Yeah ready for more rumors and bitcoin prices will go down but bitcoin prices will always rise again as it is now.
Yes, there is good news John McAfee Claims China Won’t Shut Down Bitcoin Mining Farms https://t.co/I4pAeQOw0WThe current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard. well if that's true its really china wants to have more btc from their hands and spreading news to make people to shake and panic allowing them to buy more from their earnings with their mining service, we cant avoid people to make their moves while seeing news around and see the value fell down. There are no one know about it, but will be many rumors from China talking about the bitcoin, in this situation too much opinions than the fact, Over the past week, many traders, analysts, and investors in the finance and cryptocurrency sectors have reacted to the crackdown on bitcoin by the Chinese government positively. The true fact will show up until october end today is still uncontrol situation include many news from media. Since there is a huge impact that happened when dump and were all over the net and tv last week due to the China banning there will be a lot of FuD that we can really expect until btc goes back to high. |
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They can call is a pustulous blue waffle for all I care. Token? Who cares?
It's bitcoin to those in the know, and it's not even a coin as we normally think of them, so it really shouldn't even be referred to as that. It's not even a token, nor are the other cryptocurrencies! Wrap your head around that. I've never actually seen bitcoin called a tojen anyway. It's a nonissue for me.
Well as long as we know it's use and we know how to use and have it,then everything the want to call on it will be fine. There are alts that are called tokens especially when they came from ICO . |
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Well as long as its just 'if', there will be an economic chaos in the world. Because each country should have a different value, status, culture and etc. So its impossible to happen. Except, maybe the whole country have their own cryptocurrency as a replacement of its currency. Its still have different value but have same type.
it will be hard to have a same coin,maybe in type it can possible but it will depend on many area,such as the economic growth, the status of the Country ans acceptance and a lot more. |
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Bitcoin price has been felling of recent and we have been seeing fake news coming from China and the way people are interpret the banned of cryptocurrency activities in China. I think we need to have panic this time as the uncertainty over Chinese government regulatory agencies over billion is not over yet.
I don't think there's a need to panic, it's npt just in China btc depends, it just too noticeble since the decrease in btc were really shown,not mostly due to banning or China investor but because of panic. |
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Unfortunately it's too late to off load now,so I will just join the ride. My btc savings been in a circus now. I will just let myself believe that it will recover and I know it will really recover.
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Personally bitcoin had been a blessing to me for the past few months ago I had the opportunity to participate in signature campaigns and the bitcoin I earned was exchanged to Fiat which had enabled me to buy so many stuffs and payment of some of my bills at least this has reduced the pressure or over dependence on my salary.
I'm also have this experience because of signature campaigns and exchange it to Fiat I can buy more things and also it helps to sustain our everyday needs. Bitcoin is a good way to earn more income in our life and it helps those people who are in needs and also the unemployed person were they can earn money through bitcoin. This thread should be read by the users who dumped btc,see from $450 last year it reached $4500 this year so nothing is impossible, it will still increaseaybe next year. |
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Anyone has a feeling of what the average chinese bitcoin investor is going to do with the money they withdraw from bitcoin?
Will it go towards housing market or precious metals?
They will just keep it until they find a way to put it back in crypto. It's not forever they will ban it. Its only for the mean time when everythings fine they will surely get back . |
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my advice is if you want to buy more bitcoin, you need to wait until the price is reach the bottom and i think the price is getting down. after its reach the bottom, then you can buy or you can place the order order while you can watch the price is down or up. waiting for the down its worth because you can buy in lower price.
Buy when it's over, maybe when its quite stable in vaue, not falling too fast. If it stock on some range in a day then that's the time tp buy a lot. Save your money now and buy many when it comes. |
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Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.
Why would anyone buy now? China has only STARTED to close small exchanges, they will be shutting down the rest soon. After that they will release official statements some weeks from now, hammering the price down even more. Other countries will follow China's ban, as we're already seeing. If that doesn't cut current price more than in half, you can bet the November hard fork will do it for us. This is no time to buy. Unless you like to lose money. Buy back range is 600-800 USD, if it holds. This week is not for buying week, the fall isn't over there are more to come. But still will not sell it since I already lose thousands due to this fal, will hold it until it gives back whats mine even it takes years. |
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Yeah. I'm not feeling bad whatsoever about this dip. These are
healthy for the market, if not for newbies' sanity. You have to
keep things in perspective. The price was sub-$1000 not all that
long ago, so bitcoin has grown a lot in a very short time. Too
much growth, too fast isn't healthy.
When it increase too fast,it easily decreased too like what's happening now, i thought once it touched $4k it will never fall back into it but it does dipper. So it's better a slow increase |
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 the biggest problem is too many coin. So Hard to follow information of many coin. You are very much right. I think you can only be good at trading if you have good IQ and that you can manage the things well. This is what trading is all about, you need to have information of what all is going around in the international market. If having information of so many coins seems difficult to you then reduce the number of coins. There's a need to masters it. Sometimes having knowledge is not enough to fully earn on it. So better work on studying it and trying different strategies that will make you more successful. |
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With the way things are going, governments cannot sit on the fence for long and sooner or later, it will happen that they will be force to an action whether to support bitcoin of go against it with full force. Either way, when it happened, its going to be a landmark for bitcoin whether to the positive or the negative. Let us all hope for the best to come.
