It will be interesting to see how PBOC decision on March 11 affects bitcoins value. I already withdrawn all my casino investments as I need to shift into altcoins once there is a rejection. Anyway in the long run bitcoin should continue to be bullish. Crypto-Games is so cool accepting eight coins.
If it turns out that they made the right decision then the price could easily reach 2k USD however if it doesnt then the price might be going down to the range of 700-800 so it is much better to sell some bitcoin while the price is still high and you can always buy back at the lower price. This is for coingamblingreview to consider as well
why do you say $700-800 as the bottom! i don't get it. there is no reason for price to go that low. have you forgotten where we started when news about ETF became viral? it was way past $1100 and even if the FUD from ETF possible rejection is combined with the FUD about split and FUD from China i can't see any price lower than $900
there is just too much buy support.
It was crazy watching the action of Bitcoin jumping around before the decision. was over $1,300 at one point before dropping $200.
But I don't think we will see any long term impact from this at all.