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Granxis

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Quote from: naira on September 16, 2017, 11:54:33 PM

Quote from: BitProNews on September 16, 2017, 10:49:46 AM

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

I think many people are afraid of losing if bitcoin prices go down, so they panic and hastily sell everything they have
Because their fears don't use analysis and evaluation, they sell without any consideration

Bitcoin owners have made more purchases, because Bitcoin in their hand has lost value and has been able to buy it again at a cheaper price and be in balance.

lenovo16

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Quote from: CrownPolly on September 17, 2017, 10:41:05 AM

Quote from: ?? on ??

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

really bitcoin price was huge down within some day maybe it is happened due to china banned bitcoin for successful their business plan as buy low, sell high. but now bitcoin is increasing and as far i know, i think bitcoin will never go down below 2400$...

If large whales decide to transfer their assets to bitcoin, they will be able to manipulate the market so that we see the price of 2400, or maybe lower.
Now the price is recovering, but the recovery is gradual

Bitcoin value now is totally down that's why I sell half of my coins to ensure that I wasn't earn losses on my part. However the half of my bitcoin will remain into my wallet if in case to increase again the price of bitcoin in the market.

ToTheMoon$

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Investor on the move ~ Where's the profits???

Exchanges in China wont be operating anymore. Last day is Sept 30 and customers shuld be removing their bitcoins from exchangers and probably there will be a panic selling.

CrownPolly

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Quote from: ?? on ??

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

really bitcoin price was huge down within some day maybe it is happened due to china banned bitcoin for successful their business plan as buy low, sell high. but now bitcoin is increasing and as far i know, i think bitcoin will never go down below 2400$...

If large whales decide to transfer their assets to bitcoin, they will be able to manipulate the market so that we see the price of 2400, or maybe lower.
Now the price is recovering, but the recovery is gradual

Samarkand

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Quote from: cafucafucafu on September 17, 2017, 05:11:15 AM

...I'm really not sure why people think that centralized exchanges are vital to the bitcoin economy. Trading p2p is much more efficient and people in china are already starting to do it.

...

Because a big part of the current user base of Bitcoin consists of traders. They need exchanges with an orderbook and preferably also
features like margin trading. OTC or P2P trading may be fine for the casual user, who needs to buy or sell BTC once in a while.
However, it is absolutely impractical for traders, who do multiple trades a day. Especially the guys, who are doing arbitrage or
use scalping-based trading strategies.

cafucafucafu

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I think that there will be more corrections to follow but not all at th same time. It's not going to be a flash crash because there is going to be lots of support to go through. I believe we are still in a bubble right now, though definitely not as big a bubble as when the price was at $5k(since price has decreased close to 33% compared to now).

This dump is definitely generated from China + Jamie Dimon. Both of which have no real affect on the actual workings of bitcoin, but still causes a lot of panic so it seems. I'm really not sure why people think that centralized exchanges are vital to the bitcoin economy. Trading p2p is much more efficient and people in china are already starting to do it.

But anyways, i think we'll bottom out at around $2k this year before bouncing back up to around $2.5k next year and hopefully stabilizing there.

denny27

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This is gonna be ok, bitcoin prices of course often rise and decrease basically that fluctuates from time to time, i'm sure after this down there will certainly be an increasing back. Don't let this decline be made a panic to selling or hastily take decisions, many said that bitcoin prices will definitely rising in the next month and i believe this.

eann014

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Bitcoin is still recovering its price so maybe don't expect too much this week or this Month but I am hoping that maybe Next Month would be a better Month for a bitcoin price, I am hoping that bitcoin will increase next Month and still recovering from what it used to.

endlasuresh

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Quote from: naira on September 16, 2017, 11:54:33 PM

Quote from: BitProNews on September 16, 2017, 10:49:46 AM

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

I think many people are afraid of losing if bitcoin prices go down, so they panic and hastily sell everything they have
Because their fears don't use analysis and evaluation, they sell without any consideration

Yep, these people want to make money fast, but one need to patience and in no time it will tell right answers. Now see today the Bitcoin price as it is moving up.
Only newbies do what they wishes and even they panic to others by posting in forums or on internet news sites.

jellyhashman

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Quote from: BitProNews on September 16, 2017, 10:49:46 AM

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

Bitcoin is stil in use as a speculation tool. But it must be used as currency. And without that it will never be strong enought

naira

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Quote from: BitProNews on September 16, 2017, 10:49:46 AM

