China is dumping, prepare for crash.

[shillfudder]

Yes, China is dumping renminbi from 14k CNY to 15.9k CNY  

[lilit]

Yes, China is dumping renminbi from 14k CNY to 15.9k CNY  

I think that the Chinese themselves are shocked by such figures. 😅😅😅😅😅 Until recently, everything was at the level of 14k

[Cherylstar86]

Yes, China is dumping renminbi from 14k CNY to 15.9k CNY  

I think that the Chinese themselves are shocked by such figures. 😅😅😅😅😅 Until recently, everything was at the level of 14k

Yeah this chinese guys will be surprised soon because they cannot beat the bigger whales, and even if they invested a lot with bitcoin; they are just in asia. The western big whales has the bigger investment with bitcoin economy right and you'll be always surprised that price has risen suddenly after the minimal dump happening from the last few days. I believe that those chinese people were intimadated of what's been happening at the current price drops begun to skyrocket again and there is no need to prepare for a crash but to prepare for a godo flight of the skyrocket.

[HaXX0R1337]

Let us see what the Chinese will be doing when their cap with their accounts get removed,i hope they wont dump like you expect them to be and if so we will yet again see the price moving up which again will move your theory to the toss. i really hope you are having a hard day maintaining your speculations for some time now.

[South Park]

Epic fail, another failure in predicting that there will be a crash in bitcoin price that will happen.
Just continue predicting bro there will be one time you might get it right.

True, while bitcoin is still small when compared to the biggest markets we must understand that bitcoin is still in an early stage, however it seems that every day bitcoin remains alive, it becomes stronger and more solid so I think while there is still high volatility, the price of bitcoin is not going to crash as it did in the past I think we have entered a new era for bitcoin.

[slackcryptoz]

It's said that China has lost control on bitcoin just after the investment made by Japan. Also past few months China was not much found in any of the cryptocurrency related activities. So right now the dumping from China doesn't seems to make a crash.

[RodeoX]

Is this the "crash"? Meh, come on we can do better than that. My gut says $1800.

Your gut is bullshitting you bro, I'm looking at the price right now and all I can see is an increasing price unlike any crash I've ever seen, now my gut is telling me whenever you see a price lower than $2100 jump right on it as hard as possible, because we all can see how the market pumped to the moons around $2700, I'd take a risk and will go for at least $300 profit per coin.

lol, you may be right. Don't worry though, I do not trade on "feelings". I trade only on mathematics. But a crash? Man that was barely a fender bender. 

[peter0425]

It's said that China has lost control on bitcoin just after the investment made by Japan. Also past few months China was not much found in any of the cryptocurrency related activities. So right now the dumping from China doesn't seems to make a crash.

True. They want to stay relevant as possible in the bitcoin ecosystem. But how can they be, Japan has overtook them and even South Korea. I think they are now into ETH, pumping in hard and possible crash in the next couple of weeks or month. They should have stay into the mining business, still lucrative to them.

[cpfreeplz]

Is this the "crash"? Meh, come on we can do better than that. My gut says $1800.

Your gut is bullshitting you bro, I'm looking at the price right now and all I can see is an increasing price unlike any crash I've ever seen, now my gut is telling me whenever you see a price lower than $2100 jump right on it as hard as possible, because we all can see how the market pumped to the moons around $2700, I'd take a risk and will go for at least $300 profit per coin.

lol, you may be right. Don't worry though, I do not trade on "feelings". I trade only on mathematics. But a crash? Man that was barely a fender bender. 

$1300 to $100. Now that's a crash. $2700 to $1900? Wtf who cares? It's big but it's not a 90% dip so who gives a flipping crap!?

[richardsNY]

$1300 to $100. Now that's a crash. $2700 to $1900? Wtf who cares? It's big but it's not a 90% dip so who gives a flipping crap!?

Traders do, and actually, I managed to benefit from that dump too. Something that people seem to discard, is the fact that the price was overbought, and thus a dump has been looming for quite a while. One sure thing is that people tend to over-exaggerate things when it comes to dumps. At that time it was exactly what the market needed as it basically made sure that weak hands have largely been set off side.

