Bitcoin Forum

Can more china FUD affect crypto prices  ?

Don't think its over yet, depends on if OKcoin and Huobi can get proper licensing in place before end of October, otherwise they have to shutdown as well.

Don't worry the communist part is done accumulating now, prices should return to normal now.

its not exactly FUD. Chinese powers to be have made it pretty clear. exchanges that have dealt with ICOs in the past well they'd best be closing, and those that have been fiat to crypto better have done it all legit, well they might get through if they ditch the CNY trading.


with a bit of luck western exchanges will follow suit.

with 0 fees for so long time, what the odds they did it all legit all time?

It feels like the big storm has passed but who knows if there's another one brewing right now? The limit time frame for exchanges to announce their closing was 24 hours ago or so.

It would seem so has the Bitcoin price seem to be recovering. On the other I am uncertain if anyone can categorically state that the FUD is over, rumours and news cause these FUDs, we were hit unexpectedly with the previous news when everyone was thinking Bitcoin would remain bullish. Therefore, expect the unexpected news that could bring about any FUD and hodl when necessary.

I wouldn't call it all fud.
Yes there has been fud, but you see there are incoming regulations regarding ico's/exchanges etc.

Back in the days Chinese exchanges could afford to offer zero fee trading, because they were earning loads of money through their margin trading activities. At the time the PBOC has stepped in and took the necessary actions against these exchanges, they were no longer allowing margin trading, and thus had to stop offer free regular trading. That pretty much explains how they could justify to keep their fees at zero. Ultimately, this has gained them a massive amount of new users -- who doesn't like zero fee trading?

so basically, what you're all saying is, there will continue to be (negative) news coming out of China.
So the big here question is, will that news make crypto prices as volatile as it has been in the past couple of weeks  ? or the big storm has passed

i believe this is very big manuplation and we will know that it next month.
why some exchanges closing but big ones didn't closed yet? there are many big manuplation.

It will be over once Chinese are done dumping and exchanges are closed.

Not FUD, they made the only right thing in the long run. Get rid of the fraudsters and put regulation in place. The latter will take some time, but it will be good for all of us.

Crypto is an immature market. The latest China crisis may be fading, but the market as a whole has always been extremely volatile and will remain so for probably at least the next few years. The continuing success of bitcoin and alts are making crypto ever more prominent, and ever more of a threat to the fiat establishment. There are plenty more battles to come.

Exactly, which makes it more important to put regulation in place if this should ever become serious contender to Fiat.

Even if everything has ended now - it can be repeated at any time, because it became clear that such a system works. But the market will still recover

For the first answer the fud is not over, but at least there is no more fud come from china but actually a lot of people are knows about the fact that china hasn't been banned the crypto trade in their country but they are trying to applied the regulation to the exchange sites which a lot of them run without license.

More FUD came from JPM which actually bought massively into Bitcoin.

Yes. I am in favour of a bit of regulation. It will help to legitimise cryptocurrencies and pave the way to mainstream adoption. Of course this will cause some temporary pain along the way with panic sells and market over-reaction, but it will be worth it in the longer term.

Yes, you are right, the Chinese government is taking strict policy to the cypto market, and I think most of exchanges will not survive from this policy, so it is really bad for Chinese investors.

Chinese government is forbidding more and more exchanges to trade crypto with CNY, I think the influence will last a few  days.

Yes of course FUD can always affect crypto prices regardless of countries. We all know that China is also a big player in cryptocurrency investments and minings. They also has the large community that which supports crypto. I don't think what had happened in China is FUD. I think their government is just protecting people from getting scammed by fake ICO's that's why they are regulating exchanges and ICO's to prevent any fraudsters from launching their plans. In this crypto world we must be aware of it since crypto is prone to FUD and we are affected in every news either good or bad because cryptocurrencies always depends on it's community.

It still can happen you never know :) If it wont be China than someone else can start speculating price, but just dont worry about this, it happens everytime and it is an ordinary life thing ;D Price of bitcoin will recover again and again.

No its not over...

https://news.bitcoin.com/china-block-all-bitcoin-transactions/

Hopefully going forward the FUD will not have as much of an affect as it has over the last week. There would probably be price movements down but not as severe, that is my wish

I think we've seen that the Chinese users have the potential of using other countries exchanges too so this has to be some protection against the price fluctuations/drops.

