Bitcoin value dropping?

[Latrix]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

[pooya87]

no we no longer expect any price drop because of China.
the news is already priced in. now it is time for rise. any other drop can only be because of new FUD/news not something that has been over-used.

since China is going to ban crytpo by end of this month?

ICO does not mean crypto and they are banning ICOs

[TravelMug]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

No, the price drop that you are seeing is not about China. If you have been here for too long, you may see a price drop every weekends because people normally cash out because most of them you out for vacation and needed additional cash. No worries, during last week as well there is a minimal drop but comes Monday, it has recovered pushing the price to $4200 this week. So I advise you not to panic and forget all about China. They are already history. Let move forward in October without mentioning about them.

[Chanock]

Everyone know bitcoin value is always dropping but it do'sent mean bitcoin is always in the low price but most of the time bitcoin value is always rising. We all knows bitcoin value is always moving and bitcoin is unpredictable. Just stay calm and wait what happen next for bitcoin.

[Za1n]

ICO does not mean crypto and they are banning ICOs

Exactly, I think there are far too many newcomers who simply equate ICO and Crypto 1:1 and do not differentiate between the two. Cryptos have been with us for close to 10 years and ICO's are a more recent phenomenon.

Unfortunately since most ICO are riding on the backs of Crypto, when many of them eventually fail or turn out to be little more than outright scams, it will leave another black stain on the entire Crypto community as well.

[iamTom123]

Hi all, Are we expecting a drop in price since China is going to ban crytpo by end of this month?

China is expected to finally and officially ban Bitcoin exchanges as well as the holding of ICOs all throughout China but this is already old news...the impact was felt almost two weeks ago and the market has already moved somewhere else absorbing some little good news from other countries and that is why the value of Bitcoin is now back at the $4,200 level and maybe crawling slowly into the $4,500 mark. Good thing that China right now is not influencing Hong Kong to also adopt its decision as we know that Hong Kong is technically a part of the mainland China though its administration is held separately.

[piloder]

Look at price right now, we might see another huge dump within next few days because Korea is banning ICOs and implementing strong laws in trading platforms check this https://www.cryptocoinsnews.com/breaking-south-korea-bans-initial-coin-offerings-report/

I am expecting under $3k soon for bitcoin.

[deadsilent]

I think the correction is over. So we are going to rise again soon. I see the price drops a bit and i think it's nothing to do with China. Bitcoin ban in China is not new to us. That's why i think they have nothing to do with this small dump. Maybe there are just whales who just dump their bitcoins. The drop is not that huge though. Compare from recent crash which cause bitcoin to drop at $2900. So i think theres nothing to worry. Actually it's a perfect opportunity to buy since it drop a couple of hundred dollars.

[Coin++]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

The news is allready priced in.
I'm waiting a big pump before the ernd of the year : pump on bitcoin and the olders altcoins.
Why ? Because the allways bigger asking about cryptos.

[House_stark]

No it’s not because of China,It’s unlikely that the same precise pattern will repeat itself, mostly because the ecosystem of startups and services surrounding cryptocurrency is vastly more robust now than it was four years ago. But a vital lesson still holds: cryptocurrency prices are volatile because very few speculators actually understand the technology or its potential, leaving it vulnerable to reactive, emotion-driven swings.

[e-coinomist]

I think the correction is over. So we are going to rise again soon. I see the price drops a bit and i think it's nothing to do with China. Bitcoin ban in China is not new to us. (....)

coindesk.com has thrown out another article presenting rumors (mostly) from deputy finance minister of Russia just yesterday. That could be the 10.000x time of russian rumors, again. But markets do react on that. Rumors along banning any payments.
In the last minutes of china money having to flee their tradesites BTCs will be capable of traveling in ten minutes, so first choice. And supply onsite nearly beeing dried out, so that last china day will likely present a green candle on all charts.
Almost no-trade-territory, neither for margin nor for new longs.

