Guys, this time it's extremely serious!

[elbimbo012]

Everyone is overreacting, but I can't complain because I'm excited to get coins cheaper than they've been in... let me check... a few weeks!! It's been a few weeks since we've seen prices this low. That was such an incredibly long time ago...

Exactly this is a good opportunity for long term investor to buy btc at the lowest price as possible.  Btc deep price is not only cause by china annonuning of banning cryptocurrency but several factors that combined together such as profit taking after a huge break out,  btc price correction and over hype of china's announcement and uncertainty of investor. Uncertainty for btc is always there it will stabilize the price in the long run but we don't know when.  Only time can tell. For me this is an opportunity for the investor to shell out some cash and invest in a long term. Good luck every one

[1715069267]

1715069267

[1715069267]

1715069267

[1715069267]

1715069267

[1715069267]

1715069267

[1715069267]

1715069267

[XinXan]

It's just another bubble burst. It happens every time and we don't need bad news for china to happen. People always overreact, we are still at 3400$, remember that not long ago we were below 1000$ and a few years ago bitcoin was at 300$

It's going to bounce up as usual. Yes, this is a big hit but you can always benefit from it.

[Yatsan]

It's just another bubble burst. It happens every time and we don't need bad news for china to happen. People always overreact, we are still at 3400$, remember that not long ago we were below 1000$ and a few years ago bitcoin was at 300$

It's going to bounce up as usual. Yes, this is a big hit but you can always benefit from it.

Yeah, learn from the past experience. In my experience I panic sell when the bitcoin or trusted altcoin dump but it only takes weeks worst is months to recover and that creates for a big loss, But now I learned from it but as long as \I didn't need the money I didn't sell my bitcoins.

[Dangerous_Mind]

Think what will happen when China regulates btc...

[llhibionada]

"This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country."
 
I agree with this  but the only thing make me worried if the countries of the ( euro,Dollar,Yen,yuan) together start making a serious regulation for  bitcoin exchange . otherwise china banning it is like harvey & Irma whatever the crashing causes by the banning ,it  will go
 & the market will be up again,,,,,,,, people trust bitcoin more than any other currency

Totally and theres no such thing or reliable news that China is permanently banning Bitcoin Exchanges. Also people should take note that this had happened before with China but it was just temporarily so just HODL and dont be such a worrier

[Hamphser]

It's just another bubble burst. It happens every time and we don't need bad news for china to happen. People always overreact, we are still at 3400$, remember that not long ago we were below 1000$ and a few years ago bitcoin was at 300$

It's going to bounce up as usual. Yes, this is a big hit but you can always benefit from it.

Yeah, learn from the past experience. In my experience I panic sell when the bitcoin or trusted altcoin dump but it only takes weeks worst is months to recover and that creates for a big loss, But now I learned from it but as long as \I didn't need the money I didn't sell my bitcoins.

Regret does really comes after because we cant regret before on making such decision.Panic selling is commonly happening specially on this price decrease either on bitcoin or on altcoin.This China news does really give impact on Bitcoins price which we are crawling back again on 3k price again and comes worst we go back on 2k price again but i do see that this regulation would be just temporary remembering on the previous ban they just already re-enable it again.

[monkeybars]

I think this is good for bitcoin and bitcoin community. If the price goes up again this will mean that BTC doesn't need chinese traders that much. So next time if anything like this happens the fall won't be so dramatic.
I would say it is "immunisation" for bitcoin.

[Lauren Smith]

People worry iber not. Bitcoin will recover and of already is. This is an opportunity to make money stop seeing it as a bad thing. It really isn't. This is just the nature of Bitcoin and trading. People who can't handle it really shoybe here. People who sold a little while ago now have regret and have lost money.

[XinXan]

I think this is good for bitcoin and bitcoin community. If the price goes up again this will mean that BTC doesn't need chinese traders that much. So next time if anything like this happens the fall won't be so dramatic.
I would say it is "immunisation" for bitcoin.

It's going up now, I don't know how much that will last because It will probably go back down very quickly, I personally sold and I'm waiting to buy again, probably at around 3000$ because I think that's where is heading again but we will see.

