Quote from: n0ne on September 29, 2017, 12:41:01 PM

Quote from: NeuroticFish on September 29, 2017, 07:14:21 AM

Quote from: Victorycoin on September 28, 2017, 11:52:03 AM

Quote from: NeuroticFish on September 28, 2017, 08:49:46 AM

I think that many expects that the Chinese exchanges will not close or will reopen very soon after 30/9, that's the reason for this recovery.
"Buy on rumors, sell on news"

Stale news and the community have already moved on! China is only a fragment of Bitcoin and the cryptocurrency world, they erred by jumping to the conclusion that they were indispensable, of which they're not.

And many buyers and sellers - whether they are speculators and want to use Bitcoin as store of value - do they trades based on what's expected to happen next.
Many Chinese (and not only miners) have panic-sold. If the things get back on track in China, the trend will reverse: many people will buy again, whether as speculation or store of value.

Quote from: Victorycoin on September 28, 2017, 11:52:03 AM

Quote

Quote from: beginner3112 on September 28, 2017, 07:44:09 AM

Do u think the price may keep raising or decrease ??

Depends on the news. If the exchanges will remain open, we may get back to $5000 very fast.
If not, even one more price decrease is possible.

Japan have taken over more than 50% of daily trade volume, there is South Korea, there is Australia and a voracious global appetite, China will now have to fight to merit relevance.

I still believe that China was the one that made Bitcoin reach 5000$ and China was also one of the many that made Bitcoin fall to 3000$.
Of course, the newcomers help with keeping Bitcoin at 4000$ and even without China Bitcoin will rise sooner or later, but with China it'll rise earlier and faster.

No doubt that China is the one that makes a big contribution to the digital currency network. Maybe this will change when more countries involve into legalized use of bitcoin. At present once again the situation is getting stabilized causing a better price move and expect the price to reach $4500 soon as we are now around $4200

but i think that now the trend is changing, now people are giving more importance to bitcoin from all over the world. i think that now the number of bitcon users are increasing in throughout the world,we can see the bitcoin users in every places and i think still the number of bitcoin users is increasing, therefore we can expect that if a single country will bane bitcoin i am sure that it will not not put so much effect on bitcoin.