BTC price is crashed again

[hb.top]

BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.

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[BillyBobZorton]

BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.

I saw the tweet, it seems to be confirmed already:

https://twitter.com/YourBTCC

The good news is, it cannot get worse than that. The news are finally official, at least one of the big Chinese exchanges is down. Then so what? there's nothing beyond that. Sure they can keep banning every single exchange on China, but the damage will eventually be all absorbed by the bitcoin market. We already saw the only exchange on earth back then (MtGox) going bust, we crashed heavily, then we recovered. If we survived that, how can't we survive China banning some markets? we have exchanges all over the world in 2017, so who cares.

[Rinaze]

This crash can be seen as significant if you compare it to the recent market price movement but it's nothing (or nowhere close yet) if you compare it to just 3 months back!

[electronicash]

the price of bitcoin will dip down to 2500 usd this time, please dump your bitcoin for the btc marketcap will dip down to almost 20 M. give yourself a favor. if you have some bitcoins dump it including your altcoins, this one is going to continue dipping until china decides to announce again about unbanning btc.

[BitcoinHodler]

The news are finally official,

to be fair the "news" was that China has banned bitcoin which has never been true. they have closed exchanges which have been doing illegal stuff as earlier this year we clearly saw it.
they tried regulating them but apparently they have failed to do so. they probably try to do more regulation of exchanges though.

and also they have never said trading bitcoin is banned or anything.

[joseafonso123az]

We have to deal with the crash !! China banning exchanges hit Bitcoin in a way that made it's value decrease a lot. who knows, half of it ! And I don't thnk it will increase before November. So if you are in panic mode, sell them or hold them till the end of the year as I will do !

[subSTRATA]

The news are finally official,

to be fair the "news" was that China has banned bitcoin which has never been true. they have closed exchanges which have been doing illegal stuff as earlier this year we clearly saw it.
they tried regulating them but apparently they have failed to do so. they probably try to do more regulation of exchanges though.

and also they have never said trading bitcoin is banned or anything.

if that's the case, then bitcoin has a pretty good outlook for the future in china; if the chinese government does indeed implement stringent policies on cryptocurrency exchange regulation in the future, that only serves to further the security of cryptocurrency trading in that economy, and we could be looking at a pretty solid price spike as a result in the future.
to be honest though, im getting pretty sick of all this price fluctuation resulting from news out of china, i was sure bitcoin would rise again from 3800 usd after yesterday's events, but looks like im down a few bucks from what i bought yesterday. no worries though, i've full faith it'll recover in no time. still, it's tanked to 3500 usd at the time of this post, thats still shy of 10% but a pretty big impact nonetheless.

[Lorilikes]

The news are finally official,

to be fair the "news" was that China has banned bitcoin which has never been true. they have closed exchanges which have been doing illegal stuff as earlier this year we clearly saw it.
they tried regulating them but apparently they have failed to do so. they probably try to do more regulation of exchanges though.

and also they have never said trading bitcoin is banned or anything.

That was a sensible reply. You are correct.  News like that is purely sensational anymore.  The slight dips will happen and they will come back stronger.  China regulating means money honey.  Lots of it.  Bitcoin will be worth 6,000 usd by mid November- I would bet the farm on it.  If I had a farm. Lol

[goldade]

BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.

Then the crash is because of this news because when I also checked, I realised that what is happening is massive and the FUD is getting real but at the same time, its still not something that would shake someone like me as this is going to be the worst of all events that have happened in the life time of bitcoin.

[cr1776]

People in China who are selling are doing the exact wrong thing: China wants to control their money to control their people. By panicking now and getting back into fiat they give up the freedom from the communist party. If anything, they should be buying more because it won't be long before they see the value of their fiat inflated away.

[Cranidos]

BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.

The Bitcoin price crash is somewhat a good news and at the same time it is also a bad news. Bad news in a way that some people needs the high price of Bitcoin because they depend on it for their earnings. If Bitcoin crash, they will suffer in a loss of fund in a short while. However, some consider this as a good opportunity to get on board. It is the best time to invest some money in Bitcoin since they can purchase more coins at a lower price. So regardless who triggered the price crash, if it is because about the issues in China, nothing is to be feared since the price crash is beneficial for Bitcoin.

