I am getting sick of fucking Chinese idiots

[stupid_seb]

I honestly couldn't care less. Why are you so upset over this? Let them do what they want in China as long as they don't affect me I am cool. Market manipulation or not. I'm getting cheap coins, I don't now about you guys. Crypto can be so chill if you're a long term bull.

This. I've noticed the only people getting pissed off are the Blockstream shills in the West...gee wonder what they could be worried about? Maybe sinking price and increased Bitcoin Cash profitability? Hmmm.

Volatility is the issue. It scares investors away.
Panic sell rides, fud propaganda, crazy bull runs...

I'd pop a bottle of Veuve Cliquot the day China is out of the crypto land. even if a $1,800 BTC price follows.

[25hashcoin]

I honestly couldn't care less. Why are you so upset over this? Let them do what they want in China as long as they don't affect me I am cool. Market manipulation or not. I'm getting cheap coins, I don't now about you guys. Crypto can be so chill if you're a long term bull.

This. I've noticed the only people getting pissed off are the Blockstream shills in the West...gee wonder what they could be worried about? Maybe sinking price and increased Bitcoin Cash profitability? Hmmm.

Volatility is the issue. It scares investors away.
Panic sell rides, fud propaganda, crazy bull runs...

I'd pop a bottle of Veuve Cliquot the day China is out of the crypto land. even if a $1,800 BTC price follows.

Volatility would have long been a non issue if it weren't for Core artificially constricting BTC blocksize, thus price. 

[SushGo]

Why don't we just ban China? 

They're banning themselves. Apparently they are going to shut down all local exchanges "soon".

Presumably that means the big ones like OKCoin etc.

Once the exchanges are gone, there won't be any sharp falls on the Chinese exchanges to panic the investors on the western exchanges (who tend to sell immediately even though they don't know what it's about just in case something major is happening).

Agreed with you, we can expect a correction in the bitcoin value once these exchanged shuts down, due to to the panic selling by the investors.

[Rinaze]

You would ban China if you don't like money (both in the long and short term). And for your information, slightly more than 70% of the miners for BTC are from China (despite being different entities).

[GreenBits]

i have been saying this for ages, Chinese never do anything. the poor bastards are just doing what the rest of us are doing, they invest in bitcoin. what happens is that a very normal news comes out of China and the whales manipulate the price by dumping!

i think this month's worst and most ridiculous one was the dump because of banning of ICOs because it had nothing to do with bitcoin to begin with
and now this new one is out too!

i promise you that in about a week we will be laughing at those who sold at the bottom and not bought back.

i was stumped as to why btc reacted on the ico news too. notice we were at an ath, and also notice this always happens when we approaching/just hit an ath


well, if the rumors are true, we will be going backwards for a while. im still at a loss as to why they would release all this bad news in a row like, this, if "preserving financial order" is the aim of all these guidances/rumors. this has to be the absolutely most disruptive shit they could have possibly conceived.

now, if the shit does hit the fan, so to speak, im curious as to how much we will retract. not trying to see another gox slide, id rather it crash and stay down, rather that drip.

it will be a very different market, volatility wise, without China.

[guclu]

I honestly couldn't care less. Why are you so upset over this? Let them do what they want in China as long as they don't affect me I am cool. Market manipulation or not. I'm getting cheap coins, I don't now about you guys. Crypto can be so chill if you're a long term bull.

This. I've noticed the only people getting pissed off are the Blockstream shills in the West...gee wonder what they could be worried about? Maybe sinking price and increased Bitcoin Cash profitability? Hmmm.

Volatility is the issue. It scares investors away.
Panic sell rides, fud propaganda, crazy bull runs...

I'd pop a bottle of Veuve Cliquot the day China is out of the crypto land. even if a $1,800 BTC price follows.

Exactly! I mean volatility is my issue as well... Because I fucking can't earn money trading and all my buy / sell orders are left at a bag position. I'm really fed up with this shit but nothing to do... Can't even get prepared for this. I just hope there really is a ban so they finally will stop these sudden distractions in the market. I am ready to start over from $2k value for btc then to have that governments people trade in the market. Damn commies worst than radical religious in restrictions (if you know who I'm talkin' 'bout)

[goldade]

Why don't we just ban China? 

