Be ready for more rumors and fud from China

[bamboylee]

What can I say, FUD is working well. The price now has dropped to 3500$. I hope this is the bottom of the dip already.  I am buying more bitcoin now while the price is cheaper to combat the FUD. I hope pump starts soon.

[stupid_seb]

What can I say, FUD is working well. The price now has dropped to 3500$. I hope this is the bottom of the dip already.  I am buying more bitcoin now while the price is cheaper to combat the FUD. I hope pump starts soon.

Franckly... it can drop to $3,000 it if want to, as long as I continue to get alts like ARDR, SHIFT or WAVES on sale.
In the end, as long as I keep up with my BTC levels, or even increase them , I do not really care about the price of BTC in the short term.
->My only metric is the level of my portfolio in BTC.
FTR, I have a strong position in USDT yesterday, but I did not have the balls to keep it overnight.... I should have, but as said, my strategy is in BTC value, and this was a risky move I would have had taken.


It's about time. Aim 2018 and sail the rought seas of the "be(a)r" months of 2017.
The lowest the BTC, the more it looks like an opportunity for new entrants, making the market growing.

Everything that does not kill the monster will make it stronger:
1a- Banks say BTC is the enemy, I say "the enemy of my enemy is my friend" -> creates visibility and positive image to BTC
1b- Some banks embrace BTC: creates mass adoption

2a- China bans: everything that China bans ends up being a massive hit (Google, Facebook, ... BTC ?)
2b- China regules: AWESOME news! They need regulation.

3a- Japan, Russia, and more and more other countries are embracing btc.
3b- Other countries realize USD is a fraud --> good for BTC. The only real money with a true "proof of work" needed to create it (see McAffee CNBC interview)

check this:http://www.marketwatch.com/story/venezuela-reportedly-denies-dollars-for-oil-payments-after-us-sanctions-2017-09-14?siteid=rss



There is just one caveat... a bit one, but also an opportunity:
The "market" (people) on cryptos is SO FUCKING DUMB for the most part, that BTC could tank TWICE if the same news is given at 1 week interval!!

Ultimately, smart and patient people will make money from the impatient idiots.

Shop smart. It's on sale today.

[Serinitty]

BTCC is suspending trades on the 30th, BUT.

They stated its due to the recent ICO rules and NOT because the government has shut them down... I think people are overlooking this.

But what would you do honestly as a Chinese investor?

You might not be able to get your money out as FIAT if you don't do it now at least thats the fear going through the minds of the chinese.

Especially when you government is over controlling and extremely harsh when it comes to enforcing its rule.

I feel like china will prepare a set of rules and laws to make sure they can profit huge off crypto and then allow everything to continue will full legality creating the biggest gains we have ever seen.

They will probably buy up billions at the low end of the dip before releasing the "good news"

and in 5 years chinese government will have trillions in bitcoin US's stupid SEC rules and restrictive slow government will have excluded them from the crypto rush guess who comes out on top?

Well i mean other than us  

People are taking all the regulation talk the wrong way. Regulation means that things are being accepted and adopted. Regulation means that we can go about our business legally without concern of our FIAT gateways getting shutdown.

[Absentis]

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

I think it is affecting now because the value trend for bitcoins this week are declining now and also the altcoins value are declining dramatically maybe because some people are easy to panic and they will easily to decide to sell their coins without confirming the news if is real or just a fake news but i believed this declining value will be temporary because the moment bitcoin value become lesser then many will grab this opportunity to buy bitcoin in huge amount at a cheaper price.

[StarofBTC]

The other rumors from China: Multiple Monday reports have added to speculation that Chinese authorities are planning to ban bitcoin trading on domestic exchanges, with no plans to stop non-commercial, over-the-counter transactions.
After Friday’s swirling rumors about Chinese regulators reportedly drawing plans to shut down domestic bitcoin exchanges, the Wall Street Journal is now reporting that China’s central bank is looking to ban Chinese platforms from providing virtual currency trading services. https://t.co/kRAMlNTeXT

All china does is spread baseless rumors n' sh*t that it's not even funny anymore. Taking advantage of their political might to sway the market. So much for bitcoin's decentralization huh?

This has nothing to do with decentralization. This is just the market being a market. The China ban rumors bring uncertainty, and markets hate uncertainty, giving bears an edge. And I think that's what the PBOC wanted--to calm the market down while it mulls over regulations.

But no matter what any government does, it has no bearing on the protocol's decentralization. Panic sellers exist in all markets, whether the asset being traded is decentralized or not.

Whatever China has done and still doing with the crypto coins' world is something that it is doing for the safety of its economy and national currency, at least this is what the Chinese authorities are saying and it is best to respect their decisions.
Also, bitcoins and other crypto currencies are still managing so it is best to not pay much attention to political games.

