this things are happening all around us and they have been happening every day in this business and the news is also out there if you look for it. but the difference is how FUDsters are going to use the news. when they are accumulating and waiting for the next rise even if the government closes down exchanges in China nobody says a word but when they want to do shake out and get cheap coins someone sneezing in China fills the internet.
those who are wise and experienced enough see past the FUD and do their own thing and make profit.
This is not FUD. The Chinese government did visit these exchanges and they did inspect their business. The media made a huge thing of this, and people panicked for nothing. The facts are there and it did happen, but people over reacted to this news.
I will ride this situation in my favor, to buy cheaper coins. ^smile^
Yes it is not but whales are clever to make it look bad create FUD out of it, The big volume that were sold twice during those dumps were probably from group of whales that want to manipulate Bitcoin price timing it with the release of the news to create panic selling of the weaker hands. And that would be the best time to buy bitcoin.
Country seeing this kind of movement can benefits by buying at low and wait for it to go up and sell then create panic rinse and repeat
Chinese government is making profit out of this in my opinion.
