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Topic: Bitcoin price drops as PBOC continues inspections - page 3. (Read 2109 times)

hero member
Activity: 1470
Merit: 655
It seems that a second round of Bitcoin price crash just started after PBOC said that they will continue inspection of Chinese Bitcoin exchanges.

.....cryptocoinsnews.....

this is not news, cryptocoinsnews is once again creating clickbaits articles to generate traffic and also help the FUD dump happen.
the PBOC has been inspecting Chinese bitcoin exchanges for a while and they never stopped or were planning on stopping it.
and this so called drop started from yesterday but it was silent and slow selling of whales (you can check the charts and the volume), now it is shakeout time for the whales to buy back in again at lower prices.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
It seems that a second round of Bitcoin price crash just started after PBOC said that they will continue inspection of Chinese Bitcoin exchanges.

https://www.cryptocoinsnews.com/breaking-pboc-says-site-inspections-bitcoin-exchanges-will-continue/ 

Im not seeing any crash since it's just came from a bounce back. Normal thing based on my own analysis. I will considered it as a price crash if it will passes the price rate back when the price decrease after those surprising $1,1000+ achievement.

But let' see if this is really the start of the second round crash. Right now playing along to a margin of $30-$50 since yesterday at the current forum time.
hero member
Activity: 994
Merit: 544
It seems that a second round of Bitcoin price crash just started after PBOC said that they will continue inspection of Chinese Bitcoin exchanges.

https://www.cryptocoinsnews.com/breaking-pboc-says-site-inspections-bitcoin-exchanges-will-continue/ 

It is discouraging to see the price of bitcoin fluctuating but if the inspection was to get rid of hoax volumes of bitcoin and can control and stop the market manipulation then its good for bitcoins and to the bitcoin users. Market manipulation and fake volumes was no longer a theory I guess but its more of a reality. The chinese government will not investigate these things if there are no problems on that area.
hero member
Activity: 1092
Merit: 504
★Bitvest.io★ Play Plinko or Invest!
It seems that a second round of Bitcoin price crash just started after PBOC said that they will continue inspection of Chinese Bitcoin exchanges.

https://www.cryptocoinsnews.com/breaking-pboc-says-site-inspections-bitcoin-exchanges-will-continue/ 
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