Bitcoin crash on the 30th becasue of closing of chinese exchanges?

[yoseph]

I am wondering what you guys think about this. Will the closure of the chinese exchanges affect the bitcoin price one more time?
Will the whales manipulate the market because of news outlets reporting the closures?

The crashed already happened when there were speculations that they were going to close all exchanges and that it will be unlawful to operate a cryptocurrency exchange without a license and am sure the rumors of China banning bitcoin was a factor in the crash so I am sure that we will be experiencing any more crashes from the side anymore.

[Bacchu]

So what?? If china bane chines exchange there is no chances for crashing bitcoin. only china alone cant control over the bitcoin. if the price go to low,than it would be best time for invest in bitcoin. specially i will buy some coin crashes time.so nothing can stop bitcoin  anymore.

[asus09]

probably not for now, because bitcoin has gone through a period of transition the first time China issued a policy. I think this is no real impact that decreases the value of bitcoin.

[Netnox]

I expect a small drop maybe 5% just because the rehashing of old news and causing a bit of fear and uncertainty.

5% is way too small. We had a 30% crash when the news came out (although the prices later recovered by 20%, reducing the loss to around 10%). On 30th, I expect the exchange rates to decline by the same amount, may be somewhere between 20% and 30% from the current rates.

[crazyheinz]

Thanks guys for your opinions on this. I certainly didn't wanted to spread FUD, just wanted to hear your toughts

[mastuying]

Anything is possible,
If it is going to crash because of the exchanges closing it already would have, and I think we already had the little crash.
From what I have read and understand I think events in China are having less and less effect on the rest of the market as time goes on.

[Indrawan77]

It is possible because the investors already in holding position,  but seems like this time is not going to affect too much because the investors already prepare themselves and it is not the entire exchanger closed down, so they are going to move their coins to other exchanger, so if it's crashed its not going to have a big imoact

[digaran]

It sounds like Bitcoin cash just needs R after C. truth hurts like a bitch, you are admitting about the Chinese whales manipulating Bitcoin price to make it swing but still bitching about a possible crash, you better to dump, not that I'm a buyer, lol you need to think about the people with millions of dollars invested, they will never let a continues crash take Bitcoin's market down for long, maybe just for a few days.

[audaciousbeing]

Anyone who thinks there would be another crash is just not conversant with the situation of things the only thing I see September 30th will bring is just going to be some downward price and not a crash. The crash to be witnessed has already happened, the panic period is over, those who wants to withdraw their funds from the exchange sites would have done that and not waiting till last minute, the exchange sites would have planned their movement of funds, they would also have put in place the machinery to aid the transition and every other thing that would have caused a crash.

[mondobitcoin]

Bitcoin can't crash, regardless of fact that china is trying to close/ban bitcoin
Nobody can crash the bitcoin world

[Fria]

It is figuring out how Bitcoin our blockchain technology will bring good sense to their economy and building laws and regulatory that's why they are banning those exchange institutions but it was lifted after few weeks so Bitcoin's value resumes to rise since Chinese investors are seeing Bitcoin's potential.

[danipay]

I am wondering what you guys think about this. Will the closure of the chinese exchanges affect the bitcoin price one more time?
Will the whales manipulate the market because of news outlets reporting the closures?

we know that how hard bitcoin is attacked, still its value always breaks the record from time to time. we just need to take a stand to hold it longer if bitcoin crashes. but if you want to take advantage at a cheap price, then the best advice is to sell when it begins to fall and buy back at a cheaper price.

[MisterPrada]

Anyone who can, will definitely try to influence the course of BTC for its own benefit.