Bitcoin at $1050.. China "inspection" has to be coming.

[cellard]

Do you think it will be in less than 24 hours?

You expect a PBOC price manipulation everytime we go above $1000 only because it has happened in the past, but kindergarten tier education on trading tells us that past performance does not predict future performance, so sooner or later you will expect a dump and you will get a pump instead.
It's physically impossible to keep the price this low, BTC will grow to $10,000 eventually, so the event of china failing to supress the $1000 price is going to happen.

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[spazzdla]

Do you think it will be in less than 24 hours?

You expect a PBOC price manipulation everytime we go above $1000 only because it has happened in the past, but kindergarten tier education on trading tells us that past performance does not predict future performance, so sooner or later you will expect a dump and you will get a pump instead.
It's physically impossible to keep the price this low, BTC will grow to $10,000 eventually, so the event of china failing to supress the $1000 price is going to happen.

I like your optimism.    Although I am a little more moon mode.. I am aiming for $100,000.00 by 2035.

[cpfreeplz]

I couldn't see it  on a weekend. When it does come out though there will be a significant dip. There was obviously so much manipulation but we all knew that from the start.

[Taki]

I don't believe there is any China "inspection" that doesn't give to bitcoin to grow higher than 1050$. Show me any proves about that and maybe I will change my opinion.

[Pab]

Yesterday i ve been reading very wise article on Coindesk that bitcoin price will stay on around 1000$ level for monh or two,thay were also predicting of altcoins price rise,todaywe have bitcoin on 1050$ level alts are going down, i am really sic about PBOC infuance on bitcoin price,it is all positive in long term,bicoin is recognised in China like a virtual goods,very good definition,i will like to have something like that in Europe

[Seansky]

Well I think even if China inspection is coming it won't effect bitcoin's price that much any longer. I know there might be a drop that will occur because of it but it will not be as big as the ones that have happened in the past since they are not the no. 1 in terms of volume anymore. Soon their dumping and price manipulation will have no effect on bitcoin's price that is if they continue to drive it's price down.

[Wei H]

I don't believe there is any China "inspection" that doesn't give to bitcoin to grow higher than 1050$. Show me any proves about that and maybe I will change my opinion.

Yeah, There is China inspection going on, but it seems that the price is much more stable comparing with the something like that happened back in 2013, it was a terrible crash after Chinese government issued a decree.

[RoommateAgreement]

Do you think it will be in less than 24 hours?

The price doesnt react anymore to the chinese tricks and traps, we are now past that. Bitcoin holders know that everytime they panic sell because of PBOC bullcrap they are making the corrupt chinese government richer. The solution is to hold and get rich ourselves. If these fuckers want bitcoin they will not get it at a discount.

I bet the PBOC can drop the price $100 again.  It's worked like 25 times before..

we can only wish now for prices that are anything lower than $900 because those good days are long gone.
now all we can get is 4 digit price and possibly with massive scale amount of FUD some $980 again for a short time before it is back to 4 digits price again.

[aso118]

I don't believe there is any China "inspection" that doesn't give to bitcoin to grow higher than 1050$. Show me any proves about that and maybe I will change my opinion.

Yeah, There is China inspection going on, but it seems that the price is much more stable comparing with the something like that happened back in 2013, it was a terrible crash after Chinese government issued a decree.

We can't compare Bitcoin of 2017 with Bitcoin of 2013. There are institutional players, waiting on the sidelines to get in through ETFs. Even if the PBOC did issue a decree now, nobody is expecting a crash of more than $50-$100.

[aardvark15]

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

[Zaun]

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

Everytime the People's Bank of China comes with new measures. Every time when the price is up.
I don't think that is a coincidence. They are behind the fact that bitcoin price is not surging because of the upcoming ETF.

[Vaskiy]

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

Everytime the People's Bank of China comes with new measures. Every time when the price is up.
I don't think that is a coincidence. They are behind the fact that bitcoin price is not surging because of the upcoming ETF.

In the past few rise such a coincidence took place, which led to the price fall. This time I don't think such impacts won't be felt upon bitcoin even if PBOC make regulatory actions. As the fake volume is vanished, now the true growth makes price move forward.

[snipie]

Do you think it will be in less than 24 hours?

I doubt it will happens and even if it will be the case it will haven't or at least it will have a small impact in the price since the Chinese exchanges aren't leading the market the way it was before 
So let them inspect what they want 

[talkbitcoin]

China has lost their share of the market since their exchanges went out of the scene and they no longer are relevant to bitcoin price. we may see some random FUD here and there but no more inspections, suspension,.... can affect bitcoin price as big as they used to.

besides, if you really think about it with some logic. no amount of inspection or even disabling of exchanges can stop bitcoin price from going up, because as we can evidently see, people will continue buying bitcoin even if it means going to a back alley and exchanging bitcoin with cash as they are currently doing in China and on localbitcoins.

[cellard]

China has lost their share of the market since their exchanges went out of the scene and they no longer are relevant to bitcoin price. we may see some random FUD here and there but no more inspections, suspension,.... can affect bitcoin price as big as they used to.

besides, if you really think about it with some logic. no amount of inspection or even disabling of exchanges can stop bitcoin price from going up, because as we can evidently see, people will continue buying bitcoin even if it means going to a back alley and exchanging bitcoin with cash as they are currently doing in China and on localbitcoins.

The price lags behind on OkCoin, its confirmed, now we are looking at Bitfinex and Bitstamp for the global price reference.


The dip we saw recently was just normal development of ups and downs, so now we are back at 1063.74 (bistamp price) and growing. The march towards a new ATH continues.

[Famnant]

Im also sick of hearing PBOC this, PBOC that. I look forward to seeing Chinah as an inconsequential player in bitcoin.

The more the PBOC interferes, the less effect it has.

[cellard]

Im also sick of hearing PBOC this, PBOC that. I look forward to seeing Chinah as an inconsequential player in bitcoin.

The more the PBOC interferes, the less effect it has.

Indeed, we are seeing the effect of repeated action at work. The more they attack, the less impressive the attack is, that's what happens when they try that tactic, its useless, it losses the the initial impact. Now all it does is a feedback effect where the price recovers stronger.

[Vaccinus]

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

not the first time the price look artificially limited, like when was stuck for week at $400-500, remember the $500 mental barrier, i'm not sure like other that this can be because of regulation in PBOC and frozen withdrawals

[audaciousbeing]

Do you think it will be in less than 24 hours?

Lol this is really funny, This same thing I didnt believe until the last one happened when I had read it few days before and I was thinking its just a mere coincidence and nothing else until when price starts crashing and I read again, its due to Chinese inspection. But this time, I want to still hold the believe that it wont happen because the inspection has been ongoing since the last time and the price of bitcoin, has equally maintained stability.

[BrewMaster]

you should all stop waiting around for China to make a move and then you make your move. because while you are waiting around impotently, all the whales all around the world are accumulating coins and getting ready to make their move without you.
China is not going anywhere...