Quote from: TERA2 on April 14, 2018, 12:04:39 AM

Quote from: HI-TEC99 on April 14, 2018, 12:02:03 AM

Quote from: TERA2 on April 13, 2018, 11:58:06 PM

Sub 6 is still highly likely. Its just a matter of if we're distracted by this huge multi-month bulltrap first like in 2014.

I doubt it would have crashed at this time of the year in 2014 if China hadn't banned Bitcoin for the first time.

The first time it made waves, but they banned it too many tines now for anyone to give a shit.

The first China Ban was in late 2013. What does todays action have to do with China?

China banned its banks from handling transactions involving Bitcoin in 2013, but it didn't entirely ban Bitcoin.

There was a rumor China would entirely ban all Bitcoin transactions by 15th April 2014. That crashed the price about this time of year back in 2014. Without that "ban" I doubt the price would have crashed around Easter. Just because the price crashed in Easter 2014 doesn't mean it will crash in Easter 2018.

These quotes are from 2014.

https://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

Quote

The price of bitcoin recovered from a low of roughly $380 and rose past $420 at press time on 11th April, on the news that Zhou Xiaochuan, the governor of the People's Bank of China (PBOC), had issued new statements potentially clarifying the central bank's position on bitcoin.

According to reports, during Boao Forum, Xiaochuan offered his opinion on the nascent technology, saying that China would not seek to ban bitcoin and other digital currencies entirely.

https://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/

Quote

A false report published on a financial news feed run by Chinese microblogging site Sina Weibo was responsible for the sharp decline in bitcoin prices across China's biggest exchanges today (21st March).

At 10:22 am GMT, Sina's financial live feed issued a now-retracted news report indicating that China's central bank, the People's Bank of China (PBOC), would move to halt all bitcoin transactions in the country effective 15th April.