Big Governments Are Crushing Cryptocurrencies -- Bitcoin Down 10 Percent

[South Park]

Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.

A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.

That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.

Coin/Investment Trust   Change 24H*
Bitcoin (BTC)   -9.84%
Ethereum (ETH)   -21.74
Litecoin (LTC)   -24.92
BitConnect   -32.10

This is one of the fundamental issues that usually affect the market value of bitcoin and any other crypto currency. Although the decline is temporal for with time both bitcoin and other crypto currency will bounce back.

Right, this is nothing but speculators taking advantage of the fear the news is going to cause among traders and investors and using that to their advantage, they are crashing the price so they can buy for cheap and then when the price goes back to normal they can get some easy profits.

[que91]

Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.

A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.

That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.

Coin/Investment Trust   Change 24H*
Bitcoin (BTC)   -9.84%
Ethereum (ETH)   -21.74
Litecoin (LTC)   -24.92
BitConnect   -32.10

This is one of the fundamental issues that usually affect the market value of bitcoin and any other crypto currency. Although the decline is temporal for with time both bitcoin and other crypto currency will bounce back.

Right, this is nothing but speculators taking advantage of the fear the news is going to cause among traders and investors and using that to their advantage, they are crashing the price so they can buy for cheap and then when the price goes back to normal they can get some easy profits.

If your base price in dips price is right, you will have a profit from that. But if your predict is wrong, you need wait the price of Bitcoin recovery or take loss before the price of Bitcoin continue falls down, always have trap on market, so be careful!

[2double0]

Wait what? Bitcoin fell all the way from 5k to 4100 and it was more than a 20% dip, where were you at that time?
And when it recovered back till 4650 and then again 4190, you think it's getting more intense?
Governments, big? Which one, China? Neh, I don't believe any of them could harm Bitcoins because it has become the future of money as well as money of common people and when it's about people, governments can't do anything. They can't stop you breathing, right? It's your right to breathe, to say anything you feel, to use whatever you want. And Bitcoin is unstoppable as said by Bill Gates, so thinking too much over these dips could make us go insane.
They are just spreading rumors and shorting as well as making money over the hype, don't fall.

[Oceat]

Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.

A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.

That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.

Coin/Investment Trust   Change 24H*
Bitcoin (BTC)   -9.84%
Ethereum (ETH)   -21.74
Litecoin (LTC)   -24.92
BitConnect   -32.10

This is one of the fundamental issues that usually affect the market value of bitcoin and any other crypto currency. Although the decline is temporal for with time both bitcoin and other crypto currency will bounce back.

Right, this is nothing but speculators taking advantage of the fear the news is going to cause among traders and investors and using that to their advantage, they are crashing the price so they can buy for cheap and then when the price goes back to normal they can get some easy profits.

Oh you mean those whales? If those whales will move of course it could create a panic to every traders and investors since they can manipulate the price range if they want to and could get it back to normal again. If you are always watching the price chart of bitcoin you will notice that whales are moving too fast because it could be too risky to stay long because it could cut their profit once the traders and investors notice it.

[WatchMaker]

Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.

A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.

That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.

Coin/Investment Trust   Change 24H*
Bitcoin (BTC)   -9.84%
Ethereum (ETH)   -21.74
Litecoin (LTC)   -24.92
BitConnect   -32.10

China is the one country with the highest number of cyptocurrency investors.
Currently, China is trying to regulate cryptocurrency exchanges to avoid it people from getting scammed.
That is the reason why there are so many ups and downs in the market.
  

[South Park]

Wait what? Bitcoin fell all the way from 5k to 4100 and it was more than a 20% dip, where were you at that time?
And when it recovered back till 4650 and then again 4190, you think it's getting more intense?
Governments, big? Which one, China? Neh, I don't believe any of them could harm Bitcoins because it has become the future of money as well as money of common people and when it's about people, governments can't do anything. They can't stop you breathing, right? It's your right to breathe, to say anything you feel, to use whatever you want. And Bitcoin is unstoppable as said by Bill Gates, so thinking too much over these dips could make us go insane.
They are just spreading rumors and shorting as well as making money over the hype, don't fall.

Bitcoin harms the self interests of China by allowing unregulated capital flight, I think that in the future some countries are going to ban bitcoin because they think it damages their economies, but unfortunately for them bitcoin is unstoppable and they are going to be unable to control the desire of people to get bitcoin.

[mostkey]

Wait what? Bitcoin fell all the way from 5k to 4100 and it was more than a 20% dip, where were you at that time?
And when it recovered back till 4650 and then again 4190, you think it's getting more intense?
Governments, big? Which one, China? Neh, I don't believe any of them could harm Bitcoins because it has become the future of money as well as money of common people and when it's about people, governments can't do anything. They can't stop you breathing, right? It's your right to breathe, to say anything you feel, to use whatever you want. And Bitcoin is unstoppable as said by Bill Gates, so thinking too much over these dips could make us go insane.
They are just spreading rumors and shorting as well as making money over the hype, don't fall.

Bitcoin harms the self interests of China by allowing unregulated capital flight, I think that in the future some countries are going to ban bitcoin because they think it damages their economies, but unfortunately for them bitcoin is unstoppable and they are going to be unable to control the desire of people to get bitcoin.

as strong as any Chinese want to withstand bitcoin use, this will remain difficult, China being one of the countries with the largest bitcoin enthusiasts, with this ban there may be special access for bitcoin users. and this will be an advantage to the agency that can provide free access to the use of bitcoin that is now banned by China

[olushakes]

Even without Chinese government coming into the space with some of their actions every one already knows that the volatility is bound to happen only what is needed is a reason to hold on and that's what the Chinese government have provided for bitcoin. So whether 10% or 20% we are sure to recover in due time and also a creation of opportunity to everyone to either make something good out of it or complain.

[South Park]

Wait what? Bitcoin fell all the way from 5k to 4100 and it was more than a 20% dip, where were you at that time?
And when it recovered back till 4650 and then again 4190, you think it's getting more intense?
Governments, big? Which one, China? Neh, I don't believe any of them could harm Bitcoins because it has become the future of money as well as money of common people and when it's about people, governments can't do anything. They can't stop you breathing, right? It's your right to breathe, to say anything you feel, to use whatever you want. And Bitcoin is unstoppable as said by Bill Gates, so thinking too much over these dips could make us go insane.
They are just spreading rumors and shorting as well as making money over the hype, don't fall.

Bitcoin harms the self interests of China by allowing unregulated capital flight, I think that in the future some countries are going to ban bitcoin because they think it damages their economies, but unfortunately for them bitcoin is unstoppable and they are going to be unable to control the desire of people to get bitcoin.

as strong as any Chinese want to withstand bitcoin use, this will remain difficult, China being one of the countries with the largest bitcoin enthusiasts, with this ban there may be special access for bitcoin users. and this will be an advantage to the agency that can provide free access to the use of bitcoin that is now banned by China

As long as the reasons to use a cryptocurrency exist then people are going to keep using crypto, it is not wonder why China has the most people interested in crypto because that is a country with heavier regulation than countries in the west and as such people want to be free from those constrains.