Did China really crash Bitcoin again? - page 2.

ragavancoin

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Quote from: Shasha80 on November 22, 2019, 06:38:41 PM

I was surprised by the opinion that always connects China with bitcoin price movements. In my opinion the decline in bitcoin prices
now this is not because of the state of china, but indeed the price manipulation is carried out by whales in order to obtain cheap
prices for buy bitcoin. As we know in a few months there will be a big event halving bitcoin, therefore whales want to buy in the amount
of a lot of bitcoin by making prices down. And proven effective many investors are panicking sell now. So for who have not planned to
sell their bitcoin, I suggest not selling the bitcoin you have, because I'm sure a few weeks in the future bitcoin price will rise again.

Yes. I agree with you, for sure bitcoin price will increase by 2020 better not to sell bitcoin,whales always does this, better hold bitcoin for few weeks. Definitely will find bitcoin increase

bounceback

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Quote from: cotton ball on November 23, 2019, 11:46:47 PM

China always make drama with bitcoin, last several weeks they have make bitcoin come back stronger price after China president want to legal using bitcoin as currency payment, but now we got confirmation about China have make bitcoin crash and down. I don't know why China have big power to play bitcoin price, they can easy want to make bitcoin have higher and lower price.

I'm not too sure if for example the price of bitcoin goes up or down it's caused by the drama of the Chinese state but this might be caused by certain factors directly related to bitcoin, honestly now some people are confused because every bitcoin price goes up or down there is always news that say it's caused by the country of China, is it currently only China that adopts bitcoin? of course not.

clickerz

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Quote from: meanwords on November 23, 2019, 07:18:13 PM

We are just getting to the price before the china announces their support for Bitcoin. People over hyped it which results into a pump of $10,000+ but when China released a statement that they only support Blockchain, people suddenly pull out. There's no theory or anything like that happening, we are just having a correction.

Well, possibly a correction added with fud news from China is just a coincidence. I don't believe that Binance is the sole reason for this is what the media portrays. Sooner we will see a bitcoin recovery, adding that next year is halving event. This happening is a good opportunity to buy to accumulate.

cotton ball

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China always make drama with bitcoin, last several weeks they have make bitcoin come back stronger price after China president want to legal using bitcoin as currency payment, but now we got confirmation about China have make bitcoin crash and down. I don't know why China have big power to play bitcoin price, they can easy want to make bitcoin have higher and lower price.

meanwords

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We are just getting to the price before the china announces their support for Bitcoin. People over hyped it which results into a pump of $10,000+ but when China released a statement that they only support Blockchain, people suddenly pull out. There's no theory or anything like that happening, we are just having a correction.

dimastegar

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Quote from: LeGaulois on November 22, 2019, 06:08:16 PM

Bitcoin had been in a fragile zone for several weeks, we could see that the price was able to drop at any time. A little in the same situation as we were at $10k. It didn't take long for the price to fall if you remember back.

It's funny because several weeks ago when the price went up by $1k (or more?) the media outlets also said it was because of China (when they announced its own digital currency).

Always the blame on China ofc. Roll Eyes

Yes, it's funny because some people think China is the cause of the fall in the price of Bitcoin. And they should not be easily consumed by news from the media, which sometimes write speculation on the news. We can say this speculation as FUD.

Distinctin

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BTC to $150k -

We can't deny that China has a negative response to Bitcoin and the whole crypto because of their personal interest. As they would like to take care of their territory, they give everything just to stop the crypto spread in their area https://japan-forward.com/crytocurrency-control-boosts-chinas-expansionist-strategy/
And one thing that China never accepts crypto now and even push to close all establishment accepting Bitcoin because they want to control and imposed regulations on it which they can't.

qiman

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I think China is partly to blame because Chinese like to speculate a lot and any small news in their country affects the price. I am Chinese so know the mentality quite well. Also, China is at war with Bitcoin, it is a love and hate relationship. Chinese like to make money form Bitcoin but equally despise it due to the fact that it was not their creation. I think these two reasons are why Bitcoin right now is not sitting at at least 30-40k USD each in value.

Oceat

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Quote from: jossiel on November 23, 2019, 03:35:16 PM

I think the rumor remains as a rumor, the reality came out that those news about China and Binance raid is a fake one. That's why CZ will sue the news media, the block.

Binance CEO Speaks Up Against The Block; There Was No Raid

This is not new to me since I've known China to make certain rumors to make the public react against it but for those people who knows the truth will continue what they are doing or take advantage of this rumors. Although it is not just China has been doing it since it is also happening in different parts of country where fake news was spreading all over the place even in the social media.

jossiel

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I think the rumor remains as a rumor, the reality came out that those news about China and Binance raid is a fake one. That's why CZ will sue the news media, the block.

