I am not surprised we will start seeing positive news like this circulating the forum after some few weeks of shaking up the pants by some and raining curses and abuses after Jamie saw a chance to utilize their fears for his own gains.
It is good though that we are back, the most important thing now is for people to realize that Jamie and the likes of him, never had their interest at heart.
Topic: Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter - page 3. (Read 1207 times)
October 07, 2017, 03:58:41 AM
October 06, 2017, 08:19:49 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.
It only created panic among few investors who just got in most especially with the mindset that bitcoin is going to make them rich overnight only to start seeing the value dropping.Apparently, they must have learnt their lessons by now and eventually realize that there are some people who just want to take advantage of them, so rather than seeing bitcoin as the enemy, they should see those guys instead as their enemies.
October 05, 2017, 11:06:56 AM
One of the best feature/aspect of both bitcoin (and the crypto market in general) that anything could happen, the prices will always recover. Bitcoin and other cryptos are in an increasing demand (the cryptocurrency market's capitalization stood at $18 million at the start of 2017, now it is over $140 million). I think in the case of all Chinese exchanges would shut down, the people of the country would always find a way to invest in BTC.
October 05, 2017, 09:37:05 AM
The Catalonia Referendum: Catalonia's attempt at seceding from spain and pulling a brexit of their own, could have been largely responsible for bitcoin's price rise over $4400 btw.
Catalonia is 20% of spain's entire GDP. Catalonia pays more revenue into spain's central government, than they receive. Its a similar circumstance to the UK paying more revenue into the EU than whatever they receive in return.
A decent proportion of the EU's wealth is consumed supporting state's like greece which appear unable to address corruption or dysfunction at the leadership levels. Brexit could make sense as standard policy until corruption/dysfunction issues on the part of governments which consume wealth without producing much in the way of positive tangible returns can be addressed.
Quote
Catalonia Referendum Pushes Bitcoin Prices Above $4,400
October 2nd, 2017
News that Catalonia has won "right to statehood" sent the price of Bitcoin at $4,400 on Sunday evening, close to 45% above the recent low.
It’s now official, 90% of Catalans who participated in Sunday’s referendum voted for independence.
That sounds like a clear victory for Catalonia’s independence movement.
The trouble is that only 42.3% of Catalonia’s participated in the referendum, which Spain’s constitutional court has declared illegal. And scores of people were injured in clashes with police.
While it is still unclear which way things will go next, one thing is clear, uncertainty is to spread over Spain, EU and the global economy.
That’s music in the ears of Bitcoin traders who pushed the digital currency up close to $150 dollars on Sunday evening, as clashes between pro-independence demonstrators and Spanish police broke off.
Bitcoin prices have stayed firmly above $4ooo recently, as traders have realized that the digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.
Meanwhile, the digital currency has emerged as the new “gold,” a hedge against growing global uncertainty, as it was discussed in a previous piece here.
https://www.forbes.com/sites/panosmourdoukoutas/2017/10/01/catalonia-referendum-pushes-bitcoin-prices-above-4400/
October 2nd, 2017
News that Catalonia has won "right to statehood" sent the price of Bitcoin at $4,400 on Sunday evening, close to 45% above the recent low.
It’s now official, 90% of Catalans who participated in Sunday’s referendum voted for independence.
That sounds like a clear victory for Catalonia’s independence movement.
The trouble is that only 42.3% of Catalonia’s participated in the referendum, which Spain’s constitutional court has declared illegal. And scores of people were injured in clashes with police.
While it is still unclear which way things will go next, one thing is clear, uncertainty is to spread over Spain, EU and the global economy.
That’s music in the ears of Bitcoin traders who pushed the digital currency up close to $150 dollars on Sunday evening, as clashes between pro-independence demonstrators and Spanish police broke off.
Bitcoin prices have stayed firmly above $4ooo recently, as traders have realized that the digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.
