Be ready for more rumors and fud from China

[stupid_seb]

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.

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[Proteania Dev]

China and its people are manipulating bitcoin. It's the nature of their culture. Secrecy and a few getting rich.

[mundang]

If youre an open minded person all that happenings on bitcoin and the rumors are all lie.  Dont be fooled by those fudders.
If you believe in bitcoin the best way to do in this time of fud is to hold your bitcoin.

[cpfreeplz]

China and its people are manipulating bitcoin. It's the nature of their culture. Secrecy and a few getting rich.

Are they sneaky when they're in their ninja suits too? Your racism wasn't needed here. Also, isn't the point of communism the exact opposite of what you just said?

[Nivir]

If youre an open minded person all that happenings on bitcoin and the rumors are all lie.  Dont be fooled by those fudders.
If you believe in bitcoin the best way to do in this time of fud is to hold your bitcoin.

I agree, that's the most safest way if more rumors are to come connected with China and all that. And some are not even affected anymore with these news coming. I myself am getting ready and would still not really mind about these news whether they are true or not, I'd still hold my bitcoins despite the negative news.

[pooya87]

FUD is always around in this market it is nothing to get ready for only now!
and it is not just FUD from China, although it seems FUD Chinese version is much easier to perform. you just spread some nonsense about them banning bitcoin for the 1000th time and it works seamlessly.

i believe instead of hating FUD we have to learn how to love it. just start buying whenever whales dump so that you are taking the cheap coins from whales not the opposite.

[dakilangisajaja]

Everywhere we look at china really has a lot of products and equipment almost all Made in China. So surely with bitcoins as long as money is actually going to enter Chinese people. All the possibilities of the best are in them. Drugs, counterfeit equipment, fake food, and all that they can do for money

[TheGodson]

China and its people are manipulating bitcoin. It's the nature of their culture. Secrecy and a few getting rich.

Are they sneaky when they're in their ninja suits too? Your racism wasn't needed here. Also, isn't the point of communism the exact opposite of what you just said?

We have a social justice warrior in the thread. Go! You can do it! Fight for justice! 

On a more serious note, I hope that more FUD will come towards the end of October. That would be great since it would be right before the possible hardfork on Bitcoin again when it possibly becomes 2x the blocksize. A lot of people on the forum have been saying all the news on Bitcoin has been FUD. I hope for all our sakes that they are right.

[stupid_seb]

China and its people are manipulating bitcoin. It's the nature of their culture. Secrecy and a few getting rich.

Are they sneaky when they're in their ninja suits too? Your racism wasn't needed here. Also, isn't the point of communism the exact opposite of what you just said?

Actually, Ninjutsu is a Japanese martial art. The ninja, or shinobi, is not Chinese.


As said above, maybe one good strategy is to embrace the fud for a moment.
Either hodl at all costs and sail the waves... or "buy the fud, sell the hype" when you can.

[Darker45]

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.

FUD spreading is quite normal in crypto environment. People are often reacting to these that is why FUDs continue spreading around. This has been proven highly effective in somehow controlling or manipulating the reaction and eventually decisions of people in the market. The news about china is true. However, they are now padded with additional rumors to become hotter issues.

[Herlina]

I liked FUD from china   i think this is the moment to increase amount of bitcoin
take advantage of this situation to buy Bitcoin at cheap prices

[mobnepal]

Its quite obvious that all these fuds are spreaded by chinese whales so they can full their bags before bitcoin shoot over $5k. All weak hands will loss money in long run, patience is key in crypto trading.

I am not following any news from china now after and will just buy some more bitcoin whenever I will get them cheap.

[RayvenPierre]

It seems that the Chinese bitcoiners are very intent on getting the price as low as possible so that they can buy all the bitcoins they can. This is more likely them controlling and manipulating the price so they can buy low and sell high when the price soars up again generating them lots of profits.

[Sithara007]

This time, the FUD didn't had much impact. The decline was around 10%, which was much more moderate when compared to the declines of up to 30% when this happened for the first time in 2013. Anyway we'll be better off with less influence from the Chinese. These people want to manipulate the exchange rates, just like they manipulate the CNY.

[stupid_seb]

Starting again now... markets down and up crazy...

Timezones don't lie.

[stupid_seb]

Dear China,
You are gonna lose this fight...

https://cointelegraph.com/news/russian-government-plans-to-subsidize-bitcoin-mining-electrical-cost

[Golftech]

Starting again now... markets down and up crazy...

Timezones don't lie.

we really cant denied the fact that those Chinese manipulators are winning this game for a while but for sure Japan, Russia and Korea together with India
and those European countries which also involved with crypto investment will fight back and bring this system on top again, before end of this year we will
see more up-rise value again.

[MWesterweele]

China and its people are manipulating bitcoin. It's the nature of their culture. Secrecy and a few getting rich.

maybe yes , but dont be fool by then so that it could not affect your thinking in life and it can be only make you have a trust issue in the security of bitcoin, but just let us be hope that bitcoin will help you and just trust to its security.

[stupid_seb]

Starting again now... markets down and up crazy...

Timezones don't lie.

we really cant denied the fact that those Chinese manipulators are winning this game for a while but for sure Japan, Russia and Korea together with India
and those European countries which also involved with crypto investment will fight back and bring this system on top again, before end of this year we will
see more up-rise value again.

Agreed.
So far China is losing as a whole.
I am sure that, inside this losing hand, some whales or traders are getting profits. Therefore, I can only think about the Chinese minnows who get crushed selling at $4,000...

But so far, Asia is selling cheap, and Eur and Us are buying low.
Massive wealth transfers between continents.

[renderkiss]

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.

The rumors are always released for personal purposes, and it has a heavy impact on the psyche of the traders, or else they use the rumors to make a profit for themselves. In essence, the rumors are causing serious consequences to the psychology of each person.