Topic: Charlie Lee: Chinese bitcoin FUD is whale manipulation - page 2. (Read 1987 times)
See? I've told this many times that they were just fud'ing about everything right from the start as I understand them very well. They have greed in their blood and can do whatever it takes to shake off the markets to show them that they have now removed themselves out of the game, but they are preparing for maybe a hidden attack soon? This now becomes a question of security to the whole community and I think that this bitcoin gold may also be having few links attached to their plans as well.
The forum is Chinese and I never heard from them stating that China really has what kind of action to ban. It seems to me that it really is fake. Whales are constantly spreading the news constantly and then become even more rich. Those who sell their coins during the panic not only loses his money but makes things easier for the whales to destabilize the situation on the market in the future.
Lol this guy.
Just two days ago he was tweeting that he heard from "trusted sources" that this was just the beginning of the China ban and that things would get much worse from here.
I think we found one of these whales he's talking about...
It doesn't matter though, even if China wasn't planning to ban Bitcoin initially, you can bet your life that they got wind of the influence Bitcoin has with all this drama and they want nothing of it.
So bans ARE in the works, and not only in China, the only thing allowed to be in control and set strict rules are the Governments and banks in these countries, and they are big in numbers.
My prediction is that within a 2-5 year time frame Bitcoin will be illegal in 99% of the worlds countries and only be allowed in Antarctica or some other place where nobody actually lives or does anything with it.
You have to be really naive to think the 0.1% of people holding 99.99% of the worlds wealth will give that up for a silly monopoly money computer program.
Just two days ago he was tweeting that he heard from "trusted sources" that this was just the beginning of the China ban and that things would get much worse from here.
I think we found one of these whales he's talking about...
It doesn't matter though, even if China wasn't planning to ban Bitcoin initially, you can bet your life that they got wind of the influence Bitcoin has with all this drama and they want nothing of it.
So bans ARE in the works, and not only in China, the only thing allowed to be in control and set strict rules are the Governments and banks in these countries, and they are big in numbers.
My prediction is that within a 2-5 year time frame Bitcoin will be illegal in 99% of the worlds countries and only be allowed in Antarctica or some other place where nobody actually lives or does anything with it.
You have to be really naive to think the 0.1% of people holding 99.99% of the worlds wealth will give that up for a silly monopoly money computer program.
This is delusional game theory. 99% of governments have never colluded to do anything, this time it will not be any different. Someone's ban is someone's else gain, meaning that, if a country bans it, another (smarter) country realizes they can now have a bigger piece of the bitcoin pie.
What will be fun is when all of the countries that previously banned it realize their mistake and unban it again, pushing the price up further.
Bitcoins Intention was to brake the banks dictatorship. As we can see, nothing changed with bitcoin. Instead of banks, now whales dominate everything, manipulate and steal.
Wrong. Bitcoin was all about putting fair rules for everyone, and the rules are fair and clean, open source, there are no lies within the protocol. You can never stop whales from forming and you can never stop them from telling lines. If you are stupid enough to fall for the FUD and sell and lose your BTC then that is your problem, not anyone's else or BTC's problem itself.
I also agree with that. Bitcoin gave us an advantage wherein we can all benefit and it is open for everyone not only for a selected few. With that being said, the market already coped up with banning and FUD it got over last September. The price is really going strong as of today its value is $4390 and it might really be nearing at $5000 before November.
Charlie Lee was right all along. There are really big entities behind that manipulated and take advantage and twist the story when China announced the ICO banning. And they are very successful in doing so because the price plummeted to $2900 sending shockwaves to the market. However, when all the dust has settled, we realized that's is pure manipulation and they FUD they created put a lot of investors uncomfortable that's why they immediately push the sell button without realizing what really going on. Its really sad though but I'm sure they have regretted their decisions and buy bitcoin back resulting in the recovery of the price is such short span of time.
I think the fud is not working now as the price is already $4400. The bitcoin is more than many people think.
