Guys, this time it's extremely serious! - page 2.

2double0

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Quote from: xFiber on September 16, 2017, 05:27:34 AM

Always take statements like this with a big grain of salt. This is how China does things. And even if there comes a ban on exchanges it will only be temporary because China clearly recognizes the value bitcoin ( and crypto in general) brings to the table. They probably already have a hidden agenda on this matter. It's only a matter of time, relax.

But I have noticed one thing after all these ban dramas from China that the effect China used to have over markets has been reduced to such an extent that now nobody gives a damn about seeing what's China doing. It was their time but now, whenever China sells, US buys. Wink

Investors in China are reported to be "shifting" their funds out of those exchanges to off-shore exchanges in order to keep using BTC and trading it. Chinese Government got terrified and was scared whether this technology would snatch away the power and emphasis that they have over their economy and are now trying to manipulate everything, but they have become unsuccessful this time.

xFiber

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Always take statements like this with a big grain of salt. This is how China does things. And even if there comes a ban on exchanges it will only be temporary because China clearly recognizes the value bitcoin ( and crypto in general) brings to the table. They probably already have a hidden agenda on this matter. It's only a matter of time, relax.

btcprospecter

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★777Coin.com★ Fun BTC Casino!

We should not be worried about what is happening like anything prices will change if anything this is an opportunity for people with big investment capital to swoop in and buy while low. Alot of big players missed out on the big bitcoin wave and as such other altcoin have profited from this. We as a community just have to sit back and watch to see what happens from here.

warningsigns

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This is painful reading. And the tumbling fluctuating prices are a painful sight to behold.

Imagine having 1000 bitcoins on your wallet. From $4800 to $3200 = $1600 x 1000 = a $1.6 million loss. For those who can't intelligently foresee a recovery, this would be a real reason for panic and even a nervous breakdown. Just imagine losing that much within a day.

It's hard to hold on to bitcoins and hoard them, while hoping for the price to one day jump to an astronomical figure. Then you get these steep dives which have an extreme effect on one's confidence and trust in the core things you believe in life. Like being resolute and stubbornly bearish in times of turmoil. Like being a strong believer in gaining by taking risks. Like trying to fight those inner fears caused by all the what-ifs flooding in one's mind when you see the rate falling right before your disbelieving eyes.

Investing in bitcoins is truly serious stuff. Like stock markets, you could lose everything you saved and worked hard for within a day.

Happy to see the market recover. A very welcome development.

crismass1225

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Quote from: perryswoman on September 14, 2017, 04:13:33 PM

So what is the possibility US bans it?

as in my opinion, US will not that head-turner that they will ban bitcoin and other exchange, money are circulating the economy and market so does money circulating bitcoin. Plus US is one big country in able to do it the country will spend billions of dollar to ban bitcoin and other crypto and they will face Wall street investors. In my estimate the possibility that US ban bitcoin are 1% as it is one of fastest and big investment.

Ops No news as of now that government shutting down exchange as owners and businessman and investors are still negotiating about the regulation announced by the government.

elbimbo012

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Are we seeing price reversal now? Support at $3k was not able to break down and resistance at $3.8k was trying to hit and almost touching $3.9k can this rally be sustsined and bring the btc price at $4k level? does this show that uncertainty and fear in china's announvement of banning cryptocurrency is over? Congrats to those who bought at lessthan $3.2k and for those who sold at a loss well that's life in trading market. Sometimes market react opposite on what you where expected Sad

XinXan

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Quote from: monkeybars on September 15, 2017, 10:03:52 AM

I think this is good for bitcoin and bitcoin community. If the price goes up again this will mean that BTC doesn't need chinese traders that much. So next time if anything like this happens the fall won't be so dramatic.
I would say it is "immunisation" for bitcoin.

It's going up now, I don't know how much that will last because It will probably go back down very quickly, I personally sold and I'm waiting to buy again, probably at around 3000$ because I think that's where is heading again but we will see.

Lauren Smith

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People worry iber not. Bitcoin will recover and of already is. This is an opportunity to make money stop seeing it as a bad thing. It really isn't. This is just the nature of Bitcoin and trading. People who can't handle it really shoybe here. People who sold a little while ago now have regret and have lost money.

monkeybars

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I think this is good for bitcoin and bitcoin community. If the price goes up again this will mean that BTC doesn't need chinese traders that much. So next time if anything like this happens the fall won't be so dramatic.
I would say it is "immunisation" for bitcoin.

Hamphser

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Quote from: Yatsan on September 15, 2017, 09:20:00 AM

Quote from: XinXan on September 15, 2017, 09:06:21 AM

It's just another bubble burst. It happens every time and we don't need bad news for china to happen. People always overreact, we are still at 3400$, remember that not long ago we were below 1000$ and a few years ago bitcoin was at 300$

It's going to bounce up as usual. Yes, this is a big hit but you can always benefit from it.

