Why Bitcoin Nosedived - page 2. | Bitcointalksearch.org

forkchain

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Quote from: criptogoon on September 29, 2017, 01:47:40 PM

Quote from: TheFirstOfHisName on September 15, 2017, 04:10:24 AM

Because of banning or rumours about banning of Bitcoin and/or Bitcoin Exchanges in and by China. China is around 25% of the Bitcoinmarket and most of the Chinese are rumoured to panicsell for lower prices because they are afraid of the ban having an even more devastating affect on the price.

I agree. But it's scary that BitCoin depends so much on one government.

Bitcoin is not scary if you are talking it scary then you are doing wrong because it can let you do everything because bitcoin is decentralized bitcoin can change your life because bitcoin having ability.

criptogoon

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Quote from: TheFirstOfHisName on September 15, 2017, 04:10:24 AM

Because of banning or rumours about banning of Bitcoin and/or Bitcoin Exchanges in and by China. China is around 25% of the Bitcoinmarket and most of the Chinese are rumoured to panicsell for lower prices because they are afraid of the ban having an even more devastating affect on the price.

I agree. But it's scary that BitCoin depends so much on one government.

casinolize.com

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the price started to stabilize now. hope it moves upward soon

mr.relax

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Coins cannot be regulated by goverments, they are regulated by the protocol.
Goverments can only regulate the exchanges (Fiat)or to alesser degree paymentsystems.
Not-fiat-exchanges anyway will pop up decentralised and are also not regulatable.
And the world is huge. There will always be countries that allow almost unregulated exchange fiat/crrypto

China is simply stupid as it looses a huge market that exists anyway

casinolize.com

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may be in future china will regulate the coins i think

Skyborn

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It was pretty scary seeing bitcoin take such a steep nose dive so quickly. I better get used to it. It was because of china banning certain ico's etc.

btcdevil

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Quote from: Cookies_N_Cream on September 15, 2017, 01:25:39 PM

Quote from: AleSergio on September 15, 2017, 07:33:18 AM

If you will just look on a chart of bitcoin, you will see that its price always drops, when it reaches its high peak, after some time it recovers back and gains more

This is what I believe too. I think those rumors and issues about China banning ICOs and exchangers and JP Morgan's statement only gave us the opportunity to buy BTC at a lowest price as I am sure it'll rebound after a couple of days from now and hopefully break the $5k mark soon.

Actually this all rumours and fud was done to cover their short position which they have done it from low, china just banned the ICO but rumoured that exchanges are also closing so the china public and weak hands started to sell what ever price they see. And now their short position is covered now they will pump the bitcoin to its new high very soon.

Cookies_N_Cream

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Quote from: AleSergio on September 15, 2017, 07:33:18 AM

If you will just look on a chart of bitcoin, you will see that its price always drops, when it reaches its high peak, after some time it recovers back and gains more

This is what I believe too. I think those rumors and issues about China banning ICOs and exchangers and JP Morgan's statement only gave us the opportunity to buy BTC at a lowest price as I am sure it'll rebound after a couple of days from now and hopefully break the $5k mark soon.

Imam_Dj

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Because of banning or rumours about banning of Bitcoin and/or Bitcoin Exchanges in and by China

casinolize.com

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Yeah bitcoin's price will increase after few months. The recent hike was very quick. So the the price fell down quickly. I would say this as a correction. After few months, gradually the price will increase. Now i guess the price will touch 1500 USD or even lesser in the next few days.

AleSergio

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BuyAnyLight - Blockchain LED Marketplace

If you will just look on a chart of bitcoin, you will see that its price always drops, when it reaches its high peak, after some time it recovers back and gains more

Lenzie

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For campaign management, please pm me.

Well they are all right that is because of issues. Mainly when china banned Tokens and now they are creating there own. China ia manipulating the 75 percent holders both huge and small holders. Then comes Dimon of JP Morgan giving a perfect finale blow on the bitcoin value. Now what? Every whales are taking advantage of all the panic sell going on around.

Quote from: Kemarit on September 15, 2017, 06:57:53 AM

If by chance Chinese exchange become operational again, we may see the price go up and recover so buy it while it is still cheap.

Exactly just let us keep our composure and continue buying while all are low.

MostHigh

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Yes it will definately go high once again. BTC is a de centralized currency and what ever happen or any news that looks to threaten a major player in that effect downplay into the whole currency and that is exactly what happened when the Chinese government decided to ban ICOs. People cashed out because they were a bit worried.

2fresh

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Quote from: Potent on September 15, 2017, 06:52:41 AM

Quote from: onpages on September 15, 2017, 04:26:05 AM

China is manipulating BTC prices so they can buy BTCs for cheap.
but this is also an opportunity for us to be able to buy BTC with cheap price. I am sure the end of this year BTC prices will rise to $ 5-7K

More bad news is coming for BTC. for example first day of November.
No hope for backing to $4000

If this was true, and they really wanted to buy "low".
Why not take more extreme measures? Why not ban btc for example? They could definitely get the price a lot lower.

Kemarit

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Quote from: mr.relax on September 15, 2017, 06:45:05 AM

Now its official:
All Chinese exchanges will be closed now.
https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/

Quote

According to both leaked documents and statements from local exchange executives, issued on condition of anonymity, China’s regulators have now issued verbal directives indicating how they expect the businesses to wind down operations due to the fact that they are operating domestically without a formal license.

I think you have to read between the lines. Its say they are operating without a formal license. The way I see things, if Chinese government laid the groundwork and enforce tighter regulations and local trading platform comply and apply for a license, then they can go back and up again and be operational lets say in a couple of months. But then again the damaged has been done and its irreversible as we are seeing the price nose dived to ~$3000. I think the trend will continue, but this is a better opportunity to get bitcoin will its low and cheap. If by chance Chinese exchange become operational again, we may see the price go up and recover so buy it while it is still cheap.

qiman

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I look at this as a buyer's market soon. The markets react to any news that may sound a little negative and a correction was due. Also too much new money came into BTC and most of these noobs were traditional mlm and marketing noobs who just wanted to make a quick buck and they also sold at the first opportunity as they are not the long term holding types.

Potent

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Quote from: onpages on September 15, 2017, 04:26:05 AM

China is manipulating BTC prices so they can buy BTCs for cheap.
but this is also an opportunity for us to be able to buy BTC with cheap price. I am sure the end of this year BTC prices will rise to $ 5-7K

More bad news is coming for BTC. for example first day of November.
No hope for backing to $4000

mr.relax

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Now its official:
All Chinese exchanges will be closed now.
https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/

piebeyb

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yes, you just have to sit down to see how they buy media, buy when the time comes to pick up some bitcoin from their bag, at least you need to wait 1 to 3 weeks ahead.

mr.relax

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Quote from: bamboylee on September 15, 2017, 04:40:11 AM

Quote from: mr.relax on September 15, 2017, 04:36:52 AM

ViaBTC another huge Chinese exchange and mining pool will stop the exchange but not the pool.
True its not only rumours...

Any link to support this?

https://www.viabtc.com/announcement/detail?id=11

The statement of JPMorgan was a simple bullshit.
If I would be a bank I would also do everything to destroy crypto because it kills my business.
Actually banks are fraud and classic fiat is the biggest bubble ever existed on earth.

Time to buy BTC cheap now.

Topic: Why Bitcoin Nosedived - page 2. (Read 1790 times)