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iamTom123
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September 14, 2017, 01:34:21 PM |
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This wouldnt happen if more people in NA use btc. China could be a minority. its just one country in the world that can bring the price down. imagine another country becomes big on btc.
You can be right. There is really an imbalance of the distribution of Bitcoin resulting into one or two countries almost having a grip of the whole market. However, it is also impossible to create an artificial distribution just for the sake of balancing the whole thing. This is all about demand so if there is really no big demand for a number of countries then there is nothing we can do about it. Right now, maybe it is really about time we disconnect Bitcoin from China. Bitcoin is not made in China so we can all have the best of our cryptocurrency journey without that country. |
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Eram
Newbie
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Activity: 31
Merit: 0
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September 14, 2017, 01:35:11 PM |
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What a panic over a measure to get some regulation, safety and stability going. Seems like an excellent time to invest more in bitcoin to me.  |
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cryptocoinplay (OP)
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September 14, 2017, 01:36:12 PM |
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What a panic over a measure to get some regulation, safety and stability going. Seems like an excellent time to invest more in bitcoin to me. haha! Maybe you dont have money in wallet as you seems happy  |
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
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September 14, 2017, 01:37:18 PM |
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China is not doing anything to you. If you are familiar with the history of BTC you know all about how Chinese rumors are used to manipulate the market. Like other forms of fake news they start with a grain of truth. As best I can tell the Chinese government is going to crack down on ICOs. They think they are really just scams, which is basically correct. It's actually a boost to bitcoin. However there is more money to be stolen made in a fearful market. Fear caused people to act stupidly and that is the moment they will sell their coins cheep.
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willywonkaaa
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September 14, 2017, 01:37:31 PM |
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I just lost a god damn car with this crash...anyone know why the fuck Ark is up 20 percent when the entire market is tanking?
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SchlaWinner
Full Member
Offline
Activity: 131
Merit: 100
Invent Bacon-Coin and see me HODL
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September 14, 2017, 01:39:31 PM |
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This wouldnt happen if more people in NA use btc. China could be a minority. its just one country in the world that can bring the price down. imagine another country becomes big on btc.
Can only partly agree - if another country goes bit on btc (not saying several other countries arent relatively big already) - regulations follow rather quickly.. Its just unfortunate that China took these steps so quick.. along with this JP morgan dickhead and bunch of other bad news hitting the market.. this is like the worst possible month PR-wise for Bitcoin.. The Problem grows further - BTC is hitting the mainstream - but if youre not involved with btc you get maybe 10% of the news we in here get after all.. and those news mostly consist only of "btc grew xxx%" followd by Dimons comment and news from china that bitcoin is a scam/ will get shut down This takes away BTCs chance right now to become big and accepted by the masses, because how can a spokesman of the big banking system be full of bulls*** on this topic? Makes it easier to stay away from crypto and less likely that people feel like they are msising out on a big opportunity which is to actually devalue and take power from the big players in the game and build their own system long-term.. |
I am too awesome to even do Signature campaigns.
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willywonkaaa
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September 14, 2017, 01:40:10 PM |
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One of the big reasons for this crackdown was the plight of millionaire class to move their funds abroad. they were using cryptos to easily avoid the 50k unit restriction for funds leaving china. one millionaire even went so far as to sue himself using a shell company in order escape the grip of the communist money restrictions it was in the news.
so it kinda makes sense that china is finally cracking down wanting to centralize its power once again and subject its people to its whims
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paladium
Sr. Member
Offline
Activity: 448
Merit: 250
CHIEF GROWTH OFFICER OF GLOBAL ENTERPRENEUR
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September 14, 2017, 01:41:00 PM |
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China continues to ruin everything. Let's see how much more the market will cover .
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e-coinomist
Legendary
Offline
Activity: 2380
Merit: 1085
Money often costs too much.
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September 14, 2017, 01:42:38 PM |
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$ 2960 been the hights several time, and resistances tend to turn into support lines. This worst option could be assumed between former ATH from 2013 and this level. We are still above $ 3200 which I recognize of having been the area on a 6 days prolonged timespan. Will not drop through that in just minutes. Maybe a full mempool and highest fees can slow down this melting process. |
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bulala
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September 14, 2017, 01:42:58 PM |
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this shouldn't be happening....china cant just be deciding all the time...as a community it important we start a campaign that will drive other countries to have a say in the price movement.
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cryptocoinplay (OP)
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September 14, 2017, 01:43:08 PM |
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China continues to ruin everything. Let's see how much more the market will cover .
This is really Confusing...!!! |
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KDjr
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September 14, 2017, 01:45:10 PM |
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OMG.. what happened BTC now? i'm already stress right now.. why BTC falling down so much.. i'm lost 500$ now.. hope this issue from china just hoax to make BTC falling down.. cause before 1 month ago, BTC grow to much..  |
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Paashaas
Legendary
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Activity: 3430
Merit: 4358
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September 14, 2017, 01:45:55 PM |
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Don't listen too everyone on bitcointalk.
If i remember correctly, people were saying 5k was really cheap..
Everything below $100k is cheap  |
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Tykhe
Newbie
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Activity: 20
Merit: 0
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September 14, 2017, 01:46:55 PM |
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OMG.. what happened BTC now? i'm already stress right now.. why BTC falling down so much.. i'm lost 500$ now.. hope this issue from china just hoax to make BTC falling down.. cause before 1 month ago, BTC grow to much.. Yeah I also lost a quite amount of money, but I better HODL than panic sell  |
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smajler
Member
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Activity: 125
Merit: 14
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September 14, 2017, 01:47:34 PM |
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interesting where this is going? we will see again 2500$ ?
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sagarnyc
Newbie
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Activity: 36
Merit: 0
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September 14, 2017, 01:50:02 PM |
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All I will say is HODL HODL and HODL buy more on dips with different lower percentage if you can and wait for the pullback.
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cryptocoinplay (OP)
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September 14, 2017, 01:50:27 PM |
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Don't listen too everyone on bitcointalk.
If i remember correctly, people were saying 5k was really cheap..
Everything below $100k is cheap lol! yOU GUYS ARE SICK  |
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cellard
Legendary
Offline
Activity: 1372
Merit: 1252
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September 14, 2017, 01:52:51 PM |
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Too bad that USA keeps bashing btc. lol its crazy that asia and europe has a bigger influence on btc.
I'm waiting for my heart attack. You should have known that Bitcoin is not for the faint hearted. We are making a revolution here, ups and downs come with the territory. If you want a nice and smooth travel, you should have never gotten involved with Bitcoin. Disruption means getting rich after traveling across numerous heavy storms. Long term hodlers will, as always, win. And if you think about it, it's not China or USA or whatever else's fault, but the people that panic sell, these are ultimately the ones that crash the market. If no one reacted to the FUD, we wouldn't have crashes. It's simple. |
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mhurkan
Newbie
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Activity: 43
Merit: 0
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September 14, 2017, 01:53:41 PM |
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it is a very big damage which will be healed in 1 year and more. If it breaks 3000$ barrier, BTC may crash to 1000$'s.
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Maveth13
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September 14, 2017, 01:56:16 PM |
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If you're worried over a $1000 decrease, then you should be ready for more. You haven't really lost anything yet as long as you haven't sold anything. I don't know why you're panicking too much on such small changes, guess you're one of those beginners who keeps falling for FUDs and are too obsessed on such minor fluctuations.
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