Pages:
Author

Topic: After the usual PBOC bullshit routine. Uptrend continues. - page 3. (Read 2287 times)

hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
nothing can stop the uptrend of bitcoin price!
they can slow it down and make it reverse for a short time with a dip but in the end things always come back to normal and price continues rising because there is always a very strong demand for bitcoin.

and also many try so hard to show China bigger than they really are. yes they are big but not even half as big as they are shown to be.
zby
legendary
Activity: 1594
Merit: 1001
China is old news now. nobody cares about them anymore.
there was a time when people still thought the billion dollar daily volume they reported were real, but now we know how fake it was.
there was a time when people still thought all the mining power came from China, but we have been seeing more and more hashrate from other places.

and with all these changes, i don't think there is anybody naive enough to believe FUD like that and make the price go down. it is time for the FUDsters to find better and newer things Cheesy

Chinese exchanges still have the biggest volumes, China is still the biggest BTC market and whatever happens there will have impact on the price. And if the Chinese authorities really ban bitcoin - then the price there will plummet. So far it does not seem like they want to do that - what they did so far is only making the Chinese market a bit more civilized curbing the fake manipulative data, and enforcing other laws. This still have impact on the price, because now there will be less demand for BTC used for illegal activities.

Personally I bet on quick recovery from this - but I would not say people who think otherwise are naive or weak hands - all this derogatory talk is unnecessary and frankly pretty silly.
hero member
Activity: 609
Merit: 500
https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks

China is back with their controlled demolition of the price to short it, but it keeps getting buyed back up fast. Last time we crashed down to $775, now only down to $1009. We still didn't go below $1000, good news. We are back to $1038.

Those damn chinese have found a new way to make free money by trigger panic sells and stealing cheap BTC from dumb panic sellers. Hopefully the PBOC bullshit is weaker everytime.

Chinese miners and traders are so weak, I can't understand what they think, China bans bitcoin so many times, but weak hands are still afraid the bad news. I think most of Chinese miners and traders are only SPECULATORS, they do not TRUST bitcoin and blockchain technology, they hunt for quick money, they don't deserve the future huge gain(5000 usd, 10000 usd), ignore those nervous sheep miners.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
China is old news now. nobody cares about them anymore.
there was a time when people still thought the billion dollar daily volume they reported were real, but now we know how fake it was.
there was a time when people still thought all the mining power came from China, but we have been seeing more and more hashrate from other places.

and with all these changes, i don't think there is anybody naive enough to believe FUD like that and make the price go down. it is time for the FUDsters to find better and newer things Cheesy
legendary
Activity: 1372
Merit: 1252
https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks

China is back with their controlled demolition of the price to short it, but it keeps getting buyed back up fast. Last time we crashed down to $775, now only down to $1009. We still didn't go below $1000, good news. We are back to $1038.

Those damn chinese have found a new way to make free money by trigger panic sells and stealing cheap BTC from dumb panic sellers. Hopefully the PBOC bullshit is weaker everytime.
Pages:
Jump to: