Anyone know whats up with BTC China?

[OrangeCounty]

I read in BBC that bitcoin took a huge hit in China and the price of BTC has slid a good amount- what does that mean for us? Is it enough to invest in them over the next couple days?? Could be a great investment

 

[ShipTheFlip]

I say yes. I bought a bunch @ $775/coin and now we wait

 

[OrangeCounty]

I say yes. I bought a bunch @ $775/coin and now we wait

Yeah dude.... This could be a really good opportunity but I've seen it dip way further before, I only want to buy in if its going to be a pretty decent gain with only a few k invested

 

[ShipTheFlip]

Yeah dude.... This could be a really good opportunity but I've seen it dip way further before, I only want to buy in if its going to be a pretty decent gain with only a few k invested

Ehh, it's dipped further but not really much lower than $775 recently. And it's jumped $50 today. I only put $2k into it, moreso for fun than profit. But we'll see what happens.

 

[OrangeCounty]

Ehh, it's dipped further but not really much lower than $775 recently. And it's jumped $50 today. I only put $2k into it, moreso for fun than profit. But we'll see what happens.

Yeah not recently, but when they took down silk road it dropped pretty damn hard if I'm remembering accurately. I think if they took down Alpha, or SR2, something like that could happen again. OR the time that huge BTC agency got robbed for like $500m

 

[ShipTheFlip]

Yeah not recently, but when they took down silk road it dropped pretty damn hard if I'm remembering accurately. I think if they took down Alpha, or SR2, something like that could happen again. OR the time that huge BTC agency got robbed for like $500m

BTC was almost exclusively used on DNM's back then. That's a bit of an exaggeration of course, but the vast majority of it was being used to buy/sell drugs online. It's evolved so much at this point, and there are so many options for DNM's, that I don't see it ever crashing that hard again. I could be completely wrong and this is just my opinion, so don't act on my words haha

 

[Smiveras]

the china dollar increased that's what caused btc to drop 300$

 

[LooneyToon]

So jealous of @Wintastical for buying @ $775/bitcoin, I bought alot at $1000 (FML) but I don't see bitcoin going anywhere any time soon. It's been around for nearly a decade (?) now and has proven itself relevant and useful in the world.

Bitcoin has enabled the world to do business with each other without the permission of any government or authority. I think there will be time when bitcoin never goes below $1000 again, and many will feel foolish for not investing.

 

I think Btc is good investing, at these days i make some profit.