When China speaks weak Bitcoin hands sell, South Korea insight, I enjoy BTC days like this one!

in #bitcoin7 years ago

September 4th was quite a day for Bitcoin. I enjoy days like that! China spoke- there was bad ICO news and all sorts of weak hands and newbies panicked all over the place. Nothing wrong with Bitcoin yet the price dropped. This is a day where you take a step back and admire the irrational fear of a market and know that in a few days or weeks Bitcoin will be back close to $5000 and many people will be wondering why the did not hold. The life of a strong hand man!

https://twitter.com/WhalePanda/status/904638235669929985
https://twitter.com/cnLedger/status/904612458777559040
https://steemit.com/andyhoffman/@andyhoffman/andy-hoffman-9-04-17-chinese-ico-ban-the-most-bullish-imaginable-event-for-bitcoin
https://twitter.com/TuurDemeester/status/904729865508839426
http://www.businesskorea.co.kr/english/news/money/19180-regulating-bitcoin-trading-financial-authorities-strengthen-regulations-digital
Australia- http://blockchaincentre.com.au/

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Reestemed, thank you Meister. I can't write a post until hurricane Irma passes, saving energy so I'll be reesteming cool posts like these!

Thanks so much! Good luck down there.

Agree. Strong hands keep their money in the strong currency. I'm surprised LTC has been hit as hard as ETH. I'm transitioning money back to ETH & LTC now as they will snap back like a rubber band. All three have hit a solid support level.

WhalePanda WhalePanda tweeted @ 04 Sep 2017 - 09:32 UTC

For the people that have only been around for a couple of weeks: Welcome to $Crypto. This happens more often than you would think.

TuurDemeester Tuur Demeester tweeted @ 04 Sep 2017 - 15:36 UTC

In 48 hours, altcoins / ICOs lost $23 billion in market cap - a drop of 24%. https://t.co/VXSTLdbhOe

cnLedger cnLedger tweeted @ 04 Sep 2017 - 07:49 UTC

1/ PBoC bans ICO. From now on no organizations / persons in China are allowed to raise funds via ICOs.
pbc.gov.cn/goutongjiaoliu…

Disclaimer: I am just a bot trying to be helpful.

Thanks for sharing... Love it.

I've seen around 50 Billion leave the market cap since the first of the month. This is people taking profit on the highs and has nothing to do with China being indecisive. Everything has been in the red, not just NEO or BTC - everything. Wait until these upcoming forks happen and you'll see the green again. That's the only good thing about forks!

Most of the Alts have been MUCH more in the read than BTC.

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