RE: Breaking -- China Declares ICO's Illegal, Affecting Bitcoin Price and others
THIS IS A PLAIN PURE BULLSHIT..A FAKE NEWS, ABOUT BITCOIN & ALTCOINS CRUSH RELATED TO CHINA ICO BAN. THE CRUSH WARNING HAS BEEN HIGHLIGHTED AND BEEN PREDICTED ALMOST 3 WEEKS AGO...IT'S WELL NOTED AND EVEN TO SOME EXTEND THEIR* ANALYSIS ASSESSMENT IT'S ALMOST PERFECT ON THE COMING CRUSH...
"Sheba Jafari, the head of technical strategy at Goldman Sachs, wrote in a note sent to clients on Sunday that because bitcoin was approaching her target of $3,691 (which it has since passed), an extension wave five of this move could take bitcoin all the way up $4,827 before a correction pushes it all the way down to about $2,221"
*A) GOLDMAN SACHS: Here’s when we’ll know bitcoin’s top is in.
Jonathan Garber, Business Insider US August 14, 2017.
http://www.businessinsider.my/bitcoin-price-technical-analysis-goldman-sachs-top-2017-8/?r=US&IR=T
B) Bitcoin (BTC) Update: We are VERY CLOSE to a wave (v) of 5 of III top! What to do? This is what I'm doing...read the blog.
https://steemit.com/bitcoin/@haejin/bitcoin-btc-update-we-are-very-close-to-a-wave-v-of-4-of-iii-top-what-to-do-this-is-what-i-m-doing-read-the-blog
THE FAKE NEWS RANDOMLY EXAGGERATED AND MANIPULATED BY THE MAINSTREAM MEDIA TODAY.
- Bitcoin price drops $200 after new ruling from Chinese regulators. CNBC
- China’s ICO Ban Brings Bitcoin Back to Earth. The Wall Street Journal
I don't disagree, many organizations or investors want in at lower prices. They can manufacture the news as they wish and push fear to get their price...they load up....and then all is good with cryptos....until the next fall. Rinse and repeat.
Classic pump and dump. These markets are all so tiny and easy to manipulate.
But the China news is real. Better suck it up and deal with it. Personally, I do not mind if scams/low quality ICO's stay of the market this way.
These down cycles cab extreme but short as others are thinking long term an lower entry points...my guess.