China closes exchange on Sat., so you will see selling-pressure in Bitcoin over the next few days as Chinese sell to exit before the exchange closes.

in #bitcoin7 years ago (edited)

Then, all other exchanges in China close by the end of Oct. and all crypto-trading is banned in China on Nov.1 onward. This weeks pump up in Bitcoin's price was expected as one of China's last pumps to dump.

Get out before the Chinese do and after Nov.1, the largest buying-block of cryptos (the Chinese) will be removed from the crypto market, which will negatively affect Bitcoin's price thereafter and drag down Altcoins with it.

Don't load the boat on any crypto until after Nov.1 when all the China selling pressure in cryptos are over, as you will highly likely be able to buy any crypto at a lower price on or before the end of Oct. due to the China factor.

Good luck if you gamble in cryptos.

China's Gov't is the grim reaper concerning Bitcoin and cryptos.

endtimenews

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