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.
sometimes that investors to work on customs of anchoring with tasks of evaluation and gains with reference of supports of confirmation to avoid with least on risks on expends to secure of plan on running within the range of terms as the dedicated scheme of working jobs with the business on bitcoin finance.
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 think that the news in countries like china, russia etc. are overestimated anyway. there are often such contradictory statements and reactions from the market that i don't follow the news any more lately. that saves you a lot of nerves
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 ?
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 think that the news in countries like china, russia etc. are overestimated anyway. there are often such contradictory statements and reactions from the market that i don't follow the news any more lately. that saves you a lot of nerves
Some of them were fake and some of them were real, for example a raid on TRX office(a real case). but mostly it was fud, china likes to pressure the market. remember when we were facing the split a few years ago? back then china did the same thing, there is too many things happened with them.
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.
Complete FUD.
Markets are bearish which is the primary reason for the drop in price. When markets are bearish they tend to see everything in a more negative light than usual, which explains the fact why markets moved so disproportionally to the magnitude of the news which actually isn't that great of a deal if you looked into it.
Exchanges in China were already driven out from 2 years ago after the ICO and mining bans. If you look at major chinese exchanges almost all have already relocated, so it's not like it's coming as a shock to anyone or anything like that.
That is no good. If really China will adopt blockchain but wanted to support only their own then this isnt gonna be helpful on the entire market cap of cryptocurrency. They will impose their own usage on their own benefit. So what will happened on Chinese Investors that affiliated with pioneered coins such as btc and eth? They could be influenced by their own people to use their own digital currency.
I felt same way too. Sometimes I ask if China is confused with the way to go about blockchain. The current news in China seem to be reason for the FUD or could be market manipulations. Crypto space in general can't be 100% predictable.
There are news popping outs that will get you confused indeed. Some of them may be true or not. I hope it is all clear to you now that the recent news about China is only interested in blockchain technology and not to Bitcoin or other cryptocurrencies. The police raid is not fact. Government is not with blockchain because they can't control it, this technology is decentralized.
I think the whole thing is just a classic example of Market manipulation, we saw how the news about the Chinese Government's support for Cryptocurrencies boosted the Bitcoin price for about +30% in just a single morning and it's not such a leap to think that the opposite would be the case if there was a negative news from China as well, first it was the Binance FUD which was proven wrong but at that point, had already started the damage, then news filtered through of the Chinese Government's hatred for Cryptocurrency exchanges, let's see ho this one plays out.
The news about a Police raid in the office of Binance exchange was definitely false, the CEO of the exchange has come to refute that claim and has even said that "The Block" would be sued for publishing it, but I think the news about a crackdown on Cryptocurrency exchbages might be real, it might just be that the Chinese Government are planning to open and operate their own exchange for their coin when it's launched and wants theirs to be the sole cryptocurrency exchange in existence in the whole if China, only time would tell.
China showed interest in a blockchain technology but not in cryptocurrencies like Ethereum or Bitcoin. They are going to create private blockchain powered by digital Yuan, probably to track more chinese citizens and to secure that they are going to ban cryptocurrency trading. 
What you say is true. China is only interested and wants to embrace the blockchain for development in their latest innovation sector. Not interested in bitcoin. Many news are wrong in responding about China accepting bLokchain. Blockchain and bitcoin are different platforms.
In the current news were China declares a total ban for crypto trading is not something a reason why market are still bleeding up to this time. As remembering in the year 2017 China already making FUDs but it can not affects the uptrend of 2017 bull run, In my own thinking market tends to drop every end of the year.
I think this is part of the game for those who want to buy cheap bitcoin. Because many people say that China is the most bitcoin player, so if the issue arises there will surely affect the price of bitcoin. Moreover, their government strictly prohibits and will launch DCEP. CZ also said that there were no raids on his office, because they didn't have it there. Maybe this is the main ingredient to reduce the price of bitcoin so that the whale can buy a lot at a cheap price.
