It is obvious that banks are afraid of bitcoin. However, in the beginning, they see it as no threat to them. But as bitcoin's exponentially growth capping with almost 400% in a year, they simply can't ignore the facts that is already gaining adoption so they have to do something to stop this madness. China started the war already, by banning ICO's and now chasing down their local exchanges. I guess they are really worried that someday, banks will be obsolete because having bitcoin is like being your own bank. Although we read that China just want to step up its regulations on local exchanges and possible if they comply to everything the government wants, they can soon operate. But this remains to be seen.

Trading takes a lot of my time, and I have a signature campaign to fulfill as well, and a business to manage. So its really up to the person on how you should manage your time. The good thing is that my business, a have a lot of time to be in front of m PC so its not a problem in my end. So I'm hitting two birds with one stone. But for most of us, you need to prioritize things so that you can manage your time easily without putting too much pressure on yourself, because we also have other responsibilities outside of our bitcoin activity.

The price is going down further to $3000. But its really hard to think that bitcoin could go lower or near $2000. I'm hoping that the support level at $3000 will be strong enough. But if it collapses in the coming days, then most likely that $2000 will be the last stop before we can see some semblance of a rally. The China news that BTCC is shutting down its operations add another drama that cause another dump. Imagine if Huobi and OKCoin followed as well, we will having the same reaction. But for me this is just temporary and I hope that we can recover again.

We have to face the hard fact that bitcoin will really go crashing down. And its gonna took a for a while before we see the price could touch $4000. But if China really wants to get out of bitcoin then let it be. There are still major players around like Japan and South Korea and the US that will make this market regain it strength in the next coming months or years. If you are in for the long term, then you are just cool I guess. But for investors who think that bitcoin is a quick rich scheme and seeing the price going down, then they must be the first one to panic and push the sell button.

Only option is too really hold on our bitcoin after this deluge that we are facing. I don't know if your conspiracy is true, but everyone loves to buy in dip so I'm expecting that a intelligent investors would enter the market right now because the price is too cheap. It just sad to see that after the Aug 1 split bitcoin price was not deter by it but the opposite had happen. Then China and all their shenanigans started to pull back the price because they are now waging war on bitcoin buy banning ICO then now closing local exchanges. But someone like Japan can really step up and continue to buy more bitcoin to offset this panic.

I would advise you to not wait and enter the market now. The price is going down so its pretty cheap. You might be better to buy in small portions and not go buy 1 BTC. Try to observed the market and see if the price is going down further then buy more. If the price is going up then you can still get as well because it will not go up suddenly, maybe a swing of $100-$200. So its gonna be a win-win situation now for those  who are waiting to enter the market and ride the hype train once again. I don't want to miss this opportunity so I'm also buying later. 

If this two boxers really engaged early in the center of the ring. It could end as the Fight of the Year.  And our money will be worth as compare to the circus fight of May-McGregor. And thinking that as boxing fans, we have waited for 2 years, and now the fight will happen. I'm a fan of both fighters, so its really hard to pick one here. But I'm going to pick Golovkin because he is one of the most vicious punchers and one punch can really change the outcome of this fight. If he hit Alvarez squarely in the face I think he will go down or be KO'd.

What the....

I'm so disappointed with Jones. He just wasted his fucking career. I guess Cormier is right portraying what's the real personality of Jones specially in their first fight. You will hear Jones talking shit about Cormier and he thought that the microphone is offline. I still remember Cormier saying that Jones trying to sell himself as the good guy but outside he is so arrogant and boastful. Glad to see Cormier being he LHW champ and for exposing how fraudster Jones was from the very beginning.

Several factors has really contributed to the price diving today and the rest of the month. First, the Chinese news banning ICO's was the beginning then followed by them announcing that they will ban local exchanges as well. The JP Morgan's CEO Jamie Dimon calling bitcoin as fraud was the catalyst for yesterday and today's dumping. But as others have said this is just a temporary setup for bitcoin market and you need to keep your nerves calm and do not panic. But instead you can buy in this price correction and hold it for long term. Because history tells us that bitcoin can rebound from such disaster and who knows, we may get to $5000 after everything has cool down.

Down to $3700 now. It didn't hold at $3800 so let see how the market react. I don't know if we hit at lot $3300 though. I'm optimistic that $3600 will be the floor. On second thought, this is really a perfect time to buy while its still down at the moment. We all know that this panic sell will not last and just be temporary and we may touch $5000 again who knows. But we must face the challenge today and see how investors would react. As other feel good seeing this dip because they can now come and they will be the fortunate one because once everything settles down and hit ATH is gonna be huge profit.

