Though the China seems to be losing interest with bitcoins, I have read about Japan and Korea making their move over the bitcoin community in Asia. source: https://www.cryptocoinsnews.com/south-koreas-second-largest-exchange-korbit-acquired-at-150-million-valuation/

Nexon, a Japanese gaming company acquired Korbit, which is the second largest exchange in South Korea. In my opinion, these two giants are planning to take over the bitcoin community in the southeast, since China already lost it's appetite towards crypto-currency (at least, for now).

Somehow, it feels good to have these two countries merging together in the name of cryptocurrency... knowing Japan as the gamers-slash-geek's lair in the southeast, and Korea as a tech-giant-nation; who else should care about China, after all?

I hope this news had lighten up your morning....

PS. hey, I hope you won't mind hitting this click bait. --> https://thenoodlepunk.wordpress.com/ cheers!

Hey man,

do you still need somebody to write a crisp? --> https://thenoodlepunk.wordpress.com/

Actually, there is a group of bitcoin enthusiasts and supporters who already have filed a case against Dimon under the European Union. According to Florian Schweitzer which I have read from Twitter, Dimon's statement did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system. Also, Schweitzer believes that Dimon has violated Article 12 of the European Union's Market Abuse Regulation (MAR) by calling cryptos a fraud.

Bitcointalk name: no0dlepunk
Rank : Full Member
Current post count: 321
Bitcoin Address: 3Cx2voFptrPzkJ6CsGhxjCGZwSZ5A621dE

Hey man... let me just remind you that we are not dealing with banks here. This is BITCOIN. First of all, nobody else should be responsible for his transactions rather than he, himself, alone.
Don't take it too personal, man... these kinds of mistakes are beneficial because these would make an individual more cautious on his/her next transactions. Please, oh please, if we want the bitcoin to take over the banks then we must get used to these cons. Else if you can't be responsible with your own money, then you better get back to mainstream banking. Just my two cents.

Don't call yourself "King of Bitcoin" for nothing... please, oh please.

China plays a huge role with the Bitcoin because they own many of the mining rigs, but I don't agree to the idea of us dying without them. Every news can trigger weak hands, and it just so happened (I assume) that when people heard that China has announced their campaign against scammy ICOs and exchanges, they who bought bitcoins at around $3000 have decided to take profit and reduce the risk of losing gains.

I assume that the price drop was because of the Chinese and some others - not the Chinese alone. Therefore, they are not the major factor affecting the Bitcoin price.

PS. I think the miners would continue mining... keep in mind that the Chinese are known for producing products for other countries. 

Bitcoin will never die unless nobody is going to use it. Actually, China is just a fraction of the globe and it cannot permanently affect the market. Satoshi and Roger have bagged billions of coins that's why I am confident that there is going to be a price support somewhere. CAVEAT.

Hi folks,

I have been following the PoSmonkey on twitter; I made a research about how Proof of Stake works, but I honestly am new to this so I would appreciate it if somebody could guide me how to setup a mint, and what PoScoins are good to buy at the moment.

Cheers!

Indeed! Honestly, I was very upset last week and couldn't even look at my portfolio because every time that I do - I see blood. ha ha ha.
I don't want to celebrate yet, and am still waiting for another ATH... but seeing this price as I woke up had already made my day! I want to read more threads like this and acquire more positive energy. Cheers to the HODLers!

Haha yeah I am sorry to spoil the blog. Anyway, I have edited it a little...

Don't worry, I will definitely talk about it soon. Thank you guys for the ideas.

Bitcoin had given me a lot of options to make a living. After learning it, I have decided to leave the stock market behind and move all my assets to bitcoin. For almost half a year, I watched the price while trading altcoins. Man, that was fun. And then gradually, I was able to figure out what I really wanted to do – I wanted to stay at home, leave the corporate, earn bitcoins, and be a punk.

... read the full blog: https://thenoodlepunk.wordpress.com/2017/09/18/punk-goes-block-chain/

PS. Guys, help me out spreading knowledge about bitcoins, I'm not saying that you promote my blog, but I think it would be helpful.  

Cheers!

That's the hardest pill to swallow, my lady. When that happens, I would rather move to Singapore or Japan. Since I left my job, my entire career has been running exclusively within the Bitcoin community and I want to keep it that way.

