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Title: More Chinese FUD to trigger panic selling on idiots Post by: neurotypical on September 08, 2017, 02:07:29 PM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml
Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: talkbitcoin on September 08, 2017, 02:17:59 PM this is starting to become really ridiculous!
the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales! it is like what they say: "fool me once, shame on you; fool me twice, shame on me" Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BellaBitBit on September 08, 2017, 02:28:30 PM this is starting to become really ridiculous! the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales! it is like what they say: "fool me once, shame on you; fool me twice, shame on me" Very ridiculous! How can anyone believe this when China mines most of the bitcoin and has the biggest exchanges. If this is truly a bitcoin grabbing move it's sad. This does however become a good buying opportunity. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: LFC_Bitcoin on September 08, 2017, 02:29:56 PM Embarrassing that hoards of people are still falling for this to be honest. Some of these weak people don't deserve to be on the bitcoin train, they need to man up.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: cellard on September 08, 2017, 02:36:21 PM this is starting to become really ridiculous! the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales! it is like what they say: "fool me once, shame on you; fool me twice, shame on me" I can't wait for the news to come up saying this is a rumor, and if it isn't then who fucking cares, China will no longer have any control on dumping the price, since after the ban, that's it, no more controlled demolitions. This is a very important game theoretical scenario that panic selling newbies don't understand. Let's hope that this time they are able to buy the dip, but chances are, they will not. Anyway, see you at $5000, im just getting my popcorn and buying more on the dip without selling any. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Casimir1904 on September 08, 2017, 02:42:34 PM How is that stealing?
Weak hands will always lose money, thats why they are weak hands. Enjoy the ride, buy the dips and be happy with cheaper coins. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: 1Referee on September 08, 2017, 02:45:03 PM Embarrassing that hoards of people are still falling for this to be honest. Some of these weak people don't deserve to be on the bitcoin train, they need to man up. Embarrassing for those panic selling, but a major blessing for each and every trader buying back his 'expensively' sold coins. :) Certain news articles have had a major impact on the market back in the days when I bought my first coins in 2013, and it's still like this today. As long as people blindly buy themselves into Bitcoin without actually knowing what it is, how its market works, seperate relevant and important information from garbage, people will continue to panic sell their coins. These dumps get triggered by market movers to exaggerate the panic and make people sell their coins 10-20% below how the price was minutes ago - great way of increasing the number of coins you have at discout rates. Funny thing is that these panic sellers always end up buying back their coins at premium levels at the time the market is going up agian. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Torque on September 08, 2017, 02:49:58 PM The mainstream news in every country continues to embarrass itself, and to make itself more and more irrelevant every single day.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: pawel7777 on September 08, 2017, 02:51:05 PM Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: JanpriX on September 08, 2017, 02:52:16 PM Their FUD is currently working right now as many people are starting to panic sell. BTC market dipped again together with the alts market. I can't believe that many people are really believing this FUD news. They are selling their coins which I believe they got in a much higher price leaving them at a loss. Weak-hand traders are getting right now especially the noobs and newbies who just got in into cryptocurrency hoping that they could be rich in just a few days. ::) Chinese people should be celebrating now as they are getting more Bitcoin at a much lower price.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: gentlemand on September 08, 2017, 02:56:38 PM Well, I hope they actually do ban it properly once and for all. As ever it's impossible to tell what's true and what isn't, but they quite clearly don't trust it so they may as well nip it in the bud sooner rather than later.
