Topic: Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter (Read 1207 times)

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.

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.

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

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

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.

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.

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.

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.

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.

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/

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.

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.

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.

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.