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Author Topic: stop listening to false news  (Read 3566 times)
VashStampede
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February 06, 2018, 06:11:09 AM
 #1

The current "crash" is caused by one bad "news" after another.   A lot of them are the false or twisted truth.

For example, today, once again "China Full ban crypto".   What the...    Why is it causing another crash??  Why is it even "news"?

It was already banned in China back in September 2017.   All trading platforms suspended trading in September.   Anyone from China who still trade Crypto must be using foreign platforms.   Sure, they reported that China added all crypto exchange sites to Great FireWall.   So what?  These people have VPNs!   When I was in China, everyone who visits foreign sites use VPNs.   Yes, China banned VPN as well a long time ago.   So what?  Everyone is still using it.   Just like ignoring the traffic light is illegal in China, but at every intersection, you will see people ignore the red lights... the truth!   Just because it is "illegal", does not mean no one will do it.   

So just this (one) news of China banned Crypto, it was repeatedly used to crash the Crypto market (4 or 5 times).   Do not fall for it!
1.  Summer 2017, China banned ICO.
2.  September 2017, China banned crypto trading.
3.  November or December?  China became unfriendly to crypto mining (Large-scale miners moved oversea already)
4.  January 2018.  China banned websites of foreign crypto exchanges. (VPN!!!)
5.  Today, "China Full Ban Crypto"...  (Really?)

So what is next?
"China really ban crypto"?
"China really full ban crypto"?
"China really really full ban crypto"Huh
"China will jail anyone who trades crypto"Huh
"China will execute anyone who trades crypto"?
"China will nuke every country who trade crypto"Huh??


Stop spreading this nonsense.    What's done was already done in September 2017.   Nothing has changed ever since.  NOTHING really changed in the last 4~5 months.  

Yellow journalism at its best.  


Same goes for Korean and Indian news.   South Korea did not really ban crypto.  Just one guy wanted to ban it.  It was not approved, nor implemented.   So far they have only added regulations that people can no longer trade anonymously.   So what?   Didn't Coinbase, Kraken, Bittrex etc. US-based platforms all require our IDs and photos?  

India also did not ban crypto.  Just a minister made some unfriendly speech toward crypto.  No real "ban" whatsoever.  

From the look of it, someone or some groups are trying hard to make the prices go down.   The sad thing is, people are falling for it.   The same China "news" was used on 5 occasions to cause the market crash while nothing was really changed or happened.   Korean news was used on at least 2 occasions.    

The bottom line is, let's just ignore all the stupid "news".   Use our brains.   Not hearsay from yellow journalism.   It is getting annoying to have every little "news" to impact the market price.  
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February 06, 2018, 06:16:28 AM
 #2

This fake news propogate by some people who want to crush Bitcoin just to buy it in smaller price.
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February 06, 2018, 07:41:09 AM
 #3

September 2017 China banned crypto trading whats the used of it?
Only the government banned the crypto but chinesse people love doing crypto trading so whenever banning or not people not affected false news,ignored with it and just doing what they love.

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February 06, 2018, 07:43:06 AM
 #4

This fake news propogate by some people who want to crush Bitcoin just to buy it in smaller price.
Yes I believe you are right. This could be an inside job, those greedy investors spreading fake news just to cause panic selling to the new investors out there. But even though with all this price drop, I will never lose faith in bitcoin at all.
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February 06, 2018, 08:12:57 AM
 #5

Unfortunately we live in a world now where if you heard it somewhere on the Internet it has to be true. You are completely right that in the past couple of weeks there has just been story after story about bitcoin.
Funny as many big investors missed out on the rapid climb of crypto currency values. I would not be surprised if they get involved now that the value has been driven down by FUD.

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February 06, 2018, 08:19:28 AM
 #6

I never believed in the news that bitcoin would be closed. okay if the government can close the wallet accounts and exchanger for acces it. but my question is, can the government really block this blockchain technology?


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ajjhu
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February 06, 2018, 08:25:52 AM
 #7

The false news has been around us, and many people are intimidated by the news, believing it to be true, so they sell their coins and then distribute more false news in the hope that bitcoin will fall more.
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February 06, 2018, 08:26:57 AM
 #8

I think you'll find the source is better than usual, its the Financial News which is used by the People's Bank of China to put out policy.  They want to stop ordinary people using bitcoin and will do so be blocking access to exchanges outside China (having already banned them inside). Making something illegal doesn't of course stop people doing it, but it does prevent most law abiding people.  Best case scenario is the demand from China will massively reduce.
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February 06, 2018, 08:28:00 AM
 #9

That is not only fake news.... it's just rumors that can be true... everybody wants to protect his own investment.
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February 06, 2018, 08:30:28 AM
 #10

Sometimes its hard for me to identify fake news from legit one....many lives will be ruin if they continue spreading fake news
CryptoProphet
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February 06, 2018, 08:32:45 AM
 #11

Fake news is danger.. more people think that is true and run sell bitcoin without reason.
Fake news create panic sell Angry

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February 06, 2018, 08:34:04 AM
 #12

There must always be winners and losers on the market. On the one hand, it is strange to observe how many cryptoinvestors are so easily prone to panic and manipulation. After all, people who have at least a little experience in this market is clear that this is all the manipulation of major players. On the other hand, it's nice to realize that you do not belong to the category of people who so easily believe in these news. It's nice to realize that you do not belong to the ches losers.

