I predicted that the "Fraud of bitcoin" was just a game the big boys were playing because they felt poo pooed that they did not predict Alt coins(bitcoins) would do what they would do. So they were mad and very, very greedy. so when news came out of China that they were outlawing, these banks that felt their grip on power loosening took advantage of an oportunity to disinform the masses about the fraud of Bitcoin.

What Next?

Be prepared for more disinformation while the banks try to continue to consolidate their position with bitcoin. do not sell, while you may be tempted to out of fear of loss but if you use common sense and understand this is truly not fraudulent and the wave of the future. Also that these banks have billions of dollars at their disposal to try to screw you out of your wealth. Right now they are probably playing so many angles to get their hands on the true mass majority of Alt Currencies. Just Relax, breath and don't give in to the media fear mongering. ** this my friends is the true Gold Rush Consolidate our position if you can. buy,buy,buy*

History

What interesting is ths is exactly what drove the great depression on 1929 and by guess who?? JP MORGAN. He put out a rumor about the instability f the banks and that people were going to lose their savings causing widespread panic. in turn millions of people emptied their bank accounts and selling stocks and bonds, which crashed the economy. Then what did the big boys do next?? *They bought all the loss at pennies on the dollar.
My steemians history always repeats itself if you study the past, you can predict the future. Do not let the big boys win. hold on, ride it out and you will win not like J.P Morgan did in the 20's.

here is a qoute from the era during the great depression:

Montagu Norman, Governor of the Bank of England, came to Washington on February 6, 1929, to confer with Andrew Mellon, Secretary of the Treasury. On November 11, 1927, the Wall Street Journal described Mr. Norman as “the currency dictator of Europe.” Professor Carroll Quigley notes that Norman, a close confidant of J. P. Morgan, admitted: “I hold the hegemony of the world.” Immediately after this mysterious visit, the Federal Reserve Board reversed its easy-money policy and began raising the discount rate. The balloon which had been inflated constantly for nearly seven years was about to be exploded.
*courtesy of: friends of the American Revolution

upvote, resteem, and follow you will not regret it