i totally agree with your opinion mate, chinese game plan, maybe they want to control the whole country under their control, and they also want bitcoin under their control, before they can control bitcoin under their control, i'm sure they will do everything possible to drop bitcoins..

Such behavior of the Chinese government is not new, they have been trying from the beginning to promote and spread their own coins. Over the past few years, they have repeatedly disturbed everyone by announcing crypto bans, creating volatility in the market.
This time, at least, their influence will be stopped because they must have realized that investors are no longer disturbed by their influence. The market has been able to maintain its stability even after they have turned off bitcoin mining.

everything could be what you think is true, that there is an intention contained there, we see China is a very large country in mining, but made a ban on bitcoin, which may be this action for the umpteenth time china made a breakthrough and almost certainly there is something behind everything which is conducted.
at the moment it is difficult to predict the policies that will be carried out but certainly the direction is the same as you expect. it is certain that the policy objectives will continue to benefit the Chinese government in everything it does.

Don't tell me their game plan is to introduce their own state owned cryptocurrency to the world...Well that is one possibility but the problem I have with a state owned crypto is the crazy control these guys want to possess.

If they have chosen the path to kill  bitcoin then they don't deserve any crypto support too..

I’m glad we clarified that a bit, because people think something happened overnight, when in fact China’s attitude towards crypto miners has always been negative - but they allowed the whole thing to some extent - until they announced a total ban back in 2019.


No country should have too much influence on any aspect of cryptocurrencies, but while it's hard to say how many miners will actually move to the US - I don't think there will be too many, because there are much better locations around the world. Although the US already has a huge impact on cryptocurrencies, because there is the largest crypto exchange (Coinbase), the largest fund (Grayscale), a company with over 100 000 BTC (Microstrategy) and some people like the Winklevoss twins who have about the same amount of BTC. Virtually everything revolves around one country, and that is very bad for decentralization, no matter how some interpret it as a natural course of adaptation.

You are right, this event is a game, but we will not know about the real plans of this game yet, since it is not beneficial to the organizers of this game. There is a version that this is the beginning of the fight against digital cameras and China was chosen for the first strike on them. On the other hand, this event was associated precisely with the fall in the price of BTC in order for the management of mining to pass from one hand to another. In any case, this is an important event that will surely lead to certain consequences, but exactly what I think we will soon find out.

I agree there is some sort of game plan with this series of China crackdowns on Bitcoin and the crypto world at large. However, I feel nerds in this forum should take advantage of this opportunity and increase their holdings as and when they can. I mean, come to think of it, if we ever touch 6 figures of bitcoin these prices would be so cheap not to have grab some.

My strategy in this game is to buy at least $100 worth of bitcoin every month and save it. don't really care about the price.