or late for the announcement. The last couple of days will see a small drop in the price, but most people already moved their
coins to cold storage or are trading on other platforms. {Localbitcoins}
Topic: Bitcoin crash on the 30th becasue of closing of chinese exchanges? - page 2. (Read 654 times)
September 27, 2017, 10:27:13 AM
There are always some people that would trade until the last hours before these exchanges goes down. They are either greedy
or late for the announcement. The last couple of days will see a small drop in the price, but most people already moved their
coins to cold storage or are trading on other platforms. {Localbitcoins}
or late for the announcement. The last couple of days will see a small drop in the price, but most people already moved their
coins to cold storage or are trading on other platforms. {Localbitcoins}
September 27, 2017, 10:12:35 AM
I wouldn't think so, the crash already happened, when BTC went just bleow $3k and recovered. I would rather think, that BTC is going to take off, once the exchanges close and the uncertainty resolves.
It's recovering and will still continue to goes a long way even china bans it, it already dump up to $3k but still able to rexovee in just a week meaning btc were capable of withstanding when crashes happen.
September 27, 2017, 10:08:59 AM
I wouldn't think so, the crash already happened, when BTC went just bleow $3k and recovered. I would rather think, that BTC is going to take off, once the exchanges close and the uncertainty resolves.
September 27, 2017, 10:05:49 AM
Exchanges have already been closing, like this story today: https://www.investing.com/news/cryptocurrency-news/chinese-bitcoin-exchange-btcchina-stops-accepting-deposits-533247
September 27, 2017, 10:04:52 AM
I am wondering what you guys think about this. Will the closure of the chinese exchanges affect the bitcoin price one more time?
Will the whales manipulate the market because of news outlets reporting the closures?
Will the whales manipulate the market because of news outlets reporting the closures?
I am not sure. but all possibilities can happen, there's always an impact and that's for sure. but basically the bitcoin has experienced the first time decline of china forbid. but I think china always makes rumors who want to subvert the bitcoin.
September 27, 2017, 10:02:40 AM
It's all priced in, where were you when the price went from the mid 4k range to $2800 a week or two ago? The market has digested & shat out the news.
Recovery is over now & the price is the price.
Bitcoin HODLERS not affected.
Recovery is over now & the price is the price.
Bitcoin HODLERS not affected.
It looks like a bunch of noobs still haven't realized the fact that only because it was appointed to happen on 30th, doesn't mean 30th is relevant anymore.
A lot of people have a hard time understanding that things get priced in before the official fact happens. All the panic selling has already occurred. I would be cautious if we were still flirting with the $3400 resistance, but we are now past $4100 (ignore the current market noise, we crossed $4100 and now $5000 is next.)
September 27, 2017, 09:58:24 AM
Whatver Chinese exchanges do or whatever happens to Chinese exchange cannot make anything to crypto world, maximum it does would be to stop it for a short time.
September 27, 2017, 09:56:47 AM
By looking from the bitcoin exchange volume from this site: https://coinmarketcap.com/currencies/bitcoin/#markets please tell me which Chinese market have enough volume to change the price after the exchange closure?
there's none because I see none of Chinese exchange even included to top 5 right now so stop spreading BS
there's none because I see none of Chinese exchange even included to top 5 right now so stop spreading BS
September 27, 2017, 09:51:35 AM
This may be because some people will chase to sell their bitcoins. And it may affect slightly. And rise again a few days later. Others may not sell and store their bitcoins. we do not know what's going to happen so what we can do is wait and see what happens and if there is a collapse it will quickly convert the money to survive the decline in the amount of your bitcoins. And you can buy again when panic selling is over. That way the more money you earn and the amount you can double your money, just a few days away
September 27, 2017, 09:51:16 AM
It's all priced in, where were you when the price went from the mid 4k range to $2800 a week or two ago? The market has digested & shat out the news.
Recovery is over now & the price is the price.
Bitcoin HODLERS not affected.
Recovery is over now & the price is the price.
Bitcoin HODLERS not affected.
September 27, 2017, 09:48:21 AM
where have you been so far? sleeping? 
they have been manipulating the market so far with the FUD about exchanges being closed. and it has always been like this the price moves when the news comes out not when the news happens. by that time nobody would even care anymore!
they have been manipulating the market so far with the FUD about exchanges being closed. and it has always been like this the price moves when the news comes out not when the news happens. by that time nobody would even care anymore!
September 27, 2017, 09:44:48 AM
Nope. It's all priced in,
We haven't heard much from users of the Chinese exchanges about whether they have been able to withdraw all their coins safely - but no news is probably good news. I'm sure that if there were problems it would be all over the forums.
We haven't heard much from users of the Chinese exchanges about whether they have been able to withdraw all their coins safely - but no news is probably good news. I'm sure that if there were problems it would be all over the forums.
September 27, 2017, 09:38:25 AM
I am wondering what you guys think about this. Will the closure of the chinese exchanges affect the bitcoin price one more time?
Will the whales manipulate the market because of news outlets reporting the closures?
Will the whales manipulate the market because of news outlets reporting the closures?
Jump to: