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Topic: Reports of China Banning Bitcoin Are Greatly Exaggerated - page 3. (Read 1577 times)

legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Who sells their coins as a reaction to baseless rumours any way, that's what I want to know.

its called speculation.

if you can use speculation to make 1% a day.. thats 365% a year
if you know speculation can change a price from $745-$675 ~9%
then you can make one dump grab the 9% and take the rest of the week off still able to make 365% a year

Hmmm true! I can see that you could make huge money especially if you're a big player in this game with a lot of coins & are able to move the market.

I suppose I was questioning the people with a small stash who follow what the big guys are doing.

I simply HODL my stash, waiting for a point in the future when the price is hopefully a hell of a lot higher than now.
sr. member
Activity: 434
Merit: 250
If someone had the right connections, they could definitely spread a rumor like this and profit heavily off the FUD.
Moving the price of Bitcoin by $20-50 can make a ton of profit for someone with millions to invest in the Bitcoin market.
I do not doubt that people would use such tactics.

It does concern me a bit that the market would move so much on a baseless rumor.
legendary
Activity: 4396
Merit: 4755
Who sells their coins as a reaction to baseless rumours any way, that's what I want to know.

its called speculation.

if you can use speculation to make 1% a day.. thats 365% a year
if you know speculation can change a price from $745-$675 ~9%
then you can make one dump grab the 9% and take the rest of the week off still able to make 365% a year
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Who sells their coins as a reaction to baseless rumours any way, that's what I want to know.
legendary
Activity: 966
Merit: 1042
Well that males a hell of a lot of sense. I couldn't find anything actually showing where the news came from. Lol why do people always try to screw with bitcoin? In the end the truth comes out every single time.
legendary
Activity: 1232
Merit: 1091
It doesn't really matter if the reports are fake, exaggerated, or just empty rumors. Some people believe everything at first glance. That pathethic are they. It's the same old trap that people don't seem to learn from time on time again. Always when the price goes up in a solid manner, something pops up that will cause the price to go down. Why do things like these still come as a surprise for people? Either benefit by using that situation in your advantage, or don't moan about it.
member
Activity: 79
Merit: 10
On November 3 the Bitcoin price took a dive from a high of US$745 to a low of $675 with news of China circling the internet. A so-called report from the publication Bloomberg had other media outlets assume that China was planning on curbing Bitcoin use in the near future. However, the reports have remained unconfirmed, and many believe the headline was fictitious.

https://news.bitcoin.com/reports-china-bitcoin-exaggerated/
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