New (old) FUD coming from China? - page 2.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: ultrloa on September 27, 2021, 06:57:47 PM

Quote from: YuginKadoya on September 27, 2021, 06:21:16 PM

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder Grin

since from that for sure we will not affected from value decrease hitting up at the moment.

I totally agree it is worth the wait and if there are some DIP that may happen I think if we have a clearer mind we can surely get those sudden dips for profit, with a clear and calmer mind as a trader I think that is the right quality to have,

I am seeing a lot of FUD's lately and now they are targeting NFT games that are saying that it is a scam, for many people to not invest in a certain kind of NFT games, and many FUD like these tend to be successful in what they really want for the market to attain if you have faith in what you have invested in and your research have recommend you to just keep calm then I think you are in the right path.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: Rimueng on September 28, 2021, 07:56:42 AM

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.

Quote

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.

The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.

https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-crypto

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

Worries of some people might stay, as usual, can't blame them anyway as they still don't understand it. But looking at the trend in regards to the recent issue of banning again, I think people had learned already and only a few people did sacrifice their coins while the rest keep on holding. Well, I suppose to expect that since having this issue is not new to everyone and we know the aftermath of this and that was a market surge.

Rimueng

member

Activity: 382

Merit: 12

Axioma Holding - Axioma Pay Crypto Card

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.

Quote

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.

The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.

https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-crypto

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

In my opinion, the impact of the news of China's central bank banning cryptocurrencies is clearly a negative sentiment for Bitcoin and altcoin prices. Since the news emerged the prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Polkadot, etc. are back in a downward trend until now. Even Bitcoin had experienced a decline in price to the level of $41k. In fact, before the news, Bitcoin was still in the range of $52k.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: TheGreatPython on September 27, 2021, 01:42:28 PM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

They fail more if they are still trying to spread their FUD as crypto users are now more clever than they think. They think that their bad news will always work, but not like that. Their bad news will only work if people do not have a strong hand to hold their coin and still buying when the price is down. China only wants to use the moment to buy more bitcoin for themselves.

They are preparing their stable coin without giving updates because they want to keep it secret until they announce it to the public. They give bad news for crypto users but on the other side, they will offer a solution to solve this problem by using their product. That is a marketing strategy that many people do not realize.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: YuginKadoya on September 27, 2021, 06:21:16 PM

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

They create to much noise and been so manipulative for so many times that's why lets chill our eggs out to not listen unto those fuds although we might we some little dumps happened but lets not get panic unto those situation since its pretty normal movement of the market lets calm and put our mind that we are diamond hand holder Grin

since from that for sure we will not affected from value decrease hitting up at the moment.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

This is not new about china, in fact, there is a lot of FUD everywhere that Bitcoin can and always handle, and if this is the case then this is just a strategy to make the value dip for them to buy again, I think a lot of whales or well know a person are just getting the emotions of weak holders just to simply get their own agenda into buying Bitcoin,

For me, there is nothing to worry about, and if there is news just like this we holders just end to look into it and always be ready for a dip aswell so we can ride the wave for weak hands to sell off their Bitcoin.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.

Quote

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.

The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.

https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-crypto

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

Old news like this shouldn't be put into a very serious things, some frustrated investors just did it for deceptions. They're trying to fool other new comers and sprouted FUD in order to threaten them not to buy bitcoin.
Unfortunately it ended up a mess, since everyone was doing a fact checks and found out old news kept on spreading without any legit information as support.
I would rather recommend, ignoring this type of non sense just to avoid possible panic or demotivations.

Smartvirus

legendary

Activity: 1554

Merit: 1139

China is never tired of coming up with more and more FUD. The finny thing is, which ever way they go, they are always faced with the same result and yet, they throw yet another stunt. Its really surprising of them how they hold up but, there could be a different game at play. A game of actually creating in the mind of bitcoiners the instability of bitcoin to be on a negative side, the side of a dump and eventually trigger a massive sell. With the market yet to recover, they would promote just another FUD to keep it going bearish but, we all know this is going to be impossible so, the Chinese government can just stop this at once.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

Quote from: TheGreatPython on September 27, 2021, 01:42:28 PM

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

People are no longer panicking about what China is doing with the hot news, even it was long before China had planned this and really wanted to destroy cryptocurrency and replace it with what they made with all efforts to ban it on a large scale but now bitcoin still remains firmly above $40k, now with China wanting to build that they will control themselves like cryptocurrencies, there are already a lot of opposition in other countries, is this effective to continue to do?