I don't think it's over yet. The effects on the ban on ICO's and exchanges will not affect the market any further, even with the upcoming news that they are planning to ban the access of their citizens to foreign exchanges. What could still affect the markets, are the rumors on their possible fight vs miners, since that would be an obvious fight against BTC, but I don't think they will go that way.

i was thinking (Tone Vays also said this) that the price should drop as the end of the month approaches.
people will need to sell and prices should drop.
we shall see.

also, china FUD over? never.

It's not over yet. Today I read about complete ban of mining, trading, etc. Requiring bank information, real names, source of money, etc. But I don't think they will kill their whole mining industry. It's a lot of money.

Its not over until the Chinese exchanges close down. I believe one is closing at the end of September and the other in October.

I think its not over yet and wont be over that soon, just hoping that other countries wont follow China path.

different perception as assuming use of beginning initials as perceiving the customs of profile with chinese prc investors,
that those with the prc country has with the policy on barre with information exchange,
as parts with partisan of crypto finance business accepting the different level of moderation as exchanging appropriation as entering scenes with the field of forum with different profile on partisan as the use with the colateral relation between each members with the prefers of priors on position.

Probably, the big storm is not over yet. Now in the media there is information on the total prohibition of Chinese citizens to trade in crypto-currency (some of the crypto-currency exchanges are still operating as usual), and heads of special crypto-exchange trading platforms are forbidden to leave Beijing, so they have the opportunity to communicate with the investigation. not quite clear.

I think we can only hope to be FUD free for a while after the segwit2x hard fork happens (and doesn't mess up the community too badly). By then the China issue will be already in the past and there aren't are foreseeable "FUDish" events on the horizon. Hopefully it plays out fine!

This is the best comment probably, I think they intentionally did that and they could do that again, look at the price now it's just a matter of time before it gets back to where we left off before the big dump.

I think it is over but every month or two there is some new FUD. No shortage of
surprises in cryptoland! But bull markets always climb a wall of worry  so
buying the dips on FUD is the way to go.

if china wants to annonce that mining is illegal, this will be a big problem

I believe the effect of China's action is not over yet.  Recently they ban exchange executives from leaving their country to interrogate them regarding the exchange transaction and other data.  This may cause fear to Chinese traders living in their country thus affect the trading negatively. 


I agree this will slow down the process mining of blocks until the next block is solved, probably a temporary effect but it will be fixed sooner than we thought by building mining farm to other country.

I don't think china is ever going to do that, they banned exchanges as they aren't supposedly legal (they don't have papers) but the chinese are too heavily invested in mining to ban it for good

Nope - Wait at least until the Communist Party National Congress is over and then a month without sabre rattling and it will be over for a while more.

Chinese FUD may be over, but then we've had J.P. Morgan FUD, which punctually turned out to be just a way to tank prices for buying cheap. I guess we'll always have one major FUD or another.

I don't think think china FUD is over, there is still rumor that the government going to shut down all the exchanger whether the legal or the illegal, but still not sure the news is hoax or real, if the government banned the exchanger it is still ok because the price can recover, the one that I afraid is the government banned mining, if it happened then we really got problem

I hope that is finally over. Probably big fishes bought what they want until now.

It will be over when it stops being effective.

Great answer! It will over when all the coins turn green again and the gains sustain.

All FUD will be completely over after this

https://en.wikipedia.org/wiki/19th_National_Congress_of_the_Communist_Party_of_China (https://en.wikipedia.org/wiki/19th_National_Congress_of_the_Communist_Party_of_China)


This is analog of Capitalistic Elections in Communist World.


I expectng that even ICOs can be legal again after October 18.


Before October 18 anything that can compromise Politburo will be banned, restricted and closed.

From what I have seen, Chinese projects have strengthened themselves.
Proceeding. Taking all necessary steps to proceed.
Going foreword, considering location, costing in large legal firms if necessary.
ie. Have already done in some cases, will not allow selves to be stopped.

i read some tweets about china doing Bitcoincash their official cryptocurrency. but i don't know true or not. so i think fud isn't over...

It's never over but their influence is waning. Sooner or later each country will have it's run at either helping or hurting crypto

I think it is not yet done. As I see bitcoin price is increasing but not yet as stable as before. Indeed but not all month, there is a huge fud like what china did. I really don't know if china's news is really a FUD, it became like that because of subtle news without clear explanation and untrusted source.

