It is back around 4000 usd again, the dip was just temporary, however it did tool days till bitcoin's price went back to 4000 usd again, in such any case a dip would happen again, hopefully most of us already learned our lesson, the right time to buy was during the dip since the valuse decreased and became a bargain. Now that it is back on 4000 usd, there is no doubt that bitcoin will be back on the 5000 usd mark and will break a record again. There will always be the negativity along the way, however, we should just put our trust on bitcoin and it will surely surpass those obstacles,  there has been a news that the rise is due to jpmorgan buying bitcoins during the dip, if so, this only means that bitcoin will surely skyrocket any time soon, even if china will close its doors to bitcoin. Let's all be thankful, bitcoin is rallying back, kudos to those who hodl and a valuable and expensive lesson to those sodl, the moment bitcoin dropped.

I think we are now all familiar, on hoe the chinese think, they most likely waned to create yhrir oen crypto coin that will competr with bitcoin, i think this will be funded by their government, and aside from that they still have reserves of bitcoin in their hands. We should not be worried about this, just look at thr websites that they have banned, those sites arr now earning more, than what they fad expected, just take a look at google and facebook, as well all know, china already made their own social media, and it seems to look a lot like facebook, and , search engine that is also similar to google,i just din't know about twitter, i think just basing it from what the chinese had banned, those companies just gre bigger and bigger, with or without china, and bitcoin is not an exception, we will just see bitcoin to grow in value,and if yhe chinese government doesn't lift their ban, the only bitcoins they will have are just theur reserves from their mining, and even if the government, destroyed those miners and wallets, making the bitcoins out of circulation, it will just increase the value of bitcoin, basin it on supply and demand, the supply of bitcoin then will have a decrease, thus increase in value. The chinese government need to think again, if it us tigt to ban bitcoins i china and produce another altcoin in exchange of banning bitcoin. What i see if they continue to create an altcoin that will be their bitcoin, only outsiders can take advantage of the coin, since we can bargain for the coins for bitcoin and for sure there will be scarcity of bitcoin and china, and thry will be willing to trade their altcoin, even if it costs much, to bitcoin sincd they know that the future will still be bitcoin.

What i see herr is that jamie dimon still gets most of his income from jpmorgan, he is just trying to protext his livelihood, i think he was just used, ghey made him say things against bitcoin in order to make bitcoin fall, and they also capitalized on what was happening in china, i believe that even jamie dimon himself.knows what bitcoin is capable of and what will become of he future of bitcoin, as.of now they had just managed yo bring the price of bitcoin down, but didn't eliminate bitcoin at all, i yhink at this time he alrady bought a lot of bitcoins, since as an investor, you don't criticize nor bad mouth an investment, rather you study it and take risk, even if you know it has a high volatility rate. In what i see here, jpmorgan just want to have more bitcoins for themselves, and bad mouthing it, might lower the price down, just like what mark cuban did, i think we'll also be hearing an ICO from jpmorgan the next time.

i think there is a lot going on in china right now, but with this news, following the banning of china on ICOs, i think we need to wait more for the clarification of china, since bloomberg, doesn't usually report things related to bitcoin, they are not being paid in cryptocurrency. I think this news needs come from a reliable source in china, since the media is always reporting things not give out facts these, they just wanted to have higher ratings, and you cannot also help, but to check who or what banks are funding the medias. we all know that bitcoin is a threat to banks, if banks can control the media, they can spread fear among people and again they can cause panic, the price of bitcoin will be affected again. and about them trying to ban bitcoin in their country, the can do it, they had already done it with facebook and yahoo, they had made their own, and even copies of branded wears, however if they will  try to make their own cryptocurrency, i am seeing that it will not gain that much, since it will only have limited traders and might not be accepted by other wallets we already use, though they can affect the price, they cannot affect the mind set of people who trusts bitcoin, for sure they will have a problem on people accepting their altcoin. still we need to verify this news, even if it is true, for sure we already made a way on how to deal with this, considering the news this past few days. i think china is just making a way on how to regulate their exchanges in some way that the government can earn money, still the government is a big business, let's just wait for the clarification, keep calm, buy  and hodl, repeat.

