Did China really crash Bitcoin again? - page 4.

DaveWave

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Quote from: peter0425 on November 23, 2019, 12:52:39 AM

sometimes this is our own mistakes as small investors as well,because the moment price starts to go down what we do is withdraw and have a thought in mind that "I will Buy back once the price goes lower" do you think this wont affect the market value?if tons of holders has this same thinking then what will happen?maybe the News about China may start the Fire but we are the wind whos blowing the fire to progress and be bigger and wider.

You cannot blame anybody on that. If you lost money, that's your fault. Successful traders and investors can earn money either bears or bulls. A friend of mine once advised me that if I am a bitcoin lover then I should sell it a high price and then btfd to have more bitcoins. Tongue

glendall

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I was never sure about the issue of bad or good news, the bitcoin chart has been experiencing a bearish trend over the past few weeks because it's time,
Today's correction is the beginning of a bullish BTC, and many professional traders know that.
there is no relationship of BTC prices that have been corrected because of Chinese news.

Asmonist

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I think its not really China alone. We cannot blame them solely. Somehow their new practices or policies is affecting the bitcoin market but I believe there are still other factors. There are many influential countries too that may contribute in the causes of bitcoin downfall. Well, its just a matter of time. As we ho farther, we must also embrace these changes and downfall. Its part of the overall process.

peter0425

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sometimes this is our own mistakes as small investors as well,because the moment price starts to go down what we do is withdraw and have a thought in mind that "I will Buy back once the price goes lower" do you think this wont affect the market value?if tons of holders has this same thinking then what will happen?maybe the News about China may start the Fire but we are the wind whos blowing the fire to progress and be bigger and wider.

Kprawn

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yohananaomi

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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.

I do not believe that they will do that for a long time because we know that in China the crypto is very high in activity and the population is very large there will certainly be a lot of influence on themselves. surely there are certain things that are hidden about this so they can also make a profit behind it?

Hippocrypto

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Quote from: gabmen on November 22, 2019, 11:05:04 PM

Lol. China always gets the blame for anything bad that's happening to BTC. Does the Chinese have that much influence over this market? I don't think so. Of course with how large the Chinese market is, it can have an effect. But not to the extent to crash the price. And I don't think this is a crash at all anyways. We've stayed for quite a while above the 9k mark and I was expecting a downward trend like this. We're giving China too much credit here lol.

There's a participation of huge capitalist from China, of course the whales did a great contribution with this recent price recession. However, the predictions has been fulfilled badly to reality and has took a sudden outbreak which most people didn't expect to happen. Hopefully this opportunity will bring give some buyers a big change to own bitcoin once again at cheaper value.

dothebeats

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Everything that has happened should not be attributed to China alone. We've been on a lackluster trading scene for quite some time now and it just so happened that the news regarding China clarifying that blockchain =/ bitcoin is timely to the expected downfall of the price. It could have been a lot worse though, but it seems that the bearish sentiment has taken a rest somehow and we're sitting quite nicely yet uncomfortably in the low $7000 range. The Chinese has a large influence over the mining scene, but when it comes to trading, I think they're not the largest of whales around.

Eugenar

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Quote from: gabmen on November 22, 2019, 11:05:04 PM

Lol. China always gets the blame for anything bad that's happening to BTC. Does the Chinese have that much influence over this market? I don't think so. Of course with how large the Chinese market is, it can have an effect. But not to the extent to crash the price. And I don't think this is a crash at all anyways. We've stayed for quite a while above the 9k mark and I was expecting a downward trend like this. We're giving China too much credit here lol.

Basically you have a good point, it is not the Chinese that mainly causes the decline of cryptocurrency at this time, but rather, we are on the same network and the influence of China on cryptocurrency adoption is considerably contributing that many people around the world engage in crypto through investment. Even though it is not the Chinese who sold a large volume of crypto, they influence the whales as well to buy, and right now after the increase follows the correction to the market price in which the whole world also contributes. Thus, we shouldn't blame any entities/country to be the cause of the sudden decline.

gabmen

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Lol. China always gets the blame for anything bad that's happening to BTC. Does the Chinese have that much influence over this market? I don't think so. Of course with how large the Chinese market is, it can have an effect. But not to the extent to crash the price. And I don't think this is a crash at all anyways. We've stayed for quite a while above the 9k mark and I was expecting a downward trend like this. We're giving China too much credit here lol.

