Topic: Is the China FUD over ? (Read 2445 times)
Probably not over, the government will be indefinitely involved and the situation can only get more complex from here.
Forget China with their bad ideology.
let's look at a great country, Japan has taken over the trade in the World. It's amazing 50% of trading is there.
This is amazing because japan has taken their best moment. A country that 100% has legalized Bitcoin trading, we must learn to Japan not China.
Wow that was great, one of the rich in technology country was taking over the trading community. I hope Japan sustain their supports in bitcoin trading. Because if they cut it immediately almost all trading in bitcoin will be fall down.let's look at a great country, Japan has taken over the trade in the World. It's amazing 50% of trading is there.
This is amazing because japan has taken their best moment. A country that 100% has legalized Bitcoin trading, we must learn to Japan not China.
the most feared thing is that China is politicizing Bitcoin.
all in control and ignore some countries that do FUD.
For those who didn't know, China will host their 19th National Congress on the October 18, 2017!
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.
I figured the same. It's all politic.
On the bright side, the US might allow Bitcoin to be traded on the exchange via EFT. Bitcoin will explode when that happen and China ban will have no affect.
For those who didn't know, China will host their 19th National Congress on the October 18, 2017!
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.
The reason ICO & Bitcoin exchange was clamp down is because they don't want any troubles and questions raised on the congress which may threaten president Xi Jinping's third renewal.
After the congress we'll expect some light to Bitcoin from there.
Regulation isn't bad. It's actually a good thing, means we are on the right path.
china has a plan for long term, that means that the ban will continue, but slowly so the people of china be scared to use bitcoin, the china plan is make their fiat currency the first one of the world and bicoin is dangerous for that plan, but at the end china will lose this war against bitcoin.
First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
I was pretty hopeful that the wave of bad news would be done after the market absorbed the ICO and exchange bans. But it sounds like there is more to come. I haven't seen any reputable sources confirm the story about banning the Bitcoin network itself. But there are reputable VCs with sources on the ground who are saying, "we haven’t seen the worst yet." Apparently we're talking about a complete ban on OTC trading at least. We could even be looking at a mining ban, or a state takeover of mining operations: https://twitter.com/bitcom21/status/910579445198602240
The FUD is strong right now...
There are rumours too, about banning mining or the Chinese govt taking over mining.
The only way to completely end the whole China hassle is for mining to restart in the rest of the world. I understand that now that the Japanese have legalised bitcoin, several big conglomorates have expressed an intention to get into mining. If so, that would really stabalise bitcoin because the mining would be done in a state that had legalised it, and would be backed by mainstream business not shady operators no-one knows anything about.
Can more china FUD affect crypto prices ?
It may affect still considering that the china market is pretty large that it can really make a significant dent in prices of crypto. But no need to make a fuss of this. The entire crypto is so huge that china is just one factor of its growth. It is not the all and be all of crypto.
I initially thought it was fud, then it seemed to be something more serious with exchanges getting "banned" (temporarily?), now we'll have to wait and see.
I don't think it's over yet.
I don't think it's over yet.
Its not over, they want to ban mining now
in some time they will relax for a year, and then come back
it will never stop since they can influence the price like that
in some time they will relax for a year, and then come back
it will never stop since they can influence the price like that
First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
I was pretty hopeful that the wave of bad news would be done after the market absorbed the ICO and exchange bans. But it sounds like there is more to come. I haven't seen any reputable sources confirm the story about banning the Bitcoin network itself. But there are reputable VCs with sources on the ground who are saying, "we haven’t seen the worst yet." Apparently we're talking about a complete ban on OTC trading at least. We could even be looking at a mining ban, or a state takeover of mining operations: https://twitter.com/bitcom21/status/910579445198602240
The FUD is strong right now...
the impact is only momentary. and it's all proven with the starting price of cryptocurrency stable. I am very sure that cryptocurrency is not that easy to fall
It is not easy to falll, the dips wete mormal due to the users who are in panic but everything can recover since crypto were really useful nowadays especially in businesses. 
the impact is only momentary. and it's all proven with the starting price of cryptocurrency stable. I am very sure that cryptocurrency is not that easy to fall
Can more china FUD affect crypto prices ?
Yes it will definitely affect the crypto prices, why? As the traders, holders, miners are doing the same thing when hearing these such FUD even without verification and they do sell. This really affects a lot the whole crypto market, the whole crypto kingdom. And currently, the price seems to be down again and is this another FUD from China? But we'll eventually recover and endure these FUDs later on.
Can more china FUD affect crypto prices ?
First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
It is FUD since it cause one , Fear Uncertainty and Doubt on Bitcoins. I think the effect is not over yet and it may carry until November since exchanges in China have until last day of October to shutdown, then their executives will be interrogated. So I think we need to brace ourselves of continuous downtrend of cryptocurrency until the effect of Chinese Government action is gone.
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Can more china FUD affect crypto prices ?
First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
I think China will legalize BTC and Altcoins trading in the future. But regulations will be still tighter than the other part of the world, as always.
Can more china FUD affect crypto prices ?
Not until this month ends, we can still feel the FUD caused by these clever Chinese sharks. The best thing to do is to believe in bitcoin, that whatever happens to its price, it will surely rise in the future as more and more people become aware of cryptocrurrency each day. More demand, higher price. If China dump all their coins, it will only be their lost, not ours.
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