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Red Fish
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September 14, 2017, 02:08:49 PM |
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If we look in 3 months Bitcoin chart - https://coinmarketcap.com/currencies/bitcoin/, then we can see that price drop is not so large. So Bitcoin price can stay at the same level or go up again. Do not forget that total bitcoin volume can be only 21 000 000, so most possible Bitcoin price will go up. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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cybersofts
Copper Member
Sr. Member
 Offline
Activity: 658
Merit: 284
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September 14, 2017, 02:09:06 PM |
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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/YourBTCCThe 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. China is doing what they think IS RIGHT that can help their country's economy by stopping people from investing on cryptocurrency. Well, good for them! Bitcoin will survive with China or without it. The rest of the world will continue to use bitcoin because it fast, secure, decentralized and low transaction fee. Let china go that will not be the end of the world?  |
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traderethereum
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September 14, 2017, 02:09:33 PM |
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i think we are in a sensitive situations which is many people still want to hold their bitcoin but in the other side, they can not denied that they are in panic mode to see the price is fallen too deep. but i am believe that bitcoin is strong enough to handle this fallen and will be recover soon. i think its a test for bitcoin to know how strong and how good bitcoin for the people.
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hahay
Legendary
Offline
Activity: 3444
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
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September 14, 2017, 02:12:54 PM |
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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.
What trades will be closed? I also see the price of btc falling badly and I'm freaking out with it, but there's no other choice for me because now I'm also needing money for a need to build a real world business, before the btc price falls below $2000 I better sell it now. |
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lumeire
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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September 14, 2017, 02:13:17 PM |
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Anyone think other countries will follow suit in banning the exchanges?
Why would they even do that? I've read from somewhere that the closing exchange was doing fishy stuff in the background, so hopefully that's just the only exchange affected. |
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thoham
Newbie
Offline
Activity: 43
Merit: 0
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September 14, 2017, 02:14:24 PM |
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Yes the price of BTC is crashed again because some speaks of a stupid CEO and a fake new from mafia China. Welcome to the cruel world , where traps are everywhere!
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bamboylee
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September 14, 2017, 02:15:14 PM |
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If they'll close, they close. Bitcoin users will just move from one exchange to another. The price will fall as they exit the exchange, but it will recover soon. Not all of those who dump their coin if btcc closes will remain on fiat. I am sure they will buy bitcoin on another exchange and that will pump bitcoin up again.
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mharz
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September 14, 2017, 02:25:59 PM |
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i think we are in a sensitive situations which is many people still want to hold their bitcoin but in the other side, they can not denied that they are in panic mode to see the price is fallen too deep. but i am believe that bitcoin is strong enough to handle this fallen and will be recover soon. i think its a test for bitcoin to know how strong and how good bitcoin for the people.
I decide to sell half of my bitcoin to lessen the damage I got if in case bitcoin value was totally fall down. However I have no doubt that bitcoin value was raising I do to sell my bitcoin to secure and to protect my investment. |
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chineseprancing
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September 14, 2017, 02:35:38 PM |
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i think we are in a sensitive situations which is many people still want to hold their bitcoin but in the other side, they can not denied that they are in panic mode to see the price is fallen too deep. but i am believe that bitcoin is strong enough to handle this fallen and will be recover soon. i think its a test for bitcoin to know how strong and how good bitcoin for the people.
I decide to sell half of my bitcoin to lessen the damage I got if in case bitcoin value was totally fall down. However I have no doubt that bitcoin value was raising I do to sell my bitcoin to secure and to protect my investment. Wow nice decision, there no wrong on your tactics however I hope you cannot regret on the decision you been made. Moreover I think if I'am on your feet I do the same, but I have no savings in my wallet. Because I always used it for the needed of my family. |
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reymarkperry
Member
Offline
Activity: 201
Merit: 10
https://rangersprotocol.com/
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September 14, 2017, 02:40:24 PM |
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I don't known btccc before any I think nothing worry about that. If btccc close we have btc-e back. that's all
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aretebit
Member
Offline
Activity: 84
Merit: 10
All that glitters is not bitcoin
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September 14, 2017, 02:47:13 PM |
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I don't known btccc before any I think nothing worry about that. If btccc close we have btc-e back. that's all
Btc-e is great. Problem is that this might suggest that all chinese exchangers will close. |
Dirty evil government thieves: Return me my money!
