Did China really crash Bitcoin again? - page 3.

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

So you believe the increase from $7400 to over $9200 was pure luck? Was it something normal? and coincidentally increased from $7400 to over $ 9200 just as the president of china talked about blockchain and days ago china said it is still implementing hard measures against bitcoin and the price has dropped to the point of going back to $7400... This is not coincidence, even if some people insist not see the obvious that China has a large influence on bitcoin price. when President Donald Trump and the Chinese President intensify their trade war, Immediately the financial markets react, why would we not believe that the statements of the Chinese president affect the price of bitcoin?

deadsilent

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Quote from: iamaruf on November 22, 2019, 03:48:19 PM

I think china is the main reason behind the crypto crash.But this news and cointelegraph news are different.but both news marked that china is the main reason. I saw in cointelegraph that chinese police raids on binance and bithumb.
News: https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges/amp

I think that was just a fake news. But it really damage binance's credibility because of this FUD. But somehow make sense because Binance is a major and top cryptoexchange out there. For sure this made people especially the users of the exchange panicked sell and get the hell out. Not sure about bithumb tho.

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Quote from: Oneandpure on November 23, 2019, 07:04:20 AM

I got update with fake news make by an exchange market how to make many people have to sell bitcoin with lower price, I don't not is true or not news because with this situation have lower price right now, I think many people keep panic after bitcoin down and sell with lower price, how long waiting with bitcoin come back again to higher price and can get profit again for investing with bitcoin and altcoin.

Fake news are gathering now pointing those weak hands and panic. but we couldn't prevent this news to spread everywhere. we should believe to the true strong ones that hodl a huge bitcoin to hodl no matter what. a lot of news regarding china too that affect this current situation so we need to be more knowledgable to bypass it. we also should keep an eye to market and observe the situation until the fake news will fade and all panic sellers back again.

imstillthebest

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it says unlikely so i also think that its not really because of china on why btc fell down . also i heard alot of bad news lately that can be linked properly on the down fall of the cryptos .

besides , china was not new about thier issue with cryptos but i think thier own issues were always contributed some down fall on the price . my expection for this year was suppose to be good but the more that we are closer on december , the more problems we are been experiencing . too bad .

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Quote from: Oneandpure on November 23, 2019, 07:04:20 AM

I got update with fake news make by an exchange market how to make many people have to sell bitcoin with lower price, I don't not is true or not news because with this situation have lower price right now, I think many people keep panic after bitcoin down and sell with lower price, how long waiting with bitcoin come back again to higher price and can get profit again for investing with bitcoin and altcoin.

There are many news popping regarding this bloothbath that we are experiencing but none of them seems really be the reason, it just happen too fast, all we can do now is to hold and wait and see till how much it will fall and buy some if still have money to invest to take this dump as an opportunity.

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Quote from: daarul50 on November 23, 2019, 04:16:23 AM

Quote from: carlisle1 on November 22, 2019, 09:49:40 PM

lol why always china?did Chinese government owns the whole market?please stop being noob we all know that the volatility of cryptocurrency is the main reason why market comes up and down,it only added some news to have a impact but the truth is most of the time manipulation causes those.

weeks ago we are very thankful for what Chinese president says towards blockchain and crypto and now just because there is a small changing of trend the blame is towards them again?nope i don't think it is the reason behind this fall.

haha that is what i wondering these days , people seems tend to become a good sheep , a good boy who follow every single media trap.

It's not people, it's bots.

Keyword traders. So the word "ban" or "raid" in connection with bitcoin, exchanges and cryptocurrency in an article will trigger a sell.

"Approval". "positive", "legal" in connection with bitcoin, exchanges and cryptocurrency in an article will trigger a buy.

Then all the stop losses get triggered (whether long or short) and that will amplify the move.

It's a nutso way to trade, but keyword trading is rife in both the forex and cryptocurrency markerts.

Oneandpure

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I got update with fake news make by an exchange market how to make many people have to sell bitcoin with lower price, I don't not is true or not news because with this situation have lower price right now, I think many people keep panic after bitcoin down and sell with lower price, how long waiting with bitcoin come back again to higher price and can get profit again for investing with bitcoin and altcoin.

Ziskinberg

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China has been against crypto for years now, so its not new if they will still stand with what they believe until now.
They are pro blockchain now but they are not pro crypto, as they still continue the crack down.

There are a lot of rumors but closes rumor I read being the reason for crash is

https://www.theblockcrypto.com/post/47922/binances-shanghai-office-shut-down-following-police-raid-sources-say

however, it was just a FUD as Binance denied it, https://www.ibtimes.com/binance-bithumb-deny-china-police-raid-office-shut-down-2871463

There are FUD in the market, and if people will panic, that would cause a crash but without good reason why it will crash, for sure BTC will back up again.

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Quote from: bitbunnny on November 23, 2019, 03:36:23 AM

Some say it's China, some say it's Trump to blame because of recent price dump. I don't think none of that is true and neither of them has anything to do with Bitcoin price. Such theories are not relevant to me and I don't think that any government or politician has the influence to significant impact the price. But I understand that Bitcoin users always need to have someone to blame.

