Topic: China Has a Trick up Its Sleeve - page 2. (Read 1249 times)
Thanks for sharing. Very interesting read. Gives me a lot of confidence about the future of bit and litecoins. Hope to read more in the future.
China Has a Trick up Its Sleeve
I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.
https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/
and the chinese love Litecoin too
I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.
https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/
and the chinese love Litecoin too
Ok thanks for this article very interesting.
What do you think about Euro / US dollar next year??
soo soooo buy litecoin?
i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come
Yes there was a Litecoin ponzi scheme in 2015.
I remember price shot up to $8 I believe and then got dumped.
There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum.
Here an article I've found.
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/
Quote
It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.
This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!
The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.
This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!
The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.
soo soooo buy litecoin?
i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thing for bitcoin when the halving come
If I got the article right, the writer wants to tell us that Bitcoin is performing better when China's economy is doing worse.
Excellent article which should certainly be read to understand why China plays such an important role for Bitcoin recently.Article in The People’s Daily – the official newspaper of the Chinese Communist Party clearly shows that they have a positive opinion about Bitcoin.
China Has a Trick up Its Sleeve
I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.
https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/
and the chinese love Litecoin too
I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.
https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/
and the chinese love Litecoin too
soo soooo buy litecoin?
China Has a Trick up Its Sleeve
I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.
https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/
and the chinese love Litecoin too
I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.
https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/
and the chinese love Litecoin too
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