Bitcoin FUD's and China status?

[very_452001]

JP Morgan Jamie Dimon buying tons of bitcoin causing a price pump from the bottomed out dip, will a dump follow this?

What about chinese exchanges closing at the end of september, will this cause the price to dip again or price has been already reflected for this?

So the end of october we will know whether chinese miners will be banned or not from the China government 19th congress? Ok from this if chinese miners get banned then segwit 2x wont happen or vice versa?

Or is bitcoin is free from all this FUD now and will rise steadily and healthily to $5000 ATH?

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[grermezter]

JP Morgan Jamie Dimon buying tons of bitcoin causing a price pump from the bottomed out dip, will a dump follow this?

What about chinese exchanges closing at the end of september, will this cause the price to dip again or price has been already reflected for this?

So the end of october we will know whether chinese miners will be banned or not from the China government 19th congress? Ok from this if chinese miners get banned then segwit 2x wont happen or vice versa?

Or is bitcoin is free from all this FUD now and will rise steadily and healthily to $5000 ATH?

Bitcoin in my opinion have done very well irrespective of the backlash from JP Morgan Jamie Dimon and the negativity coming in from China about the banning of bitcoin exchanges as well as the potential ban of bitcoin completely by the Chinese. In spite of all these negativity i think the price is holding on and have not gone as low as some people expected it to be. The price will soon stabilize either this week or the next its just a matter of time.

[pawel7777]

...
What about chinese exchanges closing at the end of september, will this cause the price to dip again or price has been already reflected for this?

I'd say it's already largely priced. All the panic sellers have already sold, I don't expect anyone to wait till the last day of Sep to dump then. But it's possible whales were driving the price up to exit slowly with more profit.

...
So the end of october we will know whether chinese miners will be banned or not from the China government 19th congress? Ok from this if chinese miners get banned then segwit 2x wont happen or vice versa?
...

Out of the loop on this one, but I wouldn't expect China to ban bitcoin mining. If they want to prevent usage of cryptos, then delegalizing both exchanges and accepting cryptos as payment would be sufficient, while they could keep the benefits on letting the miners do their job:
1 - it transfers value from abroad into China (miners selling on foreign exchanges), so benefits the economy.
2 - having majority of hashpower on their territory, government could take it over if they ever need to (either to disrupt or attempt to destroy btc).


There's some more FUD from Ray Dalio, founder of the world's largest hedge fund

https://www.coindesk.com/bridgewater-associates-head-says-bitcoin-bubble/

[GRR]

...
What about chinese exchanges closing at the end of september, will this cause the price to dip again or price has been already reflected for this?

I'd say it's already largely priced. All the panic sellers have already sold, I don't expect anyone to wait till the last day of Sep to dump then. But it's possible whales were driving the price up to exit slowly with more profit.

...
So the end of october we will know whether chinese miners will be banned or not from the China government 19th congress? Ok from this if chinese miners get banned then segwit 2x wont happen or vice versa?
...

Out of the loop on this one, but I wouldn't expect China to ban bitcoin mining. If they want to prevent usage of cryptos, then delegalizing both exchanges and accepting cryptos as payment would be sufficient, while they could keep the benefits on letting the miners do their job:
1 - it transfers value from abroad into China (miners selling on foreign exchanges), so benefits the economy.
2 - having majority of hashpower on their territory, government could take it over if they ever need to (either to disrupt or attempt to destroy btc).


There's some more FUD from Ray Dalio, founder of the world's largest hedge fund

https://www.coindesk.com/bridgewater-associates-head-says-bitcoin-bubble/

USA and Japan already took large amounts of Chinese (and other) panic sellers anyway. Nobody is ever talking about Japan, even though they are huge, maybe even more than China. China is massively overrated in my opinion and when people slowly start realizing that the world keeps spinning even without Chinese and their corresponding market manipulation, then the trend will be continuously upwards again. Maybe if China WOULD ban Bitcoin it would be good for the rest of the Cryptospace.

