Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter

LuanX3

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Quote from: centralbanksequalsbombs on October 22, 2017, 09:33:22 PM

Quote from: South Park on October 09, 2017, 06:40:02 PM

Quote from: Kemarit on October 07, 2017, 11:31:59 AM

Quote from: talkbitcoin on October 07, 2017, 09:14:18 AM

i honestly didn't expect such a strong buy support behind bitcoin to keep the price high at this level.
obviously a recovery was expected even back when price reached the bottom at $3000 it was calling the $4000 come back soon. but i didn't expect the $4300-$4400 range to be sustained this strongly.

all the Dimon and China drama has always been a temporary thing. this is the story of bitcoin as far as i can remember. same FUD, same people taking advantage and becoming bigger whales and price rising in long term without paying any attention to any of them Wink

It only means that we have still a market even without China. I assumed that the buy support came mostly from Japan and South Korea. And even in India bitcoin price is up with a premium of $100 difference from other exchanges. We have all moved from the Dimon and China drama. It really proves that bitcoin is cannot be conquered by any one, not by country and definitely not by a person who is just spreading FUD to manipulate the price. They can only affect the price temporary and after that bitcoin continues as if nothing happens.

The problem is that even if they do not affect the price long term they still benefit from this, they probably sold their coins before the FUD and were able to by them back at a discount and made a lot of profits that way, it is unfair but people need to understand that those are not news but FUD designed to scare them.

Well....market manipulation has been a staple of big bankers and central banks. Watch this documentary:
history of money/centralbanks: https://vimeo.com/8757743 or link2 https://youtu.be/UrJGlXEs8nI

Not only that, remember the events of the world financial crisis a few decades back? It was caused by a lot of banks that were all cheating. That incident did not even get one banker to go to jail. The governments, especially the US, did not do anything any more about the bankers. They just let it go and created policies to rehabilitate the financial industry and make new regulations to prevent it. Unlike in bitcoins, the government has already placed in jail a lot of bitcoin users.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: South Park on October 09, 2017, 06:40:02 PM

Quote from: Kemarit on October 07, 2017, 11:31:59 AM

Quote from: talkbitcoin on October 07, 2017, 09:14:18 AM

i honestly didn't expect such a strong buy support behind bitcoin to keep the price high at this level.
obviously a recovery was expected even back when price reached the bottom at $3000 it was calling the $4000 come back soon. but i didn't expect the $4300-$4400 range to be sustained this strongly.

all the Dimon and China drama has always been a temporary thing. this is the story of bitcoin as far as i can remember. same FUD, same people taking advantage and becoming bigger whales and price rising in long term without paying any attention to any of them Wink

It only means that we have still a market even without China. I assumed that the buy support came mostly from Japan and South Korea. And even in India bitcoin price is up with a premium of $100 difference from other exchanges. We have all moved from the Dimon and China drama. It really proves that bitcoin is cannot be conquered by any one, not by country and definitely not by a person who is just spreading FUD to manipulate the price. They can only affect the price temporary and after that bitcoin continues as if nothing happens.

The problem is that even if they do not affect the price long term they still benefit from this, they probably sold their coins before the FUD and were able to by them back at a discount and made a lot of profits that way, it is unfair but people need to understand that those are not news but FUD designed to scare them.

Well....market manipulation has been a staple of big bankers and central banks. Watch this documentary:
history of money/centralbanks: https://vimeo.com/8757743 or link2 https://youtu.be/UrJGlXEs8nI

South Park

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Quote from: Kemarit on October 07, 2017, 11:31:59 AM

Quote from: talkbitcoin on October 07, 2017, 09:14:18 AM

i honestly didn't expect such a strong buy support behind bitcoin to keep the price high at this level.
obviously a recovery was expected even back when price reached the bottom at $3000 it was calling the $4000 come back soon. but i didn't expect the $4300-$4400 range to be sustained this strongly.

all the Dimon and China drama has always been a temporary thing. this is the story of bitcoin as far as i can remember. same FUD, same people taking advantage and becoming bigger whales and price rising in long term without paying any attention to any of them Wink

It only means that we have still a market even without China. I assumed that the buy support came mostly from Japan and South Korea. And even in India bitcoin price is up with a premium of $100 difference from other exchanges. We have all moved from the Dimon and China drama. It really proves that bitcoin is cannot be conquered by any one, not by country and definitely not by a person who is just spreading FUD to manipulate the price. They can only affect the price temporary and after that bitcoin continues as if nothing happens.

The problem is that even if they do not affect the price long term they still benefit from this, they probably sold their coins before the FUD and were able to by them back at a discount and made a lot of profits that way, it is unfair but people need to understand that those are not news but FUD designed to scare them.

