The Problem is 1/3 of BTC Volume is from Chinese.
If we lost this support Bitcoin will Bounce in 200 to 300 Dollar Range
Topic: Why the sudden fall to $700s after stable $900s? - page 2. (Read 2823 times)
Scared Chinese people are pulling their money out of OKC and Huobi in fear of government investigation into the exchanges and exposing fraudulent behavior. The price on OKC and Huobi is now more than $50 below the western exchanges while before it was the other way around. If you believe the Chinese government will not do much except make the exchanges promise them to be good and take a bribe or two then now could be a good time to buy and make some money. 
Well, what if it gets banned in China after the investigations? What will be the implications then? Will we recover?
Yes this is the kind of fear that's making the market drop right now. You feel it don't you? Want to sell your coins right now?
Bitstamp someone are still pushing the price up.. and i think if chinese are selling their bitcoin i hope there is other people are buying more bitcoin just to pushing up the price of bitcoin those chinese they are planning to centralize and they are attracting other to panic sell so if you sell you will just lose..
Go bitstamp traders go push back to $800 value above..
Its just usual that bitcoin will fall from 910$ to 840$ since it is volatile. Right now, it's price on preev is 872$ and no one can predict bitcoin's price a month from now it might rise more or dump but in my opinion it will dump. That's just a wild guess though let's just wait and see what's the future price of bitcoin this will be a good month for bitcoin and it will have a very volatile price thats what im certain of.
Dude it did not fall to 840$, it just hit 787$ only because some news of chinese exchanges about to be investigated. This is price manipulation by whales, or people panic selling because they are fucking pussies and will panic sell at the smallest FUD news. It's ridiculous.
I think with this news we hit the 500 dollar again
Bitstamp is working fine right now, so that's definitely not the reason the price is going down significantly.
I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another.
And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another.
And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
Looks like Huobi is falling to 760s. Has bitcoin been regulated or worse, banned in China? I don't seem to find any news regarding that, except few weeks ago that they wanted to regulate it.
Basically, it's nothing major that is justifying this level of price decrease. It's purely the panic from gamblers as they are pulling back their borrowed money out of fear.
Smart people that have sold their coins above $1000 will now look at the price with great joy. Buying back at least $200 lower is a nice first step. Maybe the price will even sink further.
I don't get it. So until now chinese exchanges weren't collecting any info about theirs users? They were anonymous?
Every western exchange I know is collecting ID, personal info when users is buying/selling more than $XXX amount.
Every western exchange I know is collecting ID, personal info when users is buying/selling more than $XXX amount.
Scared Chinese people are pulling their money out of OKC and Huobi in fear of government investigation into the exchanges and exposing fraudulent behavior. The price on OKC and Huobi is now more than $50 below the western exchanges while before it was the other way around. If you believe the Chinese government will not do much except make the exchanges promise them to be good and take a bribe or two then now could be a good time to buy and make some money.
Well, what if it gets banned in China after the investigations? What will be the implications then? Will we recover?
Yes this is the kind of fear that's making the market drop right now. You feel it don't you? Want to sell your coins right now?
Scared Chinese people are pulling their money out of OKC and Huobi in fear of government investigation into the exchanges and exposing fraudulent behavior. The price on OKC and Huobi is now more than $50 below the western exchanges while before it was the other way around. If you believe the Chinese government will not do much except make the exchanges promise them to be good and take a bribe or two then now could be a good time to buy and make some money.
Well, what if it gets banned in China after the investigations? What will be the implications then? Will we recover?
Scared Chinese people are pulling their money out of OKC and Huobi in fear of government investigation into the exchanges and exposing fraudulent behavior. The price on OKC and Huobi is now more than $50 below the western exchanges while before it was the other way around. If you believe the Chinese government will not do much except make the exchanges promise them to be good and take a bribe or two then now could be a good time to buy and make some money.
It's China.
Here is some more news:
https://pbs.twimg.com/media/C144Te5UcAADppu.jpg:large
Don't know if it is enough to stabalise things.