Meanwhile, the digital currency has emerged as the new “gold,” a hedge against growing global uncertainty, as it was discussed in a previous piece here.
https://www.forbes.com/sites/panosmourdoukoutas/2017/10/01/catalonia-referendum-pushes-bitcoin-prices-above-4400/
Catalonia is 20% of spain's entire GDP. Catalonia pays more revenue into spain's central government, than they receive. Its a similar circumstance to the UK paying more revenue into the EU than whatever they receive in return.
A decent proportion of the EU's wealth is consumed supporting state's like greece which appear unable to address corruption or dysfunction at the leadership levels. Brexit could make sense as standard policy until corruption/dysfunction issues on the part of governments which consume wealth without producing much in the way of positive tangible returns can be addressed.
Big banks and business in Catalonia are already moving away from Catalonia into Spain, rates for tourism are already going down in Catalonia, this shows the mistake of an independent Catalonia. I expect this to get worse as long as they stay out of the legal constitution. I hope this is solved in a civilized manner but if independentists push it too far I wouldn't be surprised to see the army on Catalonia. What did they expect? unilateral independence is simply illegal, the entire country most vote in a referendum.
Let's see if at least Bitcoin performs great in times of uncertainty.
October 04, 2017, 01:40:29 PM
It was obvious going to happen. They faked the news about Bitcoin just to make the prices fall . Infact Jamie actually bought like millions of btc I guess . Even he knew that Bitcoin has a future and even later it was revealed that the news of china boycotting Bitcoin was fake . So definitely people will not focus on them now .
Now we are living in technology era and peoples have too many sources just because of this these fake news never creating any panic for any one China factor is also not working as most of peoples expecting because now many countries have soft policies for Bitcoin like Japan and Philippine which is increasing value peoples confidence about bitcoins October 04, 2017, 01:28:25 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
I am so confident back then when this issues happened last month that Bitcoin will surely bounce back as this Jamie Dimon guy has already have a record of bashing Bitcoin in year 2015 and after that the price of it still arises plus we all know that this guy is a banker and banks really hates cryptocurrencies as it will cause the fall down of banks in the future.
And with the issues with China it is quite alright also because they didn't even regulate mining where it is most needed, Chinese people is too smart to believe to the downfall of bitcoin, history repeat itself so sorry for those people that got scared about this FUD's.
October 04, 2017, 01:23:37 PM
The Catalonia Referendum: Catalonia's attempt at seceding from spain and pulling a brexit of their own, could have been largely responsible for bitcoin's price rise over $4400 btw.
Catalonia is 20% of spain's entire GDP. Catalonia pays more revenue into spain's central government, than they receive. Its a similar circumstance to the UK paying more revenue into the EU than whatever they receive in return.
A decent proportion of the EU's wealth is consumed supporting state's like greece which appear unable to address corruption or dysfunction at the leadership levels. Brexit could make sense as standard policy until corruption/dysfunction issues on the part of governments which consume wealth without producing much in the way of positive tangible returns can be addressed.
Quote
Catalonia Referendum Pushes Bitcoin Prices Above $4,400
October 2nd, 2017
News that Catalonia has won "right to statehood" sent the price of Bitcoin at $4,400 on Sunday evening, close to 45% above the recent low.
It’s now official, 90% of Catalans who participated in Sunday’s referendum voted for independence.
That sounds like a clear victory for Catalonia’s independence movement.
The trouble is that only 42.3% of Catalonia’s participated in the referendum, which Spain’s constitutional court has declared illegal. And scores of people were injured in clashes with police.
While it is still unclear which way things will go next, one thing is clear, uncertainty is to spread over Spain, EU and the global economy.
That’s music in the ears of Bitcoin traders who pushed the digital currency up close to $150 dollars on Sunday evening, as clashes between pro-independence demonstrators and Spanish police broke off.
Bitcoin prices have stayed firmly above $4ooo recently, as traders have realized that the digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.
