It's just a FUD, CZ tweeted about this and it was not true. Some people are really want to manipulate the market by making negative news about the big exchanges. We should not share this kind of negative news.
when a defense arises from CZ, there should be no fuds that tend to be truly hoaxes that will emerge, there must be a serious legal step against their authors. it is likely that all future news will be more often linked to large volume exchanges such as binance, etc., hongkong protests linked to funding from crypto, blockchain, and illegal investments as crypto headlines. Uncontrolled fud makes it look like neatly organized propaganda. 
Topic: The current news in China is just a fud or something more? (Read 298 times)
I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
if you follow bitcoin for a long time, something like this is the same as in 2017 before the price of Bitcoin to $ 20000, lots of news from china about bitcoin, from FUD or FOMO, obviously this is like their game, I think they will make 2020 or maybe this year here comes the Bitcoin bull
China is one of the countries that often FUD bitcoins. They banned bitcoins but allowed their national coins in production and sold. Strangely there that the blockchain project started to grow from cryptocurrencies like Bitcoin which makes the blockchain special. Or perhaps because they are afraid to compete with bitcoins and their coins do not sell, so China is blocking some projects that exist in cryptocurrency.
For the past two years, China has been constantly reporting news that has made the market volatile and I think this is just manipulative news that whales can buy cheaply. I am quite familiar with this situation and always have a timely solution to avoid losses because 2018 also had news like this. Currently, this is a good opportunity for investors to buy some cheap coins because I believe that the market will recover soon in the shortest time.In fact, country has the largest number of participating investors in the world and any news related to this market will directly affect people profits.
Its just a fud even it is real there will be pump happens in near future .I am saying this based on previous experience in cryptocurrency as well previous scenario . When china initially banned Exchanges price went below 2000$ then the price increased above 20000$ . Even next china banned mining price and marketcap increased rapidly after small dump . So crypto enthusiast dont take china seriously they are going to do nothing for Crypto Space.
I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
Looks like you didn't read the news clearly. The Chinese government only supports blockchain technology and applauds it a lot but has never mentioned crypto!A few days later, the government voiced its support for Crypto because it was a scam business and money laundering. It's completely different and hopefully next time you will read more carefully.
It's just a FUD, CZ tweeted about this and it was not true. Some people are really want to manipulate the market by making negative news about the big exchanges. We should not share this kind of negative news.
China is one of the countries that often FUD bitcoins. They banned bitcoins but allowed their national coins in production and sold. Strangely there that the blockchain project started to grow from cryptocurrencies like Bitcoin which makes the blockchain special. Or perhaps because they are afraid to compete with bitcoins and their coins do not sell, so China is blocking some projects that exist in cryptocurrency.
I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
I have heard about China raiding binance office, and the sudden turn out of events such as banning so on and so forth. This got me surprised since few weeks ago China was all good towards crypto, and blockchain. And in addition binance was building up an office in China. As of today it is still a news and no one still confirms about it. Let us just hope that these are just misconceptions, and nothing more than a gossip.
second, China is trying to create their own crypto ofcourse to beat down other crypto to pulp they could just do this to secure the market share for their own crypto. There's no such thing as china love crypto, people are just too optimistic about this.
I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
I have heard about China raiding binance office, and the sudden turn out of events such as banning so on and so forth. This got me surprised since few weeks ago China was all good towards crypto, and blockchain. And in addition binance was building up an office in China. As of today it is still a news and no one still confirms about it. Let us just hope that these are just misconceptions, and nothing more than a gossip.
I don't think that the problem here is that the news is fake - it is very real.
But it's still FUD nonetheless based on how negatively people have interpreted this news for absolutely no reason. We've long known how the Chinese government and central bank has responded to decentralised cryptos, and it's not overwhelmingly positive if you know what I mean.
This FUD has significantly contributed to the slip below $7k in price, I'd say. But in the long run, any rational investor will realise that this essentially means absolutely nothing to BTC's fundamentals.
But it's still FUD nonetheless based on how negatively people have interpreted this news for absolutely no reason. We've long known how the Chinese government and central bank has responded to decentralised cryptos, and it's not overwhelmingly positive if you know what I mean.