[The One]

The price can crash a bit, however i am increasing my btc, via trading, at the same time in order to maintain $ value.

It just got a lot harder that's all.

[YuginKadoya]

the price of bitcoin will dip down to 2500 usd this time, please dump your bitcoin for the btc marketcap will dip down to almost 20 M. give yourself a favor. if you have some bitcoins dump it including your altcoins, this one is going to continue dipping until china decides to announce again about unbanning btc.

Please Stop spreading FUD that might get the price to a even worst situation, if you don't have something good to say just keep it to your self, I think that even if china would do something this rash I am doubting about the banning of bitcoin in their country it is like very unreal to me,

[klf]

The news are finally official,

to be fair the "news" was that China has banned bitcoin which has never been true. they have closed exchanges which have been doing illegal stuff as earlier this year we clearly saw it.
they tried regulating them but apparently they have failed to do so. they probably try to do more regulation of exchanges though.

and also they have never said trading bitcoin is banned or anything.

Yes, they didn't ban any coins but only trading exchanges. This news surely will create a panic in many new Bitcoin investors, but all experienced Bitcoin traders will never sell for losses instead they will buy it now and wait for selling at higher price.

I think all these developments happening are for good because I think Chinese soon or later come up with good regulations to trade and they can minimise all illegal tradings. Whoever wants to go for long term like next couple of years time then this has given an excellent opportunity to buy bitcoins, and other altcoins at lower prices don't miss it.

[Taki]

BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.

I saw the tweet, it seems to be confirmed already:

https://twitter.com/YourBTCC

The good news is, it cannot get worse than that. The news are finally official, at least one of the big Chinese exchanges is down. Then so what? there's nothing beyond that. Sure they can keep banning every single exchange on China, but the damage will eventually be all absorbed by the bitcoin market. We already saw the only exchange on earth back then (MtGox) going bust, we crashed heavily, then we recovered. If we survived that, how can't we survive China banning some markets? we have exchanges all over the world in 2017, so who cares.

Finally a concrete news from at least one exchanger. I have heard the government gave to all exchangers the period around four years to close their activity. But this information wasn't proved yet.
All this situation is affecting on the bitcoins price and panic are getting people to sell their coins, but I agree with you - if China will close their exchangers we gonna have thousands more around over the world.

[qiwoman2]

Yeap Bitcoin has tanked and is going down like 100 dollars every half hour so I see BTC going to around 2k or 2.5k and again the Chinese make our marketcap go to pots. They did it last time and they did it again. It's cool, when BTC goes down more I might be able to afford to buy a whole Bitcoin and if it goes up again then I can make some overall profit. Now it's a bad time to panic and sell anything. If you are holding bags best to hold now for the long term.

[Quidat]

the price of bitcoin will dip down to 2500 usd this time, please dump your bitcoin for the btc marketcap will dip down to almost 20 M. give yourself a favor. if you have some bitcoins dump it including your altcoins, this one is going to continue dipping until china decides to announce again about unbanning btc.

And you would end up on regretting on selling out all of your coins on losses and when the price bounce back for sure you would murmur. haha. but well its still wise to sell on these points specially we are on profits then it should be fine and buyback anytime when the price hit on the possible bottom or support.I do really have the feeling we do reach down again on 2500 price point which is still fine for me because we did increase too much on this year which price corrections do happen specially on some big news made by China.

[cptdome1]

Anyone think other countries will follow suit in banning the exchanges?

[agustina2]

If that is the case then we have nothing do with that. That scene will really have a big effect on bitcoin price.

But always remember that bitcoin is long term so eye for long term goals. Others might be hurt with the price decrease that is happening right now but we are used to experience this kind of crash and eventually the price will be leaped again. This is part of the risk the moment we entered in this kind of world.

[LFC_Bitcoin]

We just have to keep strong hands, this kind of dump isn't good but the price will recover. We've seen this kind of thing before & we'll see it again.