First thing's first, it ain't fud. The chinese government just did it to get rid of all the scammers and have enforced due regulations to their country. Because they are obsessed with their image more than how they are obsessed with money.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
The waves of worries may have passed already because the prie of btc is recovering, but the thing is, china is unpredictable. So we really cannot say for sure what is over and what is not.
I was pretty hopeful that the wave of bad news would be done after the market absorbed the ICO and exchange bans. But it sounds like there is more to come. I haven't seen any reputable sources confirm the story about banning the Bitcoin network itself. But there are reputable VCs with sources on the ground who are saying, "we havent seen the worst yet." Apparently we're talking about a complete ban on OTC trading at least. We could even be looking at a mining ban, or a state takeover of mining operations: https://twitter.com/bitcom21/status/910579445198602240
The FUD is strong right now...
