Topic: China is playing us - page 3. (Read 4267 times)

Bitcoin price trading below 3000 in chinese exchanges. Are we gonna see the same in other exchanges too?

They want control and a large piece of the money-pie, that's all

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.

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.

Chinese government started to ban all ICOs. Caused the price to dip. They again trying to ban all local exchanges and investors are now trying to exit buy selling all their coins thus the price falling down.
We need to wait for a while until everything calms down.

You are saying that you are buying and chinese are selling because you pumped price?
Then you should sell and wait for chinese to drive up the price.

The crypto world this type of news may shake, but never break he can't . After a short time will rise.

This correction is a great buying opportunity. BTC, ETH and many other top coins,
all are as  deeply oversold as the Late July major bottom with RSI touching 30.
Bottom should be very close.

Smart thing will be to figure out how chinese people are going to move their money from exchanges. I dont believe they are going to cash out and say "well it was good run but now we going to abandon 100 billion market and go back assembling iphones and plastic toys". All their assets are going to reappear somewhere.  Regulation will stabilize market, but nothing can really stop it.Except may be from AI that will awake and say "I have better idea"

I was expecting crash for the fall, i think it was even foretold by Goldman Sachs. They are pretty accurate with their forecasts:

I was thinking 2.7 as well cause there's decent support

buy in on the dip. times will get better again.. after the panic

Good times for us to dip though, I wonder how long would this price drop, perhaps the 2.7k - period where China are not seriously involved.

I think it's a good thing for those who were waiting for a downstreak to start buying cryptos, like me. It's a decentralized market, so even if China want to try to regulate it, they would only be able to do it on their soil, so it's just a bad thing for china people (like with a lot of China's government decisions).

When you sleep (North America) is when China sell Bitcoin and that makes the Bitcoin dump strong, after efforts to push btc prices up by everyone. It seems that China knows the FUD information before and plays us all ( not only in North America alone). I guess they want to try to make the btc value as low as possible so they can buy cheap btc. That's bad! Hold your position. China can not manipulate the entire world market.

You say the very right thing, china people are too much in this world, and I know how they aim, the things they do are very predictable, but some people panic with this issue, I advise not to sell your coins, crypto it casual

Haha :p what do you think is gonna happen? The reason I said what I said is because the market is clearly bearish right now. It's supposed to drop a little more. Second, NEO is forming a flag with support at 15$ (give or take a few $$). Also, China is still cracking down on ICO's, which usually had NEO as its funding currency. Still, the overall interest in crypto seems to be growing, with everyday working class people considering investing a few hundred bucks. This will only grow whereas China can only regulate things in their own country. Eventually, the market will start to pick up a bit, taking neo with it, up to 25-30$. At this point (probably Q1 of 2018), China will have regulations in place surrounding cryptos, so the market will see a rise again, bringing neo back to 40-50$. At this point a lot of investors are gonna cash out, bringing the price back to 30-40$. We'll see some more ICO's happening, including some regulated in China, and some listings on big exchanges like coinbase, poloniex, ... bringing the price up to 100$, where a lot of people will be cashing out again. At some point in time sooner than later, Neo will be working with a big company, because neo is faster, more versatile and more secure than ethereum. This will boost prices up really quickly.

and finally i woke up

drop back to 15, china gets it shit together whilst general interest grows, value goes back up to around 25-30 within 2 months, positive news from china brings the value back to the high 40's, small retraction to 30's, ico's are legal again in china, coin goes to triple digits but drops back to 80. More and more interest and a collaboration between neo and a massive enterprise like microsoft or alibaba catapults it to 150$. In 5 - 10 years neo will be 500$/coin and a market cap of 50 billion

i think this adds fuel to the fire.

without any prior communication from chinese regulators it is unnecessary to meet them. we ll find out tomorrow