Bitcoin under $3000 and no chinese whales to buy

[muenze]

Is there any positive outlook that its going up again fast to $4500 and more?

[stupid_seb]

Is there any positive outlook that its going up again fast to $4500 and more?

No.
Sell now at $3000...


(just kidding...)

[suvo05]

Omg bitcoin is deeping down so fast because of a single cause. Lets look where it stop and get back. As we earlier saw bitcoin have enough potential to hit back. Hope that bitcoin has still potential.

[muenze]

Omg bitcoin is deeping down so fast because of a single cause. Lets look where it stop and get back. As we earlier saw bitcoin have enough potential to hit back. Hope that bitcoin has still potential.

I hope so but 90% of trading was by chinese, so if they now break away ?

I mean its absolutely fucking STRANGE because this is all based on some very short articles missing LOTS of details and real information.

[soy]

Stay away from the market as the hurricane passes by. This is clearly the worst time to sell today ... Chinese whales must think they can lower prices a bit further, but there is a time when they will reposition themselves ... The bitcoin has such a price, this is gift, so do not panic and do not sell now!

[muenze]

Chinese whales must think they can lower prices a bit further

Isnt the actual worry that chinese whales cannot trade bitcoin anymore ?

[darkangel11]

Omg bitcoin is deeping down so fast because of a single cause. Lets look where it stop and get back. As we earlier saw bitcoin have enough potential to hit back. Hope that bitcoin has still potential.

I hope so but 90% of trading was by chinese, so if they now break away ?

I mean its absolutely fucking STRANGE because this is all based on some very short articles missing LOTS of details and real information.

That's FUD. Chinese exchanges were faking volume since the beginning. THat's why they were threatened to be shut down by their government some time ago.
China is a funny country, they're stealing technology from others and making their own versions, manipulating price of BTC through fake news and verbal warnings, come on is it this hard to say BTC is banned or is not banned? They don't want to take a stance because they're making money on this and disrupting the market worldwide. It's just a show.

[AnarchyEvo]

Stay away from the market as the hurricane passes by. This is clearly the worst time to sell today ... Chinese whales must think they can lower prices a bit further, but there is a time when they will reposition themselves ... The bitcoin has such a price, this is gift, so do not panic and do not sell now!

I wont . I have to buy some Crypto's now lol.

[leopard2]

Jeez. There is p2p, there is even decentralized exchanges on the blockchain

This ban is like banning alcohol in bars; it is like fighting windmills....

It will only accelerate the development of shadow markets and from a crypto point of view, this is a good thing - government  lose control. IMHO Chinese government will soon discover that controlled exchanges would have been preferable.

Meanwhile, in the real world, many countries are legalizing drugs to move them out of the shadow LOL  

[Whiplash Wally]

Good, let the rest of us buy up the $3000 btc, and let the Chinese get back in when it's $7000+

[pixie85]

Jeez. There is p2p, there is even decentralized exchanges on the blockchain

This ban is like banning alcohol in bars; it is like fighting windmills....

It will only accelerate the development of shadow markets and from a crypto point of view, this is a good thing - government  lose control. IMHO Chinese government will soon discover that controlled exchanges would have been preferable.

Meanwhile, in the real world, many countries are legalizing drugs to move them out of the shadow LOL  

Well said. The problem is that people don't see it. Many don't even follow the news they only trade and look at charts. When it's falling they sell and that's it. No breakthrough technology, no FUD and no China. Just numbers and money flowing one way or the other.

[samus.aran]

If it goes below $3000, you can be sure we might not need whales to recover the price. People would be more than happy to buy at 40% discount.

[Roboabhishek]

Well, there is maybe they are waiting for the price to drop around 2000 USD and they will buy a huge amount of bitcoins.
In case it stays between 3k to 3.5k $ then it might become a stable amount of Bitcoins for a few weeks.
let's see what happens

[xCryptoManiaX]

Stay away from the market as the hurricane passes by. This is clearly the worst time to sell today ... Chinese whales must think they can lower prices a bit further, but there is a time when they will reposition themselves ... The bitcoin has such a price, this is gift, so do not panic and do not sell now!

Don't stay away, buy in while the price is low and enjoy your profit once the market recovers just like 2-3 months ago!

[AmDD]

Wait, its at what?

Yeah, I dont care.

It'll take more than that to shake me!

[pitiflin]

Is there any positive outlook that its going up again fast to $4500 and more?

There is a positive outlook on the recent crash or whatever people want to call it,all I know ,if you are a trader or a investor you will consider this as an opportunity for you to get profits,you instead of dumping bitcoin will hold and buy more rather which will make the market more stable if the numbers are more,but then people dont act like they say and when something bad happens they forget what they say and dump all their cryptos immediately.

[Fancyax]

Maybe this time it's easier that bitcoin pumps again because same people trying to sell will try to buy again sooner.

[Sate Jamu]

These days the bitcoin price keeps dropping, I'll wait for the best time to buy as much as I can, the month of October the bitcoin price will go back up.

[Ahab_Hunter_of_BearWhale]

Stay away from the market as the hurricane passes by. This is clearly the worst time to sell today ... Chinese whales must think they can lower prices a bit further, but there is a time when they will reposition themselves ... The bitcoin has such a price, this is gift, so do not panic and do not sell now!

Sensible analyses. Yeah don't let emotion get you to panic sell. China has been a big historical driver of btc price, but even if trading btc were banned there, it wiuld still happen in smaller amnts, and likely such a ban wouldn't hold longterm. Cryptocurrencies (some of them at least, vast majority of them don't offer anything new or useful), any ban in thier sale or use by industrialized nations is unlikely to hold longterm, coutries would be shooting themselves in the foot too much.
Even if Btc is banned in China, my mid to longterm outlook is still bullish. I saw a chart in a zerohedge article where most wallstreeters percieved that most people's were long bitcoin in opinion, but not in actual investing position! Which makes one scratch thier head a bit.
Buy around or sub 3k, might take a few weeks to recover to 5k, who knows, but don't sell everything, and don't panic sell - you'll likely be transfering wealth to whales

[dothebeats]

Omg bitcoin is deeping down so fast because of a single cause. Lets look where it stop and get back. As we earlier saw bitcoin have enough potential to hit back. Hope that bitcoin has still potential.

I hope so but 90% of trading was by chinese, so if they now break away ?

I mean its absolutely fucking STRANGE because this is all based on some very short articles missing LOTS of details and real information.

Ahh no. 90% of the trade volume came from Koreans, Japanese, the West, Indians and the Chinese and not China alone. It's been quite an issue for Chinese for a couple while now about faking trade volumes on their exchanges. Also, it's not strange. One door closing for bitcoin will result into a stirred reaction in the market plus the fact that the CEO of JPMorgan Chase made some very interesting (and negative) remarks about bitcoin, so no it's not China alone.