I won't panic if the FUD comes from China, it's all in vain and bitcoin will still be victorious in many communities, even though Chinese miners make a lot of their mining tools, I'm sure they will definitely return to mining.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: michellee on September 27, 2021, 01:17:05 AM

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

China is consistently hurting bitcoin and cryptocurrency but this time they fail because their FUD is not works as they were expecting now weak hand already going out of this community and people's understanding this all even too many culprits was on with their own propaganda and rumors but these not hurt and bitcoin stay $40K which is something good for future.

Recently we have some news that they are going to start their own stable coin but until now we have no updates about this as well just because of this they're done this again, but peoples understand this all, so they have no panic sell.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Fredomago on September 26, 2021, 10:31:23 PM

Something interesting to watch out, if they can really track each transactions and crack everyone who still dealing with crypto it surely be another issue that will shake everyone from China to follow the government rules, we know the fact that there are many big players behind who still supporting and engaging with crypto they are now the target and sooner or later we will see more impacts to comes out.

Let China take care of whatever they wanted from their people and leave Crypto to those people outside china to continue doing what is best for this industry.

As I was mentioning in my last comment, I think a lot of people misunderstand the true situation in China. And I don't even know what it really is, but if you get the chance to speak to Chinese people who are actually using Bitcoin, none of this FUD has ever bothered them. Same as the last mining FUD, did we see miners panicking? No, we saw them happily pack up and go elsewhere.

I think markets always react, right or wrong. The truth is what long term brings price up.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: ene1980 on September 26, 2021, 03:34:38 PM

Quote from: passwordnow on September 26, 2021, 02:54:18 AM

~
Not that failed to adopt crypto but we might see them in upcoming bull runs again that they'll do the same thing over and over again. And a news will come out that they've been hoarding bitcoin all of these times and they'll announce that they'll one of the biggest holders in the world.

The same news will resurface again that China is doing some crazy shit about the cryptocurrency market even though there is no exchanges that are running in the country and majority of the miners are moving out from mainland China. I doubt they will be having any direct investments in cryptocurrency but they have a lot of investment companies that can invest on their behalf and if they are looking to make a profit they would literally shut down these rumors but that is not what we are seeing from them.

In this market, whoever sends the bad news is totally either of two, really hates crypto or accumulating. It's been seen many times that whoever has made those news, eventually, they were known to be also part of those accumulators that are collecting as much as they can.
So it is really likely that we'll see that expose soon but if not, then they'll stand on their statement and acts that they're prohibiting their country to thrive towards crypto but just as what we feel, this is literally a fud.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

I guess China really likes to shake the crypto market by spreading bad news, which happens many times. They want to buy bitcoin at a low price because of their news, and that is smart action that their government does because the market really drops too deep. They are lucky to do that thing as the world seems to follow whatever they said, but they will regret it after they did with the crypto market. No matter what they played before, they will get the impact because of their action soon.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: cabron on September 26, 2021, 08:35:20 PM

They are seriously disallowing any crypto transaction so it's got to be another crackdown. Next year the news will be Chinese Government is Really Really Serious.

There should be news to see some Chinese investors going to be locked after being caught, I wonder how they will be able to find these investors sending transactions unless their 5G really is that effective in seeking these transactions and identifying personalities.

Something interesting to watch out, if they can really track each transactions and crack everyone who still dealing with crypto it surely be another issue that will shake everyone from China to follow the government rules, we know the fact that there are many big players behind who still supporting and engaging with crypto they are now the target and sooner or later we will see more impacts to comes out.

Let China take care of whatever they wanted from their people and leave Crypto to those people outside china to continue doing what is best for this industry.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: BurningChrome on September 24, 2021, 08:32:17 AM

Can this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?

We are already aware on how allergic this country on crypto as a whole hence its not a new issue anymore and not the reason why there's a correction.

Even they renewed and widen the ban for crypto transactions I doubt that it will have an impact to the market since it happened already in the past and investors are used to it.

