Bitcoin currency of the future?

[5crew]

Litecoin creator caused the latest dip in the market by saying that China was going to ban Bitcoin trading. He then deleted the tweets.

However, where there's so much smoke, there's often fire. Click on the tweet and read through the series of tweets.

There was a China ban on ICOs 2 weeks ago.

The China banning bitcoin trading news started last Friday with their local papers saying that. Over the weekend some claim it's fake while every alternate day, different sources confirms it.
The dip yesterday was indeed done by Litecoin creator, but he was not the original source. Imo, the ban pretty much confirmed, I'm just surprised the market haven't reacted to it. It seems they are still not believing the news.

I'm still waiting for China officials to reaffirm the ban. The 3 ~ 5 articles were just echoing Friday news.

 

[SwamiLeoni]

Two big dips recently related to China. I could see a bear market in the future. I hope not, but it would be a good time to buy if it did happen.

China, and ICOs, have the potential to scare off newer investors. There are a shit-ton of ICOs that look like scams. I'm not a fan of them in general.

Yea, and Charlie LTC's creator didn't help posting yesterday on twitter that China was in fact banning BTC. He deleted the post later on but it had an impact on the market for sure. The only thing thats currently green in my portfolio is ARK and thats because of the ACES news that came out. BTC dropped below $3500 today with LTC @ sub-$50 and ETH sub-$230. I almost dropped a K on either LTC or ETH but haven't pulled the trigger. I really like LTC because of how fast and cheap it is, but ETH is also a safe bet. Decision during a buyers market are tough!

 

[in the]

Yea, and Charlie LTC's creator didn't help posting yesterday on twitter that China was in fact banning BTC. He deleted the post later on but it had an impact on the market for sure. The only thing thats currently green in my portfolio is ARK and thats because of the ACES news that came out. BTC dropped below $3500 today with LTC @ sub-$50 and ETH sub-$230. I almost dropped a K on either LTC or ETH but haven't pulled the trigger. I really like LTC because of how fast and cheap it is, but ETH is also a safe bet. Decision during a buyers market are tough!

This has been a full-on nosedive and it's tough deciding to buy now or later, because another dip is probably inevitable. Only one Chinese exchange closed down. When Huobi closes, it'll cause another selling panic, so I don't think we've hit bottom yet.

 

[NoGoodNamesLeft]

i have over 15k invested in dogecoin, and its down 30%, i literaly just lost 5k worth of doge. fucking shit,.

 

[WorldofWarcraft]

Chinese has been farming BTC for years now. They have built buildings and infrastructure dedicated solely to this task.Doesn't make sense that they're banning it unless they're manipulating the prices so they can buy some more at a much lower price than where it's currently at.

 

[in the]

Bloodbath right now. Below 3k with no bottom in sight because another Chinese exchange closed and they're selling on top of people selling from the other Chinese exchange closing.

Litecoin crashing hard.

 

[in the]

i have over 15k invested in dogecoin, and its down 30%, i literaly just lost 5k worth of doge. fucking shit,.

wow

Spoiler

Sorry, had to.

I'm licking my wounds, too.

 

[in the]

Chinese has been farming BTC for years now. They have built buildings and infrastructure dedicated solely to this task.Doesn't make sense that they're banning it unless they're manipulating the prices so they can buy some more at a much lower price than where it's currently at.

That's what I think is happening, but there's a massive selloff right now.

China will probably be back in 2018. I'm going to HODL and wait for the price to drop even more, then pounce.

It does say something about crypto that Chinese markets closing down (when they don't account for a real significant portion of overall trading) causes such panic and dips. Volatility in cryptos can be a killer. Investors have no hope but to hold right now.

The whales are circling.

 

[in the]

 

[in the]

I'd short that prediction ATM

 

[in the]

 

[in the]

 

[in the]

 

[in the]

 

[in the]

BTC finally dipped below 3,000 USD for awhile before bouncing back up almost 400 dollars.

Looks like a bunch of people set their buy orders at 3,000 dollars lol

 

[Rjay]

Chinese has been farming BTC for years now. They have built buildings and infrastructure dedicated solely to this task.Doesn't make sense that they're banning it unless they're manipulating the prices so they can buy some more at a much lower price than where it's currently at.

I don't know if you're aware but the Chinese government making the regulations and the private citizens mining the bitcoin are not the same thing.

Based on your logic then government shouldn't be intervening in anything that private citizens have spent money on. "Chinese scammers have built buildings and infrastructure dedicated solely to this task.Doesn't make sense that the government is cracking down of fraud unless they're manipulating the fraud so they can defraud others at a better price"

 

[Rjay]

Oh man thats some funny-ass shit, full of wishful thinking and pure speculation. I love bitcoin, gives me a front seat to Tuplic-mania for the the 21st century.

 

[SwamiLeoni]

Oh man thats some funny-ass shit, full of wishful thinking and pure speculation. I love bitcoin, gives me a front seat to Tuplic-mania for the the 21st century.

ALL BTC related news as far as investing goes is Speculation. Good news for NEO though, hopefully I can get in on the pump.

 

[Rjay]

ALL BTC related news as far as investing goes is Speculation. Good news for NEO though, hopefully I can get in on the pump.

Why not just go to the casino and put it all on red

 

[Madmick]

The current freefall is strictly because the Chinese government is shutting down cryptocurrency. Fancy that. The first major government to officially address this remarkable, disruptive technological innovation with an authoritarian hand are the Communists. Of course they're foolish enough to believe they can control it.
JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up

If that doesn't immediately hand you a compass showing cryptocurrency as true north, then I don't know what will. It's legit. It's the future.