Topic: Storm is coming - big one? (Read 1832 times)
I sniff something with these Chinese and binance "tussle " and reaching a conclusion would either mean downwards or bullish trend on bitcoin..
i think storm has been passed. and we will make crypto currency great again. 
China is a very big player and as everyone knows there is a lot of "new" money in BTC and crypto space. in the bigining of the year we saw BTC breaking 1000$. So for now there could be a lot of week hands dumping on china news. Maybe a good buy oportunity?
I will agree to what you have said. I will take this dumping as good opportunity for buying more Bitcoins at fewer prices. I think this is all the game played by Chinese so that they can own a significant number of Bitcoins in the market at time when everyone else is getting panic and selling their Bitcoins.For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
There is always two different kind of investors the smart type and the emotional type. Smart investors are those who are always calmed even in this situation and look as it in a different perspective. Like it is decreasing but they're happy to it for the reason they buy more. But emotional investor are those who decided for what they feel is right without studying the market chart itself. It is more prone in losing.
Smarter are those who never let any opportunity go. Like me
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
There is always two different kind of investors the smart type and the emotional type. Smart investors are those who are always calmed even in this situation and look as it in a different perspective. Like it is decreasing but they're happy to it for the reason they buy more. But emotional investor are those who decided for what they feel is right without studying the market chart itself. It is more prone in losing.
Yep, 90% are emotional traders/investors (maybe even more on crypto markets) and they don't have exactly strategy of what they will do for each possible scenario.
Because of these investors and traders, I often observe panic in the chat rooms. It annoys me. These people have come to the crypto currency and therefore must understand that this is associated with greater risks
who cant carry pressure should avoid the trading business, its better for them to look for another venue of investment.
Exactly, emotions can be good when you can handle it. In most times those good players on market are those who conquers those treats. Experienced can teach them the right way on dealing with it. I'm guilty on that when I'm new and mostly have passed those stage on they're trading career. It is in nature that human beings have emotional tendency and we can't take it out easily.
lucky for me I had changed all coin to usdt and wait
Well be careful, USDT is not properly backed by dollars, and can be sold down to worthless levels. You'd have been better off buying bitcoin, transferring it to a cold wallet and holding.
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
There is always two different kind of investors the smart type and the emotional type. Smart investors are those who are always calmed even in this situation and look as it in a different perspective. Like it is decreasing but they're happy to it for the reason they buy more. But emotional investor are those who decided for what they feel is right without studying the market chart itself. It is more prone in losing.
Yep, 90% are emotional traders/investors (maybe even more on crypto markets) and they don't have exactly strategy of what they will do for each possible scenario.
Because of these investors and traders, I often observe panic in the chat rooms. It annoys me. These people have come to the crypto currency and therefore must understand that this is associated with greater risks
who cant carry pressure should avoid the trading business, its better for them to look for another venue of investment.
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
There is always two different kind of investors the smart type and the emotional type. Smart investors are those who are always calmed even in this situation and look as it in a different perspective. Like it is decreasing but they're happy to it for the reason they buy more. But emotional investor are those who decided for what they feel is right without studying the market chart itself. It is more prone in losing.
Yep, 90% are emotional traders/investors (maybe even more on crypto markets) and they don't have exactly strategy of what they will do for each possible scenario.
Because of these investors and traders, I often observe panic in the chat rooms. It annoys me. These people have come to the crypto currency and therefore must understand that this is associated with greater risks
Binance in not a major trading site. Bitcoin just showed that FUD spreader news like this won't succeed. Big one? Hahahaha
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
There is always two different kind of investors the smart type and the emotional type. Smart investors are those who are always calmed even in this situation and look as it in a different perspective. Like it is decreasing but they're happy to it for the reason they buy more. But emotional investor are those who decided for what they feel is right without studying the market chart itself. It is more prone in losing.
Yep, 90% are emotional traders/investors (maybe even more on crypto markets) and they don't have exactly strategy of what they will do for each possible scenario.
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
Well this strategy actually work provided if the correction does not takes place for a big amount. Say you keep buying and prices keep falling then after certain point you wont have money when it has reached the low. So i generally buy once and then wait till the rise again starts to happen and then start buying back again.
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
There is always two different kind of investors the smart type and the emotional type. Smart investors are those who are always calmed even in this situation and look as it in a different perspective. Like it is decreasing but they're happy to it for the reason they buy more. But emotional investor are those who decided for what they feel is right without studying the market chart itself. It is more prone in losing.
