The fact that China is constantly spreading this FUD is really bullish news in my opinion. Would you spread FUD about something that you think is just going to die off? No.
They want to keep the price down & load up on it as much as possible while it's still below 10k
Topic: FAKE CHINESE NEWS, DO NOT SELL FROM FEAR, HODL TO THE MOON (Read 1146 times)
Why are you guys calling this fake news? If China wants to get rid of exchanges I don't see what is stopping them or how this is fake news to drive down the price. I mean, I guess it makes sense to do that. I don't think it is unrealistic for China to shut down their exchanges.
because the news says "China is going to ban all cryptocurrencies including bitcoin". which is a big ass lie.
the reality of the news like always is to regulate it and set certain rules of these unregulated and illegal exchanges to make them legal and also prevent things like money laundering which is pretty common among them.
a couple of months ago there was the same news saying China regulating exchanges but it was interpreted as China banning bitcoin!!!
in the end it is all a game to toy with the price and buy cheap coins and make profit which was otherwise impossible to make!
News of the Bitcoin is always a sensitive issue for investors and traders.When news disadvantage BTC launched sure people will panic, and believe that it's true. Domino effect started happening with BTC, it is an opportunity for traders and investors buy Atlcoin more profit from buying cheap Atlcoin.
history repeats itself... over and over again. and each time people seem to have Alzheimer's disease and forget the last time it happened. my grandmother has a better memory than that!
Chinese talk about eliminating illegal activities that criminals are doing and the news oversees says China is banning bitcoin. that is really absurd and it is getting see through now because of over-usage. and yet it seems to be effective.
which raises the question that maybe people like it this way. maybe they are all aware of how fake this is but they intentionally spread it and dump it to make more profit.
Chinese talk about eliminating illegal activities that criminals are doing and the news oversees says China is banning bitcoin. that is really absurd and it is getting see through now because of over-usage. and yet it seems to be effective.
which raises the question that maybe people like it this way. maybe they are all aware of how fake this is but they intentionally spread it and dump it to make more profit.
Why are you guys calling this fake news? If China wants to get rid of exchanges I don't see what is stopping them or how this is fake news to drive down the price. I mean, I guess it makes sense to do that. I don't think it is unrealistic for China to shut down their exchanges.
I could see China building their own government website where that is the only place where Bitcoin trading is allowed. Other exchanges would cease to exist due to excessive lawsuits against them.
I could see China building their own government website where that is the only place where Bitcoin trading is allowed. Other exchanges would cease to exist due to excessive lawsuits against them.
even though the news is true. I still will not sell my bitcoin whatever happens. all the news and all the dumps that happened lately I think it's just an issue to drop the "temporary" bitcoin price. I'm sure bitcoin can get through it all and again show a remarkable development.
Selling just because of panic or fear are always the worst things to do. Don't bother what Chinese have done this is not sustainable anyway, just stick to your plans with bitcoin and if you have decided to hold then do so. Somehow it seems to me that all this China story was created with some nasty purpose.
Chinese are known for creating fud just after a good bull trend on whole crypto market and most of the time they also got success like today.
Crypto market is full of panic sellers and the one who is quite wise will just keep on making profit from every dip in price.
Crypto market is full of panic sellers and the one who is quite wise will just keep on making profit from every dip in price.
Yeah. And if you look at it, there timing it when the price of bitcoin is going strong which lead me to speculate that someone benefits from this FUD, specially the whalers from China. And not only one but twice in a week they created this FUD putting the price of bitcoin at their mercy. However, we have seen this and we will not be affected by it. Bitcoin has the full trust on may investors including a country. So the logically choice for most of us is to hodl and not panic at this trying times.
I think there is no way China would outright ban Bitcoins. Due to their low electricity rates they are a world leader in mining... you think they will just throw it away? I don't think so!
They can if the government really want to heck they even inflate their currency without bases. If those miners wont bribe those corrupt officials there is chance it will happen, the government of china are crazy if you talk bad about the government you will be imprison.
I think there is no way China would outright ban Bitcoins. Due to their low electricity rates they are a world leader in mining... you think they will just throw it away? I don't think so!
My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.
Don't sell your coins unless you need that money so urgently and you don't have any other options. Because functions in cryptocurrency industry are common because no one is regulating it so it is mostly by big whales. Hold on to it tightly you will surely get a chance to sell your coins at higher than 4.6K. If you sell then you making the loss.
Personally I do not want to do them that favor and give them cheap coins on my costs.
I'm holding, and I hope most others will do so too!
https://www.reddit.com/r/BitcoinMarkets/comments/6yv7ux/bitcoin_crash_of_8_september_due_to_fake_chinese/
http://webcache.googleusercontent.com/search?client=safari&rls=en&q=cache:www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/&ie=UTF-8&oe=UTF-8&gws_rd=cr&dcr=0&ei=hLuyWbuoKsSJ8wXRurqICA
Common knowledge for the seasoned investor. China BS (faked) news always falls on a Friday. Fake news is easy to spot and easy to predict. 🤓 http://webcache.googleusercontent.com/search?client=safari&rls=en&q=cache:www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/&ie=UTF-8&oe=UTF-8&gws_rd=cr&dcr=0&ei=hLuyWbuoKsSJ8wXRurqICA
People should sell their Segwit coins anyway. This bubble is popping. Buy Bitcoin Cash.
