After Panic Sellers get their fix, China will buy up the Cheap coins

[Yuuto]

No doubt there has been some heavy manipulation by large bitcoin holders. The problem is the weak hands panicking & following the whales by selling.

The whales will be laughing as they gobble up coins now at a 20% discount to what we were at a week ago.

The whales are the ones that lead every dump and pump.

When they dump, we shouldn't be too concerned about how things are going for bitcoin because that's their decision, and it doesn't reflect what the community thinks about bitcoin in general. It doesn't prove anything if bitcoin price is low.

Similarly, if price is high, doesn't mean everything is going well for bitcoin.

If bitcoin drops to $800 I would buy a bunch as well, just like BitcoinBarrell. I doubt that will happen though... I feel like a short squeeze might be coming soon.

[1715542147]

1715542147

[1715542147]

1715542147

[1715542147]

1715542147

[1715542147]

1715542147

[ekoice]

Because of the ETF rejected that's why they panic that bitcoin price will drop into bottom they panic and sold their coins for have to profit atleast. Ofcourse china are waiting for the maximum drop of coins to buy and stocked another coins. They will pumped it again to make a good profit in the end.

you sound like someone who has been out of the country and now comes in not knowing the language anymore
let me fill you in.
ETF was rejected, they spread the FUD and price took a big dip and they bought it back again and price went up to normal levels of $1100-$1200.

after some short time, the block size drama which has been around since 2015 started again. this time with much more FUD coverage. and price is taking a dip because the FUD is still ongoing.

and Chinese aren't waiting. their exchanges were out of service because of the PBoC inspection and regulations. they will soon come back online (some of them started already) and with one of the big markets coming back online some stuff will start to change.

Once again,the game starts and chinese are going to grab cheap bitcoins and it would be the another reason for bitcoin price to reach $1200 soon.Altcoin holders,you have increased your bitcoin value fro altcoins pump.Better dump your altcoins now and buy back bitcoins or else,you may end up with value less pump coins,i mean altcoins.

[xypos]

Major Chinese cryptocurrency exchange, BTCChina, announced today that its new KYC/AML verification system has been completed.

source: http://www.razor-forex.com/2017/03/chinese-bitcoin-exchange-btcchina.html

It is unwise to not hold onto your coins right now.

Just because bitcoin dropped $200 in a few days shouldn't make you feel panicky and make you sell all your coins. In fact you should always go against what others emotions are. People are feeling like they've lost too much and they want to sell, this is the time to capitalise.

The Chinese will probably start buying again, but more trades are going to localbitcoins.

I wonder how they're going to get high volume trading going now... Especially those with dirty funds.

[Wind_FURY]

Looks like some cute whales are trying push the price back in triple digits lol. Get them boys!

nah, my guess is that this "resistance" around $1000 is just a mentality thing with this particular price. it has been like this before too in a smaller scale. people find it a good target to sell at because it is a round number in USD market.

It went over $1000 just a few hours ago but then I believe it will go back down once the sellers and short sellers start acting again in the market. We have not seen the bottom of this yet I believe. This could go on for 2 or 3 months. In the mean time find more fiat to throw into Bitcoin and but at the bottom.

[Red-Apple]

Looks like some cute whales are trying push the price back in triple digits lol. Get them boys!

nah, my guess is that this "resistance" around $1000 is just a mentality thing with this particular price. it has been like this before too in a smaller scale. people find it a good target to sell at because it is a round number in USD market.

It went over $1000 just a few hours ago but then I believe it will go back down once the sellers and short sellers start acting again in the market. We have not seen the bottom of this yet I believe. This could go on for 2 or 3 months. In the mean time find more fiat to throw into Bitcoin and but at the bottom.

so far this cursed number seems to be holding up as the new bottom price

it has been tested multiple times though, specially today that this new ETF rejection news came out. there has been a lot of dumps and i think it is safe to say the resistance is now above $1000 and the chances of going lower to 3 digits is very low.