Quote from: styca on September 14, 2017, 06:26:40 PM

Quote from: BenOnceAgain on September 14, 2017, 04:43:27 PM

Quote from: Ehrhc on September 14, 2017, 05:43:28 AM

In the last weeks, we had so many rumors, and because of that we had " Crash"? No, I believe its some sort of market correction, it is good for ICOs, to have more money going in instead of BTC.

Corrections are a healthy way for markets to consolidate at a new floor and launch another leg up. The action by the Chinese central bank is causing their exchanges to have to either close or remove fiat conversion. This, in turn, causes a large amount of liquidation which increases the supply of BTC.

From what I understand there's somewhere around a 15-20% discount in BTC value on Chinese exchanges right now. This will settle out.

Yes. It's a correction triggered by a succession of negative news events. The domestic Chinese trading closedown is the latest (and probably biggest) in the series. A correction is certainly healthy; things were starting to get overheated again in the bull market after the summer dump.

Everyone needs to relax!

Agree. Relax. Go outside. Read a book.