Topic: Today, Bitcoin dump ? - page 5. (Read 4593 times)

i hope bitcoin community not to get bad impact because of china banned bitcoin but yes, yesterday there are panic selling from people in the market not just in poloniex, bittrex, in china market, i see people selling their bitcoin because of that news. i think if china really banning bitcoin, then people which have bitcoin and lived in china will searching solution so they can still use bitcoin.

It seems already to be going up again. I think, it gives us good opportunities for short term investments and quick not big profit

keep calm dude, it's happen because there are issue in china will ban crypto exchange, it make chines investor and trader panic, but it just an issue. not really happen

Don't you think this is something usual on bitcoin and other crypto currency?. You'll not see a green candle everytime dude, there's also a red. And you're right, this time bitcoin about to fall. If you're doing long term, you'll keep calm on this situation, except you're doing a day trading, I thougt you've a bad entry point, that's why you're confused. I suggest to provide more money to buy more in the dips. and keep hold, never think to cut loss your bitcoin.

There are countries that already have. China already ban quite a bit of cryptocurrency usage anlong with quite a few other asian countries. Bans mainly exist for money laundering purposes but countries like China want to try to promote and increase the value of their native currency.

If there was a full out ban on cryptocurrenceis, then large amoounts of companies would either have to shutdown or relocate. Companies like BW, Bitmain, btc.com would all have to relocate.

Since there was the banning from china government the price has not been stabilize and it got worse with the issue of closing exchanger, but just hold your bitcoin steadily, the price will still go up, I have encountered this situation for a lot of time and bitcoin will and still doing fine

I am really surprised how much the BTC price seems to be dependent on China and other Asian countries. Brief negative news and the price drops quite a lot. What would happen, if a country decides to ban crypto currencies?

Dump and pump it's going back up!

The only thing to do is be prepared for everything, place your bet to 'sell' or 'buy'.
If you're among of true holders and can wait for months or years, don't let this news bother you.
Because mostly seems like FUD trying to bait panic sellers to dump their bitcoin, so the whales could purchase another cheaper coins before it rise again.

As far as I'm concirned, I was feeling really panic a week ago when we faced with a price drop. And now we have the same again. It gives a hope that after weekends price will go up

I have no idea for this case but I think it's normal cause coin market dump and pump everyday or maybe everyhour so I think we no need to worry about it. Maybe tommorrow bitcoin will get back to 4k5 . Beside I heard some news about ICO banned in China, maybe it's the main reason for this dump

It always happened on bitcoins that the value will go down but suddenly it will go up very high, nothing to worry. Some big investors make it dumb so that they can buy more bitcoins in low price. After that you can see big pump on bitcoins. This is for my own opinion.

curb this enthusiasm. until this clears up definitely. if china really is out of the market, the price is going way more south than ths. if this is a rumor, then yes, we may regain 5k, but it will be a more cautious uptrend, hopefully, essentially more organic growth then what we just saw. I see it trying to deadcat a little bit, we are in the first bounce last time i checked. this keeps up, the next bounce will put us under 4k. lets hope someone with authority clears this up before people continue to go full retard.

edit: we are just now entering the second bounce. im holding nubits, so, interested to see where this settles out. nubits tend to uptrend disproportionately when bitcoin downtrends

it is an ordinary thing for bitcoin to dump and pump dip then rise ..
i think one of the main reason now is that china thing shutdown the BTc in their country and holding those account with bitcoin .. many investors are push to give back the money back tooo ...
but its ok as many country now is backing up the bitcoin ... you will see the hype sooner or later ... ill bet on bitcoin to have 6000usd per btc before the month ends ... so wake me up when september ends i think .. i already invested on btc ...

According to MarketWatch, People's Bank of China (PBOC) in 2011 said:


This is $6.9-$7.7M per official.  The PBOC asked for help from Western governments to stop this.


Instead of helping, Canada and Australia provided resident visas to the Chinese if they brought over a certain amount of money.  The Chinese bought thousands of expensive houses.  Real estate is a multi-billion dollar money laundering scheme.

In 2012, the Wall Street Journal explains how the Chinese accelerated this money laundering (with the help of Western governments).  The situation has gotten so bad, that the Chinese government is taking matters into its own hands:


Yes, the U.S. government also aids and abets in money laundering.  All other types of money laundering pales in comparison.  When the government tells you that cryptos needed to be regulated to stop money laundering, their mantra is "do as I say, not as I do".

THE US also offers Green cards to any Chinese investor that invest 500k and creates ten jobs for two years.

China and the West are the biggest money launderers in the world.

The Chinese people have been laundering money out to buy real estate in the West for decades.

Several years ago, China's central bank asked Western governments to help stop this.  Instead of helping, Western governments such as Canada and Australia, aided and abetted the money laundering, by offering visas to any Chinese who brings over $X.

Banning crypto exchanges is probably another attempt by the Chinese government to stop this money laundering.

When Western governments tell you that they want to regulate cryptos with AML, they probably want to stop outflow only, not inflow of money.

I highly doubt the rumors are true. This is classic FUD, the likes of which were also used in 2014 to manipulate the price of BTC. Here's one example that turned out to be 100% false:


Then, like now, there was never any official announcement made. The government never did anything. We are all running around like chickens with their heads cut off, all because of a Caixin article with no sources!

I hope they lose some credibility as a news source after this.

This is more then fake news from China.   Bitcoin at this time is not useable as a real currency.   There are very few markets where it can be used like a dollar to buy a cup of coffer or gallon of gas.   Outside of it being a speculative investment, to use it the gateway exchanges are the place of conversion to local currency when something needs to be purchased.   Those exchanges are going to face regulation and they must accept regulation or crypto will be nothing but a black market type of money.

There is a long way to go to get this stuff into the main stream and governments must be onboard.  When the US Government gets this all figured out, they will swoop down.  Capital gains taxes will come due as soon as they require the exchanges to report conversions in and out.   Don't be fooled into thinking that the US Government isn't going to get involved in this.  Don't underestimate the power of the US Congress.  Governments are going to get their cut one way or another.   They can make thing very difficult.

I see positives for bitcoin but not if the US Government goes on a full time attack.   I have no interest is making my living in the black market.  The US and China need to be able to generate reasonable regulation or we get nothing but illegal activity which is not what we need.

The price seems fluctuating and today it's a drastic fall compared to the drop in price that happened few days back. In a single day the price has fallen more than $350. This won't continue for long as the recovery of price is expected in a short time after dump causing a price pumping. Today the entire list of digital currencies were experiencing the same issue.