Topic: Too all those saying "China FUD" - page 3. (Read 4263 times)

Why does every subject I talk about here end up with an irrelevant discussion about my own trading?

TERA has made a shit ton trading and is a bitcoin advocate, so get off his ass. When you lump people into a category just because you do not like what they say, that reflects on you. TERA is not a troll, making shit up to try to affect a price.

Now to your points, TERA. I agree, whether this current announce is true or not, I expect it to become harder and harder to trade in China in the near to intermediate term future. If and when Bitcoin becomes a more global system of payment, China will probably reconsider, but for now its an annoying blip on their radar. I think that is another reason they are ambigious about it. They really don't care as much as people think they do. Nor do they feel threatened in any way. I just don't think they see any benefit, which isn't surprising because China is not innovative by nature. They are copiers by nature. This is also why, despite so many bitcoin advocates complaints and gripes, the US is actually the most friendly bitcoin country to date and the biggest beacon to its potential global adoption. China can come later. The US is much much more important short term.

But because China did not "follow" through on their announcement months ago, that negativity did not have a chance to be fully rung out of this market.

The final Chinese "cleanse" has begun. And its probably going to be about as ugly as the Gox cleanse.

I think this will lead us to our final bottom. But its probably going to be another bearish ugly 3-4 weeks. And if $380-$400 holds a third time, it will be a testiment to a market with potential to move back up.  

Should be some volatility and lead to some good trading opps.

Sorry to hear you sold your coins in the 1-2 figure range and/or lost your coins.

I personally think bitcoin value is going down the shitter and people are way to optimistic.
That being said, look at how many crashes china has caused over rumors of the same shit said differently.
So, for me China news is about as credible as hicks talking about getting sodomized by aliens. 

When people scream FUD, it generally means that they are hearing things that they don't want to be true. Especially on this forum and especially you.

Well TERA, I think you wanted some decent discourse on this so I'll oblige.

I think when people scream FUD, it just means that they feel the Chinese government is cowardly for it's behavior in not providing clarity on their stance of bitcoin.  Right now if the Chinese government and PBOC wanted to clarify their stance, they could easily do that couldn't they?  But ambiguity is a form of oppression, of mind control, a way of inspiring panic and fear in their people.  And they seem to do that very well, in fact revel in it.

The news could very well be true, and most likely is at this point.  Whether it is or it isn't, the Chinese panic sellers believe that it is and that's all that matters to them.  Their actions today speak for themselves.  If they want to be sheep and sell everything, then so be it.

Personally I hope that the PBOC weighs in on this definitively in the next few days and I hope the news is true.  I hope that China dumps for good and goes away from bitcoin forever.  Right now they are a liability in all of this.  I think that's what the rest of the world is thinking as well.

To all of those that don't care about China - You're right comrades.

Stop spreading FUD! ohh.. sorry autopilot was on. Carry on.

So you sold your coins?

Justify yourselves. I'm tired of hearing this. What makes you keep saying that the China situation is FUD?

As far as I'm aware, it is a FACT that the PBOC issued statements in DECEMBER that third party payment processors and banks should not transact with bitcoin exchanges or in bitcoin. Since then, Chinese exchanges have ignored the guidance and continued to use bank accounts, and attempted other manipulations and tricks in defiance of their government. Bulls have been attempting to use sheer hope and willpower to turn this temporary situation into a permanent one and pretend that nothing ever happened in China and that everything is ok. They are deluded! To think that the Chinese government was not going to enforce PBOC rulings or for the bulls to think that they could go in and change the fabric of the universe to reverse things with their sheer bullishness, enthusiasm, and willpower. Moooooo! No! It was bound to fail eventually. Now the inevitable enforcement action rolls around. Even if the current news is fake (which I'm hearing it probably isn't), enforcement action could STILL be right around the corner, and I've been warning about this months, and how I never really liked this 'recovery' because it was always led by or supported by China which was doomed to fail eventually.

One more thing: Someone argued with me that cash vouchers were the reason everything was ok. You know well as I that it is not cash vouchers but bank transfers that have been moving the real money, cash vouchers are just another trick to defy the government which will probably also be banned, and that cash vouchers are not even on Huobi - the highest volume exchange, so they are practically irrelevant.

So anyway, anyone who still subscribes to the "China FUD" theory, explain yourselves?
1) Why do you think the rulings in December were fake, or did not really imply that bank accounts should not transact with Bitcoin exchanges? Provide proof. If there is a mistranslation, please provide the appropriate translation, and proof of how it is a valid translation.
2) Why do you think the current news is fake? Again, provide proof.