Chinese ban bitcoin news is 100% pure bullshit

[Yuuto]

No idea whether this is legit news or not, i think it is probably not legit.

People have overreacted. A lot of people probably thought that the exchange ban was official. But only now they are realizing that it is actually just a report with no basis, only rumours and could have potentially just been a piece to attract attention and help a trader who is behind all of this to make profit off a short.

Anyways, btc is going up gradually and recovering. Currently $4280 and still going. I think if it did turn out to be fake news then btc will probably be pumped to $5000 because of relief.

[Denker]

No idea whether this is legit news or not, i think it is probably not legit.

People have overreacted. A lot of people probably thought that the exchange ban was official. But only now they are realizing that it is actually just a report with no basis, only rumours and could have potentially just been a piece to attract attention and help a trader who is behind all of this to make profit off a short.

Anyways, btc is going up gradually and recovering. Currently $4280 and still going. I think if it did turn out to be fake news then btc will probably be pumped to $5000 because of relief.

Looks like it was again another made up bullshit, just to crash the market and accumulate more Bitcoin and of course shorting it from the top.Pretty much fabricated on purpose and the insiders took a huge advantage of course.
When you were smart, you knew this is 95% bs and just bought the dip anyway.

[Haesoo]

i am getting the popcorn ready...

this is becoming interesting. someone spread some FUD and it became big and now everyone is running around in circles

The fact that China really a big fish when in comes in crypto currency so when the news explode everyone thought this is all true and we can't blame the small fish to swim in the ocean. So better to hold our coins tight and let the big whales play this game.

[bettercrypto]

It seems this bad news really affect traders inside China.  The price of bitcoin plummet in there resulting to lower price, as I recall a news stated that Bitcoin price fall under $4000 after the news about closing exchanges spreads in the internet.  We are still confused whether this statement is true or not but the impact of such news had already been felt.  I hope this won't badly affect the global market of Bitcoin .

[Carlsen]

Can it be really a coincidence that just a few days after the chinese central bank made a real announcement about crypto currencies, this fake news occures? I think it is not.
Somebody was planning that. Longterm, I suppose. The moment was carefully chosen.
An already alerted market does not need much to be pushed over the edge once again.
And when you can pinpoint that moment there is much money that can be made.

[ButtCrack]

It seems this bad news really affect traders inside China.  The price of bitcoin plummet in there resulting to lower price, as I recall a news stated that Bitcoin price fall under $4000 after the news about closing exchanges spreads in the internet.  We are still confused whether this statement is true or not but the impact of such news had already been felt.  I hope this won't badly affect the global market of Bitcoin .

If just by bad news can make the price of Bitcoin fall down fast from high price, it proves Bitcoin not stable and almost investor are speculator. For me, this crash like a test for check mentality of traders on market created by whales

[alyssa85]

It seems this bad news really affect traders inside China.  The price of bitcoin plummet in there resulting to lower price, as I recall a news stated that Bitcoin price fall under $4000 after the news about closing exchanges spreads in the internet.  We are still confused whether this statement is true or not but the impact of such news had already been felt.  I hope this won't badly affect the global market of Bitcoin .

It only fell under $4000 on the Chinese exchanges (I believe it went down to $3600).

But on the Western exchanges the $4000 level held and it began to rise within minutes. As long as the $4000 support holds, there really isn't anything to panic about, bitcoin will just consolidate for a few days.

[AK47-]

This news of Bitcoin exchange ban rose just because of recent ICO ban. Someone took a benefit of it and spread this FUD. There was indeed an effect of this fake news on the market. I hope people will get some sense and Bitcoin price comes back on the track.

[Slow death]

there really isn't anything to panic about...

it's still too early to say that, if there was nothing to get into panic, why so far bitcoin has not recovered?

this is because people know that this news can become true and there are many chances of this happening, just be patient and wait until Friday next week to know if the news is false or not

[Marcus yoyo]

china just banned ico and also not all ico in banned. news that bitcoin di banned dichina is a hoax

[Shinpako09]

I mean you can take advantage just as much as them but it's still pretty stupid to be gone for 1 minute and comeback to see bitcoin price dropping 100$ every minute. I'm sure when coinbase gives their BCH to people, everyone will dump it and BTC's price will boost up. Anyways, just keep calm.

Some people can not remain calm. I saw half an hour ago a lot of panic selling. To me it is ridiculous from it. Why do not people trust bitcoin? After all, he gives them a good profit.
I consider this news - speculation. It can not be realized, but it has had a very strong (but short-term) impact on the whole market

Well, they always do that. Even if they say they have learned and won't panic again. If there's situation like this, they still did. There's nothing new, after this they will regret again. They will do the same mistake while others are taking profit.

[White sugar]

china just banned ico and also not all ico in banned. news that bitcoin di banned dichina is a hoax

what are the exact rules for ICO in China now?

hard to find reliable sources specially when one can't read chinese

[Lmaooo]

There is too much FUD coming out of China these days,  because of the ban on ICOs. China is huge for bitcoin and mining, and I doubt they will ban bitcoin news and updates outright. I see the price taking a hit due to fake news.

Yes, there are so many FUDs circululating fabricated for different reasons but I'm afraid in every rumor there's an element of truth. I think China is really planning something which is hidden from our sight.

[shreya_g]

The bitcoin price is going doing,has it anything to do with this fake news.I think it is because of this bitcoin rate fallen down since last 1 week specially today.