Post
Topic
Board Bitcoin Discussion
Re: Oh Shit! - China bans Bitcoin yet again. This time for real.
by
istake
on 19/09/2017, 11:00:56 UTC
Listen btc has one price and the market will even itself out. Its one asset that is truly an asset of confidence. Its price is a pure reflection of the communal confidence. What you must not miss out is that people make money when the price drops especially a certain prolonged drop which is expected with news like china bans all exchanges. If a btc owner sells at 1btc at $4500 expecting a nosedive then buy whn it steadily begins to rise again at $3500. then the btc owner has made $1000 profit. Now multiply that by 1000. If a group had government intel and knew this announcement was coming........ the more they rushed the market the higher the price got till .......Ok I got sidetracked, but the point is if price goes down people make money too.

Bottomline is there is a transfer of wealth when the prices move but bitcoin will stabilize, because it is (bruce lee voice)"like water" it has no border, boundaries. If you close one space it will flow into another.