Important to know if you missed this Bitcoin news:

in #bitcoin7 years ago (edited)

Haven't you heard the bad news for Bitcoin? China is closing all exchanges by the end of Oct. and Chinese will be forced to sell, so massive selling-pressure ahead towards the end of Oct. China also banned ICO's and their anti-crypto policy will block IP addresses from trading Bitcoins on exchanges outside China and banning all crypto-trading in China on Nov.1 onward, removing the largest buying-block (the Chinese) from the Bitcoin market after Nov.1.

Also, 96% of all Bitcoins are owned by only 4% of Bitcoin owners, so they control the market.

Lastly, another Bitcoin split could be as soon as Nov., having 3 Bitcoins then. Next year, they can keep splitting and we may see 6 or 7 different Bitcoins (dilution).

You can google the news to verify everything.

This will also drag down all Altcoins towards the end of Oct. So, now is not the time to be long Bitcoins and it won't rebound up briskly like before after it crashed, given the largest buying-block (the Chinese) are removed from the Bitcoin market on Nov.1.

You can thank China's Gov't for ending Bitcoin's short-lived frenzy party.

You can mock this warning, to your own financial peril. Get out before the great crypto-crash on or before the end of Oct.

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