Re: More Chinese FUD to trigger panic selling on idiots

I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian.

I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently.

That's why I like being here. Ethereum would be the most and overt dumped if it comes to ICO prohibition. What we have now it's 20% correction after August 50% run and that Chinese FUD is only excuse.

Well i dont think so. it's just whales. I dont see any big volume with this fall. Market cap is still 144 Billion quit with the FUD. This time, most likely. Hold on tight!

Market cap is still at 142 Billion. There was some dumping again today, which resulted in another panic run. But I guess its all good because bitcoin will be really tested on this trying times. Its really the news that really pull back the price and whether intentionally by the Chinese it doesn't matter. They can go out now. For me they have benefited from the news they have announce, fake or not. I don't know what they are dumping bitcoin, if they are chasing ICO's the most likely to be affected is Ethereum. That's why it doesn't make sense to me seeing bitcoin being dump by them. So I'm speculating that they are really spreading FUD so that the big whales can benefit from all this panic.

Maybe there's effect rather on bitcoins since some low scale Ethereum holder will be panic and started to sell there coins into bitcoins and change it with fiat, And that would actually hit the price and some other guys out there think that banning of all ICOS on china can affect the bitcoins to and maybe some of them also dump off there hodl bitcoins since they think that this one will be strongly implemented ban to there country.