FAKE CHINESE NEWS, DO NOT SELL FROM FEAR, HODL TO THE MOON

[x_Pulsar_x]

https://www.reddit.com/r/BitcoinMarkets/comments/6yv7ux/bitcoin_crash_of_8_september_due_to_fake_chinese/

http://webcache.googleusercontent.com/search?client=safari&rls=en&q=cache:www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/&ie=UTF-8&oe=UTF-8&gws_rd=cr&dcr=0&ei=hLuyWbuoKsSJ8wXRurqICA

[mobnepal]

Chinese are known for creating fud just after a good bull trend on whole crypto market and most of the time they also got success like today.
Crypto market is full of panic sellers and the one who is quite wise will just keep on making profit from every dip in price.

[25hashcoin]

People should sell their Segwit coins anyway. This bubble is popping. Buy Bitcoin Cash.

[Rinaze]

FUD is everywhere anytime so I would say willing seller and willing buyer

I was still wondering what caused the mini crash today earlier on. This is still nothing as compared to 2-3 months back!

[ivrynx]

Thank you for thus clarification, i've been reading the other threads, i think the hinese are just making a scare to cause panic for bitcoiners, we all knkw that media can influence a lot of people since they are available all around, but this type of news is what they want, thus can cause controversy and a lot will read it, and that' s how they earn, if only they could be honest about what they are feeding the masses. As for us, who are not in china, if they sold their bitcoins,it only means we can buy it cheap. We really need to make a sound research whenever news like this starts fire.

[x_Pulsar_x]

My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.

[flippener]

My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.

You haven't lost a cent unless you sell. Keep calm and hodl.

[asdalani]

My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.

You haven't lost a cent unless you sell. Keep calm and hodl.

The old rule of Bitcoin is that if you have one Bitcoin then you have one Bitcoin. Even if the price of a single Bitcoin is worth $323,244.00 you would still have One Bitcoin, the same would go if a single Bitcoin was worth $0.01.
Selling the coin right now would just be falling into the rich people’s trap and they know that they can only get a few people to do what they say. Bitcoin is not going to be finished because of the recent news of China making rules and whatever people are saying that they are doing. Storing the coin is the smart thing to do right now.

[xdev]

My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.

You haven't lost a cent unless you sell. Keep calm and hodl.

What was your initial plan with the purchase? If your plan was to HODL for a long time then you shouldn't sell off based on rumours.

But of course, you also have to understand that cryptocurrencys are extremely volatile. Can you take a loss? If so, then keep it until the price recovers, which it always will, especially with Bitcoin

[x_Pulsar_x]

My plan is to HODL yes, it's just very frustrating seeing that I invested at the right time (as we were on a steady recovery after the $5k dip) from 4.6k up to 4.7k and then the chinese came along and starting chatting shit about ICO regulations (which I am aware does not include BTC, although many think it does hence the panic sell) and then just as we recover back to 4.6k testing 4.7k again they come out and start saying they're going to shut down all exchanges. It's just saddening to see the political class trying to manipulate the markets for their own gain, it's obvious they're just doing it to make people panic sell and then buy back in cheaper. Thankfully, the price seems to have stabilised now around the 4.3k mark, touchwood. I love the community of BTC and the passion of it's owners, as well as the fact the currency itself is not controlled by banks or centralised institutions. I want to sell out when I break even, wait for the next crash (which will happen) and then buy back in with more capital (around $10k). If Bitcoin doesn't crash again, there's plenty of altcoins for profit potential; so I think I'm doing a smart thing here, any comments?

[Ljanesanti]

Eventually after releasing this news I had the gut feeling that this is just more of a propaganda so that newbies or lets say the non veterens would panicked sell their bitcoins or holdings. This was never new in exchange business like stock market as well. Feud will be lit up and from there big tycoons will take the opportunity to surface and buy. Chaos indeed is not a pit, it is a ladder.

[Getmon]

Chinese are known for creating fud just after a good bull trend on whole crypto market and most of the time they also got success like today.
Crypto market is full of panic sellers and the one who is quite wise will just keep on making profit from every dip in price.

Panic selling is very common especially to newbies and beginners. I did just that when I was a beginner as well. In fact, last July before the SegWit2x that started to be implemented on August 1, when bitcoin went as low as $2900, I was really afraid that it would be a free fall until who knows what value. I was dumbfounded after that, seeing bitcoin go back reaching beyond $3000 very quickly.

[RamBahadur.Gurung]

People should sell their Segwit coins anyway. This bubble is popping. Buy Bitcoin Cash.

I am looking at the exchange rates for the past 24 hours. Bitcoin has dropped by 10% and Bitcoin Cash has dropped by 13%. If BCH is so much better, then why it is dropping even more than Bitcoin? All the coins are going down. The Bitcoin exchange rates in some of the Chinese exchanges have hit as low as $3,600. Reminds me of the crash in 2013 December.

