During this period of time, the encryption industry seems to be not very optimistic. The market is falling, but bad news keeps coming. The mining policy has been unprecedentedly strict. After that, many big Vs in the circle were banned from Weibo. Yesterday evening, there was news that a small trader Xia, Fat House Bitcoin, Starling Tan Coin, Super Bitcoin, Blockchain William, Bitpie Wallet and other big Vs in the currency circle were banned from Weibo. Relevant pages show that the account has been complained of violating laws and regulations and the relevant provisions of the "Weibo Community Convention", and it is now unavailable to view. Among them are some "big bosses" who have been preaching Bitcoin and blockchain since 13 years. What is the signal that a large number of blockchain bloggers are banned? How did the market react to this?

As soon as the news came out, Bitcoin dropped instantly, reaching as low as $34,938, a drop of nearly 10 points, and now the price has returned slightly.

Not "beginning" nor "end"?

This is not the first time that the blockchain self-media has been banned, but this time the title is different from the previous ones. Most of the previously banned accounts are suspected of selling with orders (such as Madman Research Institute, etc.). This time, many blocked accounts are indeed doing science popularization seriously. For example, the microblog content of Super Bitcoin (the founder of the Benmo community, a big man in the DEFI field) is mostly related to Defi mining, and the content of Bitpie Wallet (wallet official microblog, a good popular science blogger) is mostly teaching How do people keep their digital assets and Defi mining well? Babbitt Information (the earliest media platform in the currency circle) usually publishes very moderate content, as well as Bitcoin female doctor, blockchain William, and Bitcoin alien. Customers, etc., if they want to say "bring orders" or "advertise" or something, at most they say they are bitcoin bulls, and they don't advertise any altcoins.

However, at present, most of the bloggers' trumpets are officially on the job. Due to the fact that there have been too many previous banning incidents, most big Vs also have their own aliases, and those who have none have basically created new aliases. Some netizens have sorted out the aliases of some big Vs that have been banned, as shown in the picture below. Interested friends can search and follow by themselves.

The author pays attention to the past one by one, and found that many big Vs are slightly critical of being banned. After all, most bloggers have been working hard to manage their accounts. These Weibo accounts range from tens of thousands of fans to nearly a million. Fans, it is definitely a lie to say that it is not uncomfortable for it to disappear in an instant. After the incident, the Bitpie Wallet operator said in Moments that they would no longer operate Weibo for the time being. 37 Degrees of Mint Mining also said that they would put more energy on Twitter operations in the future. Blockchain William said, " In the future, Weibo will only post jokes.”

And some people in the circle said that this wave of bans is just the beginning, and there will be new "banned lists" on the list, which has caused a lot of panic in the market. Many people think that now is the starting point of a bear market. The market is sideways and regulations are tightened, and then it may start to fall. The altcoins will drop at several times the rate of Bitcoin's decline, and some air coins born for speculation will directly Back to zero, and we're in for another long bear market.

However, more people's suggestion for the current market is to "wait and see", embrace supervision, embrace market trends, and then make trading judgments. Watch more and move less, no leverage! No leverage! No leverage!

Of course, some bitcoin staunch bulls said that it is now a replica of the "September 4th" in 2017. On September 4, 2017, seven ministries and commissions joined forces to attack and clearly identified ICO as "suspected of illegal sale of token tickets, illegal Issuing securities and illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities", the prohibition of token issuance and financing has spread to Bitcoin.

And now the fire has spread to "Bitcoin mining". Starting from May 18, China has intensively released regulatory policies on cryptocurrencies: On May 21, the State Council's Financial Affairs Commission demanded to crack down on Bitcoin mining and trading, and resolutely prevent Individual risks are transmitted to the social field; on May 26, the Inner Mongolia Development and Reform Commission issued eight measures to solicit opinions on resolutely cracking down on and punishing virtual currency "mining" behavior.

According to various sources, in order to reduce energy consumption, Xinjiang, Inner Mongolia, and Sichuan have issued relevant documents. According to the investigation and report of "China News Weekly", many mines have been closed and most of the mining machines have been transferred abroad. Three months after the "September 4th" in 2017, Bitcoin suddenly rose to the highest point of the last round of bull market at $19,353. They firmly believe that history will repeat itself, and the highest point of this round of bull market should be three to four months later.

No matter which of the above views, now is not the time to "act rashly". I still want to advise everyone to keep faith and vigilance at all times.