This FUD has significantly contributed to the slip below $7k in price, I'd say. But in the long run, any rational investor will realise that this essentially means absolutely nothing to BTC's fundamentals.
I think that too much has already been written about this to discuss this. But my opinion is that everyone has long understood that the news that comes from China constantly affects the course of bitcoin. The crypto market manipulators have already understood this too and I think that they specifically create such a news background. But I think that this is one of the last such news, since no one will soon trust them.
There's a general misconception about the recent news particularly the one about Police raiding Binance office. It appears that was a false accusation against binance.
Well what was that all about? I did read something about a raid on one of their offices and assumed it was true. Guess not.How can anyone believe any news coming out of china? It's almost as bad as trying to figure out what's really going on in N. Korea, and as far as china's words about bitcoin go I don't put much stock in them and I don't think that's the reason why bitcoin dropped. I'm not sure if all that was intended as fud but it may have made some investors fearful and obviously there was a lot of selling going on.
Everyone is looking to find a reason why bitcoin could be low right now. Some says it is whales, some say it is manipulation, some say it is china.
Yeah, and it could be none of those or all of them. In my opinion it's wasted mental energy trying to figure out what caused this last drop.
This has always been the game of the high and mighty, create a major FUD, cause traders to flee and sell their holdings, then buy low, and short it at a good profit, they keep repeating the trick and getting richer while the weak always crying. It's a funny strategy.
I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
Chinese government is only interested in using blockchain technology to revamp some sectors and do not have any interest in crypto. I saw the news about Chinese government giving a cease order for some crypto exchanges which are not yet registered, then I've been thinking if this could be a start of regulations? (my reason is because Korea followed suit placing an embargo for unregistered exchanges). I thought china already banned exchanges years ago but it seems they're creating another news about it. Is the news even reliable its like creating more and more FUD intentionally but to what purpose ?
China announced that they're only interested in blockchain which they might be aiming into creating their own crypto currency but doesn't that mean they'll have to create exchanges in order for their digital coin to grow ?
China announced that they're only interested in blockchain which they might be aiming into creating their own crypto currency but doesn't that mean they'll have to create exchanges in order for their digital coin to grow ?
They did, which is why this news cycle is sort of ridiculous. BTC shouldn't have spiked on China's previous announcement -- it was clear at the time they were just referring to blockchain tech, not specific coins. And folks shouldn't panic now thinking China will be closing a bunch of exchanges... they already did this years ago.
So it just looks like whale manipulation to me.
I still see it as a fud. It's normal for Bitcoin to drop down because it's volatile so I guess we can't blame things in a single event. There are people who are spreading rumours even if they got it from an unreliable source. That's the reason why we have to check on the news that we are reading so we'll never get affected negatively. There are actually lots of news about China involving crypto but those will remain rumours unless the said country will announce the truth.
I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
Everyone is looking to find a reason why bitcoin could be low right now. Some says it is whales, some say it is manipulation, some say it is china. There are tons of reasons of what could be the reason bitcoin falling but there is one main reason why bitcoin went down ; people sold.There is no way bitcoin could go down without people selling bitcoin, what we are forgetting is that if we buy bitcoin it will go up, why it went down? Because, someone sold. It doesn't have to be one guy, it doesn't have to be because of this or that but as a whole bitcoin community we failed to buy more than we sell so in the end price went down. Maybe we should stop looking for excuses and reasons for bitcoin going down and start realizing that as long as we don't keep on buying and holding, it will go down.
Just like suggested, China seems confusing with the way they respond to to blockchain tech issues. Sometimes, we heard they're building one of theirs and another time, we hear they ban cryptocurrency and blockchain related projects. That seems even more than confusing.
PBOC attitude is still the same, they remain in the position of banning crypto. Fud was launched not without reason, because it is a cross-border illegal crypto investment syndicate.
I imagine if I am an influential person in government, this is like a step forward in a chess pawn that easily influences sentiment.
basic logic is that it is not possible to support blockchain without looking at the supporting network.
I imagine if I am an influential person in government, this is like a step forward in a chess pawn that easily influences sentiment.
basic logic is that it is not possible to support blockchain without looking at the supporting network.
I believe that Chinese government fights against unregulated crypto exchanges at the moment. They have already banned crypto on the government level and it does not seem that they are going to stop in the nearest future.
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