Just to cause so much panic and to keep the price for dumping, whales are moving and make the market in favor to them. So many reasons yet no sure answer, even its China or anyone I still believe on bitcoin and i will not panic and sold at a cheaper price. People blame someone just to get the attention of small investors, well my advice is to stay focus and invest wisely.

Genemind

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Bitcoin has been really volatile since it's one of its characteristics and I don't think any country has something to do with it. Since China has been a part of crypto news, people are blaming it every time Bitcoin crashes but I don't think it's manipulating the market. Prices will always change so instead of concluding and depending on theories, let's just deal with it.

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

Bitcoin was really in a bad condition right now and I don't think that the reason behind this is because of China, why? Simply because we already know that the China was already accept bitcoin in their country and in fact we really have a big evidence about that and it becomes one of the hottest trend in the bitcoin forum or news. Based on tha graphical chart of bitcoin which is actively changing we clearly see that it is because of the volume of bitcoin who is becoming so huge and also maybe the reason is the production of it because we also know that bitcoin mining was very bad nowadays.

daarul50

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Quote from: carlisle1 on November 22, 2019, 09:49:40 PM

lol why always china?did Chinese government owns the whole market?please stop being noob we all know that the volatility of cryptocurrency is the main reason why market comes up and down,it only added some news to have a impact but the truth is most of the time manipulation causes those.

weeks ago we are very thankful for what Chinese president says towards blockchain and crypto and now just because there is a small changing of trend the blame is towards them again?nope i don't think it is the reason behind this fall.

haha that is what i wondering these days , people seems tend to become a good sheep , a good boy who follow every single media trap.

bitcoin price up blame china , bitcoin price down blame china again media said and people say yes! what a small-minded we are. get your brain work on research , do your own assessment enrich yourself with knowledge and you can be the one who manipulate the market itself!
there is nothing to do with china this time , it is pure an organic move possibly triggered by big whales.

making people panic sell as usual , this is a classic cycle , we should anticipated this, i did.

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Quote from: bitbunnny on November 23, 2019, 03:36:23 AM

Some say it's China, some say it's Trump to blame because of recent price dump. I don't think none of that is true and neither of them has anything to do with Bitcoin price. Such theories are not relevant to me and I don't think that any government or politician has the influence to significant impact the price. But I understand that Bitcoin users always need to have someone to blame.

There are no legit news that effects the market dump, it may be because of the season. Some usually soebd preparing for holidays, some business men who might have companies cashout some to pay for their workers bonus. I just like to think it that way as many small business man in our area now is withdrawing in their banks for that reason. It's not alway about China, it can be because of the crypto cycle of pump and dump.

KnightElite

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I'm focusing in technicals and not fundamentals. I'm a trader who only making decision through the price action of the bitcoin. The bitcoin is in the bear market so it is normal to see that the price of the bitcoin is crashing because of the high selling pressure. If you are going to observe the price of the bitcoin, it got breakdown again to its previous support.

bitbunnny

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Some say it's China, some say it's Trump to blame because of recent price dump. I don't think none of that is true and neither of them has anything to do with Bitcoin price. Such theories are not relevant to me and I don't think that any government or politician has the influence to significant impact the price. But I understand that Bitcoin users always need to have someone to blame.

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Quote from: Oasisman on November 23, 2019, 03:31:14 AM

This is what I was confused about during China showed interest in blockchain technology alone and no Bitcoin involved. How did Bitcoin price just pump right after it was announced by the Chinese leader when in fact blockchain and Bitcoin are two different things.
Is this a backfire by the wrong interpretation of the investors when the Chinese leader showed interest in blockchain?
I think it's just plain stupid when someone invested in crypto space couldn't decipher the difference between blockchain and Bitcoin.

We don't really know what is happening, I am just being positive that some whales are trying to manipulate the price, creating fake news and negativity for panic sellers to sell, and they win so far, still I know that they are just taking this opportunity to accumulate and for them to sell at higher price again, real people who knows Bitcoin will not panic at all.

Oasisman

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This is what I was confused about during China showed interest in blockchain technology alone and no Bitcoin involved. How did Bitcoin price just pump right after it was announced by the Chinese leader when in fact blockchain and Bitcoin are two different things.
Is this a backfire by the wrong interpretation of the investors when the Chinese leader showed interest in blockchain?
I think it's just plain stupid when someone invested in crypto space couldn't decipher the difference between blockchain and Bitcoin.

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It's not necessary that China is the sole reason for the current drop in price of bitcoin. Bitcoin has been idle from a few weeks and I think it had to show some motion and may be that's why it dropped.
May be the shutdown of Binance and Bithumb just boosted the drop further which caused a significant difference but we can never tell what's the actual truth.
Never believe media because they just show us what they want to and the information shown to us might be manipulated just like how the data on Coinmarketcap is manipulated too.

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

The news is too focused on China as if its only the reason why its dumping, we have to consider many news for the recent dump and its true that we are dumping since then. Bitcoin can go up high again, the dump will be normal for now and it will not go crash hard again, let’s just stop spreading negative news about bitcoin and we will go up.

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

whatever news china bans on bitcoin users or wants to create its own blockchain, i am a person who never cared about it and read junk news from cointelegraph or others, i prefer the analysis of charts that i use, so why is the price of bitcoin going down because it is the market is in bearish condition, I only wait for the next 1 to 2 weeks to get the answer

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