I assume ICO extermination is a certainty and that's fair enough. Dunno about the rest. I can't say I'll be pining for the Chinese market if it's gone. Its neutering at the start of the year is what started the proper price explosion anyway. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Febo on September 08, 2017, 02:58:02 PM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. At least some responsible government. China is making sure, more people will get Bitcoin before it gets to expensive. Without China wise leaders, Bitcoins would be $100k by now and who you think could afford to buy them? Rothschild's Walton's Koch's Mars's Slim's Bettencourt's Arnault's same old shit as we have now. We are lucky some countries are lead smart leaders and not funny hair leaders like North Korea and USA. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: p0peji on September 08, 2017, 03:11:13 PM Wow, some bitcoin believers are really living in an alternate reality. Face the facts, sell your coin with a hefty profit, the time to buy back in will come around someday.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BrewMaster on September 08, 2017, 03:27:11 PM Wow, some bitcoin believers are really living in an alternate reality. Face the facts, sell your coin with a hefty profit, the time to buy back in will come around someday. you should always sell on top of the dip though. with every minute passing, it becomes later and later to even want to start thinking about selling. on top, or when the dump begins you can be sure that you are making profit but when some time has passed (usually when the newbies start selling) it is already too late and you will be selling at a loss at the bottom. in other words if you are a trader and you were fast then sell. it is an awesome opportunity to buy at the bottom from those idiots who dump at the bottom. but if you are not a trader or you feel you are late, then don't be dumb.;) Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: gentlemand on September 08, 2017, 03:38:27 PM https://twitter.com/luluyilun/status/906163511658557440
As ever, the Chinese exchanges, y'know the ones about to die, have heard nothing and are humming away contentedly. I don't know if the big exchanges have any involvement with the Chinese ICO scene. Perhaps it's just going to be the questionable little ones. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BTCNoobMaster on September 08, 2017, 03:40:49 PM Just bought a good quantity of EOS at 0.80!
The chinese opened us a great buy window. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: hatshepsut93 on September 08, 2017, 04:04:44 PM I think most traders know by one that "China bans Bitcoin" is just a classic FUD and an obvious attempt at insider trading, so only noobs believe in it and panic. We can see that any dips caused by panic sells quickly recover. Now, lets imagine China would actually ban Bitcoin - would it be catastrophic? Obviously no, it's only one government, and it's not even the strongest one economically. Such ban would harm Bitcoin mining, but it will open opportunities for mining in other countries, so Bitcoin will continue to grow in the long run.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: jekjekman on September 08, 2017, 04:46:22 PM If this theory of yours is really true? then so be it as people will tend to learn with this and will be more wiser the next time that this will happen and it is the same goes with the Bitcoin itself also. Bitcoin price is really strong though in my own opinion that it really withstand the issues this week and it still never going back to the $3,000+ price.
If the Government of China is really behind with all of this then I think there are group of people who really pursue telling their political agenda. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: neurotypical on September 09, 2017, 12:27:36 PM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. At least some responsible government. China is making sure, more people will get Bitcoin before it gets to expensive. Without China wise leaders, Bitcoins would be $100k by now and who you think could afford to buy them? Rothschild's Walton's Koch's Mars's Slim's Bettencourt's Arnault's same old shit as we have now. We are lucky some countries are lead smart leaders and not funny hair leaders like North Korea and USA. China is probably funding Bitmain and doing a ton of damage to Bitcoin with their stalling tactics such as Bitcoin Unlimited, Bitcoin Trash or whatever else they feel like shilling at that particular time. They are funding all these trojan horse attempts, trying to control Bitcoin not only in terms of holding BTC, but trying to get rid of Core devs to put China-funded developers that will do what they want. China is not our friend, no government is our friend when it comes to Bitcoin. They all want to control it and steal it from you so keep your eyes open. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: RoommateAgreement on September 09, 2017, 12:50:46 PM it is always good news when the panic starts. i see only profit at times like this. i always wait for the panic to end and then i get some money from anywhere i can manage, even if it means borrowing it and then buy as much bitcoin as that money buys me at the bottom and get the reward in less than a weak as those who sold are then buy back from me at a higher price. i give back the money i borrowed and keep the profit in bitcoin :)