Unless if you can be easily move by this news that can make you panic because only newbies are behaving like that.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

They are seriously disallowing any crypto transaction so it's got to be another crackdown. Next year the news will be Chinese Government is Really Really Serious.

There should be news to see some Chinese investors going to be locked after being caught, I wonder how they will be able to find these investors sending transactions unless their 5G really is that effective in seeking these transactions and identifying personalities.

STT

legendary

Activity: 4102

Merit: 1454

We cant be surprised by this, China has capital controls to restrict the flow of currency available to their people. When the central bank prints in this country its even worse then here because they are left with little alternative where as USA or anywhere normal does allow the purchase of alternatives to the dollar. BTC was far too convenient and flexible to be allowed to continued, you can take this ban as a negative or see it as a problem for communist overlords because BTC was a threat to their domination and bullying of their people ie. its nothing negative on BTC itself.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: sujonali1819 on September 24, 2021, 08:45:28 AM

Ha ha... China always come to such news to dump BTC lol. This is now very normal in crypto market. Don't know exactly why the market crash again today. But this could be a reason also. Because know after such news market will crash temporary. So why they don't take the opportunities of sell and buy back.

The dump of market is temporary. If we see back history of bitcoin we may see there are lot of news and pump dump game in crypto. But it was not last long. Hope this time also happen the same thing and bitcoin will rise again with more power.

temporary but still it could have a huge impact... think about how the last time they did this and the market crashed to 6 months low. prepare for that, even though this time could be really different as there is a lot of instituions, professional fund manager and a country that adapted bitcoin as a currency get involved ... preparing always a better option rather than putting too much confidence. sivis pacem para belum.

nobody knows also how much china government holding in bitcoin, with this continuous crazy sentiment from china... i can only see that the currency war has begun since long time ago.

crzy

full member

Activity: 2128

Merit: 180

Quote from: bots1 on September 26, 2021, 06:29:37 AM

As a result of the affirmation of the cryptocurrency being banned in China, the price of bitcoin fell by 5.5 percent last week. Even the price of bitcoin is currently down 5.86 percent to around $41,106. When compared to last week's price, the price of bitcoin is down 13.15 percent.

This is normal reaction of the market and its not new anymore because China almost banned everything, especially the international brand like Facebook, whatsapp, google and many more simply because they are creating their own platform and that’s how communism works, I wonder what would be the effect of digital yuan to cryptocurrency. Same FUD from China but they can never stop their people from owning crypto.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Oceat on September 25, 2021, 06:13:26 PM

Quote from: DoublerHunter on September 25, 2021, 03:58:36 PM

Quote from: Twinkledoe on September 25, 2021, 03:21:32 PM

Quote from: Yamifoud on September 25, 2021, 10:05:01 AM

snip...

This is true. Even if they totally ban crypto in their country, life outside their market goes on. People are used to this kind of news from China. I don't think they can ever fully control the activities of their people. There will always be underground activities. Anyway, miners can always find a new home outside their country. As if bitcoin market will stop because of them.

^ But we can't deny the fact that it has an impact on the market and becomes the market price moving downside because of the latest news that was received from them. FUD was always there and it has been how many years I repeatedly experienced this but I believed at the end of the point BTC price will increase after the FUD will happen and loser those people who believe in FUD. However, even though there is an impact, the market heals itself and becomes fine later. So you think for now people believed in FUD especially those who have experience working at them.

I don't know what is happening but this can't affect the market but the FUD itself manage to push the price a little, I guess there are still weak-hands out there who can be easily fall for the china's trap. China has been banning Bitcoin in the past and yet nothing happens they should totally ban Bitcoin if that's what they want.

It helps a lot to the community but I have a doubt that would work since I almost think those whales manipulating the market probably living in China so they can take advantage of the situation.

It probably there some left but the good thing is that majority are able to manage it and hold their coins. 10% market decline is just a normal correction that is why I'd never see this has a huge impact on the market, maybe if it is more than that but it wasn't the trend we experience and I think that people had kept their trust than being doubtful.
With what is was shown, I'm confident that we can see the market price turns green again. Might expect a price rally next month and onwards.

Topic: New (old) FUD coming from China? - page 2. (Read 464 times)