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

I think many people are afraid of losing if bitcoin prices go down, so they panic and hastily sell everything they have
Because their fears don't use analysis and evaluation, they sell without any consideration

BitProNews

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This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

Lazada

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Quote from: jatin729 on September 16, 2017, 10:24:11 AM

Yes there is not a point to worried about bitcoin price,
bitcoin will rise again in a few days,
And bro china not ban bitcoin.they banned bitcoin Exchanges.

bitcoin prices continue to show a positive rise after a few days ago experienced a very drastic decline. Chinese society has begun to calm down and can already accept the attitude given by the Chinese government. now we have to think positively that what happened a few days ago is a very valuable learning.

Kanapka

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China market volume was around 10% before the appearance of a wild PBOC

Why isn't the fall proportional to their market share?

jatin729

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Yes there is not a point to worried about bitcoin price,
bitcoin will rise again in a few days,
And bro china not ban bitcoin.they banned bitcoin Exchanges.

jvdp

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Quote from: Oceat on September 16, 2017, 09:20:06 AM

Quote from: sasaku bitbit on September 16, 2017, 08:05:21 AM

I am sure the BTC is not going down again as few days ago until it reaches the $3300 to make the users of bitcoin become weakened and fear of losing all. but it turns out I see again the graphic development of bitcoin growing up again which has now reached the number $3500, I am very sure bitcoin will progressively recover again at a price higher than now.

Yeah it will not gonna go down before October month hit and i'm sure there's a huge dip will be going to happen. I hope i am right with my instinct that bitcoin will not gonna go down below $3000 when there's a dip. Besides it is also a good opportunity to buy some bitcoin and do a short term trade.

Ya soon the price of bitcoin reaches the value of 4000$.If it reaches so,many holders will get very huge profit.This the time to inverse in bitcoin or time to brought lot of bitcoin. Soon if the price of bitcoin will reach the old value of 4600$+.Just think how much profit you will have.

Oceat

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Quote from: sasaku bitbit on September 16, 2017, 08:05:21 AM

I am sure the BTC is not going down again as few days ago until it reaches the $3300 to make the users of bitcoin become weakened and fear of losing all. but it turns out I see again the graphic development of bitcoin growing up again which has now reached the number $3500, I am very sure bitcoin will progressively recover again at a price higher than now.

Yeah it will not gonna go down before October month hit and i'm sure there's a huge dip will be going to happen. I hope i am right with my instinct that bitcoin will not gonna go down below $3000 when there's a dip. Besides it is also a good opportunity to buy some bitcoin and do a short term trade.

sasaku bitbit

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I am sure the BTC is not going down again as few days ago until it reaches the $3300 to make the users of bitcoin become weakened and fear of losing all. but it turns out I see again the graphic development of bitcoin growing up again which has now reached the number $3500, I am very sure bitcoin will progressively recover again at a price higher than now.

bucksman5233

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Quote from: suvo05 on September 14, 2017, 01:32:54 PM

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

>

Yes it downs to hell. Near 3000$ .Don't know what is going to happen next. And looks like it will down more.I am too angry with china they blow up all.

The market is very volatile because of these Chinese FUDsters and panic sellers. I wish the Chinese government just ban exchanges by releasing a statement atleast so that we may know when would all these panic ends. These fake hypes are very speculative.
Anyway the price just went above $3500 now but who knows there may be another drop coming soon.

Jovovich

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Quote from: jerowacik on September 16, 2017, 07:27:43 AM

Quote from: vickycoin05 on September 15, 2017, 07:50:54 PM

Quote from: JL421 on September 15, 2017, 07:05:57 PM

ya i saw the price chart the price had fallen by really high numbers firstly i couldn't figure what happened but my felow members informed me that it was because china was banning all the exchanges in their country. I do see the price is rising back now i hope this continues for long

I am very confident that we are going to survive the challenges that we're having right and bitcoin will eventually gain it's higher value again. Currently the price is recovering if you will have to check the latest price updates.

there is already a nice thing when looking at bitcoin prices in various exchanges. it seems like bitcoin has begun to forget the impact of the decision in china. other than that the market also responds quite well so now the price of bitcoin slowly began to increase. the volume is increasing and we have to wait until the bitcoin price is back at 5000 $. hopefully .

