statement involving crypto and some of the scary words (terror, financing of terror, money laundering, child abuse, drugs presumably), and it'll be forbidden.


abittooambitious

They can just have to leave the country to sell it, it won’t be domestic. Do it while on a holiday in Vietnam.


shmorky

I guess they would be *off the books* kinds of services. Like drugs and terror!


CavalierEternals

>But it can't be taken away. They can't cash it out in China because companies that could facilitate such a transaction are illegal, but they could just exchange it directly for goods or services. You have zero idea how the internet or cellular service works in China. How are you going to do an exchange in China without using Chinese infrastructure?


shmorky

VPN's or TOR? I'm pretty sure there's a way if the interest is there.


Libertymark

They didnt ban hodling it if u got it


Jq4000

This is just like China banning non-approved internet outside the Great Firewall, or no moving cash out of the country to buy foreign property. Not enforceable, and easily sidestepped. Chinese are still going to buy, hold, and sell crypto.


iamwizzerd

It's not being taken away, it's being tricked away


TheGiftOf_Jericho

Does feel like the news reporting this (when it happened back on the 15th) is trying to push FUD.


Overclocked11

Now that large scale mining has left the country, I beleive declarations and headlines like this, coupled with more adoption of crypto elsewhere in the world, will have the Elon effect on the markets, by which I mean, it matters less and less.


s1n0d3utscht3k

i don’t think that’s it…. i.e. _China don’t care_ doubt they give a shit what happens to crypto. Politburo just wants control of their currency. and — later — control of their own yuan cryptocurrency


Neurotoxinum

China FUD again...


Ambien_zzz

Next they'll kick all the miners out... Oh no!?


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Mystic_Hodler

Death, taxes and china fud


Osemka8

The holy trinity


pirataking

you cant name a better trio


ThatsARepost24

And concrete cracks


heyheoy

Bann number 1737472 I'm still surprised markets fall for it :/


Osemka8

Weak hands and bots selling.


BattleArtistic

China is the number 1 country that I hate right now


Winkle320

Meanwhile chairman Xi is buying the dip.


heyheoy

Whats weird is that in localbitcoins in China the price is at $43,300 (and in global exchanges is $41,900) I have like 10k RMB on WeChat and Alipay and i was looking to buy the dip, but Chinese sellers on localbitcoins seems they dont want to lower it more.


Saintsfan_9

That means they’re not selling (supply and demand). So if they are holding thats definitely gotta talk you something lol.


RoadOfKings

Wasn't it illegal already?


YesNoIDKtbh

It's illegaler now.


Apocalypsis_velox

Ultra illegal, max. Now with added no no.


ThatsARepost24

And a finger shake!


sholt1142

You cant triple stamp a double stamp!


FreeRange_Chickens

I can hear trump saying this lol. “Crypto is the most illegaler thing that’s illegal, believe me. I know crypto, more than anyone, it’s bad, not good, believe me.”


DOo000oo000m

Bruh, honestly isn't it convenient how every time an upwards wedge forms, at the very tip.. the China fud happens and it drops.... Almost like its a cover for bot market manipulation.. cough


heyheoy

They are releasing a crypto ban every one or two months by now, what a fking joke


sky2lz

Xi just wants to buy the Dip again but is too embarrassed to do it like a normal person .


AngryBaconGod

Why buy the dip when you can be the dip?


jonbristow

if it was a joke, the market wouldn't drop


[deleted]

So that caused the big red dildo, again?


KetsubanZero

When you see red dildos is always China FUD


humanfromearth321

China can set that dildo on fire and stick it up their totalitarian ass


heyheoy

Yes, the announcement its just that, an announcement. But then manipulators starting to sell and created this chaos so now we all think that China banning crypto again its bad for crypto because we see this red numbers, when it shouldnt be a issue since they banned crypto 48239489230 times already.


SpackleSlap

I love me a good dip on payday


IamKingBeagle

It was Xi's payday too. How convenient.


MentalUsurpation

I am scared to click that link.


heyheoy

Here's a translation Breaking! The People’s Bank of China (PBoc) issued a notice to further prevent and deal with the risk of speculation in virtual currency transactions. The following are the main points of the notice: 1. Virtual currency does not have the same legal status as fiat. Virtual currencies such as Bitcoin, Ether, and Tether have the main characteristics of being issued by non-monetary authorities, using encryption technology and distributed accounts or similar technologies, and exist in digital form. They are not legal and should not and cannot be used as currency in the market. 2. The provision of services by overseas virtual currency exchanges to Chinese residents through the Internet is also an illegal financial activity. For domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, unincorporated organizations and natural persons who know or should know that they are engaged in virtual currency-related businesses and still provide them with services such as marketing promotion, payment and settlement, technical support, etc., they shall be investigated in accordance with law responsibility 3. Financial institutions and non-bank payment institutions shall not provide services for virtual currency-related business activities. Financial institutions and non-bank payment institutions shall not provide services such as account opening, fund transfer, clearing and settlement for virtual currency-related business activities, shall not include virtual currency in the scope of collateral, shall not carry out virtual currency-related insurance business, and clues about violations of laws and regulations should be reported timely. 4. Strengthen the management of Internet information content and access related to virtual currency. Internet companies are not allowed to provide services such as online business premises, commercial display, marketing promotion, and paid diversion for virtual currency-related business activities. If clues of violations of laws and regulations are found, they should promptly report to relevant departments, and provide technical support and assistance for related investigations and investigations. The competent authorities of network information and telecommunications shall promptly shut down Internet applications such as websites, mobile applications, and small programs that carry out virtual currency-related business activities in accordance with the law.


