China & $10K Bitcoin - page 3. | Bitcointalksearch.org

miyaka26

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Quote from: ScammerExposer on November 27, 2017, 02:36:25 AM

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?

The ban did little effects on bitcoin but it did not last that long, bounces back immediately then prepares to launch the rocket to fly, but the possible reality is that the Chinese gov't and some big miners/investor have their money tripled or in the other way is that they have no connection to bitcoin at all these present times as the ban still active in the China.

Quote from: vxioqvln on November 27, 2017, 02:56:30 AM

To be sure, the Chinese government will not sucker. They want to exclude bitcoin, because bitcoin is centralized. Cannot control
I think the biggest beneficiaries of this matter are the early miners.

It is decentralized not Centralized, bitcoin has No central authority unlike banking systems with the Government and greedy businessman behind it, the blockchain is one of the reasons why it is decentralized, benefits of this burst is not just about the early miners but the Bitcoin enthusiast and the supporters who continue to hold their coin.

farhan28

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Very funny matter...China never trust bitcoin & they banned bitcoin... After banning by China,everybody thought that the future of bitcoin is gone...But now without China,Bitcoin already reach near 10000$..I think now,China people are regretting to see the price.. Grin

stompix

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Quote from: ScammerExposer on November 27, 2017, 02:36:25 AM

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 beyond stupid.
So they dumped their coins, cut of all exchanges and then they watched as bitcoin went up to 10k , with no coins in their pockets and WE are the suckers?

What kind of twisted logic did you use to make this assumption?

Quote from: Voice-Of-Reason on November 27, 2017, 05:30:31 AM

it is a valid point, since they didn't ban mining, or hardware manufacturing related to cryptos, could the chinese have trolled everyone Huh

How did they trolled anybody? How? Huh

Quote from: Palmholder on November 27, 2017, 03:02:17 AM

Sure. Master of the game always wins. China is the biggest miner in the world and it also bigest hardware manufacturer, they can do whatever they want go get profit. Who feeds a girl dances with her

Irrelevant. They just mine coins and sell them on the market.
There is no usage in China, there are no longer any exchanges (with a lot of fake volume), and most important , there was never real life usage in China.

End of the story!!! China is no longer relevant for cryptos.

SONG GEET

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I dont think there is still effect from chinese traders in the market as they cant trade cryotocurrencies for their local fiat. So they cant manipulate the market like they used to before. However i also dont think current surge will be stable.

gabmen

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Quote from: ScammerExposer on November 27, 2017, 02:36:25 AM

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?

Funny but that is a likely possibility. Imagine those chicky eyed millionnaires chuckling while the market went crazy when they banned exchanges with the intent of buying cheap. Great strategy however annoying it was.

Opquar

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Nah. I do not think the Chinese government bought the dip. Instead, the Japanese and Americans took up the slack. They did not ban exchanges because they have a vendetta against bitcoin. Their economy has cracks in it and they were desperate to plug them.

Lucius

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Quote from: ScammerExposer on November 27, 2017, 02:36:25 AM

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?

What does China have to do with the increase in prices of BTC since they stop all trading and shut down all exchanges few months ago?Even if they shut down all mining operation and introduce the death penalty for the use of BTC,it certainly would not end cryptocurrency.And you had the opportunity to triple your money only if you have some BTC in your wallet and do nothing.

Quote from: wndrbr3d on November 27, 2017, 02:51:33 AM

I Think we will see a deep correction after mark of 10k$ usd, Whales need to fix their income. Do you know anybody from BIG whale investors who invested more than 100k$ in crypto? They think it`s not reliable investments.

100k$ is nothing,big players invest millions few years ago in BTC,just check Tim Draper who invest 18 million $ back in 2014 and predict 10k$ price in next 3 years.There are many smart investors who made fortune on BTC,they do it also today.For ordinary people 10k$ for BTC is expensive investments,but for those who have millions or billions $ it's actually pretty cheap.

megynacuna

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Quote from: Voice-Of-Reason on November 27, 2017, 05:30:31 AM

it is a valid point, since they didn't ban mining, or hardware manufacturing related to cryptos, could the chinese have trolled everyone Huh

They are powerless and their threats and ban on exchanges have been reduced to nothing. I don't think any government will be able to successfully ban bitcoin without shutting the internet and so i don't think they could have trolled anyone.

