Can bitcoin reach $5000 again without China ?

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Quote from: suvo05 on September 19, 2017, 09:05:52 AM

Bitcoin dropped because of the panic situation made in the market. Now people are getting info that china Govt have not ban bitcoin there they have ban the exchange sites which does not have any licence so the panic state are dissolving down and bitcoin is coming back to its normal price.

You seem to be rather uninformed as well. Exchanges are no longer allowed to offer any kind of CNY trading pairs, and that's not the result of exchanges not being licensed properly. Exchanges such as OKCoin, Huobi and BTCC are properly registered and licensed, but still have to act in form of halting CNY trading. All other activities that fit within the portfolio of these exchanges keeps running normally, because they are not affected by these regulations. Is it possible that even these non CNY activities will end up being targeted by the Chinese government? Who knows, but for now there is not much that we can do other than to wait how things will play out in the coming weeks/months.

owengtam09

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Quote from: Lordshiva on September 18, 2017, 06:35:40 AM

Yes surely it will,...already we have seen bitcoin begin to rise again and bitcoin is not only dependent on China...i am pretty sure that bitcoin will hit 5000$ soon

I agree that bitcoin will still continue to rise even without China. Like right now, bitcoin is recovering from dropping under $3000. I believe that it will possibly soon to happen that bitcoin will probably reach $5000 again.

suvo05

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Bitcoin dropped because of the panic situation made in the market. Now people are getting info that china Govt have not ban bitcoin there they have ban the exchange sites which does not have any licence so the panic state are dissolving down and bitcoin is coming back to its normal price. So the there is a possibility again that the bitcoin reach the $5000 mark within this year.

BlackPanda

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Quote from: denny27 on September 18, 2017, 05:35:53 AM

I'm sure bitcoin price will rising again and reach $5000 back, i think next month is also likely to reach $5000. Whatever news comes out, i only know bitcoin price of course after got decreased it's certainly will be rising back on its prices, and i believe bitcoin value will remains strong and bitcoin remains one of the most important intermediaries to get profitable, that's only.

the opportunity price increases up to $ 5000 is indeed very open. we have had a bad day a week ago but now we have started it again. we are on a positive track and are also trying to increase the price ahead. china is a big part of bitcoin users, but I'm sure people in China will start over using bitcoin despite the ban on the use of the Chinese government. the world will most certainly feel if the loss of china. but like what I said that china will slowly and begin to adopt bitcoin. the fact is they do not completely ban bitcoin, china just wants to revolutionize its use because it is useful to record the use of bitcoin in their country.

emiedj01

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Quote from: Victorycoin on September 19, 2017, 08:26:53 AM

Quote from: jtipt on September 17, 2017, 09:49:22 PM

Quote from: Granxis on September 17, 2017, 08:53:06 PM

I think 5000 dollars is a very distant target, it is very difficult to reach this level until the end of this year, maybe we will find our chance in 2018

No, I think we might be able to see $5000 by end of this year. China has definitely caused a major setback in it, BTC was going to cross $5000 in August itself but it didn't because of China. Now since it is recovering, if it continues this up trend we should be able to see $5000 by end of the year.

I don't see what setback you are talking about here, if there was one, we won't be talking about over $3500 per Bitcoin only few days after such an announcement. The fact that the market was able to bounce back from under $3000 is a clear testimony to the fact that still without China, Bitcoin is still posed to get to where it was headed. The rest of the world are behind Bitcoin and they are in the majority and that is all that matters.

He must be talking about the fake news that are spreading towards the forum, that is why the price plummets down, but as what you are saying we are heading to a positive direction of going up again and I think the fear on each and every one was uplifted and right now is a good time to really buy to your hearts content because I can feel that the price is ready going up.

