Bitcoin FUD | Bitcointalksearch.org

MAbtc

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Quote from: Yuhee on September 19, 2017, 02:39:13 AM

Quote from: MAbtc on September 19, 2017, 02:28:35 AM

Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

Well if the ban on ICOs and cryptocurrency exchanges wasn't enough, there is in fact some new FUD in the pipeline. Word has it that the Chinese government is considering blocking access to the Bitcoin network (and others) within China, like they do with Facebook with the GFW. See: https://twitter.com/btcdrak/status/908998917995552776

The latest rumors regard mining. Supposedly, prohibitions on mining are on the table. I wish I could read Chinese, because apparently people are talking about it on 8btc: https://twitter.com/redtheminer/status/909961602018926592

Well kind of normal for users to have some doubts on this things especially the panic it caused during those past few days. But i guess people are easily controlled by the price flow. One day they are in panic but upon seeing the price we became reliant on btc. Even after that chinnese announcement Japan also broke the FUD by reporting to the the world on there positive views on bitcoin.

But there is a big difference between a temporary loss of Chinese trading volumes (e.g. because of the exchange shutdowns) and blocking access to the Bitcoin network within China, or banning mining. The former may have just caused some temporary panic which was quickly absorbed by the market.

But if China bans Bitcoin mining? That will be cause for much more drastic panic. China controls a strong majority of hash power. A Chinese government ban on mining could instantly cause a massive drop in hash rate.

marky89

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Quote from: deadsilent on September 19, 2017, 03:18:08 AM

China ban bitcoin FUD is next. Or China seeing to ban all crypto mining activities. But i think no one will buy that anymore since they can't do that because they are the most biggest player of Bitcoin. They only create FUDs to get handful of bitcoins.

There was a time when I thought this could be the case. But it seems like the Chinese government is in a panic over controlling their currency and limiting capital outflows. When BTC was in a bear market for two years, they could afford to ignore it. If BTC price continues rising, it will be increasingly useful for capital flight. They know this.

They are trying to curb shadow banking, and it looks like they see Bitcoin as part of the same sector. From this perspective, mining is also very problematic for the government, as it basically converts CNY (via electricity) to BTC (capital flight).

MostHigh

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Well FUD will continue coming wouldnt they but am sure bitcoin will survive. As far as i remember this is not the first ban fro China, other countries also did it. US Russia and more and then the split and big name influence. This is not the first and many will follow am pretty sure about that but BTC will definitely survive it all.

Nameless27

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Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

I won't be shocked if the so called "mainstream media" and "banking financier" will come to a new one. Breaking news
"Islamic State of Iraq and Syria also known as ISIS, is into bitcoin and donations through it", the last card that those insecured human beings will used is fear. But do you think it will succeed, it depend on what government will supports it claim. But I don't think it will stop me from doing what I love best "bitcoin".

bitbunnny

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Bitcoin has grown up and become serious player on the financial market and thus a threath to some players there already present. Some will accept Bitcoin and the healthy competition and some will try to make damage to it. That is why the FUD could be also expected in the future and that can't be avoided but the most important is how we react on it.

deadsilent

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China recently bans all ICOs, then stops all exchanges operations, then JP Morgan accusation on Bitcoin. I next is China ban bitcoin FUD is next. Or China seeing to ban all crypto mining activities. But i think no one will buy that anymore since they can't do that because they are the most biggest player of Bitcoin. They only create FUDs to get handful of bitcoins. I think it's enough for this year. Bitcoin will rise up again until the year ends.

figmentofmyass

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Quote from: OmegaStarScream on September 19, 2017, 03:02:11 AM

It will probably be calm for the moment, until November where we will start seeing FUD about how everyone should dump and SegWit2x is going to make a chainsplit and kill bitcoin etc. I don't see why people would fall for this though because the same scenario happened with BitcoinCash and nothing really happened, It was just free money for everybody.

i figured we were going to sail into the sunset for a couple months (september/october), given that the bip91 and BCH uncertainty was all cleared up.... until fear about segwit2x kicked in in november.

there's been two things that have changed that outlook. for one thing, the chinese government is like a black cloud over our heads. first, the ICO ban. then the exchange ban. now they are talking about banning mining?!?!

the other thing is that there seems to be less and less support everyday for segwit2x. no major players (besides f2pool) are backing out of the NYA quite yet, but it seems to have lost momentum. so maybe it will just be roundly rejected and there won't be that much contention heading into november.

buwaytress

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Quote from: iamTom123 on September 19, 2017, 02:20:27 AM

I think it would be ban of exchanges in the American soil...that can create a very dramatic and possibly crippling effect on Bitcoin though it does not mean that Bitcoin will die. However, if things would be the same as they are now, there is no reason why USA will be banning exchanges considering that in my opinion this kind of business is now contributing to the tax coffers of the government. It would be like shooting your own feet.

