[USCPHILLYGUY]

another interesting article talking more about the china situation

https://www.cryptocoinsnews.com/bitc...actors-trends/

[Sam Odom]

Jan 1st , 2017

973

keeping things in perspective

[JAKEPEAVY21]

most cryptos are getting buried the past week or 2

[Sam Odom]

most cryptos are getting buried the past week or 2

[MeanPeopleSuck]

A number of China’s top bitcoin exchanges are preparing to suspend their services following instructions from the government.

BTC China, one of the country’s top three, became the first to officially make the move after it announced today that will stop all trading for China-based customers from September 30.

The company said other services, including its BTCC Pool for miners, are not impacted and will continue to run. There’s no word on when, or indeed whether, it will reintroduce trading.

Yep, BTCC is China's largest exchange and it's closing what appears to be all operations -- exchange AND OTC trading -- Sept 30th. This is huge, horrible news: https://www.cryptocoinsnews.com/brea...rading-sep-30/

Chinese exchanges provide about 35% of global BTC demand. Or, it's looking more like, Chinese exchanges used to provide about 35% of global BTC demand.

[USCPHILLYGUY]

Yep, BTCC is China's largest exchange and it's closing what appears to be all operations -- exchange AND OTC trading -- Sept 30th. This is huge, horrible news: https://www.cryptocoinsnews.com/brea...rading-sep-30/

Chinese exchanges provide about 35% of global BTC demand. Or, it's looking more like, Chinese exchanges used to provide about 35% of global BTC demand.

do you think this is just the Govt getting involved with a licensing situation and re-opening or just a sign of bigger things to come

[jayc88]

everyone who is putting a lot of money into crypto currencies is a sucker sorry. Dumb people getting exploited by ruthless companies trying to get money without any kind of regulation.

[MeanPeopleSuck]

do you think this is just the Govt getting involved with a licensing situation and re-opening or just a sign of bigger things to come

If China's forcing its largest, most profitable exchange to close, it's hard for me to imagine it intends to let ANY exchanges remain open, but that's just a guess.

As for whether China eases up at some point after this crackdown, I don't even have a guess. They seem to do everything in secret over there, so I'm not even sure where to look for clues.

[JAKEPEAVY21]

It's going down to $3 and will never go back up. Will be completely worthless in a few months.

dude, why do you even chime into this thread with the same nonsense? Just go away unless you have something to add instead of the same garbage spam that you love to spew.

My guess is that you are broke and jealous of all those that have made a lot of money with bitcoin and other cryptos? It is not a good look to stew in jealousy and hatred.

While you're at it, why don't you go PRO here and support SBR and a charity? Oops my bad, you don't have $100 to spare.

[MaddyMax]

Realistic Bitcoin price by end of 2017 is $1000.

[trytrytry]

just dropped below 3333
buy time

[BadLuckSanta]

just dropped below 3333
buy time

Nope
$2200 is coming

[USCPHILLYGUY]

just dropped below 3333
buy time

I'm seeing 3411

[KVB]

Try, are you cashing in points for Bitcoin? I thought about sending some to a book from SBR.

[trytrytry]

I'm seeing 3411

its gone up a tiny amount past hour. lowest I saw was actually 3025 coinbase exchange. the exchanges not all agreeing esp during the RAPID plummet drop early today.

[milwaukee mike]

dude, why do you even chime into this thread with the same nonsense? Just go away unless you have something to add instead of the same garbage spam that you love to spew.

My guess is that you are broke and jealous of all those that have made a lot of money with bitcoin and other cryptos? It is not a good look to stew in jealousy and hatred.

While you're at it, why don't you go PRO here and support SBR and a charity? Oops my bad, you don't have $100 to spare.

that seems to be the case with a lot of people

even though i'm holding a little bitcoin... i don't care too much if it's at $100 or $1000 or $10,000... as long as it still exists! it's been fantastic for moving money to/from sportsbooks.

i used to have to pay $70 or so in bank fees for every international check, and trying to deposit significant amounts into books was really tough

[USCPHILLYGUY]

[Sam Odom]

the 'current' price can be all over the place depending on wallet/exchange

[BadLuckSanta]

Don't try to move bitcoin today

Over 32000 unconfirmed transactions and counting right now

Got fkkd and now my money is in limbo

Just a heads up

[milwaukee mike]

how many places allow margin trading of bitcoin? i know kraken does

back in my stock market trading days stuff that was getting clobbered would go down further the next morning (because of forced sales)

supply and demand is a simple thing, yet fascinating because nobody knows what the demand side is/will be

[Sam Odom]

one would think (?) 3000 is a psychological floor

if that is crashed ... hold the fuk on

[bonz]

Bitcoin nailed me good this time. Fuk this last time I get burned.

[milwaukee mike]

one would think (?) 3000 is a psychological floor

if that is crashed ... hold the fuk on

that's what happened already today, bitcoin fell through $3000 euro/btc and now it's at 2810

[Sam Odom]

yeah I guess... Americanocentrism

[milwaukee mike]

yeah I guess... Americanocentrism

all those european weirdos sold when it dipped below 3000 euro

[Philmill]

the band stopped playing and the beers all gone.....

Now everybody wants out....

[Sam Odom]

ticking up (holds breath)

[triplecrown333]

far right is asian , will penetrate

[USCPHILLYGUY]

3402

[Git Lo]

you guys are crazy for buying btc after the China news, btc is dominately traded in asia, do your research

[senseionline]

if china further stop all exchanges it will be long road to recovery hopefully some good news from OKCoin and Huobi are meeting with regulators tomorrow ---finger cross

[jjgold]

Many people are going to get wiped out this is going to be like the great depression equivalency

[hotcross]

you guys are crazy for buying btc after the China news, btc is dominately traded in asia, do your research

remember simple trader rule, do not catch a falling knife. Repeating it in this thread just trying to help.

In one week, a high of $4700 to current $3300 is 30% drop IN A WEEK.

[SpeedPro]

There are plenty of other good cryptos to look into if BTC is not doing well. I like Litecoin myself.

[MeanPeopleSuck]

just dropped below 3333
buy time

Hi, Triple T, good to see you again!

Agreed, I've extended my buys all the way down to $2601 (so every $50 from 3751 down to, now, $2601).