winyau8888
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Activity: 131
Merit: 12
I am a baby to cryptocurrency~
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February 23, 2018, 08:03:09 AM |
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Actually, "bad news" is only a lead for the massive drop.
IMHO, the main reason for this drop, more precisely is the huge market correction is just look a few months back, almost all coins rise without any reason. The market is getting too hot and crazy, too many newbies came in and buy without any hesitate. I think for the healthy long run, it is a must to do this even it is a pain for most of us.
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marsmyname
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Activity: 332
Merit: 12
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February 23, 2018, 12:11:21 PM |
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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"  "China will jail anyone who trades crypto" "China will execute anyone who trades crypto"? "China will nuke every country who trade crypto" ?? 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. This fake news are so annoying and it fools almost all of the Bitcoin Community. In this scenario, we should know how to differentiate the truth and the hearsay so that we don't add the toxic community that spreads this false news. This seems so very helpful and recommended to read by everyone. Very helpful suggestion and I am agree with your discussion that there are a lot of people where who are not aware of bitcoin feature and they start spreading news like this. As it is a common proverb that “the more something gets popular it will be hinted by false rumors, so it is the popularity of bitcoin that people get jealous that they don’t have bitcoin so it is good to put this kind of news behind and just make decision with your own experience with bitcoin I bet you will never see anything bad using bitcoin it is all full of profit. |
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Suffoc8
Member
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Activity: 163
Merit: 10
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February 23, 2018, 12:16:15 PM |
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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" "China will jail anyone who trades crypto" "China will execute anyone who trades crypto"? "China will nuke every country who trade crypto" ?? 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. You have a good idea. Reading and believing to a false news makes you ignorant and makes your life terrible. So if I were you, before believing to a news verify it before on sharing it and believing it. |
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carlisle1
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February 23, 2018, 12:20:34 PM |
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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.
thats it mate,government cant make total stopping of crypto unless the Internet will be banned,meaning they will cut the Internet in the whole chinese peninsula so people wont have access on forum.but aslong as internet is there,people will do everything and anything just to continue using cryptocurrencies |
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marcuslong
Legendary
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Activity: 1036
Merit: 1002
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February 23, 2018, 12:24:48 PM |
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I don't listem to fake news, I actually listen to a positive news. coz everyone is entitle to buy bitcoin when it's dip that's normal but if you buy the peak then hodl your bitcoin and don't sell when the market is in dip, those dip made by traders to manipulate the market and mainstream media are the reason why the market is falling down they are spreadsing FUD or fake news. As of now i hodl bitcoin and some altcoins.
This has been a major issue for the entire cryptocurrency, because whenever the growth begins and moves forward reaching a new milestone some sort of fake news gets circulated through different sources. This causes the downfall in the price collapsing the global market capital of the cryptocurrency. I certainly agree that its really a big reason why we're now facing the challenges of our holding to reach to top value. On the other hand, the competition was really rampant nowadays and greediness also tend people to make bad moves against bitcoin's progress. Somehow it erradicate fears on all investors who did more trading, rather than whales who just put their assets in discreet situation. |
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cizatext
Member
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Activity: 952
Merit: 41
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February 23, 2018, 06:30:30 PM |
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In fact the most challenge bitcoin is facing is bad news and false news all caused by the enemy's of bitcoin or even some big investors in bitcoin who want the price of bitcoin to fall in other for them to buy at a low price. The other ones are the financial institution who see bitcoin as a trait to they existence.
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Dudeperfect
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February 23, 2018, 06:53:18 PM |
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Sadly most of the newbies take investment decision based on the articles and social media trends and sadly in most of the cases they lose their capital due to false news or less important hype of anything. The best way to analyse the situation is to find the similar situation that took place much before and checking the impact on the same time frame. Not necessarily such analysis will give the accurate answer but it will at least highlight the possibility of the market moment.
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Spades77
Jr. Member
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Activity: 132
Merit: 1
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February 23, 2018, 07:20:25 PM |
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I agree that fake news are actually being used to create fear, uncertainties and doubts to Bitcoin enthusiasts especially the newbies. This can lead to them doing a panic selling hence will result to dip and more and more people will think that Bitcoin is about to die and all other stuff just to create chaos among us.
