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RE: Bitcoin Hits $5,000 Then Pulls Back Strongly
That fall is because of the China's government saying that they will banned the ICOs.
That fall is because of the China's government saying that they will banned the ICOs.
Except the pullback started a day and a half before the Chinese government made that declaration.
Sat night the price started dropping.
Yeah, but the price continues to fall because of that too...
Always after a quickly rise, we have a huge drop... But this drop intensifies also because of China.
Very true. It just added to the fear....which is crazy since we know the Chinese are the biggest miners of bitcoin.
Does anyone believe they are pulling back or trying to kill this market?
The Chinese have huge incentive to see it succeed.
I don't think so, since if they do that, the market will be back in a few months (if not, in days).
Remember, since they put the market down, they can't do it forever, and for me, the majority part of miners were in that, is a good thing, since know the difficult maybe will be decrease.
I agree...my optimism for crypto nor BTC hasnt been shaken in the slightest.
The longer this downdraft continues, the better it is. We needed a shakeout and are getting it. I am looking to add to positions so this is ideal.
Rather be at this point than trying to chase a running market.