Good thing is people somehow develop immunity to this nonsense News of Chinese Authority FUD. I do believe Government of China is accumulating Bitcoin in their advantage. Releasing a bad press during uptrending price by an authority probably a strategy to accumulate cheaper price and presses on the good news next for possible dump of the accumulated Bitcoin during the dip.
the news alone, yeah sure, nobody pays any attention to that but when the news comes with FUD and then the whales start manipulating and sell a bit to break some resistances, that is when newbies panic and are flushed out of the market when they start selling into the whales buy orders.
if we can get the newbies out and get more better traders in, prices won't swing this much and whales start to lose money because their low bids are never filled because others put better bids above theirs and their evil plan fails
