Bitcoin Forum

Can anyone tell me what is happening to Bitcoin? BTC price from 4660 dropped 4k1 and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.

https://cointelegraph.com/news/breaking-bitcoin-altcoin-prices-tumble-up-to-25-on-china-exchange-ban-rumors

Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation.

Bitcoin's price fell 7 percent Friday following the news, according to Coindesk market data.

same thing as always, it is going up and down. up and down.
then FUD hits and the down becomes bigger. then recovers.
then up an down. up and down.
then a HYPE comes and the up becomes bigger.
....

where did you bring 4k1 (whatever that means!!!)
the lowest it went were:
4227 @bitstamp
4260 @coinbase
4211 @bitfinex

it is the panic sell.
is it your first time with bitcoin? because this is not the first panic sell. we just had one exactly 5 days ago!
another one last month on 22nd of August
another one 2 months ago on 16th of July

and hundreds and hundreds more!

I am also confused about bitcoin crash. It's going down and down. the alts is also red. I don't know what to do now. ???

You do nothing as always. Bitcoins you've sold will never grow, no matter how long you wait.

Can somebody post a working link to the article about China rumors?

A 10-20% daily swing in price isn't any cause for concern. Even a 50% swing isn't really anything special, not with the kind of rapid growth it's had of late.

A crash is if it falls back to what it was not long ago, to the $500 range.

perhaps because chinese government will ban exchanges in china

Maybe this is normal for a crypto currency, but it's very unpleasant to watch your capital thaw)
But I am optimistic and confident that very soon the price will go up again

It dumped because of China fake news about Bitcoin Ban. It happened in 2014 and now they are doing it again. IT is a hoax. Don't fall for it. Don't give your Bitcoins to them.

So you are in a worry right now because like you said you are not calm. How much more if the price if the bitcoin price crashed at $2,000 what will you do now lol.

Rather than looking at the technical aspects why the price decreases today, try to learn the meaning of volatility or should I say the bitcoin price behaviour. Didn't you know that price decrease is giving us an opportunity to make again another rounds of buying. Also what you must look when you are holding bitcoin is "LONG TERM GOALS" and this price decrease can be recovered. Remember the recent price decrease just days ago? Take it as reference.

Keep holding your Bitcoin. As an investor, you should expect for risks like this. But everything's assured that it will eventually increase again. Maybe it is because of the hardfork that will happen in the month of November. Fluctuations on its demand and market value are innevitable. There's nothing to worry, things like this is part of Bitcoin's volatility.

There are rumours that Chinese authorities shut down local Chinese exchanges. I do not know whether this also holds to Hong Kong based exchanges. If so it could hit major exchanges like Bittrex.

if you draw conclusions will be pumped, yes buy to invest.
but if you are very doubtful. it's better to hold it and recalculate it.
I can only monitor developments

Yeap as previously said we have entered such type of the market at the moment, when bitcoin pumps and dumps regulary it will last approx. week or two.
After it we will see a huge HYPE and bitcoin will reach 5000$

Looks like the bleeding may have stopped. Bitcoin back up to 4.3k

Yes, this what really drove the price to dive today. Its only Chinese exchanges though and not Asian countries. Its really the news the comes from China that impacted the price negatively. We have just recovered from their ICO banning news last Monday and now this. They are really clamping on bitcoin now. I do not know what drove them to be anti-bitcoin, though majority of the mining farms are located in their country.

The reporter at Caixin news said China is going to ban Fiat to Bitcoin exchange, based on their own sources.
So yes, it is unconfirmed report aka fake news.

But it is highly likely it will happen in future. The 4th September announcement Clause 3 did mention China is going to regulate the exchanges strongly. China is against money laundering, not Bitcoin. So anything can happen.

http://finance.caixin.com/2017-09-08/101142797.html
The first comment, a Chinese said "This is fake news, anyone can publish a news with 100 Yuan bought from Taobao."
Another user commented: "I lost 30,000 Yuan today because of this shit news".

It looks like it's planned, or the massive sell off happened coincidently. But fluctuation of just $400 is perfectly normal for Bitcoin on any day. :D

I wish so much that it was just fake news, but it's very real.

