Bitcoin Forum

I think altcoin prices will rise up again after a fake news from china

I'm not really bothered what happens with altcoins but I hope & expect bitcoin to rise again after China creating a shit storm (yet again).

Who knows whether it is really fake? I was amazed till now that why government like China (one-party Communist government) which loves censorship isn't looking in Bitcoin and cryptocurrencies.
But since such news are coming, we should expect them to be real till some point. But it really a testing time for users all over the World to prove that Bitcoin isn't puppet of one country and we can easily neutralize Chinese affect.

If the news spreading around is fake, bitcoin and altcoin price will recover soon. Otherwise, there will be a long time before the price of cryptocurrency will recover. It will take some time but it will surely recover.

I don't think price will stay like this for very long regardless of the income. In a months time everything will be back to normal and price will continue to go up

yes now bitcoin prices rise again and tend to keep rising until near the beginning of year 2018, rumors about bitcoin that occurred in China does not seem to cause panic from business in bitcoin.

I think the time between $5k and $10k will be shorter than people expect. Impossible to say how long bitcoin will hover in the low $4000s but if you believe in BTC's long term future then just view it as a chance to acquire some more before it gets up to $10k.

Yeah looks like correction is over right now, and the prices are in green at the moment. It is still a good moment to buy altcoins, they are still cheap than before.
I am re-stocking of Golem, ark, and Ethereum, i think they are going to skyrocket once that bitcoin goes over $4500 again.
By the way, this correction was needed, so i am not panicking about it.

It will definitely just go up again, I don't think a simple regulation from a single country would totally destroy the great possibilities of cryptocurrencies.
It will remain relevant and it will always be sought by people who believe in cryptocurrencies. So it is just a matter of time before it all goes up again.

chinese altcoins will die but international altcoins will rise up again

I appreciate your good thoughts, china is not a director in cryptocurrency. but we admit that the Bitcoin miners are mostly from China.
however, it does not mean that china is in charge of cryptocurrency.

Nothing wrong with a healthy correction, good for the future growth. Lets hope we see a nice increase again in the coming months, if we do we'll see altcoins rise again so maybe a good idea to invest in some of them if you have your eye on any.

I don't think people really care that much about altcoins... I just hope that all this chinese drama will have some good effect on the ol' bitcoin price a rise over 5k $ before 2018 ? Let's hope so.

Some of the Bitcoin rally in the past couple of months has to do with the dollar index dropping.  The USD has been dropping against all currencies, not just Bitcoin.

Which is the best scenario for Bitcoin to be honest. I would like the altcoin market to die - of course not entirely, some altcoins are interesting projects.
Most of altcoins have been created only for one purpose - to earn a buck for their creators or for funsies (PutinCoin, PutinClassic, TrumpCoin, even DogeCoin).
With crazy ICO scene gone in China, hopefully, traders, investors and newbies focus more of old reliable coins: Bitcoin and Litecoin.

O course bitcoin and altcoin will soon rise after this 'fake' news coming from China. But the problem is that is has already damage the price and seems irreversible at the moment because we are having a hard time getting pass the $4200 and $300 for ETH. Though I believed that this trend will not continue, its just a question on when are we going to see rising again. Its gonna be a waiting game for now because a lot of investors are really nervous about the situation specially that somewhat, China is waging a war against crypto. Maybe we need to observe up until this week to see what direction the price will go. I'm still optimistic though that once everything has settled, we may see another bull run pushing the price to $5000 level again.

The general public dont care for altcoins, the community here cant go without ;)

Altcoin be rise again but bitcoin can be rise soon.. I think news that we heard is translated but they seen the real source but when translator for someone  i think whales they are translate it but they added that can panic people to sell their bitcoin..
For now better to wait to other people and reinvest back again with bitcoin .. and trade again with ICO's.

peoples don't want to sell their bitcoin for altcoin with this condition. bitcoin should be more stabile after people can pass to altcoin.

How can you say that they will rise?
Because of Fake new in china?
how will an altcoin got affected on that?
I think some of Altcoin is rising not generally all.

I've read another article that the ban wasn't permanent, it was just a temporary. I don't know why those people on that certain group keeps on sharing news article without knowing if those are legit ones. And when bitcoin's price is increasing, alt coins are behind of it. And the normal transition, what's next when dump happens?

moneys are going to ICOs i don't think will back to old altcoins.

I see this news on forbes, wall street journal. not fake news bro

Everything what is going on right now with altcoins is because of fake news that China will block cryptocurrency exchanges. When situation will be more clear, and people understand that this is just temporary, prices will jump up.
In other words, it is good time for shopping ;)

Yeah, fake news but with permission from their government. So Chinese citizen would sell out their Bitcoins so Chinese whales could buy them at the very cheap price. Imagine while Bitcoin is under 4200usd, in China its worth under 3800?

yes of course, now is the right time to buy bitcoin and it seems that by the end of this month bitcoin prices will rise again around $ 4850, and even impossible by the end of the year the price will soar. and I believe in the Year 2018 bitcoin prices will reach $ 5500.

independently from china fake or real news (there will always be this kind of news, like forever) i think we are entering a side movement period after the big boom and little correction of late august / september, just remember the price level of bitcoin in june :-) that is the bar to price all other coins, unless they are very young or with very small market cap. in these latter cases price can spike or fall faster then what is more tied with bitcoin price movement (like every ico seems to do)

Even China is known for making fake news and everything. It is still possible that the news is still credible. The government of China is indeed can manipulate everything just to make something up or to cover something up. Though, it's still not clear for all us if this it's fake or real. Better be prepared is still a good move just to prevent future losses and regrets.

