Yes the Chinese manipulators sold all coins last November at $1200, now wil crash market to buy back at $100
With what they will crash the market if they don't own Bitcoins they sold?
With fake bitcoins of course.
Topic: Fake Chinese Bitcoins Crash Bitcoin Market (Read 4368 times)
With what they will crash the market if they don't own Bitcoins they sold?
With fake bitcoins of course.
it could explain everything, those were the chinese that pumped it, and now want to dump, it won't surprise me if they are the same who dumped from the 1200 peak
after all they were the one who pumped it to that peak
after all they were the one who pumped it to that peak
How can be bitcoins fake? They are not USD and cant be just printed in high numbers.
Anything you buy on an exchange potentially does not exist.
IANAL but if it was intentional market manipulation in China, well, I wouldn't want to be that CEO.
really feel sorry for those who sold in panic...but that's the problem when you put money into something you don't understand or don't care to understand and just following market sentiments. Current price is way below production cost and it can only go for so long until something had to give. now they're busted this can only mean btc will correct itself, and that price will rise
glad its the chinese screwing around - means it isnt investors like you and I in panic mode
Seems China is the culprit... mass market manipulation
http://bitcoinpricelive.com/chinese-bitcoins-crash-market/
http://bitcoinpricelive.com/chinese-bitcoins-crash-market/
Buy up all the "cheap" coins by all mean if you think it is manipulation.
Just more reasons not to use exchanges.
BUY/SELL crypto currencies like Bitcoin on bitcoin-otc and localbitcoins and privately from now on, until these exchanges are heavily fined and cleaned up.
Since MTGox these exchanges have been hurting crypto currencies without regret.
Did Satoshi, when he created the protocol, not want no central entity manipulating the price? {Like reserve banks, printing money, to stimulate their fiat currency}
More and more people are moving away from exchanges, because of this type of fraud.
BUY/SELL crypto currencies like Bitcoin on bitcoin-otc and localbitcoins and privately from now on, until these exchanges are heavily fined and cleaned up.
Since MTGox these exchanges have been hurting crypto currencies without regret.
Did Satoshi, when he created the protocol, not want no central entity manipulating the price? {Like reserve banks, printing money, to stimulate their fiat currency}
More and more people are moving away from exchanges, because of this type of fraud.
Okay so the basic process is one of the exchanges decides they want fiat. They credit a house account with a bunch of btc that they don't really have, sell and reap the rewards. If they want btc, they do the opposite, credit a house account with fiat.
This would explain how they can have no fees.
This would explain how they can have no fees.
Exactly, exchanges can create accounts with trillions of fiat money and millions of bitcoins. Since the trade is always happening in their database, there is no way to tell the validity of any account. But once people start to withdraw at large scale, they will blow up, just like what happened with MTGOX
BTC-China has passed the third party audit for their bitcoin reserve and also that dabase, so the manipulation could come from other exchanges. I think majority of the sell order are coming from those late established mining farms to pay for the expense, but that does not explain the 22K sell wall on bitstamp
Okay, I like this conspiracy theory! Is there a happy ending though? They drive the price back up buying cheap coins to now cover all their depositor's balances? I can see lots of UNhappy endings....
That is good to know about BTC-China passing a third party audit, thanks for that information!
Wait a minute, I thought China banned bitcoin! 
Wasn't that the excuse for bitcoin dropping earlier in the year? Now they are making thousands of fake ones?
I can see how it's possible, but we wont know until there is a run on one of the exchanges. I can only imagine the bad fallout that will result from one of the leading Chinese exchanges blowing up in such a spectacular and corrupt manner. So more bad for bitcoin.
Wasn't that the excuse for bitcoin dropping earlier in the year? Now they are making thousands of fake ones?
I can see how it's possible, but we wont know until there is a run on one of the exchanges. I can only imagine the bad fallout that will result from one of the leading Chinese exchanges blowing up in such a spectacular and corrupt manner. So more bad for bitcoin.
i am in China , i know the OKERY HUOBI etc rading platforms, false trading, buying from the his own sale , price manipulation,Hate them!
Seems China is the culprit... mass market manipulation
http://bitcoinpricelive.com/chinese-bitcoins-crash-market/
http://bitcoinpricelive.com/chinese-bitcoins-crash-market/
"mass market manipulation " YES， the OKEY、 huobi 、 BTER …… They mass the btc market.
Please someone explain how bitcoin can be fake?
maybe because bitcoin is anonymous
Thanks i've read that,
i cant see scenario to protect against this thing... this way they can create panic every single time...
just robbing others...
i cant see scenario to protect against this thing... this way they can create panic every single time...
just robbing others...
we must act to fight this
Let them take those gains this time.But next time they try this I'm sure Satoshi would find a way out.
i already told you guys on this months ago , but only a few believe me
+1 i'm one of the few that also saw this.
but im sure the price will go up in endyear or new year ..
Fingers crossed.
why no one said that fake bitcoins caused the rise to up 1000 level?
Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff
Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff
It's common knowledge that the price was inflated by mtgox using coins that didn't exist.
whatever you said... no
but im sure the price will go up in endyear or new year ..
Predictably China continues to hold the whip hand in terms of shaping price discovery
Hopefully we will have some good news this week
Hopefully we will have some good news this week
so true , chinese exchanges really have a bad reputation . Just Look at the fake fucking vol on okcoin
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