Bitcoin Forum
October 23, 2020, 12:17:52 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Did China really crash Bitcoin again?  (Read 515 times)
Searing
Legendary
*
Offline Offline

Activity: 2618
Merit: 1331

Clueless!


View Profile
November 24, 2019, 06:36:27 PM
 #81

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.
it's the same trick at 2017-2018 when china grounded bitcoin when they are biggest bitcoin owner.
dump and buy, then pump and sell, I don't want to but follow them, you'll get money, not as much but still got money. I often cut loss but still make money when buying at dip

Well, China may not have caused the major dump down to $7.5K but, China with has in the past almost always, (hell, always) when China thinks BTC exuberance has reached

too high a level slaps it down. This is a very common tactic. Indeed, on China promoting their own crypto coin and blockchain, it should have been no surprise the backlash

against Bitcoin and Altcoins.

So, I don't think the big dump was China. I do think the dump from like $7.8k to current $7.1k now contributed heavily and could indeed drive it lower, but I still think

'miner capitulaztion' is the real culprit and that will take 2-3 months for folk to realize that the tide has turned and their Bitmain S9's or equiv (about 60% of sha-256

miners if I had to guess) are gonna fall off the network. When that happens, I expect a pump in price again, with these 'boat anchors' cut loose.

as always we will see

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
1603455472
Hero Member
*
Offline Offline

Posts: 1603455472

View Profile Personal Message (Offline)

Ignore
1603455472
Reply with quote  #2

1603455472
Report to moderator
1603455472
Hero Member
*
Offline Offline

Posts: 1603455472

View Profile Personal Message (Offline)

Ignore
1603455472
Reply with quote  #2

1603455472
Report to moderator
1603455472
Hero Member
*
Offline Offline

Posts: 1603455472

View Profile Personal Message (Offline)

Ignore
1603455472
Reply with quote  #2

1603455472
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603455472
Hero Member
*
Offline Offline

Posts: 1603455472

View Profile Personal Message (Offline)

Ignore
1603455472
Reply with quote  #2

1603455472
Report to moderator
Pepz79
Jr. Member
*
Offline Offline

Activity: 44
Merit: 3


View Profile
November 24, 2019, 07:29:00 PM
 #82

People from China always found ways to buy/sell/hodl crypto. And they will! So, China is not the reason of crash.
mindrust
Legendary
*
Online Online

Activity: 1960
Merit: 2088



View Profile
November 24, 2019, 07:38:01 PM
 #83

People need to understand by now. These kind of artificial crashed by other entities are only good for one thing, creating buy opportunities. If China crashed crypto, so what? Just buy it. Similar events happened many times before and every time it happened, all the average Joe's out there were expecting btc to go zero. It never happened. This time is not different.




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄                  ▄▄▄   ▄▄▄▄▄        ▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄
 ▀████████████████▄  ████                 █████   ▀████▄    ▄████▀  ▄██████████████   ████████████▀  ▄█████████████▀  ▄█████████████▄
              ▀████  ████               ▄███▀███▄   ▀████▄▄████▀               ████   ████                ████                   ▀████
   ▄▄▄▄▄▄▄▄▄▄▄█████  ████              ████   ████    ▀██████▀      ██████████████▄   ████████████▀       ████       ▄▄▄▄▄▄▄▄▄▄▄▄████▀
   ██████████████▀   ████            ▄███▀     ▀███▄    ████        ████        ████  ████                ████       ██████████████▀
   ████              ████████████▀  ████   ██████████   ████        ████████████████  █████████████▀      ████       ████      ▀████▄
   ▀▀▀▀              ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀       ▀▀▀▀        ▀▀▀▀▀

#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
Ryan Dugan
Hero Member
*****
Offline Offline

Activity: 840
Merit: 501


View Profile WWW
November 24, 2019, 08:07:52 PM
 #84

People need to understand by now. These kind of artificial crashed by other entities are only good for one thing, creating buy opportunities. If China crashed crypto, so what? Just buy it. Similar events happened many times before and every time it happened, all the average Joe's out there were expecting btc to go zero. It never happened. This time is not different.