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Lucius on September 09, 2017, 01:21:34 PM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. This certainly makes sense,they have power to do such things and any bad news they publish is make a significant drop in BTC price.But we have very strong resistance at 4000$ and no bad news can crash price bellow that point on western exchanges.But after news is go out, price on Chinese exchanges go under 4000$,I think I see around 3600$. After ICO&exchanges only thing they can try to regulate next is mining farms,imagine news that Chinese authorities are planning to close down all mining farms in China-that will be big killing&bloodbath for cryptocurrencies... Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: makishart on September 09, 2017, 01:27:55 PM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. At least some responsible government. China is making sure, more people will get Bitcoin before it gets to expensive. Without China wise leaders, Bitcoins would be $100k by now and who you think could afford to buy them? Rothschild's Walton's Koch's Mars's Slim's Bettencourt's Arnault's same old shit as we have now. We are lucky some countries are lead smart leaders and not funny hair leaders like North Korea and USA. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: guclu on September 09, 2017, 01:31:44 PM it is always good news when the panic starts. i see only profit at times like this. i always wait for the panic to end and then i get some money from anywhere i can manage, even if it means borrowing it and then buy as much bitcoin as that money buys me at the bottom and get the reward in less than a weak as those who sold are then buy back from me at a higher price. i give back the money i borrowed and keep the profit in bitcoin :) Yes, that is what I wish I had done after each and every time... but I just am against borrowing money from people I am not 100% sure of, and when this shit happens I never have enough money of my own to buy some more btc. The best thing that could happen is to predict a fall to go further when it starts and sell there your own btc to buy it back in 48hrs or less. Which was, I guess, less this time. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Qunenin on September 11, 2017, 04:30:10 PM Let them sell. China and the nay sayers are there every couple months and it is not a bad thing in the end. It is a good way to separate the men from the boys and keep the veteran trading group strong with those that can ignore the BS. I would rather see the scared and spineless run and dump rather than have that kind of fickle player in the markets, they are the reason that the prices are harder to predict than in some other markets.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: HalfDeck on September 11, 2017, 06:09:01 PM it is always good news when the panic starts. i see only profit at times like this. i always wait for the panic to end and then i get some money from anywhere i can manage, even if it means borrowing it and then buy as much bitcoin as that money buys me at the bottom and get the reward in less than a weak as those who sold are then buy back from me at a higher price. i give back the money i borrowed and keep the profit in bitcoin :) Yes, that is what I wish I had done after each and every time... but I just am against borrowing money from people I am not 100% sure of, and when this shit happens I never have enough money of my own to buy some more btc. The best thing that could happen is to predict a fall to go further when it starts and sell there your own btc to buy it back in 48hrs or less. Which was, I guess, less this time. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: taktik on September 11, 2017, 06:14:20 PM it is always good news when the panic starts. i see only profit at times like this. i always wait for the panic to end and then i get some money from anywhere i can manage, even if it means borrowing it and then buy as much bitcoin as that money buys me at the bottom and get the reward in less than a weak as those who sold are then buy back from me at a higher price. i give back the money i borrowed and keep the profit in bitcoin :) Yes, that is what I wish I had done after each and every time... but I just am against borrowing money from people I am not 100% sure of, and when this shit happens I never have enough money of my own to buy some more btc. The best thing that could happen is to predict a fall to go further when it starts and sell there your own btc to buy it back in 48hrs or less. Which was, I guess, less this time. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: HTracer on September 12, 2017, 10:28:16 AM It was so many times before that "China to ban bitcoin" FUD would had turned into bullish :) , but it didn't this time.
