More Chinese FUD to trigger panic selling on idiots

[neurotypical]

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.

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[talkbitcoin]

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"

[BellaBitBit]

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.

[LFC_Bitcoin]

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.

[cellard]

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.

[Casimir1904]

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.

[1Referee]

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.

[Torque]

The mainstream news in every country continues to embarrass itself, and to make itself more and more irrelevant every single day.

[pawel7777]

[JanpriX]

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.

[gentlemand]

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.

[Febo]

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.

[p0peji]

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.

[BrewMaster]

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.

[gentlemand]

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.

[BTCNoobMaster]

Just bought a good quantity of EOS at 0.80!

The chinese opened us a great buy window.

[hatshepsut93]

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.

[jekjekman]

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.

[neurotypical]

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.

[RoommateAgreement]

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