I am looking at the exchange rates for the past 24 hours. Bitcoin has dropped by 10% and Bitcoin Cash has dropped by 13%. If BCH is so much better, then why it is dropping even more than Bitcoin? All the coins are going down. The Bitcoin exchange rates in some of the Chinese exchanges have hit as low as $3,600. Reminds me of the crash in 2013 December.
My problem is I bought at $4.6k and was waiting for the price to break even again after the chinese announced the initial regulation, which was fair enough. Was just about to get there and then this happened so now I'm seriously considering just selling out and buying back in lower while risking a $500 loss but it's so damn difficult to decide.
Don't sell your coins unless you need that money so urgently and you don't have any other options. Because functions in cryptocurrency industry are common because no one is regulating it so it is mostly by big whales. Hold on to it tightly you will surely get a chance to sell your coins at higher than 4.6K. If you sell then you making the loss.
My plan is to HODL yes, it's just very frustrating seeing that I invested at the right time (as we were on a steady recovery after the $5k dip) from 4.6k up to 4.7k and then the chinese came along and starting chatting shit about ICO regulations (which I am aware does not include BTC, although many think it does hence the panic sell) and then just as we recover back to 4.6k testing 4.7k again they come out and start saying they're going to shut down all exchanges. It's just saddening to see the political class trying to manipulate the markets for their own gain, it's obvious they're just doing it to make people panic sell and then buy back in cheaper. Thankfully, the price seems to have stabilised now around the 4.3k mark, touchwood. I love the community of BTC and the passion of it's owners, as well as the fact the currency itself is not controlled by banks or centralised institutions. I want to sell out when I break even, wait for the next crash (which will happen) and then buy back in with more capital (around $10k). If Bitcoin doesn't crash again, there's plenty of altcoins for profit potential; so I think I'm doing a smart thing here, any comments?
Yeah it sucks when you made a good buy then idiots come and crap all over it. I'd stay at least partly in bitcoins if you're thinking about alts because they usually follow the price of bitcoins.
https://www.reddit.com/r/BitcoinMarkets/comments/6yv7ux/bitcoin_crash_of_8_september_due_to_fake_chinese/
http://webcache.googleusercontent.com/search?client=safari&rls=en&q=cache:www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/&ie=UTF-8&oe=UTF-8&gws_rd=cr&dcr=0&ei=hLuyWbuoKsSJ8wXRurqICA
Maybe they want to buy again at a cheap price, and want to cut as much as possible digital assets, do not be too easy to trust the media http://webcache.googleusercontent.com/search?client=safari&rls=en&q=cache:www.allcryptocurrencies.news/bitcoin/bitcoin-crash-of-8-september-due-to-fake-chinese-news/&ie=UTF-8&oe=UTF-8&gws_rd=cr&dcr=0&ei=hLuyWbuoKsSJ8wXRurqICA
It got to do something with BitcoinCash. My speculation is that Chinese want to pump BCC more and more, in order to do that they try to put fear in BTC holders and panic sellers. I dont think its gonna work with everyone because nowadays people prefer to hold even if the price dips 25%.
Eventually after releasing this news I had the gut feeling that this is just more of a propaganda so that newbies or lets say the non veterens would panicked sell their bitcoins or holdings. This was never new in exchange business like stock market as well. Feud will be lit up and from there big tycoons will take the opportunity to surface and buy. Chaos indeed is not a pit, it is a ladder.
They are spreading fake news so that those who just enter the crypto world would panic and sell at a lower price giving them the whales the opportunity to buy lower. Of course with the recent news of banning the ICOs and the price went down in just a short period of time and then just recovering from the fall and then another bad news would make the people who are still recovering from the previous fall worried and then panic sell because they are afraid bitcoin would continue to fall down. Those veteran may also sell but would take the opportunity to buy lower because they knew that it happen many times in the past and market will recover sooner or later.
Most of the newbies would either hold or just sell their bitcoin and then depending on their risk appetite whether they would buy again on the dip or if their risk appetite is really low then would decide its not for them and totally leave crypto trading. I am still a newbie as well and I panic sell before but learned my lesson so I did not budge when the price went down because I believe it will go back up again. What I am aiming for is long term and not short term.
People should sell their Segwit coins anyway. This bubble is popping. Buy Bitcoin Cash.
I am looking at the exchange rates for the past 24 hours. Bitcoin has dropped by 10% and Bitcoin Cash has dropped by 13%. If BCH is so much better, then why it is dropping even more than Bitcoin? All the coins are going down. The Bitcoin exchange rates in some of the Chinese exchanges have hit as low as $3,600. Reminds me of the crash in 2013 December.
Chinese are known for creating fud just after a good bull trend on whole crypto market and most of the time they also got success like today.
Crypto market is full of panic sellers and the one who is quite wise will just keep on making profit from every dip in price.
Crypto market is full of panic sellers and the one who is quite wise will just keep on making profit from every dip in price.
Panic selling is very common especially to newbies and beginners. I did just that when I was a beginner as well. In fact, last July before the SegWit2x that started to be implemented on August 1, when bitcoin went as low as $2900, I was really afraid that it would be a free fall until who knows what value. I was dumbfounded after that, seeing bitcoin go back reaching beyond $3000 very quickly.
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