I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
There is no question! Yes they did.
It was well planned and it worked.
Topic: China & $10K Bitcoin (Read 1296 times)
There is no question! Yes they did.
It was well planned and it worked.
It could be possible that the Chinese people are behind the recent volatility in market. They have a huge population in their country and the volume from their trades are affecting the rise and fall of bitcoin's price. But, it does not mean that they can control the market. Bitcoin is across all countries and there are those big companies who are investing in bitcoin discreetly. Most Chinese are business minded and they have a belief that even though the profit is small, in the end, it's still a profit.
IMO. That is the thing about the rich people. They have the financial power to manipulate the market especially in crypto. I remember during the period when there are so many fuds and bad news from China, these people can even make the news reporter come out with fake news.
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
This is not a proof that china is in profit or not. But one thing is for sure, whoever is the person /groups behind the price drop is the one who always buy at lower price and then manipulates the market and pump it again for his own benefit. JP morgan did the same and got a lot of money and so are other big investors. Small investors and traders never know who is behind the pump and dump of bitcoin.
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
Yeah that price dropped is when china government banned bitcoin in their country and announce it worldwide, this made me think that it will be held to a series of dropped. but now bitcoin is unpredictable in terms of value hopefully it will last long.
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
That's a good assumption. We know that china is a big player in the cryptocurrency market and during that time, many people though that china pulling out on exchanges would cripple it hence the panic. We may possibly have been toyed there by c
The chinese and they're probably enjoying this btc rise more than any of us
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
this is just some conspiracy theory that you have.
in fact from what I have seen China has never been behind any of the drops. the FUD containing the word "China" was the reason though but that doesn't mean the Chinese or their government is responsible!
everyone loves FUD, when we know we can make about 30% profit in just a couple of days because there are weak hands in the market that can be shaken out easily with the lie about some "boogieman" figure that is out trying to kill bitcoin!
That's a really hard question. My opinion - no they didn't, that's not such a big amount of money for China
My oppinion is that bitcoin market cap is too big to allow its prize to be manipulated by single player.
China banned bitcoins and Chinese investors are focusing heavily on bitcoin and large sharks
You yourself said China was the reason behind the drop. Many of the Chinese investors sold their BTC and left the battlefield. The price was dumped since the investors kept on selling. They would not have tripled their money but had regretted of selling their coins at such prices. Bitcoin has reached $10,000 and the holders are pretty happy on seeing BTC achieve the target quite sooner then expected. China will still be regretting their decision of making that dump.
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
I am not sure with this but the chinese government has the possibility to did this and they are watching until now. but now, I think not just china that want to make a big money but the other country wants too and they have their chance. and if the price still increases, then many people will make a lot of money and the government will have their own money too. but I don't think that the ban from china will give effect for bitcoin price especially now, many people from other country know that bitcoin will increase more.
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
No. bitcoin is not owned or controlled by any government or corporation. Bitcoin is peer to peer and fully decentralized. Bitcoin value tripled because CME announced introducing bitcoin trading on their platform this December. 
I don't think so, China has nothing to do with pricing of bitcoin it was just that timing when China declares bitcoin ban while the value is dropping. The reason behind bitcoin pump and dump is simply because that is the nature of bitcoin it keeps fluctuating especially now the the demand keeps increasing. There's more pump and dump to be expected in the coming years and no country will be held liable for that.
An interesting hypothesis. Following this logic, we can assume that when bitcoin will cost $ 10,000, we should expect a very strong fall.
Maybe even below $ 1,000.
Maybe even below $ 1,000.
I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
absolutely they did, they always want to earn and no other way to lose, so they ganna make some tricks to make them more profits. whales always can do what they want, they can manipulate even this crypto (bitcoin), china is one of the big investors and miners all over the globe so they can role some things in their own hand.
I don't think any connection between price bump and China ban,the price of bitcoin is increasing due to many people started to trust the bitcoin so they will make huge profits in the future by investing now.
We knows that bitcoin price is increase when the demand increase so the price increasing because of more investors.At the time of China banned bitcoin huge price fall occured because China is the most populated country in the world so many investors are from china so it affects the price when china ban bitcoin.
After that more people from other countries started to invest on bitcoin so the price of bitcoin increased.So no relation between china ban and bitcoin rise in my view.
We knows that bitcoin price is increase when the demand increase so the price increasing because of more investors.At the time of China banned bitcoin huge price fall occured because China is the most populated country in the world so many investors are from china so it affects the price when china ban bitcoin.
After that more people from other countries started to invest on bitcoin so the price of bitcoin increased.So no relation between china ban and bitcoin rise in my view.
An individual or an organization can not make a bitcoin. There are a lot of big men involved. bitcoin prices are increasing. That is a good signal for us
China is pretty hostile to bitcoin, its not something they can control and competes with their Yuan
I do not think only China. All of the whales have come in and made the price. But the bitcoin value increases with our beliefs. that made me happy ^^
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