Be ready for more rumors and fud from China

[Catmony]

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.

Chinese traders still holds 30% of the total bitcoin trading volume so definitely every chinese news will affect the market.
Just heard that china have now officially announced the closure of bitcoin trading platform but market is actually reacting positively on this bad news, looks like another bull trap is here so that whales can make safe exit.

[Zalfa_mui]

that's the weakness of the trader ,, hearing fake news directly panicked,
and sell their bitcoin, that's why bitcoin the price is down,
already often we are played like this ,, and funny we always get stuck

[Paycoinzzz]

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

You also know the reason make whales create FUD on the market.
If traders and investors do not loss in their trap, they cannot create more FUD for help us and them earn profit at here.
Therefore, I think do not need to feel regret for loser, we are playing game and everything is fair.

[dothebeats]

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.

And apparently it's not the traders outside China who caused the drop but the Chinese traders alone.

We all know how China plays its games, and most traders know this. Besides, even if China has to go off of the scene, large volume of trades still come from Japan, India and South Korea, China being the last out of the 4. Also it's not China alone. One of the largest banks' CEO released a negative statement about bitcoin, which also sent some weak hands selling their precious coins. The market is no longer controlled by Chinese traders and it has been diversified ever since other countries entered the scene.

[BITMIXCOIN.IO]

That's funny, china banning exchanges and japan opening new one. New blood is coming into the crypto and china will understand they are no longer control the market as they did before.

[Juggy777]

China has been jealous of Bitcoins popularity and it was evident earlier in the year, when they tried to take down exchanges, we all remember what happened back then, prices went down and suddenly came back up. Now that Japan is into Bitcoin and is taking a bigger share of Bitcoin, China can't stand it, but they have cut their golden goose, I am very happy that China is done with bitcoin, people who wanted to break Bitcoin price succeed and that jp Morgan ceo, karma shall get back to him. Now the prices are up and running, stay strong Bitcoin.

[zeze18]

This is a good start for bitcoin development so as not to be influenced by big players in one country and we hope to grow other countries that follow the footprint of Japan, and the emergence of big players in bitcoin from different countries is certainly a positive signal for the development of bitcoin in the future .

[doedz]

That's funny, china banning exchanges and japan opening new one. New blood is coming into the crypto and china will understand they are no longer control the market as they did before.

Haha China tried to manipulate the price, and they failed.
Embarrassing.

Goodbye China

[TravelMug]

This is a good start for bitcoin development so as not to be influenced by big players in one country and we hope to grow other countries that follow the footprint of Japan, and the emergence of big players in bitcoin from different countries is certainly a positive signal for the development of bitcoin in the future .

Japan should be the leader now, step aside China. They have already embraced bitcoin and they are all crazy and going nuts everything about bitcoin. With the void that China has left, I'm sure that in the coming years, another country would take over so that bitcoin cannot be stopped. Actually it can't be stop, however the news coming from China cut the bitcoin market, although the recovery process had begun pushing the price to $4000. Let hope its gonna be sustainable though.

[igor245891]

they all knew the hype to buy cheaper, now will be a good growth

[alva5763]

Perhaps in a way it is good that no single country controls such a large percentage. New investors inti bitcoin could stabilise,or even increase,price.

[Lieldoryn]

Gossip is always aimed at those who are willing to believe in them. It seems to me that many users are very careless with bitcoin. Crypto currency is a brand new economy. If you believe that you will get a sea of new possibilities. If you don't believe then you'll just stay behind.

[gribble]

Beijing Sets Deadlines for Bitcoin Exchanges – Customers to Withdraw Funds Quickly
Beijing has ordered all affected bitcoin exchanges to post a notice of their closure by midnight on Friday. Now, the exchanges are urging customers to withdraw their funds as regulators have also set a deadline for them to come up with plans to allow withdrawals “in a risk-free manner.”  https://t.co/3Ffqr8cB3I

[stupid_seb]

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.

Chinese traders still holds 30% of the total bitcoin trading volume so definitely every chinese news will affect the market.
Just heard that china have now officially announced the closure of bitcoin trading platform but market is actually reacting positively on this bad news, looks like another bull trap is here so that whales can make safe exit.

China represents 7% of the bitcoin trading now

Guess who is 1st?

[yojodojo21]

There Are So many Rumors about this thing.

What i want to know is what will they get if they spread those Fuds?

Will they be famous or what or let's just say they just want attention,

And the effect of this, those bitcoin user who are not yet knowledgeable about crypto currency
 will be scared, and also spread bad news.

Such People Who Doesn't Deserve a Response to others.

[Konthol Ngaceng]

Bitcoin is a decentralized system, of course anything we should be ready for it, for example is rumors banned in various countries, I think this is not much impact as long as user and community bitcoin stronger.

[pugman]

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.

Obviously, that's one of the ways on how investors influence the market, they spread FUDs and people are stupid enough to believe them because, people think that investors have enough experience to know how a market functions and they should believe in it also because of media spreading the news.  So like it or not the prices will crash yet again and we can only try advising people, as we cannot force anyone as per our terms.

[CraigWrightBTC]

There is a good article about bitcoin What Will Happen When Major Chinese Bitcoin Exchanges Close Down by End of October? I hope it will give us as comunity of bitcoin, good understanding, fast information about the bitcoin on the Chinese people, so we can make good desicions before making more money be invested in bitcoin.  https://t.co/ncT94KIonp

[endlasuresh]

They said a week ago for closing down by sep 30th and now you are saying by October end. I dont't think China will close down their all exchanges, however it all looks like fake news from fake people on the Internet.

[barhavsky]

Yeah ready for more rumors and bitcoin prices will go down but bitcoin prices will always rise again as it is now.