Post
Topic
Board Speculation
Re: Why the sudden fall to $700s after stable $900s?
by
Skarner21
on 11/01/2017, 13:16:54 UTC
Scared Chinese people are pulling their money out of OKC and Huobi in fear of government investigation into the exchanges and exposing fraudulent behavior. The price on OKC and Huobi is now more than $50 below the western exchanges while before it was the other way around. If you believe the Chinese government will not do much except make the exchanges promise them to be good and take a bribe or two then now could be a good time to buy and make some money. Wink

Well, what if it gets banned in China after the investigations? What will be the implications then? Will we recover? Huh

Yes this is the kind of fear that's making the market drop right now. You feel it don't you? Want to sell your coins right now? Smiley
Its not a good idea to sell bitcoins right now the price of bitcoin right now is decrease and i think we are in 700 level back again. but i think the price can rise again back. i hope that it will not decrease more soon..
Bitstamp someone are still pushing the price up.. and i think if chinese are selling their bitcoin i hope there is other people are buying  more bitcoin just to pushing up the price of bitcoin those chinese they are planning to centralize and they are attracting other to panic sell so if you sell you will just lose..
Go bitstamp traders go push back to $800 value above..