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I think the public notification is a big factor as well.
Bitcoin is known to many people right now. A lot of people only think about bitcoin when they hear of crypto currencies.
The 'B' on a coin, that has become a symbol for bitcoin which is recogniced by people.
All together, I think bitcoin has become a real brand.
Marketing is very important when it comes to the value of a brand. And bitcoin has the leading role there.
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Bitcoin has the biggest community and bitcoin has presence in the media already.
When people who don't know much about crypto hear from cryptocurrencies, they only think of bitcoins.
It has become a real brand.
That is a very big advantage compared to other coins if you want to attract new investors.
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at first sight it may seem like there is a relationship between "China banning ICO" and "market prices" but when you pay more attention to the details of these movements you can see the only relationship has been between "China banning ICO" with "ICO" and "ICO platforms such as ethereum,..." prices. they are the ones that should be affected directly.
the rest (like bitcoin price falling) has been because of FUD where people said lied "China banned crypto". and as you can see that is resolved now.
and after a while it will only be China that banned ICO. if other countries feel this scam they will also ban ICO and we can finally get rid of all the scam ICOs once and for all.
When there is bad news for one of the big crypto currencies, that naturally affects the other coins as well, including bitcoin. So to me it is explainable that bitcoin got pulled down to a certain degree. But it is strange for me to see that ETH is recovering faster than bitcoin does. The only thing I read is that BTC-e is back online. Might this cause the improvement we see today? |
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less ? nooo. We need High volatility because that's one of the reason why there's a lot of new investors in bitcoin. remember high demand is equals to high price of bitcoin. so if there's a big dump many people would buy bitcoin and that's the demand so it will enter the economy that make the price of bitcoin to go high. bitcoin is popular and also known because of it's volatility.
I am not so sure if volatility attracts investors. As an investor, I want my money to grow. Not to see it change its worth up and down every day. Volatility means uncertainty as well. When I look at the stock market, whenever there is uncertainty for a specific stock, the price goes down because a part of the investors sell. I think that the volatility only attracts traders. Sure, they bring money into the market as well. But as quickly as they deposit it, they withdraw it again. |
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in 2 or 3 days from now the price will be back to normal because ,in my opinion a lot of peoples are scared not to lose everything . But it is not a good thing altogether because it will decrease the number of cryptocurrency holders by 5% -15% maybe more ... tell me your opinion about this .  This current scenario will be just the same to the old days of dump and regain back, and those people who buy now will be the one who will get more profits since by this time it is the great time to buy some stocks. And last time I saw as of today the price goes down to 4000$ and now the current one is 4,235$ so profits are been gotten for this early times. I don't think that the prices will be back to where we were a week ago, but I think they will be stable at a level we have at the moment. People don't see that big red minus anymore on the price tables. This decreases their panic and their urge to sell. Everybody who has not sold yet will now think that it will be better not to rush thing and sit this one out. Why ? No one can predict the future in exact but if that so it is still good to invest in bitcoin. The price of it is still higher than we expected but we never know, lets just see what will happen after the dump. OP asked for a personal prediction for the next few days based on logic. Not prediction for a longer future. My logic is psychology. I think that the dump is still in the head of the people. Of course they are happy not to see the minus anymore. But will they immediatelly reenter the market after the shock? I don't think so. I suppose they will not sell either, because it's not going down any further. So my expectations for the next few days would be that many people won't make any move until they have that panic feeling out of their systems. We stay at the level we have at the moment. |
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in 2 or 3 days from now the price will be back to normal because ,in my opinion a lot of peoples are scared not to lose everything . But it is not a good thing altogether because it will decrease the number of cryptocurrency holders by 5% -15% maybe more ... tell me your opinion about this . This current scenario will be just the same to the old days of dump and regain back, and those people who buy now will be the one who will get more profits since by this time it is the great time to buy some stocks. And last time I saw as of today the price goes down to 4000$ and now the current one is 4,235$ so profits are been gotten for this early times. I don't think that the prices will be back to where we were a week ago, but I think they will be stable at a level we have at the moment. People don't see that big red minus anymore on the price tables. This decreases their panic and their urge to sell. Everybody who has not sold yet will now think that it will be better not to rush thing and sit this one out. |
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Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
Well said. ICO banned is in China only. They are not the only country who is in the ICO. So don't panic because ICO will be here as long as there are communities and supporter. People have many way to invest ICO. so just dont worry. Maybe China just ban ICO in short term. They need to control it Actually I have read that South Korea is planing to do something similar. And it will most likely not be the last country who does so. The ban will not go on for ever, but the number of new ICOs will go down after it. And because they are funded with ETH that will decrease the demand for ETH long term. |
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This situation really makes me worry. So many rules that Government made with regard to the ICO project. Surely this gives a positive effect to see some ICO which is really honest and also has a strong foundation. But in other side, panic selling time.
