Quote from: Vishnu.Reang on April 18, 2017, 11:32:23 AM

There is a chance that we may go below $1,000 once more. One of the largest exchanges (Bitfinex) is in trouble, and if a meltdown occurs there, then we can expect the exchange rates to crash.

Bitfinex only hold around 9% of the volume so definitely it will not give a huge impact. Besides, people can freely move their BTC in and out of that exchange.

Quote from: york780 on April 18, 2017, 11:37:38 AM

Quote from: Vishnu.Reang on April 18, 2017, 11:32:23 AM

There is a chance that we may go below $1,000 once more. One of the largest exchanges (Bitfinex) is in trouble, and if a meltdown occurs there, then we can expect the exchange rates to crash.

Why? I dont think so. When Okcoin and Huobi stopped the withdrawl we didnt had a big crash. So I dont expect a crash. But hey, this is Bitcoin after all. Lots of new Japanese money flows in. New money= panic money. Depends on them if we crash or not

Indeed this is one good reason and will counter the bad press about Bitfinex. Merchants from japan accepting Bitcoin. Aside from that as long as whales does not make a scene out of this Bitfinex scenario and spread FUD through out the universe and make a fake dump, I think Bitcoin will be fine.