The decision made by Chinese is cutting them off from the outer world and they are neglecting the Importance of the most profitable coin of the world and they should accept this because this will also gave boost to their economy and the bitcoin business will grow in china faster if the biggest country will accept it than other countries will also join the lane of profit and business.

[BrewMaster]

there is always an end to everything and all the rumors and FUDs are coming to an end now. the news has been clarified by the exchanges that closed down. it had nothing to do with banning bitcoin or anything remotely like that. it was (like before) about regulations and how these exchanges are not regulated.

the Chinese are currently withdrawing their funds and transferring them to other exchanges and other buying options such as localbitcoins to invest in back into bitcoin.

[ShadowBits]

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.

all this FUD has manipulated the bitcoin value
i feel so sorry for the investors that panicked
bitcoin has been through this a lot , and it will be like this a guess

[GRR]

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.

all this FUD has manipulated the bitcoin value
i feel so sorry for the investors that panicked
bitcoin has been through this a lot , and it will be like this a guess

Don't feel sorry for them. Serves them right, for wrecking the price with their FUD and panic. It is a self fullfilling prophecy.

[nightwishx]

I think this scenario is obviously just to deceive us into panic sell. I can only advise you all, hold the bitcoin until the price returns to normal, do not be afraid.

[gribble]

Chinese bitcoin exchanges Huobi and OKCoin – two of the country's "Big Three" markets – have announced that they will halt yuan-denominated trading by the end of October.
The twin statements indicate that, at least for now, the exchanges will continue to offer cryptocurrency-to-cryptocurrency trading services. That said, both exchanges are halting yuan deposits starting today.
According to Huobi and OKCoin, definitive information about the trading suspension will be circulated to users before September 30. More significantly, the exchanges will undertake a "gradual" process of unwinding its yuan-denominated markets, with an eye to complete that process by October 31.
That is why the of bitcoins rebounce about $500 in one minutes, be ready to goes down on the october.

[carlisle1]

Chinese bitcoin exchanges Huobi and OKCoin – two of the country's "Big Three" markets – have announced that they will halt yuan-denominated trading by the end of October.
The twin statements indicate that, at least for now, the exchanges will continue to offer cryptocurrency-to-cryptocurrency trading services. That said, both exchanges are halting yuan deposits starting today.
According to Huobi and OKCoin, definitive information about the trading suspension will be circulated to users before September 30. More significantly, the exchanges will undertake a "gradual" process of unwinding its yuan-denominated markets, with an eye to complete that process by October 31.
That is why the of bitcoins rebounce about $500 in one minutes, be ready to goes down on the october.

we really cant assure now maybe things will be more brighter if another country will showed their support and this issue about china will be forgotten
for sure bitcoin will bounce back and start to climb again maybe stronger hands will benefits in the end of the road.

[gribble]

Chinese bitcoin exchanges Huobi and OKCoin – two of the country's "Big Three" markets – have announced that they will halt yuan-denominated trading by the end of October.
The twin statements indicate that, at least for now, the exchanges will continue to offer cryptocurrency-to-cryptocurrency trading services. That said, both exchanges are halting yuan deposits starting today.
According to Huobi and OKCoin, definitive information about the trading suspension will be circulated to users before September 30. More significantly, the exchanges will undertake a "gradual" process of unwinding its yuan-denominated markets, with an eye to complete that process by October 31.
That is why the of bitcoins rebounce about $500 in one minutes, be ready to goes down on the october.

we really cant assure now maybe things will be more brighter if another country will showed their support and this issue about china will be forgotten
for sure bitcoin will bounce back and start to climb again maybe stronger hands will benefits in the end of the road.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
A leaked document on social media, backed up by statements from exchange executives, indicates that the closure of China’s cryptocurrency exchanges is imminent.

Although official confirmation has not yet been issued, the document – authored by a financial risk committee – gives local cryptocurrency exchanges until midnight today (Beijing time) to issue closure notices.

Perhaps a more worrying development is the requirement set out in the document that the exchanges need to submit user trading and holding data to the authorities.

Two of China’s leading cryptocurrency exchanges – BTCC and ViaBTC – pre-empted an official move by announcing the closure of their China-facing activities earlier this week. According to insider comment, it is likely that we will see further announcements from exchanges over the next few hours.

[asus09]

this has happened. and this end becomes a pretty hard decline. china is the one behind this all.
kemirinan happens almost 30%.
quite anxious, a playful drama. eventually bitcoin rose again today.