I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: btcney on September 12, 2017, 11:29:53 AM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. This part of your post is completely right in my opinion. The so called report collected from trusted sources within Chinese officials is probably nothing more than something that a trader who had significant amounts of short positions piled up, leveraged, ready to make a profit commissioning these news reporters to make up news from thin air. People are starting to realize this now, and price has rebounded back to $4350. Nothing has happened to exchanges, nothing at all. They have all received no news whatsoever of a potential policy change from Chinese regulators. I predict the price to go to $5500+ by the start of next month as the news is confirmed fake and people become confident in trading again. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: alyssa85 on September 12, 2017, 11:46:55 AM The so called report collected from trusted sources within Chinese officials is probably nothing more than something that a trader who had significant amounts of short positions piled up, leveraged, ready to make a profit commissioning these news reporters to make up news from thin air. The Chinese central bank put out a statement in English: http://www.pbc.gov.cn/english/130721/3377816/index.html Quote I. The Essential Attributes of Fundraising Through Coin Offering Financing through coin offerings refer to financing bodies raising virtual currencies such as Bitcoin or Ethereum from investors through illegal sales and circulation of crypto currency or tokens. Such offerings, in essence, are unauthorized and illegal public fundraising and are suspected of involving in criminal activities such as illegal selling of tokens, illegal issuance of securities, illegal fundraising, financial fraud and pyramid schemes. The competent authorities will closely monitor the related developments, strengthen coordination with the judicial departments and local governments, strictly enforce the law and work based on the current mechanism, and resolutely clamp down on market irregularities. Any suspected crimes, once identified, will be transferred to judicial department. The token or “virtual currency” used in coin offerings are not issued by the monetary authority. Such currency does not have characteristics of money such as legal tender status and mandatory use, has no legal status equivalent to money, and cannot be circulated or used as currency in the market. II. No Organizations or Individuals Shall Engage in Illegal Fundraising through Coin Offering From the date of release of this Notice, fundraising through coin offering shall be banned immediately. Any individuals or organizations that have completed fundraising through coin offering shall make arrangements to return the funds raised, and to ensure that the legitimate rights and interests of the investors are protected and the risks involved are properly managed. The government departments concerned will strictly investigate and address the coin offering activities that have continued despite the ban and the illegal activities in the projects that had completed fundraising. This is the first time the PBOC has decided to clarify in English, and I don't think there is any ambiguity - selling of tokens is illegal and what do exchanges do? Buy and sell cryptocurrency tokens. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: 1Referee on September 12, 2017, 11:57:06 AM I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian. I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: LFC_Bitcoin on September 12, 2017, 12:01:19 PM The price is beginning to recover as we enter Tuesday, hopefully after another China FUD stunt over the weekend the price picks up & heads towards the range we were at pre dump. Be nice to see somewhere between $4600-$4900 by the end of this week.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Slow death on September 12, 2017, 12:31:05 PM ... maybe my IQ is too low to understand certain things, but look at this: " The token or “virtual currency” used in coin offerings are not issued by the monetary authority. Such currency does not have characteristics of money such as legal tender status and mandatory use, has no legal status equivalent to money, and cannot be circulated or used as currency in the market. " I understand with these words that bitcoin and all altcoins fit into these words. they need to use another argument to ban ICO's, unless the intention is to ban all “virtual currency” Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: lumeire on September 12, 2017, 01:16:04 PM ... maybe my IQ is too low to understand certain things, but look at this: " The token or “virtual currency” used in coin offerings are not issued by the monetary authority. Such currency does not have characteristics of money such as legal tender status and mandatory use, has no legal status equivalent to money, and cannot be circulated or used as currency in the market. " I understand with these words that bitcoin and all altcoins fit into these words. they need to use another argument to ban ICO's, unless the intention is to ban all “virtual currency” BTCBTCBTC and altcoins in general are the grey area in there for a long time already. This time they just wanted to block all ICOs. Transacting with BTCBTCBTC and altcoins are still allowed I believe. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: bitpeepcom on September 12, 2017, 05:27:43 PM The price is beginning to recover as we enter Tuesday, hopefully after another China FUD stunt over the weekend the price picks up & heads towards the range we were at pre dump. Be nice to see somewhere between $4600-$4900 by the end of this week. Not over yet. My guess: we will see sub 4k before we can pass 5k again Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: HTracer on September 12, 2017, 06:07:07 PM I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian. I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently. That's why I like being here. Ethereum would be the most and overt dumped if it comes to ICO prohibition. What we have now it's 20% correction after August 50% run and that Chinese FUD is only excuse. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BitcoinExpart on September 12, 2017, 06:32:52 PM I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian. I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently. That's why I like being here. Ethereum would be the most and overt dumped if it comes to ICO prohibition. What we have now it's 20% correction after August 50% run and that Chinese FUD is only excuse. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Kemarit on September 12, 2017, 09:21:45 PM I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian. I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently. That's why I like being here. Ethereum would be the most and overt dumped if it comes to ICO prohibition. What we have now it's 20% correction after August 50% run and that Chinese FUD is only excuse. Market cap is still at 142 Billion. There was some dumping again today, which resulted in another panic run. But I guess its all good because bitcoin will be really tested on this trying times. Its really the news that really pull back the price and whether intentionally by the Chinese it doesn't matter. They can go out now. For me they have benefited from the news they have announce, fake or not. I don't know what they are dumping bitcoin, if they are chasing ICO's the most likely to be affected is Ethereum. That's why it doesn't make sense to me seeing bitcoin being dump by them. So I'm speculating that they are really spreading FUD so that the big whales can benefit from all this panic. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: 1Referee on September 12, 2017, 09:36:31 PM I dont see any big volume with this fall. Market cap is still 144 Billion quit with the FUD. This time, most likely. Hold on tight! Volumes are lacking because the entire market is extremely thin - it requires a relatively low number of coins to get the market to sink badly. If you also take into consideration that there are huge loads of bots pulling back their 'buy support' at the time the price is about to fall within a certain range, the buy side of the orderbooks gets even thinner. Other than that, the market has indeed kept holding strong despite everything we had to swallow, but I still believe that we'll see every USD exchange dive below the $4000 level before the end of this week. The sentiment has changed, and the momentum that's needed to get the market to rush up further is gone - let's see how much value these words still have at the end of this week. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: DragonSlayer on September 12, 2017, 11:04:20 PM I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian. I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently. That's why I like being here. Ethereum would be the most and overt dumped if it comes to ICO prohibition. What we have now it's 20% correction after August 50% run and that Chinese FUD is only excuse. Market cap is still at 142 Billion. There was some dumping again today, which resulted in another panic run. But I guess its all good because bitcoin will be really tested on this trying times. Its really the news that really pull back the price and whether intentionally by the Chinese it doesn't matter. They can go out now. For me they have benefited from the news they have announce, fake or not. I don't know what they are dumping bitcoin, if they are chasing ICO's the most likely to be affected is Ethereum. That's why it doesn't make sense to me seeing bitcoin being dump by them. So I'm speculating that they are really spreading FUD so that the big whales can benefit from all this panic. Maybe there's effect rather on bitcoins since some low scale Ethereum holder will be panic and started to sell there coins into bitcoins and change it with fiat, And that would actually hit the price and some other guys out there think that banning of all ICOS on china can affect the bitcoins to and maybe some of them also dump off there hodl bitcoins since they think that this one will be strongly implemented ban to there country. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: vanessa98 on September 12, 2017, 11:14:45 PM The crazy part to all this madness is that very few people will noticed that china has been saying this since 2012.
