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Topic: Here we go, china dumping massively (Read 4034 times)

sr. member
Activity: 641
Merit: 253
▰▰▰ Global Cryptocurrency Paymen
February 07, 2015, 09:57:58 AM
#46
China upcoming Lunar New Year. They will dump.

But will buy them back after the Lunar new year, too.

The world isn't driven by China, you know.
That's right. Bitcoin existed before the chinese exchanges and will after they are gone.
legendary
Activity: 1022
Merit: 1000
February 07, 2015, 08:41:17 AM
#45
These questions have also kept me awake an hour or so after my bed time, there does seem to be stupid amount of dumps coming from china, now the question i ask is

- A, Large amount of mining in china and they don't like to hold.

- B, As you have noticed it's the exchanges manipulating the price to accumulate stupid amounts of coin.

- C, Whales just like playing around and are the ones manipulating the price for obvious reasons.

I edge towards A and C because how long would it take for the exchanges to accumulate the desired amount of coin?

On the bright side if it is the exchanges or whales when they have what they want the price will more than likely rocket, so for me it's just the case of holding tight and not panic to whatever happens!

I would rather 0 than give up and see it rocket with sh*t heads taking my profit.

I think the amounts being traded dwarf the amounts being mined, but it would be good to see some analysis.  I'm not sure about C, where did the whales come from if the miners are dumping, your A.

I keep coming back to B, are many of the exchanges still not charging fees?  If so, how are they paying their expenses.  My second question though is if it is B, what happens to the price if there is a run on the exchanges and they can't give everyone their coins.  Does the price go up as the exchange tries to meet demand or does it go down as people lose a little more confidence in bitcoin?
full member
Activity: 218
Merit: 100
February 07, 2015, 04:44:49 AM
#44
China upcoming Lunar New Year. They will dump.

But will buy them back after the Lunar new year, too.

The world isn't driven by China, you know.
legendary
Activity: 896
Merit: 1000
February 06, 2015, 09:39:15 PM
#43
China upcoming Lunar New Year. They will dump.

But will buy them back after the Lunar new year, too.
full member
Activity: 223
Merit: 100
February 06, 2015, 08:20:37 PM
#42
Isn't it common knowledge that the exchanges, especially the non-USA ones, trade fake coins and fake volume to manipulate the price?

I have no proof, just heard one too many trusted member say as much. Plus it would not surprise me. Wherever money can be made through shady means, there are ample shady players willing to jump in.

Everyone hates regulation, but I hate bullshit manipulators worse.

This has been my assumption for awhile.  While it was not confirmed, there was a blog post about it.  Of course, there are blog posts that aliens have a base on the moon.  But this theory does seem consistent with the relentless selling pressure.

Good Luck!

These questions have also kept me awake an hour or so after my bed time, there does seem to be stupid amount of dumps coming from china, now the question i ask is

- A, Large amount of mining in china and they don't like to hold.

- B, As you have noticed it's the exchanges manipulating the price to accumulate stupid amounts of coin.

- C, Whales just like playing around and are the ones manipulating the price for obvious reasons.

I edge towards A and C because how long would it take for the exchanges to accumulate the desired amount of coin?

On the bright side if it is the exchanges or whales when they have what they want the price will more than likely rocket, so for me it's just the case of holding tight and not panic to whatever happens!

I would rather 0 than give up and see it rocket with sh*t heads taking my profit.

 
     
legendary
Activity: 1022
Merit: 1000
February 06, 2015, 08:04:20 PM
#41
Isn't it common knowledge that the exchanges, especially the non-USA ones, trade fake coins and fake volume to manipulate the price?

I have no proof, just heard one too many trusted member say as much. Plus it would not surprise me. Wherever money can be made through shady means, there are ample shady players willing to jump in.

Everyone hates regulation, but I hate bullshit manipulators worse.

This has been my assumption for awhile.  While it was not confirmed, there was a blog post about it.  Of course, there are blog posts that aliens have a base on the moon.  But this theory does seem consistent with the relentless selling pressure.

Good Luck!
legendary
Activity: 2576
Merit: 1087
February 06, 2015, 03:27:51 PM
#40
why do people hate manipulators? This is the free market.

Hate is a strong word! I'd say I was more amused than anything Smiley
full member
Activity: 224
Merit: 100
February 06, 2015, 02:00:20 PM
#39
why do people hate manipulators? This is the free market.
legendary
Activity: 2576
Merit: 1087
February 06, 2015, 01:38:46 PM
#38
Price falling below 200 within the hour.
China is dumping massive amounts.

... why are you here?
To short and make huge profits...
sr. member
Activity: 432
Merit: 250
February 06, 2015, 01:01:38 PM
#37
Shorting is dumb. That's a quick way to lose money. Buying and holding long term is the best strategy, unless you know how to day trade. You'll get burned if you try to time the market.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
February 05, 2015, 04:43:58 PM
#36
Well even today's dump wasn't that massive and we're still above $200. I've got to admit that we could go below $200 any day now, yeah. But we could also make a surprise-breakout. I think I don't have the nerves to short the current market. Do you guys, really?
full member
Activity: 229
Merit: 100
CakeBet Bitcoin Casino
February 05, 2015, 03:12:46 PM
#35
FUD alert!

You are saying there will be a dump.

But the thread next to this one say there will be a pump. Hhmmm wtf
sr. member
Activity: 432
Merit: 250
February 05, 2015, 03:12:33 PM
#34
There is no source. It's just the bears' typical bullshit.
full member
Activity: 229
Merit: 100
CakeBet Bitcoin Casino
February 05, 2015, 03:11:37 PM
#33
It's unclear where they got their info.  Here's an interesting look at the state of affairs: http://bitcoinity.org/markets/btcchina/CNY

No matter which country dumps , it is always a buying opportunity .  Btw what's the source of info ?
sr. member
Activity: 432
Merit: 250
February 05, 2015, 03:07:38 PM
#32
I call bullshit. There will be no massive dump from China.

