kurious
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Activity: 2590
Merit: 1643
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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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Activity: 3458
Merit: 4425
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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  |
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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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Activity: 1473
Merit: 1086
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September 08, 2017, 02:26:51 PM |
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 lol, china again.  |
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luckygenough56
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Activity: 1526
Merit: 1012
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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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Activity: 2338
Merit: 1035
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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
Member
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Activity: 98
Merit: 10
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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 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
Legendary
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Activity: 2590
Merit: 1643
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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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Activity: 2548
Merit: 12349
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  |
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Wekkel
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Activity: 3108
Merit: 1531
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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Activity: 3431
Merit: 1233
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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 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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Activity: 2338
Merit: 1035
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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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Activity: 2520
Merit: 1055
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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Activity: 2338
Merit: 1035
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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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Activity: 952
Merit: 1000
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  kraken starting not too respond well = dump imminent Perhaps this time you are right? |
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