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Author Topic: News said that China will close local exchanges  (Read 1285 times)
wendelllee (OP)
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September 08, 2017, 03:38:46 PM
Last edit: September 14, 2017, 01:47:10 PM by wendelllee
 #1

A lot of news came up today. I hope it's fake news but it seems not.
http://www.zerohedge.com/news/2017-09-08/bitcoin-crashes-massive-volume-china-plans-shut-local-exchanges

9/14
BTCChina will close exchange after Aug30.
https://www.btcchina.com/
aoluain
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September 08, 2017, 03:50:48 PM
 #2

I just skimmed over the report linked above and I
think this is actually about the banning of the ICO's
but re-headlined to mention BITCOIN which will
actually affect the price S H O R T  T E R M

KEEP CALM PEOPLE, DONT PANIC


R


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SavvyOli
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September 08, 2017, 03:51:05 PM
 #3

oh no sea of red here we go
carlisle1
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September 08, 2017, 04:04:40 PM
 #4

another thread about china's moves against crypto currency I think more will come, news after news and weak holders will be eaten alive because of this
issue I'm sure those opportunist will take advantage and place a good buy walls for their supported project, play wisely guys.
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September 08, 2017, 04:08:30 PM
 #5

All ready being announced as fake news by some outlets.

http://www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/
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September 08, 2017, 04:12:22 PM
 #6

Zero Hedge is pretty unreliable source.  They tend to go for clickbait drama and hyperbole instead of accurate reporting.  I'd want to see it from another source.
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September 08, 2017, 04:13:15 PM
 #7

No names mentioned, no links to official sites, no links to serious news papers no evidence, no source mentioned... smells like fake news.....

wendelllee (OP)
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September 08, 2017, 04:18:48 PM
 #8

Some famous local media in Chinese also issued the same news, such as sina, ifeng, and wallstreetcn.
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September 08, 2017, 04:35:15 PM
 #9

I hope that the information about the closure of local exchanges in China is false. In addition, no information about the reasons for such an act. The infor- tion is either untrue to sow panic in the face of the ICO situation in China, or it is greatly exaggerated. The Chinese government does not intend to step on the crypto currency and fight it. It has always been loyal to her and supported her. Here something else.

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September 10, 2017, 06:23:34 AM
 #10

Some famous local media in Chinese also issued the same news, such as sina, ifeng, and wallstreetcn.

Yes, I think the official announcement will be released next Monday, since this information has made the Chinese market panic and some red curves a few hours ago, but I think there will be new hope again.

                                 
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September 10, 2017, 06:28:04 AM
 #11

I believe there is a high chance that the Chinese exchanges will be temporarily closed.

Investors should not forget that Japan is the only country with a clear legal framework for digital currencies...
Monacoin should be in every portfolio as a hedge.
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September 10, 2017, 08:24:11 AM
 #12

This is typical of PBOC, "leak" the news right before weekend so it can be absorbed before the big announcement on Monday. Although the rumor is that they are going to ban Crypto-Fiat trading not Crypto-Crypto trading. We will see.
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September 10, 2017, 08:37:32 AM
 #13

I hope it's not true because China is a very big market with a huge share of crypto-fiat trading. This would affect the whole crypto capitalization for sure.
The Chinese authorities seem to be complete control freaks, trying to ban anything they can't tightly control. It's definitely not good for people living in China.

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September 10, 2017, 08:39:53 AM
 #14


Only a few of them are real, most of them fake news that has made the market unstable recently.

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September 10, 2017, 08:46:21 AM
 #15


Only a few of them are real, most of them fake news that has made the market unstable recently.

I have checked the new carefully and asked for my Chinese for help, they told me most of them were fake news since there was no official announcement about that, but we can check that on tomorrow.


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September 10, 2017, 08:48:28 AM
 #16

Just misinterpretation of text used to cause FUD.

Nothing to worry about
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September 10, 2017, 08:54:31 AM
 #17

Its all fud. We've been through this before all it does is bring the prices down for a month until everything shoots right back up to normal again.

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September 10, 2017, 08:59:41 AM
 #18


if they close local exchange then there will be some effect on Bitcoin and Altcoins
Hope this new should be fake

Thanks
Regards
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September 10, 2017, 09:28:23 AM
 #19

IMO, these fake news websites should be closed instead.  Embarrassed

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September 10, 2017, 09:36:48 AM
 #20


if they close local exchange then there will be some effect on Bitcoin and Altcoins
Hope this new should be fake

Thanks
Regards

It will be some effects in publish moment. Now this effect will be leveled because most people are ready to this. Decentralization is basis of this.
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