Topic: China is playing us - page 2. (Read 4294 times)
In the past China has banned Facebook, Google and Youtube. Would you have sold in panic if you had stocks in these ? Same scenario here.
Literally every day for the last two weeks since China/Asia started FUD'ing cryptos (again) we've seen the same shit. We north Americans pump it up during the day and they dump when they wake up and we're going to bed. It keeps happening. They release FUD news, everyone dumps, market calms for a few hours, north Americans drive the prices back up by buying at "cheap discount prices" then they wake up and sell. There's a bunch of dummies here who keep losing and they keep raking it in. Does no one else see this? They're constantly selling after we're buying.
It stops now. China won't be manipulating anything anymore, this is good news
China manupulate all markets.i think this all thing is some of rich chinese peoples decision.Dont panic,make your moves wisely
china will lose this game because crypto can not be regulated. this is actually what makes crypto
China enjoys the power, and the nature of the rulers is to subdue its subordinates, so it is only natural that china will play us
Because chinese government hates BTC and Cryptocurrency, its the one thing they ultimately can't fully control. Person in authority is feudal way of thinking.
Exactly, they haven't figured out a way to get the most out of this market so their best plan is to try and shut it down all together
maybe the government thinking that to shut down all market together will solve their problem but i don't think this will stop people from using bitcoin and even people will trying to find another way to still used bitcoin. their government maybe afraid with the crypto currency power and they thinking that in someday crypto currency can fully operate in offline and online world.
Not at all, but they're acting like dictators who feel their power slip away
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Because chinese government hates BTC and Cryptocurrency, its the one thing they ultimately can't fully control. Person in authority is feudal way of thinking.
Exactly, they haven't figured out a way to get the most out of this market so their best plan is to try and shut it down all together
maybe the government thinking that to shut down all market together will solve their problem but i don't think this will stop people from using bitcoin and even people will trying to find another way to still used bitcoin. their government maybe afraid with the crypto currency power and they thinking that in someday crypto currency can fully operate in offline and online world.
Because chinese government hates BTC and Cryptocurrency, its the one thing they ultimately can't fully control. Person in authority is feudal way of thinking.
Exactly, they haven't figured out a way to get the most out of this market so their best plan is to try and shut it down all together
Because chinese government hates BTC and Cryptocurrency, its the one thing they ultimately can't fully control. Person in authority is feudal way of thinking.
so basicly: Theres a bunch of chinese who keeps losing and americans that keeps on raking it in?
I dont see how this is bad in anyway (if you are an american crypto investor)
I dont see how this is bad in anyway (if you are an american crypto investor)
No it's the other way around. We buy and drive up the price and then when they wake up and see the price is up, they sell. look at the price of bitcoin. It keeps dropping everyday around the same time Chinese get up and start trading.
Someone got money, Someone lost money, no matter Americans or Chinese.
China ban might be a good thing.
Chinese mines about 70-80% of the world's bitcoin(almost the same on other cryptocurrencies),
and they hold them only for speculation.
After Chinese government shut them down, all cryptocurrencies can be distributed to other countries more evenly.
so basicly: Theres a bunch of chinese who keeps losing and americans that keeps on raking it in?
I dont see how this is bad in anyway (if you are an american crypto investor)
I dont see how this is bad in anyway (if you are an american crypto investor)
No it's the other way around. We buy and drive up the price and then when they wake up and see the price is up, they sell. look at the price of bitcoin. It keeps dropping everyday around the same time Chinese get up and start trading.
Someone got money, Someone lost money, no matter Americans or Chinese.
China ban might be a good thing.
Chinese mines about 70-80% of the world's bitcoin(almost the same on other cryptocurrencies),
and they hold them only for speculation.
After Chinese government shut them down, all cryptocurrencies can be distributed to other countries more evenly.
so basicly: Theres a bunch of chinese who keeps losing and americans that keeps on raking it in?
I dont see how this is bad in anyway (if you are an american crypto investor)
I dont see how this is bad in anyway (if you are an american crypto investor)
No it's the other way around. We buy and drive up the price and then when they wake up and see the price is up, they sell. look at the price of bitcoin. It keeps dropping everyday around the same time Chinese get up and start trading.
