Quote from: Slow death on November 23, 2019, 12:54:38 PM

Quote from: Astargath on November 22, 2019, 07:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

So you believe the increase from $7400 to over $9200 was pure luck? Was it something normal? and coincidentally increased from $7400 to over $ 9200 just as the president of china talked about blockchain and days ago china said it is still implementing hard measures against bitcoin and the price has dropped to the point of going back to $7400... This is not coincidence, even if some people insist not see the obvious that China has a large influence on bitcoin price. when President Donald Trump and the Chinese President intensify their trade war, Immediately the financial markets react, why would we not believe that the statements of the Chinese president affect the price of bitcoin?

Initially though it was not that evident until everyone realized that it was too late. The pump was very artificial but everyone was very happy to see the price jumps above $9200 specially after the Chinese president statement. But since everything has settled down, it's obvious now that it was sort of misleading and confirmation, Chinese Central Bank Confirms Anti-Crypto Sentiment: Blockchain, Not Bitcoin.

So be it, let this be another lessons to learnt in this very evolving market, we need to read between the lines.