Open the eye to the reality of the future. The minds on the forefront of technology, handing the blueprint of undeniable benefit to people, economy, etc.. It will happen, full stop.
No Gov can deny it, other than to allow themselves to go backwards.
This is where the distinction must be made. Look, the projects are enormous in vision, and absolutely possible, thanks to the tech we have today. The minds on the forefront cannot and will not be stopped.

It seems normal and peacefull, the cryptos values are normal and now slowly rising up but still we must always be vigilant because we really dont know if there are still another plan of China of obviously trying to manipulate bitcoins but for now we know they failed because of the value trend in the market are all good.

The "China FUD" is actually insignificant. This is just a small blip on bitcoin's way to $50k++.

Remember that bitcoin is run by the people. It has tremendous real world use and its adoption is growing everyday.
With a limited number of coins, very soon bitcoin will reach all time highs. I'm personally buying as much as I can.

Forget China with their bad ideology.
let's look at a great country, Japan has taken over the trade in the World. It's amazing 50% of trading is there.
This is amazing because japan has taken their best moment. A country that 100% has legalized Bitcoin trading, we must learn to Japan not China.

Wow that was great, one of the rich in technology country was taking over the trading community. I hope Japan sustain their supports in bitcoin trading. Because if they cut it immediately almost all trading in bitcoin will be fall down.

Seems like it is over now. Prices have stabilized more or less, we should be seeing uptrend soon. China's FUD was mere attempt at killing cryptos, it did hurt a lot to come cryptos but all of them survived.

i think all the china exchange have steal the customer funds. much embezzle. so okcoin and huobi exchange will have to close down first

Yes it can still affect the prices. But it will not be more significant as the drama stops and the price of bitcoin seems to be at good stage now.

And for the shutting down of exchange look on how it did affected the price of bitcoin, it certainly pushed their traders to sell their bitcoins that made the price quick to fall.

I'm still observing if there will be some other FUDs around and we will see if that will affect the crypto price.

Over or not, but i really hope it ends soon. So that we the crypto world grows without any fear. China decided to leave bitcoin is their loss actually.

no. China trader can't fud anymore. Now they see we can live without them and we dont need them anymore

Lol.

Take a look at 2 huge exchanges OKCoin and Huobi. Do you recognize the bitcoin trading volume? It's lower than bittrex dude!!!! LOWER than bittrex!

You think the Chinese are trading bitcoin and part of the dump? NO!!!

The filthy rich Chinese already bought their bags and moved it abroad. Don't you recognize the trading volume decreasing every day since 2017?


That's how the rich and smart Chinese manipulate the market. They bought at any price even in the bear market in 2014. And look at that. Another bubble created by Rich Chinese.

this FUD will be going on for several weeks now it cannot be easily settled.

If the price issue might have been influenced by the FUD in china but I have great confidence that one day the price of coins will return to the original once the news begins to subside and many investors start doing their old activities again.

Yes, that chapter is closed now. Now market absorb that news and going upward and BTC will touch its new high in year end. All other altcoins also start momentum and going upward. Now traders are active again.

for sure people who learn from this FUD will start to realize that bitcoin really have its strong grounds and in any moment it can pull back up again
though china really create impact but they are just playing around they wanted to have more so with the whales and uses this news to accumulate
and not to sell out.

It will never be over. They will just lay low, and then when the price recovers or reach a new ath, they will drop anyther bomb that will spread fear and panic to almost everyone. Instant profit. Rinse, repeat. That is how the Chinese are playing us.

It seems that the bad news from China is not over yet and the bitcoin is waiting for new shocks. The Chinese government decided to completely stop the circulation in its country of decentralized crypto currency, including bitcoin. In these digital currencies, it sees a threat to the economy of their country and will either create their own, which will no longer be decentralized, or try to subordinate the existing crypto currency. The results of such behavior of China are unpredictable. It looks like we are losing China as part of the decentralized crypto currency market and it may soon become an outcast for us.З

I have also read those things recently. People always dismissed rumours about China but in the end it actually happened. I hope not, but let's see. What will happen if China completely blocks all Cryptos I do not want to know, it started to be so promising there.

