Chinese ban bitcoin news is 100% pure bullshit

[BrewMaster]

all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...

[1715606371]

1715606371

[TryNinja]

It's indeed fake news. The weak hands got tricked one more time... More:

"Okcoin and Huobi PRs said they haven't received such notices and are still in operation as of now"
https://twitter.com/luluyilun/status/906163511658557440
1. Open an enormous $BTC short
2. Bribe some underpaid reporter to spread fake news about China banning #Bitcoin (again)
3. ????
4. Profit

https://twitter.com/cryptoSqueeze/status/906184599671250944

[XinXan]

I mean you can take advantage just as much as them but it's still pretty stupid to be gone for 1 minute and comeback to see bitcoin price dropping 100$ every minute. I'm sure when coinbase gives their BCH to people, everyone will dump it and BTC's price will boost up. Anyways, just keep calm.

[7daystodie]

I mean you can take advantage just as much as them but it's still pretty stupid to be gone for 1 minute and comeback to see bitcoin price dropping 100$ every minute. I'm sure when coinbase gives their BCH to people, everyone will dump it and BTC's price will boost up. Anyways, just keep calm.

Some people can not remain calm. I saw half an hour ago a lot of panic selling. To me it is ridiculous from it. Why do not people trust bitcoin? After all, he gives them a good profit.
I consider this news - speculation. It can not be realized, but it has had a very strong (but short-term) impact on the whole market

[BrewMaster]

I mean you can take advantage just as much as them but it's still pretty stupid to be gone for 1 minute and comeback to see bitcoin price dropping 100$ every minute.

price went down about $400 which is ~8% that is not at all big. and $220 of it is already recovered!
and that is bitcoin, volatile like this. it won't change for some time but it slowly becomes less volatile. the same news 2-3 years ago would have meant 30% drop at least.

I'm sure when coinbase gives their BCH to people, everyone will dump it and BTC's price will boost up. Anyways, just keep calm.

i don't think so because if people want to sell BCH for BTC then they do it directly. meaning they sell BCH for BTC and that doesn't change bitcoin price. it is like saying people sold dogecoin for bitcoin!

[cashodler]

People had been saying bullshit over ICOs ban too. And guess what, it happened! And they had the arguments (China wants the money out of crypto business, etc).

You can't be sure...

Yes... they might ban it for now, till they regulate it, like ICOs.

[TrumpD]

There is too much FUD coming out of China these days,  because of the ban on ICOs. China is huge for bitcoin and mining, and I doubt they will ban bitcoin news and updates outright. I see the price taking a hit due to fake news.

[Kalamsid]

I mean you can take advantage just as much as them but it's still pretty stupid to be gone for 1 minute and comeback to see bitcoin price dropping 100$ every minute. I'm sure when coinbase gives their BCH to people, everyone will dump it and BTC's price will boost up. Anyways, just keep calm.

That is right. But without the Chinese people speculating the bitcoin, the price could be more stable.

[XinXan]

I mean you can take advantage just as much as them but it's still pretty stupid to be gone for 1 minute and comeback to see bitcoin price dropping 100$ every minute.

price went down about $400 which is ~8% that is not at all big. and $220 of it is already recovered!
and that is bitcoin, volatile like this. it won't change for some time but it slowly becomes less volatile. the same news 2-3 years ago would have meant 30% drop at least.

I'm sure when coinbase gives their BCH to people, everyone will dump it and BTC's price will boost up. Anyways, just keep calm.

i don't think so because if people want to sell BCH for BTC then they do it directly. meaning they sell BCH for BTC and that doesn't change bitcoin price. it is like saying people sold dogecoin for bitcoin!

Well to be fair, I don't think is really getting less volatile. From 2000$ to almost 5k in 2 months is still pretty volatile. Is just the price is so high now that 100$ is not a big % but still 400$ can mean losing a ton of money in a very short amount of time. I mean I'm not complaining, that's bitcoin if you want to be a day trader. You can hold forever and end up winning anyways.

[BitMaxz]

all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...

I thought it is a real news well there are many people are sold their bitcoin and now i think they are regretting for those who are sold their bitcoin below $4,300 mine i just thinking that better to hold bitcoin because i was late to know about the banning bitcoin and ICO that bitcoin was falling huge price from the past few days.
Many people right now are relaying in news and hope they learn right now and they know its a part of whales strategy just to buy a low price of bitcoin...

[Vishnu.Reang]

A bunch of intelligent traders have shorted their coins and reaped massive profit by unleashing a tsunami of fake information about the Chinese exchange ban. The same thing happened in 2013 December, If I remember correctly.

[No.14]

all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...

Yes, there is not anything abnormal in China, all the messages that are detrimental to the entire market are just fabricated, and it has caused some damage.

[cashodler]

all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...

Yes, there is not anything abnormal in China, all the messages that are detrimental to the entire market are just fabricated, and it has caused some damage.

ViaBTC CEO and SEC news are fabricated? They would discredit themselves...

[gentlemand]

https://docs.google.com/document/d/1sNYGpwj3EKkRhlejoycytZLq1OpFpl0bqOtCev0HexY/edit

Well, according to that a full on ban is the plan, and that's a reputable news source. As ever though it'll probably be lost in a fug of doublespeak.

[cashodler]

SELL now or regret later...

Too many new articles arising hour after hour... and already one bitcoin exchange CEO CONFIRMED the BAN (ViaBTC CEO on twitter).

Also bitcoin and all crypto is selling with a great discount on all chinese exchanges... you can buy Bitcoin with $500 discount there. You think that all Chinese are stupid and just irrational?

[BitHodler]

It's insane how this market still falls for China trap news. It shows that despite the major growth we have gone through, some things still haven't changed, and that's quite sad to be honest.

It means that in that aspect the market hasn't been maturing at all ~ the Chinese market went down with like $800/$900 in a matter of minutes, talking about a massively over exaggerated reaction.....

I am at least glad that the western market hasn't let itself go like China did ~ it would be a sad thing that everything we built up till now goes to waste because of fake news.

[Idrisu]

The wales use this to create panic and so that the amatuar trader will sell off they bitcoin cheap to them. Bitcoin cannot be banned by any government as this will lead to black-market bum that will result the coins fell into the hands of evil men. I seriously think this manipulations happened as the part of plans by the Wales to fool others with the intention of making profit.

[megashira1]

Hypothetically lets say the news was true. What is the price floor? $3600?

[BitMaxz]

SELL now or regret later...

Too many new articles arising hour after hour... and already one bitcoin exchange CEO CONFIRMED the BAN (ViaBTC CEO on twitter).

Also bitcoin and all crypto is selling with a great discount on all chinese exchanges... you can buy Bitcoin with $500 discount there. You think that all Chinese are stupid and just irrational?

What exchange site you are talking about that can gives you a $500 discount let me know looks interesting and hope it is not a scam.
As i can seen the price right now decreased but i was confused well let see if the price can be decrease more..

As i can notice this is another way of whales just like before that giving a fake news.
But for now its really confused if its banning in china and it still alive in other country well i think its not a good idea also other country will be affected..
Well lets see what will happen in few days ..
I just still keep holding rather than selling my bitcoin without any proof of banning or real source if where did you get that news.

[gentlemand]

Hypothetically lets say the news was true. What is the price floor? $3600?

It's managed a several hundred dollar fall without any confirmation from the big exchanges. If it is true then it'll go lower than that, but equally it's possible that the Chinese price would decouple from everywhere else even more. Was it not sub $3500 at some point today in China anyway?