I get it... you, and others probably have a good amount invested in BTC, and so want to restore people's confidence no matter what it takes.  But that's selfish and could be damaging to other people.  Honesty is in everyones best interest so that we can make educated decisions and to when to buy, sell, and hold.

I had a feeling this surprising recovering didn't have very strong legs to stand on.  And I wasn't the only one.  I hope to God I'm wrong and pleasantly surprised, and that 41-4200 was the low water mark.  But I don't think we're out of the woods quite yet.

I don't understand why china will go against bitcoin as to prohibiting bitcoin exchangers in china. That country rely so much with digital payment and most people there are widely using cyptocurrencies. One thing they should do is just regulate exchangers and don't ban it.

This should not really be a worry. Almost all the cryptocurrencies dropped in value and are already picking back up. In fact those dips were the best time to buy for those of us who are trading. This happened after a fake news was released about China shutting down all exchanges which was later announced it wasn't right. This is normal in every market and cryptocurrency market isn't any different.

That could be the case... that much is at least certain.  The outright ban isn't etched in stone yet, but it has been penciled in let's say. 

a lot of bad news circulated a few days. china forbids ico and it affects the exchange rate of bitcoin and all coins. even new today changer in china close their booth. and increasingly makes the bitcoin price drop dramatically. and reportedly again about malaysia which he said follow in the footsteps of china. but not to worry this all must have passed.

I think the problem of China with exchanges isn't the exchanges or Crypto-Currency itself, they want to have control over every business and everyone on their country. If the exchanges pay tribute to the government or if the exchanges belong to the government there isn't problem at all. Seems China is the first experience of a country government trying to have control over Crypto-Currency, we can observe it and watch the consequences.

It was really quite a surprise news from China. As we all know that they are bitcoin friendly. But in just 5 days, two negative news coming from them is no good for the market. I see news that they are not totally banning ICO but will put regulations instead. So I think they should do this for the local exchanges there as well. Let's see if they are going to change their decisions.

Thanks for the information that you have provided in this article. I still worry about BTC will dump in the future, there is so much information detrimental to BTC from China. I hope not to dump BTC below $ 4000, so I pray.

4000 is still very high. If china fud persist, it can go much lower than that. But of course there is an upside to that. You can buy cheaper bitcoin when that happens.

To OP, just hold tight. This is just a manipulation to shake off weak hands. Hold on your bitcoin, it will recover very soon.

Bitcoin is a rollercoaster ride, you can always make money if you know how to ride it, either it's going up or down people are making money as long as you don't focus too much on the FUD

when I read this news had a part of the text that made me laugh and I decided to copy and paste here:


" Prices had recovered through this week after the impact of China’s ICO ban waned in record time.

From lows of $4008 Monday, Bitcoin regained all its lost ground, only to lose half of it once again as of press time. "


hahahaha

it seems that the journalist who wrote this article was disappointed with the price of bitcoin

We can't avoid that mate things are possible but never to worry just keep your coins in hand never to do some panics let the fluctuations moves and make those pressure be felt by the weak holders, think of bitcoin as an asset that you can hold for future gains.

Fake news.  It seems to be recovering back pretty fast.

I feel the things with what you say.
big doubts, want to buy the fear of getting down. this is confusing.

For some ignorant assed reason, bitcoin always reacts when China reacts, despite the actual news (this is more an ETH issue by the looks of it). the enthusiasm is always enough lately that the dips get brought back up, usually beyond previous levels. people need to actually read the news, and do diligence on the source, and the information they are trying to disseminate (use multiple sources). Im wondering if its smart to buy the delisted tokens, as eventually, unless eth keeps going down they should recover.

China timed this in a very interesting way, I must say ;)

In the last episode of "China bans bitcoin........"

The same old story, China bans bitcoin or something related to bitcoin, whales sell, people panic sell, whales buy, China does not ban anything, price rise up, rinse and repeat.

I wouldn't call this a dump yet. A drop of a 400 is only around 10% which isn't a huge drop compared to the big increases we've had lately. If the price drops below $3000 I might just start to get a little worried, but we aren't there yet.