Unfortunately we can't do anything about the Chinese as at now because even countries that should come and decentralise the power Chinese government has are either sleeping or ignoring the fact that the dominance or China is increasing beyong the trade and technology but also into the technology of the future while they are there fighting over what is of no relevance.

[StockBet.com]

Chinese government ban of Chinese ICOs forces their people to buy non-Chinese ICOs and existing cryptos.  That's good for non-Chinese ICOs and will eventually be good for all existing cryptos.

[eaLiTy]

i was stumped as to why btc reacted on the ico news too. notice we were at an ath, and also notice this always happens when we approaching/just hit an ath
well, if the rumors are true, we will be going backwards for a while. im still at a loss as to why they would release all this bad news in a row like, this, if "preserving financial order" is the aim of all these guidances/rumors. this has to be the absolutely most disruptive shit they could have possibly conceived.
now, if the shit does hit the fan, so to speak, im curious as to how much we will retract. not trying to see another gox slide, id rather it crash and stay down, rather that drip.
it will be a very different market, volatility wise, without China.

If you go back and check the history,when ever there is an all time burst in the price of bitcoin,some kind if news pops out to make the market go crazy and panic creeps in and people starts selling off their coins left and right and that is what happened here,when there was a negative news with the ban of ICO from China people started selling off and the market kind of recovered and then now yet another news that the Chinese are banning exchanges made the market dip further. I am waiting for another price rise so that i could profit from my current investment when the markets tumbled. 

[HongKong]

Chinese government ban of Chinese ICOs forces their people to buy non-Chinese ICOs and existing cryptos.  That's good for non-Chinese ICOs and will eventually be good for all existing cryptos.

With China trying to get rid of the people doing ICO’s and the people joining the ICO’s it is pretty good for the people that know how to use computers and the Internet. The censorship is real, once the people in the Government find that more people are learning how to bend the rules and do things that the Government wouldn’t allow them to do then that is when they will put harsher penalties for not cooperating with them.
It’s pretty easy to use a computer and participate in an ICO in China, if you look around the Internet you wouldn’t be complaining about it so much.

[khaled0111]

Don't be so angry. I don't think the chinease ban on ICO will have a permanent effets, that if it had any.
The purpose of Bitcoin is to be an international currency with no control over it, son banning China, witch is something impossible, will have no sense.

[1Referee]

China is no longer the big boy in the Asian continent, some people still don't seem to realize that. If you add that most of the investors are extremely short term gamblers, they heavily over-invest due to their greed, invest with borrowed money, you'll get situations like this where the market takes a significant hit as result. Instead of focusing on idiots selling their coins, just buy up their coins and let them buy everything back at significantly higher levels - that's how you make these gamblers burn through their capital without much effort. At the end of the day, whether it's the highly anticipated correction taking the price down significantly, or cheap fud news, it makes no difference - we would correct anyway.

[nick_nick]

Why don't we just ban China? 

I'll pop champagne if you do so!

China is a major player in the crypto world, banning china will sweep
Half of the market with it.
I will not wish for that.
We all hope for a comeback for Chinese.

[stupid_seb]

i have been saying this for ages, Chinese never do anything. the poor bastards are just doing what the rest of us are doing, they invest in bitcoin. what happens is that a very normal news comes out of China and the whales manipulate the price by dumping!

i think this month's worst and most ridiculous one was the dump because of banning of ICOs because it had nothing to do with bitcoin to begin with
and now this new one is out too!

i promise you that in about a week we will be laughing at those who sold at the bottom and not bought back.

i was stumped as to why btc reacted on the ico news too. notice we were at an ath, and also notice this always happens when we approaching/just hit an ath


well, if the rumors are true, we will be going backwards for a while. im still at a loss as to why they would release all this bad news in a row like, this, if "preserving financial order" is the aim of all these guidances/rumors. this has to be the absolutely most disruptive shit they could have possibly conceived.

now, if the shit does hit the fan, so to speak, im curious as to how much we will retract. not trying to see another gox slide, id rather it crash and stay down, rather that drip.

it will be a very different market, volatility wise, without China.

