You guys need to check the news more often, it just got confirmed as fake news. China is spreading FUD to cause panic so inside traders can buy a lot of cheap LTC before it goes to the moon after segwit and coinbase news become official:
https://bitcointalksearch.org/topic/china-spreads-fake-news-about-halting-ltc-and-eth-withdraws-to-buy-cheap-ltc-1886321
Topic: Trading of LTC, ETC and other altcoins might be halted in China (Read 1088 times)
time to get on 1ex.trade !!!
This is funny how it just pop right now when Litecoin and Ethereum Classic are poping in price...
yes so the person who created the fake news obviously sold ltc etc and want a lower entry
This is funny how it just pop right now when Litecoin and Ethereum Classic are poping in price... And anyway, most of the trading volume for thos two crypto-currencies is out of China in places like Poloniex, Bittrex or Kraken.
China has been out of the game, at least directly for some time now. they don't have any of their big exchanges and the trading volume that we saw dropped a lot but all that has never changed anything for the Chinese. they are still doing their trading and investment but a bit harder now because they either have to go to places such as localbitcoins or to other foreign exchange platforms to buy bitcoin and altcoins.
The more important aspects of that are these:
"Note: the authenticity of the source is still uncertain and the story will be updated constantly. More could be found on 8btc forum"
and
"The report has not citied any source to support the above claims."
hahaha, that's the point as we can't rely with that news yet and maybe more whales just wanted to shake the price so they can buy"Note: the authenticity of the source is still uncertain and the story will be updated constantly. More could be found on 8btc forum"
and
"The report has not citied any source to support the above claims."
more ltc and etc and other alts that they wanted to bag, lets just be more observant before we believe in such news.
Market shake to buy cheap LTC before the pump.
The more important aspects of that are these:
"Note: the authenticity of the source is still uncertain and the story will be updated constantly. More could be found on 8btc forum"
and
"The report has not citied any source to support the above claims."
"Note: the authenticity of the source is still uncertain and the story will be updated constantly. More could be found on 8btc forum"
and
"The report has not citied any source to support the above claims."
http://news.8btc.com/trading-of-ltc-etc-and-other-altcoins-might-be-halted-in-china
Quote
Since the on-site inspection on Chinese bitcoin exchanges and suspension of bitcoin withdrawals, the regulatory policy or the “red lines” are being reiterated. However, according to a report by China.com today, trading of LTC, ETC and other altcoins might be suspended to control risk.
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