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

[statdude]

Anyone have any idea how much OTC trading was actually going on? Not sure this kind of vol is public...

[Idrisu]

I have been suspecting that the reality about China regulatory agency banning bitcoin and others altcoins mining to be fake.  Chinese economy is a big economy and I think if they want to growth they economy and make it great which I no they want then the right thing to do now is to allow cryptocurrency be as many traders see the FUD as reality. I am happy for op confirmation of what I have been feeling concerning this whole games.

[shafi alam]

China maybe wants to collect all of bitcoin and altcoin by this rumor. chinese people wants to Manipulated the all of cryptocurrency world.

[rgm108]

Its mainly because of Xi wanting to stay in government, he has to appease his communist supporters. After the election, don't be surprised if all the Chinese exchanges come back up... it's not guaranteed but highly likely.

[muratsink]

I just have the feeling that china is making fake news to trigger panic, I am sure china wants to buy back bitcoin at a very low price, I do not believe if they really ban bitcoin, because the price drops to $ 2k, but in a short time the price back to $ 4k, this looks like fake news

[iTradeChips]

But what about Russia? The United States? What are they doing so that they could prevent the Chinese from getting the big share of Bitcoin hence the capability to control Cryptocurrency? That is why I am still waiting for that one coin that will shatter all links with Bitcoin and can exist independently of it, unaffected by the almost centralization that is going on.

[Legendari]

I the beginning I thought so. The people love the panic and the collapse of a large part of the market!

[Str1x]

I the beginning I thought so. The people love the panic and the collapse of a large part of the market!

That's the difference between a regulated market and an unregulated market like crypto. Because we are free to invest in what we want news will manipulate the market whether it's true or not. Governments will try to manipulate markets in order to get a piece of the cake, but the true winners are we that where in it from the start and HODLing till we go to the moon

[muratsink]

I the beginning I thought so. The people love the panic and the collapse of a large part of the market!

That's the difference between a regulated market and an unregulated market like crypto. Because we are free to invest in what we want news will manipulate the market whether it's true or not. Governments will try to manipulate markets in order to get a piece of the cake, but the true winners are we that where in it from the start and HODLing till we go to the moon

The patient man always wins in the world of crypto, I've experienced some losses in the crypto world, but as you say "the holder is the winner in the world of crypto"

[lordzc]

To get low price and to control the citizens of the central Chinese government.

[asdalani]

I the beginning I thought so. The people love the panic and the collapse of a large part of the market!

They are trying to purchase Bitcoins for a cheap price. The mining of the coins is expensive as it is.

[realhobo669]

There is no China impact,good lesson for long time investment.Big Govts. cant stop crypto coins

[iTradeChips]

There is no China impact,good lesson for long time investment.Big Govts. cant stop crypto coins

That is the thing that I always want to believe in. That no matter what the Big players pull theirselves into, they will never beat Cryptocurrencies. Also many crypto enthusiasts know this too since they should be aware why bitcoin was created in the first place.

[richjohn]

Even i agree to this. There is no official announcement or even government related source have made any claim that China is banning exchanges or mining. This rumor gained grounds with BTCC owner claiming to suspend their exchange working by end of September. Many experts are calling that to be a manipulative move solely done for his own profits to buy in more cryptos at better price. Market has been highly volatile recently. He just took the benefit off panic sellers.

[teamcryptonator]

I the beginning I thought so. The people love the panic and the collapse of a large part of the market!

That's the difference between a regulated market and an unregulated market like crypto. Because we are free to invest in what we want news will manipulate the market whether it's true or not. Governments will try to manipulate markets in order to get a piece of the cake, but the true winners are we that where in it from the start and HODLing till we go to the moon

The patient man always wins in the world of crypto, I've experienced some losses in the crypto world, but as you say "the holder is the winner in the world of crypto"

They only winner when the price of Bitcoin still cheap and they have a base price in that time. If you are holder Bitcoin when its price is $4000, today you have some loss when you are holding your Bitcoin haha.

[yorklab]

Hey guys -

Time will tell if I can be "trusted"  


There will be an article on Coindesk about the FUD BS re:China on Monday that will help flip the market trends.  We will see more growth early Oct once the Chinese FUD and "Ghost Month" pass.

Is it too odd to think that someone has a friend in China?  Even the Chinese hedge fund managers have friends, believe it or not.

Until then!

You had me at Zencash.

I went through your posts and like a lot of the general advice you’ve been giving:
Diversify, find a good team, hold long term; all proven to work.

I’m a big believer in Zencash. They have a great team, an excellent governance model, and when Secure Nodes launch next month will be unique in the crypto space. Charles Hoskinson and his IOHK team have been helping in an unofficial capacity which tells me there’s more here than meets the eye.

I like Waves also, but need to do more research on the team.

Anyway, you do realize you made a do-or-die statement when you said:
“There will be an article on Coindesk about the FUD BS re:China on Monday that will help flip the market trends”

If this happens tomorrow you will gain a big following, if not, most will ignore anything else you have to say. For various reasons I hope your statement comes to pass.

[slaman29]

Hey guys -

Time will tell if I can be "trusted" 


There will be an article on Coindesk about the FUD BS re:China on Monday that will help flip the market trends.  We will see more growth early Oct once the Chinese FUD and "Ghost Month" pass.

Is it too odd to think that someone has a friend in China?  Even the Chinese hedge fund managers have friends, believe it or not.

Until then!

You had me at Zencash.

I went through your posts and like a lot of the general advice you’ve been giving:
Diversify, find a good team, hold long term; all proven to work.

I’m a big believer in Zencash. They have a great team, an excellent governance model, and when Secure Nodes launch next month will be unique in the crypto space. Charles Hoskinson and his IOHK team have been helping in an unofficial capacity which tells me there’s more here than meets the eye.

I like Waves also, but need to do more research on the team.

Anyway, you do realize you made a do-or-die statement when you said:
“There will be an article on Coindesk about the FUD BS re:China on Monday that will help flip the market trends”

If this happens tomorrow, you will gain a big following, if not, most will ignore anything else you have to say. For various reasons I hope your statement comes to pass.

After ZenCash got their public approval from Ethereum's Byzantine which went live this week, you can be sure that they are going to get a lot more recognition from the coming weeks. My only issue is that I still feel it is overpriced at almost $7 now. I have to wait at least for 4.50 before trying to get in on ZCash. Oh and yes I'm also waiting for tomorrow's FUD to see if this thread is true.

[kanayaTabitha]

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

China does not prohibit mining only ico projects that are banned because there are some alesan until the decision is made. so what's the right news?

[radnom]

This guy is the worst fucking liar I've ever seen. Anyone who is here long enough knows China's banning minnig operations news are highly speculative lies. He acts like he discovered a secret, LOL!

[anasso]

i hope we will see tomorrow a last FUD or lie from BITMAIN like:

"we will stop mining by 30 septembre" so we can grab more coins at cheap prices!!!