Be ready for more rumors and fud from China

[bitbunnny]

Funny things are happening in China when it comes to Bitcoin. Like the goal is to make the confusion and discourage traders and other users so they abandon Bitcoin. This is not going to happen but lot of damage has already been done and obviously this will continue in the future. Lucky for us Bitcoin has shows a great deal of resilience for the rumors and misleading information and this should be even more improved in the future.
China is important market but nit the only one, don’t forget that.

[alfs75]

Reason is simple:

It has been TWICE that china got burnt on BTC, selling as low as $3,900 last weekend, and as low at $4,100 today.
Every time, BTC showed strong resilience and systematically went back up in the $4,400

Lots of Chinese traders lots money, and WILL want to make this money back... spreading FUD and fake news on BTC.

Just be ready... hodl or trade... but it will happen again.

This happens when we heard humor that bitcoin banned in china,in order to discourage all chinese bitcoiner   to not continue in trading,but this kind of critics and humor will not  affected so much  the current happen  in the world of digital currency.co'z everything fake news they throw to bitcoin the more btc will popularize in the whole country and continue his legacy.

[gribble]

China's cryptocurrency ban may not be short term, says BTCC CEO.
BTCC CEO Bobby Lee recently shared his views regarding China’s ban on trading cryptocurrencies, and it seems that he is more skeptical than most internauts. According to him, we should not expect China to change its mind soon and that the government’s goal was to hit Bitcoin prices. Read here the rumors from China about the bitcoin https://cryptovest.com/news/chinas-crypto-ban-not-likely-to-be-short-term-says-btcc-ceo/