BitNoLimit

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great point dude

Voice-Of-Reason

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it is a valid point, since they didn't ban mining, or hardware manufacturing related to cryptos, could the chinese have trolled everyone Huh

googs84

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News of China`s ban/regulate was a shock for bitcoin community. China was the biggest trader and bitcoin minor of bicoin currency. I think China was the biggest revenue generator of bitcoin currency. Due to cheap electricity and low labour cost bitcoin mining was in full swing. China is a communist country, so it is hard for the government to control or supervise such a decentralise currency. So by giving security reason they banned bitcoin transactions. This news panicked bitcoin market, resulting in sharp 20% fall in bitcoin price. But it was a temporary setback. Bitcoin community showed faint/trust in bitcoin. Because of this bitcoin today crossed $9700 mark.

rjbtc2017

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It's NOT only China alone, remember Dimon also joining the piling FUD of the people in whole world during that time everybody cash out their money. It is possible that China strategically do this but we cannot say the truth here, we don't know any Chinese person who can expose them but the only fact here is that some of them have their own bitcoin and the one of the big Mining equipment is in China, so possible that a lot of Bitcoin holders are there, the possibilities of Bitcoins dump on price can happen when these Chinese Bitcoin Holders sell their Bitcoins. Great Manipulation, but we do not have concrete evidence so it will still remain a speculation.

endlasuresh

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I see you had interesting point, but we are only members here and no one pay attention to our words. China may thought if they ban or kick to Bitcoin then the price will fall, but Bitcoin had proved by becoming triple of $3500.

I think many chineese might began disliking to their Government because these price of Bitcoin and Altcoins increase.

hugeblack

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for first-time bitcoin increase more than 1,000$ in less than 1 day and keep increase (from 8,000$ 2017-11-24 to 9,700$ or 10,000$ 2017-11-27) which make it in a nonlinear increase for bitcoin price (maybe pumped increase).

anyway, always price correction so may have a huge crash before the end of 2017.

also must check bch which start at 2017-8 and now maybe reach 2000$.

tippytoes

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We can't tell exactly what really happened from their side. But, they influenced the price of bitcoin. For all the bitcoin holders, just be very careful on how you manage your coins. Sometimes, panic selling is the last resort when bitcoin price starts to go down and now look at the price, such overwhelming price of btc!

bitminerox0621

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is this the next level plot by the Chinese governmen?? Huh

Raffielo

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Quote from: wndrbr3d on November 27, 2017, 02:51:33 AM

I Think we will see a deep correction after mark of 10k$ usd,

I think it’ll hard fork after $10k. Also, others are attempting at propping up NEO, so it can better compete against BTC. I think the BTC rush is mainly Wall Street off shoots preparing to get into the market next year. One announcement has already been made publicly about CME wanting options trading & planning starting negotiations Dec 11.

Palmholder

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Quote from: bakerlisa510 on November 27, 2017, 02:52:56 AM

Quote from: ScammerExposer on November 27, 2017, 02:36:25 AM

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.

Sure. Master of the game always wins. China is the biggest miner in the world and it also bigest hardware manufacturer, they can do whatever they want go get profit. Who feeds a girl dances with her

thesavoyard

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I always suspected China was manipulating Bitcoin. With the recent hostile stance towards it though I have more doubts. I think the general feeling is that the Chinese government doesn't understand the technology. I think this is genuine mass-adoption. Digital currencies are gaining steam, I teach English on the side and all of my students are interested in Bitcoin.

vxioqvln

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To be sure, the Chinese government will not sucker. They want to exclude bitcoin, because bitcoin is centralized. Cannot control
I think the biggest beneficiaries of this matter are the early miners.

Topic: China & $10K Bitcoin - page 3. (Read 1296 times)