There is nothing to fear in this situation. However, I have sold all of my bitcoin for usdt. I have prepared for this situation for more than a week. Right now, I can easily collect more cheap bitcoin. I hope that the price will be dumped to $3500. It will be a great price for whales to buy more bitcoin. Everything is set up by whales. You need to remember that
Well hopefully they do it soon. I was saving my btcs for a more than a month now to be withdrawn next for some important expenses. The timing of this debacle isn't really that convenient for me and hopefully btc rebounds quick or i'm screwed
They don't want to be exchange which have low prices because of Chinese people sells
For me if another price drop happen i will add more coins. Corrections and pullbacks are normal since there are negative new about a stock/coin that you are buying. If you are investing and trading then you should know how to take control and get an advantage to people who are fearful.
there are many different rumors these day in china, the old BTC holders are not afraid of this , they can trading on exchange out of china. not a big deal
Exactly this is a kind of false belief spreading all the FuD to make bitcoins dump as the main reason of doing all of this. Im slightly new a months ago but i learn trading and by some researching and reading This is all a nonsense thing and trying to push people to sell their bitcoins.So, this is one of that way by the haters. It is just a dump, like any other we may see on price charts. So just be patient, it will go away.
lucky for me I had changed all coin to usdt and wait
There is nothing to fear in this situation. However, I have sold all of my bitcoin for usdt. I have prepared for this situation for more than a week. Right now, I can easily collect more cheap bitcoin. I hope that the price will be dumped to $3500. It will be a great price for whales to buy more bitcoin. Everything is set up by whales. You need to remember that
Well hopefully they do it soon. I was saving my btcs for a more than a month now to be withdrawn next for some important expenses. The timing of this debacle isn't really that convenient for me and hopefully btc rebounds quick or i'm screwed
I'm a bit surprised by the massive drop in value of BTC and most other crypto. Total market cap of crypto as a whole dropped from almost $180 billion on the 2nd of this month to a 'mere' $118 billion today. Now, the fact that crypto is currently in bad weather in China isn't entirely responsible for this massive drop, as this began on september the 2nd and the whole China thing hit the news a week later. However, the developments in China are probably mostly the cause of the accelerated loss in value of BTC in the last 24 hours. See where the bottom is.
SO after all it seems you are right!
There is nothing to fear in this situation. However, I have sold all of my bitcoin for usdt. I have prepared for this situation for more than a week. Right now, I can easily collect more cheap bitcoin. I hope that the price will be dumped to $3500. It will be a great price for whales to buy more bitcoin. Everything is set up by whales. You need to remember that
Binance has stopped Chinese trading. That is not the same as Chinese government blocking. Bitcoin is still above the $4000 level. Perhaps it will maintain this for a while. Can Chinese investors not use other exchange.
We are dropping as of now and it seems panic selling is really happening.It is just like a domino effect just been said above.Rumors or news do crawl and tense do pass up on investors specially on Chinese.I cant see a Storm though because prices would eventually goes back to rise again for sure.I do only treat this as a normal thing which price do make corrections because of such news.
Is this ban news a real confirmed. I read everywhere its not. Chinese are easy scared and like to do what another do. Its a snowball effect. Selling in panic will makes the price down. That what we have now.
It will be very windy but I mean not a big storm.
It will be very windy but I mean not a big storm.
The thing is that Binance had over 80% of users from western world even when it hasn't blocked Chinese IP, so the fact that Binance banned chinese folks has little to do with BTC going down.
BTC is being overbought for a while now, so that is healthy correction. Nothing can go parabolic without corrections
BTC is being overbought for a while now, so that is healthy correction. Nothing can go parabolic without corrections
Well, chinese news or not. Bitcoin has shown tiredness climbing from 4300 to 4900 from a technical analysis perspective.
Of course, again, we all believe in the very long term BTC will be higher than today. but buying from 3000 or 4000 makes quite a bit of difference.
Of course, again, we all believe in the very long term BTC will be higher than today. but buying from 3000 or 4000 makes quite a bit of difference.
Binance has stopped Chinese trading. That is not the same as Chinese government blocking. Bitcoin is still above the $4000 level. Perhaps it will maintain this for a while. Can Chinese investors not use other exchange.
On the contrary, on a average from different trading platforms, bitcoin is trading at $38xx so the dumping of the Chinese still continues. I believed that we are in the eye of the storm currency, but as I see it we can withstand this storm and this is just temporary. Once this storm has left we can see the sun once again. I don't know if Chinese traders can go outside of China to trade. Maybe they can use VPN to get away with the i.p. address issue. But for us non-Chinese, this is a perfect time to buy cheap bitcoins. So let's hodl and not panic but preferably get bitcoin now while its price is low.
