China, once again, has pulled a controlled short and made a lot of BTC from unwary panic sellers whose, for some reason, decided selling BTC because some shitcoin's ICO got banned was a good idea.
Why did so many idiots sell their cheap BTC? Who knows, but what do we know is, this has been another profitable move by China whose is building stacks of BTC from all the newbies and weak hands that just don't know how to hold.
Remember this?
The ICO ban is just the same bullshit all over again, so don't fall for their tactics or you will lose your tickets to the moon.
Why did so many idiots sell their cheap BTC? Who knows, but what do we know is, this has been another profitable move by China whose is building stacks of BTC from all the newbies and weak hands that just don't know how to hold.
Remember this?
The ICO ban is just the same bullshit all over again, so don't fall for their tactics or you will lose your tickets to the moon.
I'm taking the fact that you're a longtime member into consideration here.
I wouldn't be surprised if people who sold bitcoin just recently we're introduced to it and then bought it very quickly. People with large amounts and those who bought it recently we're probably freaked out by the couple hundred drop in the pricing and sold to cut losses. You have a different experience in this probably because you're a longtime member and have had Bitcoin in your possession since the early stages. The same can't be said for everyone who's in bitcoin now.
I have seen this shit play out again, again, and again since I started years ago. It's always the same damn thing. Look at the price now, we are past $4600, exactly at $4667 right now at Bitstamp prices. Let's see how it crushes the last $4700 peak which is the closest one to cross now. Once we get past that, we will flirt with the last ATH resistance for a while, then we will be sitting at $5000, in no time.
Actually what's funny is, China has said now that they aren't going to ban ICO's, they will just issue licenses to launch ICO's. And the price was recovering before they said that so a ban of ICOs was priced in (for these that thing ICOs are relevant to Bitcoin which they arent)