How amazing that i noticed that in just 2 days the price played around 2000$ increase went back up to 800$. Damn it china really did made an impact on the price but slowly it has increased again.

jerowacik

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Quote from: vickycoin05 on September 15, 2017, 07:50:54 PM

Quote from: JL421 on September 15, 2017, 07:05:57 PM

ya i saw the price chart the price had fallen by really high numbers firstly i couldn't figure what happened but my felow members informed me that it was because china was banning all the exchanges in their country. I do see the price is rising back now i hope this continues for long

I am very confident that we are going to survive the challenges that we're having right and bitcoin will eventually gain it's higher value again. Currently the price is recovering if you will have to check the latest price updates.

there is already a nice thing when looking at bitcoin prices in various exchanges. it seems like bitcoin has begun to forget the impact of the decision in china. other than that the market also responds quite well so now the price of bitcoin slowly began to increase. the volume is increasing and we have to wait until the bitcoin price is back at 5000 $. hopefully .

Baser

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Quote from: Cranidos on September 14, 2017, 10:26:57 AM

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

There would be a high possibility that the issue on China was the reason for this downtrend on Bitcoin. We may include some whales that might have triggered a possible crash. Also some weak holders out there that sold their coins because of panic selling. There could be many reasons behind this and, possibly, there could be no bigger reason at all to this. The issue on China may have contributed on the decrease but no one, especially to the elites, made this as a very big deal at all.

China will be back after they made an intensive regulation in their ICO and exchanges.
This China event that bitcoin community experienced, is only the beginning of more similar occasion that will happen again in another country.
Even if the crypto currency in China is banned, it can not greatly affect the currency.

vickycoin05

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Quote from: JL421 on September 15, 2017, 07:05:57 PM

ya i saw the price chart the price had fallen by really high numbers firstly i couldn't figure what happened but my felow members informed me that it was because china was banning all the exchanges in their country. I do see the price is rising back now i hope this continues for long

I am very confident that we are going to survive the challenges that we're having right and bitcoin will eventually gain it's higher value again. Currently the price is recovering if you will have to check the latest price updates.

JL421

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ya i saw the price chart the price had fallen by really high numbers firstly i couldn't figure what happened but my felow members informed me that it was because china was banning all the exchanges in their country. I do see the price is rising back now i hope this continues for long

suvo05

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

>

Yes it downs to hell. Near 3000$ .Don't know what is going to happen next. And looks like it will down more.I am too angry with china they blow up all.

Pasnik

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Quote from: ChronoLite on September 14, 2017, 11:02:25 AM

Quote from: emiedj01 on September 14, 2017, 07:54:06 AM

Yeah, bitcoin is now decresing, maybe you are right, bitcoin is banned in China. And more people are panic right now because of the value of bitcoin they are selling it or cash out.

Let's hope after this event. Bitcoin could increased their price again as everyone still panic sell because China's banned accident. However, in one or two months the situation is going back again.

Yes bitcoin has been decreasing now possible for the panic selling that had happen. I am hoping that this is temporary and peice will recover. Btc will rise again si anyone are happy with it.

ChronoLite

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Quote from: emiedj01 on September 14, 2017, 07:54:06 AM

Yeah, bitcoin is now decresing, maybe you are right, bitcoin is banned in China. And more people are panic right now because of the value of bitcoin they are selling it or cash out.

Let's hope after this event. Bitcoin could increased their price again as everyone still panic sell because China's banned accident. However, in one or two months the situation is going back again.

iqlimasyadiqa

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Quote from: Cranidos on September 14, 2017, 10:26:57 AM

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

There would be a high possibility that the issue on China was the reason for this downtrend on Bitcoin. We may include some whales that might have triggered a possible crash. Also some weak holders out there that sold their coins because of panic selling. There could be many reasons behind this and, possibly, there could be no bigger reason at all to this. The issue on China may have contributed on the decrease but no one, especially to the elites, made this as a very big deal at all.

the Chinese state becomes the mastermind of the current decline in bitcoin prices. the news about the exchange closing in china on 30 september 2017 makes everyone in china doing bitcoin withdrawal. because if not done then they could lose the bitcoin they have. so this is what makes the whole day a nightmare. bitcoin prices weaken and also out of control.