On the contrary, on a average from different trading platforms, bitcoin is trading at $38xx so the dumping of the Chinese still continues. I believed that we are in the eye of the storm currency, but as I see it we can withstand this storm and this is just temporary. Once this storm has left we can see the sun once again. I don't know if Chinese traders can go outside of China to trade. Maybe they can use VPN to get away with the i.p. address issue. But for us non-Chinese, this is a perfect time to buy cheap bitcoins. So let's hodl and not panic but preferably get bitcoin now while its price is low.

I agree. They are now feeling threaten by bitcoin/blockchain technology that they feel they need to do something about it and the best way is to create panic amongst investor as we all know that he is very influential as head of JP Morgan. But just like you said, we always recover from all the issues being thrown our way.
The only thing I notice is the timing though, I'm pretty sure he knows about the current situation of the market and he's statement really put everyone nervous that's why the sudden dump and the price is nose diving as we speak.

Convert bitcoin to php?

Go ahead you may do whatever you like its your bitcoin. That's why people around here said the "weak hands are shaken" and you are one good example of it. If you sell your bitcoin then what's gonna happen to you if you see the price go to $5000? Regretful? That's why members here are advising you not to panic in this situation because bitcoin is very volatile because of a lot of negative news coming from China and JP Morgan CEO Jamie Dimon calling bitcoin as fraud. This is the cause of the price decrease. So just stay calm because once bitcoin recovered you will be happy that you didn't sell your bitcoin today.

Well its looks like bitcoin is recovering to recover anyways despite the negative news coming from one the best supporter of bitcoin-China. The price has significantly risen now, from almost a week of bloodbath. Even ETH is above $300 now. I guess with or without China, bitcoin will lived as almost all of us have seen. I read that that they are targeting 2-3 years in shutting down all the local exchanges but I don't know if this is fake news again or real. Again, we should moved forward now and forget all about China.

I think consolidation has started and trying to see if we can get to $4500 tops. The FUDs and this negative news coming from China should be over at least that way I see it. They already made their moved a couple of days ago. So I think they have complete stop the dump or just thinking of transferring their coins to other exchange outside of China. I'm with you with the $6000-$7000 prediction,. But I want to see the price hold on $5000 and see that the steam has been brewing before hitting $6000-$7000 in the coming months.

But still the question is why now? But not when bitcoin has in still infancy? I think they are waging this war because they felt that the government are being threaten here. But if they really want to ban local exchanges then so be it. If I'm a Chinese trader I will be moving my funds by now. Maybe to Kraken or Polo as long as its not on the reach of the government. Just pretty sad to hear these news though as China has been the front of bitcoin mining, bitcoin trading in the last couple of years. But this is a perfect opportunity for other country to take the void that China would have left.

True. I have witnessed this gambler multiple times already. The worst part is that it can easily torn a family or even friends. Really painful to see someone you care turn into a gambling addict after showing him/her how to gamble. I felt guilty about it and party to blame for this person life suddenly turns upside down after introducing him/her into the gambling world. If I knew that my one of my friend will turn into this, I shouldn't let him gamble in the first place. I felt really sorry and guilty. There are times that we will talk personally and he/she will just cry over it. So sad really.

I think in Japan its already legalized as legal tender. That's why you see a lot of business in Japan has already started to accept bitcoin as payment just like their Yen. Japan has already set the bar high as to how a country can "regulate" or "legalized" bitcoin. Yes, regulation doesn't mean centralization. Regulation is there to check and see to it that you have not violated lets say AML law or your country. So its really far fetch for me how bitcoin can be regulated or "controlled" by the government. Its either they ban or accept bitcoin. IMHO.

I got the feeling that either Nadal and Federer will continue to dominate tennis this year. And this year US Open belongs to Nadal and maybe the next big tournament will be won by Federer. This veterans are really showing that they can still rule the tennis for more years. Perhaps these 2 are really taking care of their body to be able to take long matches. Good to see Nadal back at the the no. 1 spot. I think as I have mentioned they know to take care of their body so to avoid injuries One factor is that they are taking breaks from time to time and just selects which tournament to enter to give their body ample time to rest and heal.

Well the dump of BCH is now over and what's left in those individual who thinks that BCH has the potential to go big in the future. They maybe some pump in the coming months so I advise those to hodl if you don't want to convert it BCH for now. I already dumped my BCH and I don't regret even If a see the price go higher in the future.


Its free coins anyway and if you able to maximize and get huge profit in the future, then hold on it. There is really a possibility that this coins will take off in the coming months or years. And as mentioned, it could take the path of ETH so its really has the potential to spike as well.