Post
Topic
Board Bitcoin Discussion
Re: Fake news :Bitcoin is not banned in china
by
Baofeng
on 16/09/2017, 09:57:28 UTC
Don't panic and don't sell your crypto  Angry, it is only fake news , they can't bane banne bitcoin  Cool
I have told you that some Chinese exchanges might be banned according to our own sources. Do not forget China cannot ban Bitcoin and is not banning bitcoin. The market is going down a bit now but in my view it will recover. Do not panic. Tongue Roll Eyes

Who said that bitcoin is ban in China? You just misunderstood the fact that China is not literally banning bitcoin, but exchanges and it's ICO's. And I've read an article that these are just temporal so we can see on how China is taking it's sentiment for bitcoin in the first place. They just want to regulate the crypto currency transactions in their country.
I agree with you . China wants to control its users and avoid shifting to other countries, which is justified because China owns more than 70% of the total number of Bitcoins and the ban is never going to happen.

I don't have an idea if they are owning more than 70% worth of the total bitcoins in the circulation. There are a lot of news that comes out from China and everything is aware of it and this weekend we can breathe widely because the price starts to get up again. And China is a big player in the market that has a lot of miners, investors and traders so the news did affected the market.

Really happy to see bitcoin got up in the last 24 hours. We really don't know what's real news coming from China anymore. The fakes news has already affect us in a very damaging way that the price plummeted below $3000. However, we are already in the road to recovery so I guess people already know how to react from fake news, by buying more bitcoins. Let's see if the trend will continue despite negative from the Chinese government towards bitcoin ecosystem.

Alright, it landed now at $3,800 so there's a big hope that we will going to see bitcoin again at $4,000. Those news are coming from China can be found in news crypto articles and those people that are relying to Charlie's Lee status on twitter they are so many of it. And many are taking advantage of those news for spreading fud's on internet and made people to sell.

As per preev.com its above $4000 now. I think the drama is over for now. We have unmasked the entities behind this FUD and the massive buying as well. JPMorgan is really the brainchild adding the fake and negative news from China. Its a relief from 2 weeks of seeing the market going down in shambles. I'm seeing a massive bull run already boiling and the steam has just started. Let go and move forward from the China news, they already impacted the market so much already, its about time to see the steam of bitcoin and where will it take us.