This is indeed a good news and this shows that bitcoin belongs to the masses, China and Jamie Dimon action thus created panic selling, which tends to crash the price of bitcoin, people are no longer selling again they prefer holding it now and the price has picked up.
Topic: Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter - page 2. (Read 1183 times)
October 07, 2017, 11:38:27 PM
October 07, 2017, 10:35:22 PM
But what I think is more than China or Jamie Dimon, the bulk holders are the one who took the advantage of these news and drove the price by crushing the panic sellers who usually are small investors. Now when they have successfully increased their holdings by buying at drop, the price is again in uptrend despite of South Korea ICO ban which brought little or no impact on price unlike China.
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.
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.
October 07, 2017, 10:24:09 PM
finally we can reach more than $44xx today and our hope to reach more than $45xx can be happen in next week. I think people become smart to analyze the news, they are know which is bad news that only makes people panic and which is good news that will lifted bitcoin to increase. we can hope that many people out there especially for new people don't gets panic when someone release the bad news to trying to chaos in the market.
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October 07, 2017, 10:06:56 PM
Bitcoin at this point is unstoppable (and actually has been so since 2013, over 4years ago). Consider anything you hear to be free advertising. Good or bad.
October 07, 2017, 01:06:19 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.
http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter
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.
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
This was obviously bound to happen. People aren’t dumb(well maybe some are but not everyone). I already knew this was gonna happen sooner or later. That is why I held on to my possesions and never considered selling them.
Reason is, first of all, dimon, doesn’t understand what he is talking about that much and is probably just basing his conclusions with hear says. Second, everyone with common sense would know that even if bitcoin and all other cryptos get banned on china, not everyone would sell their possessions. And i mean most of the chinese won’t. They just love money too much to sell their crypto possessions.
So..
October 07, 2017, 11:59:02 AM
I would think that Jamie or China "Dont Matter", more appropriately I would think they are less significant that the reaction the markets first reaction. Jamie controls a lot of money and China is a significant portion of not only the Bitcoin ecosystem but of the world economy, I think over time, China will find a better way through and Jamies comments will be seen as misguided.
October 07, 2017, 11:31:59 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
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
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.
October 07, 2017, 11:26:44 AM
Its true that bitcoin is recovering and its sure that recovery has been a sustaining one even though the all time high is yet to be reached, but while I will agree that we are doing well without Jamie Dimon, it would be wrong to say that without China.
Because the basis of bitcoin transactions which rest on the activities of the miners is still dependent on that part of the world and that means until there are other big mining farms spread across the world, China will and continue to matter on what happens to bitcoin even after we have confirmation that they are stopping exchange sites.
Because the basis of bitcoin transactions which rest on the activities of the miners is still dependent on that part of the world and that means until there are other big mining farms spread across the world, China will and continue to matter on what happens to bitcoin even after we have confirmation that they are stopping exchange sites.
October 07, 2017, 11:16:08 AM
I don't think Dimon actually ever mattered. At worst, he probably stopped some people who were on the fence about buying Bitcoins. The China news was quite significant, as there are a lot of Chinese Bitcoin holders, but we're currently finding out that people are more than willing to pick up Bitcoins China dumps.
A lot of people argue that china bad news is making bitcoin stronger. It shows that even if a big country like china goes against bitcoin it can still survive and not only survive but fully recover and that's how it should be, I mean that was the point of bitcoin in the first place, to not be controlled by anyone or anything.
October 07, 2017, 11:07:00 AM
i think we don't have to thinking about bad news that might be happen in out there. as long as we can hold our bitcoin for a long time, then i think its enough for us to see the high price. i am sure that this person is only taking advantages from the down of the bitcoin price so he can buy bitcoin at lower price. i think he have a tactic that could make people out there to be panic selling so will makes the price is down too deep. but i think people now become realize that this is only the bad news that want bitcoin price to down.
October 07, 2017, 11:01:41 AM
I don't think Dimon actually ever mattered. At worst, he probably stopped some people who were on the fence about buying Bitcoins. The China news was quite significant, as there are a lot of Chinese Bitcoin holders, but we're currently finding out that people are more than willing to pick up Bitcoins China dumps.
October 07, 2017, 09:42:23 AM
More and more people are aware of bitcoin. More and more people are studying bitcoin. More and more people don't believe in government. More and more people believe in freedom.
I think bitcoin is not freedom because freedom is anonymity and privacy, we know that crypto currency is very transparent. so where the freedom in btc?
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
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
October 07, 2017, 07:33:52 AM
Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges.
http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter
It became hard for Bitcoin to recover because of the massive downfall that happened. Fortunately, Bitcoin is slowly recovering and is now priced at 4200 from the price of 3300 when the value dropped. It is now expected that before this year end, it will be able to reach the 5000$ mark without China and if the Next hardfork will be successful reminding of the previous one that made the value of Bitcoin to go skyrocket. 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.
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
October 07, 2017, 07:33:43 AM
Among other bad news or fake news that is spreading is a lot of good news and positive speculation about this coin, people are now realizing that bitcoin is strong that can withstand any unfavorable circumstances that is happening technically or financially, we also realize that listening and reading to this so called news is not enough to be a good source of smart information. a lot of people now are researching and do not go to the conclusion of panic selling unless it is proven.
But you have to go back how the market works, its based on purely "speculation". Its a fraudulent act, and we don't like it. However, their are really people who are really affected by this bad or fakes news. Of course its not a good source of information but its very effected and it spread like wildfire.I really would like to believed that the investors are already matured, however its in the case. Their are still "weak hands" in the market. They are the first one to push the sell button whenever their is a panic around without even researching if the news is fake or not.
October 07, 2017, 06:56:08 AM
More and more people are aware of bitcoin. More and more people are studying bitcoin. More and more people don't believe in government. More and more people believe in freedom.
I think bitcoin is not freedom because freedom is anonymity and privacy, we know that crypto currency is very transparent. so where the freedom in btc? 
October 07, 2017, 06:48:30 AM
Yes,i think that most people have realized that bitcoin is unstoppable and Jamie Dimon and China does not matter at all.but still,the game is not over since another hard fork is expected in due to activation of segwit 2x.This time,more miners,exchanges and bitcoin related companies support it and hence another wave of FUD could be expected and it may result in one more panic selling and bitcoin price may face a fall.But it would be another chance to grab bitcoins at cheap price.
This would continue to happen since new people enter the bitcoin community daily and get the title newbie to get panic and sell bitcoins at cheap rate.
This would continue to happen since new people enter the bitcoin community daily and get the title newbie to get panic and sell bitcoins at cheap rate.
October 07, 2017, 06:32:40 AM
More and more people are aware of bitcoin. More and more people are studying bitcoin. More and more people don't believe in government. More and more people believe in freedom.
October 07, 2017, 05:37:54 AM
Among other bad news or fake news that is spreading is a lot of good news and positive speculation about this coin, people are now realizing that bitcoin is strong that can withstand any unfavorable circumstances that is happening technically or financially, we also realize that listening and reading to this so called news is not enough to be a good source of smart information. a lot of people now are researching and do not go to the conclusion of panic selling unless it is proven.
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