Be ready for more rumors and fud from China

[Reid]

Will it really happen again? They have already profited a lot from that fall.
I am thinking of whales doing this just so they could make a lot of profit. $1k up for every bitcoin they sold and then buying again at $2800. They really did it like it was nothing. It happened so fast that it was like scripted.

[carriebee]

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

There is always rumors and fudders exists about bitcoin and I'm ready wherever it will takes. But my investment with bitcoin is as is. Yes bitcoin prices may go down and may increase but I am for sure bitcoin will skyrocket.

[hatshepsut93]

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.

Chinese traders got burnt? I think it's quite the opposite, they were the first to get info about upcoming announcement regarding exchanges, so they shorted Bitcoin while it was at $4,500. Panic sellers below $4,000 are the ones who lost money, especially those who sold at the dip - and I'm sure it wasn't the Chinese, as they are not new to this kind of manipulation. But it will be harder to repeat it in the future, since people are learning their lessons and understand that hodling is much better strategy than panicking.

[Shamie1002]

Rumors are rumors. Rumors runs fast. It really becomes a headache for other users. Even if these are just rumors, we can not stop how it affects the prices of bitcoin. Burden for some who invested when prices are high.

[Barcode_]

China is not planning to ban bitcoin in the long run, it is just temporary, I think the Chinese government officials are just trying to find a better way to regulate bitcoin exchanges that operates in China, the main reason is the tax revenue generate from all the bitcoin exchanges that will benefit them, so it will be better to hold your bitcoins for now despite the price drop.

[ihsanskanzaone]

I think china deliberately exhaling the news that uncertain news china can not
necessarily stop the circulation of bitcoin because the community has many who
use transactions using bitcoin therefore bitcoin will always be in use there

[Barbut]

I think china deliberately exhaling the news that uncertain news china can not
necessarily stop the circulation of bitcoin because the community has many who
use transactions using bitcoin therefore bitcoin will always be in use there

You are right, they deliberately are doing that, who knows what is their long term strategy with bitcoin/blockchain. Little before this situation if you remember NEO coin was promoted like new China ETH, now China is banning icos, and maybe bitcoin exchange sites.
I think too that bitcoin will be used there no matter what happen. Chinese government is one, people there are something else, and they will fight
their way trough this troubled times. I`m ready for more rumors not just from China, I`m ready for that from many other countries and banking sectors.

[CraigWrightBTC]

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

Yes, there is good news John McAfee Claims China Won’t Shut Down Bitcoin Mining Farms https://t.co/I4pAeQOw0W
The current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard.

[Calangaman]

China made a dear mistake for its crypto industry and thanks god we are now over with them.

In January, China blocks coin withdrawals on local exchanges.
In June, withdrawals are permitted again.
In September, they ban ICOs and close down exchanges.

It shows that the government is completely lost when it comes to bitcoin policies.

While the ban on ICO was understandable due to huge speculation from small investors.
The shutdown of exchanges may be explained as they are afraid of capital outflows from the country.
Actually there are no outflows as CNY remains in the country but I guess they just don't get it.

[carlisle1]

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

Yes, there is good news John McAfee Claims China Won’t Shut Down Bitcoin Mining Farms https://t.co/I4pAeQOw0W
The current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard.

well if that's true its really china wants to have more btc from their hands and spreading news to make people to shake and panic allowing them to
buy more from their earnings with their mining service, we cant avoid people to make their moves while seeing news around and see the value
fell down.

[dreamer81]

china? why do you mention china? Be ready for more fud from the entire world I would say! The rest of the world are begining to open their eyes to bitcoin, and wants to shut it down!

[CraigWrightBTC]

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

Yes, there is good news John McAfee Claims China Won’t Shut Down Bitcoin Mining Farms https://t.co/I4pAeQOw0W
The current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard.

well if that's true its really china wants to have more btc from their hands and spreading news to make people to shake and panic allowing them to
buy more from their earnings with their mining service, we cant avoid people to make their moves while seeing news around and see the value
fell down.

