Bitcoin Forum

In the last weeks, we had so many rumors, and because of that we had " Crash"? No, I believe its some sort of market correction, it is good for ICOs, to have more money going in instead of BTC.

At this level it's still certainly a correction, however, it wouldn't take much support falling out beyond what already has to cause some serious panic sells from all the young money that's recently flowed in.

It doesn't take long to season yourself in this game and the smart ninety is still on wisely invested long positions.

If you think like stocks, rarely do small investors make trades in sub-6 month intervals, the pace of crypto can be amazing and terrifying.

Don't panic Brother, bitcoin popularity and community always growth naturally day bye day.
And the price will higher year by year.

There always were and will be so called "crashes")) But instead, in long term the price will grow up very fast. Not only BTC, but most of crypto market.

Yeah these days there are a lot of FUD going on by people and worse thing is nothing can be done about it.
The bitcoin price rallies to go down as there is a negative trend towards crypto going on these days. But as the history shows us that bitcoins has suffered all these waves and has increased in price however, it is just a matter of time and i am sure bitcoin will rise again and so will the altcoins.

I am sure we will see $5000 before Christmas.

I think it just coincided all events. The market for a long time was overheated and we needed consolidation to continue, this news just pushed the market to the inevitable.

Well, China's ICO ban caused price to go down, then JP Morgan said bitcoin is fraud and probably some people are panic selling bitcoins.
To be honest i see all this as simple correction, nothing more, just remember what happened week or two before August 1st, bitcoin dropped its value from 2800$ to 1800$ and raised to 4800$.

Interesting what will happen after 1 November.

what do you think will happen ? maybe another correction or cashout for xmas

Corrections are a healthy way for markets to consolidate at a new floor and launch another leg up.  The action by the Chinese central bank is causing their exchanges to have to either close or remove fiat conversion.  This, in turn, causes a large amount of liquidation which increases the supply of BTC.

From what I understand there's somewhere around a 15-20% discount in BTC value on Chinese exchanges right now.  This will settle out.

I believe it's largely correction.
A lot of rumors, mainly the china banning Chinese exchanges.
So, a small crash. Not a bad one for long term holders.

Is it crash ? Yes....
Is it correction ? Yes...

Is these all because of china bad news ? NO....it is because crypto going too high already... now its time for consolidation and mass adoption..let more people comes...

Crypto is not only for china..it is created for all people all over the world. Rusia was ban it begore..but now they accept andu support it. They realize it can not be banned..

What goes straight up MUSt come straight down.

If you can't handle it just don't look, leave it be for 2 or 3 days and then look back. They want you to sell so they can buy cheap, don't fall for it!!! Your coins are yours to keep so take the bad moments with the good and keep beleiving!!

Crash and burn..

It will go down..
go down..
and go down..

until it go up.

No one know the truth, Market will tell the story

I think the opportunity to go there is always there. and this is a rumor, obviously rumors influenced the country of China. so now is the time to see and be good at situations.

By the end of October everyone will have forgotten this correction ever happened.

If you check the history, we got back stronger after such issues.
The most important things that we should all remember are.
- DON'T PANIC and DON'T SELL(now ;D)

This is very true in crypto world.  ;D


Yes agreed. To avoid panic, I am not looking at market now.  :)

So far this year, Chinese government entities have taken numerous actions which have cooled prices in crypto markets. Thus far, prices have rebounded higher. Every. Single. Time.

I mean, don't get me wrong: I'm one of the first to observe that past performance doesn't guarantee future outcomes; nonetheless, the Chinese governments' ability to have a lasting, material impact on crypto has yet to be demonstrated.

rumors are incessant happen is the desire of china.
I just watch and watch until this ends. the opportunity to buy cheap bitcoin cheaply.

but what matters is, is there still this decline?

I am lov'in it! Load up before the sale is over.  Now it's time to get into this pricey coins.

