Re: Charlie Lee: Chinese bitcoin FUD is whale manipulation
the annoying thing about charlie's comments is that the exchange ban wasn't FUD, and that's what drove the price down below $3000. the market didn't react all that much to the FUD about the potential bans on mining and the network itself. i'm tempted to say that the market was already headed there anyway, and that the china news just helped it along.
i will note that btcdrak is the one who dropped the rumor about the government plan to block the network....
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
previous times, it was only rumors. this time, they acted harshly and swiftly. i'm still not sure whether i believe that we are in the clear now regarding more action from the chinese government. but the tweets from charlie do make me feel a bit better.
i will note that btcdrak is the one who dropped the rumor about the government plan to block the network....
obviously people will play up news to try to make fast money but there is real problems now not all FUD
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
previous times, it was only rumors. this time, they acted harshly and swiftly. i'm still not sure whether i believe that we are in the clear now regarding more action from the chinese government. but the tweets from charlie do make me feel a bit better.