Quote from: nidacoinlove on September 13, 2017, 12:35:07 PM

Quote from: lordquanta on September 13, 2017, 06:30:15 AM

Quote from: djsugar on September 12, 2017, 04:53:46 PM

China is a huge market of cryptocurrencies. Their banning of Bitcoin exchanges will definitely have a negative impact on the market. Market might experience a relatively large dump. But market as always will ultimately recover and will come back on track.

Indeed. If you see the immediate effects are visible. The bitcoin price has tumbled below $4000 and may continue same path for few more dollars. Best part is bitcoin will rise higher and grow stronger in its recovery. We have seen bitcoin doing that again and again. Every fall in price is followed new and higher peak price.
Thus in way this is great time to buy bitcoin and earn profit when bitcoin goes in bull-run phase.

Bitcoin price fell down to $3800 I am expecting the bitcoin price to drop more and have no idea at the moment where it can fall to. I guess this time bitcoin will take quite long time to recover it's price because no one in China is going to take a risk to buy bitcoin and go against the government policy about the cryptocurrency. I was expecting this to be happen because China was the one with the biggest trade of bitcoin in the world. Things are not the same now I wish Chinese government takes it decision back of ban on cryptocurrency exchanges.

They would really do such thing on which they would remove that ban later on and business would go as normal again on bitcoin.It would still really go lower on its price even more on these upcoming days and as you said I don't have any idea on where to prices go.It does really give a bad impact on the price because of that Chinas decision regarding on banning ICO or even on Bitcoin.