Chinese ban bitcoin news is 100% pure bullshit - page 2.

janedt

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Activity: 430

Merit: 250

Quote from: BrewMaster on September 08, 2017, 12:13:32 PM

all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):

Quote from: BTCC_Official on September 08, 2017, 12:05:55 PM

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...

But you know, that is really effective. I mean, the price of bitcoin fall again today especially on bitcoin China exchanges, the price fall so hard on that sites. I actually don't know is that news is real or not but i'm sure the price of bitcoin will back to the top again soon. I thought China only ban ICOs.

n0ne

hero member

Activity: 2492

Merit: 548

8ombard - Pick, Play, Prosper!

ICO ban was implemented and the same has caused a fluctuation in the price. Few day back too there was a price fluctuation and people panicked of the sudden drop in price which recovered in a short. Now once again a big drop has taken place, but this keeps fluctuating without moving down beyond certain limit of price which seems to be around $4350.

magneto

hero member

Activity: 1666

Merit: 753

Markets have indeed overreacted in my opinion.

This isn't verified news by any means. The actual exchanges themselves have said that they haven't heard of anything from the regulators, or even a hint of anything bad to come. No exchanges have ceased to exist because of this so called report.

Most likely to be BS, but there is a chance that it is true. But then again, this shouldn't come as a surprise to anyone. China is historically strict on bitcoin, and most people have moved to p2p anyways.

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

http://www.pbc.gov.cn/english/130721/3377816/index.html

All ICO, no BTC or ETH or anything equally harmless.

So far...

error08

hero member

Activity: 1036

Merit: 514

This is an opportunity to buy bitcoin, I prefer to wait until bitcoin fall to the bottom and then buy more cheaper bitcoin.
If you want to risk your bitcoin, go ahead to sell it right now, it's your call but you may regret it if this ban news only FUD.
However, bitcoin price always fluctuate, it just another normal day in bitcoin market.

p0peji

sr. member

Activity: 266

Merit: 250

~~Check BtcChina Twitter, they confirm that they have halted trading.~~ nvm seems that someone was pulling a prank.

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Quote from: afbitcoins on September 08, 2017, 06:12:00 PM

Can't someone think of better FUD, I'm totally bored of the China one Huh

Russia's been trying very hard for a very long time, but they're pathetically amateurish in comparison and shot their bolt far too early.

afbitcoins

legendary

Activity: 2101

Merit: 1061

Can't someone think of better FUD, I'm totally bored of the China one Huh

CyberKuro

hero member

Activity: 798

Merit: 506

If it just a rumor, than nothing to worry. But, can you get the message? Chinese people and miners hold big portion of bitcoin, if China govs ban bitcoin, its price will be crash to $3000 I guess. On the other hand, we will be happy because there are more cheaper coins in circulation waiting to be purchased.
But, this is seems like a fake news obviously.

cashodler

member

Activity: 70

Merit: 10

Coindesk points out Caixin's source predicted the ICO ban two days in advance: https://www.coindesk.com/report-casts-doubt-future-chinas-bitcoin-exchanges/

Now Bitcoin...

hase0278

hero member

Activity: 882

Merit: 544

Quote from: BrewMaster on September 08, 2017, 12:13:32 PM

all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):

Quote from: BTCC_Official on September 08, 2017, 12:05:55 PM

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...

Let them be because FUD is a common thing in bitcoin and those who buys always try to manipulate price for their own profit specially whales. If there is something that we can do it is to not believe them and hold. We can't do something about it if others will believe their lies. Either way it is a good opportunity to buy some bitcoin after all, this FUD is making it cheaper.

bitcoindusts

sr. member

Activity: 1050

Merit: 269

This is funny. See how some people getting desperate to acquire Bitcoin. They even spread a wrong infromation and news regarding exchanges and bitcoin status in China. This sure means that Bitcoin will be going very big in the next months to come. They are playing dirty now Grin

trying to shake weak hands and even stronger one but I guess they will fail badly.

BitMaxz

legendary

Activity: 3248

Merit: 2971

Block halving is coming.

I just found another twit from cnledger here you can look at this ..
https://twitter.com/cnLedger/status/906195967908601856
And i think every news we heard right now are almost fake.. just like what twitter reply that the news are fake..
If you sell right now you will be regret .. so keep holding bitcoin is good thing to keep calm the movement of the price.. and i think there are traders are keep buying large amount of bitcoin right now in the market. .

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: megashira1 on September 08, 2017, 03:36:05 PM

Hypothetically lets say the news was true. What is the price floor? $3600?

If we get panic selling the weekly 20 MA and previous swing high may provide support at $2800 - $3000

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Quote from: megashira1 on September 08, 2017, 03:36:05 PM

Hypothetically lets say the news was true. What is the price floor? $3600?

It's managed a several hundred dollar fall without any confirmation from the big exchanges. If it is true then it'll go lower than that, but equally it's possible that the Chinese price would decouple from everywhere else even more. Was it not sub $3500 at some point today in China anyway?

BitMaxz

legendary

Activity: 3248

Merit: 2971

Block halving is coming.

Quote from: cashodler on September 08, 2017, 03:25:46 PM

SELL now or regret later...

Too many new articles arising hour after hour... and already one bitcoin exchange CEO CONFIRMED the BAN (ViaBTC CEO on twitter).

Also bitcoin and all crypto is selling with a great discount on all chinese exchanges... you can buy Bitcoin with $500 discount there. You think that all Chinese are stupid and just irrational?

What exchange site you are talking about that can gives you a $500 discount let me know looks interesting and hope it is not a scam.
As i can seen the price right now decreased but i was confused well let see if the price can be decrease more..

As i can notice this is another way of whales just like before that giving a fake news.
But for now its really confused if its banning in china and it still alive in other country well i think its not a good idea also other country will be affected..
Well lets see what will happen in few days ..
I just still keep holding rather than selling my bitcoin without any proof of banning or real source if where did you get that news.

megashira1

legendary

Activity: 1146

Merit: 1000

Hypothetically lets say the news was true. What is the price floor? $3600?

Idrisu

sr. member

Activity: 924

Merit: 260

The wales use this to create panic and so that the amatuar trader will sell off they bitcoin cheap to them. Bitcoin cannot be banned by any government as this will lead to black-market bum that will result the coins fell into the hands of evil men. I seriously think this manipulations happened as the part of plans by the Wales to fool others with the intention of making profit.

BitHodler

legendary

Activity: 1526

Merit: 1179

It's insane how this market still falls for China trap news. It shows that despite the major growth we have gone through, some things still haven't changed, and that's quite sad to be honest.

It means that in that aspect the market hasn't been maturing at all ~ the Chinese market went down with like $800/$900 in a matter of minutes, talking about a massively over exaggerated reaction.....

I am at least glad that the western market hasn't let itself go like China did ~ it would be a sad thing that everything we built up till now goes to waste because of fake news.

cashodler

member

Activity: 70

Merit: 10

SELL now or regret later...

Too many new articles arising hour after hour... and already one bitcoin exchange CEO CONFIRMED the BAN (ViaBTC CEO on twitter).

Also bitcoin and all crypto is selling with a great discount on all chinese exchanges... you can buy Bitcoin with $500 discount there. You think that all Chinese are stupid and just irrational?

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