[stupid_seb]

Chinese bitcoin exchanges Huobi and OKCoin – two of the country's "Big Three" markets – have announced that they will halt yuan-denominated trading by the end of October.
The twin statements indicate that, at least for now, the exchanges will continue to offer cryptocurrency-to-cryptocurrency trading services. That said, both exchanges are halting yuan deposits starting today.
According to Huobi and OKCoin, definitive information about the trading suspension will be circulated to users before September 30. More significantly, the exchanges will undertake a "gradual" process of unwinding its yuan-denominated markets, with an eye to complete that process by October 31.
That is why the of bitcoins rebounce about $500 in one minutes, be ready to goes down on the october.

we really cant assure now maybe things will be more brighter if another country will showed their support and this issue about china will be forgotten
for sure bitcoin will bounce back and start to climb again maybe stronger hands will benefits in the end of the road.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
A leaked document on social media, backed up by statements from exchange executives, indicates that the closure of China’s cryptocurrency exchanges is imminent.

Although official confirmation has not yet been issued, the document – authored by a financial risk committee – gives local cryptocurrency exchanges until midnight today (Beijing time) to issue closure notices.

Perhaps a more worrying development is the requirement set out in the document that the exchanges need to submit user trading and holding data to the authorities.

Two of China’s leading cryptocurrency exchanges – BTCC and ViaBTC – pre-empted an official move by announcing the closure of their China-facing activities earlier this week. According to insider comment, it is likely that we will see further announcements from exchanges over the next few hours.

I agree.

Current raise is a fake pump. Hopeless holders celebrating a self-decided action from China exchanges.
The gvt will give the real official decision.

More blood tonight. I'll do another set of USDT / BTC, like every night


EDIT: after consideration, I decided to take more time before deciding if I should play a possible DIP tonight...

[gajebo]

This is all because of China. news that is mazy and supported jp morgan.
very heart-wrenching when bitcoin falls every hour. anxiety occurs and so many people panic. and this I also feel.

[umar25494]

I think BTC will go up ultimately.It went to 3000 but quickly went back up to 3800 within an hour.

[pikebu]

I think BTC will go up ultimately.It went to 3000 but quickly went back up to 3800 within an hour.

Yes this fluctuation of price due to rumors from China and other bad news about bitcoins, however the rumors from China is still not over is like this China’s Bitcoin Exchange Need to Stop Trading Virtual Currencies Amid Crackdown https://t.co/wMBOmIqND3 and you know the trend of price is going down for couples weeks later. We must anticipate for next fluctuating of price due to rumors, so make sure we have made management of money and risk before entry the market.

[gribble]

Chinese bitcoin exchanges Huobi and OKCoin – two of the country's "Big Three" markets – have announced that they will halt yuan-denominated trading by the end of October.
The twin statements indicate that, at least for now, the exchanges will continue to offer cryptocurrency-to-cryptocurrency trading services. That said, both exchanges are halting yuan deposits starting today.
According to Huobi and OKCoin, definitive information about the trading suspension will be circulated to users before September 30. More significantly, the exchanges will undertake a "gradual" process of unwinding its yuan-denominated markets, with an eye to complete that process by October 31.
That is why the of bitcoins rebounce about $500 in one minutes, be ready to goes down on the october.

we really cant assure now maybe things will be more brighter if another country will showed their support and this issue about china will be forgotten
for sure bitcoin will bounce back and start to climb again maybe stronger hands will benefits in the end of the road.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
A leaked document on social media, backed up by statements from exchange executives, indicates that the closure of China’s cryptocurrency exchanges is imminent.

Although official confirmation has not yet been issued, the document – authored by a financial risk committee – gives local cryptocurrency exchanges until midnight today (Beijing time) to issue closure notices.

Perhaps a more worrying development is the requirement set out in the document that the exchanges need to submit user trading and holding data to the authorities.

Two of China’s leading cryptocurrency exchanges – BTCC and ViaBTC – pre-empted an official move by announcing the closure of their China-facing activities earlier this week. According to insider comment, it is likely that we will see further announcements from exchanges over the next few hours.

I agree.

Current raise is a fake pump. Hopeless holders celebrating a self-decided action from China exchanges.
The gvt will give the real official decision.

More blood tonight. I'll do another set of USDT / BTC, like every night


EDIT: after consideration, I decided to take more time before deciding if I should play a possible DIP tonight...

The main trend of price bitcoins is still bearish, although today is increasing but on the candle chart daily is down trend, you can check on here https://cryptowat.ch/kraken/btcusd/1d because all of the markets of Chinese still not be closed by Chinese government, the condition of bitcoin's price will be like this until one month later, after all of Chinese markets be closed the trend of bitcoins price will change.

[barbara44]

Giving false alarm will only work for a few times.
And the response they get from the market is getting weaker every time.
I am wondering if the market can grow so resistant against bad news from China, that even in a real case it would not react with panic on it anymore.

That is true. People are now getting used to such stunts. Every next day, we get new breaking news from the Chinese government and there will be a day when people will turn a deaf ear to their decisions. China must at least decrease the rate at which it gives shocks to the market.

[Manuj]

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 is china playing their game. Some cheap moves all the time coming from this cheap country with a very big national economy. But the bigger bitcoin holders are not coming from china. This is china against the world. So no need to keep following the actions of this china shit.