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Topic: More Chinese FUD to trigger panic selling on idiots - page 4. (Read 2934 times)

legendary
Activity: 2436
Merit: 1561
legendary
Activity: 3710
Merit: 5286
The mainstream news in every country continues to embarrass itself, and to make itself more and more irrelevant every single day.
legendary
Activity: 2170
Merit: 1427
Embarrassing that hoards of people are still falling for this to be honest. Some of these weak people don't deserve to be on the bitcoin train, they need to man up.

Embarrassing for those panic selling, but a major blessing for each and every trader buying back his 'expensively' sold coins. Smiley Certain news articles have had a major impact on the market back in the days when I bought my first coins in 2013, and it's still like this today. As long as people blindly buy themselves into Bitcoin without actually knowing what it is, how its market works, seperate relevant and important information from garbage, people will continue to panic sell their coins. These dumps get triggered by market movers to exaggerate the panic and make people sell their coins 10-20% below how the price was minutes ago - great way of increasing the number of coins you have at discout rates. Funny thing is that these panic sellers always end up buying back their coins at premium levels at the time the market is going up agian.
full member
Activity: 209
Merit: 100
Radix-The Decentralized Finance Protocol
How is that stealing?
Weak hands will always lose money, thats why they are weak hands.
Enjoy the ride, buy the dips and be happy with cheaper coins.
legendary
Activity: 1372
Merit: 1252
this is starting to become really ridiculous!
the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales!

it is like what they say:
"fool me once, shame on you; fool me twice, shame on me"

I can't wait for the news to come up saying this is a rumor, and if it isn't then who fucking cares, China will no longer have any control on dumping the price, since after the ban, that's it, no more controlled demolitions. This is a very important game theoretical scenario that panic selling newbies don't understand. Let's hope that this time they are able to buy the dip, but chances are, they will not.

Anyway, see you at $5000, im just getting my popcorn and buying more on the dip without selling any.

legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Embarrassing that hoards of people are still falling for this to be honest. Some of these weak people don't deserve to be on the bitcoin train, they need to man up.
hero member
Activity: 756
Merit: 500
this is starting to become really ridiculous!
the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales!

it is like what they say:
"fool me once, shame on you; fool me twice, shame on me"

Very ridiculous!  How can anyone believe this when China mines most of the bitcoin and has the biggest exchanges.  If this is truly a bitcoin grabbing move it's sad.  This does however become a good buying opportunity.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
this is starting to become really ridiculous!
the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales!

it is like what they say:
"fool me once, shame on you; fool me twice, shame on me"
hero member
Activity: 672
Merit: 503
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.
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