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Topic: More Chinese FUD to trigger panic selling on idiots (Read 2934 times)

legendary
Activity: 1372
Merit: 1027
Dump it!!!
Fool me once, shame on you & fool me twice, shame on me and this is the kind of mind set we need to build to avoid manipulation from fudsters...because if we cant get this right most crypto currencies are decentralized and depend on positive mindsets/confidence and if investors or share holders lose confidence the crypto ecosystem feels the echo by falling prices.
legendary
Activity: 966
Merit: 1052
It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs.
curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.

How is it FUD when exchanges are actually shutting down though?

FUD = Fear, Uncertainly and Doubt

So FUD can to be true or a lie to create those emotions in people.  So that is why this is FUD, people have fear that exchanges will close down.

The fear part is clear. Uncertainty and doubt? Not really, some of the Chinese exchanges are already announcing shutdown dates.
hero member
Activity: 1008
Merit: 1000
It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs.
curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.

How is it FUD when exchanges are actually shutting down though?

FUD = Fear, Uncertainly and Doubt

So FUD can to be true or a lie to create those emotions in people.  So that is why this is FUD, people have fear that exchanges will close down.
sr. member
Activity: 475
Merit: 253
ARCS - A New World Token
FUD and panic selling is very common to stockmarket holders and forex traders. They buy or sold everything to prevent loss. They are sensitive to news. Lols.
legendary
Activity: 966
Merit: 1052
It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs.
curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.

How is it FUD when exchanges are actually shutting down though?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I never heard anyone complain when they were foolishly buying something they don't understand. Most people in this economy are not using bitcoin, they fancy themselves "investors". That creates a speculative economy which will always rocket up then crash hard. Get used to it. As long as utility remains low and hype remains high 50% drops are likely the norm.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs.
curious how much money allocated by some whales to trigger these FUDster to appear on surface. not that usual that this stupid thing are now massly increased among this community and pretty much confused about how people could be affected by such thing. and that's right, the FUD perfectly planned that could change the market behaviour smh.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
BTCC is closing down. See the following tweet:

https://twitter.com/YourBTCC/status/908285586368167936

They say it is because of the new PBOC rules.
hero member
Activity: 840
Merit: 501
It suck to see china playing this scheme, it caused the turbulance in crypto market and it caused people to do panic sell, actually bitcoin can be reaching more than 5k this month, but because of this news, it will need more time to reach it
full member
Activity: 504
Merit: 100
The Standard Protocol - Solving Inflation
It is amazing how orchestrsted FUD could change market behaviour. From very premium price to panic the cloud is crashing price. Coutesy ; The noobs.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
I bought at the very top because of my colleague passion about how we could all make fortune in this new currency. Unfortunately it's backfire for me now. Maybe i will just hold like everybody is doing
That's cool. We should keep patience and hold very tightly. Right now, all the FUD going on right now because of people going to panic sell , don't believe the hype.
From what I understand having read an article on the internet the ICO ban by China is only temporary as they plan to introduce licencesing, bitcoin prices are going to go up soon and the drop is only temporary. Keeping patience and holding is the best thing we should do right now.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
According to the following, the new Chinese regulations come into effect on October 1st:

http://english.gov.cn/policies/latest_releases/2017/08/23/content_281475809852706.htm

Quote
The State Council has adopted regulations on investigating and punishing unlicensed business operations, according to a circular issued on Aug 23.

The rules, which will take effect on Oct 1, are aimed at safeguarding the market order and economic stability, promoting fair competition and protecting the legal rights of business owners and customers.

According to the regulations, no entity or individual should engage in illegal business operations in violation of laws, administrative regulations or the State Council’s decisions.

Because they're referring to August 23rd, I think this press release deals with ICOs.
sr. member
Activity: 1008
Merit: 355
http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml

Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing.

Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news.

Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.

Yes, China will lose a great deal in its leadership of the cryptocurrency market if they will totally ban Bitcoin and the exchanges operating within the country. Whether they admit or not, these exchanges are also bringing in money into the country contributing something to the local economy. Right now, there are those floating the idea that eventually China will rather get strict with the implementing rules and guidelines rather than ban Bitcoin exchanges.
sr. member
Activity: 476
Merit: 250
I bought at the very top because of my colleague passion about how we could all make fortune in this new currency. Unfortunately it's backfire for me now. Maybe i will just hold like everybody is doing
That's cool. We should keep patience and hold very tightly. Right now, all the FUD going on right now because of people going to panic sell , don't believe the hype.
full member
Activity: 630
Merit: 100
I bought at the very top because of my colleague passion about how we could all make fortune in this new currency. Unfortunately it's backfire for me now. Maybe i will just hold like everybody is doing
sr. member
Activity: 322
Merit: 250
Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed.