Even then, I would see it as a good time to buy more Bitcoins at a cheaper price. I think the price will still keep rising over time.

Bitcoin price always dump but it not long time. btc price regularly increase. i saw first btc when it price 600$ and regularly i see it price up and up dump some time for short time. i tell don't anyone don't worry for btc dump. if you time buy btc when price is some low you buy btc and hold for profit. always i tell don't worry about btc price. it's price up and up.

You should buy more as we are currently in the deep. The bad and fake news from China this morning cause the price dump. If you have been following cryptocurrency markets then you should know that  this people always bring panic into bitcoin and others cryptocurrency markets in other to manipulate coin price and most times do this to proved that Chinese is still in control of the market. The exchangers has deny ever received such directive from governments.

Well you have a point a good opportunity to buy more btc. Actually this is the normal happen in btc market the dump and pump price. And yes there is a panic selling happen with regards to the news of China. But for me I believe the price will recover even with the little dump happen.

ICO ban is actually not that bad idea. I agree that it is a bit extreme move but in the end it will be the best option for old coins like Bitcoin.
When people will realize that ICO fast money schemes are no longer an option they will face all attention to Bitcoin.
This will effectively strengthen Bitcoin's position - traders instead of ICO will buy BTC/LTC/BCH/ETH

Tomorrow morning they will buy your coins at cheaper prices, while the west still sleeps....

Don't be scared
This is the natural casualty of Bitcoin
Hopefully it will be okay within a few days

China regulates their capital outflow very tightly.
The big cities have achieved 100% cashless via Wechat Pay and Alipay. Both transaction are fast, convenient, going through banks which is regulated, a win-win for everyone.

Bitcoin is obviously not regulated and bypassing the banks, and they're figuring out how.
Just like Didi Chuxing (China's Uber) was illegal until China outlines the law that regulates car hailing service.

China wants to be the leader of technology and blockchain, they WILL lift the ban on ICO and regulate exchanges in future, it's only a matter of when.

hold first. I think this is normal and still safe. situations like this I think are only temporary and will definitely return to normal within a few hours or days.

The price is already bouncing back now after just one week. I think it is not going to crash because it did not yet reach $5,000 and everyone wants to say Bitcoin reached $5,000. I think it will go $6,000-7,000 before crashing. :)

This entire week ,the market is reacting to the news coming out of China,first they banned ICO's and the market crashed and now they are after exchanges and so is the reason the price dipped today,these sort of news could make a huge impact in the market and people will panic sell their coins,so if you are looking for a good profit,hold on to your coins as the market will recover eventually.

I guess it one of those panic sales, it happens from time to time, and it is nothing to worry about. Price of bitcoin always fluctuate, it is going up and down and up and down again, it is always like that. Unless you are new to bitcoin and do not know this things. I have also heard that China banned local bitcoin exchanges, and i think that is not truth. Most powerful miners are from china, and it won't be that easy to stop them.

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.

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.

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.

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.

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

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".

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 ...

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 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.

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

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

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.

Dump and pump it's going back up!

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?

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

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.

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.

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

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

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.

So this is the one causing the price significantly, they are just planning and yet the price is dropping on all coins in the market, what more if they implement that Ban this is not good I hope they scrap the plan.

Trex is based in china??? That's news to me. Did you maybe mean Bitmex? Or that the US could follow suit?

Even if china going to shut down their local exchanges i dont think that will affect much as now other country have started to buy in bitcoins and lot of exchanges are going good, so no more china fud this crash is nothing to make panic in traders but nowadays users are taking this crash as buying opportunity. Bitcoin has very bright future.

China recently banned icos which caused a huge dump from 5k all the way back down to 4k and then we started to recover, and we returned back to 4.5k, and then some more bad news related to china happened.

China is planning to shut down all bitcoin exchanges and the Chinese are most likely dumping their money.

