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Author Topic: Do you think China has halted the pace of bitcoin reaching new high??  (Read 1388 times)
eaLiTy
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October 08, 2017, 05:52:26 PM
 #61

Definitely,china has halted the pace of bitcoin a little bit,otherwise it would have almost crossed $5,000 by this time.But still,it was not as expected by most that bitcoin price would fall down to $2,000 once again.Even some investors just waited for the price to reach $2,000 to buy.But surprisingly,due to the huge buy wall all over the world,bitcoin managed to recover soon.The only bigger threat for bitcoin,china is no more a threat.
It is hard to believe that the price of bitcoin would have crossed over $5000 if the Chinese government would not have intervened,either way the market would have gone down with any other news,there was more fake news surrounding the air regarding their actions and that made the market weak and with the fork coming up ,the price is increasing and i expect that to increase till the time of the fork and if that help in crossing the $5000 barrier then it is cool.
I am curious to know how the price will move after the fork as 2x split coin will have a big backing from corporates.
Silberman
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October 09, 2017, 02:26:30 AM
 #62

Do you think China issue has halted the pace of bitcoin reaching new record high?? How much time do you think required for bitcoin to forget China issue and pick-up the pace to touch new levels???
China did not halted anything the bull run had stopped some time ago, now we are moving sideways with a small dump here and there thanks to rumors and stuff like that, China FUD is nothing new, the longer you become part of the community the easier it is going to recognize those FUD attempts, and about how long it is going to take go even higher in the price, until the lightning network is operational.
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October 09, 2017, 02:41:09 AM
 #63

Yes. FUD is everywhere thanks to them. I really felt that people are panicking and again like the other events, those trolls are very active to spread that btc will be dead sooner....again. It's not bad at all if you are a buyer because it gives others another chance to buy at a lower price.
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