China fake news will impact alt coins in a short term, but finally the international coins will rise up again. 

If the news about China was all fake then I guess most of the altcoins and bitcoin as well will soon recover though the drop was not that much. Hopefully though it could recover real soon.

Not only the government but the Chinese crypto community can manipulate the crypto markets but if this news about banning is fake then expect that they are aftering something and might they will pump some alts listed around. For now lets just listen to the pulse of the public and let see how far this issue go and I'm sure people can recover from this issue and buy more when the bad news delima.

not yet, price still looking for  the floor. after the bad chinese news, i am amaze that theprice still above $4000, this is good sign from bitcoin market, it is shows that the crypto world did not as volatile as in 2013, it is stroner now, and maybe holder is not weakhand anymore..also the trader are smarter now..

it will goes up in november or december and going down again in januari, maybe it will goes to $7000-$10000 in december.


trade with your own risk, all i have said is just my opinion and you did not need to follow it..

I think it's time for altcoin to rise again and it will be a positive trend for this month :),
hopefully the price can be stable or go up again

yeah, it's a normal effect from the news for the prices to go down, after all the FUD we'll see a rise and business as normal

I can't say  that altcoins will price up but I hope it happen. When bitcoin's value became higher lot of altcoins decreased their value. Also, when that news on China spreads altcoins are expected to price down so I am hoping that altcoins will price up.

with the rising price of altcoin this means correction due to china issue can be overcome, and I think this proves this coin is rightly believed by most people as a long-term investment that can provide benefits, a few years ago bitcoin had experienced the same when there is an issue bitcoin prices have a downside correction but it takes a long time to recovery prices back up.  :)

If you mean the ICOs ban news, I don't think it is fake. But I agree that the prices will rise again. It was not related to that news. It was just a normal fluctuation which happens sometimes.

not sure all this is fake news. :)) But I think maybe china gov invest many money on crypto and want make some fud. I almost think this is the end of crypto world

No doubt China is the biggest contributor of Bitcoin mining but this fact doesn't make it leader of Bitcoin markets. Miners have very little role to play in determining Bitcoin prices and supply (thanks to decentralized model of Bitcoin).
Yes you are right China isn't charge of cryptocurrency and we should never let it be, this could only be achieved if we give lesser importance to Chinese shit.

Maybe, they want create a signal ended bullish trend of ICO tokens, do you think like me? Because recently, we also see the price of some old altcoins pumped to high price like Monero, Litecoin, Ethereum Classic or Dash ... although today, almost them are fall down again to base price, except Monero.

I agree with you, I think this is just an issue to get bitcoin owners to panic and sell it cheaply, and brokers will get a double benefit by buying bitcoins at a cheap price.

Yes high possibly. Based on price movement it seem BTC just go down from news about China and there's no others reason to dump it. So I think Altcoins are still recover soon

Altcoin prices will surely rise sometime, better buy now and continue to buy so that later gain a lot of profit. News from china makes people panic including me and friends, as traders should be careful in responding to a news.

any clue while BTC and all alts are suddenly taking such a blow?

My guess is some Chinese news. All I can find is that one exchange has announced they're shutting down.

The problem is that governments will always try to repress freedom in any way,they do not believe in power to the people but i think this time they will have some difficulties in doing that.The blockchain  technology is very dangerous to the establishment but i think blockchain will prevail.Nevertheless look what they have done to energy supplies,in this time and age we are still digging for oil and coal.

Market will be stable, whatever China ban cryptocurrency.  :D :D . Now people know what did china. Except those Fake News This Market situation will be fixed soon. i think.

sounds like a joke but you might actually be right
https://bitcointalk.org/index.php?topic=2171651.0
http://www.trustnodes.com/2017/09/12/rumors-swirl-china-issue-digital-currency-ban-bitcoin-exchanges

oh well, screw it... looks like it's rebouncing already in spite of all the crap

Speculators need some weapon to pressure us and to push us to sell our founds. So, news from China are playing the biggest role here. People are talking and people got really scared, meanwhile Cinese exchangers keep working. Prices fell deep already, but I believe when the information about Chinese exchangers is going to be proved or unproved the situation with prices will stabilize.

OP, you should be thankful you didn't see the real blood bath that could have taken place after this news as many coins were already being dumped down 5 to 10 times and few were recovering and I don't think that any of the either news whether it be ICO ban or Bitcoin exchange ban related affected the altcoin markets too much. They were looking in their own swingy moods and all were just doing great with maximum stability seen in most established coins.

It is really hard, I think BTC has to stabilise and then alts will rise, as long as BTC is this volatile, we have no chance of seeing a rise