the price of bitcoin going down, this is just a normal scenario, since bitcoin is an investment with such a high risk, that being its volatility, the good side of bitcoin's price going down is you can but it at a much cheaper price, you can also gain more profit from it once it rallies back, the thing is bitcoin's price decrease due to china's banning of scam ICOs, which is good, and the shutdown of their largest bitcoin exchange, however this still is not the bad news, the bad new is that, jpmorgan capitalizes on china's decision, in a way, they are making bitcoin look bad, but you can never make something bad, if it is meant for the betterment of everyone. I think most of us here now, are trying to take advantage of the lowered price since we can get it as a bargain, let's not focus on what jpmorgan has to say with bitcoin, since it is just their job, they needed to protect their livelihood, since bitcoin is a great threat to them, sooner or later these bankers, might declare bankrupt, once everyone agreed to use cryptocurrency as means of transactions, which is no doubt, this will happen in the future, fiat and even petrodollar will soon fall and no one can stop it, oil is also diminishing, and once it does, we will be using alternative means of energy as well as currency, these bankers probably are seeing this, so they bad mouth bitcoin, the price goes down, and they themselves , for all we know, are buying bitcoins as of now, since they cannot stop the future. for those who are new to investments, i would suggest to buy as much as you can while it is still cheap, since time will come, we might all have problems in affording at least 1 bitcoin, since it is very volatile, but the goo thing is, the price will still be high at some point.

As we all can see now, bitcoin has a lot if enemies, first, those who keep on saying that bitcoin is a fraud, without even reading any articles regarding bitcoin, they are just there saying it is a fraud just becayse of hearsays and not because of factual basis. Second, the banks. Banks are scared of bitcoin, since bitcoin is decentralized and almost everyone could have it, and it is being given a high value in the market, thus making it more valued than gold, these banks are afraid for their existence, since bitcoin is a new currency, and for them, their fiat might get devalued or even worst,obsolete, that's why these banker bad mouth bitcoin now, before it is too late for them. The third one, i agree with most people here, for me it is the government itself, since bitcoin is decentralized, they cannot regulate it, so they cannot have profits, from what i see, if the politicians in your country are corrupt, more likely, they will go against bitcoin, since they cannot tax it, they cannot something to put in their pockets, so they bad mouth bitcoin, so people will be scared of investing in bitcoin and they can pocket in a lot of mkney, that's coming from your taxes. Lastly, the people in the stock market, the all knowing so-called gurus, most of them doesn't like the idea of having a decentralized currency, that is, if you ask them what are their investments, most of the people i encounter who doesn't like bitcoin, are those who invest in only in the stock market, however, those who invest in commodities, they do take bitcoin seriously, and treats it as an asset, for sure those people are used to volatility.

I think for those who are already used to investig, we always get this comment from everyone, whenever the price goes up, they will say, you have done an excellent job, no one saw it coming but you, you are always one sep ahead of the game, however if the price went down, it is usually common to say, it is a fraud, you were lucky you didn't invest all, some , even those who are not familiar with investments, would tend to teach you, they will advise you as if they were also investing. I think the problem we have here is that people are being miseducated or perhaps not being educated at all, it is sad to say, that those who bad mouthed bitcoin because of the fall, some of them are also bitcoiners, well i guess once in their lifetime, these people need to know the basics of investment, so they will not fall for any negativity again, if they will try to buy back their bitcoin and hodl, what i see here, is that these people are new to investing, they just go with the flow, they do not even bother to check out the updates, what they just want to see is them earning, they didn't even ask themselves at what level they can tolerate a loss. As a community, we can help those new to investments if they ask us, so in time, we will never hear such bad mouthing again from their own ignorance.

as investors we should just all be calm at this point, we all know that bitcoin will surely recover, just the way it did before, we should not let fake news give us panic attacks, the new that was said in china that they are banning the ICOs, simply means, that the government is protecting its people from outspread of scam ICOs, they problem is that the media said china is banning bitcoin, also the same time that china wants exchanges to be regulated so btcc exchange shutdown, and from what I've read, it may just be temporary, with this negative news, we should all be ready to invest again, since most investors with weak hands already sold out out their bitcoins, thinking that their investment will be of no value, then there goes jpmorgan, they had capitalized on this news and on this occasion, they started bad mouthing bitcoin, come to think of it, if it is really not a great idea investing on bitcoin, why would they just come out right now and say such things,if they themselves don't have any hidden agenda, what i see, is that, since they cannot control bitcoin like what they do on wall street, they need to capitalize on a global event, in which they have waited for this moment to happen, to bring the value of bitcoin down, probably, they would also want to buy bitcoins, however at the price of 4000 usd and above it is too expensive for them. what most newbies and those with weak hands, failed to practice at this point of time, is on e of he basics of investing, that is to buy low and sell high, what hey did was panic selling, in turn, the value of bitcoin went down, and according to the law of supply and demand a surplus of a need, will lower its value, thus what we are experiencing today, however, this is also a good thing for those who are longtime investors already, what we have right now is a sale for bitcoins, a bargain.

