Crypto market Dull - Are we waiting for Sep30

[samy_voc]

The crypto market is dull last 3 weeks. Are we waiting for the storm clouds to pass on Sep 30. (Are we wait mode to see on sep 30 for China decision).


I entered in late and sitting on loss and hoping the coin market will have a upside journey soon.

[random8888]

The keyword here is HOLD and you will be fine! This is especially true for Bitcoin!

[rommelzkie]

The crypto market is dull last 3 weeks. Are we waiting for the storm clouds to pass on Sep 30. (Are we wait mode to see on sep 30 for China decision).


I entered in late and sitting on loss and hoping the coin market will have a upside journey soon.

Other traders says that August and September are the ghost month for crypto market. I am also waiting for china decision and i bet crypto currency can survive without china.

If china bans crypto forever we might hodl our coins for a longer period of time. dont sell when the market is on dump. good luck

[bbc.reporter]

@samy_voc. The cryptocoin community has already assumed the worst. Whatever the decision is, it will have a positive outcome on the market. If China says a full ban, then good. We can move on without them. If
they say that regulation is needed, then also good, they have declared that it can be a legitimate form of investment.

[HashieNewb]

The keyword here is HOLD and you will be fine! This is especially true for Bitcoin!

Yeah holding the coin for now is the only thing that we can manage. The price is moving too much for a fare estimate.

[jjdub7]

The crypto market is dull last 3 weeks. Are we waiting for the storm clouds to pass on Sep 30. (Are we wait mode to see on sep 30 for China decision).


I entered in late and sitting on loss and hoping the coin market will have a upside journey soon.

I don't believe something new to come from China on Sept 30. They already stated whatever they wanted, the market already reacted. In Q1 2018 there will be a big recovery and  for me the right move is to hold. Bitcoin price was always too volatile. It's not something new.

[thebatletbet]

The crypto market is dull last 3 weeks. Are we waiting for the storm clouds to pass on Sep 30. (Are we wait mode to see on sep 30 for China decision).


I entered in late and sitting on loss and hoping the coin market will have a upside journey soon.

this now without china exchanger, market still is good
if true or china exchanger close i hink not big effect, because bitcoin use is ready hear about issue over one month
but if china exchanger still can open and run, all crypto price can incraese very high

[pey]

China's long term effect to bitcoin is close to zero so I don't care about such news but token holders should do since they cannot move without regulation.

[UnknownX]

The crypto market is dull last 3 weeks. Are we waiting for the storm clouds to pass on Sep 30. (Are we wait mode to see on sep 30 for China decision).


I entered in late and sitting on loss and hoping the coin market will have a upside journey soon.

China have already made all decisions they had planned, so personally I don't think that something will change on SEP 30. May be there will be some additional correction on OCT 30, when last big China exchangers will stop operations with CNY, but for now I think all bad news from China ended.
So if you are an investor just hold your bag, if a trader you may fix the loss and start trading to get profit on other spots.

[bearex]

It is kind of weird, because (at least in my country) i read more and more press articles about cryptocurrencies, advertisments, mentions on mainstream media. So one would think the volume would increase.

[limmousine]

For what is waiting for china decision? I believe that the ban will not affect Chinese investors who have long struggled in the world of crypto. We know without china crypto will always live and slowly will go to moon leave china

[fia_naila]

What is the good thing from waiting 30 september ? China has ban ICO. The will shut down exchange but exchanger based in china will be moved to other country. Btcc and okcoin has declared it in their twitter. Also this crypto not made for china. It is made for all people all over the world.

[Crypto_Jay_99]

No magic date.

All options are open, we could be in for a more long term bear market.

I'm currently at a loss as I got into crypto this summer at the peak.

Still feeling good about mid to long term. Gotto be patient and HODL.

[muncuss]

What is the good thing from waiting 30 september ? China has ban ICO. The will shut down exchange but exchanger based in china will be moved to other country. Btcc and okcoin has declared it in their twitter. Also this crypto not made for china. It is made for all people all over the world.

Yes i know it too, some china exchanger will shut down their service. doubt there will be another news/thing coming out, as china was banned ICO and any rumor after that just a fud.
There's still november (segwit2x), so maybe we must wait until december

[monkfishy]

The last three weeks have seen the total crypto market drop more than 40 % before recovering 30 %. In what world can that be described as dull?

[coastbank]

I suppose so. As other stated september 30 is important day but not enough. We are going to need even more days to see markets fully recover after other segwit and so on. It will last like 4 months.

[ployfit]

No magic date.

All options are open, we could be in for a more long term bear market.

I'm currently at a loss as I got into crypto this summer at the peak.

Still feeling good about mid to long term. Gotto be patient and HODL.

Yeah another magic date just like 1st of August. Remember how fluctuating the prices were on that time and traders were panicking.

This time, another split on the way and this will bring some action.

[hdclover]

The crypto market is dull last 3 weeks. Are we waiting for the storm clouds to pass on Sep 30. (Are we wait mode to see on sep 30 for China decision).


I entered in late and sitting on loss and hoping the coin market will have a upside journey soon.

It may look dull at the top but try to check the trading volume of CNY/USD, it is going down day by day. Now JPY is in top of trading volume this is because of shifting of traders from CNY to JPY.  Other currencies are also catching this up. I hope the Chinese trading volume may reduce below 3% within this month. China is not a leader in crypto trading now.

[Fatunad]

What is the good thing from waiting 30 september ? China has ban ICO. The will shut down exchange but exchanger based in china will be moved to other country. Btcc and okcoin has declared it in their twitter. Also this crypto not made for china. It is made for all people all over the world.

September 30 is still approaching and the issue of close exchanges isnt over yet and would definitely happen on the end of the month.Theres no word yet on what exchanges would be closed next but we should not close our eyes on the possible opportunities on dipping prices on those days.Just like what happened on august 1 event it did dip the price and later on it did pumped up.

[jd218]

What is the good thing from waiting 30 september ? China has ban ICO. The will shut down exchange but exchanger based in china will be moved to other country. Btcc and okcoin has declared it in their twitter. Also this crypto not made for china. It is made for all people all over the world.

September 30 is still approaching and the issue of close exchanges isnt over yet and would definitely happen on the end of the month.Theres no word yet on what exchanges would be closed next but we should not close our eyes on the possible opportunities on dipping prices on those days.Just like what happened on august 1 event it did dip the price and later on it did pumped up.

Just because exchanges are closing doesn't necessarily mean BTC price decrease. Fundamentally, the exchanges closing hurts the bitcoin network with the decreased volume from China, but we can see that China's volume has already diminished mostly:  https://coinmarketcap.com/currencies/volume/24-hour/. Everyone is aware of this event coming, so the approaching of the date doesn't matter.

To me, this is now an opportunity because I suspect China will "re-enter" the cryptosphere in some manner in the future. I'll buy a little NEO/GAS and return to most of my long positions while only keeping a little fiat on the side to hedge against more FUD and bears.