Bitcoin ==> China Bans Exchanges ==> BTCC to shut Down ==> Price dropping!!

in bitcoin •  2 years ago 

Bitcoin Price falling

Looks like china banning bitcoin exchanges in shanghai is a certain,
as we have seen BTCC's twitter where they annouced of shutting down their
exchange platform by the end of September.

What impact it could put up on Bitcoin's price ?
Maybe a lot .. cause that exchange is quite big one.
Not sure though, as I consider myself not an expert

But my previous calculations went right :)
I am expecting Bitcoin to be @3000$ in the following month.
after this Bitcoin Exchanges Ban in china settles down, then we will see rise again in its value.
and as we know other coins will follow the trend.

Lets Hope

With that being said, you don't need to lose hope. even if you made big loss,
you will recover in long run. for long term investors, its not a big deal. we have seen these kind of drops
many times. and we are used to them now :)

I think best bet will be on LTC at this moment,
Cause it has to move at least 100$ in next couple months. it is necessary for it.
cause block rewards already dropped because of difficulty
if mining LTC is not profitable. more people will leave it. and join other cryptos.
so I think best bet is LTC at this moment.

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totally agree with you!
Reserve bank of india is plannig approve the use of bitcoin in india.

@ronaldmcatee got you a $1.73 @minnowbooster upgoat, nice!
@ronaldmcatee got you a $1.73 @minnowbooster upgoat, nice! (Image:

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This post has received a 1.11 % upvote from @booster thanks to: @ronaldmcatee.

It was helpful.
Personally I bought a large amount of ETH at the time of this collapse.