It is panic, a bank run of sorts. It is not the first time this has happened and it won't be the last time either.
China was/is a huge market for Bitcoin (trade and mining) and the government is currently cracking down on those companies -> panic.
In South-Korea and Japan businesses are investing huge sums of money in Bitcoin companies and their governments are more favourable towards cryptocoins.
China is a huge market, but once the panic is over, trade will pick up again and if not in China then elsewhere.
Don't expect a return to over $4000 anytime soon though.
What you said is correct, bouncing back to higher level is now very not much possible soon. China will announce the new rules and regulation on oct 15 so till them market can go down to any low and it will take more time to bounce back. |
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You can buy if you want now, but i would advise you to wait for bitcoin to fall even harder, because you can make more money that way. I think that bitcoin will fall very hard and that one of the altcoins will rise up and take over the place of bitcoin. So you can also invest in some altcoins. Lite coin for an example is the sleeping giant.
What you are telling is true that their may be more price drop in btc but what if it got support at 3000 level and bounce back, so if you are going to invest then buy little now and if their is more sell then buy some more that time which is good buying strategy. |
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For me it is simple i have added my time some more for Bitcoin and according to it i started to adjust with my daily routine work. I started to work fast and when ever i am free i start to work for bitcoin
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Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
I think you think about starting to buy. Drops like this are opportunities to get Bitcoins at a cheaper price. I wouldn't have bought Bitcoins at $5000 or even $4000. I won't buy any now unless the price drops below $3000 but you could consider starting to buy now if you have the money available to invest. Always buy on a drop and ad the bottom if you can but we don't know where that will be yet. If you start buying now, you're at least getting Bitcoins at about a 35% drop from the peak so you're getting a bit of a discount on the price. Only buy if you think the price will recover of course. You can always buy some now and wait for the price to drop more and buy more later if it does. What you said is correct only buy if you have faith in bitcoin and can wait for some time. China is pouring all bad news it can to drop the price and i think that it is finding the support and we can see the price moving upwards. |
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No i dont think that any other coin can take position of Bitcoin. as Bitcoin is not controlled by any developer and it is open source but other coins are controlled by their developers and anytime that coin can get dead or become scrap price.
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Liverpool vs sevilla, it clearly shows that how much poor performance of liverpool has been but they are lucky that they got to draw this match.
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Their is no particular about bitcoin wallet for each country , all country users can get and use it. But if you want light weight and secure wallet then you can go with electrum desktop wallet which is very secure and simple to use it. You when installed you will get seed key and then your wallet is ready . this pass phrase or seed key are the main to reinstall the wallet.
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Be carefull before clicking the link because i am feeling that the link is not good and it will download the exe virus and your computer will be hacked, so dont fall for this type of scamming ideas.
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the recent fall of price is by the panic hands who are now getting afraid that the price will go further down. but it is the correct time to buy back and average their price if bought in high price.
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In my country gambling is illegal and if found, will be punished. but even then their are so many users who are gambling and play with local gamblers. But wish that one day will be going to live land based casino and play for some time.
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I dont think that their is any wallet with mixer facility. but their is a coin which will clear the details and that is monero coin, which means functions is to clear the details from the wallet and enjoy it
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I have been happy all week long. whenever the FUD wave starts I am the happiest I can ever be. I have indeed Learned to Stop Worrying and Love FUD a long time ago. FUD is not a curse, it is a blessing  that chart in the above link looks pretty ridiculous right now with the top of the price at $1200 at first and then barely $2000 and when I think back to all the times people said "it will fall more" when we were at the bottom of the dip I laugh. So it means that now is the perfect time to buy bitcoins as the price have bottomed out and it will move up back. I also think the same and for some days the price will roam in this range and then it will blast. |
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Just want know how much the gamblers who use analysis when play gambling and what kinds of gambling game? And do you think it is needed or not making analysis on gambling game or it is depend on lucky. Thanks for share your opinions and experience.
Yes i really do analysis when i am playing gambling also in the game of poker, so i could if my opponents are bluffing or have a awful cards. Doing a analysis in poker is a great strategy because it will really give you a chance to win but sometimes it always depend on your luck for you to win. I think it is the actual poker you are talking about, because there are no real person in the poker here in the online gambling site, it is all about Artificial Intellegence stuff. Online Casinos nowadays are all using A.I because it is easier than managing it manually. The owner could save time by using this to do other things. That is for sure. Moreover, poker is only fun when played face to face in silence. Man, that environment is sooo captivating. Poker enhances a person manipulation and reading skills. However, when played online, it is not any fun. Playing against computer is no fun. Honestly the games which involves analysis are not much fun filled for me, the random shots are giving me more pleasures comparatively. I agree, playing p2p poker face to face is quite fun since you can see peoples facial expression and their strong emotion when theya are frustrated or happy. While playing games online even if it is p2p is not as fun as playing face to face, since we really can't feel our opponents emotion and their expression. Worst is having an AI as oponent. Since we can't give a particular analysis against AI. you are wrong by the behavior of betting style we can find the situation of the opposite players, i have seen lot of users when loosing on good cards start to play all in all all cards and loosing their coins fully with frustration and then moving out. So even online playing poker with live players is very good and entertaining. |
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I have some coin suggestion which are good for investing minimum six months will give good returns,like, ICN, ICOB, TIME, VSL. This all coins are having a good projects in hand which are in running and in coming days they are going to return a good profit.
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So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
by December the maximum it can cross is between 5000 to 5800, more then that i dont think so, because right now the Bitcoin is in the accumulation period and we can see the price going down also. So if you are thinking of buying then you can split and buy on all bottoms. |
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I used electrum, but recently I moved moved all over Bittrex, on Bittrex I can trade and make a profit, the transaction fee is also reasonable when I want to sell BTC.
I always put the 2FA in mail to ensure safe for my account. (that is what you should be careful when you want to use for in Bittrex)
Actually what you have done is wrong because electrum wallet is the best, light weight and secure wallet. Bittrex is a exchange where keeping coins for trading is good but for long term as wallet is not safe. Even if you use 2fa in mail then also what if Bittrex exchange itself get hacked then all the datas of the users and wallet keys can be stolen and you can do nothing because you are not having control of the wallet keys with you. |
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Nothing much i have some pendrives i just copy it every week and keep track of the btc and other altcoin wallets. as some altcoins i have to do staking to claim POS coins.
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Setting up a farm in Bangalore is the worst economical idea anyone can have.
Why so? I mean I'm not very knowledgeable about mining on a large scale.... more of a trader. I always thought Bangalore has the infrastructure to run MNC offices, data centres and IT parks and all that stuff right? Isn't that the closest thing to a mining farm? I mean electricity wise? Or is there more to it than just electricity consumption? There's a LOT more to it than electricity consumption or the infrastructure. There's the humidity issue, the temperature issue, just these factors alone will send destroy around 20% of your hardware. At the least of it all lies the electricity rates which is bonkers at Bangalore and other leading metros. I agree with you as my brother lives in karnataka and tells about the high cost of electricity and how much political parties are corrupt. I dont think if you setup in bangalore you will get lot of government problems as it will create lot of noise and it is not suitable for it. |
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This statement also arises whenever there is huge dip.Bitcoin have died many times there have some dumps in past too but bitcoins has always survive them all.This China things will affect bitcoin only for small time then every thing will be normal and price will keep rising again.The chance of death of bitcoins are very less unless government tries to ban it or any other crpyto currency arrive which is better than bitcoins.
What you said is perfect, it was long old times when china was the main reason for the crash but today it is not like that , recent china tried to crash the market by taking some regulatory steps but it did not got success as other country users are fully knowledgable about bitcoin and taking this dip as investment option and maintaining the market and now china is in worried position. |
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Point A government's sets bitcoin bann not because they know what bitcoin is and what the bitcoin is, the government is told what it is bitcoin and so on but the government keeps claiming bitcoin as a threat to banking.
Point B government claims bitcoin as a tool to launder money.
Point C government see unstable prices
Just opinion
the point is the government has a fear when it comes to applying bitcoin to life in the country. bitcoin still do the analysis because this will have long effect, for me actually bitcoin is very helpful life. but the government has other reasons as you mentioned still need time to be able to apply bitcoin. They are not scared, but they still do not have faith in bitcoin, a digital coin that does not have real material value. It is not that they dont have faith in bitcoin, it is the main problem of that they will dont have control over the bitcoin and wont be able to manipulate it, which they do with fiat currency. That is the main reason they dont want to implement it. And one more thing is that Bitcoin is not a stable currency |
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