China Has Something to Do with Bitcoin's Price Increase After All - page 5.

Kyraishi

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Quote from: cryptozink on October 27, 2019, 10:06:08 PM

China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

Damn, that's something new. I thought the biggest reason was due to it being praised by the chinese president and then making a huge annoucment they they would be entering the crypto-currency market, this puts a different spin on things.

I definetly would say that the broadcast showcased that China was fully accepting of Bitcoin and it's likely the government coordinated it like so, and a lot of investers that were only stopped due to China's restrictions if it where finally able to dump funds in the crypto-currency.

They've made a huge impact, the recent price pumps tells us China means buisness.

Doell

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all related to the increase in bitcoin not just china but some countries have contributed to the rise in bitcoin ,although everything is directed to china but we must realize that the whole world is enlivening demand and supply so let's be more united in growing the value of bitcoin

cryptozink

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Read about China's president Xi Jinping announcement yesterday. https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/. I originally wrote that his announcement had nothing to do with the sudden price pump, but I have taken that back.....it has everything to do with it.

Quote from: Oasisman on October 27, 2019, 10:55:45 PM

It's always gonna be better if there's a link provided to validate this claim about China's involvement in the recent price pump. If this news is true, I still dont see any relevance from this news to the price. Not unless, Chinese government will remove the restrictions and bans against bitcoin and other Cryptocurrency, including exchanges. That way people could easily accumulate Bitcoin without being bothered against the authorities, thus, this will surely will make a positive impact in the market due to massive buy out.

cryptozink

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No one speaks of facts when it comes to crypto or BTC. It's all opinions and speculations; for now.

Quote from: Mandoy on October 27, 2019, 10:25:07 PM

Quote from: cryptozink on October 27, 2019, 10:06:08 PM

China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

There is something fishy how the bitcoin market goes on. I guess the reason why bitcoin market fluctuated weeks ago is in preparation of China's declaration on blockchain technology. Remember they are the biggest miner of bitcoin and thus China has the ability to influence the market greatly. After the announcement of China the market recovered suddenly in big volume. I think its all a propaganda. They are behind the market fall and also the price recovery. I think its a strategy to show the world that their actions have huge impact to the world of cryptocurrency.

I have no evidence on my claims since this is just an idea I came up when I tried to analyze some data. I dont speak of facts but of probability. But I do hope that I am wrong on these.

cryptozink

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Zuck getting grilled in Washington was the reason for the crash. China, manipulations/shorts are responsible for the sudden price jump.

Quote from: Darker45 on October 27, 2019, 10:47:09 PM

Quote from: cryptozink on October 27, 2019, 10:06:08 PM

China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

China has something to do with Bitcoin's price increase. No one denies that. But, to be clear, the recent Bitcoin price increase is not solely about China. China was not everything to what happened. I don't like hearing statements saying China is the one that caused the pump, China is the reason why Bitcoin's price increased, China caused the massive dump, China is the one that controls the fate of Bitcoin because the largest mining farm is in China, etc. What do all these imply, that China is lording over Bitcoin? Or Bitcoin is in China's hands? I don't share this.

Oasisman

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Activity: 2814

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It's always gonna be better if there's a link provided to validate this claim about China's involvement in the recent price pump. If this news is true, I still dont see any relevance from this news to the price. Not unless, Chinese government will remove the restrictions and bans against bitcoin and other Cryptocurrency, including exchanges. That way people could easily accumulate Bitcoin without being bothered against the authorities, thus, this will surely will make a positive impact in the market due to massive buy out.

Darker45

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Activity: 2576

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Quote from: cryptozink on October 27, 2019, 10:06:08 PM

China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

China has something to do with Bitcoin's price increase. No one denies that. But, to be clear, the recent Bitcoin price increase is not solely about China. China was not everything to what happened. I don't like hearing statements saying China is the one that caused the pump, China is the reason why Bitcoin's price increased, China caused the massive dump, China is the one that controls the fate of Bitcoin because the largest mining farm is in China, etc. What do all these imply, that China is lording over Bitcoin? Or Bitcoin is in China's hands? I don't share this.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: cryptozink on October 27, 2019, 10:06:08 PM

China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

There is something fishy how the bitcoin market goes on. I guess the reason why bitcoin market fluctuated weeks ago is in preparation of China's declaration on blockchain technology. Remember they are the biggest miner of bitcoin and thus China has the ability to influence the market greatly. After the announcement of China the market recovered suddenly in big volume. I think its all a propaganda. They are behind the market fall and also the price recovery. I think its a strategy to show the world that their actions have huge impact to the world of cryptocurrency.

I have no evidence on my claims since this is just an idea I came up when I tried to analyze some data. I dont speak of facts but of probability. But I do hope that I am wrong on these.

cryptozink

jr. member

Activity: 102

Merit: 7

China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

Topic: China Has Something to Do with Bitcoin's Price Increase After All - page 5. (Read 788 times)