Well when government interfer something happens like dump,correctiins etc. I just hope that btc can recover way too fast everytime government is in action making way how to get money on it. |
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In all honesty I honestly believe this is a ploy to buy low and get people out of the market. it's sad.
It is not sad. It is how free market works everywhere. If that is sad it is sad to be a proponent of a free market. Corrections have exactly such a role as you have said. Correction will always be part of crypto since number of uaers increases so there more traffics that making the delays that needs to be correct as well as the block and fees. |
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Everything is easy to control. Just control it.
It's easy to control when you're already used to the fluctuation in the market like you've been here for years. But for the beginners, when they see the exchange is in bloodbath the first thing that pops in their mind is they need to sell before they lose their profit. Without thinking that when they did that, that's the time they lose. Always remember that we're all here to make profit and not to give our money to big whales. Despite the huge dump,if we reallly want to hold onto our btc,we must learn to control ourselves on getting panicked. Somehow it will increase too have a little patience. |
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Once when the price started to move closer to $1200, each and every user were much focused on reaching $2000. This suddenly made the price reach $3000 and higher moving depending on the adoption happening in large scale. Such a situation will surely provide with unexpected price pumping which might take the price to $100000.
But that amount will be far from what its value now, more things might hinder it like what China been doing now,same thins might happen while reaching such amount |
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It was during my earlier days of trading that i used to invest quickly in coins which i see increasing in price rapidly.Actually those coins were just pumped coins and were to be dumped soon.Soon after i buy,those coins were dumped and i have to just sell it at very low price in loss.Also,i used to sell my bitcoins in panic when there is a prise dip selling my bitcoins at a cheaper price to big whales thus making myself a weak hand.But now,after gaining experience,i just hold my coins firmly without getting panic.
Atleast you already learned, I'd experience such thing before. Everytime that I'm losing due to its dump value for long i will sell it hurriedly scared to lose mire, which now those coins were on top list now on exchanges. |
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What do you think? China banned BTC? And btc price goes to 4,069$ today  You think to sell or it can rise up again, some rumors said that btc will fall down to 2000$ Today as we experienced the bitcoin price will fall down because of different things happen like banning of bitcoin in China. The value of bitcoin affected because of the demand of number of people who are now using it. Many people are getting back their money so that value of it are falling down. And I believe that everything will be fine and in the future it will pump. I hope it will not goes too dip, it may get hard to recover in touching up to $5k agaun, it will took to long hefore it can rise when it falls too much which is happening niw. |
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In 2013, I wished I was an early bird who bought BTC in 2009. In 2017, nevermind. Thank God I bought 4 years ago Actually, same in 2020  The regrets of yesterday translate into the lessons of today. Ever wish that you spent your first two years out of school working 90 hours a week or something like that? Think about how you will look back and see this day and time from the future and what regrets you may have about today. Can you change those things? Should you? Everything has its time and season. Yes I do regret starting up late, cos if I joined early and took this serious, I would have made a lot of money from this. I got in 2015, quit from, came back middle 2016 and things were intensely hot. Now is 2017, there is no need for me to quit cause I believe in the next one or two years. For those who are regreting they didn't buy some before, better take this dump as an opportunity. Btc value noe falls less than $4k, it can be a goodchance for us to buy more btc and wait for it pumps. |
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First of all stop advicing to others to invest in bitcoin because it is highly risky, for those who does not understand about bitcoin. Investment in bitcoin for those people who really understand about bitcoin and make profit from them.
Yup, if your not enthusiast on teaching it carefully then better not advised. Advising iis for those who are willing to be asked anytime and attentive to questions. Investing requires knowledge and research. |
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Weeks ago, I am discussing Bitcoin to my sister and my future brother-in-law (then) When they got married recently, both of them were unemployed and have been trying to get a job immediately after their marriage. Up until now they have no luck. My sister then decided to talk to me about how do I earn Bitcoins. I gladly explained it to her and then she decided to do it too. She was so happy that she is already earning bitcoin and had some extra budget while they are both unemployed. And now, she is so eager to learn more how to earn more coins.
Being unemployed drove her into engaging to Bitcoins. Maybe some people are like this. They grab Bitcoin when they are in need of money. And since that these people are now engaged in Bitcoin, I am sure that they will stay in Bitcoin and treat it as an investment even though they will have a decent paying jobs in the future.
Yes. It's more likely that people who are unemployed will go to bitcoin because every person or family needs a good finanvial status. So, I therefore conclude that people will really use bitcoin to earn some money because they cannot settle being unemployed or just staying all day inside their house without any income or salary every week. So bitcoin is really a big help to all the people, especially those people that are unemployed or still studying. If ever I retired from work and became unemployed ,i will really choose to be in btc. It can help me alot in earning and it does benefit a lot from doing btc services. The earning we can get from it is much more in btc than regular job. |
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