{ "media_type": "text", "post_content": "Strange we're seeing btc drop this much. You would think there would be bigger news than what has come out over the past week. Makes me think it's too easy for someone with influence to control the price. I've lost too much to sell at this point not even considering it", "post_id": "59bac9609e99000017246b3b", "reply_count": 10, "vote_count": 3, "bowl_id": "58f9471ab298570010451a0a", "bowl_name": "Everything crypto", "feed_type": "bowl" }

Strange we're seeing btc drop this much. You would think there would be bigger news than what has come out over the past week. Makes me think it's too easy for someone with influence to control the price. I've lost too much to sell at this point not even considering it

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Yeah. Stay put. Bitcoin is likely going to close the day around $3,800. Watch me eat my words... But that's my expectation. If the rumor mill is true and China is actually about to "clarify" their position and state crypto exchanges will be owned and operated by the Pbc then shit is about to get real real fast

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What if they do clarify their position? Why does it matter in the long run?

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Why wouldn't you buy. Think Long term

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That's the biggest driver for today, I think.

Getttin real, real fast is the rest of the major Chinese exchanges formally going offline on the 30th or regulation incoming and now managed by PBC and money flowing back in?

If OKcoin and Huobi also stop trading we will see BTC at 3k?

I mean of a formal bank in China takes over exchanges, the stability if that will drive tons of people to pump money into exchanges and the knowledgeable traders like us will look to 0x and Bitshares and other decentralized exchanges and continue trading

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^ figure this is relevant here. Long term I think all of this is a net positive. Uncertainty = the biggest killer of markets so we are seeing some blood because of it. Once there's certainty things can definitely pick back up

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🔮Sell everything you bag holders🔮

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Any specific reason for this drop or just another day in crypto world?

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