Sithara007

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It has crossed the $4,600 mark and the rates are still going up. The trend is overall a positive one. Seems like the previous peak ($4,980 per coin) will be broken within the next few days (or hours). If everything goes according to our plan, then we can expect the prices to reach new heights in November, when the 2 MB block size will be implemented.

Razick

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Make that $4,600. I predicted this to happen even after it crashed to the low $3,000's recently. I believe it will rise up once more before crashing hard back to under $2,000. Everyone HODL your BTC right now and we will crack $5,000 soon. It is only a matter of time. I give it a month though. Won't happen overnight. But rest assured, it WILL happen. That is all you need to know.

XinXan

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aaaand 4600$ It really shows that bitcoin does not care about anything, a possible fork approaching, china bad news, a lot of fud and yet it's still rising. I can't imagine what will happen if we receive big good news, will it explode to like 10k? Honestly seems like a realistic possibility now.

YTBitcoin

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Quote from: Sadlife on October 08, 2017, 02:19:37 AM

The only reason why bitcoin price drop so hard is because when people heard that china is banning ICO's and caused panic so a large group of traders immediately sell their bitcoins without thinking that this might be a good chance to buy more cause this is completely normal cause even other resources doens't always rise high but sometimes takes a dip. The funny part is most of these people are new investors, this jamie whoever he is nothing but a con artist telling people that its a fraud everyday while he tried bitcoin when its in a dip.

All the dump that occurred recently is just because of panic selling of investor if they didn’t did that the situation may be opposite prices must be at 7000 USD and what china and Jamie did doesn’t matters now because a new era is starting now bitcoin proved itself that it is not depending on the world largest country it ca survive without china and this is good omen now prices are going up again.

palle11

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Quote from: kimochidesh on October 02, 2017, 04:06:42 AM

These negative news created a panic among the investors in the crypto-market for some time, but people realize that this is just a propaganda to control the bitcoin price. Big names like Jamie Dimon take the advantage of this opportunity to double their wealth. Expected to see bitcoin price up to $5000 by the end of oct.

Yeah, it could get to 5000 before retracing for a moment. The negative news only stalled the bullish movement then ,bringging it to 3300(thereabout) and it has been corrected. I guess all is heading bullish now.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Batmain on October 01, 2017, 11:22:12 PM

Quote from: krishnapramod on October 01, 2017, 10:56:11 PM

Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges.

Quote

It didn't take long for the world of crypto-currencies to shrug off Jamie Dimon's self-tighteous denigration of the decentralized currency that could directly 'disrupt' his cash cow businesses; and furthermore, as The South China Morning Post reports, China's bitcoin market alive and well as traders defy crackdown.

Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators ultimately face in controlling the industry, where many users are anonymous and difficult to track.

In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges.

http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter

It is expected that we will have this kind of issues and news and critisism about BTC. Some says that this is only a technique to stop BTC price from surging and some says that someone is being hurt because its a potential threat to them. Despite all of this, the price is still hangging on and the unwavering adopstion of the blockchain all over the world cant be stop by a mere people and by a large government. Snowden, elon and even some celebrities are aware of it and they have participated and invested in some coins.
Me as an audience and as an investor will watched as the price go up to the moon.

Bitcoin cannot be stopped, I think they need to understand that, at worst bitcoin can be slowed down, and I think they are trying their best to slow down adoption until they can figure out a way to destroy bitcoin, but it does not matter, they could slow down bitcoin for decades and they are not going to find a way to destroy bitcoin.

Qartersa

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Quote from: GreatOrchid on October 08, 2017, 04:31:07 PM

I am so happy today! I just woke up and i saw that the price was over $4630 a few minutes ago, so i can say that all those professionals from wall street and those governments from China and Asia didn't matter for the price of bitcoin, because we are going through it and the price is going toward $5k again.. Those are very good news for all of us, i was thinking bout withdrawing some of my bitcoins tomorrow, so i will have more than 7% because of this recently pump.

Me too, I never believed that china would really be the one calling the shots over bitcoins and cryptocurrencies. The only fear I had was that since a country started doing a negative impact on bitcoins and other cryptocurrencies, this could lead to a wave of countries trying to follow what China has did. If so then that is when we would have a real problem, since if there would be a lot more countries doing the same as what China did, then possibly it would be a really tight spot for us to be in and we'll all be restricted to the use of bitcoins and altcoins.

GreatOrchid

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I am so happy today! I just woke up and i saw that the price was over $4630 a few minutes ago, so i can say that all those professionals from wall street and those governments from China and Asia didn't matter for the price of bitcoin, because we are going through it and the price is going toward $5k again.. Those are very good news for all of us, i was thinking bout withdrawing some of my bitcoins tomorrow, so i will have more than 7% because of this recently pump.

olubams

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As at the last time I checked, price have surged above $4600 which clearly shows its going that trend without Jamie as Jamie never mattered in the crypto world but the timing his comment was made further worsen the already bad situation which I would conveniently liken to a mere coincidence. In the case of China, I don't think we can still do without them as they are still very much relevant on what happen afterwards.