I'm not as experienced as some of these other posters. I've only seen 4 or 5 major corrections/crashes during my time in bitcoin and every time it scares the living hell out of me. Every time I worry that this drop is different, the bubble finally burst, that a repeat of 2014/2015 is coming, etc. and it always recovers. Interestingly, I'm told that is a very common worry among inexperienced traders in all markets; that the market will crash and not recover. Settle down, breathe deep, it will all work out just fine.

My advice to you would be no different than many others you've heard: It's normal and all part of this game. Hold. Look at it as a buying opportunity.

Interesting side-note: I actually found this forum while trying to locate a place to express my concerns and seek reassurances during a crash just like you. My first post was very similar to this. It was considerably more dramatic than yours. I was going for funny, think I came off as whiny.

I think it is still because of the news regarding bitcoin being banned in China and people are still panic selling. We just need to see what will happen because bitcoin's price going up and down is just the normal thing that happens everyday.

As an investor, you should expect for risks like this, good times bring you many profits. Instead of questions you try to understand the meaning of bitcoin price fluctuations. Didn't you know that price decrease is giving us an opportunity to make again another rounds of buying. Also what you must look when you are holding bitcoin is long term goals and this price decrease can be recovered. Remember the recent price decrease just days ago, take it as reference, everything's assured that it will eventually increase again. There's nothing to worry, things like this is part of Bitcoin's volatility.

Take the approach to price as any other stock investor: Do the due diligence, come to a firm conclusion on the value of your investment and then buy low, sell high. If you don't believe in the tech and value of bitcoin, then every price drop will scare the hell out of you.

This latest price drop was due to another "ban crypto" attempt from China. The question is, given the technology, can anyone truely control a distributed cryptocurrency? Then you will understand why each drop has been temporary and the bounce comes in really quick. Money is still coming in from fundamental investors who are buying low with a view of selling high.

So you will need to shape your persective of your own investing philospohy and then you will understand why these price drop scare you so much.

Not  really.  China has a middle class consisting of roughly 3 billion strong.  Think about that for a second... that's nearly half the worlds population.  Jobs from other countries are being shipped there daily.  Jobs that are easily taxable, unlike cryptocurrency.  They also hoard God knows how much gold... they refuse to report the amount, but everyone knows it's massive.

They will be the worlds next economic superpower, this is inevitable.  Sorry to say, but they don't need this (BTC).

It's so much more than that.  They're not the only country considering regulating it at least if not outright bans, just the most impactful.  Many people also believe the value of BTC is a bubble right now that could burst at some point.  Then there's uncertainty over Segwit and the hard fork that's likely to come this time.

This really isn't a prudent time to buy.  I wouldn't keep all my eggs in one basket.  Maybe keep 50% in long term, and the other half flexible.  Personally I'd wait until the smoke clears from all the current uncertainty before getting back in.  In the past this would be a good time to re-invest, but things are very different now.

It is always not new in cryptocurrency world about the pumps and dumps even though how high and low the price is. You better keep calm and buy Bitcoins on its dip. ;D You earn nothing if you panic. If you want good return of income you better invest in Bitcoin when the price goes down that is what most traders do. If only I had the capital to buy some Bitcoins I would probably  grab the opportunity to buy some in every price drop.

The collapse of bitcoins is a result of the chinese goverment's plan to halt the operation of the chinese exchanger. So many holders of bitcoins in china are selling their Bitcoins. So it will continue to hold holders in different countries to secure the money they hold today. And if it continues, it's likely that a big percentage will be dropped by bitcoins. But we pray that it will not continue. because many people and Altcoins are affected

Its normal that every currency are increasing and suddenly decreasing any cryptocurrency and even fiat money, their value is not steady. There are so many times that bitcoin's price dropped that big but regains it's value again and grow so much bigger, it's normal because it is a currency. Don't let your emotions dictate what to do, don't give up your bitcoin that easy it's value will grow again soon. Be positive and trust bitcoin.

