Quote from: elbimbo012 on September 04, 2017, 10:38:42 PM

Bitcoin current price is still on its High (though it drops significant percentage today). It is only normal that market will react when there is negative news considering China is a big market but for me this may not take longer. once market absorb the issue it will slowly going back to its uptrend mark.

i suspect last night's lows in the $4,000s was a major bottom. it's possible we are entering another corrective phase, but i'm pretty confident that we will at least test the $4,500-4,700 area before then. We could just as easily continue the uptrend and conquer $5,000 as well.

Quote from: Mistafreeze on September 04, 2017, 10:06:15 PM

Quote from: TheGodson on September 04, 2017, 09:15:03 PM

The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

Chinese idiots have started selling their coins because of their stupid Government

or the market was looking for a reason to dump. when i compare the chinese and western charts, it's not totally clear to me that this was triggered by chinese investors/traders per se. it was also the expectation of a drop by western traders.