This is why people should keep their crypto and fiat at half and half. This way they can deal with up trends and down trends. People seem to forget a down trend is just an uptrend in reverse and you can profit doing the reverse then too as you have just said. It is just some patient and believe in bitcoin or the crypto you talking about.

cutesgirl
Sr. Member
****
Offline Offline

Activity: 756
Merit: 250


View Profile
November 25, 2019, 01:04:15 AM
 #85

Any one know what happen whit bitcoin until today keep lower price? I not get bad news and not country update information to banned bitcoin as investment assets but why price bitcoin last one week keep down.without bad information I think bitcoin can be down like today and look not raise up to higher price, possible or not bitcoin come back to lower price again under $7000 or below.
Ailmand
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 519


Coindragon.com 30% Cash Back


View Profile
November 25, 2019, 01:15:52 AM
 #86

There is no way for us to verify what is the main cause, there are always theories when bitcoin crashes or rises. It could be the news in China, this could have been done by whales since bitcoin had been in a good run, or it could be something else. Nobody knows, but this kind of market situation had been normal for most people, especially those who had been through even more worse blood bath.

Velkro
Legendary
*
Offline Offline

Activity: 2268
Merit: 1014



View Profile
November 25, 2019, 01:28:49 AM
 #87

I don't think China was the cause of the 'recent' crash.
I dont think that also. More on this, people always try to explain price movement in any way they see fit.
Price movements depends on so many little reasons thats its impossible to predict so also impossible to tell why it move that way or the other.
Just accept it, its easier that way, it will go up, then down and up and down Smiley
Eugenar
Sr. Member
****
Offline Offline

Activity: 1274
Merit: 278



View Profile
November 25, 2019, 02:36:06 AM
 #88

People need to understand by now. These kind of artificial crashed by other entities are only good for one thing, creating buy opportunities. If China crashed crypto, so what? Just buy it. Similar events happened many times before and every time it happened, all the average Joe's out there were expecting btc to go zero. It never happened. This time is not different.

In my opinion, it is not the Chinese people who cause the decline of the Bitcoin today, and for me, it is most of the whales preparing for the big market price hike in the latter future. Because they believe on the effect that the halving could do to their investment. And investing would be more efficient if they let the market price of Bitcoin fall, so they can buy the dip and wait for the halving to happen. That is the information we should be aware not to feel worried about the current market price of bitcoin.
NeironixNV
Jr. Member
*
Offline Offline

Activity: 42
Merit: 1

https://neironix.io/


View Profile WWW
November 25, 2019, 10:41:09 AM
 #89

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

I don’t think, most likely China will now, on the contrary, positively influence the development of the cryptocurrency industry, today I read that China is starting to introduce crypto into the legal framework. https://neironix.io/news/china_searches_for_cryptography_law_breakers

https://neironix.io/
Lizzylove1
Member
**
Offline Offline

Activity: 653
Merit: 10

Christ The King


View Profile
November 25, 2019, 12:56:21 PM
 #90

The downward bitcoin price trend can not be attributed only to the Chinese police  raid of Binance office in China, some crypto mafia see this as an opportunity to spread falsehood and cause a price dump, while they themselves buy low and would later take profit. This is always the case, crash it, buy low and blame external forces, come back later to take profit.

[ N O M I N E X ]     EXCHANGE     ◥      telegram     ► facebook     ► twitter
(❪   WIN 1000 USDT   ❫)        in        T R A D E R S   C O M P E T I T I O N
███ Create account ███ [ REF. CAMP. ] Nominex Binary Affiliate Program
Fappanu
Sr. Member
****
Offline Offline

Activity: 1114
Merit: 255


View Profile
November 25, 2019, 02:41:29 PM
 #91

We do not know if China is really causing the price to fall today, but if we look at the circumstances today they are very obvious. Because we can really see the impact of bitcoin price on every move they just show they can manipulate the price.

From the announce of the chinese president and the fud today at the Binance office.
ntsdm1
Member
**
Offline Offline

Activity: 364
Merit: 14


View Profile
November 25, 2019, 02:48:47 PM
 #92

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.
Why blame China for all the troubles?In any case, those who had significant assets were guilty of a market collapse.But agree it is absurd to think that all the rich people live only in China.

••••••••••••••••••••      NOIA      ••••••••••••••••••••
[BTCCOINTALK]   ||  PROGRAMMABLE INTERNET  ||   [WAITLIST
|TelegramFacebookTwitterYoutubeRedditMedium|
randegibran
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250



View Profile
November 26, 2019, 04:00:56 AM
 #93

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.
Yes did, I think China have make crash of bitcoin price again and again, every time when bitcoin on higher or lower price always have China behind of bitcoin price, when bitcoin have raise up to higher price China president behind to make bitcoin up and now when bitcoin down I think China have speculative to make bitcoin lower price.

