Chinese Crypto Exchange Ban is FUD, Hopefully you made some cheap BTC orders!
China banned BTC many times already yet still this has an impact on the markets. Maybe just because people want to get prices lower from time to time..
Anyways for now there is no official info from chinese government on this.
Actually all that is there is the exchanges will have to register - like in many other countires. Currently they runned as wild west and thats it.
NIFA (China’s National Internet Finance Association ) wrote that many exchanges hosting ICOs got many warnings and its time to legalize everything and put rules on that.
Also if exchanges in China would really get banned - that would mean OTC sales would be bigger and BTCs price could raise - since it would be harder to get BTCs.
Jihan said clearly.
So just buy cheap coins now or trade with leverage on ie http://BlTMEX.com
Markets
Worth noting that volumes in china dropped as hell. Now BitFinex rocks the volumes, with European Bitstamp as the second. Worth noting Bitcoin Cash vs BTC huge volume on HitBTC. People drop BTC for BCC there due to news. Jihan is big supporter of BCC. So who knows whats planned.
So do not panic, enjoy cheap BTC or check coins you like for cheap re-entries.
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btc price is going down ,, investing on btc if it gets cheaper like this :)
BTC is not cheap. It is declining at this day after JP Morgan Chase called it as FRAUD.
I published it here. https://steemit.com/bitcoin/@yehey/blockmedia-report-top-10-cryptocurrencies-current-status
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Don't think that JPMorgan have much influence... China ban on the other hand :(
What?? No china is not banning crypto you're believing that FUD??? china is just regulating ICs! wtf man u guys are crazy! come on don't seriously feel bad because a number went down, u all know bitcoin is more than just a number it represents something extremely useful and will only keep going up, we all know bitcoin is valuable and the dollar is the fraud
Totally agree here. JPMorgan is not the reason for the price decline.
The price decline because the chart are made by long and short candle. In the chart we have support, resistance, fibonacci and others levels and it's obvious that the price need to hit this level.
It's called technical analysis and no graphics, even bitcoin, can be free from these logic
I want to think that, but it shows in trading ... then China banning exchange is added insult to injury.
Anyone who got out on the words of Jamie Dimon was an idiot. Obviously the head of JPM is going to discredit bitcoin; it stands to disrupt life as he knows it
I think the market laughed off the JP Morgan comments.
wtf yes BTC is cheap! it is declining because of weak hands, new investors, all the people who bought bitcoin since $3200 haha $its still up SO much from where it was compared to stock and any other mainstream investment bitcoin has been making people soooo much money i cant believe peter schiff tries to claim gold has been going up as if that is in any way comparable to bitcoins increase in price, they never ever ant to LOOK at the 1000% type increases or MORE that bitcoin and altcoins give! they make the stocks 7% yearly average look like a joke! bitcoin will go up 7% in a day! its crazy! People are freaking out over a TINY bit of bitcoin price being shaved off! Its all the institutional investors and dumb old people who have been recently buying bitcoin and now they sold it thinking they HAVE to listen to Jamie Dimon EVEN AFTER jamie dimon has a fucking ETHEREUM fucking conference HOSTED by JP Morgan in San Francisco , so he will be having to fire everyone at his san francisco office now, and everyone involved in signing up JP Morgan with the Ethereum Alliance....yeah Oh so JP Morgan thinks Ethereum is somehow different from bitcoin because of....blockchain??? yeah its fucked up that they try to separate blockchain from bitcoin! hahaha NO thats NOt how it works! altcoins all gain power from bitcoin and MAYBE steem is one of the few coins that can be separated over time but only with USD Steem pairs and steem to fiat gateways and bank deposits withdrawals like coinbase and Steem ATMs and now we just have Bitcoin and bitcoin fiat gateways so people need to see that Bitcoin is NEEDED for aLL crypto it IS crypto! Bitcoin IS crypto currency! the whole thing revolves around bitcoin period the end bitcoin is crypto u cant separate it, there's nothing else like bitcoin they won't be ABLE to create a sort of replacement for such a decentralized organic network lol i mean now they have bitcoin satellites so yeah
tell me jaime dimon, do you think that Bitcoin Satellite is just a fraud too?
JP Morgan Chase is the fraud! this is ALL going to blowback in JP morgan's face as people learn about the 2008 financial crisis and WHY bitcoin was invented in the first place!
Anyone who believes in blockchain and what it aims to accomplish, would not care what the CEO of one of the largest banking services has to say about it.
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THIS was only a rumor that was spread widely and caused BTC and major cryptocurrencies down, and this makes investors and a lot of cryptocurrency holders makes orders to sell and automatically the price goes down so they play their game in the right time,,,
as it says ,,,Spread the rumoer, Buy the news and make money.
Cheers
the coins do what they are supposed to do, i had my floor set at $3400 on Aug 22nd, way before this nonsense started, good thing i didnt try to use cryotosteve too, i see that that seat is taken
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very good comment "Spread the rumoer, Buy the news and make money."
The Chinese government interferes in the bitcoin industry to seek future bitcoin speculation and become potential market drivers in the future. Therefore, the bitcoin price will increase above $ 5,000 by the end of this year.
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Yeah I'm just waiting for the dip to hit the lowest it can atm and I'll purchase some more
$3400? where you got it?
yay exactly!
likewise
Btcoin price is going down
Good poste cheaper like please
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what's an ecomomist?
Seems like it'd be a scientist that studied women who have begun to spawn while involved in Earth First...
The floor is gonna be somewhere between 2750-3000. Honestly, by the time 2018 rolls around, that price is going to be a fucking STEAL
FUD = buying opportunity. All this govt nonsense just uniting bitcoiners. Thank you China and Jamie Fraudster Dimon.
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nice topic!
Good article, thanks for the info, definitely worth an upvote from me.
Bought mine yesterday. Should've waited till today....Oh NOOO...Might it be lower tomorrow?
If so what are you buy prices?
check out my post too much to explain. Good luck though!
cool
Every year someone says that bans bitcoin. Just bs everytime.
So much FUD everywhere! You hit the nail on the head with this article. People want Bitcoin at cheaper prices and will do whatever they can to get it
Looks less like FUD with BTCC announcing they are shutting down. I suspect the Chinese government will not shut all exchanges down, they like control and will pick a couple to stay in business.
BTCChina is #2. I haven't heard anything from #1. If they're not shutting their doors, then what does the BTCChina news mean?
This ban is just for the normal citizens but not the govt. Their rules dont apply to themselves. Since this has alreday happent several times we know that the ban is temprory. While people are banging their head over the ban the chinese govt will stack up more coins slowly and slyly and release the ban once they are fully invested. As it would be trending then the price will rise so much. Its like a sick way to play but as we all know when it comes to money and power everything is fair for the governments :)
noting will stop BTC now its to late to stop it from going and going and going higher