[entrepmind23]

Eventually after releasing this news I had the gut feeling that this is just more of a propaganda so that newbies or lets say the non veterens would panicked sell their bitcoins or holdings. This was never new in exchange business like stock market as well. Feud will be lit up and from there big tycoons will take the opportunity to surface and buy. Chaos indeed is not a pit, it is a ladder.

They are spreading fake news so that those who just enter the crypto world would panic and sell at a lower price giving them the whales the opportunity to buy lower. Of course with the recent news of banning the ICOs and the price went down in just a short period of time and then just recovering from the fall and then another bad news would make the people who are still recovering from the previous fall worried and then panic sell because they are afraid bitcoin would continue to fall down. Those veteran may also sell but would take the opportunity to buy lower because they knew that it happen many times in the past and market will recover sooner or later.

Most of the newbies would either hold or just sell their bitcoin and then depending on their risk appetite whether they would buy again on the dip or if their risk appetite is really low then would decide its not for them and totally leave crypto trading. I am still a newbie as well and I panic sell before but learned my lesson so I did not budge when the price went down because I believe it will go back up again. What I am aiming for is long term and not short term.

[johnwest]

It got to do something with BitcoinCash. My speculation is that Chinese want to pump BCC more and more, in order to do that they try to put fear in BTC holders and panic sellers. I dont think its gonna work with everyone because nowadays people prefer to hold even if the price dips 25%.

[Affilate User]

https://www.reddit.com/r/BitcoinMarkets/comments/6yv7ux/bitcoin_crash_of_8_september_due_to_fake_chinese/

http://webcache.googleusercontent.com/search?client=safari&rls=en&q=cache:www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/&ie=UTF-8&oe=UTF-8&gws_rd=cr&dcr=0&ei=hLuyWbuoKsSJ8wXRurqICA

Maybe they want to buy again at a cheap price, and want to cut as much as possible digital assets, do not be too easy to trust the media

[cpfreeplz]

My plan is to HODL yes, it's just very frustrating seeing that I invested at the right time (as we were on a steady recovery after the $5k dip) from 4.6k up to 4.7k and then the chinese came along and starting chatting shit about ICO regulations (which I am aware does not include BTC, although many think it does hence the panic sell) and then just as we recover back to 4.6k testing 4.7k again they come out and start saying they're going to shut down all exchanges. It's just saddening to see the political class trying to manipulate the markets for their own gain, it's obvious they're just doing it to make people panic sell and then buy back in cheaper. Thankfully, the price seems to have stabilised now around the 4.3k mark, touchwood. I love the community of BTC and the passion of it's owners, as well as the fact the currency itself is not controlled by banks or centralised institutions. I want to sell out when I break even, wait for the next crash (which will happen) and then buy back in with more capital (around $10k). If Bitcoin doesn't crash again, there's plenty of altcoins for profit potential; so I think I'm doing a smart thing here, any comments?

Yeah it sucks when you made a good buy then idiots come and crap all over it. I'd stay at least partly in bitcoins if you're thinking about alts because they usually follow the price of bitcoins.

[klf]

My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.

Don't sell your coins unless you need that money so urgently and you don't have any other options. Because functions in cryptocurrency industry are common because no one is regulating it so it is mostly by big whales. Hold on to it tightly you will surely get a chance to sell your coins at higher than 4.6K.  If you sell then you making the loss.

[0t3p0t]

People should sell their Segwit coins anyway. This bubble is popping. Buy Bitcoin Cash.

I am looking at the exchange rates for the past 24 hours. Bitcoin has dropped by 10% and Bitcoin Cash has dropped by 13%. If BCH is so much better, then why it is dropping even more than Bitcoin? All the coins are going down. The Bitcoin exchange rates in some of the Chinese exchanges have hit as low as $3,600. Reminds me of the crash in 2013 December.

I think it is because Bitcoin is the main coin used to invest in altcoins thats why altcoins are affected with the price drop in the recent news about Chinese total ban on ICO's and rumors in closing some of it's biggest exchanges that which also plays an important role in the circulation of Bitcoins in the market. I think most investors and holders are dependent in Bitcoins to whatever coins they are going to buy since we cannot buy directly altcoins with fiat money. We always use Bitcoin in every transactions so if the price of BTC will go down altcoins too are falling since altcoins are dependent with Bitcoins in terms of trading. FUD is always the reason why coins are affected by price drop.

[Argon2]

https://www.reddit.com/r/BitcoinMarkets/comments/6yv7ux/bitcoin_crash_of_8_september_due_to_fake_chinese/

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Common knowledge for the seasoned investor. China BS (faked) news always falls on a Friday. Fake news is easy to spot and easy to predict. 🤓