It did work initially, till the market realized that it was doing the wrong thing - this China announcement dump behavior is repetitive. It's almost a cycle. Currently it may look like things have calmed down, which did indeed happen, but it just takes another announcement coming from China to trigger another selloff. It's stupid that the market falls each time China farts, but as long as people don't realize that China isn't what's thriving Bitcoin anymore, this will continue - people here are too busy focusing on gambling their wealth in this market.
they keep spreading the FUD and keep insisting on foolish things such as China banning bitcoin, China banning mining, ... and manipulate the price while shorting.
you have been told.
https://twitter.com/SatoshiLite/status/911067464796053506
We can't take away the fact that there is a group people trying to manipulate the price of Bitcoin and any other kind of currencies in the world as it is a profitable way for them, it is just that many people believe it fast and act so scared and started to sell their holdings without even trying to clarify if the said news is true or not, even the world's most reliable media networks can report some fake news cause there is no perfect in this world.you have been told.
https://twitter.com/SatoshiLite/status/911067464796053506
If you really trust the future of Bitcoin there is no need for you to doubt it as every now and then it always stays strong and keep on upgrading for the better good. I am holding the days that bitcoin's price plummeted and I don't even bother with that because I believe that it will be bouncing back soon and it really happened.
Yes,its another golden opportunity for big whales to spread FUD and create panic selling to buy cheaper bitcoins.These big whales are continuously getting opportunities like BU,then BCC and now china's ban.This time,its working good for them as it is logic for any one to believe that china would ban bitcoin.But now,it has started to settle and bitcoin price is now $3,960.Its a great time once again for big whales.
I think the fud is not working now as the price is already $4400. The bitcoin is more than many people think.
Yes,china's actions against bitcoin was a golden opportunity for big whales to spread FUD so that they could once again buy more bitcoins at cheap price.They know very well that already bitcoin investors all over the world are already concerned about china's policy on bitcoin.So,even a small spark of negative news about china would create a great price fall in bitcoin.So,the big whales just made use of it and filled their pockets.
Yes,its another golden opportunity for big whales to spread FUD and create panic selling to buy cheaper bitcoins.These big whales are continuously getting opportunities like BU,then BCC and now china's ban.This time,its working good for them as it is logic for any one to believe that china would ban bitcoin.But now,it has started to settle and bitcoin price is now $3,960.Its a great time once again for big whales.
This is the plain old truth which people refused to work with and resulted in a huge dip of bitcoin and many other altcoins because people are usually fooled with such FUD but it's good to see that people like Charlie Lee with some influence/following come out in the open to get the record straight to stop this artificial manipulation from going on. Great to see prices rising once again 
obviously people will play up news to try to make fast money but there is real problems now not all FUD
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
Closing down exchanges is a big step by the Chinese government. The government must have taken into account the fact that this will unnerve a lot of people. Now they will see how the market reacts before taking further action.
the annoying thing about charlie's comments is that the exchange ban wasn't FUD, and that's what drove the price down below $3000. the market didn't react all that much to the FUD about the potential bans on mining and the network itself. i'm tempted to say that the market was already headed there anyway, and that the china news just helped it along.
i will note that btcdrak is the one who dropped the rumor about the government plan to block the network....
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
previous times, it was only rumors. this time, they acted harshly and swiftly. i'm still not sure whether i believe that we are in the clear now regarding more action from the chinese government. but the tweets from charlie do make me feel a bit better.
i will note that btcdrak is the one who dropped the rumor about the government plan to block the network....
obviously people will play up news to try to make fast money but there is real problems now not all FUD
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
previous times, it was only rumors. this time, they acted harshly and swiftly. i'm still not sure whether i believe that we are in the clear now regarding more action from the chinese government. but the tweets from charlie do make me feel a bit better.
obviously people will play up news to try to make fast money but there is real problems now not all FUD
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
obviously people will play up news to try to make fast money but there is real problems now not all FUD
Exactly! Wtf is with China? Wouldn't it be more profitable if they kept pumping Bitcoin?
And I disagree that a ban is in the works. I think it's not gonna be a ban, but some strict regulations set by the PBOC imho.
that has always been the plan.
Chinese are known for doing weird stuff like this and they are notorious when it comes to bitcoin. there has been lots of scams through ICOs which are fund raising in China and being liquidated through exchanges. there has been lots of fraud and money laundering through the same exchanges and lots of other issues.
we should have been surprised if China didn't ban exchanges sooner.
