I donot understand what are going to on bitcoin?Bitcoin dumping and dumping
.Now bitcoin under 3600$ i think in this week its going to under 3000$.China can destroy bitcoin or ended this month.What your predict ?
problem is market china has banned. i dont know that all will be make destroying bitcoin or make be worse. with considering china are big of holder of bitcoin which 50% total bitcoins. that is may possibly fall hit 3000$.
Possibly they are trying to control the price of bitcoins to get control over it because till now bitcoins are the most secured and exponentially growing cryptos in the market. I think this dumping period will be lasting for the whole month but the price of bit coin will not fall to destruction or its end.
Yes you are absolutely right. They are only focusing on just drowning the price chart but I think they are big fools. Excluding China there are hundreds and thousands of users so how could they even think of it. Still, you are right that prices will stay or move around this figure as now but they wouldn’t be going below $3000 no matter in any condition. You can see the price started again to climb to $5000
china doesn't control all of bitcoin, they're not capable of doing such thing, if they think they can, I can say that they're plain stupid to do that, china government isnt that fool to try control something they're not capable of since bitconi is decentralized and see now. all is fine, even the regulation in china making bad situation back then.
that's not to say that they dont have any influence, they demonstrated that a month ago when they dropped the news that exchanges / ico's could be banned. and we saw the results; the price of bitcoin tanked soon after, and continued to fall nearly to the 3000 mark, down from the 4900 usd range. sure, theyre not capable of destroying bitcoin, and i dont think any single entity is, but they sure do command a fair amount of influence, like it or not.
there will be nothing these type of happening. Bitcoin will not die or destroy in this month or this year. Bitcoin will last for a long time. it will be a global currency very soon. Bitcoin will be the most profitable business and market system in the future. at everywhere people will be involved in this platform. day by day Bitcoin it going to that way...
This anxiety is always present in every hardfork process, the schedule will continue in mid-October and bitcoin potentially lose value when upgrading the system, this will make the market turbulent because the user has a 50:50 possibility to get bitcoinGold or even lose it all in a short time
the price may drop initially, but keep in mind these forks do improve bitcoin bit by bit. in the long run, or even just a month after the fork happens and all the infighting settles down within the community, the price could spike as people see how the improvements better bitcoin.