Quote from: deisik on June 23, 2017, 09:35:16 AM

Quote from: ranreichman on June 23, 2017, 09:21:07 AM

Quote from: Mandoy on June 23, 2017, 08:40:16 AM

****10****

http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.

http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

What do you mean "was saved by the Chinese exchanges"?

I guess he refers to prices staying above 2,500 dolalrs per coin now

On May, 26 the price crashed massively and went down to 1,800 dollars, and it is assumed that if Chinese exchanges hadn't been allowed to process Bitcoin withdrawals again in early June, the price would have stagnated at those levels or even gone lower. I don't know how genuine is this claim, but the rebound back to almost 3,000 dollars per coin soon thereafter was rather spectacular and should have an explanation (apart from a simple rebound on its own). The Chinese exchanges with their trading volumes surging explain this hike pretty well

Ah interesting, thx. I actually disagree with this. Maybe the Chinese exchanges helped it bump earlier but imo BTC would have recovered anyway.