Cranidos

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

There would be a high possibility that the issue on China was the reason for this downtrend on Bitcoin. We may include some whales that might have triggered a possible crash. Also some weak holders out there that sold their coins because of panic selling. There could be many reasons behind this and, possibly, there could be no bigger reason at all to this. The issue on China may have contributed on the decrease but no one, especially to the elites, made this as a very big deal at all.

emiedj01

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Yeah, bitcoin is now decreasing, maybe you are right, bitcoin is banned in China. And more people are panic right now because of the value of bitcoin they are selling it or cash out.

glowing10

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Quote from: Fida-crypto on September 14, 2017, 01:24:06 AM

Some of person here say the reason of decrease bitcoin is China , so what the future of bitcoin if countries joined to China

One of the reason why bitcoin is falling is due to China banning ICO and Exchange. Another reason is that CEO of JPM has stated that bitcoin is a fraud and its going burst. Thus we can see that may be other couturiers may come in line and the fall of btc price below 3k may be possible now which is a sad news.

gilangIDR

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I did not expect a bitcoin price reduction to be so fast. After everything went well all this time, this is unexpected because bitcoin prices are well below 4K $. If it all happens because of the decision of china then I will be very upset, even all the people in this world will also think the same. Bitcoin falls and slumps is an adverse event. Including me that keeps a lot of bitcoin. We must take immediate action to avoid further losses.

btcney

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

It's much more than just China.

Mr. Jamie Dimon has yet again been talking about how crap bitcoin is, and how it has no future(surprise surprise, he said the same thing about bitcoin back when it was dirt cheap at $200.) Somehow people are still taking him seriously.

I think this, plus the rumours from China is what is negatively affecting the price right now. Price could definitely go down more, but i don't think it'll go down to less than $3.5k per coin at the very worst this month. Should see a recovery soon, as well. Potentially to $4.5k+.

hello_good_sir

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

Seems to be quite some support at the $3800 level.

I don't think that we have sustained a price that was any lower than the $3800 level right now. Currently around $3810 on coinmarketcap, and somewhat higher on western exchanges such as bitfinex. But still a lot of sideways movement with no clear direction.

We may see the floor adjust to $3700, but i think that we may see a recovery fairly soon to $4k+. Should be a good time to buy the dip.

Kemarit

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Quote from: hase0278 on September 14, 2017, 02:31:38 AM

Quote from: Fida-crypto on September 14, 2017, 01:24:06 AM

Some of person here say the reason of decrease bitcoin is China , so what the future of bitcoin if countries joined to China

If countries began to join China in their ban, and if it turns out the banning of btc there is true and other countries follow, we will probably see the biggest dump ever we would see in bitcoin history, the dumping from 3800+$ to somewhere between 500-600$ probably but it wont happen right away maybe as some countries like Japan are enjoying the benefits of using bitcoin. I hope they wont join China soon because if that happens, we might see a dump crazier than mt. Gox's period and even crazier than my prediction because there is a probability that price might go way beyond 400$ below if that happens.

I don't think that countries will join China if they are really planning a full scale war against bitcoin. Other nation haven't recognized or embrace bitcoin yet so its gonna be just China against bitcoin. But It looks like that China is not totally banning bitcoin per se, and they are not closing exchanges, they are rather tightening the screws once again. So this panic has no basis, it just articles are spun, put out of context to looks like China is clamping down local exchanges. But it effects is irreversible now, price going down everyday and has settled down around $3800-$3900. When everything is calm and settled down, we may see the price picking up once again and maybe touch $5000 in the next couple of months.

hase0278

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Quote from: Fida-crypto on September 14, 2017, 01:24:06 AM

Some of person here say the reason of decrease bitcoin is China , so what the future of bitcoin if countries joined to China

If countries began to join China in their ban, and if it turns out the banning of btc there is true and other countries follow, we will probably see the biggest dump ever we would see in bitcoin history, the dumping from 3800+$ to somewhere between 500-600$ probably but it wont happen right away maybe as some countries like Japan are enjoying the benefits of using bitcoin. I hope they wont join China soon because if that happens, we might see a dump crazier than mt. Gox's period and even crazier than my prediction because there is a probability that price might go way beyond 400$ below if that happens.

Chris314

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Btc is down firstly because of news or rumors from China. Those who speculate then saw the time to sell their btc and take profit of the August rise. They'll buy again for cheaper and the btc will go up again. That's how it works. Not time to sell now imo, I just hold my btc.