[BitcoinHodler]

JP Morgan Jamie Dimon buying tons of bitcoin causing a price pump from the bottomed out dip, will a dump follow this?

that is wrong and foolish on so many levels!
there is a pretty good chance that JPM has actually invested in bitcoin but only an idiot would buy in a way to cause the price to jump back up.

that so called jump you saw was the result of bitcoin breaking a resistance line ($3000) and the huge demand of bitcoin taking the opportunity to buy back.

What about chinese exchanges closing at the end of september, will this cause the price to dip again or price has been already reflected for this?

No, because it has already dropped enough because of this
and that is how news works.

So the end of october we will know whether chinese miners will be banned or not from the China government 19th congress? Ok from this if chinese miners get banned then segwit 2x wont happen or vice versa?

there is no indication of Chinese mining being banned. stop spreading FUD.
we can not say much about S2X now either.

Or is bitcoin is free from all this FUD now and will rise steadily and healthily to $5000 ATH?

bitcoin is never free from FUD. the rise has been healthy so far with expected corrections and rises all around.
the FUD is an inseparable part of any market and most effective for bitcoin. it doesn't mean FUD can prevent the rise. it will only delay it.

[w5pn73]

Nobody is ever talking about Japan, even though they are huge, maybe even more than China. China is massively overrated in my opinion and when people slowly start realizing that the world keeps spinning even without Chinese and their corresponding market manipulation, then the trend will be continuously upwards again. Maybe if China WOULD ban Bitcoin it would be good for the rest of the Cryptospace.

Because Japan is pro crypto doesn't mean they should or can be compared to China.
China has almost 1,4 billion people, where japan has a (compared to China) measly 127 million.

[Ayiranorea]

China's status at present is high, with the growth in the world economy as well in the digital currency market. FUD is spread around, not only during crisis or issues, but it prevails throughout even when the price keeps on pumping. China at present gave a confirmation that digital community has dependence on China's market.

[dimastegar]

FUD and Dump have passed. Now Bitcoin has regained strength. Forget China and forget about JP Morgan. Bitcoin will continue to strengthen. Sooner or later. Not to worry, the storm must pass.

[LFC_Bitcoin]

I have a feeling China will at some plint announce new tax rules allowing bitcoin to be used & traded there. If this does happen then the price will get a huge pump as the fear will disappear.

[Irdina]

In my opinion, bitcoin prices have stabilized and there will be no decline like yesterday,
Drama from china is over, just waiting for the surprise price soared,

[warrior333]

I have a feeling China will at some plint announce new tax rules allowing bitcoin to be used & traded there. If this does happen then the price will get a huge pump as the fear will disappear.

There are very few sentences the sale of goods for bitcoins. Why do you think that legalization in India will change the situation? If the product in India will be sold for bitcoins and taxes it would not be beneficial. Potential buyers don't want to part with their coins. No, I don't expect major changes.

[lucifochrome]

We are already seeing the effect of bitcoin fighting back from the issue that JP morgan made and as well as the banning of exchanges in china.
Bitcoin's price may still play at 4k gradually going back  to 5k while on the process it will keep on rising and falling.
Bitcoin is known worldwide although a big part of bitcoin is played from china there are still other countries that is also trading. After the ban of the exchanges of china. Chinese market went down and globally we were affected however it is not that long that these chinese investors switched to other market. They may have transferred to japan so now i think japan market is huge since some of the chinese investors may have went there adding to the existing japanese investors which is growing.
About JP morgan, bitcoin bounced back a day or two days after the claims of dimon calling bitcoin as fraud since it may only be an act of manipulation just to have the price get lower than the expected.
Bitcoin may start to sky rocket again after november. Lets hope it breaks through to 6k or 7k by the end of the year.

[tuvok007]

Nobody is ever talking about Japan, even though they are huge, maybe even more than China. China is massively overrated in my opinion and when people slowly start realizing that the world keeps spinning even without Chinese and their corresponding market manipulation, then the trend will be continuously upwards again. Maybe if China WOULD ban Bitcoin it would be good for the rest of the Cryptospace.

