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

till now i think all news about china and ban was fake to make price down and then buy more

This is the most interesting answer and straight to the point.. It was so valid I’m questioning myself not having that kind of mentality towards bitcoin,, I always been attempted to sell my bitcoin if I’ve earned one for my everyday needs.. But hoping someday I could do that in time for me to profit in the future..

A number of reasons have pushed bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from Korea, as well as the conclusion of a debate about the future of the cryptocurrency.

Fifty-six companies around the world and 83 percent of bitcoin miners supported the "Bitcoin Scaling Agreement," according to the Digital Currency Group. The document lays out an upgrade that should increase bitcoin's transaction capacity.

Because of these factors, Aurelien Menant, CEO of Gatecoin, a regulated crytocurrency exchange, said bitcoin could hit $6,000

Dimon used JP authority as simple speculation instrument for more profits

If you are interested, read this post about JP Morgan Chase's purchase of cryptocurrency in Europe. Fourth largest:
https://bitcointalksearch.org/topic/m.22416718

The first two weeks of september faces a huge drop in the price of Bitcoin. The reason behind this drop was the Chinese government regualtion and J.P. Morgans's CEO Jamie Dimon's statement.But the last two week of september has seen some improvement in its price and now price is increasing even at a faster rate. Market has recovered and the holders who took this price drop as an opportunity to buy some more Bitcoins are now enjoying  there profits.

Bitcoin is still in building phase. Bitcoin being global currency still can be affected by news from one country or one person. User base isn't that big. But still the market has improved a lot from before. Market recovered in a month from all that dip. That is indeed a good sign.

In all these series of events, people who were at loss were panic sellers. Most of the hodlers took that all price drop to be as an opportunity to buy and hodl more Bitcoins.

This is u beleviable people have no respect for each other anymore!

yes although China's decline has had a big impact on bitcoin development, but not for now despite China's ban on bitcoin activity on its citizens, but bitcoin still exists and today bitcoin has risen steadily after prices declined for the last few weeks .

We have yet to expect more and more negative news like this to come up in the future, it is inevitable for their to be some road blocks in the journey of Bitcoin. The news about China created quite a stir for the Bitcoin community however it continues to remain strong despite the numerous fake news and negative comments in the past month. Despite this, the price is now increasing and I believe that it will continue to do so.

Yeah, his excuse is hes getting death threats again which he might be but hes using it as an excuse. In some strange way in his head i think he thinks he is helping everyone but he still withholds information and puts blame eslewhere but him when its clear he was wrong on many occasions.

I don't care what will happen this september, because i am always optimistic that bitcoin will soar.
September will pass, bitcoin has recovered by showing a positive value.
I have no predictions, because i am just following the reality of what is happening now and in the future.

Haha really? I didn't know about that. So in short Mark's stance is like: I'm responsible for the loss of your money, but I'm done with working on getting them back. I have my cat to take care of and some prostitutes to visit, you're on your own! What a jerk.

I don't think that a useless comment of JP Morgan really affects the price of bitcoin. It is just a coincidence that China decided to regulate exchange after he gave that statement. He is not too charismatic for creating such an impact like that.

What happened to Bitcoin and the whole cryptocurrency market in September would go down in the Bitcoin history as one of the most highlights in the course of its life. There had been many news both bad and good in November and we were finally dealt with the ban by China which put some chaos into the market. Bitcoin would have conquered the 5K level had it not been for the bad news emanating from China and the market reaction to worthless statements coming from the man named as the Demon of JPChase.

Bitcoin is growing together with altcoins. When a new coin is released, it will be traded with Bitcoin first. More altcoins more usage of Bitcoins, altcoins market grow Bitcoin follow that grow. It's not just that, but Bitcoin is strong. Ether have a good chance to surpass Bitcoin.

Also just happened in the last few days in the mtgox creditors meeting which everyone waited 6 months for. The results = money has still not been paid out and we now have to wait until march 2018 for another meeting. Mark K have been active on reddit about the case but has now told everyone he will no longer contribute.

Did you write this piece? It's so insightful!  
Those damn Chinese traitors, all they left behind is a pile of steaming dump! Fortunately, our fortunes have recovered, there's nothing to worry about.
That's why we don't use google translator, OP. It's good only to some extent.


Did you even read it? It's gibberish written by an illiterate moron. Also everything is in bold for some reason.

We are in the 145B marketcap again. The biggest that we got so far is around 150-160B if I'm not mistaken. So 200B is not far fetch.


I also don't think the Elections could have caused the government to suddenly made a U-turn on bitcoin. It has a deeper reason and I can speculate that it has something to do in their financial system or political.


Yes, expect a wave of attacks on bitcoin because its really gaining more popular. Wolf of Wallstreet is another personality that has recently bash bitcoin. So more to come. What important is that we should not be affected by them because we all know what bitcoin can bring to all of us.

The one that really affected by the banning of ICO's and the sebsequent shutting down of their local exchanges is the bitcoin community in China. Not us.

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.