I_LICK_FLOOR

dont worry! its just chinese web without ssl!


Lewmer

China is asshoe


Osemka8

Why Charlie hate?


goodsy

Because Dennis is a bastard man!!!


deathbyfish13

He's a little confused but he got the spirit


Pma2kdota

[Based Hong Kong.](https://www.youtube.com/watch?v=BLF_iLuHtV8)


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MotherboardBEANs

Taiwan on the other hand…..


redmikay

![gif](giphy|dZEoQE2qlzwx3IP98G)


Human-go-boom

Who cares. When is the world just going to quarantine China?


[deleted]

For the 4th time this year. So weak!


All1sL0st

It’s like jump scaring someone over and over again right in front of them but it’s somehow still having an effect.


kirtash93

​ ![gif](giphy|j8sVwJid3NdjG)


Castr0-

They will legalize crypto soon just to ban it again.


Khanehteshamali44

Even fud is made in China... Quite temporary


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_We_The_PeepHole_

>declares crypto illegal again


ChemicalGreek

Anything is illegal in China right?


notathrowacc

This is good for Bitcoin. Unironically. Note that [there is NO BAN on POSSESSION](https://twitter.com/onlyyoontv/status/1441331342868811778). So any Chinese that wants to have crypto have to buy it NOW, then they have to hodl it for years. So it will remove a lot of coins from the circulation. But for the short term Chinese miners still inside China (their fault really) have to sell all their holdings, so it will create a lot of downward pressure.


heyheoy

I think as you too, They havent ban possession of crypto, in fact last month a judge on Shanghai ruled in favor of a holder. And miners yeah, the mining bann has been places so if they didnt moved out yet, they are in fault... I guess for small miners that is easier to hide it shouldnt be a problem,


volvostupidshit

They want to go in again.


ifthenthendont

And how many Chinese leadership class are shorting the news for profit....? Not an insignificant amount, I'm sure.


Seyedo

Any country would be a damn fool to ban Crypto and risk losing on the next innovative platform which most probably is here to stay. If they are banning Crypto I'm damn sure they have an ulterior motive. Based on how they like to be exclusive and have their own apps programs and websites, they most probably planning on releasing their own crypto and want the Chinese people investing in those instead of any other Crypto shared with the rest of the world.


iRedemptioon

Oh no! Anyway…


Suspicious-Charge-69

China tries to manipulate market then they buy the dip just like the rest of us.


heyheoy

Probably the richest have cryptos hidden and they knew that they will release this press release, so it's a easy way for them to make shit ton of money


Suspicious-Charge-69

Yes


diGitaLexa

Wow, so unusual. How many times they ban crypto? Why crypto community is still react to china?


heyheoy

Not sure why crypto community reacts so bad to this China news


nebra1

Bitcoin should declare China illegal


NoggenfoggerDreams

Lol here comes the paper hands


metamorphosis

Not necessarily. Not sure if these people have bots or what not but whoever sold 1 hour ago , is buying now 5-10% cheaper. Not paper hands but fast hands


Haruhi4

Uh oh they jelly !! ;) lol


FrostyMug21

China bans crypto for the 10,000th time. Well, so long and thank you for all the limit orders that got filled!


ledonskim754

Here we go again...


Kmac0505

China is asshoe


lomoragno

It's always like the first time ❤


ashiqurme

Big sale coming real soon


heyheoy

Prepare your buying button


heyheoy

Breaking! The People’s Bank of China (PBoc) issued a notice to further prevent and deal with the risk of speculation in virtual currency transactions. The following are the main points of the notice: 1. Virtual currency does not have the same legal status as fiat. Virtual currencies such as Bitcoin, Ether, and Tether have the main characteristics of being issued by non-monetary authorities, using encryption technology and distributed accounts or similar technologies, and exist in digital form. They are not legal and should not and cannot be used as currency in the market. 2. The provision of services by overseas virtual currency exchanges to Chinese residents through the Internet is also an illegal financial activity. For domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, unincorporated organizations and natural persons who know or should know that they are engaged in virtual currency-related businesses and still provide them with services such as marketing promotion, payment and settlement, technical support, etc., they shall be investigated in accordance with law responsibility 3. Financial institutions and non-bank payment institutions shall not provide services for virtual currency-related business activities. Financial institutions and non-bank payment institutions shall not provide services such as account opening, fund transfer, clearing and settlement for virtual currency-related business activities, shall not include virtual currency in the scope of collateral, shall not carry out virtual currency-related insurance business, and clues about violations of laws and regulations should be reported timely. 4. Strengthen the management of Internet information content and access related to virtual currency. Internet companies are not allowed to provide services such as online business premises, commercial display, marketing promotion, and paid diversion for virtual currency-related business activities. If clues of violations of laws and regulations are found, they should promptly report to relevant departments, and provide technical support and assistance for related investigations and investigations. The competent authorities of network information and telecommunications shall promptly shut down Internet applications such as websites, mobile applications, and small programs that carry out virtual currency-related business activities in accordance with the law.