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

[BitcoinBarrel]

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

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[BitcoinBarrel]

People forget that through all this heavy FUD, the ETF disapproval and now this ridiculous Hard fork/Scaling debate, the Chinese trading which makes up a large portion of Bitcoin trading activity has been suspended. And the price is still $900 with the dump going on.

I think we are in for a major correction soon leaving the non-believers in the dust holding speculative alt-coins they can't even use or redeem for cash at a Bitcoin ATM.

[pooya87]

all of this is good though, the fluctuation, the panic, the dump the correction all that profit.
have you seen the altcoin prices, the pumps have been amazing. if this FUD in bitcoin didn't happen i couldn't increase my bitcoin holding by this much from the pump and dumps over the altcoin markets.

heck i have made more bitcoin that if price continues to fall i am still in profit in USD value
and not to mention this will stop and reverse soon and all that remains is going to be pure profit.

[BitcoinBarrel]

If Bitcoin drops to $800 I'm dumping all my alts I bought in January for 10x BTC gains.

[pooya87]

If Bitcoin drops to $800 I'm dumping all my alts I bought in January for 10x BTC gains.

sorry to derail the topic but i never hold alts for long. altcoins must be dumped right after they rise up. holding them longer after they went up becomes highly risky because how their prices are so unstable.
and altcoin prices don't move with bitcoin, they have no direct relation with each other. they just use the bitcoin price drop as an excuse to pump and that is magnificent to make more bitcoin.

right now we are seeing the sad part of price when a new thing comes out about the alleged fork while nothing has really changed about it. everything is still the same. and i can go as far as saying it is even the same as before that pool switching.
and this means we will see a rally soon after everyone realized this is another drama like everything else. and when Chinese join in with full force they wish they had bought at the bottom.

[Kotone]

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.

[Herbert2020]

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.

[Wind_FURY]

What is the news on this latest dump? What other bad news could make Bitcoin go down below $1000? I agree with some of the comments here. This is a time to look for an opportunity to get in. Sooner or later Bitcoin will start going back to its longterm trend of going up again.

[Vaskiy]

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.

We can expect the same to happen with the bitcoin network. Now surely China use the situation as a chance to grab the best earning out of it. Even before the etf, from the inspection from PBOC China traders and users were struggling a lot. Now it helps them with the ongoing drop.

[Pursuer]

What is the news on this latest dump? What other bad news could make Bitcoin go down below $1000? I agree with some of the comments here. This is a time to look for an opportunity to get in. Sooner or later Bitcoin will start going back to its longterm trend of going up again.

I haven't seen anything new really. it is the same old thing, still the same bitcoin is gonna fork, abandon ship kind of situation.
but yeah, price is now at a low level making it a good entry point for anyone who wanted to buy 2 months ago but couldn't because they said "the price is high".
day traders are enjoying themselves these days though

[ArdiPrabowo]

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

This mean problem in PBOC is clear
and now in china exchanger ready normal withdraw again, i think is good news, if china exchanger problem is finish with PBOC

[Wind_FURY]

What is the news on this latest dump? What other bad news could make Bitcoin go down below $1000? I agree with some of the comments here. This is a time to look for an opportunity to get in. Sooner or later Bitcoin will start going back to its longterm trend of going up again.

I haven't seen anything new really. it is the same old thing, still the same bitcoin is gonna fork, abandon ship kind of situation.
but yeah, price is now at a low level making it a good entry point for anyone who wanted to buy 2 months ago but couldn't because they said "the price is high".
day traders are enjoying themselves these days though

The traders plan of the month must be to short sell Bitcoin now. If that really is the plan, then we should expect this trend to go lower. Placed bids at $800 to $850 just in case there is another dump going there. I might get lucky again

[RoommateAgreement]

it seems like the buy back of coins that were sold has been started but slowly without pushing the price up. the volume is still very high for price like this seems like once again we are rising without Chinese.
although i must say even with their exchanges closed, Chinese have been buying bitcoin ever since. it just is harder for them to do so without an easily accessed exchange service.

[BrewMaster]

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

interesting speculation although that is only one exchange platform though. (i honestly can't remember if BTCChina was the biggest, i always thought OKCoin was the biggest) anyways i can see CNY markets are still active. markets such as OKCoin.cn and BTCC and Huobi each having 5-6 mill $ currently.

[LFC_Bitcoin]

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.

[Denker]

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.

Well this is how mostly all markets work. The big guys play the music and the rest is dancing to it.
If you don't wanna do so as a small guy I recommend ear plugs!
Just hold what you have on coins and sit out, no matter how long it takes.

[york780]

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

[Taki]

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.

Well this is how mostly all markets work. The big guys play the music and the rest is dancing to it.
If you don't wanna do so as a small guy I recommend ear plugs!
Just hold what you have on coins and sit out, no matter how long it takes.

True words. Everything that remines to such simple users as we are is just to ride the wave and get as much as we can from the whole situation.

[Wind_FURY]

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

I am not as optimistic as you. We have seen this kind of price movement in the past. After a dump the price will stay where it has fallen for a few months before going up again or going down again. It will depend on what the market sentiment is during that time. With the Segwit vs. BU story still unfolding and might go on for a long time, I am not that sure it will go up.

[pooya87]

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.

[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.

[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.