50ouncebrew

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Hell ya Bitcoin surges above $4400 because the world realizes politicians and governments don't matter! This is because it can't be changed, so you should buy them while you can.

Zicadis

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Dump it!!!

It's really a great time to invest in btc as I see bitcoin is recovering well after China's exchange regulations and ico bans affected our markets negatively but with new players like Japan showing continuous support and availability of discounted bitcoins in China we should expect the markets to remain strong and alive

jc89

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Quote from: centralbanksequalsbombs on October 08, 2017, 01:06:55 PM

Quote from: Sadlife on October 08, 2017, 02:19:37 AM

The only reason why bitcoin price drop so hard is because when people heard that china is banning ICO's and caused panic so a large group of traders immediately sell their bitcoins without thinking that this might be a good chance to buy more cause this is completely normal cause even other resources doens't always rise high but sometimes takes a dip. The funny part is most of these people are new investors, this jamie whoever he is nothing but a con artist telling people that its a fraud everyday while he tried bitcoin when its in a dip.

And remember, Jamie stated that his daughter has bitcoin. LOL.

Then maybe Jamie just wants to be the greatest dad ever. Never minding what people will say about him as long as he can contribute to the dip so that his daughter can purchase at a lowest price possibe. And so we shouldn't be so hard on him afterall. Lol! But seriously, we should still be thankful to him we had the opportunity to invest more during the dip just like his daughter. Grin

arpon11

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I expect this time around for bitcoin price to get to $5000 before end of this week as there is a strong momentum and to those that buy during Jamie Dimon and Chinese government's FUD now is another opportunity to sell high and take profits. Some people on this forum predict death to cryptocoin during those period but we are happy now that the market has proved them wrong.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: Sadlife on October 08, 2017, 02:19:37 AM

The only reason why bitcoin price drop so hard is because when people heard that china is banning ICO's and caused panic so a large group of traders immediately sell their bitcoins without thinking that this might be a good chance to buy more cause this is completely normal cause even other resources doens't always rise high but sometimes takes a dip. The funny part is most of these people are new investors, this jamie whoever he is nothing but a con artist telling people that its a fraud everyday while he tried bitcoin when its in a dip.

And remember, Jamie stated that his daughter has bitcoin. LOL.

Sadlife

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The only reason why bitcoin price drop so hard is because when people heard that china is banning ICO's and caused panic so a large group of traders immediately sell their bitcoins without thinking that this might be a good chance to buy more cause this is completely normal cause even other resources doens't always rise high but sometimes takes a dip. The funny part is most of these people are new investors, this jamie whoever he is nothing but a con artist telling people that its a fraud everyday while he tried bitcoin when its in a dip.

Eugenar

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Quote from: krishnapramod on October 01, 2017, 10:56:11 PM

Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges.

Quote

It didn't take long for the world of crypto-currencies to shrug off Jamie Dimon's self-tighteous denigration of the decentralized currency that could directly 'disrupt' his cash cow businesses; and furthermore, as The South China Morning Post reports, China's bitcoin market alive and well as traders defy crackdown.

Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators ultimately face in controlling the industry, where many users are anonymous and difficult to track.

In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges.

http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter

That's great news. It simply proves that Bitcoin can still succeed even if it lose one of the major investors of cryptocurrency and desoite of the false and negative claims of people towards it. It is something to look forward with. If the increase on its value will be continuous and will continue upto the next years to come, it will be more expensive. Bitcoin gone through lots of issues and it is able to recover on each of those, so this one is nothing.

btc_angela

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Quote from: Pearls Before Swine on October 07, 2017, 10:30:01 PM

Bitcoin has survived much worse news than either China or JD. It survived the Mt. Gox disaster,
Cryptsy, Trendon Shavers scamming his depositors, and everything else. China is huge in the
world of bitcoin, but it's only one country among many. It's not that those things don't matter,
but neither one dictates what crypto does entirely.

Nice to see BTC rebounding above $4400. Hopefully we'll get back to $5000 by the end of the
year or thereabouts. Too bad I don't have enough cash to buy in. Maybe next week. Wink

We are in the same position. Hahaha. Not enough cash this week. Yeah, I have to agree, there are a lot of worse case that bitcoin confronted in the past but yet it is still standing. I looking at the price at its always $4500 and expect the price to push to $5000. Jamie Dimon and China really don't matter and irrelevant, obsolete. Let that be a lessons as well for those who have intentions to break bitcoin again. Bitcoin is uncontrollable, they can try but its gonna be futile.

Topic: Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter (Read 1183 times)