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jdlr (OP)
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September 16, 2017, 12:35:18 PM |
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Can more china FUD affect crypto prices ?
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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xdev
Jr. Member
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Activity: 59
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September 16, 2017, 12:40:39 PM |
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Don't think its over yet, depends on if OKcoin and Huobi can get proper licensing in place before end of October, otherwise they have to shutdown as well.
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Katalyst
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September 16, 2017, 12:41:22 PM |
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Don't worry the communist part is done accumulating now, prices should return to normal now.
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kelsey
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September 16, 2017, 12:47:37 PM |
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its not exactly FUD. Chinese powers to be have made it pretty clear. exchanges that have dealt with ICOs in the past well they'd best be closing, and those that have been fiat to crypto better have done it all legit, well they might get through if they ditch the CNY trading.
with a bit of luck western exchanges will follow suit.
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Eric Cartman
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September 16, 2017, 12:50:55 PM |
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its not exactly FUD. Chinese powers to be have made it pretty clear. exchanges that have dealt with ICOs in the past well they'd best be closing, and those that have been fiat to crypto better have done it all legit, well they might get through if they ditch the CNY trading.
with a bit of luck western exchanges will follow suit.
with 0 fees for so long time, what the odds they did it all legit all time? |
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makeba
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September 16, 2017, 01:04:28 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.
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kevoh
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September 16, 2017, 01:30:28 PM |
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It would seem so has the Bitcoin price seem to be recovering. On the other I am uncertain if anyone can categorically state that the FUD is over, rumours and news cause these FUDs, we were hit unexpectedly with the previous news when everyone was thinking Bitcoin would remain bullish. Therefore, expect the unexpected news that could bring about any FUD and hodl when necessary.
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rezurect
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September 16, 2017, 01:32:10 PM |
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I wouldn't call it all fud.
Yes there has been fud, but you see there are incoming regulations regarding ico's/exchanges etc.
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richardsNY
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September 16, 2017, 01:34:52 PM |
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with 0 fees for so long time, what the odds they did it all legit all time?
Back in the days Chinese exchanges could afford to offer zero fee trading, because they were earning loads of money through their margin trading activities. At the time the PBOC has stepped in and took the necessary actions against these exchanges, they were no longer allowing margin trading, and thus had to stop offer free regular trading. That pretty much explains how they could justify to keep their fees at zero. Ultimately, this has gained them a massive amount of new users -- who doesn't like zero fee trading? |
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jdlr (OP)
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September 16, 2017, 01:47:40 PM |
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so basically, what you're all saying is, there will continue to be (negative) news coming out of China.
So the big here question is, will that news make crypto prices as volatile as it has been in the past couple of weeks ? or the big storm has passed
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CoinSpeculator
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September 16, 2017, 01:56:16 PM |
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i believe this is very big manuplation and we will know that it next month.
why some exchanges closing but big ones didn't closed yet? there are many big manuplation.
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Hoobleton
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September 16, 2017, 01:58:27 PM |
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Can more china FUD affect crypto prices ?
It will be over once Chinese are done dumping and exchanges are closed. |
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MadMac
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September 16, 2017, 02:08:05 PM |
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Not FUD, they made the only right thing in the long run. Get rid of the fraudsters and put regulation in place. The latter will take some time, but it will be good for all of us.
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styca
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September 16, 2017, 02:17:49 PM |
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so basically, what you're all saying is, there will continue to be (negative) news coming out of China.
So the big here question is, will that news make crypto prices as volatile as it has been in the past couple of weeks ? or the big storm has passed
Crypto is an immature market. The latest China crisis may be fading, but the market as a whole has always been extremely volatile and will remain so for probably at least the next few years. The continuing success of bitcoin and alts are making crypto ever more prominent, and ever more of a threat to the fiat establishment. There are plenty more battles to come. |
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MadMac
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September 16, 2017, 02:20:09 PM |
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Exactly, which makes it more important to put regulation in place if this should ever become serious contender to Fiat.
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BrownWolf212
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September 16, 2017, 02:23:06 PM |
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Even if everything has ended now - it can be repeated at any time, because it became clear that such a system works. But the market will still recover
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Pasutinmeur
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September 16, 2017, 02:27:35 PM |
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Can more china FUD affect crypto prices ?
For the first answer the fud is not over, but at least there is no more fud come from china but actually a lot of people are knows about the fact that china hasn't been banned the crypto trade in their country but they are trying to applied the regulation to the exchange sites which a lot of them run without license. |
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MadMac
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September 16, 2017, 02:33:01 PM |
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More FUD came from JPM which actually bought massively into Bitcoin.
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styca
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September 16, 2017, 02:33:46 PM |
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Exactly, which makes it more important to put regulation in place if this should ever become serious contender to Fiat.
Yes. I am in favour of a bit of regulation. It will help to legitimise cryptocurrencies and pave the way to mainstream adoption. Of course this will cause some temporary pain along the way with panic sells and market over-reaction, but it will be worth it in the longer term. |
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shenjing85
Sr. Member
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Activity: 364
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Spectiv VR Crowdsale: 12/08/17
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September 16, 2017, 02:46:46 PM |
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Don't think its over yet, depends on if OKcoin and Huobi can get proper licensing in place before end of October, otherwise they have to shutdown as well.
Yes, you are right, the Chinese government is taking strict policy to the cypto market, and I think most of exchanges will not survive from this policy, so it is really bad for Chinese investors. |
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