Quote from: Yuhee on September 19, 2017, 07:39:13 AM

Quote from: MAbtc on September 19, 2017, 07:28:35 AM

Quote from: MiddleFingerToTheMan on September 19, 2017, 07:03:20 AM

So what bitcoin FUD are you expecting next seeing that the atomic bomb in the arsenal has been used up (china ban) and did minimal damage?
What is left to suppress the price?
Pretty funny to see the wall street journal panicking & resorting to BS articles now.

Well if the ban on ICOs and cryptocurrency exchanges wasn't enough, there is in fact some new FUD in the pipeline. Word has it that the Chinese government is considering blocking access to the Bitcoin network (and others) within China, like they do with Facebook with the GFW. See: https://twitter.com/btcdrak/status/908998917995552776

The latest rumors regard mining. Supposedly, prohibitions on mining are on the table. I wish I could read Chinese, because apparently people are talking about it on 8btc: https://twitter.com/redtheminer/status/909961602018926592

Well kind of normal for users to have some doubts on this things especially the panic it caused during those past few days. But i guess people are easily controlled by the price flow. One day they are in panic but upon seeing the price we became reliant on btc. Even after that chinnese announcement Japan also broke the FUD by reporting to the the world on there positive views on bitcoin.

But there is a big difference between a temporary loss of Chinese trading volumes (e.g. because of the exchange shutdowns) and blocking access to the Bitcoin network within China, or banning mining. The former may have just caused some temporary panic which was quickly absorbed by the market.

But if China bans Bitcoin mining? That will be cause for much more drastic panic. China controls a strong majority of hash power. A Chinese government ban on mining could instantly cause a massive drop in hash rate.