Post
Topic
Board Trading Discussion
Re: Good news to bitcoin traders.
by
bob3772
on 17/10/2017, 13:15:19 UTC
"Chinese government said it is impossible to ban bitcoin that they are just trying to regulate it and they actions should benefits blockchain" https://www.reddit.com/r/Bitcoin/comments/6zzmyy/official_press_of_china_it_is_impossible_to_ban/ for fundamental analysis traders, the best time to buy bitcoin is now as this is the best significant news that come from China after the banned of ico and the fake news or rumor of banned of cryptocurrency exchangers in China.
Those are good news, but yet they are not official, they are just as good as the news from them ban itself. People really need to stop over reacting on rumors, and just wait for the official news.
The likelihood is there will be no official news announcement, China won't just openly declare all of their intentions for bitcoin so often you have to read between the lines, the fact only a couple exchanges shut down and the rest continue to be operating pretty much as normal shows that in likelihood it is just a case of having to play by the rules a little more