The weirdness continues. This morning (in Europe) Wall Street Journal and Bloomberg continues to report on the "China ban", but without providing any links, any info or any sources. Look at how they put it
"The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private."
"People"? Who did not want to be named because the information is "private"? What are they talking about?
Then they rant about the same stuff earlier, and then finishes with this
“Whenever you start to hear about Hong Kong taxi drivers becoming millionaires from buying bitcoin, you start to think this is not necessarily driven by fundamentals,”
Yes..have you heard many stories about this yet? Is the average Hong Kong taxi driver now a Bitcoin millionaire? Talk about lies.
Conclusion
The conclusion is that there are no confirmation of this still fake news story. OkCoin and BTCC is still up and trading.
The markets are shaking their pants though. Bitcoin fell another 200$ after these articles just repeating themselves. No more information added - except the "people want it to be private". This info is so thin. There is something that doesn't seem right here.
What are your thoughts on this at this point?
@boxmining does his research well on this as he can read Chinese, and says the same thing. Fake news = FUD.
I think certain people / industries are out to rock the crypto boat to see if sinks or floats. They're just testing the waters before a full on attack, while an international one world fiat centralised crypto is being prepared.
World Money: Five Hidden Signals from the IMF
Death of the Dollar: A New World Money
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Awesome! I think youre right. Lets see how this plays out.
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Wonder how much bitcoin they got paid to FUD? Their articles and Twitter is getting some rightfully deserved flames.
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Now twice in as many weeks that some news out of China is trying to crash bitcoin. Someone must be benefiting from this, I wonder who?
Or maybe they're trying to manufacture a double top in the price chart to scare off would be buyers.
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Here is your answer.
https://dailyreckoning.com/world-money-five-signals-imf/
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I Guess They Want To Crash The Market Really Bad lol :)
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They want to kill what is so that they can control what will be.
Standard banking tactics really.
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