[elbimbo012]

Are we seeing price reversal now?  Support at $3k was not able to break down and resistance  at  $3.8k was trying to hit and almost touching $3.9k can this rally be sustsined and bring the btc price at $4k level? does this show that uncertainty and fear in china's announvement of banning cryptocurrency is over? Congrats to those who bought at lessthan $3.2k  and for those who sold at a loss well that's life in trading market.  Sometimes market react opposite on what you where expected

[crismass1225]

So what is the possibility US bans it?

as in my opinion, US will not that head-turner that they will ban bitcoin and other exchange, money are circulating the economy and market so does money circulating bitcoin. Plus US is one big country in able to do it the country will spend billions of dollar to ban bitcoin and other crypto and they will face Wall street investors. In my estimate the possibility that US ban bitcoin are 1% as it is one of fastest and big investment.

Ops No news as of now that government shutting down exchange as owners and businessman and investors are still negotiating about the regulation announced by the government. 

[warningsigns]

This is painful reading. And the tumbling fluctuating prices are a painful sight to behold.

Imagine having 1000 bitcoins on your wallet. From $4800 to $3200 = $1600 x 1000 = a $1.6 million loss. For those who can't intelligently foresee a recovery, this would be a real reason for panic and even a nervous breakdown. Just imagine losing that much within a day.

It's hard to hold on to bitcoins and hoard them, while hoping for the price to one day jump to an astronomical figure. Then you get these steep dives which have an extreme effect on one's confidence and trust in the core things you believe in life. Like being resolute and stubbornly bearish in times of turmoil. Like being a strong believer in gaining by taking risks. Like trying to fight those inner fears caused by all the what-ifs flooding in one's mind when you see the rate falling right before your disbelieving eyes.

Investing in bitcoins is truly serious stuff. Like stock markets, you could lose everything you saved and worked hard for within a day.

Happy to see the market recover. A very welcome development.

[btcprospecter]

We should not be worried about what is happening like anything prices will change if anything this is an opportunity for people with big investment capital to swoop in and buy while low. Alot of big players missed out on the big bitcoin wave and as such other altcoin have profited from this. We as a community just have to sit back and watch to see what happens from here.

[xFiber]

Always take statements like this with a big grain of salt. This is how China does things. And even if there comes a ban on exchanges it will only be temporary because China clearly recognizes the value bitcoin ( and crypto in general) brings to the table. They probably already have a hidden agenda on this matter. It's only a matter of time, relax.

[2double0]

Always take statements like this with a big grain of salt. This is how China does things. And even if there comes a ban on exchanges it will only be temporary because China clearly recognizes the value bitcoin ( and crypto in general) brings to the table. They probably already have a hidden agenda on this matter. It's only a matter of time, relax.

But I have noticed one thing after all these ban dramas from China that the effect China used to have over markets has been reduced to such an extent that now nobody gives a damn about seeing what's China doing. It was their time but now, whenever China sells, US buys.
Investors in China are reported to be "shifting" their funds out of those exchanges to off-shore exchanges in order to keep using BTC and trading it. Chinese Government got terrified and was scared whether this technology would snatch away the power and emphasis that they have over their economy and are now trying to manipulate everything, but they have become unsuccessful this time.

[DortheyLedwig5010]

Panic sell is nothing new in the world of trading. Hawkish news can put down the price but market will come back toequilibrium point after certain time.

[layoutph]

Ok so guys what's the latest news? Anyone from China? How true that Chinese government will require every local exchange a license? Are you affected? Did you dumped your BTC?

[szpalata]

Panic sell is nothing new in the world of trading. Hawkish news can put down the price but market will come back toequilibrium point after certain time.

That is true but this time I think the news hit us deep and this tumble was so great and I agree with the OP that it's serious this time and we need to Unite and fight panic selling to the bearest minimum.

[LodisMcguire]

Panic sell is nothing new in the world of trading. Hawkish news can put down the price but market will come back toequilibrium point after certain time.

That is true but this time I think the news hit us deep and this tumble was so great and I agree with the OP that it's serious this time and we need to Unite and fight panic selling to the bearest minimum.

Even if it hit us deep,this will heal over time,with the china news,current price drop is because a shock of weak hand and selling their btc
For now let us use this opportunity to buy as resistance of the bad news

[AleSergio]

The good thing that bitcoin price is recovering and everything seems at the moment stable.
On the other hand if some other speculation news will come i think we will see some dumps again.