As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
hello sir, yes i agree with you current FUD is too boring and those who spread FUD only take advantage of new people and make everyone panic and rush to sell it, this is a pity, if we want to wait a little longer it's possible we will get a big profit, at this time my bitcoin is still holding it won't sell it, maybe until 2024 
Topic: Is the FUD starting to wear off? (Read 371 times)
the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
Well, come to think of it, the price is still high even at this time. Yes I do know that the around $30k price we have right now is bad for some people, because it is less than the ATH price we have seen this year. But come to think of it, the market was less than this before the bull run suddenly kicked off and reached as high as it did and then dropped a bit below $40k, which is the current price.I cannot tell when the price will go up, but it will go up for sure. As to whether it’s going to be anytime, that’s what I can’t tell you for sure because it even take months and possibly years we see another bull run that will lead the price to above the current rate.
Occasionally we'll notice prices are pretty boring these days. news, and all the confusing information makes it difficult for many people to decide whether to sell or become a holder.
the highest level of the price or has entered the correction zone. in fact it's not very boring, even waiting in the end the price still doesn't let it exceed $50,000.
is this some kind of trap that actually the Bullish market will continue to the Q3 stage and leave many people unaware of it.
the highest level of the price or has entered the correction zone. in fact it's not very boring, even waiting in the end the price still doesn't let it exceed $50,000.
is this some kind of trap that actually the Bullish market will continue to the Q3 stage and leave many people unaware of it.
I guess it's almost finished at this point. There is still some folks spreading it but noone listens. Smart people knew what to do in this crush 
As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
Dude, your post looks very emotional, that's cool
And it would be great if you wrote yourself, and did not steal other people's words, including mat.Until then, you screwed up the plagiarism. https://bitcointalksearch.org/topic/m.57150189
There is a contribution made by the son of John Lennon, on his twitter he stated that BTC can fix the problem of: "the problem of the lack of underwear", something that draws attention:
These kinds of things are what make many followers reach, particularly I am a fan of The Beatles, although I was not from that time, I like the songs a lot, and if it comes from a son of them, it is something that has a lot of influence.
This is a very diplomatic way to express No FuD.
Quote
Sean Lennon is a Bitcoin supporter. In November of last year, he tweeted that Bitcoin had given him more optimism about humanity and the future overall than anything else in 2020—what with the pandemic, massive FED dollar printing and more.
Source: https://u.today/john-lennons-son-reveals-one-more-vital-problem-bitcoin-can-solveThese kinds of things are what make many followers reach, particularly I am a fan of The Beatles, although I was not from that time, I like the songs a lot, and if it comes from a son of them, it is something that has a lot of influence.
This is a very diplomatic way to express No FuD.
I hope so. I'm really fed up with these FUDs affecting the cryptocurrency market very badly. This should stop by now. I think it is quite enough that people, companies etc. manipulated these coins. I know that FUDs are never going to come to a halt. But enough is enough.
As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
The problem is that we don’t know if it’s gonna wear off or not. These FUD events could happen at any moment without warning. The market is very unpredictable right now. No matter how the experts or technical analysts or pro traders assess or predict the market, they are not perfect or accurate. We just have to be prepared if something goes the other way around and not the way we expect. Risk management and controlling our emotions are still necessary.
I was not referring to the current sideways trading but to the FUD cycle, as is the topic of this thread:)
I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.
You know FUD is like a book, it always have a revised edition, it has no end. It is just depends on a person if after he/she read the revised edition, then still believe it. Usually, newbies and weak hands are always the victim of FUD. However, it also has a positive impact on other investors because fud can make a dump of the market, a good time to buy and it is an opportunity that traders and investors have been waiting for.I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.
I actually really hate revised editions of books. It's almost like a sign that they are worthless books. Dictionaries update, textbooks revise, but the content is more or less the same, although you tend to see big updates remove stuff or enter new stuff.
FUD is different. It's like there is a textbook and some people only found them later on and say wow I never knew this existed.
Like Elon and Bitcoin mining consumption. That was so funny to see.
Don't mind the FUD now because bitcoin cannot be stop no matter what, there were many FUDs few years back still bitcoin continues to slap haters faces as it stood it's ground and proving haters and fudders wrong. I must say that the FUD slowly gone as the new opening month was really a good start for the crypto market to recover sooner and with that I believed bullish season continues.
