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Author Topic: It's a tough week for Bitcoin  (Read 3298 times)

josefjohnson

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  • It's a tough week for Bitcoin
    « on: September 14, 2017, 05:46:35 AM »
    The recent week has been tough for bitcoins. China’s decision to ban ICOs did not change investor’s mind to get more bitcoins and the bitcoin prices soared at that time. Do you think that the recent statement of JPMorgan’s CEO, Jamie Dimon is causing the drop of the bitcoin price?

    https://www.coinspeaker.com/2017/09/13/bitcoin-price-drops-below-4000-as-news-uncertain/


    Josef Johnson
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    Smith

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    Re: It's a tough week for Bitcoin
    « Reply #1 on: September 15, 2017, 12:43:49 PM »
    Yes, he exactly influenced the drop of the bitcoin price

    riskthebiscuit

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    Re: It's a tough week for Bitcoin
    « Reply #2 on: September 22, 2017, 12:08:36 AM »
    I would say its possible but not for certain that it caused the dip. The chinese news was floating around at the same time so it could have been either or a

    combination of both. Hard to say it was just the CEO and his thoughts on bitcoin

    hayleewilson

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    Re: It's a tough week for Bitcoin
    « Reply #3 on: September 22, 2017, 05:29:25 AM »
    That is a good point; one could not simply take it down, China’s actions plus JPMorgan CEO are equally responsible for it. Even if Jamie Dimon, JPMorgan CEO has warned his employees about getting involved, his company still works with the currency. China is going to close all the bitcoin trades at the end of September; you can say that it is going to be a market free of Chinese influence. Despite all that is still going on, bitcoin price is slowly making a comeback. 

    calis1

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    Re: It's a tough week for Bitcoin
    « Reply #4 on: September 23, 2017, 10:45:39 AM »
    Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.

    waqarkahloon

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    Re: It's a tough week for Bitcoin
    « Reply #5 on: September 25, 2017, 02:01:24 AM »
    yes it is still roaming around 3650 since a week. Was expecting to cross 4k but it failed because of so much pressure against it every where around the globe by govt and financial identities specially bankers. They see it as unregulated money which is against their interests. 

    mary_agnew

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    Re: It's a tough week for Bitcoin
    « Reply #6 on: September 26, 2017, 04:44:37 AM »
    Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.
    That is right, bitcoin is sure to bounce back from falling down but it would take time. China may have chosen to stay away from it but others would be there to pick it up and discover how they can benefit from it. It would make a comeback soon enough.
    Marketing Director of BestBitcoinPokerRoom.com

    waqarkahloon

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    Re: It's a tough week for Bitcoin
    « Reply #7 on: September 26, 2017, 05:40:42 AM »
    Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.
    That is right, bitcoin is sure to bounce back from falling down but it would take time. China may have chosen to stay away from it but others would be there to pick it up and discover how they can benefit from it. It would make a comeback soon enough.
    many countries are stopping cryptocurrencies but with time it will find other ways to pour into economy as this is decentralized system and govt cannot control. Even sale purchase of bitcoin increase a lot on localbitcoin after ban on local exchanges. So noody can stop it.

    Criza

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    Re: It's a tough week for Bitcoin
    « Reply #8 on: September 26, 2017, 08:22:56 AM »
    The recent week has been tough for bitcoins. China’s decision to ban ICOs did not change investor’s mind to get more bitcoins and the bitcoin prices soared at that time. Do you think that the recent statement of JPMorgan’s CEO, Jamie Dimon is causing the drop of the bitcoin price?

    https://www.coinspeaker.com/2017/09/13/bitcoin-price-drops-below-4000-as-news-uncertain/
    Yes it is. It's very influencial for Chinese investors which are one of the biggest investors in crypto currency.

    calis1

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    Re: It's a tough week for Bitcoin
    « Reply #9 on: September 26, 2017, 07:38:49 PM »
    Already cleared the recent lows.

    GMON

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    Re: It's a tough week for Bitcoin
    « Reply #10 on: September 28, 2017, 09:23:48 PM »
    I think it's important to look at the long run. Cryptos aren't going anywhere, and the potential is huge. They are already redefining a lot of industries, and it will only grow bigger. I stocked up while there was a sale  ;D

    hayleewilson

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    Re: It's a tough week for Bitcoin
    « Reply #11 on: September 29, 2017, 07:45:52 AM »
    I think it's important to look at the long run. Cryptos aren't going anywhere, and the potential is huge. They are already redefining a lot of industries, and it will only grow bigger. I stocked up while there was a sale  ;D
    That is great for you to have a lot of them in store. I am guessing that you might have been around for a long time, waiting for the opportunity to purchase them when at low price, that is genius! Anyway, with all of the businesses adapting to bitcoins, it is sure to be more popular as it is today

    AlisaTofal

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    Re: It's a tough week for Bitcoin
    « Reply #12 on: October 04, 2017, 02:22:53 PM »
    Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.
    That is right, bitcoin is sure to bounce back from falling down but it would take time. China may have chosen to stay away from it but others would be there to pick it up and discover how they can benefit from it. It would make a comeback soon enough.
    I still do not understand the position of China, but exactly bitcoin will gradually grow

    riskthebiscuit

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    Re: It's a tough week for Bitcoin
    « Reply #13 on: October 05, 2017, 06:03:11 AM »
    Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.
    That is right, bitcoin is sure to bounce back from falling down but it would take time. China may have chosen to stay away from it but others would be there to pick it up and discover how they can benefit from it. It would make a comeback soon enough.
    I still do not understand the position of China, but exactly bitcoin will gradually grow

    Try not thinking about it from an ICO or investor perspective. Those are the reasons they used for what they did but what does their statement really say?

    I think it really goes to show that the controlling communist government of China simply cannot control cryptocurrencies and this worries them. Worried

    so much that they had to go and ban ICOs. Outside the box thought, but worth a consider I think

    ArselMoris

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    Re: It's a tough week for Bitcoin
    « Reply #14 on: October 05, 2017, 06:11:39 PM »
    including, but the drop in bitcoin is also affected by people's reaction to the position of China

     

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