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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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swiftblade
Newbie
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Activity: 69
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September 14, 2017, 07:17:37 AM |
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That good news bring back the fresh air.
Seems like bitcoin price start rising this early morning since that article released
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CryptoBry
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September 14, 2017, 07:23:48 AM |
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We are being conquered by China and cryptocurrency has not escaped the power and influence of the Chinese. The world is now made of products originating from China, they have been lending to many countries and enlarging their sphere of influence starting many years ago and now they can flex their muscles anytime and the whole world can be reacting with some awe and fear. Cryptocurrency should have been an exception to the growing of China but alas because many miners are located in China, this country is always highlighted and given so much focus.
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Fappanu
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September 14, 2017, 07:50:40 AM |
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It's really what everyone is looking forward to losing bitcoins because they can afford it cheaply. So people are actually making stories to panic selling. And there they will take advantage of the opportunity to buy. So we expect that when the panic selling suddenly shrinks the Bitcoins price. So those who have the knowledge that there are huge advantages are actually happening today.
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Metoo.14
Member
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Activity: 71
Merit: 10
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September 14, 2017, 08:14:28 AM |
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It is good news for all traders in the past few days, the volatile crypto market made me and a few others very nervous about investments. The crypto market will grow this is a good time to buy.
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TravelMug
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September 14, 2017, 08:19:53 AM |
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This is a breath of fresh air. However, the damaged has been already and seeing the price now at $3800-$3900. I consider the earlier fake news that someone or some big entities have already benefited from the string of negatives news coming from China. Maybe they have sold already around $4700-$4800 at the height of the massive bullrun, and they spreading fake news so that they can buy in this dip. I already think that Chinese banning or closing down local exchanges are really a band move on their side. They should put a tighter regulation and this is a win-win for all of us. Hope that the dust is cleared already and investors started to go gather and buy bitcoins once again.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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L
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September 14, 2017, 08:23:57 AM |
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That's some serious manipulation going on there, someone is making a shitload of money if they have access to that kind of information before leaking out.
I wouldn't mind having a source inside, you can predict how the market will react based on 'China bans bitcoin/China does not ban bitcoin'.
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ajaymartin
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September 14, 2017, 08:26:08 AM |
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the best news whole day.
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nl247
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September 14, 2017, 08:36:14 AM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
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bucksman5233
Full Member
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Activity: 264
Merit: 100
TV TWO - Connect your TV to ETH Blockchain
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September 14, 2017, 08:46:50 AM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
Yes actually it's true Bitcoin was expected to fall below $4000 earlier than this Chinese FUD has started. I don't know why people are panicking like hell by seeing FUD news. On top of this JP Morgan CEO's news had reached main stream media and people that this is the end. Some people can't digest BTC going down a certain percentage but when it's going up they'll be yelling at BTC like "Go to moon!"
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maokoto
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September 14, 2017, 08:52:19 AM |
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This is a breath of fresh air. However, the damaged has been already and seeing the price now at $3800-$3900. I consider the earlier fake news that someone or some big entities have already benefited from the string of negatives news coming from China. Maybe they have sold already around $4700-$4800 at the height of the massive bullrun, and they spreading fake news so that they can buy in this dip. I already think that Chinese banning or closing down local exchanges are really a band move on their side. They should put a tighter regulation and this is a win-win for all of us. Hope that the dust is cleared already and investors started to go gather and buy bitcoins once again.
I agree. This seems a bit orchestrated by someone to buy cheaper bitcoins. But that is not bad either. It means they will buy again, so Bitcoin will recover. And maybe is time to buy a little more now.
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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September 14, 2017, 08:53:20 AM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
That. People should think for once; is it really coincidence that each time the price is going up significantly, Chinese fud is popping up? As long as people keep reacting to this sort of fud, the sentiment, and eventually the market will continue to get affected. This behavior only incentivizes the entities behind this fud to continue doing what they are doing - it works every time. It just shows that a lot people here don't know what Bitcoin is, or how this market works and gets affected - these people are blatantly gambling with their savings.
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Kemarit
Legendary
Offline
Activity: 3038
Merit: 1350
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September 14, 2017, 08:59:35 AM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
That. People should think for once; is it really coincidence that each time the price is going up significantly, Chinese fud is popping up? As long as people keep reacting to this sort of fud, the sentiment, and eventually the market will continue to get affected. This behavior only incentivizes the entities behind this fud to continue doing what they are doing - it works every time. It just shows that a lot people here don't know what Bitcoin is, or how this market works and gets affected - these people are blatantly gambling with their savings. You can't really blame those guys who very much reacted to every negative news today, specially coming from the Chinese. Those are really weak hands indeed and the strong hands are laughing out loud seeing people falling for their trap. Yes, those entities from behind had already made millions out of this speculative market and entering again at this very floor price. The best thing for us is to really warn them not to panic and keep calm from this drop. But I guess they are really nervous about losing their investment and the only way to exit is to sell without thinking that the logical option is just to hodl. Let them regret their decision and learn their lessons in the hard way. We have already done our part or the bargain.