Meanwhile, the digital currency has emerged as the new “gold,” a hedge against growing global uncertainty, as it was discussed in a previous piece here.
https://www.forbes.com/sites/panosmourdoukoutas/2017/10/01/catalonia-referendum-pushes-bitcoin-prices-above-4400/
October 2nd, 2017
News that Catalonia has won "right to statehood" sent the price of Bitcoin at $4,400 on Sunday evening, close to 45% above the recent low.
It’s now official, 90% of Catalans who participated in Sunday’s referendum voted for independence.
That sounds like a clear victory for Catalonia’s independence movement.
The trouble is that only 42.3% of Catalonia’s participated in the referendum, which Spain’s constitutional court has declared illegal. And scores of people were injured in clashes with police.
While it is still unclear which way things will go next, one thing is clear, uncertainty is to spread over Spain, EU and the global economy.
That’s music in the ears of Bitcoin traders who pushed the digital currency up close to $150 dollars on Sunday evening, as clashes between pro-independence demonstrators and Spanish police broke off.
Bitcoin prices have stayed firmly above $4ooo recently, as traders have realized that the digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.
Meanwhile, the digital currency has emerged as the new “gold,” a hedge against growing global uncertainty, as it was discussed in a previous piece here.
https://www.forbes.com/sites/panosmourdoukoutas/2017/10/01/catalonia-referendum-pushes-bitcoin-prices-above-4400/
Catalonia is 20% of spain's entire GDP. Catalonia pays more revenue into spain's central government, than they receive. Its a similar circumstance to the UK paying more revenue into the EU than whatever they receive in return.
A decent proportion of the EU's wealth is consumed supporting state's like greece which appear unable to address corruption or dysfunction at the leadership levels. Brexit could make sense as standard policy until corruption/dysfunction issues on the part of governments which consume wealth without producing much in the way of positive tangible returns can be addressed.
October 04, 2017, 11:56:21 AM
It was obvious going to happen. They faked the news about Bitcoin just to make the prices fall . Infact Jamie actually bought like millions of btc I guess . Even he knew that Bitcoin has a future and even later it was revealed that the news of china boycotting Bitcoin was fake . So definitely people will not focus on them now .
October 04, 2017, 11:42:52 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.
The Steep drop was just caused because of the panic selling of the newbie traders and people who believed Jaime Dimon. Obviously the long time holders didn't care about it and were one of the reasons why the price stayed above $3k and eventually come back up. October 04, 2017, 11:38:22 AM
Bad move for the China, we are correct that bitcoin survived without them in spite of its bad and wicked criticism that attacks the bitcoin and spread fear to its loving investors and supporters but here we are, to its skyrocket price value in the market and it has the potential to go even higher.
How could you say it was bad move for China? It wasn't like Chinese government invested billions in Bitcoin before and now sold off!
It is just a precautionary step by Chinese government to avoid laundering loopholes in economy. Don't think it would stop here.
The future of Bitcoin is simple. "Either Ban or Regulation".
October 04, 2017, 11:27:51 AM
Bad move for the China, we are correct that bitcoin survived without them in spite of its bad and wicked criticism that attacks the bitcoin and spread fear to its loving investors and supporters but here we are, to its skyrocket price value in the market and it has the potential to go even higher.
October 04, 2017, 10:43:09 AM
There are still a lot of people lacking consensus on bitcoin currency but people are voting bitcoin more than before by investing magnanimously into this market.
After weeks of volatility,the forecast confides us about price to be trend up continuously leaving behind china regulators speculation.
For me, it is an indeed surprising moment that bitcoin again crossed $4000 without china's support.
People including me are surpassingly expecting $5000 soon.
After weeks of volatility,the forecast confides us about price to be trend up continuously leaving behind china regulators speculation.
For me, it is an indeed surprising moment that bitcoin again crossed $4000 without china's support.
People including me are surpassingly expecting $5000 soon.