Binance CEO Speaks Up Against The Block; There Was No Raid

Hamphser

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This is too much for scattering rumours i guess since China is always on the blame. Lol Can we consider a little bit about of how the market would bend back because why not. After all this is just a free market where whales and people like us can do anything anytime here. And i don't think China will make a big effect on the market anymore if ever they would certainly crash bitcoin because first of all, they don't support it.

Blackdeath

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

Indeed. We should not put all the blame to China about the recent crash of bitcoin's price because it is pretty normal for a cryptocurrency like bitcoin to have ups and downs to it's value. I think the only cause why bitcoin's price is starting to go down is maybe because of halving that will happen this 2019 that it will start to reach it's price again to $20,000 again

kro55

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Chinese president statement on blockchain was main reason of recent rally in which BTC went upto 12k. Market has to settle after that hike, we can say that China is also responsible for this fall Wink

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

~snip~

There will always be many weak hands that will be guided by the news, it is also notable to note that China is looking for attention, this to prepare the ground for its cryptocurrency that will be launched soon. This news does not seem to be "Fundamental", some sell their cheap Bitcoins for lack of knowledge in the field of investment in the market, perhaps the panic takes advantage of them, this is a great opportunity for the purchase of Bitcoin, because in general, it is in the beginning of Bullish Trend following Wyckoff's theory.

adzino

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Really funny how people starts to blame other countries with no specific facts that can back up their claim. Why do you really think China has caused that crash? Any recent event that caused people to panic and sell? If it is really because of China, then this crash is just temporary. It will recover in few days after things starts to settle.
We have seen these ups and downs of the price from the very beginning. This is nothing new over here. So spreading false news about "China" banning exchange and other bullshit news should be stopped.

Youghoor

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

Exactly, China can't be the cause of crash in the market value of bitcoin. The raise and fall of the market value of bitcoin is just the nature of the decentralized nature of bitcoin. The real reasons for the crash of the Bitcoin market are not really known and no one can actually tell the real reasons. I believe this is just FUDs to cause faint-hearted holders to sell their bitcoin.

Colt81

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Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

In my own personal opinion, bitcoin's price is volatile that we can't predict when will the market goes up and down, that is why we can't blame everything to china about the down trend of bitcoin because we are really in the season of the bear market. I also think maybe the reason why bitcoin's price is down today because it may be the start of bitcoin halving.

Kemarit

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Quote from: Slow death on November 23, 2019, 07:54:38 AM

Quote from: Astargath on November 22, 2019, 02:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

So you believe the increase from $7400 to over $9200 was pure luck? Was it something normal? and coincidentally increased from $7400 to over $ 9200 just as the president of china talked about blockchain and days ago china said it is still implementing hard measures against bitcoin and the price has dropped to the point of going back to $7400... This is not coincidence, even if some people insist not see the obvious that China has a large influence on bitcoin price. when President Donald Trump and the Chinese President intensify their trade war, Immediately the financial markets react, why would we not believe that the statements of the Chinese president affect the price of bitcoin?

Initially though it was not that evident until everyone realized that it was too late. The pump was very artificial but everyone was very happy to see the price jumps above $9200 specially after the Chinese president statement. But since everything has settled down, it's obvious now that it was sort of misleading and confirmation, Chinese Central Bank Confirms Anti-Crypto Sentiment: Blockchain, Not Bitcoin.

So be it, let this be another lessons to learnt in this very evolving market, we need to read between the lines.

Gotumoot

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I think there are actually whales that control the price of bitcoin and they keep it up depending on every Chinese statement and action, Whether it's good or bad.

But why would they do this to show that China has the power to overthrow bitcoin? or the china itself is doing it and they have a secret agency in place, or these whales are connected to China.

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Quote from: Blawpaw on November 22, 2019, 06:18:29 PM

every time Bitcoin goes down a legion of experts show up with a lot of theories. I believe these crashes to be orqestrated by whales who have been accumulating btc. The halving is coming, so sharks and whales should be using several techniques to gather more and more coins. This might be a move to lead many holders to take actiion while they get cheap coins

You have a point we can't just blame all the movement on China. They are the biggest country yet the most populated throughout the world but this doesn't always mean they are the reason behind this crashes and uptrends. Actually there's no one knows what is the specific reason all thoughts are just theories if it has no any strong evidence. My theory is that whales are getting more Bitcoin because halving is getting closer.

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