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Realist247
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September 15, 2017, 02:06:14 AM |
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I am seeing an enormous amount of ignorance on this thread.
First most, if not all of those posting here, do not understand that China has a censorship/firewall system that can block anything and everything related to BTC if they so choose. How can people put their money in something if they have zero ability to access exchanges let alone have the ability to see the current price? China already does this to a large % of websites and search engines. Most businesses and government entities like the US military have had these censorship systems for years. It's just a matter of how far of a web that they want to throw down on their people.
If there is a financial crisis in China, and it's in the cards, there will likely be capital controls. The first target will likely be cryptocurrencies to stop outflows. The USA is already doing everything they can to enforce capital controls without actually calling them as such. How long will it take or what event must occur before covert controls do not turn overt? I read things about the US Constitution. Since when has it been followed? Most laws on the books now, especially financial, are unconstitutional. The problem is that politics prevents these "laws" from ever making it to the Supreme Court to be overturned.
Cryptos can be shut down by most governments and at any time they choose, regardless of their laws. Martial law can change everything regardless of what is on the books in a democratic system or a republic where the individual is sovereign.
No matter how much people are insisting it, they understand neither due process or history. They don't understand that governments, even in "free" countries can seize or censor whatever they want whenever they want to do so. In some ways, the internet makes censorship even easier than ever before. This is the true risk of BTC...and probably one that most do not want to think about let alone admit.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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germa66
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September 15, 2017, 02:07:13 AM |
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I think there is now a panic where -man, it makes bitcoin prices more mudslides especially traders, most of them choose to sell their Bitcoin and wait time to buy below.
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cryptokitty
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Global Blockchain Solution For Transportation
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September 15, 2017, 02:08:54 AM |
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I don't know what will happen next week. The price of bitcoin now are very affected by the fake news and some tweets that are spreading in the internet. A little bit worried but let us just hope and see the latest news in the next few days.
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aryaadikariyansyahsuwarto
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This Is Promissing Project
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September 15, 2017, 02:29:12 AM |
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Where you can come to that conclusion, when you realize from the beginning that the bitcoin is fluctuating, so the bitcoin is quite up and down the price, maybe you do not understand about bitcoin and its properties.
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r1nd3m1r4
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September 15, 2017, 02:41:49 AM |
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what is the basic reason you made this topic? logically the price of bitcoin is still stable even this month has increased, so I think very far your prediction if you mention that bitcoin will be destroyed this month
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Jembut Ireng
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September 15, 2017, 03:23:58 AM |
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I'm sure this is a temporary panic, chinese users do not react too much with this issued, they keep bitcoin and I'm sure it's done soon and bitcoin prices will go back rising.
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davids
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September 15, 2017, 03:40:13 AM |
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The price of bitcoin fall aftermath of Chinese exchange BTCC's trading stoppage announcement. China people is selling because they want their money out of exchanges before they are shut down
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sishahid
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I am a Professional Graphic Designer
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September 15, 2017, 03:59:40 AM |
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The reduced price is a matter of concern. The price is not always the same. It may increase or decrease the price. But there is no reason to destroy it
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Darker45
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🙏🏼Padayon...🙏
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September 15, 2017, 04:03:26 AM |
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I donot understand what are going to on bitcoin?Bitcoin dumping and dumping  .Now bitcoin under 3600$ i think in this week its going to under 3000$.China can destroy bitcoin or ended this month.What your predict ? My prediction is that you are all wrong.  Bitcoin surviving all this time and then destroyed by china in just a blink of an eye? Nah. Will not happen, dude! It may affect the value since the market there is big, but crashing down simply because of it? It is not happening, ever. |
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Md Kayum Uddin
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September 15, 2017, 04:04:31 AM |
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Chaina banned bitcoin so a great damage or destroy in the market of bitcoin. It falling down and down.it may be down to line of 3000$ in week. It is the main problem of bitcoin market.
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Dudeperfect
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September 15, 2017, 04:42:27 AM |
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To be honest, I am enjoying these 'Bitcoin is or will be dead' because I believe that current price decrease is a part of correction process and has nothing to do with the existence of the Bitcoin. In fact, I was expecting and appreciate this price correction because such incidents are beneficial for the natural growth of the Bitcoin. I bet, Bitcoin will be there for years to come but with an unstable price.
