china issue and about china exchanger news always big affect to bitcoin price
this month 2 issue china exchanger, and bitcoin price 2 crash and 2 down price
so i hope next month not big suprice , not big bad news about china exchanger, this now china exchanger still investigation china regulation, i hope normaly and not problem and then china exchanger can normal withdraw again, and bitcoin price can incraese
Topic: Calm those tits guys, the China "issue" is not an issue.. (Read 1473 times)
Boo hoo 1 month delay in withdraws for the sake of KEEPING BITCOIN LEGAL IN CHINA and fighting against money laundering!
The thing is, the actual content of the news don't matter. They will use whatever they can in order to trigger the panic on market participants and profit from the shorts. It is like a feedback effect and that's all that they want. They want to profit on the "sell the news" effect.
The price is quickly recovering since it's nothing, it's just another excuse-news for PBOC to get more cheap coins.
Boo hoo 1 month delay for the sake of KEEPING BITCOIN LEGAL IN CHINA!
Do you use those exchanges?
How would you feel if they had your coins stuck now or if you were lucky your coins weren't there at the wrong time?
you can still use those coins for trade right? it's not like you were going to withdraw everything anyway, i don't see the issue
this is not an issue, it is an opportunity.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
you are right but it still scare me that everytime there is a news like this bitcoin suffers a dump of 10% or more, this is the bad volatily that i don't like and i can presume already that it will be a reality with higher value as well
this is not an issue, it is an opportunity.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
As mentioned China doesn't move anywhere. Its just to make some systematic regulations to avoid money laundering and avoid illegal mining operations. As countries are competing to be digitized China won't move out of digital development as well digital currency making. In the past bitcoin price variation happens in relation to China's bitcoin market now such scenarios have changed a lot. whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
this is not an issue, it is an opportunity.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
The only issue is the block size.
you do realize that the majority of the dumps happened in the western exchanges not Chinese.
Traditionally prices on Chinese exchanges were considerably higher than on western exchanges. Wealthy Chinese were willing to pay a premium for coins at home just to get them to western exchanges, where they were willing to sell them at a discount just to get their coins out of China, despite capital controls.
Of course the dumps happened at western exchanges, just as the price rallies mostly originated in China
Isn't this why the PBOC pressured the exchanges into suspending Bitcoin withdrawals?
Since the withdrawal limitations, this gap has narrowed, and at times Chinese prices have actually been lower.
The PBOC seems to be accomplishing what it set out to do: stemming the outflow of yuan from China.
anything China related has always been exagerated and put under magnifying glass. and it always affects the price first because of the shake outs that come afterwards.
and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.
and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.
this is what happen now and i think china is getting affects with the price, before the news about PBOC, the price is stable in $1k but after the PBOC release the news, then the price is suddenly getting down too deep and even it reach $9xx number. it seems china wants to control and make the market panic and i think they are successful to reach the goal and now, we are only waiting for a good news and we can hope that the price will be back.
you do realize that the majority of the dumps happened in the western exchanges not Chinese. it started on big exchanges such as bitfinex and bitstamp when whales were dumping big amounts of bitcoin and you can see it on the charts with a vertical red candlestick showing the size of their dumps.
and if you can find the history of it there were dumps as big as 100 to 500 bitcoins at a time.
anything China related has always been exagerated and put under magnifying glass. and it always affects the price first because of the shake outs that come afterwards.
and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.
and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.
this is what happen now and i think china is getting affects with the price, before the news about PBOC, the price is stable in $1k but after the PBOC release the news, then the price is suddenly getting down too deep and even it reach $9xx number. it seems china wants to control and make the market panic and i think they are successful to reach the goal and now, we are only waiting for a good news and we can hope that the price will be back.
anything China related has always been exagerated and put under magnifying glass. and it always affects the price first because of the shake outs that come afterwards.
and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.
and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.
It's not like people didn't have plenty of warning to get their coins out... you know with the ongoing investigation into BTC exchanges in China.
Very disturbing timeframe, but indeed been not-so-threatening to people affected. Announced in advance.
But why are they acting that harsh right now, since on coindesk.com you could read the statement that PBoC did NOT forced them to halt withdrawals. This has been their own decision.
Totally uneccessary!
Boo hoo 1 month delay for the sake of KEEPING BITCOIN LEGAL IN CHINA!
Do you use those exchanges?
How would you feel if they had your coins stuck now or if you were lucky your coins weren't there at the wrong time?
It's not like people didn't have plenty of warning to get their coins out... you know with the ongoing investigation into BTC exchanges in China.
I consider keeping coins at an exchange to be foolish. Exchanges are vulnerable to attack from hackers, governments, dishonest employees, and other lowlifes.
There's also no reason. It takes very little time to transfer bitcoins to an exchange if you wish to sell them.
Transferring fiat to exchanges is what is slow and expensive. It is also far less likely to be stolen.
I can see leaving a small amount of Bitcoin at an exchange for immediate trading, and larger amounts of fiat there for convenience, but not any sizeable amount of Bitcoin.
Paper wallets rule.
It's not like people didn't have plenty of warning to get their coins out... you know with the ongoing investigation into BTC exchanges in China.
Boo hoo 1 month delay for the sake of KEEPING BITCOIN LEGAL IN CHINA!
Do you use those exchanges?
How would you feel if they had your coins stuck now or if you were lucky your coins weren't there at the wrong time?
It provided a good opportunity to buy cheap bitcoins though. Thank you china. It seems that while china is dumping, the rest of the world is pumping.
Do you mean the rest of world is actually doing what China did previously and China also vice versa ? I guess we need not to give more weightage to China no more, for that the good supporting evidence must be recent stable prices above $1000. But it is obvious any exchange causality will affect bitcoin prices hence market will bounce back. We can just use this as an buying opportunity.
Erm.. not saying its 'good' - but its an explainer at least..
https://cointelegraph.com/news/bitcoin-price-falls-9-overnight-as-2-chinese-exchanges-stop-withdrawals
https://cointelegraph.com/news/bitcoin-price-falls-9-overnight-as-2-chinese-exchanges-stop-withdrawals
This is one panic drop I can understand. I would have a problem and panic too if the exchange I used held up my coins for a month. Who knows, maybe they confiscate coins next?
Erm.. not saying its 'good' - but its an explainer at least..
https://cointelegraph.com/news/bitcoin-price-falls-9-overnight-as-2-chinese-exchanges-stop-withdrawals
https://cointelegraph.com/news/bitcoin-price-falls-9-overnight-as-2-chinese-exchanges-stop-withdrawals
Bitcoin price recover so fast today, even though price decline were significant.
Chinese are not longer could manipulate bitcoin price so deep like before as we have spread widely over the world. I don't read the recent news about 1 month delay for bitcoin legality in China, may anyone share some good articles related to this.
Chinese are not longer could manipulate bitcoin price so deep like before as we have spread widely over the world. I don't read the recent news about 1 month delay for bitcoin legality in China, may anyone share some good articles related to this.
It provided a good opportunity to buy cheap bitcoins though. Thank you china. It seems that while china is dumping, the rest of the world is pumping.
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