Bitcoin Forum

Just wondering since I haven't heard anything drastic this time...is this just a normal correction?

there are rumors about china exchanges. thats not a technical correction.
Will gain losts as soon as possible do not worry

See news, in China cryptocurrencies are prohibited for personal use now

Lots of discussion in the bitcoin section of the forum about it already

https://bitcointalk.org/index.php?topic=2161403.0
https://bitcointalk.org/index.php?topic=2161470.0
https://bitcointalk.org/index.php?topic=2161579.0

According to rumors, China is contemplating of shutting down Chinese exchanges.

If this is true, this is probably another attempt by China to stop their people from laundering money out of the country, to buy real estate in Canada, Australia, Europe and U.S.

The last sharp drop in the rate of the Crypto-currency was allegedly caused by the fact that for now, according to unconfirmed information from China, all local exchanges are closed there.

Good to know.  I don't visit the big pond since I am teeny tiny fish ;)  :D

There are rummors that China did ban ICO coins of thier country. wich brings us this red mark on the altcoins on the crypto market. China is one of the BIGGEST adoptors of crypto currency in the whole world. that's explains your question.

random boring fud, just ignore 3 days.

1-Someone in China makes a noise
2-Westerns sale, go sleep
3-China wakes up and brekfast your coins

same trick arranged for the new audiences: 2014 repump https://www.youtube.com/watch?v=Ry6PpRXk0dQ

Spot on :D

Yes, I think we already have seen this film. That's probably just a remake. Every time the news shout that China does something bad against bitcoin & C. prices tank and somebody makes some cheap buy. A few days later, prices are usually up again :)

china banning bitcoin and makes people panic selling, the price is down too far. bitcoin getting down more than 2 times and altcoin can not rise too because of this news. i think some people will get benefits from this because if they have big money, they can buy much of bitcoin because of the price is lower than 2 months ago. maybe the price will be down for more but let we'll see later.

Hey dude  :D China is not banning Bitcoin, China considering to shut down of all their local cryptocurrency exchanges only.
Another regulation another cryptocurrency price fall. :'(

It was the fake news. No exchange will be closed in China.


No exchanges will be shutdown by China.  


"Wrong"  translation into English. Just profit taking and price dumping by some whale group.

https://twitter.com/cnLedger/status/906195967908601856 (https://twitter.com/cnLedger/status/906195967908601856)

"Regarding tonight's rumours, we asked representatives from okc & huobi, they have not received any notice and they're operating normally"   :P :D




P.S: Bitcoin Hero Members trying to manipulate too? Knowing that this is fake news?? Roquene, Jannn?

good if down, we can take advantage of opportunities to make a profit but if we choose the wrong can be even harmful

Whatever China does, cryptocurrencies has come to stay. For me am not worried at all when i see almost all of the cryptocurrency in the red on coinmarketcap. Just like any economic markets, there have to be up and downs in the prices. This a test for alt coins. BTC in december 2013 lost over 50% of it's value basically over night because of China's ban at that time.    Guys its just a TEST and a repeat of HISTORY.

 yes everything is down again. the price of bitcoin is down even if other coins and the price of xrb mrai that i earned in raiblocks captcha typing is goes down. my time and effort is not worth it. this is the time that i over thinking. as a regular people that have nothing but few bitcoin and mrai this is the time that i panic whether i sell it now or hold.

I think the price of yesterday is a temporary increase in stimulus, and the market is red today to prepare for a bigger tsunami, I do not think it will panic because some whales want a temporary price reduction and will take profit in the next 2-3 days. Stay calm and do trading as usual, I think this is not always about negative news from china.

;D What the hell are you thinking dude, how we can manipulate this? ???
Im didnt said that China will close all of local crypto exchanges im said its considering to shut down of all local crypto exchanges.

Its just nothing ,we have seen this dump plenty of time, remember in January ,bitcoin price pump then decreased to a greater extent and now ,it is double of previous price.whales are manipulating it to grab good profit.