China banning bitcoin miners, think this is toonfar from reality, we all knkw that the chinese already invrsted on miners, why would they just ban bitcoin, furthermore the chinese knows that having a lot of bitcoin is better than having petrodollar, if we check on the news way way back, both the chinese and russian government no longer wanted to trade oil, with the usr of petrodollars, instead they want to make use of gold, this us the reason why, some american oil companies doesn't want chinese products, but though they didn't like it, they can't help but avail of the setvices, since the cost is cheap compared to their local counterparts.. The move of the chinese, that they want to use gold as transactions only gives a deeper reason, why would they not want miners to be ban, because bitcoin is gold 2.0, and we may not feel or see it today, that the world is slowly changing, sooner or later more and more countries will be legalizig bitcoin, and at some point may use bitcoin as payment for ttansactions, this has a higher chance of probability, since a lot of countries are in debt with the world bank, why nit use another alternative for transactions, and that being said, the more bitcoin you will have in the future, the more powerful your country could become, just like what had happened with gold, right now it is considered that the state of vatican is powerful and infuential, not because of its religion, but because of the gold hidden in vatican, that we all know about. If the chinese will be banning, something that they know will be worth more than gold, and something that will give them more power in the future, they will certainly regret their decision, since they can mine and get a lot of bitcoins, it might be even for free, comsidering their ingenuity.

This only shows that bitcoin is going to be stronger, the japanese government for sure, already thought of ways on how to regulate bitcoin in their country, and as we all know, japanese are very proud people,  this only means they will not make any scam ICOs, like what china had done. This move by japan will also contribute to the growth in value of bitcoin, hopefullh those who bad mouth bitcoin will stop, since another superpower country is supporting bitcoin, and as we all know, those who had banned bitcoin, do lack knowledge and doesn't have the technological advancements that japan has, furthermore, this will only strengthen japan's power, and a shift.of power from west to east, seems inevitable, those who still seek knowledge from western gurus, should now think twice, they should also ask someone from the east, since this part if the world greatly accepts bitcoin. I just hope for better advancements in the future for bitcoin, and no more negativity will rise.

I think this is one way that thr chinese are trying to regulate bitcoins, the exchanges will now need to apply for license, sincr there were a lot of scam ICOs that sprout in china, the government just needs to protect its people, in any case, i think this will be a breaktrough for bitcoin, if the chinese will no longer let their exchanges change bitcoins to fiat, we might see a new economy, that works well with cryptocurrency, this might be in their plan, if one country will no longer take fiat as currency, sooner or later the world will be open in using digital currency, hopefully, that is what china had in mind in doing such move. Also, i think that having the exchanges regulated, more and more people will believe that bitcoin is not a scam, since that's what we've been hearing from so-called investment gurus that, bitcoin is decentralized, not regulated, then it must be a scam. Also, the chinese will not likely be banning bitcoin, since they have already invested a lot of time and money on their miners, and they probably have a lot of bitcoins being hodl, since they legalized bitcoin, there is a higher chance that bitcoin will not be ban. I also think, why would they ban bitcoin, if they know at first, that it will be the future, and having  a lot bitcoins, will surely shift the power, and as of now, china is already a superpower, along with russia, it is certain that their move, not banning bitcoins, will give more power to the east than to the west.

Bitcoin was never banned in china, the media just reported it wrong, these people still needs more education so that whenever they report something about bitcoin they can also educate the masses, rather than creating a juicy news for them, they should remember that its not all about the ratings, what matters is they should report factual news. However, the banning os dcam ICOs and shutdown of btcc china, made an impact to the crypto economy, the drop of  of the value of bitcoin, only shows that there are a lot of new investors, who have weak hands, you can see from the exchanges that there has been a large volume of people who sodl, and this is usually a beginner's error, they failed to understand one of the basic principle in investing, that is to buy low and sell high, the shutdown of btcc exchange, doesn't mean they can't invest anymore to other exchanges, rather they just made an easy way out, they sell their bitcoins, and didn't even think of winning it back, once bitcoin rises again, they might regret selling their bitcoins. I hope that the chinese media, had seen this coming, just because of a wrong report, new investors or even those who hodl but with weak hands, will likely regret in believing such news, they should have first made an investigation before reporting it, and as we know, a negative report will be heard around the world, and just what had happened jpmorgan even capitalized on this report and the fall of price of bitcoin. Fortunately, real news are coming out already, bitcoin is not banned, and the report shoukd also consider the fact that the chinese already invested a lot on its miners, and legalized the used of bitcoins, why would they just waste a lot of time, money and effort in banning bitcoin.

