Quote from: peter0425 on September 21, 2017, 02:24:47 AM

Quote from: dodopool on September 21, 2017, 12:02:26 AM

These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?

edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.

anyone putting absolute bottom below 2200?

Well another round of news saying that China is going after bitcoin mining farms now, so its possibility that what we are seeing are dumps because of the "news", fake or not. I don't see the absolute bottom below $2200, although I feel that it can go further at $2300-2400. Well good buying point is relative, but of course we always love to buy when we see the price floor. Just like last week before the recovery begun, the price bottom at around $2800-$2900 before reaching $4000 again.

And that only happened in a span of 2 weeks. So i am really intrigued on how the price of btc is actually developing. A lot could happen in just 1 week. So you can either have big profit in 1 week or wait for weeks or so to have an actual profit.