Yeah, learn from the past experience. In my experience I panic sell when the bitcoin or trusted altcoin dump but it only takes weeks worst is months to recover and that creates for a big loss, But now I learned from it but as long as \I didn't need the money I didn't sell my bitcoins.

Regret does really comes after because we cant regret before on making such decision.Panic selling is commonly happening specially on this price decrease either on bitcoin or on altcoin.This China news does really give impact on Bitcoins price which we are crawling back again on 3k price again and comes worst we go back on 2k price again but i do see that this regulation would be just temporary remembering on the previous ban they just already re-enable it again.

llhibionada

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Quote from: Anrewbit on September 14, 2017, 10:30:05 PM

"This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country."

I agree with this but the only thing make me worried if the countries of the ( euro,Dollar,Yen,yuan) together start making a serious regulation for bitcoin exchange . otherwise china banning it is like harvey & Irma whatever the crashing causes by the banning ,it will go
& the market will be up again,,,,,,,, people trust bitcoin more than any other currency

Totally and theres no such thing or reliable news that China is permanently banning Bitcoin Exchanges. Also people should take note that this had happened before with China but it was just temporarily so just HODL and dont be such a worrier

Dangerous_Mind

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Think what will happen when China regulates btc...

Yatsan

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Quote from: XinXan on September 15, 2017, 09:06:21 AM

It's just another bubble burst. It happens every time and we don't need bad news for china to happen. People always overreact, we are still at 3400$, remember that not long ago we were below 1000$ and a few years ago bitcoin was at 300$

It's going to bounce up as usual. Yes, this is a big hit but you can always benefit from it.

Yeah, learn from the past experience. In my experience I panic sell when the bitcoin or trusted altcoin dump but it only takes weeks worst is months to recover and that creates for a big loss, But now I learned from it but as long as \I didn't need the money I didn't sell my bitcoins.

XinXan

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Activity: 1064

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It's just another bubble burst. It happens every time and we don't need bad news for china to happen. People always overreact, we are still at 3400$, remember that not long ago we were below 1000$ and a few years ago bitcoin was at 300$

It's going to bounce up as usual. Yes, this is a big hit but you can always benefit from it.

elbimbo012

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Quote from: Taras on September 14, 2017, 10:39:32 PM

Everyone is overreacting, but I can't complain because I'm excited to get coins cheaper than they've been in... let me check... a few weeks!! It's been a few weeks since we've seen prices this low. That was such an incredibly long time ago...

Exactly this is a good opportunity for long term investor to buy btc at the lowest price as possible. Btc deep price is not only cause by china annonuning of banning cryptocurrency but several factors that combined together such as profit taking after a huge break out, btc price correction and over hype of china's announcement and uncertainty of investor. Uncertainty for btc is always there it will stabilize the price in the long run but we don't know when. Only time can tell. For me this is an opportunity for the investor to shell out some cash and invest in a long term. Good luck every one

iamTom123

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Quote

There's still a light of hope for everyone because the same guy, Lee said in his own tweet that: "This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country." - https://twitter.com/SatoshiLite/status/908379371571863553

That is exactly the BIG POINT that I am emphasizing here in this forum. Bitcoin is designed in a way that any country can not destroy it...but the problem is that the market is making so many overreaction to any news involving China. So in case China would finally ban Bitcoin exchanges then let it be so we can all move on without China. One country should not be allowed to direct the course of this currency. There are also other markets we have to take care of.

Taras

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Please do not PM me loan requests!

Everyone is overreacting, but I can't complain because I'm excited to get coins cheaper than they've been in... let me check... a few weeks!! It's been a few weeks since we've seen prices this low. That was such an incredibly long time ago...

Anrewbit

newbie

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"This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country."

I agree with this but the only thing make me worried if the countries of the ( euro,Dollar,Yen,yuan) together start making a serious regulation for bitcoin exchange . otherwise china banning it is like harvey & Irma whatever the crashing causes by the banning ,it will go
& the market will be up again,,,,,,,, people trust bitcoin more than any other currency

william8829

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Quote from: ebliever on September 14, 2017, 04:46:18 PM

Quote from: perryswoman on September 14, 2017, 04:13:33 PM

So what is the possibility US bans it?

There's absolutely nothing on the radar on that front, unless you have a very inflated opinion of Jamie Dimon's influence.

Agreed. The response of United States various governing bodies have been very positive. Every new ruling towards regulation will strengthen BTC position as an alternative to fiat currency. It started in 2015 with New York Supreme Court and its Bitlicense ruling. This summer the SEC started regulating Cryptocurrency. If your American your BTC are safe for the foreseeable future.

goinmerry

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So be it as it will happened no matter what.

Price decrease will happened but it doesn't mean a crash. China exchanges plays big role on the price increase factor but we can move forward without them. I think investors there will surely continue to do trades on English exchanges because not all of them are favored to that regulations. Price increase will still happened. It just needs time.

Topic: Guys, this time it's extremely serious! - page 2. (Read 2105 times)