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Islampower (OP)
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September 12, 2017, 08:09:22 PM |
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Don't panic and don't sell your crypto  , it is only fake news , they can't bane banne bitcoin  I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic.   |
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daarul50
Legendary
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Activity: 1596
Merit: 1034
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September 13, 2017, 12:41:42 AM |
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Don't panic and don't sell your crypto , it is only fake news , they can't bane banne bitcoin I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. I also hope that hopefully, bitcoin prices can recover, because the impact of the news is very outside can affect the market price bitcoin. Lots of bitcoin users are panicking about bitcoin market price movements that ultimately get a loss on the impact. |
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boyptc
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September 13, 2017, 07:04:11 AM |
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Don't panic and don't sell your crypto , it is only fake news , they can't bane banne bitcoin I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. They are not banning bitcoin, it's only the ICO's and their local exchanges. And you are having a good speculation out there and I'm not going to panic anymore. The price is recovering a little by little and I'm satisfied with it. And this is because of Charlie Lee's twitter post that made many hodlers to sell. Just keep the faith, relax and hodl. |
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bubblebit
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September 13, 2017, 07:24:50 AM |
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China is not banning bitcoin but some exchanges and ICO temporarily as long as I know, haven't heard any updates on the discussion if it was permanent. I don't have exact information but someone's shared to me about a protest rally to be done by Chinese investors as no exchanges have issue a warning before the banned is due. I hope for the best of bitcoin and I think the increased will be continuing in this coming days. Be patience everyone and hold your bitcoin tightly.
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vitalife555
Newbie
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Activity: 56
Merit: 0
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September 13, 2017, 07:28:27 AM |
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On this unstability period Im go to dogecoin, Becouse I want to safe my money from risk! Don't panic and don't sell your crypto , it is only fake news , they can't bane banne bitcoin I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. |
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obicrypto
Newbie
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Activity: 9
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September 13, 2017, 08:15:40 AM |
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I have said it so many times that no one country owns bitcoin and as such no country can bring down bitcoin!
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daarul50
Legendary
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Activity: 1596
Merit: 1034
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September 13, 2017, 03:37:57 PM |
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I have said it so many times that no one country owns bitcoin and as such no country can bring down bitcoin!
it is not a country that lowers the price of bitcoin, but a country's decision on the bitcoin usage policy is affecting global bitcoin market prices. |
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zahed
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September 13, 2017, 05:17:57 PM |
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I agree with you and i do not believe Bitcoin is banned in china its just stupid news.Bitcoin is global currency so this coin popularity is high in wrold wide.When this news is published after that everybody try to sell their BTC.Keep paitence.
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darkangel11
Legendary
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Activity: 2338
Merit: 1345
Defend Bitcoin and its PoW: bitcoincleanup.com
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September 13, 2017, 08:17:21 PM |
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I have said it so many times that no one country owns bitcoin and as such no country can bring down bitcoin!
it is not a country that lowers the price of bitcoin, but a country's decision on the bitcoin usage policy is affecting global bitcoin market prices. That's right. If BTC were to be banned in a country where there are many investors, like in China, some of those coins would be converted back to local currency. People would be afraid of being unable to trade and cash out, so they'd sell while the exchanges are still online. As we know, a massive sale, even if performed by just 5% of the investors, could trigger an avalanche. |
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doedz
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September 13, 2017, 09:55:45 PM |
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Panic just makes you fail to survive, and that is the main problem of a trader. This issue is very annoying I am sure only "FUD". Some people want BTC down and depressed, while they enjoy the price for some time. I do not believe in tires. If this happens China is suicidal.  |
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~Spawn~
Jr. Member
Offline
Activity: 33
Merit: 12
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September 14, 2017, 12:14:28 AM |
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So, no fundamental reason for the price drop? In that case, it's quite possible that pump&dump groups are suppressing the price. I wonder for how long they can hold it down.
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Nameless27
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September 14, 2017, 01:54:39 AM |
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We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.
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entrepmind23
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September 14, 2017, 02:44:52 AM |
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We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.