I think the quick recovery after an insane attack of bitcoin coming from China and JP Morgan is a very bullish sign and brings peace of mind on investors that were worried about what could happen in an hypothetical ban by a big country. Well it happened, now we need to hit an all time high in order to clear any doubts that this is a clear recovery and not a dead cat bounce.
Im not worried about the current pullback, seems like regular market action after the rise. Start worrying if we approach $3400 again.
October 04, 2017, 10:32:03 AM
Bitcoin has always had a very good support and the support is growing daily. Some of those who are part of this trend today and have realized what the whole FUD was all about will be looking for chances like this to buy more tomorrow when the price dips a little, knowing how good it is for them than panicking. Like you said, the recovery so far has been stunning and I am sure things will get better with time.
October 02, 2017, 06:25:29 AM
The price of bitcoin is keep on going up and i think that there is no dump in the market as of now because the people already realize that they don't need to listen to the bad news like FUD because it doesn't help them to earn money but to just panic. Majority of the people in bitcoin knows the best thing to right now and that is to keep holding for long term and don't entertain any FUDs.
October 02, 2017, 05:20:46 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.
It made me happy to see that bitcoin have rised despite Jamie Dimon saying it is a fraud and China's local exchange ban. Sooner or later if China really doesn't affect btc price in the next few movements in the next coming weeks or year, then for sure it would be made clear to the world that market is healthier and is not the same crypto market which is commonly manipulated by Chinese and by some other entity. October 02, 2017, 05:04:55 AM
There are still a lot of people lacking consensus on bitcoin currency but people are voting bitcoin more than before by investing magnanimously into this market.
After weeks of volatility,the forecast confides us about price to be trend up continuously leaving behind china regulators speculation.
For me, it is an indeed surprising moment that bitcoin again crossed $4000 without china's support.
People including me are surpassingly expecting $5000 soon.
Why are you so sure that without the support of China? We've all heard whispers of. Who saw action? I would not be surprised if it turns out that after such an information attack China will become a large shareholder of bitcoin. After weeks of volatility,the forecast confides us about price to be trend up continuously leaving behind china regulators speculation.
For me, it is an indeed surprising moment that bitcoin again crossed $4000 without china's support.
People including me are surpassingly expecting $5000 soon.
October 02, 2017, 04:52:18 AM
Bitcoin cannot be stopped no matter what China or Jamie Dimon makes. If more and more people start to you use bitcoin the price of bitcoin should only see uptrends although in long term periods. Do not expect that the price of Bitcoin to skyrocket in a short amount of time. Steadily with the passing of time bitcoin price should only go up. It is not that important what China does.
October 02, 2017, 04:33:26 AM
There are still a lot of people lacking consensus on bitcoin currency but people are voting bitcoin more than before by investing magnanimously into this market.
After weeks of volatility,the forecast confides us about price to be trend up continuously leaving behind china regulators speculation.
For me, it is an indeed surprising moment that bitcoin again crossed $4000 without china's support.
People including me are surpassingly expecting $5000 soon.
After weeks of volatility,the forecast confides us about price to be trend up continuously leaving behind china regulators speculation.
For me, it is an indeed surprising moment that bitcoin again crossed $4000 without china's support.
People including me are surpassingly expecting $5000 soon.
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October 02, 2017, 03:47:01 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
I love this kind of news and i just hope the World learned their lessons with this event and hopefully The World will now be smart enough to take time to read and check every sources and learn how to research, this scheme of big companies will now be dead and thanks to China x Morgan event, the world is now awakened. 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 02, 2017, 03:45:47 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
Wow! This is very great news! As what I have expected and believed, bitoin will definitely soar again. Despite all the banning and negative issues about bitcoin, bitcoin still is alive and kicking! Now, $5000 to hit this year is not impossible. I think it will goes up to $7000 this Novber or December. Now, who says bitcoins is failure? Nehhh..they are just big losers... ;p 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
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