Be ready for more market movements, fud and news from beyond the Great Wall.
Last week, Chinese traders lots massive amounts of money by selling at $4,000, and BTC showed resilience. (Interestingly, the Chinese ICO announcement was released during labor day in the USA... )
Today is same old: they dumped... and the BTC will show resilience in the next 2 days.

When you lose money, you want to get it back.
So be ready for a shit storm of crazy news from China in September: the goal is to destabilize enough to reach $3,500 so that everybody gets their positions back...

[PMmesexycoins]

Great plan, it's not like much of the world's production is there now. Doing just that will without a doubt make X currency valuable!

Even if it were possible, it would just do the contrary.

[GRR]

I have to say, I am also beginning to be fed up with the Chinese idiots. Having them gone from cryptos would be a major blessing. Whenever there is finally a fucking upward trend, its just ruined by some artificial random drama, so everybody goes into retard mode and panic sells again so they can buy low. I thought this should be cleared up after that idiotic bitcoin fork drama, but it seems they always find some new ways to fuck up the crypto-economy, EVEN THOUGH THERE IS ABSOLUTELY NO FUCKING REASON FOR IT. NOTHING WILL CHANGE. BITCOIN WILL NOT CHANGE. It's just freezing up your stuff because you have to bag-hold again for another month or sell with losses. This is just one of the reasons why it is not reaching the average people, because of this artificially-induced volatility. No conservative investor is interested in this shit, no matter the potential. Having this issue solved would actually be a huge upward trend for crypto-currencies and would inspire trust and confidence instead of boring FUD, which seems to happen every 1-2 weeks now for no reason.

[buharikx31]

For sure you need to stay cool and keep your coins anyway, market gonna change the price's anyway depending on the new information but people try to sell everytime after the new posts out that something get banned or changed for direct state

[GreenBits]

I have to say, I am also beginning to be fed up with the Chinese idiots. Having them gone from cryptos would be a major blessing. Whenever there is finally a fucking upward trend, its just ruined by some artificial random drama, so everybody goes into retard mode and panic sells again so they can buy low. I thought this should be cleared up after that idiotic bitcoin fork drama, but it seems they always find some new ways to fuck up the crypto-economy, EVEN THOUGH THERE IS ABSOLUTELY NO FUCKING REASON FOR IT. NOTHING WILL CHANGE. BITCOIN WILL NOT CHANGE. It's just freezing up your stuff because you have to bag-hold again for another month or sell with losses. This is just one of the reasons why it is not reaching the average people, because of this artificially-induced volatility. No conservative investor is interested in this shit, no matter the potential. Having this issue solved would actually be a huge upward trend for crypto-currencies and would inspire trust and confidence instead of boring FUD, which seems to happen every 1-2 weeks now for no reason.

well, to be fair its not just China; these weak ass orderbooks and general low liquidity (im talking for larger positions) contribute a lot. there really isnt any place for panic whales to crash, and when they do, the whole market sees it.

this is more the result of straight up manipulation (i think whales are exaggerating the news). the markets simply arent capitalized enough to not be subject to being manipulated. you are exactly right this is why no one (institutional investors) take bitcoin seriously. the volatility makes this always a risky bet, and the lack of price basis means when it does crash, there is nothing to predict how low it will go, and what conditions will be needed for the market to recover.

maybe regulation isnt a bad thing. but if we hadnt ran the price up to these fuck all levels, we wouldnt be at this point yet. the price outgrew the technology.

[jokerlu]

We must take a china off the road...

[StockBet.com]

China and the West are the biggest money launderers in the world.

The Chinese people have been laundering money out to buy real estate in the West for decades.

Several years ago, China's central bank asked Western governments to help stop this.  Instead of helping, Western governments such as Canada, Australia and the U.S., aided and abetted the money laundering, by offering resident visas to any Chinese who brings over $X.

Banning crypto exchanges is probably another attempt by the Chinese government to stop this money laundering.

When Western governments tell you that they want to regulate cryptos with AML, they probably want to stop outflow only, not inflow of money.