Are People Using Chinese F.U.D. to Manipulate CryptoCurrency Markets??? YES!!!

Anyone involved in cryptocurrency the past week has seen their portfolio get battered and bloodied... Personally at one point I saw my portfolio get slashed in half... I was actually at a bar and checked my portfolio and yelled "FUCK!" at the top of my lungs and received some weird looks from the attractive group of girls next to me... However I did not panic (Though I was not exactly calm) because I have seen major dips like this before many times in these markets...

The First Major blow to the Market was the Peoples Bank of China saying they were banning ICO's on Sept 4 2017... The markets soon after took a nose dive. Shortly after on Sept. 6, 2017 the Chinese released a statement on National News saying the ban is only temporary and they do not want to hinder businesses which made the markets bounce back... In the picture below you can see the timeline of how the CHINESE FUD (Fear Uncertainty and Doubt) has wreaked havoc on the Crypto Markets...

Since then people have noticed the effect that CHINESE FUD has on people... People have been using this FUD to short markets and make fortunes. All over twitter there is one person after another screaming about some sort of new restriction the Chinese governement are putting on Crypto or you'll see photoshopped pictures of police raiding a "Chinese bitcoin exchange" to try to induce panic selling so they can buy their crypto back at a much cheaper price...

There were two reports today September 8, 2017 one claiming "China will close all domestic bitcoin exchanges" - Coindesk
Then another report saying "World Bank and IMF declare bitcoin as the Global Reserve Currency" -Crypto Hustle

It has been a rinse and repeat for the last week... I could go as far as to say the Chinese are doing this intentionally to scare people so they can get all the crypto at a cheap price and control the markets but that's just a conspiracy theory...
With almost every FUD story you can find another story to completely contradict it... DO NOT fall for the FUD and sell your precious crypto bag to the douche bag who fed you a shit pile of lies... Do your research and DO NOT listen to some dick head on Twitter and panic sell your whole bag before confirming what they are saying is true from a couple sources... People want your cheap crypto DO NOT give it to them for less than what you paid...