And its now 2017.. and they are still with bitcoin.. so that says everything.. I wish I can find the old thread about china banks and business not accepting etc, then other madness. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: alyssa85 on September 13, 2017, 02:54:43 AM Well here is some more stuff confirming that something is up:
https://twitter.com/brucefenton/status/907683972687286272 Quote 1/ I'm unfortunately serious about the Chinese ban on trading of Bitcoin and Ethereum along with ICOs - this has been confirmed by at least 2/ 3+ sources who I believe to be credible- I've had conversations w leading execs who are on the ground in China- Yes this time it's real 3/ so what's that mean? Well, at least for now the government of the People's Republic of China will NOT allow new trading of Bitcoin or 4/ other digital assets-- this comes from the highest levels in China - even above the PBOC - the word is not ambiguous from an exchange POV 4/ so unfortunately the exchanges are now frozen and in a wind down mode -- this is massive in China - but ultimately not for Bitcoin 5/ mining will be exempted and there are BILLIONS of dollars of wealth of Chinese citizens in Bitcoin so govt is cautious of mass revolt 6/ they will keep this low key and not issue any new statement - they don't want to look backwards or cause market meltdown 7/ but the order to ban exchange of digital assets in China is indeed real - I'm convinced that the sources I've spoken with are accurate 8/ result will be a quick period of a rising black market in China followed by more decentralized exchanges, global growth & tech solutions 9/ Chinese investors and HOLDers will quickly find a way to continue to exchange crappy govt fiat for sound money like Bitcoin 10/ it's sort of a Napster move by the Chinese govt: it will accelerate the bit torrent of Bitcoin exchange - & strengthen black market 11/ they will cave to this failure within a couple years, perhaps within a year -- many reasons: internal pressure / external competition 12/ but the ultimate pressure will be that this tech doesn't work well with regulations & honestly is very difficult to control 13/ Chinese citizens will still continue to HODL, buy, use and accumulate Bitcoin. Ultimately the govt will realize it can't stop this The guy who wrote the above twitter thread is Bruce Fenton who is CEO of Chainstone Labs. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: passwordnow on September 13, 2017, 03:53:11 AM The price is rushing down again so this is a good time to buy because of those FUDs in twitter, news articles and mostly in China. But like the normal days, maybe China is really testing their influence in the market of crypto currency is they are powerful enough to manipulate the market of bitcoin and other alts as well.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: edmond_dantes on September 13, 2017, 03:18:10 PM how are people idiots for selling when they can buy back in cheaper
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Oilacris on September 13, 2017, 03:24:52 PM how are people idiots for selling when they can buy back in cheaper Not all people do panic sell are idiots since some of them do sell out wisely and go with the the flow.As long they are selling out on profits its still a win win situation.They will really buyback later on when they saw the price on its dip.FUDS are everywhere and weak hands would really suffer for sure.Wise people are just waiting to come in.Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: alyssa85 on September 13, 2017, 03:53:49 PM We now have an actual bitcoin OTC service stopping business because of China:
https://www.coindesk.com/bitcoin-otc-service-suspends-trading-citing-china-pressure/ Quote BitKan, an over-the-counter (OTC) trading service for cryptocurrencies in China, announced today that it will suspend operations amid growing scrutiny from domestic regulators. In the news post, BitKan said it would suspend its trading service beginning at 12:00 a.m. on September 14, a notable development given rumors that OTC markets may be excluded from a possible ban. The suspension will affect both its Web-based and mobile users, but withdrawals and deposits will remain active, according to the firm. The statement noted that the suspension is a result of an announcement published by People’s Bank of China on September 4 in which seven local financial regulators announced a ban on illegal initial coin offering (ICO) fundraising and trading activities. BitKan's statement explains: "After the suspension of the OTC service, BitKan’s wallets will continue functioning normally. Deposition and withdrawal of funds will not be affected." The service did not say when – or whether – it would resume its OTC trading. However, the disclosure nonetheless highlights the escalating impact the Chinese government's recent policy moves have had on the local cryptocurrency industry. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BitHodler on September 13, 2017, 03:59:45 PM how are people idiots for selling when they can buy back in cheaper Obviously, OP is referring to those selling because of the recent dose of fud that has to do with China closing down all exchanges. In a way I can definitely understand OP, but we shouldn't forget that this is a free market.No matter what the reason is for selling, no one has to justify any actions to the rest of the community/market. Instead of focusing on what others are doing, you can use this opportunity to buy at these lower levels. That's exactly what I did. I bought back some of the profits I cashed out at +$4950 and bought back slightly over the $3800 mark a few moments back ~ that's how people should respond to corrections like these. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: nidacoinlove on September 13, 2017, 04:07:32 PM Embarrassing that hoards of people are still falling for this to be honest. Some of these weak people don't deserve to be on the bitcoin train, they need to man up. I am sorry to say but being weak is not the actual issue. You are looking at only one side of the picture, how could anyone be so sure that these are just rumours. The Chinese government has officially banned ICO and crypto exchanges. What is the stance behind all this what they say I am not sure but there could be an element of state politics involved. Since the news are coming from China officials it seems like Chinese government is serious in banning cryptocurrency in their country.Now coming to the issue when a government goes against a business whose share in the whole world is 80% which is more than huge so, a person who has invested all his eggs in the same basket have the right to be worried about his wealth. I think there is no need to criticise someone in such a case. If this China stuff is all a drama then all the users should boycott the Chinese exchanges and miners so to teach a lesson to China. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: alyssa85 on September 13, 2017, 04:37:57 PM Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed.