Don't worry if there is a dump in bitcoin because that is pretty normal for this kind of currency or investment that we are dealing and for me it is not a bad thing if there is a dump because it is another opportunity for me to buy back because i always sell bitcoin when the price was higher than my bought price and buy back when there is a dump.

month by month this is what happening in bitcoin so better to think is to invest now this is the time and dont be nervous this is the cycle of bitcoin here,i only know bitcoin this may only i experience this,this drop is so little only in the month of july this year bitcoin drop by half and im luck that i invest in that time never think negative because the price of bitcoin is volatile if you here in bitcoin no one know the future here so better is do hardwork here like join in campaign,trading and faucet do this all while bitcoin is here

yeah, considering china likes to control everything, they will not like bitcoin, since they can't tax it, I agree with that. One of these days, they may actually ban it for real.

Well, China banned only the ICO as they accuse this as an intentional fraud, but not bitcoin. But thinking that China will be just like Russia, like they banned crypto currency but later on they see its potential and remove the ban. And now Russia has a huge mining company and wants to dominate the crypto world.

that is the issue for all these foreign news, they are all lies.
Russia has never banned anything! you can not find any evidence of it online and if you ask a Russian who actually lives there he can approve this. but when you read stuff online in English news sites, they all are full of bullshit and lies! and apparently everyone is too lazy to check the facts. they just trust a news site like cryptocoinnews for example and the rest copy paste it.

AFAIK chinese government shut down local crypto currency exchange because many of Chinese people unfortunately invest their money on scam ICO, it's affect on local economy. But Chinese didn't ban mining bitcoin, eth, etc (fortunately)

It is most probably because of China, it holds the largest volume of bitcoin and its government planned to ban crypto currency transactions especially in ICO campaigns. This greatly affects the price of bitcoin but don't worry, my prediction is that this circumstances will lead to panic buying of bitcoin and will again increase the price and value of bitcoin when the supply decreases.

Bitcoin is traded in an open market and since it is then it is subject to the mood of the market and whenever there is something that seems to be a bad news that can affect Bitcoin the market can go down. That is what is happening right now with Bitcoin -- news from China seem to be the gauge of its ups and downs.

The market is placing a big importance on China though in terms of trading volume it is already Japan which is leading the pack . In fact, maybe it is about time that we disconnect cryptocurrency from China as we can go on without that "rogue" country which has its own agenda.

it's not because the dump is just a momentary decrease , if bitcoin is in dump then the drop is not small like that in my experience the dump is very fast and down very far , the smallest dump it is 200% to over 1000% could be more , do not worry too anyway keeping your trade sir .

First, no reason for you to get confuse. Even though the price value of bitcoin was dumped you should not panic. Instead, you should buy bitcoin, because its an opportunity for us to buy it, due to in the end it will rise up again the value. So, you must hold you coins okay. Don't let your emotions control you.

BTC broke 3800, so is likely to drop to 3400 and then to gain altitude and break records

Bitcoin dumped,Because of china fake news about it ban.They are doing it again happened in 2014.Don't felling tension.

It was felt by everyone that China was spreading rumors as well as FUD'ing about banning their local exchanges' trade operations, but it turned out to be true when one of the top three exchanges of China, BTCChina declared today that they will be stopping all their trading operations on 30th September which shook the whole market and made Bitcoins drop below 3500 for the first time since August 22. This is a question of worry that if a major part of the Bitcoin's ecosystem stops trading it, how deep will the drop be?

Its not dump just because of rumor china its values goes down. Some people said its fake but most of people said its real news. They start the trend first on 2014 and now they start this drama again. If you have Btc just hold it until it go up. One thing is for sure that bitcoin price can not remain for low. It will rise for sure. 

I don't worry to much about btc price.
We had several bad news last a few days (China, Morgan etc.) and some people started to panic and sell their bitcoin.
Because of it, btc price went down but it's only temporarily.
I think that we have many people who are waiting for cheap bitcoin and then they will begin to buy, in order to sell later for higher price and earn profit.

As of now the price of was falling down and do not worry too much because there is a chance that the price of bitcoin will recover. In addition to that, there are lot of reason why bitcoin dumped and we all know that it always happen and just believe that the price of bitcoin will rise up again.

I think this is another trap for Bitcoin bumping. some people have gone afraid of its price and already sold their valuable Bitcoin at a low price so that the market is experiencing this type of situation. but I strongly believe that if anybody holds his or her BTC for some days then he or she will gain huge profit. I can say that Bitcoin will reach again above 4k USD.