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willywonkaaa
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September 14, 2017, 02:47:32 PM |
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there it goes boys, kiss it goodbye. 20 billion just wiped off! See Ya!!!!
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seasonw
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September 14, 2017, 02:48:10 PM |
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Welcome to communist world, anything also can ban, nothing surprise  |
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janedt
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September 14, 2017, 03:06:52 PM |
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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.
Is this why the price of bitcoin crashed again ? Seriously i'm really afraid right now, i thought the price will stable on $3,750 after that huge crashed but nope, it's crashed again. My plan to hold my bitcoins is become not again, i'm playing safe right now, just sold all my bitcoins at $3,550. I'm afraid the price will continue crash until 30 sept. |
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BlackPanda
Legendary
Offline
Activity: 1414
Merit: 1001
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September 14, 2017, 03:08:38 PM |
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If they'll close, they close. Bitcoin users will just move from one exchange to another. The price will fall as they exit the exchange, but it will recover soon. Not all of those who dump their coin if btcc closes will remain on fiat. I am sure they will buy bitcoin on another exchange and that will pump bitcoin up again.
yes this incident may be a normal thing. just a panic just to make people busy selling bitcoins they have. but if you look at the decline in price we would all be surprised. suddenly the price of bitcoin easily drops, whereas seeing the development of bitcoin at this time should be bitcon price increase. this fall is only a moment, we have to wait until the time actually arrives. |
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chickenado
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September 14, 2017, 03:29:56 PM |
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Are you guys even listening to yourself? There is no "BTC ban". Dear god, please let it rain some brain.
I must agree with you mate, this is now becoming chaos to everybody whose closely engaged to bitcoin. Can we just let those speculation let go and we should move on with the visions we wanted for bitcoin? well it sounds funny but lately bitcoin price dropped at worse due to paranoid holders. We're already nearing to reach our goals but sadly frustrations prevails. |
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Karmakid
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September 14, 2017, 03:39:06 PM
Last edit: September 14, 2017, 03:51:36 PM by Karmakid |
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I think that the crash is just normal to the crypto currency it happens every once in a while so don't panic.
Other's would take this as an advantage to earn I think we should buy some while its dropping.
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player514
Legendary
Offline
Activity: 1414
Merit: 1039
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September 14, 2017, 03:41:08 PM |
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Are you guys even listening to yourself? There is no "BTC ban". Dear god, please let it rain some brain.
I must agree with you mate, this is now becoming chaos to everybody whose closely engaged to bitcoin. Can we just let those speculation let go and we should move on with the visions we wanted for bitcoin? well it sounds funny but lately bitcoin price dropped at worse due to paranoid holders. We're already nearing to reach our goals but sadly frustrations prevails. I mean, even though there may not be a "ban" yet, it certainly seems like the market is being attacked as if it was a ban and so are multiple exchanges. We just saw BTCC make their big announcement which dropped BTC by 20$. Even though it may not be a ban it definitely is having those effects on the coin. |
This area is up for grabs! PM me if you're interested.
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MrCrank
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September 14, 2017, 03:42:43 PM |
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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.
I don't think that price down to 2500.. My opinion need buy BTC for cheap price now. After some days price will be rise to 5000 USD again. Don't panic friends  |
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Quietman
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September 14, 2017, 04:12:40 PM |
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It is so natural for some users to panic whenever bitcoin decreases its value. Seems like most of them did not experienced this kind of situation. It is definitely not a right time to dump your bitcoin and wait for it to pump again. This year wont end with bitcoin having a low value. And it is possible that it will even reach a 5000$ mark. So hold and buy in.
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