A mainstream media outlet in China (Caixin) reported that the Chinese government is looking to shut down the crypto-currency exchanges. But they didn't provided any evidence to support their claim. The exchanges on the other hand have announced that they haven't received any notifications from the government. So it is difficult to tell what is going on there.

just keep calm. I almost think everything will down when panic sell when China block ICO. but now everything recover and become normal

I do not know for sure why cryptocurrency can go down again, but I think it's common in the world of cryptocurrency, it's likely to be back to normal

This is actually a great time to take advantage. Look for potential coins and hold it. Equivalence will go up eventually and that's big profit for all of us.

I just saw a news on yahoo that said China is planning to close all cryptocurrency exchanges. that is why the market is down today.
https://www.yahoo.com/finance/news/bitcoin-drops-report-china-shutter-digital-currency-exchanges-144118701.html

Everything is down because of panic selling. China confirmed the goverment restriction to ICO token. And mined coin is just panic selling. Or maybe people affraid because of the are rumor said that exchanger in china will be shutting down. And they are affraid to that news

there are report said that china will close or shutdown some crypto exchanges in their country, so majority of the traders are panic and FUDding that's why all value was plunged down, but some said the reported news was fake. so there is some manipulation on the market and the whales gaining into top position when the prices recovered.

That should those things to consider many big names will ride on and create more panics we cant avoid such things to happen but believing with this system and just buy and hold those dumped coin is much better than selling your coins and regret after. News is everywhere inside this forum about this issue.

Yes, whenever any potential coin shows dump, it is the best time to grab that coin in large quantity for future purposes. Dumping and pumping are the two important phases of the crypto market and every coin’s life cycle comprises of these two stages only. In short, there is no need to do any panic selling.

If everything turns red it means "buy" time! Yes no kidding. You need to start loving all red candles. It means bull run is at the corner. Great time to invest in. Just don't panic and get used to it.

Yes, of course, only need to understand when the price came to the bottom. And maybe it will be like this: buy at the bottom and get the second dip for free. ;D

I think yes. It is normal to experience these type of fluctuations. It is just minor, if its gonna be drastic, then all cryptocurrency must be out of the community. But for now, it is still on track. So don't panic, everything will be fine any time. But still, prepare for the worst. Even though it looks minor, something's might gone terribly wrong and may cause to become a major one.

Let me look in my crystal ball...

I see the moon, it's nearing fast. Wait.... we just passed the moon... I think we are heading to Uranus. Fasten your seatbelts, this is gonna be a hell of a ride.

Down in value as well as selection of which altcoin really reliable or could be because market speculation, not because of real supply demand. Monopoly can occur to altcoin markets that have little capitalization.

Where I can buy those crystal ball you do have? lol. Regarding on bitcoins price theres no other direction but way up it may have some dips because of news but eventually it does recover but talking about on altcoin I guess they would go the same but depending on which coins would follow the way.Going to the moon is always been wanted but we wont know on when it will happen therefore we should really ready ourselves anytime.

Everything is down because everything was up. And the up is too much, now is the time for new low before next jump, next jumpnis very huge jump. Hold your seat tight  and enjoy the roller coaster. Crypto still not mature enough to become currencies but it will be..

As you can see right now, Cryptocurrency market is going up again since it crashed heavily after the chinese government will take down Bitcoin exchanges on their country. But, they gave a period of time until the end of this month.

i would say that it might crashed the cryptocurrency market again and i think it might affect heavily the value of bitcoin and other altcoin whos chinese people managed.

There is an advantage and disadvantage on that part. The disadvantage on that part is it might crashed he value of bitcoin and the advantage would be buying it while it is cheap since it will rise again after that news.

The market is just a bit mad, because of all bad rumors that are going arround. A lot of new people in the market are a bit confused about the market situation, but I am sure that we will see some bullish action soon.