Bitcoin Forum

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?

Yes that happen already. I dont really understand why so many FUD and bad news at the same time. But in long term i believe cryptocurrency market will back to normal and the community will be bigger because many advantages of blockchain technology and cryptocurrency so also will many adoption of it.

What do you mean by south China,I am pretty sure there is no country in the world with the name South China but China is just a single country so they don't ban on only south side.And don't create any rumors here it will affect the new investors of cryotocurrency.

If you still think you news is legit provide the link to the news.

I still dont know what is the matter if China ban the cryptocurrency in their state. Price of bitcoin is still unstopable whether they like it or not. Cryptocurrency won't end up for their shitness. So many countries are benefited of bitcoin its just started still so many countries really don't know what's the use of virtual money. Its not a big issue.

I knew since 2013 china always released bad news about btc when btc rising

this really makes new players depressed because many circulated negative issues about bitcoin in some countries many traders who are stuck at high prices hopefully this does not last long and can get away from the trap.

clearly that OP is just another TROLL to make make fud,lets not give a damn on this kind of posting.they have no space in this forum,instead they must be kick out here..this not even belongs here in trading discussion..i dont know why this kind of people live when no one cares about them

The Chinese government is going gun blazing against the crypto currency community and now they wanted to add foreign exchanges to their big firewall as they think people are using foreign exchanges to invest in it and now they wanted to ban those too ,either way people will be taking some risk to use VPN and do these trades,things are getting real sketchy at the moment with all these regulations.

What's new? Even news that are wrong affects Bitcoin's price badly. Just like when the whole world thought that South Korea banned Bitcoin trading entirely all of us turned into panic selling mode (especially the weak hands) even though their market is separate and the news is fake it affected the world market. You can see this kind of Fake News even though they are not real can cause massive panic or even can be use as a catalyst to drive Bitcoin down to the ground. So I won't be surprised when I see some headlines about China causing Bitcoin to go down once again.

Beijing’s tougher stance – which effectively bans all forms of activity related to digital currencies – aims to put the breaks on the ICO and virtual-currency trading mania that has been sweeping China. The frenzy among retail investors led to huge price volatility and several reported incidents of fraud, causing a headache for regulators increasingly worried about social unrest.

Short-term yes. Long-term, no way. Banning crypto in China will only fuel the population to buy more of it.

This makes more sense as a view

Care to share the link so that we can take a closer look at it?

If there's no link then I consider this another FUD to create panic amongst those who still hold cryptos. And China has bee on the offensive as we all know so it didn't surprise me at all if it will headline again on their local media.

As far as the effect, well the market has been on bloodbath so I guess anything negative, not only news coming from China, will really put the market on another strain.

http://m.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban 
You can still ask google for help
Hope you have seen "south china"
I saw these this morning and asked for views.
Does it look like I'm rejoicing about it?
When did talking about news I read become "been negative"?
Someone here has said something meaningful like"china or not crypto goes on"...thats enough!

it is getting more scary everyday. Those who heard and invest in crypto probably end up 5x losses. They talk about 10x, 100x gains, but they have not realized that they took the risk of 5-10x loss.

Mcafee post giving us hope.read comments too, 
https://mobile.twitter.com/officialmcafee/status/960057881897914368

This is also one of the reason as well as Lloyds bank's cryptocurrency buying from the credit cards also banned for overall Europe. These both are negative about crypto investment this day. Along with this some positive news also comes to the news site but people really worry about the negative news and price.
I do not understand why they are looking about the positive side of the crypto currency all the time.

Of course :)) All bad news come from China always affects a lot to the market as you can see Bitcoin price dump to under 7k$ very quickly. A lot of panic sellers appear with big sell order. But I think the bad news from China is not the only reason for this huge dump. Maybe the whales are trying to take advantage of the bad news to dump the price of all the market.

I think it has a huge impact on the market at the moment, I think that is the main reason that bitcoin prices are dropping sharply and there are no signs of stopping. Currently the price of bitcoin is at $ 7000 and according to my analysis the price of a bitcoin will fall to $ 5400 today. In addition, I think that in addition to the influence of the Chinese investors are keen to take profits before their holiday.

There's an affect on the market of course, FUD makes weak people on panic. I think this is just temporary, and later on South China will adopt the system and make it legal. This is the future that everyone must adopt, lets all be patient and cryptocurrency will go high.