Btcc has closed operation and many others exchange trading platforms and mining companies may close operation week to come. It then mean the FUD is not over yet. Chinese regulatory agency should come out with a regulations that will help it citizens on cryptocurrency and not trying to create or make the citizens poor by banning bitcoin operation in China. More China FUD will definitely going to affect bitcoin price.

FUD usually happens. This is not new. It might be a different story this time but I assure you that this is nothing than the previous challenges when bitcoin started. Just think of this situation as a shop til' you drop opportunity.

i think btc will not fall like 2 years before.. it just stay strong, with china or w/o china..

Not until this month ends, we can still feel the FUD caused by these clever Chinese sharks. The best thing to do is to believe in bitcoin, that whatever happens to its price, it will surely rise in the future as more and more people become aware of cryptocrurrency each day. More demand, higher price. If China dump all their coins, it will only be their lost, not ours.

Yes, China FUD can affect the price of Cryptocurrency but it does not last long. about 2-3 days the price will return to normal. for short term trading I think this is a very good moment you will get cheap coin price when FUD happens and will sell it when the price returns to normal.

I think China will legalize BTC and Altcoins trading in the future. But regulations will be still tighter than the other part of the world, as always.

First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.

The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.

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It is FUD since it cause one , Fear Uncertainty and Doubt on Bitcoins.  I think the effect is not over yet and it may carry until November since exchanges in China have until last day of October to shutdown, then their executives will be interrogated.  So I think we need to brace ourselves of continuous downtrend of cryptocurrency until the effect of Chinese Government action is gone.

Yes it will definitely affect the crypto prices, why? As the traders, holders, miners are doing the same thing when hearing these such FUD even without verification and they do sell. This really affects a lot the whole crypto market, the whole crypto kingdom. And currently, the price seems to be down again and is this another FUD from China? But we'll eventually recover and endure these FUDs later on.

the impact is only momentary. and it's all proven with the starting price of cryptocurrency stable. I am very sure that cryptocurrency is not that easy to fall

It is not easy to falll, the dips wete mormal due to the users who are in panic but everything can recover since crypto were really useful nowadays especially in businesses.

I was pretty hopeful that the wave of bad news would be done after the market absorbed the ICO and exchange bans. But it sounds like there is more to come. I haven't seen any reputable sources confirm the story about banning the Bitcoin network itself. But there are reputable VCs with sources on the ground who are saying, "we haven’t seen the worst yet." Apparently we're talking about a complete ban on OTC trading at least. We could even be looking at a mining ban, or a state takeover of mining operations: https://twitter.com/bitcom21/status/910579445198602240

The FUD is strong right now... :-\

Its not over, they want to ban mining now
in some time they will relax for a year, and then come back
it will never stop since they can influence the price like that

I initially thought it was fud, then it seemed to be something more serious with exchanges getting "banned" (temporarily?), now we'll have to wait and see.
I don't think it's over yet.

It may affect still considering that the china market is  pretty large that it can really make a significant dent in prices of crypto. But no need to make a fuss of this. The entire crypto is so huge that china is just one factor of its growth. It is not the all and be all of crypto.

There are rumours too, about banning mining or the Chinese govt taking over mining.

The only way to completely end the whole China hassle is for mining to restart in the rest of the world. I understand that now that the Japanese have legalised bitcoin, several big conglomorates have expressed an intention to get into mining. If so, that would really stabalise bitcoin because the mining would be done in a state that had legalised it, and would be backed by mainstream business not shady operators no-one knows anything about.

china has a plan for long term, that means that the ban will continue, but slowly so the people of china be scared to use bitcoin, the china plan is make their fiat currency the first one of the world and bicoin is dangerous for that plan, but at the end china will lose this war against  bitcoin.

Regulation isn't bad. It's actually a good thing, means we are on the right path.

For those who didn't know, China will host their 19th National Congress on the October 18, 2017!
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.

I figured the same. It's all politic.

On the bright side, the US might allow Bitcoin to be traded on the exchange via EFT. Bitcoin will explode when that happen and China ban will have no affect.

it will not happen, I believe Japan has made a good rule. everyone has been comfortable with Bitcoin.
the most feared thing is that China is politicizing Bitcoin.
all in control and ignore some countries that do FUD.

Probably not over, the government will be indefinitely involved and the situation can only get more complex from here.