Yes. It's a correction triggered by a succession of negative news events. The domestic Chinese trading closedown is the latest (and probably biggest) in the series. A correction is certainly healthy; things were starting to get overheated again in the bull market after the summer dump.

Everyone needs to relax!

Rumors, crash and correction. You can add FUD too.
It is ok actually, don't panic. Bitcoin was 400$ just 1 year ago. Then it jumped to 1300 and went down to 900. And it jumped to 2800 and down to 1800. And it jumped to 4800 and back to...hm...3300?

Agree. Relax. Go outside. Read a book.

yes this is the best alternative for now. of some rumors that occurred this week.
I think the ico option is the best thing to take into account.

Best advice to anyone who is starting to panic: zoom out on the charts to get some perspective!

This is all some correction of btc. Yesterday JP Morgan chief speak negative about bitcoin thats the reason of market reaction. But I am not panic about it. Market doesn't run by a single person volume of Btc is increasing in exchanges. Big players are waiting to buy in dip they spread rumors or negativity in  the market when market will drop they buy at low & make good profit in less time & one more important thing is market never runs in the same direction it always move in both direction so current scenario of the market is the example of correction of market. But sooner market will rise again

I agree with you it is not crash, just a beneficial correction arising from chinese news. Sorry to say also rumors will always exist.

I think its not crash.
rotating price of BTC.
BTC is strong again and it is hard to say that it will just
crash.
But as BTC crash some alt coins Pump.

What is happening is really weird. Correction, Panic selling, price manipulation, any rumor or news shouldn't cause the price to fall that much. I really can't understand what is happening.

We are just in a correction now. I think it is a good time to buy some more coins, we have some discount prices now man :) I am thinking about a leverage long position on btc, this panic is too big man. I will have a look at bitcoin the next days to find a good position for my bid.

Too many things are now affecting bitcoin value at once:

1. Fake FUDs
2. Jamie Dimon who calls bitcoin as a fraud
3. China on regulating cryptocurrency exchanges

People are already afraid of losing their money before investing into bitcoin, now with all these, they got panic and start selling their coins.

Hello guys, do you think the price will go down more when they announce if BTCChina is closing down. I am wondering if it is time to buy befire it goes up again.

just wait till next week. price usually fall down at the weekend and we need see more signal from whale

The measures taken by the Chinese government are aimed at improving the security situation of ICO and the regulation of the country's crypto currency. In the five-year plan for the development of China, the mechanisms for the further introduction of the crypto currency are also laid. In this regard, approximately in October-November, the current situation should be resolved safely, after which the crypto currency will continue its growth. Therefore, you need to wait and not panic. Now it's time to buy your favorite coins.

I agree, It will go back up in a week or so. And I read the comments of the jp banker, so a big banker from the industry that for years and years now has been involved in corruption, scandals, cheating, stealing, fraud, and more is calling bitcoin a fraud? WOW.

Good observations, we have also had a tremendous rally since January 2017 with the crypto sector market cap appreciating from about $10B to $180B so we were way overdue for profit taking and sells offs in the sector. Markets don't move in straight lines and crypto is no exception.

I view this correction as a good time to establish positions in core names. I have been buying additional shares of LTC and a few micro cap names to increase my staking income. We could easily have more selling from current levels so its risky to be bottom fishing IMHO. Bottom fish at your own risk!

Nope, I recommend you should turn off your computer and go out your home, do not remember your Bitcoin amount, it just makes you feel boring more and cannot keep your calm for have good decisive.

a market correction is only in a healthy market where there has been a healthy rise and then the drop itself is small and logical and in short healthy.

nothing about the past weeks drop is healthy in my eyes.
the bitcoin price rise was mostly healthy and the first drop was also healthy and market corercted itself, then it became panic sell and dump at some point.

as for altcoins nothing about rise nor drop was healthy. they were pumped with fake methods and they got dumped hard. that is not called a correction.