Fida-crypto

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Some of person here say the reason of decrease bitcoin is China , so what the future of bitcoin if countries joined to China

Rajamuda

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Btc is down, but don't make this is our spirit down to earning profits. I'm sure this decline is only temporary, will not go down and continues to $3000. Btc price will rising again after this, i'm sure it will be.

avp2306

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Quote from: THErapist on September 13, 2017, 09:33:32 PM

Quote from: eternalgloom on September 13, 2017, 10:01:35 AM

I think it's pretty obvious that the recent news about China is behind the drop in value.
It's actually a great time to buy if we wait out the current events, I could definitely see the price shoot up again in a couple of days.

If it goes even lower than this, I'd be a little bit worried but not too much.

I guess it because about the crowdfunding banned in China, that is why bitcoin's price is affected by this event. A lot of people already sell their bitcoins because of this huge price drop, but I'm just going to hold my bitcoin and wait for the next PUMP to convert some.

That is one of the major reason why we suffered from a big fall right now but hopefully the price of bitcoins will recover if there's another great events will counter it nor the trust of the people will comeback to stake again with bitcoins. But for now we shouldn't get panic since everything is still under control.

DrGuns4Hands

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i think this is because ico's been banned in china. and also there's a lot of people who actually panic selling because bitcoin keep decreasing the price . and they will regret it later when bitcoin price pump again. i don't sell on alow price i sell on a high price and then buy bitcoin on a low price. don't panic selling because bitcoin will definitely go bubble again.

oegarod

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The ongoing price fluctuations is purely uncontrolled and none has found the reality behind the ongoing drop. The price probably increases soon when certain drop point is reached. This will make the price start pump once again and cross the long expected price barrier of $5000.

xypos

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

Well this seems like the price is still floating around the $3.8k mark.

I'm not sure what is the main reason behind this, since none of the exchanges are shut down in China still(i could be wrong but didn't hear any news whatsoever). IMO it's just people panicking over the situation, causing a panic dump.

The price could potentially go down to $3.5k or even less this month but should recover to $4k+.

THErapist

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Quote from: eternalgloom on September 13, 2017, 10:01:35 AM

I think it's pretty obvious that the recent news about China is behind the drop in value.
It's actually a great time to buy if we wait out the current events, I could definitely see the price shoot up again in a couple of days.

If it goes even lower than this, I'd be a little bit worried but not too much.

I guess it because about the crowdfunding banned in China, that is why bitcoin's price is affected by this event. A lot of people already sell their bitcoins because of this huge price drop, but I'm just going to hold my bitcoin and wait for the next PUMP to convert some.

Tyrantt

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Need some spare btc for a new PC

Quote from: alyssa85 on September 13, 2017, 11:21:25 AM

Quote from: wrfitz on September 13, 2017, 10:33:50 AM

The reason why people in china have so much bitcoin is because they hate their own currency and how its controlled. If I lived in china, and government shut down the exchanges it would make me want bitcoin even more than ever because its actually hurt the government enough for them to bring in regulation or bans. It also makes it a rarer commodity since you wouldn't be able to get it very easily in china.

I suppose the panic here though is if china are banning it, then where will ban it next? It would be a massive shame for bitcoin to be shutdown by the very establishment that it was created to defend against. The thing thats cool is, at least we have their attention now Wink

As for me, I wont selling any of my bitcoin!

The problem with that is, say you were Chinese and had bitcoin. You now can't trade it on Chinese exchanges for yuan, once they have been closed in three months time. And thanks to the Great Firewall you can't access the western exchanges and sell for dollars (and in any case can't open a western bank account to pay those dollars into). And you are scared that your govt will prosecute anyone caught with bitcoin.

You have two choices - sell now while you can (and the price on the chinese exchanges is lower than on the western exchanges, indicating this is what people are doing). Choice #2 is to hold and take a trip to Macau and sell the bitcoins in person to someone from local bitcoins, to cash out later. Most seem to be doing the former.

what if.... there are tons of chinese shops here, like 4-5 for every average town and they're once a year going to China and I've seen them video chatting with their family or friends. So, can we maybe use them to get to other people that might hold bitcoin, to use them as a wallet transport and us here as an exchange? i mean, they can surely send a wallet address like that with no problem.

triasel

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

up and down is fair thing in bitcoin...dont be panic for this situation because decrease or down bitcoin its good way to buying bitcoin now and tomorrow will be up again

Kprawn

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The downward spiral started with the Chinese banning ICO's. Then some people saw this statement pushed Bitcoin's

price down, so they fabricated some FUD to push it down even further. {They said, Bitcoin is banned in China} ...So as

usual people just ran with this story and we see massive "panic" dumps. People are handing cheap coins to people who

used their fear tactics to manipulate others to sell. Roll Eyes

naira

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Quote from: fabiorem on September 13, 2017, 11:32:56 AM

Quote from: alyssa85 on September 13, 2017, 11:21:25 AM

The problem with that is, say you were Chinese and had bitcoin. You now can't trade it on Chinese exchanges for yuan, once they have been closed in three months time. And thanks to the Great Firewall you can't access the western exchanges and sell for dollars (and in any case can't open a western bank account to pay those dollars into). And you are scared that your govt will prosecute anyone caught with bitcoin.