I still have this strong felling that bitcoin will be back to normal before December 2017 with high price of 5k and above. So you all should calm down .

Keep telling yourself it is a trap. Back to $2673 if we break support in the next 72-96 hours. We sold everything @ $4400. Place your bets...  :D

A couple months ago, the United States SEC stated that virtual currencies were financial securities and subject to the laws of the SEC. If the SEC agrees with JP Morgan that bitcoin is a pyramid scheme, it would make virtual currencies illegal in the United States. Do you feel bitcoin prices would still go higher if that happened?

Well, for those who are experienced in bitcoin this is a great opportunity. Those who are panicking because of this are helping those who are wise enough to hold. It would be a great time to buy bitcoin because of those who are panicking. Bitcoin price would be cheap and a month later it would recover again. It happened a lot in the recent years, I don't know why people don't learn.

My usually nice luck...invest some in crypto>>>next day China ban cryptos..no chanche to re-see btc over 4k right? :(

It'll be back...
Once the value goes below $3000 it'll start to be pumped back up by people wanting to invest in the new price (which is about half of waht it used to be).

If china goes any further, then that means that all of thosecompanies will relocate and may change to occupy multiple countries and offer a better decentralisation to the network (so it might not be so bad).

This is not a correction. Just Chinese investors trying to secure their funds but local exchanges over there gets banned. Just keep on holding what you have bought. I know its hard to see the price fall, but don't let your emotions play with you.

This is just a normal thing to happen on a great investment, there will be a time that most people with weak hands are going to sell out their shares, in this case their bitcoins. We all know that bitcoin's value is volatile and as of now, it is giving us an early christmas gift, having the value now lower than 4000 usd, more and more people are still expected to sell out their bitcoins and will just go with the flow. When china banned ICOs , the value of bitcoin went down, then a word from jpmorgan, it is so clear that this will surely cause panic, but this happened already before, history is just repeating itself again, so we need to learn from it. At times like this, real investors will come out, and will buy more coins for sure, if the community has bought a lot of coins and there came a time that there is scarcity, bitcoin's value will sure be worth a fortune, since bitcoin is the future, and we need to grab it now, before it is late, i am sure we all had regrets before by not buying bitcoins, and niw that it is becoming a bargain, i think we arr being given a second chance, since for sure, a lot of countries will learm their lesson from china and think up of ways on how the government can regulate bitcoin or at least gain some profit from it. We should all be aware of the saying that if you go down, there is no other way but up, and that is also true with bitcoin, we may all be shocked in the coming years, on what value it will give us.

Just because with the today's drop you drop your believes in bitcoin? So what's more if price will reached $1,000, will you suffered a heart attack?

Relax and calm. It's good to see that we are still on 4 digits value rather than going back again to $500. Just continue your normal activity in bitcoin and just watch on it's progress.

Just keep calm , it will go up again.

Don't fall so easily under your emotions. I know that some users bought bitcoins at the highest price and now they are disappointed and beleive they have lost their money, but have patience and get used to situation like this, this is not the last one. Some beleived bitcoin price will rise forever but don't forget there are occasional dumps too.

We are all watching this, you don't have to worry more. It is not totally the indication that all cryptocurrencies will gone, sometimes it might happen just like before.
Probably China could have change in rules and regulation of bicoin in their country, since China is having a large numbers of money changers that could probably affect the sudden dump of bitcoin price and others. But it could be back to normal when bitcoin ban is lifted.

yes I hope dump soon finish and bitcoin can recovery to the price of $ 4000, I will not sell bitcoin because I'm sure this trend is coming to an end and the price will skyrocket again.

Yes dont let your emotions to do panic and selling all your holdings that may results into lose all your investment. This is the normal market of bitcoin that price is cheap and expensive.  But lets hope that this is not the end of btc because I believe value will rise.

This was an alarming scenario because of the big and fast drop due to some issues and reasons within bitcoin that made the price rate dump into action. It will be best if we just stay calm because it had happen on the past and the bitcoin has recovered from that scenario. We just need to believe on bitcoin's capacity to grow and regain what it have dump.