The price fall just cleaned up the investors of bitcoin, those who really know nothing about investment, easily sodl, while those who know the flow of economics and law of supply and demand, finally got a break, they got an opportunity to buy low, at this time it is considered as a bargain, since the value already reached to 5k usd. I still urge everyone to buy bitcoin as of now, since it still haven't reached 4k usd, and again once it does reached 4k usd, we may have some trouble buying bitcoins again, since most of us will already consider it expensive. I hope that thise with weak hands, already learned their lessons, to not sell out when you just hear something negative in the news, rather educate more yourself on what had really happened and read investments books as well. We all now again see the value of bitcoin on the rise, this just only means that bitcoin can recover from all of the negativity, that even jpmorgan executives are saying, i think even they, themselves have bought bitcoins, while it was low, and had also contributed to its gain, as of now, since they are bankers, it is their job to protrct their work,but as private individuals, they are free to do what they want, like investi g on bitcoin, and seeing the fact that their fiat will loose its value, when time comes, that everyone is into crpytocurrency. Let's all hope that thus rally continues and break another record, probably within this month, if not, this year, again, right after the fork, hopefully, there are no more weak hands by that time, since it is already obvious that the fall of bitcoin this period of time, had separate the real investors, to those who just have money to spend, and don't even know what they are doing.

It is clear that those who had sell their bitcoins doesn't know anything about investments and they are just in it because bitcoin became popular, these people with weak hands should read diligentlt about thr basics of investments, buy low, sell high, there is no reason for them to panic in the first place, again their ignorance this.time is too expensive, if they only see that this is the best time to buy since it is already a bargain, now that it is below 5k usd and the support is around 3k usd, these people will surely regret their decision. One thing is noticeable, a lot of people who have bitcoins nowadays just bought it at a high price, and now selling just to cut loss on their investment, and by time time bitcoin rallies back, for sure the same people will buy back what they loss, hopefully they already understand how investments and economics work. One thing i worry about is the number of people, since you can see it on the volume being sodl, for those who hodl and still buy, there will be a huge difference on the price that we have now and on the coming months, since bitcoin has a history of recovering back from its losses, even with all the negativity around, i think if china, didn't protect its people from the scam ICOs, thr value of bitcoin will still rise and also if btcc exchange didn't shutdown, the same people who sodl will surely be buying more bitcoins,  withiut considering the price, hopefully these people will learn a valuable lesson to not just go with the flow but to educate theirselves on what to do in times like this, since we all wanted to gain more profits, selling them at this point is not an option. I think we should do our part as a community and teach those with weak hands, what to do, in order for them to appreciate more what they have and will not regret their decision in the near future.

Thank you so much for this clarification, now everything is getting clearer by the minuted only one exchange in china will shutdown and not all of theur exchanges will follow, i gues this is just because of the panic, caused by the media,  people who are not in china are being misguided and misinformed, it seems that btcc exchange just eanted their clients to get all their coins and they could do whatever they want with it, they can make use of it, go to another exchange or sell, i guess the reason why bitcoin suddenly dropped is becuase btcc exchange, is the largest one in china and this move will surely affect the price of bitcoin and other cryptocurrencies, it is also clear that they will be operating again sometime soon, they are just waiting for china's issue with regulation, since this is happening, we all might as well be active in buying as much as we can, but still be sure to only use the extra cash ee have and not our savings, since this is investment, i guess we can thank btcc exchange for an early christmas gift, since its move, the price went down, and we have a bitcoin bargain. I hope that this clarification will be reported by the media, since they were the ones who have reported it wrong, causing panic among bitcoiners, especially to those who have weak hands, hopefully china could fix this regulation that they are planning sooner or later, since we all now know that a movement from them can really affect the valuation o bitcoin, and not to mention those people in the west who are capitalizing on this news, they need to ask btcc exchange and all other exchanges in china, what are theur thoughts regarding the movement of bitcoin and the shutdown of their largest exchange, their thought will surely be woth it for the future of bitcoin.

Finally a great news, hope thus all ends well, as for the date, i guess they are still working on it and time will only tell, when will the exchanges be open again. As i've read from some trysted sources in the web, china banned those scam ICOs, since a lot are ery persuasuve but in fact,will not give bavk anyhting at all, as far as i can understand on what i've read, during the bitcoin's rally this year, some individual took advantage and made scam websites, which unfortunately, a lot of people dive in to, and that's the reason of banning ICOs, and also to protect their people from such scams, they wanted to regulate cryptocurrency, in a way, i think somehow, it is possible, so some exchanges, had no choice but to shutdown, since it is going to be a lot of work, if they are still operating when the government issues to regulate it, but unfortunately, the media wanted a mire jucier news, so instead of saying it is just temporary shut down, they reported to the public that china is banning cryptocurrency, which in turn resulted to panic selling. If this is the case, that the shutdown is only temporary, as a sane investor, no doubt that you should buy already, as much as you can, so you can have it as a bargain. This is great news for us all, hopefully they will come to positie outcome, once the exchanges open up again.