The Chinese govt is building up to their 19th National Congress which is on 18th October.
They always do crackdowns in the lead up, especially of anything linked to capital flight. It's their way of impressing the comrades and proving they're still in control of their country.
Exactly! Wtf is with China? Wouldn't it be more profitable if they kept pumping Bitcoin?
And I disagree that a ban is in the works. I think it's not gonna be a ban, but some strict regulations set by the PBOC imho.
that has always been the plan.
Chinese are known for doing weird stuff like this and they are notorious when it comes to bitcoin. there has been lots of scams through ICOs which are fund raising in China and being liquidated through exchanges. there has been lots of fraud and money laundering through the same exchanges and lots of other issues.
we should have been surprised if China didn't ban exchanges sooner.
Lol this guy.
Just two days ago he was tweeting that he heard from "trusted sources" that this was just the beginning of the China ban and that things would get much worse from here.
I think we found one of these whales he's talking about...
It doesn't matter though, even if China wasn't planning to ban Bitcoin initially, you can bet your life that they got wind of the influence Bitcoin has with all this drama and they want nothing of it.
So bans ARE in the works, and not only in China, the only thing allowed to be in control and set strict rules are the Governments and banks in these countries, and they are big in numbers.
My prediction is that within a 2-5 year time frame Bitcoin will be illegal in 99% of the worlds countries and only be allowed in Antarctica or some other place where nobody actually lives or does anything with it.
You have to be really naive to think the 0.1% of people holding 99.99% of the worlds wealth will give that up for a silly monopoly money computer program.
Just two days ago he was tweeting that he heard from "trusted sources" that this was just the beginning of the China ban and that things would get much worse from here.
I think we found one of these whales he's talking about...
It doesn't matter though, even if China wasn't planning to ban Bitcoin initially, you can bet your life that they got wind of the influence Bitcoin has with all this drama and they want nothing of it.
So bans ARE in the works, and not only in China, the only thing allowed to be in control and set strict rules are the Governments and banks in these countries, and they are big in numbers.
My prediction is that within a 2-5 year time frame Bitcoin will be illegal in 99% of the worlds countries and only be allowed in Antarctica or some other place where nobody actually lives or does anything with it.
You have to be really naive to think the 0.1% of people holding 99.99% of the worlds wealth will give that up for a silly monopoly money computer program.
Exactly! Wtf is with China? Wouldn't it be more profitable if they kept pumping Bitcoin?
And I disagree that a ban is in the works. I think it's not gonna be a ban, but some strict regulations set by the PBOC imho.
they keep spreading the FUD and keep insisting on foolish things such as China banning bitcoin, China banning mining, ... and manipulate the price while shorting.
you have been told.
https://twitter.com/SatoshiLite/status/911067464796053506
you have been told.
https://twitter.com/SatoshiLite/status/911067464796053506
This should be pretty obvious to anyone.
There is a small possibility that the rumors are true but i think it is completely unfeasible for the Chinese government to even try to restrict access to bitcoin and bitcoin mining. It is just impossible to regulate and enforce.
I mean it could happen. But there is no indication that it will. Why would they tell chinese exchanges to give back customer funds before they shut down if they were planning on banning the bitcoin network anyways? It seems like a bunch of people holding short positions are using media to make their profit.
It's so easy to manipulate price with news from China. This means that BTC market is still at a nascent stage. There is a lot of room for growth.
Price manipulation is not that a hard task. In reality the FUD spreading is quite easy with the entire digital currency market. Growth with bitcoin is a true fact and at present the Chinese were the major market generators. This might change, but till that price manipulation and other factors will be in the hands of china as a whole.quite the opposite.
price manipulation and spreading FUD is pretty hard. well to be correct creating and spreading FUD is easy but making it effective is hard. you cal look at @kwukduck for example. he has been bullshitting here for nearly as long as bitcointalk existed and it has never been effective as fast as i can remember. everybody mocks him for his stupidity. and market always does the exact opposite of what @kwukduck says
the effective FUD is when market is dropping and then it has to have some reality to it. you can't just use any lie to create FUD. it always helps when a dumb news site publishes some click bait with your FUD.
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