He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url: https://twitter.com/SatoshiLite/status/907664619279343616 When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message: https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/ which said: Quote @SatoshiLite 2017-09-12 17:58 UTC Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁 I'm guessing the Anonymous source he trusts fully is is brother. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: sailman on September 13, 2017, 09:46:41 PM Coinbase, Kracken etc are trading at around $3800 while OkCoin is $4050. Whereas when the china news first broke OK ( who always traded above US and EU exchanges) sank below then. That tells me that there's something phony about this China FUD.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BitMaxz on September 13, 2017, 10:18:02 PM Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed. If it is true this price today is cheap and i think the price will stay mark around 3800 to 3900 and we will see burst increase again back in few weeks or months . for now if you wanted to hold bitcoin and buy for cheap price this time is the right time and hold bitcoin.. He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url: https://twitter.com/SatoshiLite/status/907664619279343616 When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message: https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/ which said: Quote @SatoshiLite 2017-09-12 17:58 UTC Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁 I'm guessing the Anonymous source he trusts fully is is brother. Looks like we are below in 4k value and i think the price of bitcoin will not go down anymore.. Honestly i am still holding my bitcoins and i will just holding it until the price hit 8k value maybe next year.. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: co0ler on September 14, 2017, 01:20:11 AM -snip- And that's the point many people don't understand. There is something called p2p trading... It has been working for nearly a decade.Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Armstand on September 14, 2017, 03:39:39 AM -snip- And that's the point many people don't understand. There is something called p2p trading... It has been working for nearly a decade.Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Open4lies on September 14, 2017, 05:27:34 AM Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed. If it is true this price today is cheap and i think the price will stay mark around 3800 to 3900 and we will see burst increase again back in few weeks or months . for now if you wanted to hold bitcoin and buy for cheap price this time is the right time and hold bitcoin.. He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url: https://twitter.com/SatoshiLite/status/907664619279343616 When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message: https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/ which said: Quote @SatoshiLite 2017-09-12 17:58 UTC Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁 I'm guessing the Anonymous source he trusts fully is is brother. Looks like we are below in 4k value and i think the price of bitcoin will not go down anymore.. Honestly i am still holding my bitcoins and i will just holding it until the price hit 8k value maybe next year.. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: investeerder on September 14, 2017, 07:03:16 AM Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed. If it is true this price today is cheap and i think the price will stay mark around 3800 to 3900 and we will see burst increase again back in few weeks or months . for now if you wanted to hold bitcoin and buy for cheap price this time is the right time and hold bitcoin.. He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url: https://twitter.com/SatoshiLite/status/907664619279343616 When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message: https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/ which said: Quote @SatoshiLite 2017-09-12 17:58 UTC Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁 I'm guessing the Anonymous source he trusts fully is is brother. Looks like we are below in 4k value and i think the price of bitcoin will not go down anymore.. Honestly i am still holding my bitcoins and i will just holding it until the price hit 8k value maybe next year.. Hopes that it will not happen since if your prediction will came true I think many businessman that are following the bitcoins for now will go away and maybe they will think that bitcoins is just a waste of there money and the adoption will reduce. So lets stand our grounds since this is a big challenge on bitcoins right now. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: otundebis on September 14, 2017, 07:13:00 AM I bought at the very top because of my colleague passion about how we could all make fortune in this new currency. Unfortunately it's backfire for me now. Maybe i will just hold like everybody is doing