[ModGirl]

With China pushing this entire rally leading the price with +10-15% we can be sure to see big dumps now that the Chinese prices are UNDER the US/EU prices and falling further.

I do not think that with the dump of China the price of bitcoin will crash because the control on bitcoin is now from Japan as their government have started to use it and to support it and now most of the people in bitcoin are from Japan. I am sure that the price of bitcoin will increase up and will not crash.

[equator]

With China pushing this entire rally leading the price with +10-15% we can be sure to see big dumps now that the Chinese prices are UNDER the US/EU prices and falling further.

I do not think that with the dump of China the price of bitcoin will crash because the control on bitcoin is now from Japan as their government have started to use it and to support it and now most of the people in bitcoin are from Japan. I am sure that the price of bitcoin will increase up and will not crash.

Not only Japan but some more European country have opted bitcoin and due to that only that after short dump it jumped back to the 2300 go 2400 level and now it is slowly picking the price rise and now it will surely reach 4k price and china who are in short position in Bitcoin will face a huge loss if they dont cover their short and go long .

[Snorek]

Chinese exchanges are not out of the game, not yet. bitflyer - the largest Japanese bitcoin exchange had roughly 400k volume (BTC) in last 30 days.
This is basically the only place when people trade BTC to JPY. If we compare this to Chinese exchanges:  okcoin had 558k, btcchina had 481k and huobi 157k.

Source: https://data.bitcoinity.org/markets/volume/30d/CNY?c=e&t=b

[JL421]

With China pushing this entire rally leading the price with +10-15% we can be sure to see big dumps now that the Chinese prices are UNDER the US/EU prices and falling further.

No i can confidently say now that china old strategy of sending warnings to exchanges or maybe saying that bitcoin will soon get banned won't affect the market much. Even if they do the price can drop by max 200$ and surely not more than that. With all new investors and more countries using it china is going to be out powered completely soon

[pealr12]

I do not believe in this kind of speculation that was made by kwuckduck. He already predicted many crashes on bitcoin but none of them truly happen. Bitcoin is taking off preparing to soar higher.

[Dimelord]

Except that the trades are Euros, dollars, and Yen. China lost it's seat as the center of gravity in the last two months. However a big sell-off in China would still send markets down, so I am hopeful for a correction down to -$2k levels. That would be buy sign to me. I could even imagine a $1700-$1600 range crash.

Fund your accounts. If it happens it may not last long!

Even if it sends market down,it would last for very small time only.People all over the world would act immediately if china dumps and they would grab the cheaply available bitcoins.China would lose even its remaining bitcoin holdings to various parts of the world.Mr.kwuckduck,the dragon era has already ended and it would not continue here after.

[SvenBomvolen]

That's the spirit Kwuk! Keep calling for a crash and, damn it, one day you'll get it right!

Hahha Chill man, it's only a speculation trick to make you to sell your bitcoins.
The dump will happen sooner or later. This is bitcoin and we never know how long it is going to raise or how deep it will fall one day.

[South Park]

Is this the "crash"? Meh, come on we can do better than that. My gut says $1800.

Your gut is bullshitting you bro, I'm looking at the price right now and all I can see is an increasing price unlike any crash I've ever seen, now my gut is telling me whenever you see a price lower than $2100 jump right on it as hard as possible, because we all can see how the market pumped to the moons around $2700, I'd take a risk and will go for at least $300 profit per coin.

lol, you may be right. Don't worry though, I do not trade on "feelings". I trade only on mathematics. But a crash? Man that was barely a fender bender.  

$1300 to $100. Now that's a crash. $2700 to $1900? Wtf who cares? It's big but it's not a 90% dip so who gives a flipping crap!?

You must understand that the only way to make money whether you are a day trader or someone that just bought and now is holding, is for the price to change, if it didn’t then trading would be impossible, so any chance in price no matter how small create the opportunity for the astute trader to try to get advantage of the market and make money that way.