China spread rumors before that bitcoin will be banned and it was effective thus they do it again. I agree that we cannot blame those who panic because there are countless predictions that bitcoin would continue to rise and the possibility to double in just a few months and then when they heard the rumor about bitcoin, they just panic and immediately sold which has greatly affected the market. Bitcoin has been rising for a while and seeing the rise in price makes me worried it will go down just as quick as it had risen and it is already happening now. I believe bitcoin will rise again and now it is just a healthy correction. In every market there is a cycle and this correction is needed so that bitcoin will not become a bubble so it has to go down from time to time and not just continuously rise up. |
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Yuhee
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September 14, 2017, 04:42:28 AM |
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We can't blame those who were panicking at time when drop of price, they're not expecting much about this as we're seeing increases since august 1st. Let them experienced it and I know they will learned from it. China is always been like this since let just ignored much rumors about them it won't helped us to go forward. Bitcoin now is recovering and i think it will increase more.
China spread rumors before that bitcoin will be banned and it was effective thus they do it again. I agree that we cannot blame those who panic because there are countless predictions that bitcoin would continue to rise and the possibility to double in just a few months and then when they heard the rumor about bitcoin, they just panic and immediately sold which has greatly affected the market. Bitcoin has been rising for a while and seeing the rise in price makes me worried it will go down just as quick as it had risen and it is already happening now. I believe bitcoin will rise again and now it is just a healthy correction. In every market there is a cycle and this correction is needed so that bitcoin will not become a bubble so it has to go down from time to time and not just continuously rise up. I would say for me that the China banning bitcoin really got me interested somehow on how the price goes. Most of us would really have some negative reaction upon hearing this news but its in more reading that we realize it could be just another fake news. A lot of influences could affect prices not just btc but anything in the economy. Even before these China issue, there had been price falls and increase so i am not really worries if there are some kind of news like this. |
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ranman09
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September 14, 2017, 04:47:49 AM |
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Yes, its true that China cant ban bitcoin. But the news all around saying they did, already did freaks people out. You should be glad for you know for sure China will never ban bitcoin, you should be glad and buy more  . |
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mercer007
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September 14, 2017, 10:59:05 AM |
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Don't panic and don't sell your crypto , it is only fake news , they can't bane banne bitcoin I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. I too believe that the dump in the Bitcoin market is just for a short time and as soon as Chaina's government settles the matter i.e. they are not going to banned Bitcoin exchange and are banning ICOs temporarily, the price of the Bitcoin again began to pump,so hold on for a while and do not panic or sell your Bitcoins. |
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endlasuresh
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September 14, 2017, 11:07:35 AM |
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So many told in the past thread it was a fake news and spreading it on the internet. Bitcoin cannot be banned by China because they are a developing country as par as I knew, however we will see in next month the rise in Bitcoin price.
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RedX
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September 15, 2017, 02:29:35 AM |
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Losing China in the cryptomarket can really affect us even if it's just fake news. It just show that this country plays a major role in trading bitcoin. They has also the largest bitcoin mines so banning it is really absurd.
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bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
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September 15, 2017, 10:31:55 AM |
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The "ban on bitcoin" can mean a lot of things. It can be any of these:
1. A ban on the possession of Bitcoin
2. A ban on the trading of Bitcoin
3. A ban on the conversion of Bitcoin to fiat
4. A ban on using Bitcoin as a currency
5. A ban on trading derivatives based on Bitcoin.
Right now, it seems to me that the Chinese are more concerned with #4, because they are afraid that Bitcoin can seriously undermine the Chinese Yuan.
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Islampower (OP)
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September 15, 2017, 06:08:24 PM |
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The "ban on bitcoin" can mean a lot of things. It can be any of these:
1. A ban on the possession of Bitcoin
2. A ban on the trading of Bitcoin
3. A ban on the conversion of Bitcoin to fiat
4. A ban on using Bitcoin as a currency
5. A ban on trading derivatives based on Bitcoin.
Right now, it seems to me that the Chinese are more concerned with #4, because they are afraid that Bitcoin can seriously undermine the Chinese Yuan.
very good thank you for these very useful explanations |
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