China's memo regarding bitcoin is fake

[Rabia]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

[JasmineRose]

I dont know why china ban crypto, many big country likes cryptocurrency such countries in europe. Bitcoin always grow up untill now but always many issue. Why not make it easy. Just make regulation and give it security.

[Crypto Guard]

This is bad news. If the Chinese state makes a decision like this, this will result in falling world Bitcoin prices. I don't know for sure why the Chinese Government banned the existence of a Bitcoin business in his country. But what I heard from some information that I got that China closed Bitcoin because it thought Bitcoin was wasteful of electricity and spent a lot of money. for that China closed it.

[emma.lee1890]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

lolll if what you read is right, then congrats for the down of crypto market in past days,
thankyou for the low price,
now it is the time to hold more and reap the profit from the raise of crypto market.

[emma.lee1890]

I dont know why china ban crypto, many big country likes cryptocurrency such countries in europe. Bitcoin always grow up untill but always many issue. Why not make it easy. Just make regulation and give it security.

Can you provide the source of the news you wrote? I just wont to check which news are more reliable?

[emma.lee1890]

This is bad news. If the Chinese state makes a decision like this, this will result in falling world Bitcoin prices. I don't know for sure why the Chinese Government banned the existence of a Bitcoin business in his country. But what I heard from some information that I got that China closed Bitcoin because it thought Bitcoin was wasteful of electricity and spent a lot of money. for that China closed it.

Yes of course manipulations are popular and usual, but we should follow the official news, i am little bit confused after so many different and opposite information which was posted recently.

[Jetski]

Most of the media sources reported that china is soon going to ban all websites linked to crypto trading and ICOS and foreign exchanges.A mailbox of PBOC was hacked and a fake press release was sent to media sources.It also said that PBOC and the HKMA have decided to announce a new anti money laundering regulatory framework.But later it was known that they had no such idea.

It created a lot of damage to bitcoin.Actually the hacker wanted to bring the bitcoin price down and he achieved it.

I think it's just speculation because until now there are so many Chinese investors that are currently investing on crypto currency market.

[Black ID]

Wahh. So this is the main cause of today's decline in Bitcoin prices. Seeing so many people affected by the news of the Hoax that many people sell their Bitcoin and leave it. that's what causes Bitcoin to go down and keep going down every day.

[capt ronald]

Yes, It's just a fake circulated  in social medias so people get panic and sell their crypto investment in a very low price.

[emma.lee1890]

now it is the time to hold more and reap the profit from the raise of crypto market.

[sugarchrisp]

Fake news will always have influence as there's no shortage of dumbass people in the world.  All you can really do to protect yourself is learn to recognize fake media and respond appropriately.  The manipulation will end eventually, once there are enough people who are aware enough to look for it.  Remember crypto is still in the very early stages of it's development as well, it can grow at least a few magnitudes higher from where it is right now, if not more. 

[altcoingamer]

Even mostly true news has a very biased slant... timing and how its presented even saying true words can have a very different feel and effect... you can see this in CNBC's fast money when it comes to crypto they may something that doesn't sound negative but it has a condescending tone like its a joke... fake news is quite common too even among mainstream media and not just sensationalized news sources either... its more important than ever to try to remain objective and try not to attach to what you want to see too  much, positive or negative.

[flyaccount]

This is bad news. China is one of the biggest Bitcoin users in the world. If indeed China wants to ban the existence of Bitcoin or ICO. Then automatically Crypto users in China are reduced and even none at all. This is what causes the price of Bitcoin to go down and keep going down every day.

[expander]

China only lures its citizens so that its citizens stop doing business in Crypto money, especially in Bitcoin. Because from the beginning the Chinese government had objected to the presence of Crypto. I personally do not know for sure why the reason, what is clear is that I hear that the Bitcoin Business consumes a lot of electricity, so the Chinese government prohibits it. That possibility

[Ragnar]

News is one of the reason that has the ability to change something created like bitcoin as we know fake news will make the bitcoin's price fall.