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February 06, 2018, 08:36:14 AM
 #13

False news is simply FUD at its best. They will only toy with your emotions. Torment your mind. And make you make irrational decisions. Study the market and filter what comes into your mind.
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February 06, 2018, 08:37:25 AM
 #14

Yes right, the fuds are kind of ridiculous at times. I wonder how many times China want to ban crypto? Look at the good side to shake the weak hands and for us to buy Bitcoin at a cheap price again.

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Juggy777
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February 06, 2018, 08:39:49 AM
 #15

The current "crash" is caused by one bad "news" after another.   A lot of them are the false or twisted truth.

For example, today, once again "China Full ban crypto".   What the...    Why is it causing another crash??  Why is it even "news"?

It was already banned in China back in September 2017.   All trading platforms suspended trading in September.   Anyone from China who still trade Crypto must be using foreign platforms.   Sure, they reported that China added all crypto exchange sites to Great FireWall.   So what?  These people have VPNs!   When I was in China, everyone who visits foreign sites use VPNs.   Yes, China banned VPN as well a long time ago.   So what?  Everyone is still using it.   Just like ignoring the traffic light is illegal in China, but at every intersection, you will see people ignore the red lights... the truth!   Just because it is "illegal", does not mean no one will do it.   

So just this (one) news of China banned Crypto, it was repeatedly used to crash the Crypto market (4 or 5 times).   Do not fall for it!
1.  Summer 2017, China banned ICO.
2.  September 2017, China banned crypto trading.
3.  November or December?  China became unfriendly to crypto mining (Large-scale miners moved oversea already)
4.  January 2018.  China banned websites of foreign crypto exchanges. (VPN!!!)
5.  Today, "China Full Ban Crypto"...  (Really?)

So what is next?
"China really ban crypto"?
"China really full ban crypto"?
"China really really full ban crypto"Huh
"China will jail anyone who trades crypto"Huh
"China will execute anyone who trades crypto"?
"China will nuke every country who trade crypto"Huh??


Stop spreading this nonsense.    What's done was already done in September 2017.   Nothing has changed ever since.  NOTHING really changed in the last 4~5 months.  

Yellow journalism at its best.  


Same goes for Korean and Indian news.   South Korea did not really ban crypto.  Just one guy wanted to ban it.  It was not approved, nor implemented.   So far they have only added regulations that people can no longer trade anonymously.   So what?   Didn't Coinbase, Kraken, Bittrex etc. US-based platforms all require our IDs and photos?  

India also did not ban crypto.  Just a minister made some unfriendly speech toward crypto.  No real "ban" whatsoever.  

From the look of it, someone or some groups are trying hard to make the prices go down.   The sad thing is, people are falling for it.   The same China "news" was used on 5 occasions to cause the market crash while nothing was really changed or happened.   Korean news was used on at least 2 occasions.    

The bottom line is, let's just ignore all the stupid "news".   Use our brains.   Not hearsay from yellow journalism.   It is getting annoying to have every little "news" to impact the market price.  


I agree with op this fake news is a pain, and what's even surprising is that people are so gullible that they're falling for such news. These corporates and government is eating into the fear and that's bad. We as a community should come together and fight through such news, maybe select a platform and only look at that news. Let's show them the power if Bitcoins and get the price higher. Let's take a pledge not to forward fake news and to blow them off.

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February 06, 2018, 08:44:19 AM
 #16

That's true, fake news are all over, that's why we are experiencing low amount of bitcoin today because of thay fake news making people to make their panic selling which is not helping bitcoin and for most of us. I think bitcoin needs more strategies again so that most investors will come back.
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February 06, 2018, 08:45:20 AM
 #17

People don't want real news.  Real news is boring.  Fake news is fun and exciting.  It is the same with girlfriends.

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February 06, 2018, 08:48:39 AM
 #18

Well, it looks like somebody is really interested in spreading that fake news. And the bad thing is that it's working, and crypto goes down each day Sad
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February 06, 2018, 08:56:23 AM
 #19

Well explained. I agree with you. False news and Yellow journalism everywhere.they represent it in their style and people trust it! make sure it is not about China and India.
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February 10, 2018, 09:22:12 AM
 #20

Well, it looks like somebody is really interested in spreading that fake news. And the bad thing is that it's working, and crypto goes down each day Sad
it is also related to the creator of BitcoinCash Roger Ver. He is like a super-villian in our crypto-world.
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