Topic: Bitcoin starts to rise - page 12. (Read 6787 times)

I think the price can still go down anytime, but for now I prefer to keep waiting until the bitcoin price really recovered. I do not know what happens to the bitcoin price reduction right now, whether this is just plain fluctuations or something is a problem like bad news yesterday.

You're right, in another case I've been reading a news that the BTCC and OKCoin exchange will stop trading on october. this two are big exchange on china. But I have no Idea why it is can be influence a bitcoin to rise again after dumping so deep after a china regulation. It's not that should be the price become more dump? Can someone explain.

People are speculating that the current fluctuations in Bitcoin are due to JP Morgan. They created FUD and then bought when the price dipped very low.

I think they solve the problem and bitcoin trying to comeback again.  I doesn't read any news but it is okay that bitcoin rise again but i think that it can recover and rise again than its last high price.

as you can see bitcoin prices change briefly. no one can predict the price of bitcoin in the future. bitcoin prices are affected by both supply and demand .. if demand for bitcoin increases this will result in bitcoin prices rising significantly. maybe today's incident is a common occurrence of bitcoin. rising or falling bitcoin prices will return to the original place. I am sure bitcoin prices will continue to rise.

bitcoin prices always fluctuate, if it has now reached $ 3409.97, I think it will be an early rise this weekend but my prediction, bitcoin prices will be $ 4000 more precisely this month end.

This difference of price in Chinese exchange is due to their regulation and restriction and the uses are selling on every price.

Thanks for the details about the predictor who is from starting

This is a good new to us, if you check the graph of the increase of bitcoin over the years or just months you can really see a great improvement and even the slight increase of bitcoin will do a chain reactions. Even though if it decreases, its not to the point that it decreases a lot but it  bounce back to even or higher price. Now its up to use how we take advantage of that, if you know how to invest then that's a good thing. We are very luck that we are in a generation that we can learn through and use our knowledge in the web

The price fall just cleaned up the investors of bitcoin, those who really know nothing about investment, easily sodl, while those who know the flow of economics and law of supply and demand, finally got a break, they got an opportunity to buy low, at this time it is considered as a bargain, since the value already reached to 5k usd. I still urge everyone to buy bitcoin as of now, since it still haven't reached 4k usd, and again once it does reached 4k usd, we may have some trouble buying bitcoins again, since most of us will already consider it expensive. I hope that thise with weak hands, already learned their lessons, to not sell out when you just hear something negative in the news, rather educate more yourself on what had really happened and read investments books as well. We all now again see the value of bitcoin on the rise, this just only means that bitcoin can recover from all of the negativity, that even jpmorgan executives are saying, i think even they, themselves have bought bitcoins, while it was low, and had also contributed to its gain, as of now, since they are bankers, it is their job to protrct their work,but as private individuals, they are free to do what they want, like investi g on bitcoin, and seeing the fact that their fiat will loose its value, when time comes, that everyone is into crpytocurrency. Let's all hope that thus rally continues and break another record, probably within this month, if not, this year, again, right after the fork, hopefully, there are no more weak hands by that time, since it is already obvious that the fall of bitcoin this period of time, had separate the real investors, to those who just have money to spend, and don't even know what they are doing.

The technical low bottom of $3k was hit and now it is on the rise again.
It is very interesting, that there seems to be huge gap between the "normal" BTC market and the chinese market.

For example:
$3803.70 at Bitfinex   BTC/USD    
but
$3042.93 at OKCoin.cn BTC/CNY

After the announcement of future closure of China's exchanges this makes sense. However, it looks like that the rest of the bitcoin world doesn't care.

Let's see, if masterluc's prediction comes true.

Kind regards,
Halcyon D. 

It is still moving up fast. It is now $3,800+. It is absolutely normal from what has always happened before, support is stepping in and I hope this keeps on like this for now.

Bitcoin price had a free fall after Chinese government decided to ban ICOs and exchanges. The fall in prices attracted new investors to invest on bitcoins, thus increasing demand which resulted in increase of price.
Lets see what happens soon.

Well,I think bitcoin si rising because bitcoin is unpredictable meaning in a small amount of time there are many things could might happen. Furthermore, because of price fall of bitcoin I'm sure that there are few people who panic selling and now there are some people are taking the advantages. Besides, it will depend in china if it will continue to rise again.

It may yet come back to retest those levels. It will all depend on the news from China, or rather FUD from China Whatever happens it will recover, like it always does.
I bought some LTC on the way down, it dived like crazy compared to BTC , thus the opportunity was even greater.

I think another name of the game is trickery.  Aside from speculative market Bitcoin market  is also  govern by psy war.  Weaker  minds tends to fold and submit to the will of the stronger one, thus  we see how bitcoin price plummet when a coordinated FUD happen.  Weak hands sells while strong hands accumulate and hold.  Same goes on hype and pumps.  We can do nothing about this kind of game but to keep in watch in order to react on the right time.  

Though I do not think Chinese government cares about bitcoin dominance, I believe all it wants is to have a regulated exchanges of Bitcoin in its country.  

Actually, its not good to sell during the panic but rather one would consider it as a good buying point. And when the price goes below $3000 after more than a month. People see this as a perfect opportunity go get bitcoin as its lowest point. So investors, casual or big entities jump on the frenzy and seize this opportunity. Its almost $3700 now. Glad I hodl my bitcoin and didn't panic.


My speculation is that the Chinese government or their Yuan is threatened by bitcoin. So they think once move is totally close local exchanges. So its more on the financial implications of the country. But I might be wrong. Let's say that we have somewhat overcome the negativity coming from China as shown by the price today.

It's still not over yet, I don't want to sound pessimistic but Bitcoin could go down again because Chins still has the decision to close some exchange in their territory, they just delayed it, let's hope a run of good news will pop up next week so the bull run will continue.

Bitcoin gonna go up again the people who buy at its lowest price earn now a good profit but the people who sell their holdings they are now realize their mistakes. It is good to hold bitcoin now but if you are a trader and also a risktaker you can join the flow of the market we're you can earn more income.

The name of the game is "speculation". Bitcoin starts to rise because speculators bought enough cheap bitcoin at the price of $3000. All the FUD was for the cheap coin. I don't think exchanges in Chiana will be blocked or BAN or whatever else. Maybe some regulations against fake volume, money laundering for some exchanges.

Why does Chinese government want to give the dominance of China on bitcoin to another country?

HODL on tight folks this could be a small launch!