Bitcoin Forum

Here's what I think influences the market movement:
 China = 50%
 JP Morgan = 20%
 Cycles = 20%
 Global financial meltdown = 30%
 Total = 120%

do you agree with me?  ??? ::)

friend, it's quite a reasonable, my opinion is correct, china plays a big role in cryptocurrency problem. currently I can only watch market movements. while raising funds to accommodate more bitcoin and altcoin. hopefully not too late to buy

why China can play the role of the market, yes because there become one of the most popular countries will cryptocurrency. once he issued a negative statement on cryptocurrency then everything will bleed.  ;D :D

what whould we do about that fallen, maybe any suggestion from masters in this bitcoinforum ?

where when it happens like this needed a strong management, and must dare to take the right decision.

China is where bagholders coming from and have majority of the hashpower, what country do you think could affect more than this China and people in there?
Some of their market also leads with their big volume and it's just come from one country which is pretty much reflect their power in this crypto world. Once the market there closing down because of the regulation, the result, you can predict it.

i don't understand you to want to agree or disagree with it ;)

a total drop can not be bigger than 100% because price can not be negative! it is 100% max when it drops to zero. and i don't recall any coin that has dropped to zero during the FUD craze.

and in my experience China and JP Morgan, etc are just tools, they can be simply replaces, it is the market that wanted to react to something and that something happened to be the good ol' China FUD that always works seamlessly.

yes there is absolutely nothing bigger than chinese, but I never reflected on the previous incident where the chinese market at that time could not make withdrawal and then over time all that like nothing happened, and there was a Bitcoin price soared. do you think everything that happens now will be the same as the previous one?

I somehow agree with you based on what we are experiencing right now. China banned ICOs and Bitcoin recently that negatively affect Bitcoin in all aspects. Bitcoin's market value fell as well as its demand. And maybe it affected Bitcoin because China is the biggest investor of cryptocurrency or as what you've said, China has the biggest influence to cryptocurrency including altcoin and Bitcoin. But Bitcoin is currently and little by little, climbing its way up again. We should expect for its success in the future despite of the backdrops that we are having.

Yes, all coins have fallen over last few days because china does boycott bitcoin and other coin. Overall all coin market has fall.now need a strong management.

I agree with you and as far as JP Morgan is concern, JP bought a lot of bitcoins LOL. How ironic right? He is gaining something from his enemies. And he is far more experienced than anybody in business but his coin is not really improving.

what do you mean by strong management? can you explain more clearly!

is it a chinese effect on bitcoin?
please mention the reason I do not quite understand,
hopefully with your explanation I can understand

all thanks to the chinese government's ban to bitcoin and other cryptocurrencies. Maybe soon we will not depend on that decision and cryptocurrencies will be free for any government's decision on it.

This shouldn't scare you. The market is like this. They will recover.

altcoin and bitcoin prices are always like this, the price is not stable. and I agree with you, chinese does have enough contribution in this bitcoin. so I am also quite worried about this.

IMO, it is the people who contribute to the price fall.

I don't understand why will China decision cause BTC fall. Even if China ban BTC, the Chinese can buy BTC in offshore markets. The exchanges closed down but can start another exchanges in another country just like how Binance start exchange in Japan.

I have never been afraid of what happened to crypto, I have long struggled with crypto. I always enjoy the groove

I have been scared too I surely tremble when the price goes down on me, and I am not ready for that big drop, so I just let it go with the flow and wait till bitcoin goes back in it's heights well remarkably speaking I never thought bitcoin could ever goes back because that drop is very unusual because there was pretty lot in the community that is not ready about it, but hey just like you said all we have to do is enjoy the groove!

Do not worry too much, that's the adjustment
It is easy to understand, after a period of rising prices
Believe in the future
An investment for the future

The Chinese has about 80% of the blame and JP Morgan about 15% and 5% other factors. I cannot see that anything else

is causing all of this. We have not yet seen a mini dump this size for a long time. I hope this is the end of all of this, we need

a bit of a push.  ;)

i believe thst china are one of the big player in crypto world and that event really affect the price of bitcoin. next JP morgan are all one threat as he speech last week regarding bitcoin is a fraud. But i know to be a player and one of the whale you should control it price so you can have it as an ace. but i dnt like what he does he really bate his own self for the sake of investment... The cycle is given it wilconrol and correct its price so we will not experiencing over pricing and bubble.

The market is very volatile. So anything like China or JP Morgan will have a larger effect than it really should be.

The fall took over the timespan of two weeks actually (not a few days). The sudden recovery is just basically in less than a day. BTC went up by $500 just in a few hours, seems like a lot of investors were waiting for BTC to hit $3000 as the break point.

the falling value of crypto made many people involved in it panicked.
the same as my thing. but I do not agree with you.

but all that has been passed. at least the market is now more conducive and not crazy like the previous day about china rumors and jp morgan.

so true, as the exchanger CEO said in my country during a press conference he said that the negative news on cryptocurrency is only made by a group that wants to buy Bitcoin at a low price.

Yes, what happened last week was just a strategies from a group of people who wants to buy a lot of Bitcoin wherein they can avail at it's lowest price after doing some negative impact about bitcoin.

yes you are very right, china is one country that has great power in bitcoin,
which is why china always makes trouble and makes bitcoin and altcoin bleed.

If you have Bitcoins or/and altcoins do not panic and do not sell them it will recover,as we can see now it is recovering as i type this post.Actually when it dipped i bought a few Bitcoin and plan to trade half and hold half. Take advantage of the price now.

Yup i agree thats why many coins in the blavk folio when i see all are red which means decrease but i know that bitcoin and other coins will going increase again hopefully.

Maybe I should agree with you. In fact, we all see the fundamental impact on the btc price. And it can be said that China has had a pretty strong impact on the price drop. But I think btc will soon grow back to normal. If you believe in btc I think this is a good opportunity to make more profit.

IMO, the Chinese ban was the one which made the most impact. Perhaps 90% of the crash was solely resulted from the ban, and the FUD which was generated after it. The statement made by the JP Morgan CEO (Jamie Dimon) would have gone unnoticed, if it was made on any other occasion. But Dimon struck at the right time, and as a result the prices sank even further.

China has been "banning" bitcoin repeatedly for years.  I don't believe this will pan out to be anything substantial at the end of the day, but I could be wrong.

-B-

No, your numbers can't equal greater than 100%.

And what you're leaving out is the will of the people who use and hodl Bitcoin. They have significantly more power and influence than anyone or anything else...hence the bounce back in price from the $3000usd touch.

Why speculate your thought like this when it isn't based on any fact?

yes, bitcoin prices are now increasing and accompanied by the addition of altcoin which is slowly improving now, and certainly lucky for those who do not sell it when prices go down, and get a chance to benefit from bitcoin because I'm sure the ending of this year's bitcoin price will reach $ 4500

Too much thinking about the unusual decline only stresses us, so I think the best step is to wait for everything to stabilize again and enjoy the flow.