Because Japan is pro crypto doesn't mean they should or can be compared to China.
China has almost 1,4 billion people, where japan has a (compared to China) measly 127 million.

China is sometimes maybe overrated. Yes there are 1,4 billion people livin in there but GDP per capita is two times lower than in Japan. Isnt gdp per capita in China something like 14,15 000 USD and Japan"s like 35000-40000 USD. China is important but there are still a lot of very very poor people between that 1,4 billion population.

[Irdina]

I have a feeling China will at some plint announce new tax rules allowing bitcoin to be used & traded there. If this does happen then the price will get a huge pump as the fear will disappear.

Totally agree.

You are right, we wait for the next big pump,
China does not completely abandon bitcoin,They may make new rules.

[thejaytiesto]

JP Morgan Jamie Dimon buying tons of bitcoin causing a price pump from the bottomed out dip, will a dump follow this?

What about chinese exchanges closing at the end of september, will this cause the price to dip again or price has been already reflected for this?

So the end of october we will know whether chinese miners will be banned or not from the China government 19th congress? Ok from this if chinese miners get banned then segwit 2x wont happen or vice versa?

Or is bitcoin is free from all this FUD now and will rise steadily and healthily to $5000 ATH?

Jamie Dimon is not buying "tons of bitcoins", this bullshit needs to stop. Someone on behalf of JP Morgan bought BTC, not that many compared to other bigger whales.

China FUD is priced in, Jamie Dimon is irrelevant for a couple of years until dumb idiots forget and he comes back and it feels like fresh news when it's not:


Both boomer CEOs and China emptied their clips and they are now out of ammo, time for BTC to pump. The next FUDsters are teh big blockers once again in november, let's pump until then then beat the hardforkers once again, then we going 5 figures.

[webtricks]

Chinese ban is still more of rumor and less of assured news. So we should wait at least some official sources to declare ban. If so happen, all the Chinese exchanges need to be closed. So just imagine if the news of BTCC closure brought price that low then actual closure of all the exchanges will kill the price to more low.
Hence be ready for another panic if so happens.

[very_452001]

Ok just to clarify when do you guys think the chinese government will announce whether they will ban bitcoin mining? Just to confirm is it the date of 18th october next month?

Also on 18th october next month will we know chinese government will bring in new bitcoin trading/tax rules instead of a ban or a sooner date?

If the chinese government ban bitcoin mining then what price do you guys think bitcoin will dip or bottom out at? Will banning mining will make bitcoins rarer and more expensive as there's no miners to mine them for demand?

Also why people saying china banning bitcoin is good?

[fanbeila]

We all were waiting to see what would happen in september when segwit2x will be activated and whether hard fork would occur since most of miners had signed the newyork agreement and had decided to support it.But suddenly,china has taken this stand against bitcoin and now the discussion is whether china would ban mining also and what would happen whether segwit 2x would be activated or not.If it does not get activated,then we could definitely expect that bitcoin would soon reach ATH.

[very_452001]

We all were waiting to see what would happen in september when segwit2x will be activated and whether hard fork would occur since most of miners had signed the newyork agreement and had decided to support it.But suddenly,china has taken this stand against bitcoin and now the discussion is whether china would ban mining also and what would happen whether segwit 2x would be activated or not.If it does not get activated,then we could definitely expect that bitcoin would soon reach ATH.

Isnt segwit 2x activating in september?

Ok if chinese govt ban mining then does that mean segwit 2x isnt happenning?

If chinese govt does not ban mining then does that segwit 2x more likely to happen?

[Red-Apple]

this is honestly starting to become very boring but annoying.
i am counting the days until all these deadlines and fake deadlines in FUDs come and go so we can just put this Chinese nonsense behind us and move on with our lives.

the idiots spreading FUD don't even understand what they are doing anymore. they are keeping bitcoin back and harming their own profits at this point.

instead of arguing about how to have more adoption, how to get merchants accepting bitcoin, how to make our voice heard with big sites like Amazon to add bitcoin,.... instead all the topics and news these days is about what Chinese fart smelled like this time.