It has effects though, specially for newbies and beginner investors. A certain tweet could change their mindset on bitcoin, thus would rather sell instead of holding.
But as far as FUD goes, this is part of the market, the price would go up or down without this news to fuel the market and create this sort of cycle. 2017 there have been a lot of FUD as well, so it's just repeating itself this 2021.
It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring.
Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.
Regarding the prices they are once again showing growth signs and green candles appearing on charts which means FUD has been ended at some point now and capital once again flowing into btc market.Everyone holding or who have invested during these dips are going to ride on profit boats soon.
It's not wearing off, they just don't seem to find anything original to spread in the crypto space because people now knows how they work. And I don't think that we are going to remove FUD, not until humans are extinct because humans.
It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already. 
News of such headlines isn't even really anything close to bad as long as they titled it accurately— by saying that a proposal just exists; and not use a borderline misleading title such as "India planning on banning Bitcoin" or "India about to ban Bitcoin".
They intentionally do that and make people curious about how this incident will happen or if this could give effect unto bitcoin, or in short they want to clickbait people so that they can earn traffics for their articles if they share some links. And we should not easily believe on that things since we know how rigged this people are and want to create confusion to make people panic.
It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring. Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.
I was not referring to the current sideways trading but to the FUD cycle, as is the topic of this thread:)
I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.
Dirty Energy and wastage for example? Booooring.
You know FUD is like a book, it always have a revised edition, it has no end. It is just depends on a person if after he/she read the revised edition, then still believe it. Usually, newbies and weak hands are always the victim of FUD. However, it also has a positive impact on other investors because fud can make a dump of the market, a good time to buy and it is an opportunity that traders and investors have been waiting for.
It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring. Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.
I was not referring to the current sideways trading but to the FUD cycle, as is the topic of this thread:)
I find it super boring because it's not even creative anymore, it's just the same old recycled crap on the same old unupdated and unresearched elements of the FUD.
Dirty Energy and wastage for example? Booooring.
It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already.
News of such headlines isn't even really anything close to bad as long as they titled it accurately— by saying that a proposal just exists; and not use a borderline misleading title such as "India planning on banning Bitcoin" or "India about to ban Bitcoin".
~
It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already. Publicity wise, if news about negative writeups the interest of readers are easily being catch.
Stop reading if you bought your assets when the market is bullish as you'll find yourself losing your money, fear will shake you and instead
of your willingness to wait, things will change and your mindset will look upon trying to sort it out with cut loss decision-making, be very careful and always have a very deep patience while working inside this market.
...//...:
Wait a moment, stop, the crypto market and in general any other that is free of investment gives you the freedom of opinion, wrong or not. So, you are doing the same kick or crying from those you criticize but do not try to dissuade.I believe that the best weapon against these people who disclose (FUD) and those who consume it is good information, the criteria of opinion based on credible bases.
So, spread good information, do not fear, trust for uncertainty and its all good for doubt.
The bad thing about FUD is that it is targeting those new engagers or investors in the market and scaring them all out to get into their weak hands doing panic selling and since they do not still have experience and not really into having such kind of scenario from before, they are easily being controlled and lured by the news casted by the media that are somewhat exaggerated and from the people around spreading FUD making them believe those were all true and they tend to give up and soon to realize they have been put into line and will get them to regret what they have done.
~
It is just how some article writers control the public with the use of the words. I even recall back then when there was a proposal of ban of Bitcoin in India back then in my local news but it was just proposal after all when I did a thorough research. That was long time ago and I barely recall already.
There always will be FUD until FUD doesn't matter. The most scary FUD moves price 10-20% today, then it will be 5-10% in x years, then 1-5% in another y years. Then bitcoin will truly be the blue chip of crypto and no one will care about FUD because everyone will have some bitcoin and it's as normal as owning a blue chip stock.
