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Author Topic: Is the China FUD over ?  (Read 1915 times)
romani245
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September 22, 2017, 02:01:14 AM
 #81

First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.

The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.

I was pretty hopeful that the wave of bad news would be done after the market absorbed the ICO and exchange bans. But it sounds like there is more to come. I haven't seen any reputable sources confirm the story about banning the Bitcoin network itself. But there are reputable VCs with sources on the ground who are saying, "we haven’t seen the worst yet." Apparently we're talking about a complete ban on OTC trading at least. We could even be looking at a mining ban, or a state takeover of mining operations: https://twitter.com/bitcom21/status/910579445198602240

The FUD is strong right now... Undecided

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CrazyCreeptonaut
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September 22, 2017, 02:04:34 AM
 #82

Its not over, they want to ban mining now
in some time they will relax for a year, and then come back
it will never stop since they can influence the price like that
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September 22, 2017, 02:45:45 AM
 #83

I initially thought it was fud, then it seemed to be something more serious with exchanges getting "banned" (temporarily?), now we'll have to wait and see.
I don't think it's over yet.

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September 22, 2017, 02:51:04 AM
 #84


Can more china FUD affect crypto prices  ?

It may affect still considering that the china market is  pretty large that it can really make a significant dent in prices of crypto. But no need to make a fuss of this. The entire crypto is so huge that china is just one factor of its growth. It is not the all and be all of crypto.

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September 22, 2017, 03:00:39 AM
 #85

First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.

The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.

I was pretty hopeful that the wave of bad news would be done after the market absorbed the ICO and exchange bans. But it sounds like there is more to come. I haven't seen any reputable sources confirm the story about banning the Bitcoin network itself. But there are reputable VCs with sources on the ground who are saying, "we haven’t seen the worst yet." Apparently we're talking about a complete ban on OTC trading at least. We could even be looking at a mining ban, or a state takeover of mining operations: https://twitter.com/bitcom21/status/910579445198602240

The FUD is strong right now... Undecided

There are rumours too, about banning mining or the Chinese govt taking over mining.

The only way to completely end the whole China hassle is for mining to restart in the rest of the world. I understand that now that the Japanese have legalised bitcoin, several big conglomorates have expressed an intention to get into mining. If so, that would really stabalise bitcoin because the mining would be done in a state that had legalised it, and would be backed by mainstream business not shady operators no-one knows anything about.

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September 22, 2017, 03:09:10 AM
 #86

china has a plan for long term, that means that the ban will continue, but slowly so the people of china be scared to use bitcoin, the china plan is make their fiat currency the first one of the world and bicoin is dangerous for that plan, but at the end china will lose this war against  bitcoin.

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September 22, 2017, 03:11:19 AM
 #87

Regulation isn't bad. It's actually a good thing, means we are on the right path.

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September 22, 2017, 03:28:14 AM
 #88

For those who didn't know, China will host their 19th National Congress on the October 18, 2017!
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.

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September 22, 2017, 05:06:51 AM
 #89

For those who didn't know, China will host their 19th National Congress on the October 18, 2017!
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.


I figured the same. It's all politic.

On the bright side, the US might allow Bitcoin to be traded on the exchange via EFT. Bitcoin will explode when that happen and China ban will have no affect.
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September 28, 2017, 04:05:06 AM
 #90

Forget China with their bad ideology.
let's look at a great country, Japan has taken over the trade in the World. It's amazing 50% of trading is there.
This is amazing because japan has taken their best moment. A country that 100% has legalized Bitcoin trading, we must learn to Japan not China.
Wow that was great, one of the rich in technology country was taking over the trading community. I hope Japan sustain their supports in bitcoin trading. Because if they cut it immediately almost all trading in bitcoin will be fall down.
it will not happen, I believe Japan has made a good rule. everyone has been comfortable with Bitcoin.
the most feared thing is that China is politicizing Bitcoin.
all in control and ignore some countries that do FUD.

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September 28, 2017, 04:47:32 AM
 #91

Probably not over, the government will be indefinitely involved and the situation can only get more complex from here.
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