Quote from: Rahar02 on September 18, 2017, 01:51:17 PM

Quote from: swiftblade on September 18, 2017, 10:57:36 AM

Quote from: pedrog on September 18, 2017, 09:00:29 AM

It can be a fake out, don't put all your money in yet.

Chinese holders have till the end of this month and end of October to cash out their holdings, expect more volatility coming.

In past 20 days, turn down happened from 4.9k and 4.5k each in Peaks. I myself has made a safe-line by Gradient of those 2 peaks, as result I got 4.1k~4.3k.

There is the safe point, sell half of whole portion at that moment is the best choice. Or just become a Greedy Crazy Gambler

Hard to say bitcoin will continue to rise up or it just another way to make people buy more bitcoin before it get dumped again.
Or, another case due to recent good news about bitcoin acceptance in South Africa's second largest Supermarket Chain Pick n Pay which supported by electrum platform and Luno exchange [1]
Or, Japan as the first Country that has legalized bitcoin as legal payment method in their country which encourage citizens, business and companies to provide-transact bitcoin payment which has growing and take over the power from China.
At least you know that buy and sell bitcoin in short time is a gambling activity where many people lose in this game, only if you are panic sell less than the rate as you've bought in the first place.

[1] https://news.bitcoin.com/south-africas-second-largest-supermarket-chain-pick-n-pay-trials-bitcoin-payments/

This is bitcoin we are talking here anything can surely happen and I think this bad news that occur is just a coincidence, and china is the only one that is aware of it, I myself don't have any idea in whats gonna happen with the price of bitcoin back then, and I was the one of the many users that keep hodl of their bitcoin and just wait for the value to come back again, well there is an opportunity in earning in it but I don't usually take out my Bitcoin when I don't really needed money but there is always this idea that even if the value drops it will always turn the tables around and come back.