kurious
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September 08, 2017, 02:21:29 PM |
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I think it might have something to do with the dollar - USD was very jittery and lost a lot today, then suddenly rallied. Which would explain gold taking a hit too.
So maybe it's not 'China' but just 'markets'. USD weakness is good for BTC (and gold) and the opposite is of course the case, too.
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Dakustaking76
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September 08, 2017, 02:22:14 PM |
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Whats happening again Why a fucking fall of from €300 ....
This is not nice
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yrtrnc
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September 08, 2017, 02:22:24 PM |
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I thought crypto was decentralised?! Go figure!
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Paashaas
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September 08, 2017, 02:23:00 PM |
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China is selling again, another gap around $500 behind western exchanges ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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Asrael999
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September 08, 2017, 02:23:19 PM |
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I can't link it here but BoAML have put out a research piece this morning that suggests Bitcoin is overvalued and that while it has potential it faces headwinds that are very significant. Talks a lot about the transaction volumes issue and ultimately ends up with a value to the chain of about $28.5bn or approx $1750 a coin.
Same paper also talks about some altcoins Generally in a positive way
EDIT: Quite clear that bits of the paper are quite old (BTC price reference is $2,350) and there are comments about the 1st August fork that are now factually incorrect.
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Wexlike
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September 08, 2017, 02:26:51 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FdhhHxnZ.png&t=665&c=j76d1-SSBe_v6Q) lol, china again. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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luckygenough56
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September 08, 2017, 02:27:43 PM |
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Just retesting of support, we're good as long as the price doesn't drop below $4300 or so
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soullyG
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September 08, 2017, 02:29:02 PM |
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podyx
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September 08, 2017, 02:30:29 PM |
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So is this a 1 day dip or do you think it will continue?
What are the chances that the exchanges just will be closed temporarily?
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x2666
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September 08, 2017, 02:31:25 PM |
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China is selling again, another gap around $500 behind western exchanges ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I'd just like to point out what should be an obvious fact: You don't have to actually be Chinese to trade on a Chinese exchange.
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kurious
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September 08, 2017, 02:34:07 PM |
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OK, Yep, it is China.
We will bounce back - but it does look like another weekend stressing over the charts!
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El duderino_
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BTC + Crossfit, living life.
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September 08, 2017, 02:34:11 PM |
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Just retesting of support, we're good as long as the price doesn't drop below $4300 or so
so we are fucked now ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Wekkel
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yes
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September 08, 2017, 02:34:48 PM |
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It is just exchanges closing, not Bitcoin 'closing'.
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soullyG
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September 08, 2017, 02:36:19 PM |
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BHSMC
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September 08, 2017, 02:36:30 PM |
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Guys,
Does anyone have any idea why it is falling without parachute?
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becoin
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September 08, 2017, 02:36:47 PM |
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China is selling again, another gap around $500 behind western exchanges ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I'd just like to point out what should be an obvious fact: You don't have to actually be Chinese to trade on a Chinese exchange. Chinese mining cartel is supporting BCH. Nobody outside China in their right mind will trade anything on Chinese exchanges!
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podyx
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September 08, 2017, 02:38:16 PM |
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Guys,
Does anyone have any idea why it is falling without parachute?
Rumors of china officials shutting down and banning exchanges. However I read that it's actually only regarding ICOs but I'm not sure
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hv_
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Clean Code and Scale
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September 08, 2017, 02:38:41 PM |
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Guys,
Does anyone have any idea why it is falling without parachute?
http://www.forexlive.com/news/!/caixin-china-is-said-planning-to-shut-local-bitcoin-exchanges-20170908
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podyx
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September 08, 2017, 02:39:25 PM |
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But why would china be panic selling if it was only ICOs?
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ShroomsKit_Disgrace
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Yeah! I hate ShroomsKit!
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September 08, 2017, 02:40:11 PM |
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Jokes is long ago on you bro: golman sachs advice :
Sell eth ---> sell bitcoin ---> fiat
time to exit crypto for a while, i see sell off soon eth selloff already started, next is bitcoin when they sell for fiat many noobs will be dumped on news as always just my opinion tho ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) kraken starting not too respond well = dump imminent ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Perhaps this time you are right? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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