Bitcoin price FALLS: Why is bitcoin falling TODAY?
2017-09-15, 06:18 PM,
#1
♕ Bitcoin price FALLS: Why is bitcoin falling TODAY? ♕

If you guys didn't know, then here is the news
Bitcoin price dropped to $3016.25 Per BTC today!


Below you'll see an article explaining what happened, Also tell me in the comments if you guys are going to start investing after the price dropped, or will you wait til it even drop more since it's possible? from my side, i'll be waiting for the $2,5k drop hopefully it'll happen

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Bitcoin tumbled immediately after Chinese bitcoin exchange BTCChina announced that it will stop all trading from September 30.

The latest bitcoin price chart show that the cryptocurrency dipped below $3,500 today amid fears the Chinese government cracking down on exchanges.

BTCChina, one of China’s largest bitcoin trading platforms, will stop registration of new users on Thursday due to the crackdown by regulators.

“We will stop all trades on the digital trading platform starting Sept. 30,” it said on its official microblog.

BTCChina said its decision was based on a Sept 4 directive from Chinese authorities that expressed concern over investment risks involved in cryptocurrencies and which ordered a ban on initial coin offerings

The bitcoin trading platform tweeted: “After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30.”

Media reported this week, citing sources, that China planned to further ban exchanges that allowed virtual currency trading but the regulator has yet to make an announcement.

The regulators’ crackdown was sparked by fears that Chinese investors were speculatively piling into cryptocurrencies.

[Image: bitcoin-exchange-1065442.png]

Last week they banned the practice of creating and selling digital currencies or tokens to investors to finance start-up projects.

Bitcoin has fallen $1,000 since the start of the month amid speculation the Chinese government is launching a crackdown on exchanges.

The price tumble today came after JPMorgan Chase CEO slammed bitcoin as a ‘fraud’ that will ultimately blow up and said he would fire anyone trading bitcoin because it was against their rules and 'stupid'.

"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," he said, referring to the tulip mania crash in the 1600s.

Bitcoin Live Price Update

"Currencies have legal support. It will blow up."

John McAfee, of MGT Capital Investments, hit back at Dimon's claim that the cryptocurrency was a 'fraud'.

Mr McAfee said: "You called Bitcoin a fraud. I'm a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin.

“What does it cost to create a US dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin.

“It's called proof of work."

Source
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miguelxp12(2017-10-11 03:09 AM) AbdouMotDz(2017-09-17 12:01 PM) 

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2017-09-15, 06:22 PM,
#2
Now is time to get it for sure! Im planning to start investing in those coins, just buy and forget!
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LB'Decoy(2017-09-15 06:25 PM) 

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2017-09-15, 06:27 PM,
#3
(2017-09-15, 06:22 PM)SpawneR Wrote: Now is time to get it for sure! Im planning to start investing in those coins, just buy and forget!

I would wait another 2 days, since the drop started today, it is predicted to fall lower than $3k
last month i had the chance to buy at the price of $1,800 then it suddenly went up to $4k+ in 2 weeks, so IMO no one should think twice now
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2017-09-15, 09:54 PM,
#4
It is 3667$ right now, I guess it won't be less than 3k$. I am thinking to buy BTC after few time.
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LB'Decoy(2017-09-16 03:50 AM) 
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2017-09-16, 01:17 AM, (This post was last modified: 2017-09-16, 01:18 AM by julianthr.)
#5
You are right. I was there a month ago and had the chance to buy for $1800 at that moment. Actually I was doing shot selling and a few days later it reached +$3k. I knew it was going to keep going up but fast money is fast money. I'm waiting to get on board again, this time for the long therm.

Thanks for the info !
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LB'Decoy(2017-09-16 03:50 AM) 
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2017-09-16, 11:32 AM,
#6
I think it is traders game, they might reopen trading soon.
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LB'Decoy(2017-09-16 05:06 PM) 
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2017-09-17, 11:47 AM,
#7
After BTCChina will stop BTC trading it will surely have a major impact in BTC price drop, I am also going to invest when it get decrease to $2500 or near to that amount.
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LB'Decoy(2017-09-17 01:34 PM) 
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2017-09-17, 12:28 PM, (This post was last modified: 2017-09-17, 12:28 PM by AbdouMotDz.)
#8
Hopefully, it will drop down $2.5k. Thanks for the article.
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LB'Decoy(2017-09-17 01:34 PM) 
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2017-09-25, 08:35 PM,
#9
Yes but it is not falling now, it is now increasing day by day.
Reply
2017-09-27, 06:52 PM,
#10
I hope the price falls again.
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LB'Decoy(2017-09-27 07:57 PM) 
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