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?
The Chinese exchanges don't close till 30th september. So expect their users to continue to sell for yuan in order to withdraw ahead of time. Because a lot of trading bots still reference the prices on those exchanges, the sales will drag down the whole market. Just be patient and wait till the end of the month.