Bitcoin price will rebound tonight according to theory!

[harizen]

I'm sure bitcoin will be back up again sometime, but I was hoping it would fall a bit so I could acquire some for "cheap" again.

I think a lot of people are in the same boat as you and that's why a lot of Bitcoin holders aren't super scared when they see small drops (small being ~10%). They know that there's a group of people willing to buy because of the news surrounding Bitcoin. News affects the Bitcoin price by a lot, so when it drops people try to jump onto the train before it rebounds.

There are lots of big news that happen in bitcoin already in which some of them really pulls down the price. So this recent one will just passed and later on bitcoin price will gained it's momentum again.

What we must do is to take advantage of this rather than be worried more. Hug the dip since if the price will goes rampage again, surely others will say a hundred of times again that they hope they able to buy back when the price is ... or ... .

[Kakmakr]

Most of the Bitcoin exchanges in China are still operating as normal, and they deny the rumours that Bitcoin is banned in China. The first thing that most of these exchanges might do, would be to shutdown operations < blaming technical difficulties > until the storm has passed. < to prevent panic and massive dumps >

We have not seen any of this happening so far, so it seems to be rumours and FUD being spread by paid shills. Show me one official statement that were made to confirm a Chinese ban on Bitcoin. < not on ICO's >

Show me one official statement from Bitcoin exchanges that mention this ban? 

[kevoh]

I also agree with the fact that Bitcoin price will bounce back.  Asian trading starts today, let us see how it all turns out.

[peter0425]

I'm sure bitcoin will be back up again sometime, but I was hoping it would fall a bit so I could acquire some for "cheap" again.

I think a lot of people are in the same boat as you and that's why a lot of Bitcoin holders aren't super scared when they see small drops (small being ~10%). They know that there's a group of people willing to buy because of the news surrounding Bitcoin. News affects the Bitcoin price by a lot, so when it drops people try to jump onto the train before it rebounds.

There are lots of big news that happen in bitcoin already in which some of them really pulls down the price. So this recent one will just passed and later on bitcoin price will gained it's momentum again.

What we must do is to take advantage of this rather than be worried more. Hug the dip since if the price will goes rampage again, surely others will say a hundred of times again that they hope they able to buy back when the price is ... or ... .

This FUD or fake news that has impacted has in the last couple of days had already subsided but this is just another obstacles that bitcoin will and shall pass again. It already faced problems before but it already proves that it can withstand everything that's thrown his way.

And for those individual who are thinking of getting into the market, well this is their time to shine. Buy in this dip because once bitcoin has recovered and rebounded from this scare, we will see the price go strong as the last time. So we need to take advantage of the current situation and get it now.

[Pursuer]

I think everyone is enjoying the FUD way too much for now that they don't want it to stop. the swings are good for profiting and the that is every day trader's dream. it has nothing to do with China, if it weren't China banning bitcoin then it was Japan banning bitcoin or Russia, or another foreign country! or it could be a lot of other things like ETF rejected.... sometimes they are way too ridiculous and irrelevant even.

in any case they last longer than just a couple of days until the confidence returns and everyone accumulates enough coins to be ready for the rally.
but the little correction happens though. so far it keeps testing $4000 and bounds back to around $4200 again.

[Yuuto]

banned ico bring market down

possible stop exchange further worsen the market

now is almost time for Chinese monday morning i bet you there will be some news to clarify ,downplay the banned and whole

market will rebound sharply just my 2 cents

The price rebound is extremely likely if Chinese officials clear up things.

To be honest, i think that the news we have been presented with is most likely untrue. I mean, why announce the ICO ban first and then announce a bitcoin exchange ban soon after? Why not just bundle the policies together?

As soon as people realize that the news is not confirmed, exchanges are still working, and FUD quietens down, BTC should go on a nice bull wave that puts it above $5000. If the news turned out to be true though then we can definitely expect a dip below $3500.

[mast3rm1nd]

I will take everything from the Chinese with extra caution. the manipulation is strong

[magneto]

As long as the Chinese news is confirmed to be false then i think we could see $6000+ levels. Even if there is no response from the Chinese government, but the FUD dies out then we could still see $5500+ levels.

Anyways i don't think that this is real news. Exchanges haven't received anything from the government that indicates that in the future anything is going to be different. That's the first sign of market manipulation by press.

The rebound was already in place, until Bloomberg released another article, and the price plumetted again. I would expect tomorrow price be up to at least $4400 once again.