You have two choices - sell now while you can (and the price on the chinese exchanges is lower than on the western exchanges, indicating this is what people are doing). Choice #2 is to hold and take a trip to Macau and sell the bitcoins in person to someone from local bitcoins, to cash out later. Most seem to be doing the former.

Except there is no confirmation that the chinese government have banned it, there's only rumours. The chinese are right to panic, tough, as they live in a dictatorship.

I think it would be better if we calmed down on all these issues, bitcoin prices fell sharply today, but I hope this situation will end soon.

hangar18

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Quote from: fabiorem on September 13, 2017, 11:32:56 AM

Quote from: alyssa85 on September 13, 2017, 11:21:25 AM

The problem with that is, say you were Chinese and had bitcoin. You now can't trade it on Chinese exchanges for yuan, once they have been closed in three months time. And thanks to the Great Firewall you can't access the western exchanges and sell for dollars (and in any case can't open a western bank account to pay those dollars into). And you are scared that your govt will prosecute anyone caught with bitcoin.

You have two choices - sell now while you can (and the price on the chinese exchanges is lower than on the western exchanges, indicating this is what people are doing). Choice #2 is to hold and take a trip to Macau and sell the bitcoins in person to someone from local bitcoins, to cash out later. Most seem to be doing the former.

Except there is no confirmation that the chinese government have banned it, there's only rumours. The chinese are right to panic, tough, as they live in a dictatorship.

In fact, the rumors about China banned crypto market not truth, just by the FUD of China banned ICO market makes the rumors hype more. Therefore, not only Chinese traders are panic seller, almost speculators also panic and they want to sell their Bitcoin soon.

fabiorem

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Quote from: alyssa85 on September 13, 2017, 11:21:25 AM

The problem with that is, say you were Chinese and had bitcoin. You now can't trade it on Chinese exchanges for yuan, once they have been closed in three months time. And thanks to the Great Firewall you can't access the western exchanges and sell for dollars (and in any case can't open a western bank account to pay those dollars into). And you are scared that your govt will prosecute anyone caught with bitcoin.

You have two choices - sell now while you can (and the price on the chinese exchanges is lower than on the western exchanges, indicating this is what people are doing). Choice #2 is to hold and take a trip to Macau and sell the bitcoins in person to someone from local bitcoins, to cash out later. Most seem to be doing the former.

Except there is no confirmation that the chinese government have banned it, there's only rumours. The chinese are right to panic, tough, as they live in a dictatorship.

alyssa85

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Quote from: wrfitz on September 13, 2017, 10:33:50 AM

The reason why people in china have so much bitcoin is because they hate their own currency and how its controlled. If I lived in china, and government shut down the exchanges it would make me want bitcoin even more than ever because its actually hurt the government enough for them to bring in regulation or bans. It also makes it a rarer commodity since you wouldn't be able to get it very easily in china.

I suppose the panic here though is if china are banning it, then where will ban it next? It would be a massive shame for bitcoin to be shutdown by the very establishment that it was created to defend against. The thing thats cool is, at least we have their attention now Wink

As for me, I wont selling any of my bitcoin!

The problem with that is, say you were Chinese and had bitcoin. You now can't trade it on Chinese exchanges for yuan, once they have been closed in three months time. And thanks to the Great Firewall you can't access the western exchanges and sell for dollars (and in any case can't open a western bank account to pay those dollars into). And you are scared that your govt will prosecute anyone caught with bitcoin.

You have two choices - sell now while you can (and the price on the chinese exchanges is lower than on the western exchanges, indicating this is what people are doing). Choice #2 is to hold and take a trip to Macau and sell the bitcoins in person to someone from local bitcoins, to cash out later. Most seem to be doing the former.

