Topic: Too all those saying "China FUD" (Read 4197 times)

I bought back in full BTC between 402-409.

Money where our talk is then?

I am a longterm bull, have been a medium term bear, and am now a short term bull with hopes to put the medium term bear to sleep for a while

Too all those spreading "China FUD":
BTC is recently going up every day. 

OK, so maybe you are an alt. That's no excuse for playing Captain Hindsight.

You're sooo smart.

Advice from someone with 4 months of experience. lol

I don't need to say anything.  Bitcoinwisdom will show you all you need to know about this "FUD".

Hope you all got out in time.

Hopefully the good news will continue.

of course BTCCHINA said so, why he would tell that his market is ruined?
Facts are : price is falling since the first ban of december, AND it will drop til a good news come, obviously it's FUD because China wants cheap coins (maybe because of manipulating the market) and because most of volume is China AND because of the bubble type of price, need to find bottom and then rally again like it did in November....

SO no news = bad news = DROP
remember last year, price was about 100$ and still x5 more....

I should have said 'pseudo rational' which is indeed more dangerous to a n00b than JimboToronto constantly posting 'Bear'*derp* memes and the like.

21st march.. btcCHINA ceo said that china did not really ban bitcoin..

dude use your brains... u think huobi ceo + litecoin CEO + btcchina CEO do not have friends from the goverment?

of course they do.. so do u think they will have the news first or the corrupted reporters that will report for $ that tells the truth??


its like if your the MANAGER if there is any news.. do u think the director of your department will tell the manager first or your staff or your cleaner?

of course your manager will know first, not your mum or dad !!

wake up.. use some IQ please.. of course the damn bloody news is fake...ITS A FUD.. so dont get FK up by a FUD...

People like Matthecat don't understand that the majority of silent holders of bitcoin are speculating on future price rises over a period of years and not days. Trading is different from speculation. I don't have to trade bitcoin because for me it is a long term punt in a much larger portfolio. And I will continue to add to it at these prices until I am comfortable with my allocation.

The sky is falling and bears are screaming sell (and they are so emotive). But despite your 'crypto currency fatigue' Mat, the underlying idea of what bitcoin represents as a technology remains sound. Adoption is widening, transactions are rising. We can tell it is slowly entering the public imagination because the central banks around the world are beginning to murmur and resist.

When the market turns every bear on this forum will belatedly help to propel the price to new highs. If you didn't believe in the idea then one has to ask why you continue to post here.

So I'm the worst because I put forth rational arguments? That makes sense.

BTC China says today that Mainland Chinese CAN Fund AND Withdraw via banks... (News as of March 28,2014)
https://vip.btcchina.com/page/notice20140328

What do you make of that? Its the latest information to come out of china.

Brilliant post. I posted something similar in Altcoin section https://bitcointalksearch.org/topic/m.5961660

Bitcoin is getting ridiculous. The mining companies will manipulate a bit more in the coming days though and offer the artificial support, but this scheme is getting exposed more and more by the day. The Chinese news is just a catalyst.

Talking about the China situation is FUD (no matter what actually happens in China), since the market has already reacted it is time to move on.

Seriously, the current source is shady/weak, but the story is getting old (like Gox is old news but not fully resolved)
Bitcoin is getting big enough to move beyond this "crap", so even this current effort is a form of "just more FUD", (even though you probably didn't have that intention)


Q) What if the Chinese dump huge amounts?
A) People in Denmark can buy and legally pay no taxes on the profits.

Bottom line:
There is way too much good news to be focused on bad.
If you are repeatedly focusing on the same bad news, it is FUD by definition.

But don't make the same mistake that I have made in the past in turning 'anti-Bitcoin' due to associating it with the fkn numbskull spastics on this forum that fill the pages up with endless reams of brain dead tunnel visioned delusional shit.

I noticed you get in an argument with billyjoeallen, who I count amongst the very worst of Bitcoin Nutters around. He is dangerous because unlike say JimboTornonto, pbody or any of the other truly idiotic and totally mindless Bitcoin Nutters, he does put forward rational arguments, he likes to remind everyone of the great wealth that investing in Bitcoin has brought him, yet practically everytime Bitcoin does anything except go up, his market acumen has been proven to be horrendous and I am in no doubt that he has influenced dozens of noobs into jumping into Bitcoin at the worst of times and ending up seriously underwater. Of course, in his own words, there is more to investing in Bitcoin than chasing mere profit. There are higher values and goals at play here, right? He extols the virtues of being a 'Bitcoin cultist' ensuring that it has inherent value no matter what happens. But then I am sure most of us wouldn't mind holding the odd few hundred Bitcoin simply to 'support the cause', especially if we only paid single digits for them in the first place and have cashed out a small fortune on top of those, but as far as late investors are concerned, who really fancies emptying lots of their savings into some shark market players pockets purely to 'support the cause'? Especially so now that the true nature of Bitcoin is increasingly being spelled out to those of us with an ability to read between the lines as something considerably more nefarious and indeed sinister than the 'libertarian magic internet money of freedom' which Bitcoin was embraced as back in 2011/2012.

by China you mean, the government-parasite-bureaucrats ...

All this is true except for the 60% part. That is not even close to correct. I contend that Chinese is probably 10-15% of the market, that their no trade fees lead to ridiculous high coin circulation AND that most of the traders on China exchanges are not Chinese.

A lot of good points are being made here.  But there are some of you that fail to recognize the "China" economic policies that are currently in place.

A good amount of you seem to forget that China is still a communist country.  Why we have open trade with them and not other communist countries is still a mystery to me but that's besides the point.

Let's step back from the screens for a moment and look at the overall picture of China's economics.

1) Only allow export of manufactured goods.

2) Hoarde world's raw materials including precious metals.

3) Sell back low quality good to people with lots of fiat.

4) Do not permit citizens to move country's currency into other forms to avoid dilution of the state.

5) Prohibit transactions which devalue the currency of the state.

You can call it FUD or whatever you want.  The truth is, China has a history of not wanting to let their money leave their country and will go to great measures to protect the state even if it means banning something without any further explanation.

Just google China ghost towns to see what the Chinese have been doing with the funds that are not allowed to leave the country.

China is roughly 60% of the bitcoin market.  If that goes away expect the price to fall dramatically to correct levels out of bubble territory. 

Trade accordingly and quit crying because you missed the triple tops.

Thanks for share your history, I always apreciate yours post.. You right, you should follow the trend, the wisdom of the crowd, etc.. for me its' all about timeframe, since I got into cryptoeconomy as a miner I see things in long terms, and it's also a bit like my own personality ..I have a tendency to think about 5-10 years ahead ... I more inclined to be hedge fund manager than day trader ... unfurtunaly I not that stake high, but yes I preffer check stuff like 4 times a year, than check every single day the charts ... Well, as a miner my hardware is paid itself alread, already makes profit to me .. now I just checking the eletricity ... so pretty much... all that swing does not afect me anymore..

This year things seens to be more controleded by exchanges ...while in 2013 was by hardware mining industry ... I think next year will be more software people developing new products based in bitcoin technology ... I will keep my eyes on ... social media (doge) anonymity (anon/zero) frameworks ( ethereum ) etc ...