▄▄▄██████▄▄▄
▄███▀▀▀▀▀████▄▄ █▄▄
▄▄          ▀▀████▄  ██▄
█████▄            ▀█████  ██▄
▄█████████           ▀█████ ███▄
▄█████████▀▀           ▀█████ ███▄
▄███  █████             ▀█████ ████
███  █████                █████ ████
███ █████                  ████  ████
███ █████                ▄████  ████
███ █████                ███████████
▀██ █████▄                █████████
▀██ ██████▄                ▀█████
▀██ ███████                  ▀▀▀
▀██ ██████▄▄                 
▀██ ██████▄▄▄▄▄▄▄▄▄▄▄▄███▀
▀▀ █████████████████▀
▀▀▀██████▀▀▀▀

Fast, Secure, and Fully

DecentralizeTrading
BACKED BY:
─────────────────────────
BINANCE
─────── LAB
&█████████████████████████████████ █  ███
█▀    ▀█  ███▀▀▀▀▀████████  ████▀▀███▀ █
█  █████    ▄▄▄▄▄  █  ▀  █    ███  █  ██
█▄    ▀█  ██       █  ▄███  ██████   ███
█████  █  ██  ███  █  ████  ████  ▄  ███
█▄    ▄█▄  ▄█▄     ▀  ████▄  ▄█   ██  ██
████████████████████████████████████████


  Whitepaper
 Medium
Reddit
Astargath
Hero Member
*****
Offline Offline

Activity: 1554
Merit: 645


View Profile
November 26, 2019, 11:14:03 AM
 #94

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.
Why blame China for all the troubles?In any case, those who had significant assets were guilty of a market collapse.But agree it is absurd to think that all the rich people live only in China.

It seems to be a scapegoat. It also seems that most people, including analysts, tend to ignore the fact that the market sometimes moves abruptly in one direction without any external factor.

\\\\\...COIN.....
...CURB...
         ▄▄▄████████████▄▄▄
      ▄██████████████████████▄
    ▄█████▀▀▀          ▀▀▀█████▄
   ████▀      █████▄▄       ▀████
  ████        ██   ▀██        ████
 ████         ██    ██         ████
▐███▌         ██▄▄▄██▀         ▐███▌
▐███▌         ▀▀▀▀▀            ▐███▌
▐███▌         ████████         ▐███▌
 ████            ██            ████
  ████           ██           ████
   ████▄         ██         ▄████
    ▀█████▄▄▄          ▄▄▄█████▀
      ▀██████████████████████▀
         ▀▀▀████████████▀▀▀
........NEWS, UPDATES, & ICO'S........
...FROM ALL THE PROJECTS YOU LOVE...
▄▄█████████████████████████████████████████████████████████████████████████████████████▄▄
███████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████████████████████
█████████████▀     ██  ██  ██     ▀██▀     ██      ██     ▀██  ██     ▀██     █████████████
█████████████  ██████  ██  ██  ██  ██  ██████  ██████  ██  ██  ██  ██  ██  ████████████████
█████████████▄    ▀██  ██  ██  ▀▀  ██▄    ▀██  ██████  ▀▀  ██  ██  ▀▀  ██     █████████████
█████████████████  ██  ██  ██  ██  ██████  ██  ██████  ▄  ▀██  ██  ██  ██  ████████████████
█████████████     ▄██▄    ▄██  ▀▀ ▄██     ▄██      ██  ██  ██  ██  ▀▀ ▄██     █████████████
███████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████████████████████
 ▀▀█████████████████████████████████████████████████████████████████████████████████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███               ███
▐██   ▐█▄   ▄███▄   ██▌
██▌    ███▄██████▀  ▐██
██▌    ▐████████    ▐██
▐██     ▐██████     ██▌
 ███   ▀█████▀     ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███   ▄██████▀▄   ███
▐██   ████▀▀▀████   ██▌
██▌   ███ ███ ███   ▐██
██▌   ███ ███ ███   ▐██
▐██   ████▄▄▄████   ██▌
 ███   ▀███████▀   ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀
/////
AppliedOptimal
Copper Member
Member
**
Offline Offline

Activity: 199
Merit: 47

Profit is its own reward


View Profile
November 26, 2019, 12:13:55 PM
 #95

I think the main reason is not the news, but the fact that Asian investors and traders, those including in China, have started to sell their bitcoins before anyone else.
It created an avalanche, or a herd instinct, if you will, and caused people in the other parts of the world to sell. It is FUD at its best and it turns out the raid on Binance offices came out to be fake.
This space is still Wild West with buncha gunslingers, but it is way more mature compared to some 2 years ago.

Life is rigged in my favor
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!