Some thought in addition to this,
https://mobile.twitter.com/officialmcafee/status/960460423077253120

I suppose he wasn't aware that "South China Morning Post" is another news outlet.

yes of course very influential on the price of coins and especially bitcoin, this news makes investors afraid to buy bitcoin at this time so that buyer and seller bitcoin is not balanced then bitcoin price move down

I think its amazing actually.
So much bad blood in one month.
Really shaking it. All the bad apples will fall.

The market is already down because of this as during Chinese trading session bitcoin was actually push down below unexpected level and currently it is heading below $6,000. Bitcoin is not  going to remain bearish forever and we would need to have faith with cryptocurrencies and like I have read somewhere about what the founder has said "government should be afraid of us and not we afraid of government".

He must have learnt to criticize with facts next time.

Market is already affected by the FUD which has been spread around the world about the cryptocurrencies.
Every time whenever a disruption is made in the market through bans over cryptos in an crypto-friendly country the whole market have to face some serious dips. The effect can be clearly seen as the price drops below $7000 and now $6500 after the news on 5th Feb.

We just got to hold together. China will have to understand this is the way forward. Crypto_4eva

the affect is always there since many users has weaker hands to hold,but it doesn't necessarily means it will last forever,havent you experienced same situation like this before?wasnt bitcoin survives it all?thise fuds are just come and go..better not to give a damn in such things just trust your coins either bitcoin or altcoin because recovery follows the drops

That's new for McAfee for lifting our thoughts to this without even saying he'll eat his dick. ;D Nice one for that!

Later we know China will be putting up its own exchange site, blockchain and their own version of token. Though it's not possible for them to this I mean whatever they want they'll make sure that they'll get it no matter what. This banning issue is probably a showed up plan.

It seems to me it had a very negative effect already. China is a great player on the market (I mean many Chinese trade), thus crypto can fall. Hope for the best however.

Ensuring that the banning of bitcoins from the Chinese side has a huge impact on bitcoin and the digital money market. We can see that China has a large number of investors, the bans on Chinese bitcoins will distort the Chinese investors, causing the bitcoin prices to fall sharply throughout the day. from $ 12000 down to $ 6000.

china is the biggest country in the world and it's also the most powerful in the world that I could make china in bitcoin maybe the bitcoin will lose it at a low price.

I think that the recent days of negative news from China have had a huge impact on the market. The price of bitcoin has steadily declined throughout the days. At times bitcoin prices have dropped to just $ 6000 a bitcoin. Although the market has shown signs of recovery, the real selling force is huge and bitcoin is leveling off at $ 8100.

I think China's embargo has a huge impact on the value of bitcoin and the digital money market. The country's bitco bans have prompted a large number of Chinese investors to sell off and withdraw from the electronic money market. Market capitalization has evaporated by over $ 400 billion, bitcoin prices have fallen more than 70% to $ 6,000 a record.

I think the Chinese ban has had a tremendous impact on the digital money market in general and bitcoin in particular. But we can see that the price of bitcoin is so strong that Asian investors are trying to get their money back before their holidays. Those combined make the bitcoin and the coin lost serious value when sold off.

It will definitely affect because there are still a lot of users in china.
However, the price will only dump for awhile because it's this FUD will only affect the weak hands, eventually the majority will win, and the weak hands will regret.

yes the policy in the chinese state related to ceyptocurrency definitely affect the market, because china country with the biggest market of cryptocurrency will surely influence the sale or price in market. but I hope it does not last long and can make the price back to normal.

I believe the Chinese ban is the main reason for the price of bitcoin has continuously decreased over the past weeks. China is an extremely large and growing country, with many big investors in the digital money market. China's ban on bitcoin-related activities has prompted Chinese investors to withdraw from the market and their sale has drastically reduced bitcoin prices.

I think the Chinese embargo is having a huge impact on the market, I believe that is the main reason that the price of bitcoin has been decreasing continuously in recent days. Bitcoin prices have fallen more than 70% in value over the past few days after the imposition of the Chinese embargo. This has indirectly caused the digital money market to lose a large number of investors, making the market capitol evaporate more than 400 billion.

this an old issue about china ban the cryptocurrency nothing new for that, just relax and don't panic mate
virtual cryptocurrency are now famous and nobody can stop their popularity around the world especially the bitcoin even if now in crisis,
w should have an a little  effect for cryptos but i really believe times has come for cryptos open arms accept again by the china government
if they are realized the importance of cryptos.

Ofcourse, it is because that most of the hashpower of bitcoin network are coming from china and I think its more than 50% in total. Actually they have a huge farm of mining rigs that are assembled just to mine bitcoins and other altcoins we see and might used.