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.dice9.win. | ░░░░▄▄█████▄▄ ░░▄████▀█▀████▄ ░█████▀███▀█████ █████▀█████▀█████ █████▄█████▄█████ ████▄▄▀▀█▀▀▄▄████ ░████▄▀█▄█▀▄████ ░░▀████▄▀▄████▀ ░░░░▀▀█████▀▀ ████ ░░░░░░█████████ | ███████
░░░░▄▄█████▄▄░░█████ ░░▄████▀░▀████▄ ░████▀░░▄░░▀████ ████▄░▄█▀█▄░▄████ ██░░███░░░███░░██ ████▀░▀█▄█▀░▀████ ░████▄░░▀░░▄████ ░░▀████▄░▄████▀ ░░░░▀▀█████▀▀ | | │ | ▄▄▄▀▀▀▀▀▀▀▀▀▄▄▄ ▄▄▀▀░░░░░░░░░░░░░░░▀▄ ▄▀░░░░░░░░░░░░░░░░░░░░░█ ▄▀░░░░░░░░░░░░░░░░░░░░░░░░█ ▄▀░░░░░░░░░░░░░░░░░░░░░░░░██ █░░░░░░░░░░░░░░░░░░░░░░░▄▀▄▀ ▀▄░░░░░░░░░░░░░░░░░░░░▄▀░▄▀ ▀▄░░░░░░░░░░░░░░▄▄▄▀▀▄▄▀ ▀▀▄▄▄▄▄▄▄▄▄▀▀▀▄▄▄▀▀ ▀▀▀▀▀▀▀▀▀
COIN FLIP | │ | ▄▄▄▄▀▀▀▀▀▄▄▄▄ ▄▄▀▀▀░░░░░░░░░░░░░▀▀▀▄▄ █▀▄▄░░░░░░░░░░░░░░▄▄▄▀▀░█ █░░░▀▀▀▄▄▄░░░▄▄▄▀▀░░░░░░█ █░░░░░░░░░▀█▀░░░░░░░░░░░█ █░░░░░░░░░░█░░░░░░░░░░░░█ █░░░░░░░░░░█░░░░░░░░░░░░█ █░░░░░░░░░░█░░░░░░░░░░░░█ ▀▀▄▄░░░░░░█░░░░░░░░▄▄▀▀ ▀▀░░░░▀░░░░░░░▀
DICE | │ | ▄▄▄▄▀▀▀▀▀▄▄▄▄ ▄▄▀▀▀░░░░░░░░░░░░░▀▀█▄ ▄▄▄▄ █▀▀▄▄░░░░░░░░░░▄▄▄▀▀▀▄█▀▀▀░░░░▀▀▀▀▄▄▄ █░░░░░▀▀▄▄░▄▄▀▀░░▄▀▀▀░█░░░░░░░░░░░░▄▄▀█ █░░░░░░░░░█░░░░░░█▀▀▀▄█░░░░░░▄▄▄▀▀▀░░░█ █░░░░░░░░░█░░░░░░█░░░░█▀▀▀▄▀▀░░░░░░░░░█ █░░░░░░░░░█░░░░░░█░░░░█░░░█░░░░░░░░░░░█ ▀▄░░░░░░░█░░░░░░█░░░░█░░░█░░░░░░░░░░░█ ▀▄▄░░░░█░░░░░░░▄▄▀▀░░░░█░░░░░░░░░░░█ ▀░░░░░░░░░▀▀░░░░░░░░▀░░░░░░░░░░░▀
TWO DICE | │ | ▄█▀▀▀▀█▀▀▀▀▀▀█▀▀▀▀█▄ ▄█▀ ░░░▄▄▄▀▀██▀▀▄▄▄░░░░▀█▄ ▄▀▀█▄▄▀▀▀▀░░░▄▀░░▀▄░░░▀▀▀▀▄▄█▀▀▄ ▄█▀▀█▀▄ ░░░░░░▄▀░░░░░ ▀▄░░░░░░░▄▀█▀▀█▄ ▄▀░░░█░░░▀▄░░░░█░░░░░░░░░ █░░░░▄▀░░░█░░░▀▄ █░░▄▀░░░░░░▀▄▄▀░░░░░░░░░░░ ▀▄▄▀░░░░░░▀▄░░█ █░▄▀░░░░░▄▄▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄▄▄░░░░░▀▄░█ █▀░░▄▄▀▀▀░░ ░▀▄▄░░░░░░░░░░▄▄▀ ░░░▀▀▀▄▄░░▀█ ▀▄▀▀░░░░░░░ ░░▀▀▀▄░░▄▀▀▀░░ ░░░░▀▀▄▀
ETHEROLL | │ | | │ | ..PLAY NOW.. |
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Yuhee
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September 14, 2017, 09:12:19 AM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
That. People should think for once; is it really coincidence that each time the price is going up significantly, Chinese fud is popping up? As long as people keep reacting to this sort of fud, the sentiment, and eventually the market will continue to get affected. This behavior only incentivizes the entities behind this fud to continue doing what they are doing - it works every time. It just shows that a lot people here don't know what Bitcoin is, or how this market works and gets affected - these people are blatantly gambling with their savings. You can't really blame those guys who very much reacted to every negative news today, specially coming from the Chinese. Those are really weak hands indeed and the strong hands are laughing out loud seeing people falling for their trap. Yes, those entities from behind had already made millions out of this speculative market and entering again at this very floor price. The best thing for us is to really warn them not to panic and keep calm from this drop. But I guess they are really nervous about losing their investment and the only way to exit is to sell without thinking that the logical option is just to hodl. Let them regret their decision and learn their lessons in the hard way. We have already done our part or the bargain. Well cant really blame them because for most users who had been here longer than us could just see this issue as another pump. Btc is virtual so government does not really have an upperhand in it cause its run by developers or what you said big entities. We are just users and sometimes it is a gamble to invest here but at least there is a profit in long term or even short term.
