Topic: Here is a summary of what happened to Bitcoin this September. - page 2. (Read 1296 times)

There will always be negative news like this that may come out and I'm pretty sure that there are more to come in the incoming years. China and J.P Morgan's statements had a big impact because they were both influential, thus the public simply reacted to it.

I'm not so sure as to the reason why China made such statements and I am also not that knowledgeable of the politics and nature of government in their country but from what I know, there are a lot of bitcoin users in that country. The recent events surely has affected them, and even for us who don't live in China.

This are the 2 real reasons which actually have bought a fall in the prices of the bitcoin and now its slowly started to rise as well. But those 2 weeks were bad as people would have done a panic trade and sold out their position considering the fall and after that JPM CEO's statement was another huge factor where calling bitcoin a fraud created more panic among the market.

Elections are not the reason. In China never changes the course of the country. They have a development plan 100 years ahead, and therefore, after the elections there is little that can change. Maybe the Chinese government has decided a portion of its dollar reserves to invest in bitcoin and in order to do it cheaper organized panic.

I guess it is inevitable for this kinds of news to appear or issues that would affect btc. There would always be some bad news regarding btc. China is the main miner in btc and it really affected the price but as i heard that it was temporary until the next election, i guess another price surge if the legislation would change there mine about the banning in China.

I think that people do not understand why China made such loud statements. So I created such a panic. I'm sure the Chinese government decided to force the Chinese to keep their savings in dollars. Thus the Chinese in the country attracts the capital. With the miners to fight no one will. They will sell the mined coins outside of China and to attract dollars into the country. Perhaps these actions are more directed at the increased pressure on the dollar than to fight bitcoin.

Im hoping for a 100 billion marketcap for bitcoin by December 31st 2017. Thats 6000 usd per btc. Also 200 billion plus mark for all cryptocurrencies and heading to 1 trillion by the 2019-2020 

I do not know whether to believe or not with such an issue, even what is happening right now, do not describe it as you are hooting. And I also may not believe too much about such things, I am still always optimistic, in the future that bitcoin will soar in accordance with its popularity.

Nice and short explanation! There are two main factors which ruined the rapture of bitcoin. One is chinese governments anc regulation, the other is jp morgan's officials' negative comments on bitcoin.

We won't let them rule the sector, they can't do whatever they want.

On 02/09/2017, the Market Cap reached $ 81 billion. On this date, the price of $ 4578 came to jump to the price of $ 4975 at the price of the ATH. But two days later, on 04/09/2017, the Bank of China, in cooperation with some Chinese legal institutions, announced the prevention of investment in ICO. With the rapid spread of the news, the Market Cap and the price of the feedstock were so heavily affected that the value of the form fell to $ 12 billion at all levels. As of that date, the price of the protein has dropped to $ 4376, but the decline has not been catastrophic, as some experts have predicted. While some waited for the upside, the latter continued to decline.

After these events and sudden drops, on 15/09/2017, a group of Chinese platforms giant close to the arrest of the service of trading on its platform, calling on users to withdraw their currency before the suspension of service. JPMorgan's director, Jamie Daimon, also said that the Bitcoin is only a monumental process, creating confusion and another wave of panic and dementia.

With all the hype caused by the Chinese government's stance, however, the composition has not been significantly affected, and most of the traitors and the users of the formulations are very mature. We have been able to recover from our short history, even after a while. Many analysts now expect the rise to $ 6,000 or $ 7,000 in the coming months, before the New Year.