Someclaimed that cryptocurrency exchanges had manipulated the market, or that technical breakdowns of the exchanges platforms had caused them significant losses. Several complaints against ICO issuers alleged unlicensed or fraudulent activities.

market is already climbing back, no reason to worry. Not all governments will support bca but it doesn't mean anything bad for the community. Bitcoin was here even when governments had no clue what it was and kept publishing warnings against it every day. Nowadays many countries are trying to embrace crypto as they seem potential. Just don't expect countries like china to do that

We can see that China's embargo with bitcoin is having a huge impact on the digital money market. Bitcoin prices have fallen dramatically in recent days, as it has lost more than 70% of its value and has hit a milestone of $ 6,000. Also due to the psychology of profit takers of Asian pot investors before their holidays also make bitcoin prices fall deeper.

It's better to hope crypto succeeds without them. Or they just calm down with their threats.

China's ban on bitcoin has drastically reduced the value of bitcoin during the past few days. There was a bitcoin price at $ 6000. The bad news continues with bitcoin and a large number of Chinese investors withdraw from the electronic money market because of the ban has made the market slightly $ 400 billion.

It will be very bad for bitcoin, but why then the growth began after this news, should have lowered the market down, most likely this news has not yet spread to the media! So soon we are waiting for one more campaign down!

We can see that after the bitcoin orders from China have made the digital money market fluctuate continuously and continuously down. Bitcoin prices have fallen steadily over the past few weeks and have hit $ 6,000, which is a bad influence on the market. Although bitcoin has rebounded, buying power is not strong and may continue to decline at any time.

Such negative news will always affect the market no matter what,there are alot of people relatively new to cryptocurrencies who are not used to the hodl we all know so when they hear any negative news,they sell off.In generla,news affects even traditional stocks prices

Yeah they have a huge control over the market. Reason is obvious and you have told already that they have many mining rigs that are continuously working. Thus China have a hand over the pump and dump of bitcoins because their one single decision can take the lead for bitcoins and on the same side, bitcoins can suffer from their bad diction. But I think mostly the morning news are false.

The market is as of now down due to this as amid Chinese exchanging session bitcoin was really push down beneath surprising level and presently it is heading underneath $6,000. Bitcoin wouldn't stay bearish always and we would need confidence with cryptographic forms of money and like I have perused some place about what the author has said "government ought to fear us and not we perplexed of government".

Heading to $6000? As per coinmarketcap the current price is $8,240.75, with volumes around $6,047,630,000   and rising 4.37% in 24 hours so I don't know where you got your information that we are closer to $6000. As far as China is concern, we should totally forget about them. The only major influence they can give us is that they have the monopoly of mining farms and hardware. But Bitmain has already plans to moved out its bitcoin mining farm if the Chinese Government put the hammer ban. And if ever there's a negative impact from every news fake or not coming from them, it will short-lived because by now we need to understand that they are anti-crypto so it would make sense that they will release reports saying negative things about the cryptosphere. But there is nothing to worry about.

so they want to do not only Chinese governments, But many authorities in other countries. They express their opinions about the negative impact cryptocurrency on the economy, as well as the dangers of their national interests. But no facts and explanations are given as an example.

Confidence indeed. That doesn't work. With the high influx of noobs into the crypto space, It'll be difficult to achieve such. Whenever there's a slight mention of bad news or negativity, Noobs resolve to panic and immediately dumping tokens. Those set of people are part of the reason why crypto is where it is today.

Not only china ban cryptocurrency because most of the country.  But don't affected to them because for sure it will increase agin the rice of the most coins in coinsmarket because even china and other country ban of using this kind of opportunity that they didn't really know.  For sure more country will accept and adapt crypto because they see the really potential of this kind opportunity to earn money.

Oh come on stop this shit. Who brings such kind of news anyway. If it is really going to ban the crypto then please keep that news in your own country and don't let it come out of the border. This is creating unwanted FUD everywhere and makes our bitcoin to suffer a lot. And off course other crypto coins too.

We should make self awareness really, where we don't allow the news to come out of one country so that it wont scare other people and make the panic situation everywhere. Dont you guys think that it will be far better than whats going on currently. I know its impossible to stop such news in one border but just imagine world like that and we will never have to worry about scary people.

It seems to me that this is another speculation in the market. We have repeatedly heard news from China. And this news later turned out to be a fake. Therefore, all news should be rechecked. And draw your own conclusions.