Someone got money, Someone lost money, no matter Americans or Chinese.
China ban might be a good thing.
Chinese mines about 70-80% of the world's bitcoin(almost the same on other cryptocurrencies),
and they hold them only for speculation.
After Chinese government shut them down, all cryptocurrencies can be distributed to other countries more evenly.
Seems like we need a strategy to move over BTC. Find Alternative market supports which can hold market when BTC is bleeding every day or two!
China is now really playing some kind of its game on lowering the rate of the crypto currency. Perhaps this only coincided in time, because there are really objective reasons for tightening the ICO measures and they are ripe. But what is behind the closing of crypto-exchange exchanges, we'll see in the future.
They want control and a large piece of the money-pie, that's all
I don't see any rise right now but instead I'm seeing a bloody fall and its bit alarming for continously seeing this since seems there's no since of pump I've seen for now and maybe we can experience more dumping by more people around and this is so bad since I don't want to see bitcoins to reach for 1k$ again or even more down.
Add friday factor to it. there will be more bledshed. better to buy USDT?
if things keep on going down till sept 30 which is when the exchange will stop, its going to one heck of crazy bloodbath hahaha
China is now really playing some kind of its game on lowering the rate of the crypto currency. Perhaps this only coincided in time, because there are really objective reasons for tightening the ICO measures and they are ripe. But what is behind the closing of crypto-exchange exchanges, we'll see in the future.
They want control and a large piece of the money-pie, that's all
I don't see any rise right now but instead I'm seeing a bloody fall and its bit alarming for continously seeing this since seems there's no since of pump I've seen for now and maybe we can experience more dumping by more people around and this is so bad since I don't want to see bitcoins to reach for 1k$ again or even more down.
Add friday factor to it. there will be more bledshed. better to buy USDT?
China is now really playing some kind of its game on lowering the rate of the crypto currency. Perhaps this only coincided in time, because there are really objective reasons for tightening the ICO measures and they are ripe. But what is behind the closing of crypto-exchange exchanges, we'll see in the future.
They want control and a large piece of the money-pie, that's all
I don't see any rise right now but instead I'm seeing a bloody fall and its bit alarming for continously seeing this since seems there's no since of pump I've seen for now and maybe we can experience more dumping by more people around and this is so bad since I don't want to see bitcoins to reach for 1k$ again or even more down.
China is trying to control capital flows. That's why the crackdown on BTC exchanges.
For them, it's a logical extension of all the other currency controls that are already
in place.
Frankly, I'm surprised it took them this long. Bitcoin was one of the prime
ways that Chinese could move monies out of the country... pretty much in an
unrestricted way. And largely untraceable.
Capital controls is their main motivation. The effect on the price of BTC is pretty much
unimportant to them.
For them, it's a logical extension of all the other currency controls that are already
in place.
Frankly, I'm surprised it took them this long. Bitcoin was one of the prime
ways that Chinese could move monies out of the country... pretty much in an
unrestricted way. And largely untraceable.
Capital controls is their main motivation. The effect on the price of BTC is pretty much
unimportant to them.
In re this thread's title, I'd say that Jamie Dimon and his ilk are also playing us - Jamie came out on two consecutive days to diss bitcoin causing it to drop, while during the exact same timeframe, the legacy stock markers climbed. What are the odds?
I'm pretty sure that Jamie's daughter is currently in the process of stockpile bitcoins on the cheap.
Even, he is enjoying his profit from Bitcoin now lol I'm pretty sure that Jamie's daughter is currently in the process of stockpile bitcoins on the cheap.
. Just a word by him can makes the price of Bitcoin crashes much, wow I do not think China cannot equal to him. A country just makes the price of Bitcoin drop value ~$200 - $300, but the word by a CEO of bank can drop higher than $1,000 of Bitcoin 
From one side chinese gave us opportunity to invest more on lower ,from other side who knows what will happen next,and will our already bought btc/alt coins be able to recover in nit that far future.A lot of work to do because of them
Bitcoin price trading below 3000 in chinese exchanges. Are we gonna see the same in other exchanges too?
No. Chinese exchange prices are always low
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