The great China scare - it's over. Another page turn in the Book o Bitcoin.
Now I can go back to my sofa.
famous. last. words.
No it is...go back a few pages for the recent discussion.
BTC has shown its resilience, we've had the extremists from both sides proclaim their views but the market is the true indicator. We may go up, we may go down in the short-term but its gonna take more than proclamations from a bunch of Chinese pensioners to destroy BTC.
Enjoy the show.
BTW...will you be sitting any of your A-level economics questions later (...Discuss?) I do enjoy them
I didn't think you literally were talking about Bitcoin surviving, I never thought that was in question. I thought you were saying that this downtrend was over. That's a different story.
Ach, well...a bit of both.
If you believed the cassandras who flooded the speculation forum then this was the beginning of the end. Clearly, BTC is resilient enough to survive an exchange being throttled by a govt...let's face it...if Beijing said "Enough of this capitalist nonsense, we're imposing rules on the Hang Seng" I think it would take the global markets longer than three days to get the wind back in their sails.
The end of the 'downtrend'...well it depends on your perspective....zoom in and we are breaking out of a down swing...zoom out and we are still WAAY above the growth trendline...infact I'd imagine there would be a strong argument that a further correction and stabilsation to around USD500 would be a good thing.
We may go up, we may go down...as they say in Hebrew (I'll have to spell phonetically)...Oo li ken, oo li low "maybe yes, maybe no"
? 