Considering its value (which is around $2500 - $3000) before August 1, that $500 price drop doesn't really hurt. The drop on btc value today is highly due to the correction on part of the traders. This means that traders are now selling their bitcoins which results to what we call MASS SELLING or closely related to PANIC SELLING.

In the law of supply and demand, if the supply of a product/service is high and the demand is low, the tendency is that the price of that product/service will fall. The reason why we are experiencing a drop in bitcoin price today is explained by that. Probably, there are no high demand of bitcoin (I mean, there's no enough buyers out there) as of now, so bitcoin price drops.

And tomorrow Bitcoin pumps. If not tomorrow, it's very lileky that we will be seeing a price recovery before the end of the week.

Recovery is sure to happen and this dump is never going to happen for a long time. I seen many times of bitcoin pumps and dumps and most of the time, price recovery is longer than the price dump. When the price dump is happening it only happens for a week and in the past I don't know if the price of bitcoin fall for a long period of time, but this is for sure it will recover.

It is really sad to know that bitcoin is dump. Almost 60k $ has been decreased. But I'm still hoping that bitcoin will reach its highest level such as 300k $ after this year. So don't be worried and everything will be fined.

The reason the market plunges now is that of trades closing down in China. see that status https://twitter.com/YourBTCC
China government ban ICO likewise this influences the cost of Bitcoin yet don't stress, Bitcoin will again increment and recuperation his esteem

That is to assume that this is just an issue. When we want to go to the real thing, let's go to if China banned cryptocurrencies exchanges. We all know that the Chinese is a big part of this industry, one of the biggest whales are there, regarding to the decision in October this already resulted in panic selling and dumping of coins and this is not good.

If China will ban BTC then I think the price might go down below 2000$ and this will be a year long because we are waiting for this to recover( the good thing is that Russia is so open in this ) so the best options here is hold our horses and not just depend on Chinese in the coming years and waiting for the cryptocurrencies to recover.
This is hard but we must overcome this ( one of BTC holders here ).

that's right, bitcoin prices will soon rise though not much but will be stable again maybe the range of 56 millions.
this is just my prediction ;)

I for one will be buying in at this low.

*Yawn*

Wake me when it hits $3k

We'll hit $3k by the end of tomorrow. Don't forget the weekend dump is coming too! $2700 by Sunday is my guess.

Im just months in joining cryptoworld and really find this drop in bitcoin worrying. That was almost $500 drop in less than a month. For a moment I thought it was the end of bitcoin and I was thinking how unfortunate I am joining bitcoin when it was a sinking ship. Then I started to read news in the past about bitcoin dump and read in the threads in forums and finally see that this is not the first time this happened. In fact, there are numerous times but if you look bitcoin rate now and compare it last year, even with those so called dumps, it is still holding on today. So I think its still good to invest in bitcoin, but do not invest in what you can't afford to lose.

I think I need a break from this forum, its getting so hum drum. Buy the news sell the rumour, add some FUD and dabble in FOMO.... The good news for seasoned investors is, at times like this, just wait for the weak hands to panic sell and buy up all you can on the dip.

How many threads are there.... price up, "its heading to $5000", price down...... "why the dump?".

If the market corrects another 10%.... good times for the buyers.

XXX

Yeah I might take a break from this forum too. Seeing all the FUD and panic is really stressful, especially that the FUD is coming from irrational individuals.

I'll definitely hodling and will buy more BTC if it goes below $3000.

But for now, it may be time to watch a movie and just enjoy the weekend. Just relax guys, we will moon again.

It's a panic selling in crypto world.. Good chance for new investors and also buy more Bitcoin at the cheap rate soon it will be going up.... China is also a main cause of bitcoin dump but I think soon it will be recover.

The dumped still on its way down maybe we need to be prepared if the value falls up to  2500$ its not impossible since rumors and news about closure of exchange from China still got a lots of traders to panic and sell their holding it's not a good time to play now just assess and wait for some good rebound.

you are right, the next few days are really tense, see bitcoin prices and all coins dropped dramatically, I will also buy if bitcoin prices up to the low point

First reason is China exits the exchange sites And another reason is J.P.Morgan.
He declared Bitcoin as a fraud.
I do not know what happen next, Just wait and see. Hope BTC can Overcome this poky situation.

