Kprawn
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Merit: 1074
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September 16, 2017, 04:27:12 PM |
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The Chinese has about 80% of the blame and JP Morgan about 15% and 5% other factors. I cannot see that anything else is causing all of this. We have not yet seen a mini dump this size for a long time. I hope this is the end of all of this, we need a bit of a push.
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chesegrinder
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September 16, 2017, 04:40:25 PM |
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i believe thst china are one of the big player in crypto world and that event really affect the price of bitcoin. next JP morgan are all one threat as he speech last week regarding bitcoin is a fraud. But i know to be a player and one of the whale you should control it price so you can have it as an ace. but i dnt like what he does he really bate his own self for the sake of investment... The cycle is given it wilconrol and correct its price so we will not experiencing over pricing and bubble.
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Zimbabwecoin
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September 16, 2017, 04:43:11 PM |
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The market is very volatile. So anything like China or JP Morgan will have a larger effect than it really should be.
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Planning to launch Zimbabwecoin in the future. Focused on building a community around it now.
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Rinaze
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September 16, 2017, 04:47:33 PM |
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The fall took over the timespan of two weeks actually (not a few days). The sudden recovery is just basically in less than a day. BTC went up by $500 just in a few hours, seems like a lot of investors were waiting for BTC to hit $3000 as the break point.
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basobulat
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September 16, 2017, 05:30:42 PM |
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the falling value of crypto made many people involved in it panicked. the same as my thing. but I do not agree with you.
but all that has been passed. at least the market is now more conducive and not crazy like the previous day about china rumors and jp morgan.
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AakZaki (OP)
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Merit: 1084
zknodes.org
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September 18, 2017, 02:29:47 AM |
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The fall took over the timespan of two weeks actually (not a few days). The sudden recovery is just basically in less than a day. BTC went up by $500 just in a few hours, seems like a lot of investors were waiting for BTC to hit $3000 as the break point.
so true, as the exchanger CEO said in my country during a press conference he said that the negative news on cryptocurrency is only made by a group that wants to buy Bitcoin at a low price.
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chichigirl
Sr. Member
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Merit: 251
HELENA
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September 18, 2017, 02:36:03 AM |
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The fall took over the timespan of two weeks actually (not a few days). The sudden recovery is just basically in less than a day. BTC went up by $500 just in a few hours, seems like a lot of investors were waiting for BTC to hit $3000 as the break point.
so true, as the exchanger CEO said in my country during a press conference he said that the negative news on cryptocurrency is only made by a group that wants to buy Bitcoin at a low price. Yes, what happened last week was just a strategies from a group of people who wants to buy a lot of Bitcoin wherein they can avail at it's lowest price after doing some negative impact about bitcoin.
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Zalfa_mui
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September 18, 2017, 03:00:03 AM |
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friend, it's quite a reasonable, my opinion is correct, china plays a big role in cryptocurrency problem. currently I can only watch market movements. while raising funds to accommodate more bitcoin and altcoin. hopefully not too late to buy
why China can play the role of the market, yes because there become one of the most popular countries will cryptocurrency. once he issued a negative statement on cryptocurrency then everything will bleed. yes you are very right, china is one country that has great power in bitcoin, which is why china always makes trouble and makes bitcoin and altcoin bleed.
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Nerman
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September 18, 2017, 03:21:08 AM |
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If you have Bitcoins or/and altcoins do not panic and do not sell them it will recover,as we can see now it is recovering as i type this post.Actually when it dipped i bought a few Bitcoin and plan to trade half and hold half. Take advantage of the price now.
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cherrymobile
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September 18, 2017, 03:28:40 AM |
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Here's what I think influences the market movement: China = 50% JP Morgan = 20% Cycles = 20% Global financial meltdown = 30% Total = 120% do you agree with me? Yup i agree thats why many coins in the blavk folio when i see all are red which means decrease but i know that bitcoin and other coins will going increase again hopefully.
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humanCNC
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September 18, 2017, 03:29:14 AM |
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Maybe I should agree with you. In fact, we all see the fundamental impact on the btc price. And it can be said that China has had a pretty strong impact on the price drop. But I think btc will soon grow back to normal. If you believe in btc I think this is a good opportunity to make more profit.
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Sithara007
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September 18, 2017, 03:35:36 AM |
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IMO, the Chinese ban was the one which made the most impact. Perhaps 90% of the crash was solely resulted from the ban, and the FUD which was generated after it. The statement made by the JP Morgan CEO (Jamie Dimon) would have gone unnoticed, if it was made on any other occasion. But Dimon struck at the right time, and as a result the prices sank even further.
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BittBurger
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September 18, 2017, 03:46:09 AM |
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China has been "banning" bitcoin repeatedly for years. I don't believe this will pan out to be anything substantial at the end of the day, but I could be wrong.
-B-
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HabBear
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September 18, 2017, 03:46:58 AM |
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Here's what I think influences the market movement: China = 50% JP Morgan = 20% Cycles = 20% Global financial meltdown = 30% Total = 120% do you agree with me? No, your numbers can't equal greater than 100%. And what you're leaving out is the will of the people who use and hodl Bitcoin. They have significantly more power and influence than anyone or anything else...hence the bounce back in price from the $3000usd touch. Why speculate your thought like this when it isn't based on any fact?
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zeze18
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September 18, 2017, 04:26:36 AM |
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If you have Bitcoins or/and altcoins do not panic and do not sell them it will recover,as we can see now it is recovering as i type this post.Actually when it dipped i bought a few Bitcoin and plan to trade half and hold half. Take advantage of the price now.
yes, bitcoin prices are now increasing and accompanied by the addition of altcoin which is slowly improving now, and certainly lucky for those who do not sell it when prices go down, and get a chance to benefit from bitcoin because I'm sure the ending of this year's bitcoin price will reach $ 4500
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AakZaki (OP)
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zknodes.org
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September 18, 2017, 06:41:08 AM |
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This shouldn't scare you. The market is like this. They will recover.
I have never been afraid of what happened to crypto, I have long struggled with crypto. I always enjoy the groove I have been scared too I surely tremble when the price goes down on me, and I am not ready for that big drop, so I just let it go with the flow and wait till bitcoin goes back in it's heights well remarkably speaking I never thought bitcoin could ever goes back because that drop is very unusual because there was pretty lot in the community that is not ready about it, but hey just like you said all we have to do is enjoy the groove! Too much thinking about the unusual decline only stresses us, so I think the best step is to wait for everything to stabilize again and enjoy the flow.
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