The selling is something I think the crypto world can live with, because we have seen it happen before. And it will be over at a certain point. A regulation of the ICOs I think that is a benefit that will last. Too many ICOs existed, too many were fraud. After all, these regulations protect the investors. Investors who get scammed, they don't come back again. |
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Holding for me is the most convenient way to take advantage of crypto. And another advantage is that I am no need to check actual prices everytime. Contrary with intraday, where it's necessary to monitor price even every hour possible. Which sometimes makes me feel easy to be emotional because circumstances.
yes that is right holding bitcoin will be the best idea. although if you have good experience in trading altcoin then you can also make good money from there but still if you are reluctant to invest your money anywhere then you should simply hold your bitcoin and hope that through this way you will certainly get a good profit because the price of bitcoin is expected to increase more and more. Yes holding is a best idea to earn profit not like in trading that you need to take a risk. However, there's a possibility to earn large amount is in trading site. Because in trading you have a 50-50 chance to have high profit compare to holding. I was trading for some time, but my skills in that matter seem not to be very good. The profit I made was really small, and considering the time it took me to make it I can't say it was worth the effort. That brought me to being just a holder at the moment. But I must admit the high volatility we see right now is a little tempting to give it another try. |
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First of all I would say you have to get a basic overview on how this all works. The different coins, the wallets, what a blockchain is.
And then it depends in what direction you want to move.
A signature campaign or trading, that will work with an old computer.
For mining you need special hardware, but that is expensive.
If you want to set up your own site, you need a computer, a domain with some online storage space and of course programming skills.
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Hard to say how far it could go down.
Don't forget that we were at 1200$ in March, that means half a year ago.
I see some bigger support at 3800 dollars, but I although thought we had that support at 4K and we have already crossed that line on some exchanges.
As a holder who bought recently you can now either cut your losses, or hold still and wait.
I would wait I think. Cutting the loss would only fuel the fire.
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I think the massive fall in price has begun. As a part the price has fallen to a large scale of more than $500 within a days time. Along with it the entire digital currency value decline has been taking place. If the entire cryptocurrency growth is examined, each and every coin is with red indication.
I think that many stop loss orders were triggered today. And I don't think that the guys who put up those orders are gone for good. They are just waiting a few days till the dust has settled until they rebuy at a lower price. Maybe a few of the altcoins will suffer permanent damage. But the major ones, I think they will recover within a week. The good thing is that bitcoin does not suffer as much as the alts. |
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Don't have any problem with the Chinese banning the IPOs. From what I can see, 90% of the recent ICOs are either overpriced, or outright ponzis and scams. As long as the Chinese are not banning Bitcoin or the established altcoins such as Ethereum, Bitcoin Cash, and Litecoin, I am not complaining. And I heard that the American authorities are also about to ban the ICOs there.
I think as well that China is only the first country that bans ICO. Other will follow. The problem is that those coins brought a lot of money into crypto. They will not do that anymore in the near future. But I have heared as well that this ban will not take for ever. China wants to have some basic rules the ICOs must apply to. Once those rules are set up ICOs will be reopened. |
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I think that if China banning scams causes them to fall by 50%, then the prices were far too high!
Bitcoin needs to try to become legitimate, scams, pyramids, thefts etc all need to be cracked down on.
Then someone might look at the very heavy market manipulation that happens every day. That would be nice!
but this can affect the price of bitcoin globally. regulations and actions by the Chinese state can make the bitcoin price decrease, although for a moment this result can cause extraordinary panic among bitcoin users in the world. china should be able to sort and choose anywhere ICO that is problematic. and if an ICO is found to be innocent then the government should officially state it. I think that there is a chance that China may be only the first to ban the ICO. When more countries follow, what I think will happen, the number of newly crated coins will go to zero. So they will not bring fresh money into crypto currencies anymore. |
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Take the opportunity you have right now.
At the moment the market is shaken.
If you really want to invest into crypto currencies, I can not think of a much better opportunity to buy coins than you have right now.
Maybe you can even consider to buy some altcoins and retrade them later against bitcoin once they have recovered.
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I am very convinced that the bitcoin price is not a bubble.
When I look at the market today, the altcoins fall. Bitcoin dips as well, but not as much as the altcoins.
If we had a bubble in bitcoin I would expext it to implode under this circumstances.
But from what it looks like bitcoin is still some kind of save haven in the crypto currency world.
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It's not only a bitcoin price correction anymore.
All the crypto currencies have a rather bad day today.
Mainly because of the ICO ban I suppose.
In fact bitcoin is doing much better than most altcoins.
Of course when a very important method on how altcoins get their funds is removed, that has to affect the whole market.
But for the bitcoin price, maybe less altcoins will be a benefit in the end.
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The ICO ban in China is like a general hit to the crypto currency market.
All those newly created coins brought money into the market. Now they can't do that anymore.
That's why money leaves the market of crypto currencies now.
Some investors fear that this might be the beginning of the end of the booming phase.
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Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.
Actually I do not see bitcoin in a 3rd world country. The people are poor, they need every cent. Why would they use a currency that has transaction fees when they can pay cash? Lets see it realistic, when they open a business, they will not start to ship world wide immediatelly. They do business person to person. Bitcoin might be a help for them, somewhen in the future, a decade maybe. Or two. For the moment, they have other problems than adapting to a virtual currency. |
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When somebody starts mining, he has to calculate everything through at first.
Electricity costs, hardware costs, expected price of bitcoin.
Don't forget that there will be some downtime of the hardware for multiple reasons as well.
If that numbers seem to be profitable, than nothing speaks against a try.
When you are not happy with the outcome, you will always be able to sell the mining equipment again. It's not gonny be a total loss.
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