Selly Arumsari

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

i think nothing to worried, because that bad news will gone by time. this is good chance to buy bitcoin with cheap price and take your profit will bitcoin increase high price

DreamTeamGG

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DreamTeam Token

In some way via ban in China, in some way for sharp sales.

botcoinuser

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BUY , BUY, BUY BTC!!

dimastegar

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Small Trader

First, the Chinese news about the ICO ban. Then, today plus there is a Cyber war news between South Korea and North Korea that caused many people was was to buy Bitcoin. Alias of buying demand in Korea is decreasing. The price is now 3800 I think is very deep. This is the power of a news to Bitcoin.

wrfitz

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The reason why people in china have so much bitcoin is because they hate their own currency and how its controlled. If I lived in china, and government shut down the exchanges it would make me want bitcoin even more than ever because its actually hurt the government enough for them to bring in regulation or bans. It also makes it a rarer commodity since you wouldn't be able to get it very easily in china.

I suppose the panic here though is if china are banning it, then where will ban it next? It would be a massive shame for bitcoin to be shutdown by the very establishment that it was created to defend against. The thing thats cool is, at least we have their attention now Wink

As for me, I wont selling any of my bitcoin!

BitcoinExpart

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Cause of FUD news and panic sell the whole market is bleeding even green coin will turn red soon. So hold your Bitcoin very tight and btc only don't sell, it will be back very soon.

btcconnoisseur

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Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co, said on Tuesday. Even though he was challenged with Edward Tilly, chairman and CEO of exchange group CBOE Holdings Inc. Dimon's weight is obvious and apparently leveraged to drop some coins.

Sendibere

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Yes, that's because of the china plan to stop the exchangers. And if it continues to make sure that a big fall will occur. And I think it will return at $ 3,000 per price. And slowly recover. Hopefully it will stop because many people are really panic selling now because they do not want to drop even more bitcoins. But in reality they are actually doing something that's why it's falling further. And that's what's called a lack of knowledge about bitcoins ,.

Sync485

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i was thinking to sell but then i realized this correction was expected. so there is nothing to panic. but i hope it won't continue because of news.

Rinaze

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Cut loss before it's too late. That's what those panic selling is all about in short! HODL

ropyu1978

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in my opinion, there will be another drop this week. I'm looking at bitcoin development. there is little doubt to buy it now, I will wait until the end of this month.
the possibility of bitcion will be pumped again next year.

moltipxs

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dont believe the hype, hodl hodl and hodl again

Flomo

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all can happen, the Chinese government's policy of making the cryptocurrency market weaken, who knows how long this ends but for those who believe that bitcoin prices will go up again, this is a chance to make a profit.

Baser

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Quote from: CARrency on September 13, 2017, 09:54:31 AM

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

I think we can say that the China is the reason, but if you will be thinking of it, we all know that bitcoin is so volatile. So bitcoin will not be staying forever in that price it will always be changing. I think it will not be going less than $3000. Investors will be getting this as an advantage so the price will be getting up again soon, don't need to worry.

I hope it does not fall under $ 3,000. China is an important factor. But it's not as important as we're concerned about.
If it is already very cheap, there are too many people who do not miss the opportunity to buy.

Nawaytes

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This is what i call "massive panic attack". If you have a billion dollars in bitcoin, and they are created a bad news, what would you do ? Sell all your bitcoin ? And how much people do some like what you do. That is what happen.

Timeclo

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I think with the FUD and Big Bankers talking BTC as fraud, we're just going through some market drops. I think after a little more it should come back up either quickly or gradually.

eternalgloom

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I think it's pretty obvious that the recent news about China is behind the drop in value.
It's actually a great time to buy if we wait out the current events, I could definitely see the price shoot up again in a couple of days.

If it goes even lower than this, I'd be a little bit worried but not too much.

CARrency

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Activity: 546

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Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

I think we can say that the China is the reason, but if you will be thinking of it, we all know that bitcoin is so volatile. So bitcoin will not be staying forever in that price it will always be changing. I think it will not be going less than $3000. Investors will be getting this as an advantage so the price will be getting up again soon, don't need to worry.

Baser

sr. member

Activity: 658

Merit: 280

Quote from: rajuahmed330 on September 13, 2017, 09:44:25 AM

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

I want to say my own guess.
We have experienced these movements before. I think $ 3500 - $ 3600. No particular reason. just from previous experiences.

rajuahmed330

full member

Activity: 450

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Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

Topic: BTC is down (Read 2191 times)