Victorycoin

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Quote from: jtipt on September 17, 2017, 09:49:22 PM

Quote from: Granxis on September 17, 2017, 08:53:06 PM

I think 5000 dollars is a very distant target, it is very difficult to reach this level until the end of this year, maybe we will find our chance in 2018

No, I think we might be able to see $5000 by end of this year. China has definitely caused a major setback in it, BTC was going to cross $5000 in August itself but it didn't because of China. Now since it is recovering, if it continues this up trend we should be able to see $5000 by end of the year.

I don't see what setback you are talking about here, if there was one, we won't be talking about over $3500 per Bitcoin only few days after such an announcement. The fact that the market was able to bounce back from under $3000 is a clear testimony to the fact that still without China, Bitcoin is still posed to get to where it was headed. The rest of the world are behind Bitcoin and they are in the majority and that is all that matters.

mehcat11

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Yes, It can. The price of bitcoin is $4000 today and that is can happen without China.
Many companies have accepted bitcoin and demand of bitcoin still rise until now.
Bitcoin price will rise $5000 in the end of this year with or without China.
If China has forbidden the bitcoin transactions, there are countries will legalized bitcoin in the future such as Japan.
That is balanced. So, don't worry about that. Just wait and be patient.

tokensforfreedom

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China Continues Shutdown

China will close some bitcoin exchanges during September. China’s regulators have said exchanges need to close because they don’t have formal licenses.

There is a document circulating as well that explains what exchanges need to do. One exchange, BTCC, said it will shutting down and users ought to get their funds back by Sept. 30.

Some exchanges may not shut down, including Huobi and OKCoin. It is possible that China wants to radically decrease the number of exchanges so as to better control them.

Alternatively, government may actually take control of whatever exchanges are left. There is speculation that government does not want to shut down the sector entirely. The plan is not yet clear and the government is in no hurry to explain itself. Presumably it will do so in due time.

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Quote from: bitcoincryptochamber on September 17, 2017, 01:14:30 AM

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

The price has recovered to be above $4,000 now, I don't see any reason why we will not see $5xxx again in the short to medium term. The weak hands have been shaken out.

owengtam09

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Quote from: bitcoincryptochamber on September 17, 2017, 01:14:30 AM

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

For me, bitcoin will still reach $5000 again just like before, bitcoin potential is very high with or without China. It will still reach $5000 maybe by the end of the year.

Lordshiva

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Welcome back 🙏

Yes surely it will,...already we have seen bitcoin begin to rise again and bitcoin is not only dependent on China...i am pretty sure that bitcoin will hit 5000$ soon

MintCondition

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Quote from: Yuhee on September 18, 2017, 05:43:41 AM

Quote from: denny27 on September 18, 2017, 05:35:53 AM

I'm sure the bitcoin price will rise again and reach $5000 back, i think next month is also likely to reach $5000. Whatever news comes out, i only know bitcoin price of course after got decreased it's certainly will be rising back on its prices, that's only.

Well i think because china really did affect the price of btc and it got people into some dilemma. Because china was a big contributor in btc and how it was recognized around the globe but as far as i know, there are still a lot of countries are invested in btc and i think it could also be enough to get the price of btc increase from time to time even if there were any issues regarding another price decrease.

I think it's still possible for btc to reach it with or without China. There are lot's of bitcoiners all over the world and many more countries sees it potential so btc can go a long way without it.

Yuhee

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Quote from: denny27 on September 18, 2017, 05:35:53 AM

I'm sure the bitcoin price will rise again and reach $5000 back, i think next month is also likely to reach $5000. Whatever news comes out, i only know bitcoin price of course after got decreased it's certainly will be rising back on its prices, that's only.

Well i think because china really did affect the price of btc and it got people into some dilemma. Because china was a big contributor in btc and how it was recognized around the globe but as far as i know, there are still a lot of countries are invested in btc and i think it could also be enough to get the price of btc increase from time to time even if there were any issues regarding another price decrease.

denny27

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I'm sure bitcoin price will rising again and reach $5000 back, i think next month is also likely to reach $5000. Whatever news comes out, i only know bitcoin price of course after got decreased it's certainly will be rising back on its prices, and i believe bitcoin value will remains strong and bitcoin remains one of the most important intermediaries to get profitable, that's only.