I think that thus drop happened because of the media, again, they are trying to report something that they don't understand, btcc exchange in china just had a temporary shut down, they are trying to make money out of this, the jucier the news the better, if they just reported that such thing is temporary, it will just be another news in their marquee, however if they say that bitcoin is totally banned, and they do have a lot of people who are trading in btcc exchange, their ratings would rise up, but still they didn't got any word from the other exchanges in china, and this type of nes will surely scare thise with weak hands and will sell out their bitcoin, unfortunately there are a lot of weak hands not only china but across the globe since bitcoin is not just only for china, then this type of news spread, so in turn, the banks will capitalize on this one, that's whg we are hearing people from jpmorgan, and with that kind on influence, more and more weak hands soon sell out, nkw knowing this is the banks strategy, for all we know, they had already bought bitcoins themselves since ghey are bankers they know the volatility of the market and bitcoin, though as of now is down, still has a lot of potential to grow in value. We should just not listen to everything they say, we all know that one thing good about bitcoin is annonymity, these people might already have bitcoins, but want to buy more, so  they make a panic, since they cannot control it like what they do in wall street, this is the only option i can see that they can do, once something negative has happened capitalize on it, we should already learned this by now, from mark cuban, just check iut what he did before and now he is also into cryptocurrency having an ICO of his own.

Their statement is just making it clear, that they are afraid of cryptocurrencies, they are threatened by its existence, if what they are saying about bitcoin being used by drug dealers, what abiut fiat, it is more widely used in drug dealing, yet as banks, thry cannot control when druglords, just keeps on hoarding fiat money inside their houses. The bank system is also a fraud, in the us, their federal bank is not even in their constitution, if they check their history it is a privately owned bank, yet they are allowed to print money, which is against their own law, they should fix that first, beforr bad mouthing bitcoin and other cryptocurrencies, just because they have absolutely no idea of why bitcoin was created, but they agree that blockchain is good and would want to create their own cryptocurrency. I think for most of us, what we can do, if someone says that bitcoin is fraud, is to educate them about bitcoin and fiat, and then they will realize, which is fraud and not, and why do bankers bad mough bitcoin, yet the bankig family itself, the Rothschild bought their own shares of bitcoin, i think those bankers should follow the Rothschild or better yet, speak to them, ask them, why did they invest on bitcoin, and why do managers and ceos of banks feel threatened on bitcoin, hopefully they will be educated and will understand, that bitcoin is innovation, and as the saying goes every new year's eve, out with the old, in with the new, hopefully thry would understand that fiat, is also something that is obsolete and needs to be changed.

For new traders,what they need to do is to educate theirselves first, it seems that most new traders don't have any clue on what thry got themselves into, it is not like a walk in the park, this is investment, the higher the risk, the higher the volatility, the higher the reward and it comes with a double edge sword, it can also give you a great loss of income, they should realize by now that it is not easy investing, you need to be technical sometimes and not just go with the flow of things, like, when then value is going down, you sell due to panic, when the value is going high, you start to buy, that's just craziness, if they have done their studies, by reading more about investments, speculations and not just listen to personalities, whom they think are all knowing, they will also realize that their ignorance is very expensive. This temporary downfall has a positve side, we will see that bitcoin will still recover from this, and especially, for us, who have trusted bitcoin, we know that bitcoin will rise to the occassion and again give us additional hope, and funny thing that i've read on the threas which is true, times like this, we would see a clean up of investors, but not newbies, but we will see those who have weak hands, those people that sell out of panic, and the real investors, those people that knows the flow of the market and what to do on times like this, that usually takes years of experience and a lot of books that have been read, which is sad to say, new investors today are lacking.

This is nothing new, i think what they arr trying to do, is what mark cuban had did, and that is to influence people, at first they bad mouthed bitcoin,next they bought bitcoins at a low price , it went down, especially from those who have weak hands, who automatically sell, and thrn they create theit own crypto coin, i think this is becoming a strategy of people who are on power, who knows that they are influential, and us, as a community we should already understand their strategy, it is true that china's btcc temporary shutdown, made an impact, however people from jpmorgan arr trying to capitalize on it, and we could not blame them, since bitcoin is a great investment and so arr altcoins. I think the best strategy to do now is still hodl,but if you have extra cash, i would suggest you to buy, since it want on sale already, and sooner or later, it will again rise, and we can consider it as expensive.