Bitcoin Forum

I am wondering what you guys think about this. Will the closure of the chinese exchanges affect the bitcoin price one more time?
Will the whales manipulate the market because of news outlets reporting the closures?

Nope. It's all priced in,

We haven't heard much from users of the Chinese exchanges about whether they have been able to withdraw all their coins safely - but no news is probably good news. I'm sure that if there were problems it would be all over the forums.

where have you been so far? sleeping? ;)

they have been manipulating the market so far with the FUD about exchanges being closed. and it has always been like this the price moves when the news comes out not when the news happens. by that time nobody would even care anymore!

It's all priced in, where were you when the price went from the mid 4k range to $2800 a week or two ago? The market has digested & shat out the news.

Recovery is over now & the price is the price.

Bitcoin HODLERS not affected.

This may be because some people will chase to sell their bitcoins. And it may affect slightly. And rise again a few days later. Others may not sell and store their bitcoins. we do not know what's going to happen so what we can do is wait and see what happens and if there is a collapse it will quickly convert the money to survive the decline in the amount of your bitcoins. And you can buy again when panic selling is over. That way the more money you earn and the amount you can double your money, just a few days away

By looking from the bitcoin exchange volume from this site: https://coinmarketcap.com/currencies/bitcoin/#markets please tell me which Chinese market have enough volume to change the price after the exchange closure?
there's none because I see none of Chinese exchange even included to top 5 right now so stop spreading BS

Whatver Chinese exchanges do or whatever happens to Chinese exchange cannot make anything to crypto world, maximum it does would be to stop it for a short time.

It looks like a bunch of noobs still haven't realized the fact that only because it was appointed to happen on 30th, doesn't mean 30th is relevant anymore.

A lot of people have a hard time understanding that things get priced in before the official fact happens. All the panic selling has already occurred. I would be cautious if we were still flirting with the $3400 resistance, but we are now past $4100 (ignore the current market noise, we crossed $4100 and now $5000 is next.)

I am not sure. but all possibilities can happen, there's always an impact and that's for sure. but basically the bitcoin has experienced the first time decline of china forbid. but I think china always makes rumors who want to subvert the bitcoin.

Exchanges have already been closing, like this story today: https://www.investing.com/news/cryptocurrency-news/chinese-bitcoin-exchange-btcchina-stops-accepting-deposits-533247  (https://www.investing.com/news/cryptocurrency-news/chinese-bitcoin-exchange-btcchina-stops-accepting-deposits-533247)

I wouldn't think so, the crash already happened, when BTC went just bleow $3k and recovered. I would rather think, that BTC is going to take off, once the exchanges close and the uncertainty resolves.

It's recovering and will still continue to goes a long way even china bans it, it already dump up to $3k but still able to rexovee in just a week meaning btc were capable of withstanding when crashes happen.

There are always some people that would trade until the last hours before these exchanges goes down. They are either greedy

or late for the announcement. The last couple of days will see a small drop in the price, but most people already moved their

coins to cold storage or are trading on other platforms. {Localbitcoins}  ??? ::)

In a sense, I hope it 'crash' back to $3,000 - $3,200... I would love to get some more before another imminent growth!
I'm confident now that bitcoin will bounce back from any level of crash. Imho, the term 'crash' is not meaningful to bitcoin trading, but 'corrections' is more appropriate.

for sure whales will ride with this maybe in other position instead of dumping it down they will pumped it hard so those Chinese that will panic because of this closure will cry out loud after whales manipulates to its up trend movements. we shall not sleep till that day end for us to witness what will really happen after Chinese government close those exchange.

Now there is nothing to worry about Chinese Issues. I think Already BTC has been overcome from that slimy issues.
I think everything has become normal.

I think on 30th September there is not going to be a crash of price. Most of the downward trend we had about two weeks ago was because of this closure of exchange activities of bitcoin/altcoins. I have see another upward movement in bitcoin chart and since the bullish momentum was triger about a week ago we would expect the market to sustain inconsidering of any announcement of what we have already know since last two weeks. This market move on the uncertainty and not announcement.

What about no exchanges close(I think it is more likely)? Will the price rise again?

I think the worst is already expected, and so priced in.

Anything is possible, but why would the crash wait until the exact date the exchanges close when everyone knows about it ahead of time? If it is going to crash because of the exchanges closing it already would have, and I think we already had the little crash. From what I have read and understand I think events in China are having less and less effect on the rest of the market as time goes on.

I don't think that there will be a major crash on 30th. Because most of the users will be moving their coins many weeks before that date. Only the dormant users will refrain from moving their coins.

The crashed already happened when there were speculations that they were going to close all exchanges and that it will be unlawful to operate a cryptocurrency exchange without a license and am sure the rumors of China banning bitcoin was a factor in the crash so I am sure that we will be experiencing any more crashes from the side anymore.

So what?? If china bane chines exchange there is no chances for crashing bitcoin. only china alone cant control over the bitcoin. if the price go to low,than it would be best time for invest in bitcoin. specially i will buy some coin crashes time.so nothing can stop bitcoin  anymore.

probably not for now, because bitcoin has gone through a period of transition the first time China issued a policy. I think this is no real impact that decreases the value of bitcoin.

5% is way too small. We had a 30% crash when the news came out (although the prices later recovered by 20%, reducing the loss to around 10%). On 30th, I expect the exchange rates to decline by the same amount, may be somewhere between 20% and 30% from the current rates.

Thanks guys for your opinions on this. I certainly didn't wanted to spread FUD, just wanted to hear your toughts :)

Anything is possible,
If it is going to crash because of the exchanges closing it already would have, and I think we already had the little crash.
From what I have read and understand I think events in China are having less and less effect on the rest of the market as time goes on.

It is possible because the investors already in holding position,  but seems like this time is not going to affect too much because the investors already prepare themselves and it is not the entire exchanger closed down, so they are going to move their coins to other exchanger, so if it's crashed its not going to have a big imoact

It sounds like Bitcoin cash just needs R after C. truth hurts like a bitch, you are admitting about the Chinese whales manipulating Bitcoin price to make it swing but still bitching about a possible crash, you better to dump, not that I'm a buyer, lol you need to think about the people with millions of dollars invested, they will never let a continues crash take Bitcoin's market down for long, maybe just for a few days.

Anyone who thinks there would be another crash is just not conversant with the situation of things the only thing I see September 30th will bring is just going to be some downward price and not a crash. The crash to be witnessed has already happened, the panic period is over, those who wants to withdraw their funds from the exchange sites would have done that and not waiting till last minute, the exchange sites would have planned their movement of funds, they would also have put in place the machinery to aid the transition and every other thing that would have caused a crash.

Bitcoin can't crash, regardless of fact that china is trying to close/ban bitcoin
Nobody can crash the bitcoin world

It is figuring out how Bitcoin our blockchain technology will bring good sense to their economy and building laws and regulatory that's why they are banning those exchange institutions but it was lifted after few weeks so Bitcoin's value resumes to rise since Chinese investors are seeing Bitcoin's potential.

we know that how hard bitcoin is attacked, still its value always breaks the record from time to time. we just need to take a stand to hold it longer if bitcoin crashes. but if you want to take advantage at a cheap price, then the best advice is to sell when it begins to fall and buy back at a cheaper price.

Anyone who can, will definitely try to influence the course of BTC for its own benefit.