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CONOFLEX
Newbie
Offline
Activity: 28
Merit: 0
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February 23, 2018, 07:47:02 PM |
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I agree with you,but if their is smoke their is a fire,all I say we must be careful anything is possible.
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Bellator
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February 23, 2018, 08:50:12 PM |
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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" "China will jail anyone who trades crypto" "China will execute anyone who trades crypto"? "China will nuke every country who trade crypto" ?? 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. It is our main responsibility to get to realize or either do some research about the news thats spreaded to public and do not easily believe on it due to fake news that has false information.This cause bitcoins holders to panic and ruin the trust of its user.Bitcoin has already earn our trust and we believe in its capability to make us have a stable financial success.Every hindrance is a part of every success but we must be strong to face it because there are really people who wants to manipulate the price of bitcoin to dump for some reasons.Let us look at it as a part of a price votality and dont think it negatively. |
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Ms.sagittarian
Newbie
Offline
Activity: 50
Merit: 0
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February 23, 2018, 11:48:53 PM |
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Yes we should choose the right site we will go to.Not all news we hear and watch is true we should choose the right one and truthful
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xiboothrezi
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February 23, 2018, 11:58:51 PM |
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thats it mate,government cant make total stopping of crypto unless the Internet will be banned,meaning they will cut the Internet in the whole chinese peninsula so people wont have access on forum.but aslong as internet is there,people will do everything and anything just to continue using cryptocurrencies
That is, in every problem, there must be a solution. In every rule, there must be a gap as a solution. But some governments are quite cooperative by looking at the many benefits that can be obtained from cryptocurrency. Related technology. It can not be stopped or prevented, just need to find a solution as preventive to prevent negative things. |
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kalawang
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February 24, 2018, 12:07:41 AM |
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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" "China will jail anyone who trades crypto" "China will execute anyone who trades crypto"? "China will nuke every country who trade crypto" ?? 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. Dont just believed easier with some news we seen through internet or different site. Some of it are fake news that might lead to destroying the image of bitcoin. And also the country who used this. Do some research and make it sure it is true before spreading out. |
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Blessed J
Newbie
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Activity: 178
Merit: 0
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February 24, 2018, 01:07:32 AM |
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I think these false news are the reasons for the fall in prices. These false news causes panic and people start selling at cheaper and these leads to the drop in the prices of the bitcoin. What people should know is that cryptocurrency is the future and it is here to stay.
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magicmeyk
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February 24, 2018, 01:20:39 AM |
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Exactly! Newbies are the one who are panicking of fakes news because they still don't know the flow of bitcoin and only relying on so called expect saying bitcoin will fall.
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miradorme
Newbie
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Activity: 148
Merit: 0
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February 24, 2018, 01:26:15 AM |
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This fake news propogate by some people who want to crush Bitcoin just to buy it in smaller price.
More on news now are fake. So avoid to listen or watch fake news. Because their are people who spread the news but its useless. You stress your self. Just focus on what you do everyday. |
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ivannnn
Newbie
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Activity: 14
Merit: 0
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February 24, 2018, 01:29:22 AM |
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More people think the fake news is true and run sell bitcoin without reason.
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Ljanesanti
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February 24, 2018, 02:11:22 AM |
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Due to this repeated fake news, the price of bitcoin has been continually decreasing. This result to a lot of panic selling, due to this FUD. They believe and then share this news creating a cascading effect.
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maydna
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February 24, 2018, 04:17:43 AM |
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Due to this repeated fake news, the price of bitcoin has been continually decreasing. This result to a lot of panic selling, due to this FUD. They believe and then share this news creating a cascading effect.
they create a fake news to make people panic and selling their bitcoin so they can buy bitcoin at a lower price. they expecting to do this and they prepare a huge money to buy a lot of bitcoin. but if for new people could know that if one or more fake news is out, they don't have to be panic and just stay calm and still hold the bitcoin they have, I am sure that the price is not down too far and maybe the price could reach the high price because the fake news is not working for the people. |
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hot_ads
Member
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Activity: 299
Merit: 15
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February 24, 2018, 04:54:03 AM |
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As a Chinese, I bother for my country, every two days will be the one for BTC the bearer of bad news, we later for this kind of thing has been felt angry, is all some bad guys all day three wave these messages, BTC is actually not too big relations with China.
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