China's memo regarding bitcoin is fake

[Choyor]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

Yes, of course succeed with the current price reduction, and is a successful manipulation if this news is true, the problem is too much news about similar things circulating in society so we do not know which news we can trust.

[Sarastiche]

Reading several news daily,No matter the issue,against Bitcoin,it is surea project that has  stand the test of time, what is the source of your news

[BTCMILLIONAIRE]

Quite suspicious if this is caused by a hacker. Why would PBoC let such a thing slip for days or weeks before taking action and releasing a statement that it is not them? Something doesn't pan out in here. Just like the past China events, I'm not buying this one. It's a major FUD caused by their own handle and surely they'd immediately take it down or release some statements to claim that it isn't them who published those.

Whatever the reason is, it already caused a massive panic on the market at the end of the day.

I'm genuinely surprised that people still care about any news out of China. They've been playing the same game for such a long time that everybody should've learned by now.

[oginiimaoyani]

Now lets focus on the future bitcoin will certainly bounce back and every one that held back bitcoin without selling at the low price will smile.

[Kemarit]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

Here's my take on this. Everyone should take everything coming from China with a grain of salt. Since the sudden U-turn we have heard numerous fake news from them, and now it clearly says that they are really creating massive FUD to bring crypto to its knees. There was one thread, I can't remember posting about this but with no links so I presumed that this is already fake news but the damaged has been done. So I urge everyone, to be really careful and cautious of everything they read, specially coming from China or Russia.

[bitfocus]

China bans bitcoin and the tries to make the market unstable - what the hell these guys want! Whatever, Bitcoin is too big for any silly and corrupted dictator country like China to kill.

[BTCMILLIONAIRE]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

Here's my take on this. Everyone should take everything coming from China with a grain of salt. Since the sudden U-turn we have heard numerous fake news from them, and now it clearly says that they are really creating massive FUD to bring crypto to its knees. There was one thread, I can't remember posting about this but with no links so I presumed that this is already fake news but the damaged has been done. So I urge everyone, to be really careful and cautious of everything they read, specially coming from China or Russia.

I honestly don't think that the China FUD even mattered all that much. A correction was imminent after such a major bull run. China might have been a catalyst, but I don't think it triggered anything that wouldn't have happened anyways. If anything, they might've helped us by correcting the market and thus preparing it for a strong 2018.

[1Referee]

China bans bitcoin and the tries to make the market unstable - what the hell these guys want!

Is it still not obvious? They want YOUR coins, and that time on time again. I don't know if the memo concerning the recent China news is fake, but it doesn't really matter. In a market where the stakes are so insanely high, it's not possible to differentiate fake from genuine news anymore. I rather continue to focus on my own target, which throughout the years hasn't changed. People hold something more valuable and usable than Gold will ever be, but they still don't seem to realize that.

Whatever, Bitcoin is too big for any silly and corrupted dictator country like China to kill.

China doesn't want to kill Bitcoin. If that was really their intention, they would have taken the necessary actions against everything related to crypto years ago already. China is playing a dirty game here, and that game seems to be paying off nicely for them due to how stupid the general person is in this market.

[loragean03]

the good question is, why PBOC didn't claimed that they got hacked and the NEWS that creates more panic in the past few month is wasn't from them, it tooks weeks before they declared that they got hacked. I think theres a biggest manipulation in whole bitcoin price by this whales from china. and they got what they want, they bring bitcoin price down.

[Piterg]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

This is all manipulation, hardly one person is involved, negative information came from all over the world, it was a special step to drop bitcoin. And they achieved this, many closed their positions unprofitable. Friends now on the market are very big money and I think that we are waiting for a very good growth.

[marcbitcoins]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

Many of us for sure will be confuse to which news we will going to believe because i alone read it in all popular sites that China will ban the crypto currencies in their country in which South Korea also asking the help of China to support their movement on how to limit the existence of digital currencies in their country. Anyway, this development is good in which it will help to improve our support to Bitcoin currency and we will hope that this news is for real that we will not going to lost the support of the Chinese people.

[trickyriky]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

Can you provide the source of the news you wrote? I just wont to check which news are more reliable?

I wish this news could be fake, but I do not think so unfortunately. Until I see the trusted sourse of information with it, I will have many doubts about it.

[Ayaancool]

China regarding bitcoin as fake because they need to turn all their people into their own crypto. I heard that China is going to introduce their own new crypto.

[DroidR17A]

What is your reference? You need to post an article that will support this claim so that people in this forum will believe you. Spreading false news creates a huge impact in the crypto market and we don't want anymore fake news. Similar to what the previous news about China is trying to claim, who knows? This post might be a culprit in the coin's price fluctuation. Always provide links about news. It is for your credibility's sake.

Ummm, he did. You just need to read the posts and look for the link.  You can validate it through numerous other sources too:

http://www.scmp.com/business/article/2132379/us-news-groups-targeted-bogus-email-claiming-widening-hong-kong-bitcoin#comments

https://www.financemagnates.com/cryptocurrency/news/bogus-email-sent-chinas-central-bank-mailbox-bitcoin-crackdown/

https://www.finder.com.au/chinas-cryptocurrency-ban-is-a-hoax-sent-from-a-hacked-email-south-china-morning-post

[daarul50]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

I suspect that the news is part of the game of the rich and greedy people who have a lot of bitcoin and want to reap the rewards of the price declines they managed to create in the crypto market. However, we should not lose to them because we can still take advantage of the incident to buy bitcoin from now in order to benefit in the future because bitcoin is a digital set whose prospect is very good for the long term.

[HongKong]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

The topic title is "Clickbait". I thought that China was actually calling Bitcoin a fake thing...
The source code is open source and can counter that anyway.

[turagsoy123456]

I'll tell you more. Such manipulations are not the first time and experienced investors and traders are not surprised. All these negative news, most often come out during the fall of the crypto currency market, to lower the rate even lower and large investors could purchase currencies at the most favorable prices.

It was the hacker who spread the fake news that china banning cryptoccurencies traders and ICOs including foriegn exchanges.which is also the one of the root cause problem why the price of bitcoin put in very critical situations very rapidly sink down. Its because of this hackers including the media who is responsible for the spread of the fake news.
 

[hydeevanz]

There is article who always has negative about bitcoins. I don't think that China's memo regarding bitcoin is fake because it was an obvious than they even used bitcoin for transactions. Maybe the article you've read doesn't have reliable sources. The one who is affected about this are those people living in China who buy and invest on bitcoin because they might end up thinking that the coins they have in their wallet might devalue.

[gua86402]

Where does your message come from?

As far as I know, China's digital currency mines are moving out of China, and some exchanges have already banned Chinese residents from trading!

There has been no further news recently, possibly because of the Spring Festival in China! A lot of real work is slowing down!

[eaLiTy]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

I am not sure  whether the news coming out of China is true or not,i would like to ask you ,from where you got this information and can you link the news to any legit news site.What ever be the case,the Chinese government is pushing too much and since majority of the bitcoin mining farm is situated in China there will be a time when the government ask to stop those activities too and so more companies are planning to migrate to other countries like Canada to carry on with the mining operations.