End of bubble, recovery impossible.

[pereira4]

Ethereum and OmiseGo (OMG) is the future, both will be PoS and implement Plasma (1 million tx/second), maybe even KyberNetwork Decentralized Exchange... not this slow crapcoin with incredibly large fees programmed by incompetent developers.
 
Bitcoin has brought us a new idea, but we have better uses than crippled bitcoin for it.

Two facts here:

1) There is no such thing as "Crypto 3.0 coins", whatever that means. Thereum, OmiseGO, IOTA and whatever else you want to mention are scams. Bitcoin reigns supreme.

2) Kwukduk is a troll that has been wrong a million times. Here's just a glimpse of this poster's past history:

"The crash continues, dead cat bounce."
https://bitcointalk.org/index.php?topic=918368.msg10086490#msg10086490

"Who bought this latest dead cat?"
https://bitcointalk.org/index.php?topic=953177.msg10434758#msg10434758

"return of the dead cat"
https://bitcointalk.org/index.php?topic=930100.msg10211279#msg10211279

"wow dead cat bounce. surprise!"
https://bitcointalk.org/index.php?topic=1233435.msg12844148#msg12844148

"SURPRISE! Dead cat bounce."
https://bitcointalk.org/index.php?topic=1048416.msg11281894#msg11281894

And it goes on and on for years.

[baritus]

With bitcoin the price recovery is quite common and it happens in unexpected time. Importantly most of the people feel panic of price drop and focus on selling their long term holdings. This will be used as an opportunity by the people who believe in the upcoming price pumping and buy as much possible. The recent price pumping towards $5000 was termed to be a bubble, but that's not the real fact. The growth is all because of increasing adoption.

Increasing speculation != Increasing adoption

[RodeoX]

Forget about all the other times I was wrong. This time... this time it's for sure. 

I cannot understand for what you have said as sure. Will it recover back in value or price will decline to lowest value. I expect bitcoin should recover with in a week of time. I have some money for personal commitment. If this runs like this badly I cannot able to manage the situation also. Exactly bitcoin price is started falling when the time 00.01 UTC. We need to identify the cause of this.

Look at the post history of kwukduck for the punchline. 

A broken clock is right twice a day, remember that! ...

Then I guess this proves Duck is not a clock. He has been predicting the imminent desth of bitcoin for years and has yet to be right once. Much less twice a day.

[oda.krell]

Then I guess this proves Duck is not a clock. He has been predicting the imminent desth of bitcoin for years and has yet to be right once. Much less twice a day.

reminds me of something...

[exstasie]

Forget about all the other times I was wrong. This time... this time it's for sure. 

I cannot understand for what you have said as sure. Will it recover back in value or price will decline to lowest value. I expect bitcoin should recover with in a week of time. I have some money for personal commitment. If this runs like this badly I cannot able to manage the situation also. Exactly bitcoin price is started falling when the time 00.01 UTC. We need to identify the cause of this.

Look at the post history of kwukduck for the punchline. 

A broken clock is right twice a day, remember that! ...

Then I guess this proves Duck is not a clock. He has been predicting the imminent desth of bitcoin for years and has yet to be right once. Much less twice a day.

Actually, the analogy seems good here. A broken clock is only accurate for 2 minutes every 24 hours (or once every 720 minutes). I'm guessing kwukduck hasn't made 720 price predictions in his time on Bitcointalk, so he might actually be more accurate than a broken clock.

Holding out some hope that the long term top hasn't been established. But this is very ugly. China ban + dumping right through the last flag/consolidation? That's brutal. Many new bagholders were just created.

[Wilhelm]

Forget about all the other times I was wrong. This time... this time it's for sure.  

I cannot understand for what you have said as sure. Will it recover back in value or price will decline to lowest value. I expect bitcoin should recover with in a week of time. I have some money for personal commitment. If this runs like this badly I cannot able to manage the situation also. Exactly bitcoin price is started falling when the time 00.01 UTC. We need to identify the cause of this.

Look at the post history of kwukduck for the punchline.  

A broken clock is right twice a day, remember that! ...

Then I guess this proves Duck is not a clock. He has been predicting the imminent desth of bitcoin for years and has yet to be right once. Much less twice a day.

Actually, the analogy seems good here. A broken clock is only accurate for 2 minutes every 24 hours (or once every 720 minutes). I'm guessing kwukduck hasn't made 720 price predictions in his time on Bitcointalk, so he might actually be more accurate than a broken clock.

Holding out some hope that the long term top hasn't been established. But this is very ugly. China ban + dumping right through the last flag/consolidation? That's brutal. Many new bagholders were just created.

To sound Matrixy "There is no China Bitcoin ban"

As far as I know ...
- There are other Chinese exchanges still operating (Huobi and OKCoin).
- There has not been any official statement towards Bitcoin being banned.
- We have seen this before ... FUD FUD FUD

[illyiller]

To sound Matrixy "There is no China Bitcoin ban"

As far as I know ...
- There are other Chinese exchanges still operating (Huobi and OKCoin).
- There has not been any official statement towards Bitcoin being banned.
- We have seen this before ... FUD FUD FUD

Bitcoin is not being banned; I don't think anyone was saying that. But cryptocurrency trading and bitcoin exchanges are, at least temporarily. This is pretty clear by now:

Yicai Global (China Business News) biggest official media in Shanghai reporting that city has verbally halted Shanghai #bitcoin exchanges

https://twitter.com/luluyilun/status/908271885883817984

After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30.

https://twitter.com/YourBTCC/status/908285586368167936

So yes, exchanges are literally being shut down. Based on the NIFA statement, it's probably temporary, but nevertheless, the two stories above were enough to move the market in a major way. According to Charlie Lee, Okcoin and Huobi are set to meet with regulators within the day. There could be more bad news coming as a result.