europesss
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September 16, 2017, 02:51:39 PM |
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Can more china FUD affect crypto prices ?
Chinese government is forbidding more and more exchanges to trade crypto with CNY, I think the influence will last a few days.
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0t3p0t
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September 16, 2017, 02:57:23 PM |
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Can more china FUD affect crypto prices ?
Yes of course FUD can always affect crypto prices regardless of countries. We all know that China is also a big player in cryptocurrency investments and minings. They also has the large community that which supports crypto. I don't think what had happened in China is FUD. I think their government is just protecting people from getting scammed by fake ICO's that's why they are regulating exchanges and ICO's to prevent any fraudsters from launching their plans. In this crypto world we must be aware of it since crypto is prone to FUD and we are affected in every news either good or bad because cryptocurrencies always depends on it's community.
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AleSergio
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September 16, 2017, 03:01:14 PM |
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It still can happen you never know If it wont be China than someone else can start speculating price, but just dont worry about this, it happens everytime and it is an ordinary life thing Price of bitcoin will recover again and again.
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cynical
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September 19, 2017, 09:13:22 PM |
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Hopefully going forward the FUD will not have as much of an affect as it has over the last week. There would probably be price movements down but not as severe, that is my wish
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aaroc90
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September 19, 2017, 09:17:16 PM |
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Hopefully going forward the FUD will not have as much of an affect as it has over the last week. There would probably be price movements down but not as severe, that is my wish
I think we've seen that the Chinese users have the potential of using other countries exchanges too so this has to be some protection against the price fluctuations/drops.
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Bolt Brownie
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September 19, 2017, 09:23:54 PM |
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Can more china FUD affect crypto prices ?
I don't think it's over yet. The effects on the ban on ICO's and exchanges will not affect the market any further, even with the upcoming news that they are planning to ban the access of their citizens to foreign exchanges. What could still affect the markets, are the rumors on their possible fight vs miners, since that would be an obvious fight against BTC, but I don't think they will go that way.
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grapevin
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I collect coins and tokens. HODL!
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September 19, 2017, 09:25:00 PM |
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i was thinking (Tone Vays also said this) that the price should drop as the end of the month approaches. people will need to sell and prices should drop. we shall see.
also, china FUD over? never.
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I am looking for a new bounty campaign!
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kolesozw
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September 19, 2017, 09:53:42 PM |
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Can more china FUD affect crypto prices ?
It's not over yet. Today I read about complete ban of mining, trading, etc. Requiring bank information, real names, source of money, etc. But I don't think they will kill their whole mining industry. It's a lot of money.
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Filmmmakerr
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Hello. Bye.
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September 19, 2017, 09:56:25 PM |
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Its not over until the Chinese exchanges close down. I believe one is closing at the end of September and the other in October.
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Campaign Manager (2018)
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xXLimbXx
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September 19, 2017, 10:04:28 PM |
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I think its not over yet and wont be over that soon, just hoping that other countries wont follow China path.
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oreits11
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September 19, 2017, 10:06:52 PM |
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different perception as assuming use of beginning initials as perceiving the customs of profile with chinese prc investors, that those with the prc country has with the policy on barre with information exchange, as parts with partisan of crypto finance business accepting the different level of moderation as exchanging appropriation as entering scenes with the field of forum with different profile on partisan as the use with the colateral relation between each members with the prefers of priors on position.
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Snaic
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September 19, 2017, 10:14:23 PM |
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It feels like the big storm has passed but who knows if there's another one brewing right now? The limit time frame for exchanges to announce their closing was 24 hours ago or so.
Probably, the big storm is not over yet. Now in the media there is information on the total prohibition of Chinese citizens to trade in crypto-currency (some of the crypto-currency exchanges are still operating as usual), and heads of special crypto-exchange trading platforms are forbidden to leave Beijing, so they have the opportunity to communicate with the investigation. not quite clear.
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Soutogu
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September 19, 2017, 10:16:58 PM |
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I think we can only hope to be FUD free for a while after the segwit2x hard fork happens (and doesn't mess up the community too badly). By then the China issue will be already in the past and there aren't are foreseeable "FUDish" events on the horizon. Hopefully it plays out fine!
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coin-investor
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September 19, 2017, 10:40:40 PM |
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Don't worry the communist part is done accumulating now, prices should return to normal now.
This is the best comment probably, I think they intentionally did that and they could do that again, look at the price now it's just a matter of time before it gets back to where we left off before the big dump.
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go4crypto
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September 19, 2017, 10:45:14 PM |
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I think it is over but every month or two there is some new FUD. No shortage of surprises in cryptoland! But bull markets always climb a wall of worry so buying the dips on FUD is the way to go.
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TK14
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September 19, 2017, 10:48:07 PM |
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if china wants to annonce that mining is illegal, this will be a big problem
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bettercrypto
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September 19, 2017, 10:54:02 PM |
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I believe the effect of China's action is not over yet. Recently they ban exchange executives from leaving their country to interrogate them regarding the exchange transaction and other data. This may cause fear to Chinese traders living in their country thus affect the trading negatively. if china wants to annonce that mining is illegal, this will be a big problem
I agree this will slow down the process mining of blocks until the next block is solved, probably a temporary effect but it will be fixed sooner than we thought by building mining farm to other country.
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Jdope
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September 19, 2017, 10:56:45 PM |
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if china wants to annonce that mining is illegal, this will be a big problem
I don't think china is ever going to do that, they banned exchanges as they aren't supposedly legal (they don't have papers) but the chinese are too heavily invested in mining to ban it for good
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wishingwell
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September 19, 2017, 10:57:56 PM |
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Can more china FUD affect crypto prices ?
Nope - Wait at least until the Communist Party National Congress is over and then a month without sabre rattling and it will be over for a while more.
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