But anyway, when all else fails, Russia is the go-to person.

It has been a tough week for the Bitcoin enthusiasts because China has prohibited the operations for ICOs and homegrown exchanges. Good thing I have lemon water and apple shake.

ICOs are sort of a hybrid between the initial public offerings of the equity markets, crowd-funding and venture capital, allowing start-ups to raise funds for new technology projects, funded entirely in virtual money.

Now, since not all ICOs are legit, the Chinese Government might have been cleaning up the market from scammers – before allowing regulated exchanges and ICOs to become legal again. The news has brought panic to the Bitcoin’s global community.

Well, I have felt the huge impact of the Bitcoin’s bloodbath since early this week.

I used to get approximately $20 on Thursdays with my 0.004 BTC salary, but this week had only earned me $14.

But anyway, I bought two lemons and apples for only 0.0002 BTC from a peer who accepts Bitcoin, and made myself a refreshing lemon water and apple shake.

oh well, please check out my blog https://thenoodlepunk.wordpress.com for more. Cheers!

ROFL! Well, let us all hope that this news would reach everyone from the Bitcoin community. I assume that the banks have felt the huge impact since the bitcoin was accepted by people over them. The statement from Mr. Dimon was never surprising, anyway. Many people from this forum had considered the Bitcoin as bank's rival, therefore, expect the bankers to do whatever it takes to make the people think that the bitcoin isn't safe at all.

I don't see it that way. In my opinion, the Chinese has been busy figuring out how to protect their people from the remote scammers. Everybody knows the solidarity of the Chinese when it comes to economic issues. They will not let other nationalities earn money from them (and the easiest way to do that is through ICOs and on-line exchanges).

I believe that this catastrophe would end soon, let's just let China do what he has to do.

On the other hand, China is only a fraction of the globe. There is nothing to panic about the news... did we already forget Russia, USA, and Japan?

I have read the translations and I am not really concerned with the Chinese at the moment. What concern's me a lot are those noobs from all over the world who will definitely sell on panic. Can the entire world possibly give China what they want? If they want to isolate themselves to us then do so. I mean if they would like to stop exchanges from operating then just close it without putting it on news.

If only the world would resist, then China couldn't harm the bitcoin. Why don't we all unite and boycott Chinese products from now on? Let them feel their own walls.

Geez... I can't believe that these kinds of questions exist. I don't feel like spoon feeding you the answer - but here is something I would like you to think about:

If you are the Chinese that you were referring to as "dumping like crazy", are you going to dump your bitcoin @ $3000 right away? Of course not... You will definitely sell it at the highest as possible, correct? Now, because the volume of sellers outnumbered the buyers, the latter are the ones who are bidding how cheap they want to buy bitcoin. The buyers take advantage of the Chinese's need to cash out their bitcoins, and since there are lesser number of buyers than sellers, that leaves the Chinese no choice but to bargain at the cheapest just to make a transaction.

And then here comes the weak hands (most probably are not Chinese) panicking about the price, which eventually adds up to the volume of sellers, which gives more power to the buyers to ask for lower price. And then repeat... and repeat... until the weak hands are extinct.

And then bullish.  

I hope this makes sense. Aren't you going to HODL now?

There would be no loss unless you sell your coins below your buying price. Right now everyone is in panic because they think that bitcoin will continue to drop in the next few days, but I guess they did not consider the fact that somebody else is buying at the dip. Now, in case you missed the opportunity to sell (because the current price seems too low), I recommend that you just HODL. Again, there would be no loss unless you sell your coins below the buying price. CAVEAT.

Yeah, it is back because the westerners just had their breakfast. The cycle has been like this for almost a week now, the price goes down every "Chinese morning" and then it bounces back as the Englishmen starts their day trading. Either ways, nobody can stand in front of us and say that Bitcoin had stopped increasing it's value annually... It is still one of the best when it comes to long term investment.

I guess the fair price for bitcoin this year was it's price right after the ETF news, that was between March and May - as far as I can recall... so anything more than that is just a hype. Let us hope for the $8000 mark next year though.

Well, that makes a lot of sense now. The Chinese probably had withdrawn their money from the exchanges just to be safe before it closes - but eventually would go back once these companies are able to secure licenses. I badly want this price drop to end soon because I am seeing blood everytime I wake up in the morning.