Binance has stopped Chinese trading. That is not the same as Chinese government blocking. Bitcoin is still above the $4000 level. Perhaps it will maintain this for a while. Can Chinese investors not use other exchange.
there are many different rumors these day in china, the old BTC holders are not afraid of this , they can trading on exchange out of china. not a big deal
Exactly this is a kind of false belief spreading all the FuD to make bitcoins dump as the main reason of doing all of this. Im slightly new a months ago but i learn trading and by some researching and reading This is all a nonsense thing and trying to push people to sell their bitcoins.
oh ! Great whales have really function here to collected BTC in cheaper price
there are many different rumors these day in china, the old BTC holders are not afraid of this , they can trading on exchange out of china. not a big deal
just small storm, people and the bitcoin users will get used to it. the chinese themselves doesn't ban bitcoin so they can just keep their activity on their locals or else, buy a vpn to access foreigh exchanges.
just a normal thing to happen though, the exchange above maybe don't want to take a risk by allowing chinese people to trade there. just to make sure.
just a normal thing to happen though, the exchange above maybe don't want to take a risk by allowing chinese people to trade there. just to make sure.
Guys, my opinion is, don't buy and don't hold anymore.
IT's a falling knife and a correction trend is confirmed.
Stay safe!!
IT's a falling knife and a correction trend is confirmed.
Stay safe!!
Binance has banned Chinese IP address from trading on their platform.
For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
If you think that bitcoin is a crypto currency traded majority by a single nation and the recent price rise is not from any factors from the Chinese market and you still think that a ban could tank the price of bitcoin which is highly unlikely but what will be the expected price you feel like it might go down,then we could discuss further regarding the long term effects of this ban.For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
Well, I think the argument is, supply and price is not linearly related. 10% supply dump can cause 50% price drop. Hence the question is, what is the effect in the short term to short medium term.
In the long term, of course I believe we all think it is going to rise to higher than $4K, otherwise I guess we won't be here? That's biased sampling.
Binance has banned Chinese IP address from trading on their platform.
https://www.cryptocoinsnews.com/ico-ban-bitcoin-exchange-binance-restricts-chinese-access/
For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
But i don't sure the chinese will try to avoid by trade in crypto currency, Because like what was happened with the US citizen and they are trying to bypass the ban ip through use the 3rd partt software such as socks 5 and something like that. https://www.cryptocoinsnews.com/ico-ban-bitcoin-exchange-binance-restricts-chinese-access/
For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
I think they are just taking measures to protect themselves. Who knows what news will come out of China next? I think there will be more negative news. As we have seen in the past, China can affect the price of Bitcoin in a big way, but it's only a temporary thing. Cryptocurrencies are around for good now in one form or another. Just make sure we don't let the "FEDcoin" take over :p
Binance has banned Chinese IP address from trading on their platform.
For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
If you think that bitcoin is a crypto currency traded majority by a single nation and the recent price rise is not from any factors from the Chinese market and you still think that a ban could tank the price of bitcoin which is highly unlikely but what will be the expected price you feel like it might go down,then we could discuss further regarding the long term effects of this ban. For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
China is a very big player and as everyone knows there is a lot of "new" money in BTC and crypto space. in the bigining of the year we saw BTC breaking 1000$. So for now there could be a lot of week hands dumping on china news. Maybe a good buy oportunity?
But if normal chinese citizens are banned from buying bitcoin through online exchange, it will be an extremely bad news in the short term at least.
China is a very big player and as everyone knows there is a lot of "new" money in BTC and crypto space. in the bigining of the year we saw BTC breaking 1000$. So for now there could be a lot of week hands dumping on china news. Maybe a good buy oportunity?
Was "Binance" the main trading forum for Chinese cryptocurrency traders? It could be a case of Chinese authorities cracking down on a message board outside of their control, so somebody within China could capitalize on the income rather than changes to the law.
Binance is an actual exchange, a legitimate BTC platform business.
I have used them until yesetdray when I have sold all my binance coins.
Was "Binance" the main trading forum for Chinese cryptocurrency traders? It could be a case of Chinese authorities cracking down on a message board outside of their control, so somebody within China could capitalize on the income rather than changes to the law.
Binance has banned Chinese IP address from trading on their platform.
https://www.cryptocoinsnews.com/ico-ban-bitcoin-exchange-binance-restricts-chinese-access/
For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
https://www.cryptocoinsnews.com/ico-ban-bitcoin-exchange-binance-restricts-chinese-access/
For those of you who do not know binance, it was originally launched to target the Chinese audience and had a very high NEO trading volume before ICO was banned in China.
Right now Chinese BTC holders are liquidating their portfolio in the fastest pace ever, price differential between Chinese and non Chinese exchanges is reaching more than 15%.
BTC will most likely tank when Monday people are back to their computers and start looking at news.
Binance move has also most likely signalled an eventual release of Chinese confirmed news of banning online BTC chinese exchange.
Watch out everyone.
Stay safe!
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