Reason Behind BTC Price Drop

[cryptothreads]

The chinese exchanges led the sell off, their prices were lower so they prob moved their coins to exchanges outside of china to take advantage of the Arbitrage situation, to sell for higher price, which sent our exchanges dropping. The sooner this mess is behind us the better. We still got japan and korea, and more worldwide exposure due to this chinese pump this year, bring on the decentralized exchanges. We will be over 4k again in no time. Gold bug Jim Rickards and the corrupt banks can kiss our ass, we'll show em how resilient we are.

Bitcoin has been hit hard by individuals and especially by China, which has had a huge impact on Bitcoin prices in the past few days. I think everything is coming back to normal and Bitcoin prices will return to $ 5000 in the next few weeks.

[flowdon]

that's the strategy i think! they laughing now, instead of crying and got an heart attack, we can join the ride but too much risky need some tricky analysis. for me i think this normal in cryptoworld, when reach ATH, assume it  for the dump coming.

[kevpantof]

china has made it cool and had helped us buy the tokens we had been praying to dip for the last 3 months. look at the price of waves and lisk that you guys had been wanting to acquire. you should be thanking China for all these bargain they gave. forget Jaime the guy has been panicking for years already, let him be tormented by the btc price in the coming days.

The dip started taking place before China made any move but they have intensified the decrease very well. Strike the iron while it's hot. However, the reaction from bitcoiners could have been a disappointment to the whales as most of us have not sold out our bitcoins, rather started investing more in it.

[offlinedragon]

As far as I know the main reasons for bitcoin going down in price is because of the ICO and BITCOIN exchanger regulations that China is working on in their country. It may also be a result of some corrections in price.

You are very much right. I think the main reason behind so much decrease in the market price of Bitcoin is due to the involvement which China is taking. I think China wants to take control over all this and they want to rule Bitcoin. I think this is just a temporary downfall of Bitcoin and things will change in the future.

[Maddinson100]

The chinese exchanges led the sell off, their prices were lower so they prob moved their coins to exchanges outside of china to take advantage of the Arbitrage situation, to sell for higher price, which sent our exchanges dropping. The sooner this mess is behind us the better. We still got japan and korea, and more worldwide exposure due to this chinese pump this year, bring on the decentralized exchanges. We will be over 4k again in no time. Gold bug Jim Rickards and the corrupt banks can kiss our ass, we'll show em how resilient we are.

Bitcoin has been hit hard by individuals and especially by China, which has had a huge impact on Bitcoin prices in the past few days. I think everything is coming back to normal and Bitcoin prices will return to $ 5000 in the next few weeks.

Yes you are right. News we had from China are not so delightful for bitcoins these past few days. But now it seems like situation is coming in hand again and price goes to uphill now. Speed is slowly but thank you to whales out there to make some good decisions and taking up bitcoins a new flight again.