AniviaBtc

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Quote from: Astvile on November 22, 2019, 06:41:56 PM

China may have contributed in this cryptocrash but they are not to be blamed.
There are still a lot of big factors that may cause this crash. Fud news will be number 1 factor for sure. Why do people always blame china when something like this happen?

What do you mean they aren't to be blame? They have a big contribution on destroying bitcoin and crashing it down. China Government are trash because they lead the downward movement of bitcoin. The reason is because they want to create their own cryptocurrency so they continue to make effort in dominating top crypto currency around the world. That's for the sake of money and power.

CryptoBry

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

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.

People are just looking for reasons that is why they considered China, again, as the biggest culprit for the continuing decline of the value of Bitcoin. This is getting to be unfortunate really that the market is allowing wrong perceptions and ideas to be entering the ecosystem but that is what free market for all of us. Of course, China is not really the reason for this bloodbath but what can we do if people are thinking otherwise? Rumors are always flying off the shelves and when a story or perception is sticking to the wall then it can really affect the market, the market that has already been weakened for the past many weeks. Remember that the recent big rise of Bitcoin was attributed to the statement of China's President on the blockchain (not on Bitcoin actually) and this kind of influence is really unnecessary as we should be China-free right now.

Reid

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Why is it always the Chinese who is at fault for every movement of bitcoin in price? Grin

Are they the new owner of the blockchain? Grin

We should really stop this nonsense.
They might have affected the price for a bit but not entirely. As I said, they "might". Not sure. There is a possibility they did not affect it at all.
This is one feature of bitcoin. It jumps into different prices, it just leans on how the market will move.
Do not go way beyond it just because one upcoming strong 3rd world country said something about it.

Murat

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It's not fair at all, Every time when Bitcoin Falls then people instantly started to blame China for this situation but It's not true, Only China can't handle this situation because Bitcoin is not a centralized platform which is controllable, So I think there is no connection with China for this purpose, I also think that in recent time's happening with Bitcoin is a normal scenario regarding this platform, I believe Some of the Big amounts of Bitcoin holders are the main culprit for generating this price ups and downs, Not only that but also they are always manipulating this platform for getting advantages by this flow, In this way, Some people gets confused and gets panicked, so those are either sell their stock at a lot rate or stop trading, that's why this situation occurs very randomly.

fortunecrypto

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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.

Even if they stated that they are not interested in Bitcoin and only on Blockchain, I don't think it will crash the market with this kind of statement, Bitcoin and blockchain go together if I am Chinese I will support my government move to create a new coin but I don't think to dump my Bitcoin because they don't believe on it, by adopting Blockchain, they are also adopting Bitcoin.

carlisle1

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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.

marcous

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This is nothing new, every time there is an increase of Bitcoin price, there is always a FUD that leads to speculation and scenarios so as to make prices go down instantly It is not uncommon for the elite or the whales ready to buy at low prices and then it will bring up good news so as to create FOMO.

blckhawk

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It might be a factor, but it's not the main reason. Personally, I think manipulators are going with the news to strengthen the effect of their manipulation FOMO. With the news coming out, they took advantage to bring the prices down and people would think that the news is responsible for that, even though it's not. I expected these manipulation dumps to happen months before the halving near December.

Astargath

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Quote from: boltz on November 22, 2019, 08:41:28 PM

There are some strong signs coming from China suspending cryptocurrency trading and make it illegal but Bitcoin had some rough weeks over the last months so this is a factor too. If something good does not come from China we will see miners capitulate and this will drag the price down even more so we must stay with an eye on the hash rate as well.

Who knows what the next weeks will bring into the markets but I don't think it will be good news with green candles ...and most likely we will see a 5k$ Bitcoin.

China has already suspended cryptocurrency exchanges and trading platforms in September 2017. This crash only happened because the bears were able to break below $7300 after weeks of downtrend.

Duzter

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Just because there happened something against cryptocurrency people simply relate the market crash or the growth with the same. Here too same seems to be the situation. As of now there is no big news apart from the news coming out of China. I don't completely deny China doesn't have any role in it, what is happening is a combined impact of China's play and the regular pattern of growth.

Topic: Did China really crash Bitcoin again? - page 4. (Read 765 times)