There are no one know about it, but will be many rumors from China talking about the bitcoin, in this situation too much opinions than the fact, Over the past week, many traders, analysts, and investors in the finance and cryptocurrency sectors have reacted to the crackdown on bitcoin by the Chinese government positively. The true fact will show up until october end today is still uncontrol situation include many news from media.

[Beparanf]

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

Yes, there is good news John McAfee Claims China Won’t Shut Down Bitcoin Mining Farms https://t.co/I4pAeQOw0W
The current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard.

well if that's true its really china wants to have more btc from their hands and spreading news to make people to shake and panic allowing them to
buy more from their earnings with their mining service, we cant avoid people to make their moves while seeing news around and see the value
fell down.

There are no one know about it, but will be many rumors from China talking about the bitcoin, in this situation too much opinions than the fact, Over the past week, many traders, analysts, and investors in the finance and cryptocurrency sectors have reacted to the crackdown on bitcoin by the Chinese government positively. The true fact will show up until october end today is still uncontrol situation include many news from media.

Since there is a huge impact that happened when dump and were all over the net and tv last week due to the China banning there will be a lot of FuD that we can really expect until btc goes back to high.

[paolo099]

so are we going to see another price drop of bitcoin? if so that's good

[Lampaster]

so are we going to see another price drop of bitcoin? if so that's good

What good is it? The value of any currency is its stability. Such a roller coaster ride only benefit the whales. You're a whale? I doubt it. When you buy at a low price bitcoin this means that someone in this moment lost their money. Then this someone will be you.

[evilgreed]

          I have always encountered those kind of issues even before i started using bitcoin, before i thought that it was the end of his era and it wont succeed and go further, but as i have read some articles about bitcoin and the current situation before, i have realized that those news and rumors are nothing but fake to make people panic while some were just waiting for the moment to buy from low price.

[paolo099]

so are we going to see another price drop of bitcoin? if so that's good

What good is it? The value of any currency is its stability. Such a roller coaster ride only benefit the whales. You're a whale? I doubt it. When you buy at a low price bitcoin this means that someone in this moment lost their money. Then this someone will be you.

i am not a whale, definitely not, but you can say the same for any non virtual currency even for gold; it's your problem if you are trading, you accepted the risk as soon as you deposited your money.
Yes, i totally agree with you about the last part, if i have invested in this currency to trade, i have accepted the risks

[wurth]

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

Yes, there is good news John McAfee Claims China Won’t Shut Down Bitcoin Mining Farms https://t.co/I4pAeQOw0W
The current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard.

well if that's true its really china wants to have more btc from their hands and spreading news to make people to shake and panic allowing them to
buy more from their earnings with their mining service, we cant avoid people to make their moves while seeing news around and see the value
fell down.

There are no one know about it, but will be many rumors from China talking about the bitcoin, in this situation too much opinions than the fact, Over the past week, many traders, analysts, and investors in the finance and cryptocurrency sectors have reacted to the crackdown on bitcoin by the Chinese government positively. The true fact will show up until october end today is still uncontrol situation include many news from media.

Since there is a huge impact that happened when dump and were all over the net and tv last week due to the China banning there will be a lot of FuD that we can really expect until btc goes back to high.

FUD from China + the word from the CEO of JP Morgan are reason made the price of Bitcoin crashed to $2,900 - bottom price from August till today. But honestly, I love that , if they do not create that FUD, I did not have chance to buy Bitcoin in bottom price and take a good profit in short time

[BurstIncomeAsset]

The players that can manipulate the market in such scale surely knew with antecedence the new Chinese Bitcoin "ban" and already profited a lot. They may spread more FUD to earn more, but not because they lost. Only smaller players lost money on this to enrich whales that don't need more money at all.

The house and the whales always win, no matter what

[bamboylee]

Will it really happen again? They have already profited a lot from that fall.
I am thinking of whales doing this just so they could make a lot of profit. $1k up for every bitcoin they sold and then buying again at $2800. They really did it like it was nothing. It happened so fast that it was like scripted.

As long as there are still newbies who fall to their FUD attacks, it will still happen. It is a very profitable activity to the whales and to those who knows what they are doing during FUD. So next time you see FUD attacks you know what to do. It is either short or hodl and buy more when the price drops.