Everytime bitcoins price crashes, some guys thinks its bad and will start panicking. come one price crash is not always bad in fact it'll be a good time to buy since there is a high
chance of bitcoins price spiking somewhere between december or january next year. I mean if youre here for so long you've been experinced this thing when every year ends and
another one starts. China? yes probably since they are considered whales but they are not the only one so even if we stay here discussing, in the end we can't determine it, we
can just factor things. Just observe the market and look for patternsan and take advantage of the situation
Topic: Do buyers have hand in the bitcoin value decline in China? (Read 229 times)
Buyers are not the problem here! We are all buying but may not be tangible enough to quickly pull it up. Whales on the other hand are market controllers and they have enough funds to control the market movement sometimes in a huge way. You won't miss them on the charts when they are at work.
Bitcoin crashed to a very cheap price on all exchanges, not only on Chinese exchanges. What do you mean by "the buyers has hand in what happen in China"? Bitcoin's price stayed at the $2900-$3200 price range for a good number of hours, so people who were online at those times had a good chance of grabbing cheap bitcoin.
Who is responsible for the price decline? All the FUD that has been spreading at those times; but mainly China's banning of ICOs and exchanges, since some people were probably assuming China would ban bitcoin too(again lul).
Who is responsible for the price decline? All the FUD that has been spreading at those times; but mainly China's banning of ICOs and exchanges, since some people were probably assuming China would ban bitcoin too(again lul).
As far as I believe, there is no rational buyer or investor who will not want to buy bitcoin at a cheaper rate so as to make profit when its value skyrockets. Since the buyers are always looking for cheap coins to buy,don't you think buyers has hand in what happen in China? Bitcoin was sold in China at a cheaper rate and bought by the same people in China. Who then do think is responsible for the bitcoin price decline?
The whales can do this in other to influence the price of bitcoin, and buy cheap and by October or November hardfork to sell at a very high price. Buyers will always buy coins and sellers will always sell coin and this is the cycle of the market. Whales are the one buying or selling coins for the purpose of manipulations and price control in the cryptocurrency markets. The reason for recent price fall are the FUD created by Jamie Dimon comments and China regulatory authority.
As far as I believe, there is no rational buyer or investor who will not want to buy bitcoin at a cheaper rate so as to make profit when its value skyrockets. Since the buyers are always looking for cheap coins to buy,don't you think buyers has hand in what happen in China? Bitcoin was sold in China at a cheaper rate and bought by the same people in China. Who then do think is responsible for the bitcoin price decline?
Jump to: