Topic: Charlie Lee: China Bitcoin Mining Ban Rumors are False - page 3. (Read 1518 times)
Bitcoin seems to be maintaining some strength. Remember, Btc was only around $2700 USD at the end of July. That's less that 2 months ago. If China was shutting down the miners, the price would have fallen below the July price.
Good thing if it's false but we are not 100% sure unless it won't really happen. What's sure is that these claimed fake news before (ICOs & Exchanges Ban) bacame true and affected the Bitcoin price indeed. Most people panic as they might lose their investment so if this Mining Ban news become true as well, most people will sell their holdings again which will most likey lead to another price fall.
Charlie Lee is definitely one of the more credible sources of information in regards to this type of stuff. I am definitely taking note.
Yes, Charlie Lee can be more credible that all the others who are just spreading FUD and fake news so they can manipulate the market (just like what this Demon of JPMorgan is doing). And since Charlie is a Chinese too then probably he really got some high-ranking connections that he can speak with for many issues affecting Bitcoin in China. We will see if Charlie can be right on China not touching the Bitcoin mining sector.
This is the news I was wating for. I never believed that China will ban the bitcoin mining. It is too important for the Chinese economy. I am wating for 30 September to be certain that this is true and then I will reinvest some money into them. I must say that I am very happy now that I read this. Thank you for this truly wonderful news. Let's wait until 30 September however.
Everything is still an issue and I hope the Chinese government is not banned bitcoin, they should think about the negative impacts for its citizens involved in bitcoin business, more than 15 billion USD bitcoin marketcap in china.
I remember people saying "the news is false" about the ban on ICOs. Then i remember people crying "fake news!" About the reports that China banning bitcoin exchanges. Both of those rumors turned out to be true.
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
Charlie Lee actually claimed that both news were true. That's the first one from the recent events that he claims to be fake news, which is the reason why I prefer to trust his words this time. I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
And of course they will say that every bad news is actually just FUD. People will usually tend to avoid the truth when there are news about something as bad as China banning exchanges or even Bitcoin. Why would you want Bitcoin to get dumped in the market?
I remember people saying "the news is false" about the ban on ICOs. Then i remember people crying "fake news!" About the reports that China banning bitcoin exchanges. Both of those rumors turned out to be true.
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
What are you referring to as FAKE NEWS? Is it the China banning ICOs and bitcoin exchanges OR Charlie Lee saying that these rumors are FALSE? Lol. Whatever it is, I believe that Charlie Lee is more reliable than those RUMOR MAKERS who keep on telling that China gonna ban ICOs and bitcoin. I believe, Charlie Lee knows better than most rumor makers. Those people are trying to condition the minds of people that bitcoin will be a failure in the future, but majority of bitcoin users have their trust on bitcoin. I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
Good to know that there is some relatively credible info in the sea of FUD we've been having, I haven't really been paying an insane amount of attention to the ban but I have been keeping track of the market (and the affect the news is apparently having on the various investors). I heard that in China BTC started to trade around $2.6k at the bottom, so it sounds like there were some serious issues going on at some point. No idea what the situation is looking like right now.
If bitcoin mining banned true will certainly make the stock bitcoin drop and this will bring the impact of bitcoin prices skyrocket. but I hope bitcoin mining banned is just a rumor and will never happen in china and anywhere.
I remember people saying "the news is false" about the ban on ICOs. Then i remember people crying "fake news!" About the reports that China banning bitcoin exchanges. Both of those rumors turned out to be true.
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
What was only rumors has become reality, but I've never find an article/news that mentioned about China regulators will shut down mining operations as well. Which mean; there's no any further information about this rumor, I don't buy it but better to prepare before the storm hit us. All of this down trend because people believe in the news, even though it's true but at least we're not involved to dump bitcoin, how the market react because of China is unbelievable.
yup.. people always trust with the news rumors.. and weak-hand follow that news too. We need smart people, to strengthen the bitcoin and counteract the bitcoin-related bad issues. if we are always fixated on fake news, it's proof that we are still weak, we have to be strong because what we will actually face are the government and central bank. and I think they are a very scary specter.