Welcome to the internet.

Maybe some are worried about the price of bitcoin now but, on the other hand, some are enjoying it because they can finally buy more bitcoin because it is now at very affordable price.

For me, it's my time to hold and if there's a spare money to buy bitcoin i will surely buy some for in the next few days it will back to the normal price.

Welcome to the world of Bitcoin.  Old timer here does not worry much about this bitcoin price dip.  They find it an opportunity to buy more and increase their stash.  Remember Bitcoin enter this year at around $1k  and the current price is still far from reaching that price again.  I guess this will end once whale is done with their accumulation :).  You will see price will skyrocket back to where it is once whale signaled the end of accumulation phase.

Just remember what Bitcoin did after hitting $1000 the first time, now we see a correction after it hits $5000. Nothing is strange.

Dear,
BTC now dumping. recent price 3346$.
no prob it always up and down.
So i think just hold on, it's must be pump.
today or tomorrow. it's a one kind of altcoin nature.  

It can go even down, here we find a lot of threads who are making panic. Please wait for a week and see the rates since this is not a new thing for Bitcoin dropping prices.

Bitcoin is dying all because of the negative news coming from China that Bitcoin exchanges will be banned from doing business in there...and in fact there is already one exchange that announced of their closure in advanced of a pronouncement from the government on the matter.

Now, the big question is this: Should the whole Bitcoin community allow all of these development to massacre Bitcoin continually until it would be floored into $1 in value? Or should we not unite around Bitcoin and show the world that we can have one voice in not allowing any government to determine the course of cryptocurrency?

Unfortunately, the whole Bitcoin community can also be in panic.

Just like what you've read about the news that china banned ICO of tokens, that is why bitcoin's price is affected. Many people sold their tokens because they don't want to lose more profits, they did panic selling resulting to this scenario. But we all know that after this, bitcoin's price will PUMP again and we are going to have another ATH price of bitcoin.

I'm just going to hold my bitcoins though, I don't want to panic because there is no reason to panic, it is just normal scenario, but I know this issue will be solved as soon as possible.

Just wondering what's happening. I've been reading some comments here and it shows the price dropping of BTC.

Is it the final sign for me to invest in bitcoin because of the low price, i am more being serious of thinking about investing.

You are right! You should buy some while it's low because it will be going up again 100%. And down again too, but they're becoming less intense.

It's like a good time to buy bitcoin if you ask me. But dumping it? That's a big NO! Just give it some time and bitcoin will rise up again.

If you believe in Bitcoin, then buy now in the dip. It's what, still up 400% year to date. Show me another investment like that. Ride out the storm.

Yes the bitcoins are falling down. And that's because people continue to sell their bitcoins. And that's called panic selling. For that reason they do not want to lower the value of their bitcoins and prevent the gradual loss of their money. That is why it has a huge impact on the price of bitcoins

to me i also think that it is the best time to buy bitcoin in present time, in fact bitcoin price is currently dump may be a little more, but for sure it will start increasing again and therefore it is better to buy bitcoin in present price and then hold it for next few months, i am sure that at the end of this year the price of bitcoin will be trading above 8000$ therefore i think it is will be the best option to buy bitcoin in current price and hopefully we will get a good profit.

I think its because of  bannning ICO in china because we all know there are so many investors in chaina so its a big loss to bitcoin because the investors cant invdst now.

Panic seller = speculator, because they do not know they are become the food for whales and big boy earn profit. However, I do not care them, really I love them because if do not have them on the market, I never have chance buy Bitcoin with cheap price again like now.

Just believe in bitcoin that’s the spirit needed for every investor if prices go down don’t be disappointed after some days this will go up and you will get what you want so don’t be panic at all and wait and hold to sale at high. In past this also happen but this does not mean that it is dump it’s just matter of time wait and then enjoys.

Terribly amusing idea. Obviously not a scam.  I will inquire more.