We have all seen that the slightest rumours, cause massive ripples in the Bitcoin markets. China is one of the latest examples : The People's
Bank of China (PBOC) is visiting with the top three Chinese exchanges and assessing the company's operations. This sparked a panic frenzy
amounts Chinese people, who bought Bitcoin and they started dumping coins by the dozens.
How do we turn a bad situation into a good situation? Well this should be obvious by now, but let me explain to the people who do not get it.
A lot of people are saying China is monopolizing Bitcoin, either through mining or by owning the majority of the bitcoins being mined. So it
should be clear by now, what the simple solution to that must be. BUY MORE COINS.
After most of these mini dumps, we see a dramatic drop in the price and then later a correction, after things cooled down. Why should we not
buy back these coins at a discounted price, when they become availlable? If we really believe that prices will go to the Moon, then these
cheaper coins should be plucked out of circulation at all cost.
One day, we will look back at these opportunities to buy cheap coins, and we will kick ourselves for not seizing the opportunity to buy them.
Bank of China (PBOC) is visiting with the top three Chinese exchanges and assessing the company's operations. This sparked a panic frenzy
amounts Chinese people, who bought Bitcoin and they started dumping coins by the dozens.
How do we turn a bad situation into a good situation? Well this should be obvious by now, but let me explain to the people who do not get it.
A lot of people are saying China is monopolizing Bitcoin, either through mining or by owning the majority of the bitcoins being mined. So it
should be clear by now, what the simple solution to that must be. BUY MORE COINS.
After most of these mini dumps, we see a dramatic drop in the price and then later a correction, after things cooled down. Why should we not
buy back these coins at a discounted price, when they become availlable? If we really believe that prices will go to the Moon, then these
cheaper coins should be plucked out of circulation at all cost.
One day, we will look back at these opportunities to buy cheap coins, and we will kick ourselves for not seizing the opportunity to buy them.
Everytime there has been a dip and I bought, I always ended up making money. But for this to keep happening, we need constant growth. Thus far this is the case, as long as the price sits above around 500 and stabilizes there, we are good to go if we keep growing.
Of course the question is: what would happen if china bans bitcoin for real?
They will not ban Bitcoin, but they will regulate it properly to prevent capital flight. So you will see strict regulations being applied to these
exchanges, like we have with all the KYC/AML regulations in some countries. The Bitcoin price will drop in China, because these exchanges
have not been operating properly. { faking trade volumes, or so they say } but the rest of the world will still operate as usual. It is good to
hear that some people are seizing the opportunity to buy bitcoins when the price drop like this.
