Bitcoin Price Goes down after a tweet by Charlie Lee

[zycrypto]

Charlie Lee tweeted a post saying that

"LOOKS LIKE THIS TIME CHINA FINALLY BANNED BITCOIN EXCHANGES. (ANONYMOUS SOURCE I TRUST FULLY) THERE’S ONLY ONE RESPONSE: JUST HODŁ 😁"

Read more => https://zycrypto.com/bitcoin-price-goes-tweet-charlie-lee/

[bitorama]

So just HODL, we trust bitcoin

[Xypherian]

Apparently, as Mr. Trump said, fake news. I will wait until confirmation to be honest.

[Jating]

There are a lot of activity going on really on China about bitcoin, but its not bitcoin that they are banning, if the news are true, its the exchanges that they are targeting. I don't know if his tweet has something to do with the price going down. But I do agree that we should hodl our bitcoin and see what will be the official announcement of the government. Huobi, OKCoin and BTCChina though has not release any official statement as well regarding the plan of shutting down local exchanges.

[Whiplash Wally]

Looks like he backpedaled on the initial tweet. Probably nothing more than we've been hearing all week.

[Karazorkitas]

He twetted this

F this. I'm out. Banning myself from Twitter for 3 days. Tired of trying to do the right thing and get shat on. To tired of this 💩.

https://twitter.com/SatoshiLite/status/907697563695947776

[Meuh6879]

[100bitcoin]

Good news. Many weak hands came on board at the latest price rally. We need stronger hands to reach the moon.

[Crytpozer0]

That guy posted that ridiculous tweet was not nescerssary, why the heck would he tweet that knowing he has a ton of followers and is trusted by many? Bet he traded his LTC to BTC !

[NorrisK]

He twetted this

F this. I'm out. Banning myself from Twitter for 3 days. Tired of trying to do the right thing and get shat on. To tired of this 💩.

https://twitter.com/SatoshiLite/status/907697563695947776

I think he is right by doing that. No matter what he does, people shit on him.

If he had kept the news, people would blame him that he was not sharing it. When he decides to share it, this happens.

[Ultegra134]

Truth or not, there is plenty of FUD involved around Bitcoin's price lately, any fake news might even have a slight impact to its price, which has been pretty volatile and fluctuating constantly, but still standing above $4000.

I Don't expect much from Bitcoin for the next few weeks or months (Till November at least), with all these happenings, it's best to simply hold your Bitcoin and hope for the best.

[N@p$t3r]

Too much China this week gringo. I would like to wake up one morning in a Chinaless world. I wonder if mi amigo Charlie has down syndrome. jajaja! just goofing around. don't take it seriously eh.

[Meuh6879]

We need stronger hands to reach the moon.

Moon, it's 1000 USD stable.
Mars is 5000 USD stable.

[jamespx]

KEEP HODLING! KEEP BUYING!

I remember they were spewing a similar tune to this one a year ago
when I first bought at Paxful.

[youngwebs]

We need stronger hands to reach the moon.

Moon, it's 1000 USD stable.
Mars is 5000 USD stable.

This seems to be a realistic approach!. Prices are moving up and down, but despite all bad news of last days, the price is stable within a 300 dollar bandwidth!!
Moon is alreay months behind us, we are almost at mars, but Milky-way is in sight!!
Golden Stars for every Bitcoin Hodler!!

 

[Halcyon Days]

I doubt, that the reason was just his tweet. But nvm. Who is Charlie Lee btw?

[vit05]

I doubt, that the reason was just his tweet. But nvm. Who is Charlie Lee btw?

I think you are joking because in your signature it says LTC. So he is the founder and I think you should have know that before investing in Litecoin. Besides that, his brother is the founder of one of BTCC. The biggest exchange in china. https://www.google.com/search?q=BTCC+founder+Bobby+Lee&rlz=1C1CHZL_pt-BRBR750BR750&oq=BTCC+founder+Bobby+Lee&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8

[TryNinja]

I think he is right by doing that. No matter what he does, people shit on him.

If he had kept the news, people would blame him that he was not sharing it. When he decides to share it, this happens.

He said that the China ban is still just a rumor, yet, he posts something like that without knowing if it's true or not.

"Because it's still a rumor. Nothing official yet."
https://twitter.com/SatoshiLite/status/907678870962290689

He also said afterwards that he didn't knew that he could crash the market with his "rumors", as if he did not know how influential he is to the ecosystem of cryptocurrencies.

He shouldn't post something like "China will ban Bitcoin", and then afterwards correct to "China will ban all Bitcoin exchanges" if he is not sure about that. People trust him, and they will believe on his words.

I doubt, that the reason was just his tweet. But nvm. Who is Charlie Lee btw?

What else could have crashed the market?

[100bitcoin]

We need stronger hands to reach the moon.

Moon, it's 1000 USD stable.
Mars is 5000 USD stable.

Moon is 10k USD by 2020.

[JL421]

another bad news related to bitcoin i don't understand why is all this happening we all were happy with the price the volume was really high and people were genuinely interested in bitcoin and now a simple tweet or a news leads to fall in price i hope all this stops otherwise there won't any difference in bitcoin when compared to mainstream media