Quote from: annicketucufaw on August 02, 2018, 12:53:25 AM

Quote from: jamesashmore1964 on July 05, 2018, 03:14:01 PM

This is not good because everything was a green light. even the analysts from Cointelegraph bought Bitcoin because they were so confident!

It is predicted in cointelegraph that altcoin and bitcoin price will dip. Check this link: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-iota-tron-price-analysis-august-01. We are already in the ghost month and this is the time of the year that most business are closed. So people don't have enough money to invest anything. In Chinese tradition, it is also said that releasing of financial assets is a bad luck if done this month. Wait next month and everything will be bullish again.

Do you still think that the Chinese have a firm grip on this market after the bans and regulations set by the government? The reality is that the Chinese do not matter much at the moment. The only logical way the market will rise again is if the ETF proposal gets approved which could trigger an insane bull run due to the incoming institutional funds which is a much more logical reason than some traditional reasons.