pereira4 (OP)
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Activity: 1610
Merit: 1183
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September 08, 2017, 05:42:06 PM |
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Not really giving a single fuck about what China does into their own regulations. Haven't really bothered when the price kept on dropping to $4300 and just went on to try and buy some coins on our local exchange. Idk why most of the people still sell their coins when prices are dropping, when the charts tell us historically that bitcoin keeps on going up no matter how hard the crash can be.
it works in a chain reaction type of event. Panic sellers think "omg, look at these news rewarding whatever regulation or ban regarding bitcoin or any other crypto, I must sell bitcoin right now because the rest of the people will too!!" There are big amounts of people that think the next guy will sell too. Until all of these market participants aren't cleared out (and again, this may take up to 48 hours due it being a global market) the price doesn't start fully recovering, but once everyone that had to sell sells, bull pressure resumes and the price keeps going up.
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jokowi
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September 08, 2017, 06:15:18 PM |
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China, once again, has pulled a controlled short and made a lot of BTC from unwary panic sellers whose, for some reason, decided selling BTC because some shitcoin's ICO got banned was a good idea. Why did so many idiots sell their cheap BTC? Who knows, but what do we know is, this has been another profitable move by China whose is building stacks of BTC from all the newbies and weak hands that just don't know how to hold. Remember this? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimage.ibb.co%2FhzkPrv%2FPBOC.jpg&t=663&c=h8Et6HeF6HHz0w) The ICO ban is just the same bullshit all over again, so don't fall for their tactics or you will lose your tickets to the moon. I wonder if this is the correct information, today I've heard so much fake information that makes people worried. Many people have sold off their coins.
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eaLiTy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 08, 2017, 06:48:33 PM |
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it works in a chain reaction type of event. Panic sellers think "omg, look at these news rewarding whatever regulation or ban regarding bitcoin or any other crypto, I must sell bitcoin right now because the rest of the people will too!!"
There are big amounts of people that think the next guy will sell too. Until all of these market participants aren't cleared out (and again, this may take up to 48 hours due it being a global market) the price doesn't start fully recovering, but once everyone that had to sell sells, bull pressure resumes and the price keeps going up.
The crypto currency market reacts to every single news and when the dust is settled the priced will pop back up,but this time around i am not sure about how the alt coin market could bounce back like in the past but bitcoin will always bounce back and keep on moving,but the time it takes is the biggest question,with all the price hike this year i do think we will have a bear market for some time before bouncing back.
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pereira4 (OP)
Legendary
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Activity: 1610
Merit: 1183
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September 09, 2017, 12:22:40 PM |
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it works in a chain reaction type of event. Panic sellers think "omg, look at these news rewarding whatever regulation or ban regarding bitcoin or any other crypto, I must sell bitcoin right now because the rest of the people will too!!"
There are big amounts of people that think the next guy will sell too. Until all of these market participants aren't cleared out (and again, this may take up to 48 hours due it being a global market) the price doesn't start fully recovering, but once everyone that had to sell sells, bull pressure resumes and the price keeps going up.
The crypto currency market reacts to every single news and when the dust is settled the priced will pop back up,but this time around i am not sure about how the alt coin market could bounce back like in the past but bitcoin will always bounce back and keep on moving,but the time it takes is the biggest question,with all the price hike this year i do think we will have a bear market for some time before bouncing back. Altcoins will recover too, specially when China has said that the ban is temporary, and not final on all these ICOs. So the ICO bubble will continue. Still plenty of chances to pick the right ICO and get very rich, which is the reason why the coins will recover, people is greedy for easy BTC (because make no mistake, all these gains will be sold for BTC sooner or later, BTC is king, sure some may sell some BTC for fiat, but long term storage in BTC is becoming a cultural thing specially among the millennial that have understood the importance of BTC and see it as a safe bet to get rich long term, unlike trying to win the altcoin lottery)
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makishart
Legendary
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Activity: 3122
Merit: 1029
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 09, 2017, 12:30:45 PM |
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it works in a chain reaction type of event. Panic sellers think "omg, look at these news rewarding whatever regulation or ban regarding bitcoin or any other crypto, I must sell bitcoin right now because the rest of the people will too!!"
There are big amounts of people that think the next guy will sell too. Until all of these market participants aren't cleared out (and again, this may take up to 48 hours due it being a global market) the price doesn't start fully recovering, but once everyone that had to sell sells, bull pressure resumes and the price keeps going up.
The crypto currency market reacts to every single news and when the dust is settled the priced will pop back up,but this time around i am not sure about how the alt coin market could bounce back like in the past but bitcoin will always bounce back and keep on moving,but the time it takes is the biggest question,with all the price hike this year i do think we will have a bear market for some time before bouncing back. Altcoins will recover too, specially when China has said that the ban is temporary, and not final on all these ICOs. So the ICO bubble will continue. Still plenty of chances to pick the right ICO and get very rich, which is the reason why the coins will recover, people is greedy for easy BTC (because make no mistake, all these gains will be sold for BTC sooner or later, BTC is king, sure some may sell some BTC for fiat, but long term storage in BTC is becoming a cultural thing specially among the millennial that have understood the importance of BTC and see it as a safe bet to get rich long term, unlike trying to win the altcoin lottery) have seen this event repeatedly, at the end, the price always recover, even if the news to be appear is the worst. don't know how people always get trapped into these kinds of tricks, maybe they're affected by the fudster around and the fudster are paid by the whales or else. just one most important thing to do in this cryptoworld. keep holding even if you don't sure about what's going on.
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mamabtc
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Activity: 39
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 09, 2017, 01:18:06 PM |
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hehe....china news media work for us directly so PM me if willing to sponsor another bad china news to get discounted BTC from the market. We owe china media and news! Look at the bright side, getting rid of weak hands ensures healthier growth and helps Bitcoin in the long term. You gotta prune the tree every now and then if you want to see it grow high and tall.
Has anyone kept count how many times China "banned" or "unbanned" crypto? I kinda lost track over the years.
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NRF
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 09, 2017, 01:19:23 PM |
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hehe....china news media work for us directly so PM me if willing to sponsor another bad china news to get discounted BTC from the market. We owe china media and news! Look at the bright side, getting rid of weak hands ensures healthier growth and helps Bitcoin in the long term. You gotta prune the tree every now and then if you want to see it grow high and tall.
Has anyone kept count how many times China "banned" or "unbanned" crypto? I kinda lost track over the years.
I hear China want block their exchange. So if it is the truth. that will be nightmare
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