CHINA UPDATE: The news China doesn't want you to know.

[sexycoin69]

When China banned Facebook or google did it affect their stock? Would be interesting to know

[rommelzkie]

Confirm, only FUD...

https://twitter.com/SatoshiLite/status/911067464796053506

Thanks for this. I also think that regulating ICO is good for all because it gives confidence to all investors specially for those new to crypto currency.

However i am not sure if CHINA will ban mining and exchanges from their country. you can still buy BTC in china thru OTC.

what can we do now is patiently wait for china government actions.

here's another FUD. CHINA will block all VPN by 2018
https://www.theguardian.com/world/2017/jul/11/china-moves-to-block-internet-vpns-from-2018
will this affect CHINA miners?

[reputation]

so what, there is all kinds of rumor these days, this is just the short side and long side are playing games, i suggest you guys better to hold the fiat and wait for the chance to buy on the bottom someday

[bengems]

China is unpredictable, I wouldn't trust anything from media or even individual at this moment until their madness is over

[adroitful_one]

Freaking China.

Ok, I'll be brief and to the point. 

I spoke to a good friend of mine Xui, who is a Hedge Fund manager at one of the largest firms in mainland China (Hong Kong is NOT China people.) and he confirmed that there is NO current legislation or even PROPOSAL to ban mining.  None.

The bulk of this downtrend has been of the coat tails of China declaring that it is going to regulate ICOs (This is gonna make the Chinese market much stronger and when they are back in the game full swing, watch the prices MOON.)  and exchanges.

China is not stupid, they are also not the USA.  They have a vastly different approach to government and legislation. 

Back to my point.  The FUD over China banning mining and network is false. 

You are going to hear about this more on Monday, but to my dear friends on here, get your trades in over the weekend. 

Picks of the day:
NEO @ $17.10 or better
ARK @ $2.57 or better
OMG @ $8.09 or better
WAVES @ $3.10 or better

*All long terms HODLS. 
*I have a position in all

Personally, I think that regulation of ICO's in China is a really good thing. Just look at how many Chinese guys are making new accounts and creating ICO's that lead to absolutely nothing. Hopefully this cuts down on some of this. This whole ICO trend is getting way out of hand in my opinion

[freundes]

Its intresting to see that China is effecting the Bitcoin prices throughout the world.
Let wait and see what MONDAY has to offer

[nuskill]

Its intresting to see that China is effecting the Bitcoin prices throughout the world.
Let wait and see what MONDAY has to offer

on the bright side if they don't make a step back...this will end on October the 30th
then its time to watch BTC start a new run

[KourtneyK]

Until then... we will just have to wait if what you're saying is true. I even think this news about China and all the banning of ICO's or exchanges are just temporary. China is smart and I think they have a big plan about the cryptoworld, for sure they will come up with something in a few months or weeks  right after the "ghost month".

[AUruHM]

China's gov not stupid. But they want to control so money flow and it is not bad, only business. All gov's want it but China says it straight.

[twobits]

Confirm, only FUD...

https://twitter.com/SatoshiLite/status/911067464796053506

Thanks for this. I also think that regulating ICO is good for all because it gives confidence to all investors specially for those new to crypto currency.

However i am not sure if CHINA will ban mining and exchanges from their country. you can still buy BTC in china thru OTC.

what can we do now is patiently wait for china government actions.

here's another FUD. CHINA will block all VPN by 2018
https://www.theguardian.com/world/2017/jul/11/china-moves-to-block-internet-vpns-from-2018
will this affect CHINA miners?

From what? that didn't affect the china miners. You think the only tool to pass the banned ip or similar with it just through the VPN? That doesn't make sense at all. I understand how people are feeling worried due to the FUD to the miners in china. But that was senseless. Venezuela should be a good example how the people still mining it although they should be arrested if got caught  by the police.

[Invester]

When China banned Facebook or google did it affect their stock? Would be interesting to know

I think it grew even more that china is getting out its hands from such companies.  Kind of insulated the companies from someone or something whose mind you know are kind of mischievous. Bitcoin is going to grow whether or not china is supporting it. It does not need china after all.

[legendbtc]

so what, there is all kinds of rumor these days, this is just the short side and long side are playing games, i suggest you guys better to hold the fiat and wait for the chance to buy on the bottom someday

Yes, I agree with you but many people from China that the government is forming rules and regulation for cryptocurrency in order to protect their investors. We have wait and see what was their official announcement about Bitcoin and CryptoCurrency.

[Mihaylovic]

These are all rumours and fake leaks to manipulate the price of bitcoin and altcoins. I dont believe to anyone but only the official announcement regarding china.

[carlisle1]

These are all rumours and fake leaks to manipulate the price of bitcoin and altcoins. I dont believe to anyone but only the official announcement regarding china.

if there a legit news that will bring this out I guess that's the time to believe from this rumors but if there's none we should not take it seriously
as it is another way to make people to panic and connect this concerned with bitcoin value.

[Bybox]

These are all rumours and fake leaks to manipulate the price of bitcoin and altcoins. I dont believe to anyone but only the official announcement regarding china.

Same here China love to manipulate the price of bitcoin

[BMG86]

I was thinking this was the case too! But what about all the exchanges that have confirmed they will shut down? That confirms that all the fud is true. Unless china decides to reverse that decision, it leads me to believe that the rumors are true.

[iTradeChips]

In my opinion, those at the upper echelons of finance and banking are basically afraid of what Cryptocurrencies can bring to the world and they are using I think China in their goal to destroy Crypto. Maybe by manipuulating China in manipulating the ICO's. Come think of it, once there will be a big crash, those in the upper classes will now be able to make more money bby buying lots of cryptocurrencies at cutthroat prices.

[giveen]

Sad to hear that. hope China stop all china miner in their country. make dif decrease so we can mine bitcoin easier

Are dumb are you even aware of what you are saying the difficulty of mining will reduce are you even aware if china decided to ban mining how much time and fees it will take for transactions to process. Other countries will take advantage of this but it will have a negative effect on btc for months.
Even if that happens us mining won't make a different they have the most efficient miners and have speeds at 1k ph/s we will never get that.

[endlasuresh]

It looks very interesting with truth, but I will see till to the October 30th to find real answer. I don't think they will ban on VPN's because people use for different purposes not just for Bitcoin.

[pedjo99]

China is not stupid. They see what is happening in crypto world. They also want their part of a cake. In future this regulation can only bring good things, but for now we are all sad because of losing our % of profit. Just imagine how many people lose their money because of scam ICOs?! Regulations are necessary.