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quarkyplum
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September 15, 2017, 04:53:40 AM |
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I donot understand what are going to on bitcoin?Bitcoin dumping and dumping .Now bitcoin under 3600$ i think in this week its going to under 3000$.China can destroy bitcoin or ended this month.What your predict ? My prediction is that you are all wrong. Bitcoin surviving all this time and then destroyed by china in just a blink of an eye? Nah. Will not happen, dude! It may affect the value since the market there is big, but crashing down simply because of it? It is not happening, ever. If simple like that, we do not have the volume trading around ~ 1 - 5 billion dollars every day. I do not know the FUD of China really makes the price of Bitcoin can falls down easy like now, it needs to has someone dump their coins and take a huge profit for buy back  |
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wurth
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Blockchain Just Entered The Real World
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September 15, 2017, 05:30:29 AM |
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The price of bitcoin fall aftermath of Chinese exchange BTCC's trading stoppage announcement. China people is selling because they want their money out of exchanges before they are shut down
China + the word of Jamie Dimon - CEO of bank JPMorgan - are reason make the price of Bitcoin has crashed today. However, you do not need to worry about that, it is a FUD and we will see new reason makes the price of Bitcoin comeback soon |
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waynechong1995
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swing!
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September 15, 2017, 05:33:06 AM |
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Worst case it would go down to range of $2500~$3000, where China is not heavily involved.
BTC is not dying, we can see that the buying volume surged despite of dump in which would form a sorta safe net, players are eating up cheap BTC now.
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dificanovi
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September 15, 2017, 05:37:53 AM |
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I do not think bitcoin will be destroyed because in some countries there are already transactions with bitcoin, but bitcoin is currently experiencing a drastic decline. hopefully the bitcoin quickly rose again the price.
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paragon07
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September 15, 2017, 05:42:42 AM |
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bitcoin will not end, i think it will destroy this month if the market cap of china is ban. but we need to stay strong using bitcoin. bitcoin can survive to this crisis.
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Yasirmrd
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September 15, 2017, 05:44:01 AM |
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I think there is now a panic where -man, it makes bitcoin prices more mudslides especially traders, most of them choose to sell their Bitcoin and wait time to buy below.
The price shed 11% in last 24 hours due to the rumors and the closer of a bitcoin exchange in china but according to the news other exchanges are working as usual in china as they say they do not receive any instructions from central bank of china. In my opinion the price will recover. Due to usual huge fluctuations in the price of bitcoin other investors also sell bitcoin thinking they can minimize their loss but in my opinion the price will recover and will go high as other exchanges are working normally in china. |
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willamddmaddy
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September 15, 2017, 05:53:48 AM |
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My conspiracy theory is that China wants reduce the price of bitcoin cash's price so their countrymen can buy at lower price. Then start promoting again.
lol but it is true, too many times china use this strategy to make btc price dumped but it is work. maybe need to hold longer time so btc can back to rise again Only option is too really hold on our bitcoin after this deluge that we are facing. I don't know if your conspiracy is true, but everyone loves to buy in dip so I'm expecting that a intelligent investors would enter the market right now because the price is too cheap. It just sad to see that after the Aug 1 split bitcoin price was not deter by it but the opposite had happen. Then China and all their shenanigans started to pull back the price because they are now waging war on bitcoin buy banning ICO then now closing local exchanges. But someone like Japan can really step up and continue to buy more bitcoin to offset this panic. On another thread i read that true bitcoin is only one and it has 21 million limited supply. Others can be named as bitcoin but they are not. |
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Kahoy01
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September 15, 2017, 05:56:18 AM |
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I donot understand what are going to on bitcoin?Bitcoin dumping and dumping .Now bitcoin under 3600$ i think in this week its going to under 3000$.China can destroy bitcoin or ended this month.What your predict ? That is very impossible. Bitcoin will not be destroy. The value of the bitcoin will rise up again in this following days. I know that the bitcoin is very strong that all of the problems can supass it. |
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Kool_89
Newbie
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September 15, 2017, 06:17:14 AM |
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I am seeing an enormous amount of ignorance on this thread.
First most, if not all of those posting here, do not understand that China has a censorship/firewall system that can block anything and everything related to BTC if they so choose. How can people put their money in something if they have zero ability to access exchanges let alone have the ability to see the current price? China already does this to a large % of websites and search engines. Most businesses and government entities like the US military have had these censorship systems for years. It's just a matter of how far of a web that they want to throw down on their people.
If there is a financial crisis in China, and it's in the cards, there will likely be capital controls. The first target will likely be cryptocurrencies to stop outflows. The USA is already doing everything they can to enforce capital controls without actually calling them as such. How long will it take or what event must occur before covert controls do not turn overt? I read things about the US Constitution. Since when has it been followed? Most laws on the books now, especially financial, are unconstitutional. The problem is that politics prevents these "laws" from ever making it to the Supreme Court to be overturned.
Cryptos can be shut down by most governments and at any time they choose, regardless of their laws. Martial law can change everything regardless of what is on the books in a democratic system or a republic where the individual is sovereign.
No matter how much people are insisting it, they understand neither due process or history. They don't understand that governments, even in "free" countries can seize or censor whatever they want whenever they want to do so. In some ways, the internet makes censorship even easier than ever before. This is the true risk of BTC...and probably one that most do not want to think about let alone admit.
well said. most people fail to understand this and go on predicting games and trying to find good entry point and exit point... there is bigger picture here that most new and experienced investors or traders dont know or fail to care about |
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