As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
Did China put a full ban on crypto currencies or just mining? Last time I read that China put a ban on mining and was taking down those mining farms and arresting people involved in mining. Weren't they about to launch their own crypto currencies? As for India, they keep on banning and unbanning bitcoin. Like they aren't even sure what they want. The FUD stopped a week ago. People are no longer "concerned" about the energy consumption or market manipulation. Price tanked hard but has started to recover. Slow but progressive. As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
It was to be expected. When the FUD towards cryptocurrencies begins, it is clear that someone really wants to lower the price of crypto assets in order to buy them at a low price. And as we can see after a short time, when the deed has already been done, FUD disappears and positive news reappears. Everything is designed for weak hands and this is not the first time this has happened. So, as you rightly pointed out, if you don't like the price of your crypto asset, then just wait for the price to go up.
@mk4. Agreed. However, if you do the research and check some of the news media’s sources, you would see that there is some basis for the news. But what the news media is also doing is add some exaggeration and sometimes misreport the news to make it appear more than what the news really was to clickbait the readers.
Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
They invest because of news and get out because of news. If they win, it is because of they are lucky to see news and join before the top and crash. If they lose, it is because they see news a few times but over-hesitate and when they invest, it's too late.Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
It is not the first year, crypto exchanges have to reconstruct their operations from China to other nations. It was resolved fine in the past, hence I believe it will be resolved well this time as well.
Indeed, information today is very important, who always updates the latest news on crypto developments is definitely more likely to make a profit
when investing. Because most people are lazy to read and only depend on information from other people, it seems very difficult to enter the market
on time, most people enter the market when crypto prices are hype and at their peak. Who ended up buying Bitcoin at a high price, therefore always
follow the news related to crypto. But choose news from legitimate sources, so what we get is not fake news.
@mk4. Agreed. However, if you do the research and check some of the news media’s sources, you would see that there is some basis for the news. But what the news media is also doing is add some exaggeration and sometimes misreport the news to make it appear more than what the news really was to clickbait the readers.
Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
They invest because of news and get out because of news. If they win, it is because of they are lucky to see news and join before the top and crash. If they lose, it is because they see news a few times but over-hesitate and when they invest, it's too late.Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
It is not the first year, crypto exchanges have to reconstruct their operations from China to other nations. It was resolved fine in the past, hence I believe it will be resolved well this time as well.
As China bans bitcoin again while India unbans bitcoin again, this is getting played out.
Wait india unbanned Bitcoin ? but india had unbanned bitcoin years back so what's this? and china did not totally banned bitcoin as whole , instead there are some part that has this issue in regards to energy consumption .Quote
The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers.
It's media's work so none can stop them from Shitting the crypto market so be aware and use to it.Quote
It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
Great stuff there mate, yeah we should consider holding and don't get affected by this attacks. 
Was it really FUD or just a correction? I think that people are now used to all these price changes and not longer react so sharply on drops. Only people new to crypto are prone to panic. Those who have caught drop from $20k to $4k are now fully resistant to $60k to $37k decline.
I just caught myself not even reading crypto news, that can impact on the price negatively. I just read what new is released and what is updated.
I just caught myself not even reading crypto news, that can impact on the price negatively. I just read what new is released and what is updated.
Spreading FUD during the correction, that's the perfect way to say it.
FUDsters were targeting weak hands. Not only those new investors. If you're reading crypto news all over the internet, you'll probably find more FUD over there. Not unless, If you have a more reliable source that you visit regularly.
The more experienced you are in crypto space, the more immune you are with the FUD.
I think experience and faith in the system determines as to how long your perception from the FUD thrown to you by the various constraints of the system would last. At the moment, we've seen bitcoin and altcoin price fall to almost half its original price. I don't expect any other fall below the $30k zone. Investors were looking out for a dip and thats just about it. No news or tweet what so ever would have any further effect on the cryptocurrency market because, the fud is very much over and what is being anticipated for at the moment is when would the next bullrun start. I see bulls getting stronger in there positions and crypto enthusiast lost faith in Elon Musk so, there is just about a few things that could promote any form of fun in the system now. We going back to our old ways.
The biggest FUD I've experienced before was Bitcoin being banned by China in 2017 and recession in 2020. Twice has dragged Bitcoin down badly. This FUD is similar to 2017 so I don't worry too much. There have been dozens of bad news since Bitcoin launched, but Bitcoin continues to go up. Another thing is that the long-term crypto market participants are no longer afraid because they have gained experience.
