Little to do with Dimon. Dimon has been trashing bitcoin for years. It is this - - >
https://cointelegraph.com/news/breaking-all-chinese-bitcoin-exchanges-must-close-by-september-30
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Bitcoin crashing
- Thread starter Blakeyy
- Start date
Little to do with Dimon. Dimon has been trashing bitcoin for years. It is this - - >
https://cointelegraph.com/news/breaking-all-chinese-bitcoin-exchanges-must-close-by-september-30
W
what do you think is best to do hold out or get rid of it I had £270 in there for my cycle and wanted to buy it in now but it's now only worth £160 dunno if I should just buy what I can now quickly or wait but scared incase I wait and I end up with even less Argghh
Yep just hot air from Dimon. But still with the closure of exchanges in China it is a bad omen.
TSud
Member
If it was me i would hold what i have and invest more. This isn't the first stumble bitcoin has had, and it want be there last but they have always rebounded higher then before. Now, my advice to you: sell! Sell right now! You clearly dont have the stomach for this kind of investing, which is ok, not everbody does. So sell know so your stess and anxiety levels will go down.
Cash43
New Member
With it being low, wouldn't now be the time to buy?
In the short-term, the price will probably continue to drop with each additional Chinese bitcoin exchange that discontinues domestic trading operations. Who knows where the floor will be.
If you are patient it will probably recover and continue to appreciate in value. It all depends on whether you are thinking in terms of days and weeks OR years
Short term being the next minute after your post? 
Up 3 hundred since then.
Up 3 hundred since then.
Not saying this is recovery, but even the crash was not this sudden. Buying frenzy imminent imo.
TSud
Member
In my opinion, yes, now is a good time to buy. But please, DO NOT invest money you can't afford to lose. I think its a good risk but its still a risk.
TSud
Member
Id love for you to link the rxp info and possibly even start a thread on it, though i dont know if im in the minority on that. Either way, is there anyway you could pm me? Id like to discuss some questions with you.
Short term being the next minute after your post?
Up 3 hundred since then.
https://cointelegraph.com/news/bitcoin-price-bounces-back-400-in-minutes-as-china-gives-huobi-okcoin-extra-month
This is cat and mouse playing.
The inexperienced investors are scared away and lots of cheap coins are dumped.
Cash43
New Member
Agreed.... I toss extra money in from time to time. Normally I put in a little over my order then whatever is left I leave in, do that a few times had a few hundred in
JC456
New Member
I think with investments like this unless you REALLY know what you're doing, let go of the idea that you're going to turn a quick buck weekly or even monthly. These are typically long term investments, because most large companies will trend upwards over time.
It's a misunderstanding of how these work which lead people to think they can buy low and sell high like the movies. Trust me there are much more committed and intelligent people doing this far better than you have time for.
It's a misunderstanding of how these work which lead people to think they can buy low and sell high like the movies. Trust me there are much more committed and intelligent people doing this far better than you have time for.
TSud
Member
How familiar are you with a couple of the other popular coins, Ethereum and Litecoin and what are your thoughts on them?
Unfortunately both Dimon and McAfee have large financial stakes in their respective positions so their opinions should each be taken with that in mind.
An expanding crypto currency market over a long period of time will undoubtedly cut into the big banks profits thus Dimom, head of JP Morgan, obviosuly has a vested interest in that not happening.
McAfee now heads a micro cap company which was delisted from the NYSE last year I believe, which was focused on cyber security but has recently shifted largely to bitcoin mining.
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