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  • Crypto-Carnage: Bitcoin Crashes Below $3000 After China Demands All Local Exchanges Close

    From zerohedge.com

    The latest bitcoin news out of China has confirmed recent rumors and traders' fears about a widespread crypto-crackdown, sending the price of bitcoin world-wide spiraling lower to levels it hasn't touched since the beginning of the "summer of bitcoin." Information appearing from China appears to confirm that trading will no longer be legal for Bitcoin-to-fiat platforms. According to market regulators, all exchanges must close by the end of the month. The price is down 20% this morning, adding to a similarly large drop yesterday, slipping below $3,000 for the first time since mid-July. Cryptocurrency CEOs reacted to ... (full story)

technically 2800-3000 band is a strong support. You want to be in the game , buy around 3000 with a stop around 2400 . target is a double top or a new high around 7000
Quoting Namli
technically 2800-3000 band is a strong support. You want to be in the game , buy around 3000 with a stop around 2400 . target is a double top or a new high around 7000
wow best of luck, but i am not gonna put my money on Crypto, I'd love to regret when Bitcoin cross 7000 Dollar a Coin but i am never gonna put my money on decentralized Currency
Its not about the money, its about the game, the game between people.
I see that America rationing bitcoin
ZZZZZZZZZZ
Quoting Mohammad-Ali
{quote} wow best of luck, but i am not gonna put my money on Crypto, I'd love to regret when Bitcoin cross 7000 Dollar a Coin but i am never gonna put my money on decentralized Currency
for a technical trader , this is how it is . ( I don't insist on levels but the idea ) anything that has a chart and is tradable with enough liquidity is same. It is not a long term asset purchase. And it is not gambling totally. For me it is no different than fx trading except money management part. Due to higher volatility leverage should be carefully handled.
Can trade it but not as a store for value. Best of luck!!!
I think there is a world market for maybe five computers. - IBM Chairman Thomas Watson, 1943

Mid June Bitcoin was priced at $2,000 today $3300 , whats the problem ?

Same problem anyone who bought an apartment in Tokyo in 1989 had , or anyone
buying Stocks, Property or Bonds has today ..... ?

Avoid chasing TOPS ....
somebody can explain for me why it turn to rise again ? while The world of bank and China do not support Bitcoin anymore. Right now is around 3500. Tks
Quoting Namli
technically 2800-3000 band is a strong support. You want to be in the game , buy around 3000 with a stop around 2400 . target is a double top or a new high around 7000
Are you brainless ??? There is nothing technical about infatuation !!
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do you guys think that governments will just sit and watch as this thing goes through the roof? it's no secret that tax dodgers and criminals are buying this thing and its beginning to threaten the almighty greenback, and when the buck is in threat wonderful things begin to happen
Quoting fxx360
{quote} Are you brainless ??? There is nothing technical about infatuation !!
yes for someone who is brainless , there is no technical
Quoting Guest
do you guys think that governments will just sit and watch as this thing goes through the roof? it's no secret that tax dodgers and criminals are buying this thing and its beginning to threaten the almighty greenback, and when the buck is in threat wonderful things begin to happen
Are you thick or yes????

So tax dodgers??? Say Google or Joe Backyard are buying bitcoin???? And that magically erases their tax bill??????? 😲

So criminals eh???
What were them poor criminals buying or accumulating before 2010?????
TwixTwix??? River pebbles??? Vintage DVDs??? Frozen yogurt?????

Ignoramuses disgust me....but good for future growth!!!

Go crybabies
Beware of robber banks (RB), bad advisors.
My wallet was empty an no time to fund,$3000 to $3700 in hours.Had spent into a few managed programs that trade bitcoin.Wonder how much it would take to make a move like that,got to be billions all the once.
once was good to be bought good pump dump but now no value , bet on red local casino
pop pop popping
Quoting khangduy85
somebody can explain for me why it turn to rise again ? while The world of bank and China do not support Bitcoin anymore. Right now is around 3500. Tks
Biggest buyer on the flip, JP Morgan Chase, the same bank slamming it last week , Nice , they got a 35% discount (is that even legal)
Quoting Not-KPMG
{quote} Are you thick or yes???? So tax dodgers??? Say Google or Joe Backyard are buying bitcoin???? And that magically erases their tax bill??????? 😲 So criminals eh??? What were them poor criminals buying or accumulating before 2010????? TwixTwix??? River pebbles??? Vintage DVDs??? Frozen yogurt????? Ignoramuses disgust me....but good for future growth!!! Go crybabies
Seems a bit strange to me , Bitcoins only been in existence since 2009 (really 2014 for any kind of real world awareness), so pre 2014 we had no Crime or Tax evasion ?? I'm guessing 0.000001 % of all illegal activity is done in Bitcoin , why are we not seeing a case for banning Fiat Currency, responsiible for the other 99.99999%,
or the shutting down of all the Banks that trade in them ? or IPO's that brought us Enron, Arthur Anderson, South Sea Company and 1,000's of other scams ?

Absolutely agree, all illegal activity should be stopped Globally, but........ come on Chinese Gov et al , check out you're property , equity, commodity markets 1st .... meantime , excuse me if I make some cash
May be of interest.. https://www.cnbc.com/2017/08/17/bitcoin-faces-regulations-crackdown-by-asia-pacific-country.html
Quoting cliffedwards
May be of interest.. https://www.cnbc.com/2017/08/17/bitcoin-faces-regulations-crackdown-by-asia-pacific-country.html
Thanks Cliff, things move fast in the Bitcoin space

https://cointelegraph.com/news/japan-becomes-largest-bitcoin-market-as-traders-leave-china?utm_content=bufferc6e00&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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  • Posted: Sep 15, 2017 8:48am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 17  /  Views: 7,526