[audrey12]

The dilemma is already ended the value of bitcoin starting to pump again and I think china did not affect much the pricing of bitcoin besides I don't think majority of bitcoin owners and users are in china so we better not worry and just focus on earning bitcoin while the value is increasing. The more earnings we get the more chances to become financially independent in the future.

[Kakmakr]

Most of the Chinese people has already reacted to the news and they did what was necessary to protect their wealth. They also found ways to bypass the ban on Bitcoin exchanges and are trading on the Black markets now. Bitcoin is digital, so you can still trade on informal Black markets, when it is banned.

Governments are always the losers in events like this. Example : Prohibition in the United States was a nationwide constitutional ban on the production, importation, transportation, and sale of alcoholic beverages that remained in place from 1920 to 1933. < The direct result? ---> People turned to Black markets and the government lost taxes on all the booze that were sold illegally >

Now Bitcoin is global and people can trade on global Black markets. < DarkNet >

[sakahayang]

Although china forbids crypto currency in their market it seems that bitcoin price will not decrease. as there is now increasing market demand for bitcoin, although there is a ban in countries like China that have a large market for bitcoin will not affect the bitcoin price.

[Bosx1ne]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

No. I see the chart of the bitcoin and I can say that the bitcoin has a good progress again. The bitcoin is $4000 per again and I know it will continue to rise up. Bitcoin will become strong again, I am sure about that.

[forkchain]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

China is not going to banned bitcoin because bitcoin is going to be the currency which will use world as a crpyto currency so i would like to say that we would stop thinking like this that china will banned bitcoin.

[PonYabody!]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

As of the moment, bitcoin value is slowly rising up. I think bitcoins are not affected with China banning ICO's. Maybe Altcons are shacking now because of the China banning ICO's. I'm excepting bitcoins will hit 5k by the end of October (Hopefully). Maybe bitcoins will drop less but for sure I will bloom more than what you think. I decided to buy a few bitcoins and see what will happen with my experiment.

[investeerder]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

As of the moment, bitcoin value is slowly rising up. I think bitcoins are not affected with China banning ICO's. Maybe Altcons are shacking now because of the China banning ICO's. I'm excepting bitcoins will hit 5k by the end of October (Hopefully). Maybe bitcoins will drop less but for sure I will bloom more than what you think. I decided to buy a few bitcoins and see what will happen with my experiment.

I can't call it slot but the movements are fair since it gain more price for just even a week of being stayed at 3000$ and now it is getting back again for 4000$ price and this one will be more great on next following days it will touch to 5000$ and that will be one of the fastest growth happened on the history.

[Wipro]

Everyone know bitcoin value is always dropping but it do'sent mean bitcoin is always in the low price but most of the time bitcoin value is always rising. We all knows bitcoin value is always moving and bitcoin is unpredictable. Just stay calm and wait what happen next for bitcoin.

Why bitcoin value should dropping, it has tendency to fluctuate the price always you should not fear about it and you should hold the bitcoin for a month atleast, before that it's value will be recovered any adoption implemented on bitcoin. As we see many adoption from Europe and Japan regions we are much safe about the price.

[oegarod]

Hi all,

Are we expecting a drop in price since China is going to ban crytpo by end of this month?

As of the moment, bitcoin value is slowly rising up. I think bitcoins are not affected with China banning ICO's. Maybe Altcons are shacking now because of the China banning ICO's. I'm excepting bitcoins will hit 5k by the end of October (Hopefully). Maybe bitcoins will drop less but for sure I will bloom more than what you think. I decided to buy a few bitcoins and see what will happen with my experiment.

I can't call it slot but the movements are fair since it gain more price for just even a week of being stayed at 3000$ and now it is getting back again for 4000$ price and this one will be more great on next following days it will touch to 5000$ and that will be one of the fastest growth happened on the history.

The price moves at present is a form of stability gain. Same as that the price staggering within limits within $4000 now too it makes a move between $4000 - $4300 for a short time period. This will once again move further reaching. $4500 and in this manner gradual growth happens until large scale price pumping.