Vuizel

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Quote from: JohnnyUranus on September 17, 2017, 02:57:38 PM

Sure, China is not everything, there is a big worldwide demand for btc.

I think it can china is the market of the world most of the things are made in china so if china says no that means it is actually a big difference after that the us and after that Europe if we all say no bitcoin then bitcoin price will surely die.

maokoto

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I think it can reach 5000$ again once people see situation is really stable without China participation. Chinese will also move to other ways of using Bitcoin that are not banned. It will go on up.

mharz

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Quote from: jerowacik on September 17, 2017, 09:46:46 PM

Quote from: Mysterious01 on September 17, 2017, 08:43:26 PM

Quote from: bitcoincryptochamber on September 17, 2017, 01:14:30 AM

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

China is a big country and it is a very big contributor in bitcoin but even though China ban bitcoins it will surely recover as there are many countries who adopted it already.
So for me there is a big chance that it will reach to 5k within this year.

I think china will not completely ban bitcoin. this will take place in just a few moments, the Chinese state will come back and stop the ban on the use of bitcoin. so I still believe that there is no ban on bitcoin in any country in the world. the development of bitcoin will prove that bitcoin is currently in great demand and is also welcomed openly by the world community.

Bitcoin wasn't totally banned in China only the ICO's, in my opinion bitcoin have a capacity to achieve $5000 without China. However it's a long term before it happen, because if we see Chinese country had large effect to the value of bitcoin due to high numbers of bitcoin members in China were stop for the meantime due to banning of ICO's.

andthereyou

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Quote from: jerowacik on September 17, 2017, 09:46:46 PM

Quote from: Mysterious01 on September 17, 2017, 08:43:26 PM

Quote from: bitcoincryptochamber on September 17, 2017, 01:14:30 AM

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

China is a big country and it is a very big contributor in bitcoin but even though China ban bitcoins it will surely recover as there are many countries who adopted it already.
So for me there is a big chance that it will reach to 5k within this year.

I think china will not completely ban bitcoin. this will take place in just a few moments, the Chinese state will come back and stop the ban on the use of bitcoin. so I still believe that there is no ban on bitcoin in any country in the world. the development of bitcoin will prove that bitcoin is currently in great demand and is also welcomed openly by the world community.

Yes bitcoin price will eventually reach 5000USD even without China. However it will take time.
If China will release news that they will support bitcoin then reaching 10k USD next year is not impossible, this what I think.
Let's just wait the news about China if they completely adapt o reject bitcoin. The only thing I am sure is that no one can stop bitcoin.

jtipt

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Quote from: Granxis on September 17, 2017, 08:53:06 PM

I think 5000 dollars is a very distant target, it is very difficult to reach this level until the end of this year, maybe we will find our chance in 2018

No, I think we might be able to see $5000 by end of this year. China has definitely caused a major setback in it, BTC was going to cross $5000 in August itself but it didn't because of China. Now since it is recovering, if it continues this up trend we should be able to see $5000 by end of the year.

jerowacik

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Quote from: Mysterious01 on September 17, 2017, 08:43:26 PM

Quote from: bitcoincryptochamber on September 17, 2017, 01:14:30 AM

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

China is a big country and it is a very big contributor in bitcoin but even though China ban bitcoins it will surely recover as there are many countries who adopted it already.
So for me there is a big chance that it will reach to 5k within this year.

I think china will not completely ban bitcoin. this will take place in just a few moments, the Chinese state will come back and stop the ban on the use of bitcoin. so I still believe that there is no ban on bitcoin in any country in the world. the development of bitcoin will prove that bitcoin is currently in great demand and is also welcomed openly by the world community.

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