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Author Topic: South China morning post on ban  (Read 245 times)
Ilegendph
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February 09, 2018, 02:20:28 PM
 #41

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?
Ofcourse, it is because that most of the hashpower of bitcoin network are coming from china and I think its more than 50% in total. Actually they have a huge farm of mining rigs that are assembled just to mine bitcoins and other altcoins we see and might used.

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February 09, 2018, 02:39:34 PM
 #42

Someclaimed that cryptocurrency exchanges had manipulated the market, or that technical breakdowns of the exchanges platforms had caused them significant losses. Several complaints against ICO issuers alleged unlicensed or fraudulent activities.
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February 09, 2018, 02:42:17 PM
 #43

market is already climbing back, no reason to worry. Not all governments will support bca but it doesn't mean anything bad for the community. Bitcoin was here even when governments had no clue what it was and kept publishing warnings against it every day. Nowadays many countries are trying to embrace crypto as they seem potential. Just don't expect countries like china to do that

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February 09, 2018, 02:45:39 PM
 #44

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?
I think it has a huge impact on the market at the moment, I think that is the main reason that bitcoin prices are dropping sharply and there are no signs of stopping. Currently the price of bitcoin is at $ 7000 and according to my analysis the price of a bitcoin will fall to $ 5400 today. In addition, I think that in addition to the influence of the Chinese investors are keen to take profits before their holiday.
We can see that China's embargo with bitcoin is having a huge impact on the digital money market. Bitcoin prices have fallen dramatically in recent days, as it has lost more than 70% of its value and has hit a milestone of $ 6,000. Also due to the psychology of profit takers of Asian pot investors before their holidays also make bitcoin prices fall deeper.
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February 09, 2018, 02:50:06 PM
 #45

It's better to hope crypto succeeds without them. Or they just calm down with their threats.
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February 09, 2018, 04:49:09 PM
 #46

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?
China's ban on bitcoin has drastically reduced the value of bitcoin during the past few days. There was a bitcoin price at $ 6000. The bad news continues with bitcoin and a large number of Chinese investors withdraw from the electronic money market because of the ban has made the market slightly $ 400 billion.

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February 09, 2018, 05:54:03 PM
 #47

It will be very bad for bitcoin, but why then the growth began after this news, should have lowered the market down, most likely this news has not yet spread to the media! So soon we are waiting for one more campaign down!

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February 11, 2018, 12:50:28 AM
 #48

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?
We can see that after the bitcoin orders from China have made the digital money market fluctuate continuously and continuously down. Bitcoin prices have fallen steadily over the past few weeks and have hit $ 6,000, which is a bad influence on the market. Although bitcoin has rebounded, buying power is not strong and may continue to decline at any time.
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February 11, 2018, 01:57:37 AM
 #49

Such negative news will always affect the market no matter what,there are alot of people relatively new to cryptocurrencies who are not used to the hodl we all know so when they hear any negative news,they sell off.In generla,news affects even traditional stocks prices

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February 14, 2018, 07:03:53 AM
 #50

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?
Ofcourse, it is because that most of the hashpower of bitcoin network are coming from china and I think its more than 50% in total. Actually they have a huge farm of mining rigs that are assembled just to mine bitcoins and other altcoins we see and might used.
Yeah they have a huge control over the market. Reason is obvious and you have told already that they have many mining rigs that are continuously working. Thus China have a hand over the pump and dump of bitcoins because their one single decision can take the lead for bitcoins and on the same side, bitcoins can suffer from their bad diction. But I think mostly the morning news are false.
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March 16, 2018, 04:31:38 AM
 #51

The market is as of now down due to this as amid Chinese exchanging session bitcoin was really push down beneath surprising level and presently it is heading underneath $6,000. Bitcoin wouldn't stay bearish always and we would need confidence with cryptographic forms of money and like I have perused some place about what the author has said "government ought to fear us and not we perplexed of government".
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March 16, 2018, 07:09:51 AM
 #52

The market is as of now down due to this as amid Chinese exchanging session bitcoin was really push down beneath surprising level and presently it is heading underneath $6,000. Bitcoin wouldn't stay bearish always and we would need confidence with cryptographic forms of money and like I have perused some place about what the author has said "government ought to fear us and not we perplexed of government".

Heading to $6000? As per coinmarketcap the current price is $8,240.75, with volumes around $6,047,630,000   and rising 4.37% in 24 hours so I don't know where you got your information that we are closer to $6000. As far as China is concern, we should totally forget about them. The only major influence they can give us is that they have the monopoly of mining farms and hardware. But Bitmain has already plans to moved out its bitcoin mining farm if the Chinese Government put the hammer ban. And if ever there's a negative impact from every news fake or not coming from them, it will short-lived because by now we need to understand that they are anti-crypto so it would make sense that they will release reports saying negative things about the cryptosphere. But there is nothing to worry about.

 
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March 16, 2018, 10:02:53 AM
 #53

The market is as of now down due to this as amid Chinese exchanging session bitcoin was really push down beneath surprising level and presently it is heading underneath $6,000. Bitcoin wouldn't stay bearish always and we would need confidence with cryptographic forms of money and like I have perused some place about what the author has said "government ought to fear us and not we perplexed of government".
so they want to do not only Chinese governments, But many authorities in other countries. They express their opinions about the negative impact cryptocurrency on the economy, as well as the dangers of their national interests. But no facts and explanations are given as an example.
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March 16, 2018, 10:34:26 AM
 #54

The market is as of now down due to this as amid Chinese exchanging session bitcoin was really push down beneath surprising level and presently it is heading underneath $6,000. Bitcoin wouldn't stay bearish always and we would need confidence with cryptographic forms of money and like I have perused some place about what the author has said "government ought to fear us and not we perplexed of government".


Confidence indeed. That doesn't work. With the high influx of noobs into the crypto space, It'll be difficult to achieve such. Whenever there's a slight mention of bad news or negativity, Noobs resolve to panic and immediately dumping tokens. Those set of people are part of the reason why crypto is where it is today.


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March 16, 2018, 10:52:37 AM
 #55

Not only china ban cryptocurrency because most of the country.  But don't affected to them because for sure it will increase agin the rice of the most coins in coinsmarket because even china and other country ban of using this kind of opportunity that they didn't really know.  For sure more country will accept and adapt crypto because they see the really potential of this kind opportunity to earn money.

 
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March 16, 2018, 12:51:28 PM
 #56

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?

Oh come on stop this shit. Who brings such kind of news anyway. If it is really going to ban the crypto then please keep that news in your own country and don't let it come out of the border. This is creating unwanted FUD everywhere and makes our bitcoin to suffer a lot. And off course other crypto coins too.

We should make self awareness really, where we don't allow the news to come out of one country so that it wont scare other people and make the panic situation everywhere. Dont you guys think that it will be far better than whats going on currently. I know its impossible to stop such news in one border but just imagine world like that and we will never have to worry about scary people.

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March 16, 2018, 01:09:01 PM
 #57

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?

It seems to me that this is another speculation in the market. We have repeatedly heard news from China. And this news later turned out to be a fake. Therefore, all news should be rechecked. And draw your own conclusions.
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