Holding btc rather than sell it now is the best way to avoid financial loss. But it seems that many new bitcoin users are afraid too much, they should know what they bought. Most of us already know that bitcoin market is extremely volatility, it doesn't mean that if Bitcoin price fall then it will not rise again. I hope people who starting to invest in btc learn about what is btc and how the market works. I personally take higher risk now by don't buy bitcoin at this time, my instinct said that there is a bull trap. I don't know whether it is right or not but based on my predictions I think the price of bitcoin must be reach lower than 30k during this bear market. But I am not an expert, maybe I am wrong.
We can't combact FUD it must certainly set in but it takes true investors to over look the way and hodl on to their asset even while their coin dips down it's even a perfect time to buy more but it's not always easy because human emotions is very delicate and requires extreme dicipline to manage. But it would be better to hodl in this period because once the market retraces back it would be a huge profit for all investors
Was it really FUD or just a correction? I think that people are now used to all these price changes and not longer react so sharply on drops. Only people new to crypto are prone to panic. Those who have caught drop from $20k to $4k are now fully resistant to $60k to $37k decline.
I just caught myself not even reading crypto news, that can impact on the price negatively. I just read what new is released and what is updated.
I just caught myself not even reading crypto news, that can impact on the price negatively. I just read what new is released and what is updated.
As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
It's not boring.Actually, it's much better that there's enlighten that these medias were all bias towards bitcoin. They're only making those news for their own gains and that's why it's better to have that clarity than to keep misinformed.
Well, it's all good that India got now a clarification towards the ban of bitcoin on their country.
Hey, that's how they want things to go. Not like they'd give a damn on how you see their FUD, if it makes the market move, then they'd do it. That's p much it. Yes, the initial FUD is over, and together with the correction was the one that brought BTC back to below $35k or so, and that'd be pretty much it. Any FUD news now would just have some kind of low influence in the market since it is trying to stabilize itself at it's the current level. Highly doubt people would also panic sell again after it calmed down already.
I don't think so because FUD will always be there, look at the prices when it was around it's highest, people are still spreading FUD because everyone tries to manipulate the market into their likeness, they want to have their ego always fed so they do what they have to do.
It’s easier to control mass if you keep it scared.
I don't think so because FUD will always be there, look at the prices when it was around it's highest, people are still spreading FUD because everyone tries to manipulate the market into their likeness, they want to have their ego always fed so they do what they have to do.
Don't mind the FUD now because bitcoin cannot be stop no matter what, there were many FUDs few years back still bitcoin continues to slap haters faces as it stood it's ground and proving haters and fudders wrong. I must say that the FUD slowly gone as the new opening month was really a good start for the crypto market to recover sooner and with that I believed bullish season continues.
It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring.
Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.
Well we all have seen how tired BS can get recycled, often several times in a rally cycle, so I would expect there are going to be more discussions about it until end of the year before they move on to other things maybe like mining decentralization etc.
It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
Same as tweet mania and fomo.
It's definitely super boring but by now time to accept this boring cycle is going to resume again at some point.
Same as tweet mania and fomo.
Short answer is yes (in my opinion)
The fud didn't "wear on" for seasoned investors but BTC is always attracting new people to it and they have to go through the same trial by fire as everyone else. The attacks on btc will never stop. People just need to develop some trust in the concept of bitcoin and then they will fear no fud.
I sold half my stack the first time I heard BTC was being banned in China... and wound up buying back in.... I learned the hard way the best way to win is to pretend the sell button doesn't exist.
The fud didn't "wear on" for seasoned investors but BTC is always attracting new people to it and they have to go through the same trial by fire as everyone else. The attacks on btc will never stop. People just need to develop some trust in the concept of bitcoin and then they will fear no fud.
I sold half my stack the first time I heard BTC was being banned in China... and wound up buying back in.... I learned the hard way the best way to win is to pretend the sell button doesn't exist.
@mk4. Agreed. However, if you do the research and check some of the news media’s sources, you would see that there is some basis for the news. But what the news media is also doing is add some exaggeration and sometimes misreport the news to make it appear more than what the news really was to clickbait the readers.
Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
FUD doesn't necessarily mean that there isn't any basis or that the news isn't factual; it's just mostly unnecessarily overblown, exaggerated(as you said), and a lot of times even straight-off misleading. To the point that it isn't even conspiratorial to think that there's likely to be a hidden agenda behind those unnecessarily uber-negative news. But then again, pushing fear towards readers does get a lot of clicks and shares, so there's that.