If this is part of their strategies, much better if we accumulate our holdings quantity before the big one will commence. Let's grab while the opportunity is there. Don't wait for timely price bounces to frequently spikes at higher value, and we can't even purchase bitcoin when it became so expensive.
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.
Who knows at this point, we all should have at least one Chinese contact who understands the context of these news because lots of news outlets seems to be biased or lost in translation.
But even if we hear correct news, markets doesn't seem to understand the context (i am referring to last irrational China coin fomo).
I think this is part of the game for those who want to buy cheap bitcoin. Because many people say that China is the most bitcoin player, so if the issue arises there will surely affect the price of bitcoin. Moreover, their government strictly prohibits and will launch DCEP. CZ also said that there were no raids on his office, because they didn't have it there. Maybe this is the main ingredient to reduce the price of bitcoin so that the whale can buy a lot at a cheap price.
Yes. Our market is down by whales. I mean their strategy, not any country that creates FUD. All were in their calculations and market manipulation freely. No country or law can handle this crypto market because everything is anonymous. 
I think this is part of the game for those who want to buy cheap bitcoin. Because many people say that China is the most bitcoin player, so if the issue arises there will surely affect the price of bitcoin. Moreover, their government strictly prohibits and will launch DCEP. CZ also said that there were no raids on his office, because they didn't have it there. Maybe this is the main ingredient to reduce the price of bitcoin so that the whale can buy a lot at a cheap price.
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 think this is FUD news affecting the psychology of investors and after this time the market will continue to fluctuate. I'm not sure what will happen next but the bear market will continue to last until this year so there won't be many good opportunities for people to make money. However, if you consider buying Bitcoin at $6900 today, this is the safest option for investors.Of course, China will make the market worse and whales will buy very cheap prices so don't sell at this stage.
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.
Two weeks ago China country president said that they dont allow anyone call blcockhain a scam. Those that will keep saying that will get punished. People mixed blockchain with Bitcoin or cryptocurrencies so value of them went up 20%. Few days ago it was clearly explained that he had in mind blockchain and nothing else. So prices corrected to about what was before that news two weeks ago. For those that held coins and dont live in China nothing changed really. Those in China need to be careful to not spread FUD about blockchain or might get beheaded.
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 tend to believe China is very much interested in blockchain related matters but just being discreet with it. Another thing to understand is that, irrespective of the number of times such news emanates from China there is always a come back for the blockchain space. So don't be confused, just see it as some of the issues that will pass with time because blockchain has come to stay.
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.
Since China ventured into cryptocurrency officially they have been doing ton of work to crack down on illicit cryptocurrency centers. Its a good thing they are doing but it looks like they are intentionally carrying out the job to cause more fud which is quite relatable since they don't even rate bitcoin above Neo.
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.
According to Binance, there was no raid. It's debatable if they even have a Shanghai office.
It's also kind of moot ... market overreacted to China making a positive blockchain announcement previously. Then backtracked when it became clear that China was referring to just the blockchain, not specific crypto projects.
It came across as simply a way for whales to temporarily manipulate the market to me. News which shouldn't have made a difference = 3K hike. So when it became clear that folks were misreading China's intentions, 3K retrace. And of course alts get smushed both times.
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.
China is clearly not fans of Bitcoin and other Cryptocurrencies. It's also clear that Chinese government are against Token offerings, be it ICO, IEO, STO etc. They're simply interested in blockchain technology, the distributed ledger that powers all currencies. If China will ever be interested in any cryptocurrency, It'll be DCEP – China's National Digital Currency.
China is clearly not fans of Bitcoin and other Cryptocurrencies. It's also clear that Chinese government are against Token offerings, be it ICO, IEO, STO etc. They're simply interested in blockchain technology, the distributed ledger that powers all currencies. If China will ever be interested in any cryptocurrency, It'll be DCEP – China's National Digital Currency.
China showed interest in a blockchain technology but not in cryptocurrencies like Ethereum or Bitcoin. They are going to create private blockchain powered by digital Yuan, probably to track more chinese citizens and to secure that they are going to ban cryptocurrency trading.
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.
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