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: BitcoinExpart on September 14, 2017, 07:44:01 AM I bought at the very top because of my colleague passion about how we could all make fortune in this new currency. Unfortunately it's backfire for me now. Maybe i will just hold like everybody is doing That's cool. We should keep patience and hold very tightly. Right now, all the FUD going on right now because of people going to panic sell , don't believe the hype.Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: CryptoBry on September 14, 2017, 08:02:22 AM http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing. Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news. Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it. Yes, China will lose a great deal in its leadership of the cryptocurrency market if they will totally ban Bitcoin and the exchanges operating within the country. Whether they admit or not, these exchanges are also bringing in money into the country contributing something to the local economy. Right now, there are those floating the idea that eventually China will rather get strict with the implementing rules and guidelines rather than ban Bitcoin exchanges. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: alyssa85 on September 14, 2017, 10:03:49 AM According to the following, the new Chinese regulations come into effect on October 1st:
http://english.gov.cn/policies/latest_releases/2017/08/23/content_281475809852706.htm Quote The State Council has adopted regulations on investigating and punishing unlicensed business operations, according to a circular issued on Aug 23. The rules, which will take effect on Oct 1, are aimed at safeguarding the market order and economic stability, promoting fair competition and protecting the legal rights of business owners and customers. According to the regulations, no entity or individual should engage in illegal business operations in violation of laws, administrative regulations or the State Council’s decisions. Because they're referring to August 23rd, I think this press release deals with ICOs. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Adbitco on September 14, 2017, 10:46:17 AM I bought at the very top because of my colleague passion about how we could all make fortune in this new currency. Unfortunately it's backfire for me now. Maybe i will just hold like everybody is doing That's cool. We should keep patience and hold very tightly. Right now, all the FUD going on right now because of people going to panic sell , don't believe the hype.Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: matico on September 14, 2017, 10:50:36 AM It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: machinek20 on September 14, 2017, 11:15:55 AM It suck to see china playing this scheme, it caused the turbulance in crypto market and it caused people to do panic sell, actually bitcoin can be reaching more than 5k this month, but because of this news, it will need more time to reach it
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: alyssa85 on September 14, 2017, 12:02:40 PM BTCC is closing down. See the following tweet:
https://twitter.com/YourBTCC/status/908285586368167936 They say it is because of the new PBOC rules. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: asriloni on September 14, 2017, 01:21:48 PM It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs. curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: RodeoX on September 14, 2017, 01:27:47 PM I never heard anyone complain when they were foolishly buying something they don't understand. Most people in this economy are not using bitcoin, they fancy themselves "investors". That creates a speculative economy which will always rocket up then crash hard. Get used to it. As long as utility remains low and hype remains high 50% drops are likely the norm.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: baritus on September 14, 2017, 01:33:00 PM It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs. curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.How is it FUD when exchanges are actually shutting down though? Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: faithupgrade on September 14, 2017, 01:41:29 PM FUD and panic selling is very common to stockmarket holders and forex traders. They buy or sold everything to prevent loss. They are sensitive to news. Lols.
Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Tmdz on September 14, 2017, 02:06:06 PM It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs. curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.How is it FUD when exchanges are actually shutting down though? FUD = Fear, Uncertainly and Doubt So FUD can to be true or a lie to create those emotions in people. So that is why this is FUD, people have fear that exchanges will close down. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: baritus on September 14, 2017, 04:43:55 PM It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs. curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.How is it FUD when exchanges are actually shutting down though? FUD = Fear, Uncertainly and Doubt So FUD can to be true or a lie to create those emotions in people. So that is why this is FUD, people have fear that exchanges will close down. The fear part is clear. Uncertainty and doubt? Not really, some of the Chinese exchanges are already announcing shutdown dates. Title: Re: More Chinese FUD to trigger panic selling on idiots Post by: Zicadis on September 14, 2017, 05:17:31 PM Fool me once, shame on you & fool me twice, shame on me and this is the kind of mind set we need to build to avoid manipulation from fudsters...because if we cant get this right most crypto currencies are decentralized and depend on positive mindsets/confidence and if investors or share holders lose confidence the crypto ecosystem feels the echo by falling prices.
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