Not sure US or Japan would go back on their existing deals with regulated exchanges. Coinbase was perhaps the very early giant to get on board with SEC, while its backers (Bitcoin Foundation) enjoys strong ties with the political elite. See what happened what IRS tried to make a move on coinbase: https://www.cryptocoinsnews.com/republicans-slap-irs-coinbase-bitcoin-tax-hunt

Any closure of that alone would result in long-lasting repercussions. Their investors would not take too kindly to that kind of move. NYSE, BBVA for example. And we all know these Americans secretly want to make money with Bitcoin (cough, Dimongate, cough). Like you said, would be shooting your own feet.

Manuj

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Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

It will not be drained. The people behind will always be inventing new ways to pull the price of bitcoin down. But it is just a strategy that will cater to the big whales as well as us in general. That is just a way to allow the buyers to have them at a highly discounted price. Grin

OmegaStarScream

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It will probably be calm for the moment, until November where we will start seeing FUD about how everyone should dump and SegWit2x is going to make a chainsplit and kill bitcoin etc. I don't see why people would fall for this though because the same scenario happened with BitcoinCash and nothing really happened, It was just free money for everybody.

farido

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Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

All the big banks doing FUD then buying 99% of bitcoin, raise price to $1,000,000 then sell it back to the newbs

Argon2

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Activity: 140

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Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

Low price is over...

leea-1334

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Do not be surprised it the next huge FUD comes from India. After China, India is the biggest country in the world. 1 billion plus people. Yes, for now not many Bitcoin users or even exchanges, but I am 100% certain that it is just a market waiting to explode. There may not be as much wealth spread out, but there are a lot of super rich even. Hey, even 1% of 1 billion is 10 million! If we see a demand for non-fiat, we will see the government and central bank there shift uneasily.

Yuhee

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Quote from: MAbtc on September 19, 2017, 02:28:35 AM

Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

Well if the ban on ICOs and cryptocurrency exchanges wasn't enough, there is in fact some new FUD in the pipeline. Word has it that the Chinese government is considering blocking access to the Bitcoin network (and others) within China, like they do with Facebook with the GFW. See: https://twitter.com/btcdrak/status/908998917995552776

The latest rumors regard mining. Supposedly, prohibitions on mining are on the table. I wish I could read Chinese, because apparently people are talking about it on 8btc: https://twitter.com/redtheminer/status/909961602018926592

Well kind of normal for users to have some doubts on this things especially the panic it caused during those past few days. But i guess people are easily controlled by the price flow. One day they are in panic but upon seeing the price we became reliant on btc. Even after that chinnese announcement Japan also broke the FUD by reporting to the the world on there positive views on bitcoin.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

Well if the ban on ICOs and cryptocurrency exchanges wasn't enough, there is in fact some new FUD in the pipeline. Word has it that the Chinese government is considering blocking access to the Bitcoin network (and others) within China, like they do with Facebook with the GFW. See: https://twitter.com/btcdrak/status/908998917995552776

The latest rumors regard mining. Supposedly, prohibitions on mining are on the table. I wish I could read Chinese, because apparently people are talking about it on 8btc: https://twitter.com/redtheminer/status/909961602018926592

iamTom123

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Quote from: MiddleFingerToTheMan on September 19, 2017, 02:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage? What is left to suppress the price? Pretty funny to see the wall street journal panicking & resorting to BS articles now.

I think it would be ban of exchanges in the American soil...that can create a very dramatic and possibly crippling effect on Bitcoin though it does not mean that Bitcoin will die. However, if things would be the same as they are now, there is no reason why USA will be banning exchanges considering that in my opinion this kind of business is now contributing to the tax coffers of the government. It would be like shooting your own feet.

Now another thing that can make Bitcoin go crashed to the ground if is the Japan market would be closed in the same way that China banned the exchanges and the holding of ICOs. Of course, that can be a remote possibility since Japan has fully embraced everything about Bitcoin and had it not been for this country cushioning the blows from China I don't think Bitcoin can be back surging right now. We have many things we have to thank Japan for.

Pursuer

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Where is my ring of blades...

there are countless stuff that can become FUD but the important factor of a good and effective FUD is timing. there needs to be some facts that become exaggerated and that becomes the FUD which causes the drop. the timing has always been "AFTER" the major rallies. each time price rises significantly there is also a significant FUD campaign right afterwards.
it doesn't have to be China, it doesn't even have to be related to bitcoin!

it was China banning ICO, then closing exchanges then JP Morgan bullshit.
previous one was after the previous rally and it was about bitcoin split and die
before it was something else I forgot

before it was ETF rejection by the SEC
before it was another China banning bitcoin (they banned it so many times according to the FUD).
before that it was Bitfinex being insolvent, closing, banks blocking it,...
last year it was bitfinex getting hacked and it was the end of bitcoin (according to FUD)
before it was Russia banning bitcoin
....

MiddleFingerToTheMan

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So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

Topic: Bitcoin FUD (Read 399 times)