@mk4. Agreed. However, if you do the research and check some of the news media’s sources, you would see that there is some basis for the news. But what the news media is also doing is add some exaggeration and sometimes misreport the news to make it appear more than what the news really was to clickbait the readers.
Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
Read the article from Okex. That is the real news. There will be policy changes in China but it is not targetted towards bitcoin.
FUD has always been really old knowing that most(if not all) of the Bitcoin FUD has almost always been just rehashed versions of the older FUDs. But of course, there will always be people that will be affected by these FUD. Mostly the beginners that don't even do the slightest amount of research.
@pooya87. The was only clearly waiting to happen knowing how much leverage took bitcoin to its new all time high.
@Jeeny43. Yes it appears the sensationalized fud from mainstream news and bitcoin news media is losing its effect. Let us wait for updates after Chinese officials meet in Sichuan on June 2 and further announcements from Beijing on June 4.
This article is from Okex and tells the real story. China did not ban bitcoin, however, it will make policy changes to discourage excessive speculation and control carbon emission.
Here’s the real fact based news. China issued a notice last Friday from the State Council, which aims to clampdown on crypto exchanges and mining, mainly due to potential risks for consumers and society in China.
A few days prior to the State Council notice, the China Internet Finance Association warned the public about the risks of investing in cryptocurrencies, listing four specific issues with cryptos they want to address:
Institutions should understand the nature of Bitcoin and digital currencies.
Financial institutions should not engage in crypto-related business transactions.
China does not offer legal protection for crypto-related investment contracts.
Financial institutions should abide by existing regulations regarding digital currencies.
Due to the State Council notice, some miners have decided to look elsewhere for mining in the interim until the notice is enforced. In addition, exchanges such as OKEx have scaled back some services and products offered to Chinese nationals only. Any changes due to this notice are not impacting non-Chinese nationals, and will only affect users who reside in China and use the Chinese currency renminbi.
Source https://medium.com/okex-blog/no-china-didnt-ban-bitcoin-and-cryptocurrencies-815d58ef5134
@Jeeny43. Yes it appears the sensationalized fud from mainstream news and bitcoin news media is losing its effect. Let us wait for updates after Chinese officials meet in Sichuan on June 2 and further announcements from Beijing on June 4.
This article is from Okex and tells the real story. China did not ban bitcoin, however, it will make policy changes to discourage excessive speculation and control carbon emission.
Here’s the real fact based news. China issued a notice last Friday from the State Council, which aims to clampdown on crypto exchanges and mining, mainly due to potential risks for consumers and society in China.
A few days prior to the State Council notice, the China Internet Finance Association warned the public about the risks of investing in cryptocurrencies, listing four specific issues with cryptos they want to address:
Institutions should understand the nature of Bitcoin and digital currencies.
Financial institutions should not engage in crypto-related business transactions.
China does not offer legal protection for crypto-related investment contracts.
Financial institutions should abide by existing regulations regarding digital currencies.
Due to the State Council notice, some miners have decided to look elsewhere for mining in the interim until the notice is enforced. In addition, exchanges such as OKEx have scaled back some services and products offered to Chinese nationals only. Any changes due to this notice are not impacting non-Chinese nationals, and will only affect users who reside in China and use the Chinese currency renminbi.
Source https://medium.com/okex-blog/no-china-didnt-ban-bitcoin-and-cryptocurrencies-815d58ef5134
The main FUD campaign stopped about 10 days ago when price reached the bottom @$30k and market could not be manipulated more than that. What we've been seeing ever since is newbie FUDsters who think they are spreading FUD but all they do is being annoying.
The crash itself is annoying to see but it is a good thing for the market at the same time. It both provides a golden opportunity to everyone to buy bitcoin at a discount and also it acts like a market cleanse where the weak hands are being removed from the bitcoin market which would then solidify the next rise.
The crash itself is annoying to see but it is a good thing for the market at the same time. It both provides a golden opportunity to everyone to buy bitcoin at a discount and also it acts like a market cleanse where the weak hands are being removed from the bitcoin market which would then solidify the next rise.
As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
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