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    Thread: Prices of Bitcoin Fall as China Shutting down local exchange

    1. #11
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      The government cannot control bitcoin because it was not designed to be under the direct supervision of one single entity, they may try but definitely it will never work, China is always trying to throw some stunt in terms of regulation, they will only sustain whatever they do for a short time and that would be it.


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    3. #12
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      I remember when the news filtered the air that China was shutting down some exchange, it was chaotic because the price of bitcoin took a nosedive immediately, people panicked because they had invested so much and it seems like they were going to lose, while the wise traders and investors saw that as an opportunity to buy cheaper.
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      The price of Bitcoin is in Bullish mode since January 2017. we see a huge movement and it move from $1000 to $20000. but in this week we see it is trading on $13000. i d,not know about the Theory behind this fall but i hope i will touch $20000 range again very soon.


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      The price of bitcoin as of today went to $15,500 and it still has potential for climbing upwards. The fall was necessary because I'm the world of Cryptocurrencies trading there is what is known as a bubble which means a retracement or a crash in price, you cannot expect a continuous rise without it.


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      Any news on bitcoin in India? I thought i have read somewhere that after China, India will start to do something about it as well. If it does, i think it will definitely help to push the price lower.


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    8. #16
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      China is one of the big players in the bitcoin industry. They have the leading exchanges and a very wide spread adoption of the currency. So there is no wonder why price in bitcoin will dip when negative reports on bitcoin comes from China. The major fear for bitcoin is whether or not it will be accepted as a means of exchange globally, any event that tends to suggest otherwise will seriously devalue bitcoin.


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    10. #17
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      Quote Originally Posted by Omoba9ce View Post
      China is one of the big players in the bitcoin industry. They have the leading exchanges and a very wide spread adoption of the currency. So there is no wonder why price in bitcoin will dip when negative reports on bitcoin comes from China. The major fear for bitcoin is whether or not it will be accepted as a means of exchange globally, any event that tends to suggest otherwise will seriously devalue bitcoin.
      The news is again fresh, China is crashing the bitcoin, read the news below. If they are halting the bitcoin trading in any form then does it mean cyrptocurency will have a nasty ending soon. So many golden dreams will be crashed, lucky are those who happened to ride earlier, they profit way ahead then those who just recently join the craze.

      China Intensifies Clampdown on Cryptocurrency Trading
      No Guts No Glory!


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      Do spend some time and study the chart below. Try to relate it to bitcoin chart. Im sure you can see some semblance. Once you do, plan your trade wisely. Good luck guys!

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      I am buying the bitcoin at the current level 11200 but it is just for a moment because I am not going to leave it for a longer term due the the new of the China and I think the price might further head downwards if this continue.

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      I heard from many peoples about Bitcoin trading since the start of 2017. many peoples advice me to trade in this Digital Currency if you want to become rich in short time. because i don't have good knowledge about trading so i'm unable to trade. now i'm learning about this thing and my friends are also help me in learning.
      i hope i will be able to trade in market in any Currency pair or in Metal very soon. i know the rate is falling from last few weeks due to several reasons but according to my study China Ban is not only reason behind the fall.


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