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Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Blink - 09-14-2017
As many of you may know, Bitcoin (BTC) and other cryptocurrencies have dropped quite a bit recently, and are now attempting to recover.
This is for multiple reasons, one is that China may ban them altogether, another is that Jamie Dimon (JP-Morgan's CEO, apparently) called Bitcoin fraud.
Here's some links:
https://www.thestreet.com/story/14303357/1/bitcoin-prices.html
https://www.forbes.com/sites/panosmourdoukoutas/2017/09/09/why-china-crushed-bitcoin/#b3fa45029efa
https://www.bloomberg.com/news/articles/2017-09-11/bitcoin-diehards-undeterred-as-china-seeks-to-tightens-controls
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
https://finance.yahoo.com/news/bitcoin-falls-chinese-agency-says-225400659.html
As of posting, BTC is at $3,825.61, ETH is at $272.66, BCH (Bitcoin Cash) is at $493.00, and LTC is at 60.69.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Slacker - 09-14-2017
I did notice a substantial drop on BTC. A few days ago (literally with in 48 hours( it was sitting pretty at 4200+.
JP Morgan will say what ever it takes to throw mud in the faces of any and all competition. They are set in Thier ways as they've made more money then most Americans have deposited into accounts and they do not want that to change.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - mothered - 09-14-2017
Perhaps this may be a good time to Invest?
I'm not Into the share market, but logic has It when there's a substantial drop, It's safer to Invest.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Ecks - 09-14-2017
Well I personally think that since Equifax got hacked, more Americans will begin to invest more into crypto currencies, could be wrong but it seems like a logical step.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Blink - 09-14-2017
(09-14-2017, 07:00 AM)Ecks Wrote: Well I personally think that since Equifax got hacked, more Americans will begin to invest more into crypto currencies, could be wrong but it seems like a logical step.
Wow, I totally didn't make the association...
I totally agree with you on that. Although, in any case where the US economy is threatened, BTC should go up.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Altair - 09-14-2017
(09-14-2017, 06:05 AM)mothered Wrote: Perhaps this may be a good time to Invest?
I'm not Into the share market, but logic has It when there's a substantial drop, It's safer to Invest.
It's definitely good time to investment
And also:
https://www.reddit.com/r/CryptoCurrency/comments/6zszeb/bitcoin_is_a_fraud_eh/
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - mothered - 09-14-2017
(09-14-2017, 08:12 AM)Altair Wrote: It's definitely good time to investment
And also:
https://www.reddit.com/r/CryptoCurrency/comments/6zszeb/bitcoin_is_a_fraud_eh/
If only we Invested a large portion when Bitcoin was In It's Infancy, we'd be pretty much financially set.
Very Interesting link you've shared. Here's some more news that's flooding the net: https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers
Who knows what else Bitcoin Is up to behind closed doors.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Infinity - 09-25-2017
The future is here, humans. Keep investing, they want all the noobs to panic sell.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - Defeat - 09-25-2017
(09-14-2017, 07:00 AM)Ecks Wrote: Well I personally think that since Equifax got hacked, more Americans will begin to invest more into crypto currencies, could be wrong but it seems like a logical step.
Canadians as well I believe, we'll see.
RE: Bitcoin Down: China may ban cryptocurrency trading, they already banned OTC trading. - al68 - 09-25-2017
I don't see the logic between Equifax and BTC investment, but maybe I'm wrong...Indeed is a good time to invest, but I'm a coward, as usual, and I'll just watch the show from outside the game....