Bitcoin Forum

I just wake up with a price of near $4000, testing again the previous near $4000 resistance, so it double bottomed and now seems to be going up again, hopefully this is the last time it bounces back to $4000.

Is this the aftermath of the same fake chinese news? but who the hell didn't see that the news are fake yet?

Bitcoin is our guide to the world of the new economy. The fact that such news may provoke panic this suggests that many users are not true supporters of the idea of bitcoin. Their interests are only speculation. The less these people will use bitcoin the more stable it will be.

Are we absolutely certain it is fake? It endlessly tickles my mind that there never seems to be a straight answer out of China. BTCC say they've heard nothing, but if they do they'll turn towards facilitating OTC trades. Binance have banned all Chinese IPs. Chinese localbitcoins volume is way up, and the price on Chinese exchanges is still way down.

I don't think there's a definitive answer yet.

The possibility that there are many people that are spreading FUD in the forum that is why there are so many selling their bitcoin out of fear again, this is the only thing I can think about on the possible thing why the value of bitcoin drop, and because of this spreading fake news, you can see that it is like a wildfire spreading in the forum and many just believe that uncertain news.

Bitcoin has a lot of speculative capital and so will always be many who want to distribute fakes to the market was unstable. Such a roller coaster ride in the market of crypto currency is always on hand to speculators. Until they leave the market we are always under their pressure.

It looks like they've banned access to a particular trading forum used by Chinese traders. This could signal further changes in the law or crackdowns, or simply be a competitor being taken out by somebody with powerful government connections.

In most cases, articles get poorly translated, get included non existing lines to make things look worse, fake articles get sponsored, etc. I am quite confident that certain regulations being stated in legitimate articles, have been twisted and messed with by fud spreading idiots in an attempt to get this market to sink - how else will you get an extremely bullish market to stop growing further temporarily? It's a fairly easy solution, but yet extremely effective - China ban news always works. As long as Chinese exchanges themselves aren't coming up with statements that they are forced to shut down their platform, there is no need to worry about anything. Since when have words into whatever lunatic article have more value than the words of the exchanges themselves? This market will never get over this China ban crap it seems.

Nothing. The whales and the shorters wanted to sell. They try to do it to coincide with "news" so that people have a story to tell themselves to explain it all, but the reality is, there is profit-taking going on.

Even if there is not a definitive answer yet, We still cannot conclude that the news is not fake so therefore, it is just right to assume that the news is probably fake if it isn't really coming from official sources unless there will be announcement soon about their FUDs coming from reliable news sources. That being said, there is a probability of China ban to be true because binance is banning all Chinese IP's but there is also a chance that it isn't.

Bitcoin price is just retracing back to normal position. No bans are needed. Price can easily go under $2000 in 2018.  This BAN news are just exaggerations people love to fight about.

Some of them are fake to make us panic. We need to be careful on this. They want to make crashes in the market on purpose. This way, they get much more profit.

This is just telling us that it is very easy for a big government like China to influence (and possibly kill) Bitcoin and cryptocurrency in general. They only need to pronounce anything negative and all of the Bitcoin market can go hell crazy. We are relying more on a country or a regime to gain control of the market and indirectly  Bitcoin. I am wondering: Isn't Bitcoin supposed to be the opposite of government control? Sadly...this is human nature at its worst.

I also hope this will be last correction or dump, crypto market need to get rid of all these panic sellers and newbie traders who can't hold for few months and are selling for loss.

I personally believe, Bitcoin will soon test $5000 and if it will cross that level we might see another bigger bull run..

It was a fake rumour. The news reported quoted confidential sources as saying that all cryptocurrency exchanges would be shut. People thought it would probably be false news, but still didn't want to take a chance. When some people started selling, others joined in and we went down all the way to $4000.

Most of them... But Caixin news about ICO temporary ban was true. Now they post information from the same insider in government group about exchanges ban  http://finance.caixin.com/2017-09-08/101142797.html (http://finance.caixin.com/2017-09-08/101142797.html)

I think the fake news is the trading site will be closed that is why other people are panic selling their bitcoin..
But i seen some post by BTCC that they never receive any notice from government and they said its illegal not giving any notice to them.
And i think there is something behind here.. and i read some tweets from cdledger there are 5 altcoin right now are delisted in exchanges in china so i think only those ICO's or altcoin are ban not a bitcoin base on what i read yesterday..