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nappoleon
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September 14, 2017, 09:33:06 AM |
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It's all just FUD, news are sensationalized. Rumor is PBoC will shutdown china-based exchanges without license. There's another rumor that China is trying to create CNYtether using NEO blockchain. Will see.....
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haroldtee
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September 14, 2017, 09:49:09 AM |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
That. People should think for once; is it really coincidence that each time the price is going up significantly, Chinese fud is popping up? As long as people keep reacting to this sort of fud, the sentiment, and eventually the market will continue to get affected. This behavior only incentivizes the entities behind this fud to continue doing what they are doing - it works every time. It just shows that a lot people here don't know what Bitcoin is, or how this market works and gets affected - these people are blatantly gambling with their savings. You can't really blame those guys who very much reacted to every negative news today, specially coming from the Chinese. Those are really weak hands indeed and the strong hands are laughing out loud seeing people falling for their trap. Yes, those entities from behind had already made millions out of this speculative market and entering again at this very floor price. The best thing for us is to really warn them not to panic and keep calm from this drop. But I guess they are really nervous about losing their investment and the only way to exit is to sell without thinking that the logical option is just to hodl. Let them regret their decision and learn their lessons in the hard way. We have already done our part or the bargain. Sure! You cannot blame them but the funniest part is if you tell them from experience, they end up thinking you are insane or you have no idea what you are talking about. I feel the best is to always allow them to fall for such news so that they can end up learning from their mistakes for the future. I can imagine the huge smile, laugh, and party going on among the whalers right now.
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sasaki111
Newbie
Offline
Activity: 48
Merit: 0
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September 14, 2017, 10:03:47 AM |
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So you mean that the new " China's goverment decided to ban exchanging Bitcoin" is just a fake new ? Maybe this new is giving to the community by Chinese's mafia ? They want to gather Bitcoin all over the world ?
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marketone
Legendary
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Activity: 1302
Merit: 1000
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September 14, 2017, 10:18:52 AM |
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That good news bring back the fresh air.
Seems like bitcoin price start rising this early morning since that article released
It will raise because only people are panic about the news that's all. People should remember one thing why do people will react to news because there are many other major countries where Bitcoin transaction are legit. Those who are talking negatively in the background they bought tons of Bitcoin for their future.
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buwaytress
Legendary
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Activity: 2758
Merit: 3408
Join the world-leading crypto sportsbook NOW!
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September 14, 2017, 10:31:19 AM |
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Sure! You cannot blame them but the funniest part is if you tell them from experience, they end up thinking you are insane or you have no idea what you are talking about. I feel the best is to always allow them to fall for such news so that they can end up learning from their mistakes for the future. I can imagine the huge smile, laugh, and party going on among the whalers right now.
I didn't react to the rumour mill (not by selling anything, anyway) and I'm sure the majority of actual holders didn't as well. At the same time, this latter behaviour (of yesterday, not the weekend) does seem like some people are learning their lessons from 2013 and 2014. I'm pretty sure whales would have at least diversified out a small portion of their coins. In fact, it's a natural hedging strategy. There would also have been those whose stop losses simply triggered at $3990 or lower, when they bought at low $4,000s as the uptrend did not happen. That would help explain the shedding in exchanges other than in South Korea (Bithumb).
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FrueGreads
Legendary
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Activity: 1582
Merit: 1059
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September 14, 2017, 10:49:13 AM |
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Those are good news, but since they are not official, they are just as good as the news from them ban itself. People really need to stop over reacting on rumors, and just wait for the official news. I wouldn't be surprised if these supposed news, were just leaks in order to manipulate the price of BTC, so that the government itself can get their hands on cheep bitcoins.
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