I remember people saying "the news is false" about the ban on ICOs. Then i remember people crying "fake news!" About the reports that China banning bitcoin exchanges. Both of those rumors turned out to be true.
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
What was only rumors has become reality, but I've never find an article/news that mentioned about China regulators will shut down mining operations as well. Which mean; there's no any further information about this rumor, I don't buy it but better to prepare before the storm hit us. All of this down trend because people believe in the news, even though it's true but at least we're not involved to dump bitcoin, how the market react because of China is unbelievable.
yup.. people always trust with the news rumors.. and weak-hand follow that news too. We need smart people, to strengthen the bitcoin and counteract the bitcoin-related bad issues. if we are always fixated on fake news, it's proof that we are still weak, we have to be strong because what we will actually face are the government and central bank. and I think they are a very scary specter.
Looks that the Chinese people are just trying to manipulate the market of bitcoin so they can bring down the price and get a better deal price with bitcoin. The price of bitcoin right now is falling down but if the chinese bad news or rumors are just false alarm then we should buy right now and wait for the price of bitcoin to go up after confirmation of fake news.
China keeps on monopolizing everything and that really sucks. They seem very dictatorial in terms of economy and I think bitcoin is likely a commodity to me now just like oil. If this continues bitcoin is not a bitcoin no more. I hate manipulators, but who are we to stop them.
I never believed it from the start. I know the communistic but that is going to far trying to take enterprising careers from its citizens doesn't look or go down well with other countries. That is too much control that will prevent evolution.
I remember people saying "the news is false" about the ban on ICOs. Then i remember people crying "fake news!" About the reports that China banning bitcoin exchanges. Both of those rumors turned out to be true.
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
Except Charlie Lee predicted exchange closure days before it happened. Maybe it doesn't mean that he is always right, but at least his sources are somewhat credible. There are also rumors that exchanges will open again after getting licenses so in this case there will be no ban. Also now is the perfect time for fake rumors and FUD, because rumors about closure of exchanges got confirmed. But we usually don't have any trusted sources for such rumors (except maybe Charlie Lee) so it's hard to know which ones are fake.
Charlie Lee is definitely one of the more credible sources of information in regards to this type of stuff. I am definitely taking note.
Well his brother owns and ran the BTCC exchange, so he probably has some official contacts via his brother. That means he knows more about what is going on in China than some random person.
I really have no idea about it whether it's just a rumor or a reality. The previous two rumors about China banning ICO and exchanges turned out to be true and hence people are believing the news of banning mining as well. But I really hope that China will at least not ban mining operations in its soil. If it happens in real, that is going to work as a massive shock on the bitcoin network. We will see bitcoin price sinking only from the current level.
I remember people saying "the news is false" about the ban on ICOs. Then i remember people crying "fake news!" About the reports that China banning bitcoin exchanges. Both of those rumors turned out to be true.
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
I think i'll take this one as true.
"YOU'RE FAKE NEWS!", BA!
What was only rumors has become reality, but I've never find an article/news that mentioned about China regulators will shut down mining operations as well. Which mean; there's no any further information about this rumor, I don't buy it but better to prepare before the storm hit us. All of this down trend because people believe in the news, even though it's true but at least we're not involved to dump bitcoin, how the market react because of China is unbelievable.
Keep in mind that the big miners are essentially the big exchange operators. btcc exchange run their own pool. so does viabtc.
so exchanges ban is going to significantly affect the their cash flow source being that exchange no longer has any cryptocurrency/fiat pair.
The miners have hard time to gather cash to pay for the expenses. the exchange operators have a hard time gather cash for their servers....so essentially they have to rely on OTC trades to exchange cryptos for cash whereas before they can just withdraw exchange cryptos to fiat and then withdraw fiat to their bank accounts.
so exchanges ban is going to significantly affect the their cash flow source being that exchange no longer has any cryptocurrency/fiat pair.
The miners have hard time to gather cash to pay for the expenses. the exchange operators have a hard time gather cash for their servers....so essentially they have to rely on OTC trades to exchange cryptos for cash whereas before they can just withdraw exchange cryptos to fiat and then withdraw fiat to their bank accounts.
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