He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url:

https://twitter.com/SatoshiLite/status/907664619279343616

When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message:

https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/

which said:

Quote
@SatoshiLite

    2017-09-12 17:58 UTC

    Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁


I'm guessing the Anonymous source he trusts fully is is brother.
If it is true this price today is cheap and i think the price will stay mark around 3800 to 3900 and we will see burst increase again back in few weeks or months . for now if you wanted to hold bitcoin and buy for cheap price this time is the right time and hold bitcoin..
Looks like we are below in 4k value and i think the price of bitcoin will not go down anymore..
Honestly i am still holding my bitcoins and i will just holding it until the price hit 8k value maybe next year..

I predict next time, the price of Bitcoin will fall down and keep around the $3,xxx price range, it cannot drop bellow $3,000 because drop bellow this support = a huge panic selling. The scenario of the market now look like as Bitcoin price when it increases to $3,000 failure and drop down to $1,600.

Hopes that it will not happen since if your prediction will came true I think many businessman that are following the bitcoins for now will go away and maybe they will think that bitcoins is just a waste of there money and the adoption will reduce. So lets stand our grounds since this is a big challenge on bitcoins right now.
sr. member
Activity: 552
Merit: 250
Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed.

He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url:

https://twitter.com/SatoshiLite/status/907664619279343616

When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message:

https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/

which said:

Quote
@SatoshiLite

    2017-09-12 17:58 UTC

    Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁


I'm guessing the Anonymous source he trusts fully is is brother.
If it is true this price today is cheap and i think the price will stay mark around 3800 to 3900 and we will see burst increase again back in few weeks or months . for now if you wanted to hold bitcoin and buy for cheap price this time is the right time and hold bitcoin..
Looks like we are below in 4k value and i think the price of bitcoin will not go down anymore..
Honestly i am still holding my bitcoins and i will just holding it until the price hit 8k value maybe next year..

I predict next time, the price of Bitcoin will fall down and keep around the $3,xxx price range, it cannot drop bellow $3,000 because drop bellow this support = a huge panic selling. The scenario of the market now look like as Bitcoin price when it increases to $3,000 failure and drop down to $1,600.
hero member
Activity: 626
Merit: 500
-snip-

Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.
And that's the point many people don't understand. There is something called p2p trading... It has been working for nearly a decade.
Its just for the FUD to panic everyone and they qill get the opportunity to buy more. Qell lets just join them in buying more especially if we have extra bucks.
jr. member
Activity: 43
Merit: 10
-snip-

Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.
And that's the point many people don't understand. There is something called p2p trading... It has been working for nearly a decade.
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
Turns out that the whole sell-off was triggered by Charles Lee (of Litecoin fame) tweeting that China had indeed banned exchanges (remember his brother owns an exchange in China, so he is reasonably well informed.

He deleted the tweet, but if anyone has an archive tool, they should be able to find it from this url:

https://twitter.com/SatoshiLite/status/907664619279343616

When the tweet url was posted on reddit last night before the tweet was deleted, the reddit tweet bot immediately created a post with the message:

https://www.reddit.com/r/Bitcoin/comments/6zp2pj/why_are_people_panic_selling_over_jp_morgan/dmx0kx4/

which said:

Quote
@SatoshiLite

    2017-09-12 17:58 UTC

    Looks like this time China finally banned Bitcoin exchanges. (Anonymous source I trust fully) There's only one response: JUST HODŁ 😁


I'm guessing the Anonymous source he trusts fully is is brother.
If it is true this price today is cheap and i think the price will stay mark around 3800 to 3900 and we will see burst increase again back in few weeks or months . for now if you wanted to hold bitcoin and buy for cheap price this time is the right time and hold bitcoin..
Looks like we are below in 4k value and i think the price of bitcoin will not go down anymore..
Honestly i am still holding my bitcoins and i will just holding it until the price hit 8k value maybe next year..
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