China Wins? | Bitcointalksearch.org

WUUEX79

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Quote from: CurrencyGold on January 17, 2018, 03:44:57 PM

1. China shuts down Bitcoin? Huh

2. Bitcoin Drops. Shocked

3. China Buys cheaper Bitcoins. Wink

4. Bitcoin soars. Shocked

That is their "trading politics". They are able to monopolize world trade including cryptocurrency. In the crypto market alone, they almost dominate 67% of the market. So, with a single hit "bitcoin and hundreds of altcoin" into a sea of red.
China is destructive, China also builds.

mevmike

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Quote from: CurrencyGold on January 17, 2018, 03:44:57 PM

1. China shuts down Bitcoin? Huh

2. Bitcoin Drops. Shocked

3. China Buys cheaper Bitcoins. Wink

4. Bitcoin soars. Shocked

i guess it isn't just purely Chinese citizen's that caused the hue deep we had experienced for the past days.
and i also believe that there isn't that much of Chinese investors to cause all of what happened.
there are whales who have surely participated in the events that happened.

Harlot

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I doubt that China is the only one who benefited the drop. I mean a lot of traders have bought Bitcoin at this recent drop. Also thinking of it there is nothing new about the situation in China that can make an effect to Bitcoin because it has been in conflict with the Chinese government ever since 2016 and that all the drops are being related to China. But it is still as usual as we are being buried by bad news this recent few weeks leading to this cryptocurrency market drop. Keep HODLING as it will pay off.

Kotone

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Quote from: CurrencyGold on January 17, 2018, 03:44:57 PM

1. China shuts down Bitcoin? Huh

2. Bitcoin Drops. Shocked

3. China Buys cheaper Bitcoins. Wink

4. Bitcoin soars. Shocked

For me I think the masterplan was simple they shut down bitcoin on their borders effectively nullyfying the effect this cryptocurrency had and would ever have on its domain. THEy create a cruptocurrency or invest in a cryptocurrency that has their name or an influence of them and then they profit as a whole and have much better earnings that what they might have otherwise on bitcoin

Capitan_Verif

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Quote from: Renal on January 17, 2018, 09:22:24 PM

In other words, Chinese residents can still make transactions using bitcoin. Because it is not forbidden individuals, but financial firms may not go down with bitcoins.

That's right. I have a lot of friends in China and they all say the same thing.

Inn0vative1

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I think this is a clear case of market manipulation. China is still one of the largest cryptocurrency markets, even with their "Bitcoin ban". Every time negative news comes out of China, price takes a beating. Guess who's buying at the lower prices? You guessed right...

8270thNinja

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busy in real life, long post gap is understandable

What a great way to analyze the current situation. It is not china alone but also the Bitcoin hodlers who ahve a weak hands, you should also try to consider it, manipulation is not only done by China but also the mainstream media who fuels it to strengthen the FUD of Bitcoin hodlers which pushes them to sell their Bitcoins.

MGmahesh

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I think that's part of the china's strategy of balancing bitcoin, there could be an intention to be able to compete or control it. they are very ingenious and adept at mastering the world economy, I think it will not be long china will surprise the market, about bitcoin and crypto over previous statements.

GalaxyWorld

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Quote from: Suharti12 on January 17, 2018, 06:01:05 PM

That's right, china often does that to play around the market price in search of more profit, I suggest even if bitcoin price plummet we better hold or we better buy it only in cheap price, do not we sell cheap let us not lose.

It is a pity to admit that the crypto market is dominated by China. Chinese speculators are keeping large amounts of bitcoin and potential altcoin, so they can control the market as they wish. Pump and dump activities are mostly from China. You can win if you follow their trend and vice versa you will fail big.

Renal

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In other words, Chinese residents can still make transactions using bitcoin. Because it is not forbidden individuals, but financial firms may not go down with bitcoins.

Fundamentals Of

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Quote from: CurrencyGold on January 17, 2018, 03:44:57 PM

1. China shuts down Bitcoin? Huh

2. Bitcoin Drops. Shocked

3. China Buys cheaper Bitcoins. Wink

4. Bitcoin soars. Shocked

Why is this china issue still going on until today? Actually, the crypto market in china is really huge that if the government is implementing something that will affect this market, it will not be just a little dent that it will cause to the movements of Bitcoin's value. It is going to be huge. And this is unfortunate to be honest. Because as we all know this country seems to be liking the feeling of controlling everything not just the state of affairs in their country but also with the rest of the world.

YoungMaster

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MYCRYPTOBANK.IO

This is the same as in the previous years.
Every news given by china always impacts to every crypto prices.

Do not be panic, Just Hodl.
And one more thing. Let me suggest you to buy while the price is in the DIP.

ntodntodan69

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China's trade strategy is undoubtedly undeclared, although it may be in a way that is difficult for us to understand I am convinced their current attitudes are to gain profit

dimastegar

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Small Trader

Quote from: Cryptoshops on January 17, 2018, 05:13:00 PM

Its not just China its also Brazil, India and S Korea

Yes, not just China. Surely there are other countries that do the same with China. And they are good at finding opportunities in the world of cryptocurrency.

filharvey

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China's decision is highly doubtful regarding bitcoin.Actually,till now,they have not taken any solid decision regarding bitcoin.

Suharti12

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That's right, china often does that to play around the market price in search of more profit, I suggest even if bitcoin price plummet we better hold or we better buy it only in cheap price, do not we sell cheap let us not lose.

Washball

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First crypto index traded as a token!

This is just another conspiracy theory, these Asian countries trying to get a grip on cryptocurrencies in order to make money. It's not only China and Korea announcing bans on cryptocurrency, also European countries like Germany and France want to have regulations. Governments want to have control on cryptocurrencies in order to keep an eye on the money.

player514

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Quote from: CurrencyGold on January 17, 2018, 03:44:57 PM

1. China shuts down Bitcoin? Huh

2. Bitcoin Drops. Shocked

3. China Buys cheaper Bitcoins. Wink

4. Bitcoin soars. Shocked

I HIGHLY doubt that China would want anything to do with bitcoin right now. They're probably interested and working on their own currency instead so that they can have a centralized currency that is technically a "crypto."

It's possible that other whales are manipulating the prices right now and are trying to impact the next bullish run. I could see more individuals or investing groups cooperating on that, but definitely not entire countries, and especially not China.

Cryptoshops

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Its not just China its also Brazil, India and S Korea

dietmarfritz59

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Quote from: CurrencyGold on January 17, 2018, 03:44:57 PM

1. China shuts down Bitcoin? Huh

2. Bitcoin Drops. Shocked

3. China Buys cheaper Bitcoins. Wink

4. Bitcoin soars. Shocked

This could definitely be the case! Anyone who heard all the news about Bitcoin and bought in when it was high I am sure sold when they all of a sudden lost a lot of money. However, if you are smart you will hold and ride this out.

Topic: China Wins? (Read 264 times)