Here are five Bitcoin-related panic events that have caused significant market volatility and impact in the past, but have not been able to derail Bitcoins progress.
The events are listed below by approximate year:1) 20132014 China Trap: In 2014, the Peoples Bank of China (PBOC) banned Bitcoin trading.
2) 20152016: The following events created a situation where Bitcoin stocks were expected to decline, as well as its price: the Mt. Gox debacle, legal restrictions, and fear of regulators.
3) 20172018: Another China Trap, during which exchanges and advertising were banned for security reasons.
4) 20182019: Attempts to forcefully recognize Craig Wright as the father of Bitcoin, along with attempts to reduce Bitcoin's influence by launching a new coin called "Satoshi Vision" as an alternative version of Bitcoin, which later completely failed.
5) 20212022: News of China cracking down on mining due to environmental concerns and the risk of harmful effects spread.
Looking at the paste rumors which was intended to cause scare among Bitcoin followers I noticed that China is leading, as they have taken alot of measures in the past just to make sure that Bitcoin Adoption is one thing that is not possible in their country. But among the crack down that I see as been hypocritical is the claim that has to do with environmental concern, China is the leading countries when it comes to the emission of the green house gases because of how large China is industrialized.
Singling out Bitcoin mining as a concern to environmental problem was to me a well calculated attempts by the government to discourage citizens from adopting Bitcoin. But thank God that China today is among the country that has turned a new leave because they are having more crypto friendly policies and adoption rate is higher too.