Quote from: Mometaskers on January 11, 2017, 05:50:45 PM

Quote from: Nemiro on January 11, 2017, 05:39:11 PM

Quote from: Dr.Osh on January 11, 2017, 05:37:08 PM

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

as you know china is owning nearly 90% total bitcoin in the world. why we don't consider this big amount? and they can control this market. Everytime china has any bad news about bitcoin then the price is going down deeply.

Which would make it easier for new users to buy cheaper bitcoin, which then drives the price back up again. True, they're heavy users of bitcoin and it is a bit worrying that a sneeze there would make everyone else catch cold (or is it smog allergy?). Still, I don't see any reason for the gov't there to try to drop the price since that would affect all the miners there.

As for people selling it below $800, it must be really new adopters who are anxious that the price will drop even further. If you managed to buy btc when it was dirt cheap, there's really no reason for you to cash out in bulk.

Agree, if bitcoin users in China have 90% of total circulation, it's easy to manipulate the market price.
Sell BTC500-5000 will affect on the price obviously.
New comers panic looking at those drops and sell too, not a wise decision.
I only think positively about it, good time for purchase some cheaper bitcoin before it rise over $1000 again.