This is why you should never do pumps boys and girls - it's too eye-catching and you attract the attention of people in power. We'd have been better off with a slow move up, rather than a 30% increase in a month.
Here is some more news:
https://pbs.twimg.com/media/C144Te5UcAADppu.jpg:large
Don't know if it is enough to stabalise things.
This is why you should never do pumps boys and girls - it's too eye-catching and you attract the attention of people in power. We'd have been better off with a slow move up, rather than a 30% increase in a month.
Oh jeez. Looks like majority of Chinese are dumping it now after the news.
It's China.
Here is some more news:
Don't know if it is enough to stabalise things.
This is why you should never do pumps boys and girls - it's too eye-catching and you attract the attention of people in power. We'd have been better off with a slow move up, rather than a 30% increase in a month.
Here is some more news:
Don't know if it is enough to stabalise things.
This is why you should never do pumps boys and girls - it's too eye-catching and you attract the attention of people in power. We'd have been better off with a slow move up, rather than a 30% increase in a month.
Bitstamp is working fine right now, so that's definitely not the reason the price is going down significantly.
I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another.
And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another.
And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
Looks like Huobi is falling to 760s. Has bitcoin been regulated or worse, banned in China? I don't seem to find any news regarding that, except few weeks ago that they wanted to regulate it.
Apparently a few exchanges are going to be investigated..
Lol. Excelent meme out there.
Yeah its what he have said.
http://beijing.pbc.gov.cn/beijing/132005/3233066/index.html
Maybe some panic due to Bitstamp being unavailable for many users ( me included 
) ?
Bitstamp is working fine right now, so that's definitely not the reason the price is going down significantly. ) ?I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another.
And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
Sub $800 here we come...
Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff.
If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff.
If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
Aaand it keeps falling, yea I see sub $800 coming too.
Sub $800 here we come...
Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff.
If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff.
If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
Someone finally woke up from the new years hangover and realized the BTC rally happened.
Not kidding. I feel exactly the same right now
lol
No one knows which direction the market will move! You can ask until you are blue in the face, the price might rise, the price might fall.
It seems now like we had a mini-bubble. The Yuan price was 8900, which is an all time high, and about $1280.
Now the Chinese price has fallen back into line with the USD price, and the mini-bubble has popped. We are back at mid-December prices, remember the price was sub800 early in December, so we are still actually up since then! I am hoping for a continued rise from here, without it bubbling over. Who knows what will happen though.
It seems now like we had a mini-bubble. The Yuan price was 8900, which is an all time high, and about $1280.
Now the Chinese price has fallen back into line with the USD price, and the mini-bubble has popped. We are back at mid-December prices, remember the price was sub800 early in December, so we are still actually up since then! I am hoping for a continued rise from here, without it bubbling over. Who knows what will happen though.
Yea lets hope the same too.
Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ?
Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading. ) ?They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad.
That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming.
Wasn't this the reason for the big drop about a week ago? Maybe he is talking about the smaller decline just recently, after the price was pretty stable around $900 for a day or two.
Did any new news come from China yesterday that I missed?
Maybe what happened was delayed liquidation of large positions in response to this news? But I think this is all over now. Time to gain.
I think aside from this reason, whales wanted to accumulate at lower price, realizing that Bitcoin is still bullish and will probably uptrend soon, the dump is needed to create a panic so sheeps will follow. but I guess it has recover some of its price now @ $870 as of the time while I am writing this reply. But I guess the event is still normal
. This happen several times so no new here. 
Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ?
Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading. ) ?They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad.
That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming.
Wasn't this the reason for the big drop about a week ago? Maybe he is talking about the smaller decline just recently, after the price was pretty stable around $900 for a day or two.
Did any new news come from China yesterday that I missed?
Maybe what happened was delayed liquidation of large positions in response to this news? But I think this is all over now. Time to gain.
I guess people were selling to pocket their profit, since many of them did it a small panic selling may have occurred...
Nothing new
Nothing new
Yes, The price is falling down . Just buy more cheap coins and hold them for 3 months later. I'm waiting for Trump's inauguration on January 21st, 2017. I believe that there will be some hot news about .
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