Just wait and see, I will be.

I love the excellent grammar  Smiley
sr. member
Activity: 384
Merit: 250
February 05, 2015, 03:05:33 PM
#31
I call bullshit. There will be no massive dump from China.

Just wait and see, I will be.
sr. member
Activity: 432
Merit: 250
February 05, 2015, 03:04:39 PM
#30
I call bullshit. There will be no massive dump from China.
legendary
Activity: 1937
Merit: 1001
February 05, 2015, 01:53:19 PM
#29
We just had a small taste of China.
Prepare for more soon.
hero member
Activity: 770
Merit: 500
February 05, 2015, 10:13:31 AM
#28
No matter which country dumps , it is always a buying opportunity .  Btw what's the source of info ?
legendary
Activity: 1778
Merit: 1043
#Free market
February 05, 2015, 05:39:21 AM
#27
I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)
Dream on. There are still people willing to pay over $200 and there will be even more of them just waiting to buy at $150 and so on. Sub $100 is not happening unless Bitcoin fails or becomes suppressed by the governments.

Under $ 100 dollar , hmm maybe it will never happen ( but none of us have the certainty, it is only a question of speculation).
sr. member
Activity: 462
Merit: 251
February 05, 2015, 04:47:12 AM
#26
I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)
Dream on. There are still people willing to pay over $200 and there will be even more of them just waiting to buy at $150 and so on. Sub $100 is not happening unless Bitcoin fails or becomes suppressed by the governments.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
February 05, 2015, 02:27:29 AM
#25
I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)
hero member
Activity: 490
Merit: 500
February 05, 2015, 02:19:59 AM
#24
the more people, the more power, it's just like as I said no financial derivatives, no trading volume , and the result is your said.
legendary
Activity: 1456
Merit: 1010
Ad maiora!
February 05, 2015, 01:06:22 AM
#23
Isn't it common knowledge that the exchanges, especially the non-USA ones, trade fake coins and fake volume to manipulate the price?

I have no proof, just heard one too many trusted member say as much. Plus it would not surprise me. Wherever money can be made through shady means, there are ample shady players willing to jump in.

Everyone hates regulation, but I hate bullshit manipulators worse.
legendary
Activity: 1106
Merit: 1005
February 04, 2015, 08:06:43 PM
#22
trend reversal long overdue

To more overdue it is, the more explosive it will be.

December 2013 will be nothing compared to the next rally, whenever it will come.

We may even see a double rally again. Something along the lines of a rally to $3000, a crash to $800 immediately followed by another rally to $12000 and a crash to $4000

Not saying it will happen, but I would not count out the possibility. It has done so before it could do so again.
legendary
Activity: 1778
Merit: 1043
#Free market
February 04, 2015, 01:46:51 PM
#21
Thanks China ! We can buy some cheap bitcoin, is it a positive thing or not ?
legendary
Activity: 1218
Merit: 1000
February 04, 2015, 01:45:42 PM
#20
trend reversal long overdue
legendary
Activity: 868
Merit: 1006
February 04, 2015, 01:39:14 PM
#19
China hasn't been buying for a year, those who wants to dump have done so and they have no more coins to dump.
Im sure there are tons of chinese that were holding and even owned mining equipement that will eventually dump. China is huge.
hero member
Activity: 672
Merit: 500
February 04, 2015, 12:20:39 PM
#18
China hasn't been buying for a year, those who wants to dump have done so and they have no more coins to dump.
sr. member
Activity: 384
Merit: 250
February 04, 2015, 11:48:31 AM
#17
You are saying there will be a dump.

But the thread next to this one say there will be a pump. Hhmmm wtf
legendary
Activity: 1092
Merit: 1000
February 04, 2015, 11:47:50 AM
#16
Price falling below 200 within the hour.
China is dumping massive amounts.



'chines panic' flash dumps .
legendary
Activity: 3248
Merit: 1072
February 04, 2015, 11:27:57 AM
#15
why dumping now, they could have dump before when the price was better, seems stupid
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
February 04, 2015, 11:23:01 AM
#14
Price falling below 200 within the hour.
China is dumping massive amounts.

BTC is above $220 and the hourly chart looks like a great time to Buy!
b!z
legendary
Activity: 1582
Merit: 1010
February 04, 2015, 11:20:08 AM
#13
This is pathetic, Bitcoin drops with a whopping $8 and the troll(s) are comming from there cave screaming fire!

Weak minds, weak hands :^)
hero member
Activity: 811
Merit: 1000
Web Developer
February 04, 2015, 10:30:40 AM
#12
This is pathetic, Bitcoin drops with a whopping $8 and the troll(s) are comming from there cave screaming fire!

The problems we face when children can buy bitcoin. Smiley Just see it as fresh meat.
legendary
Activity: 3620
Merit: 4813
February 04, 2015, 09:55:45 AM
#11
This is pathetic, Bitcoin drops with a whopping $8 and the troll(s) are comming from there cave screaming fire!
legendary
Activity: 2170
Merit: 1427
February 04, 2015, 09:50:18 AM
#10
Price falling below 200 within the hour.
China is dumping massive amounts.

I thought that you as Legendary member would know better....?

Nothing special happened, not sure what you're talking about.
sr. member
Activity: 384
Merit: 250
February 04, 2015, 09:47:27 AM
#9
Any evidence?
newbie
Activity: 11
Merit: 0
February 04, 2015, 09:34:16 AM
#8
I cant see it, are you sure?
legendary
Activity: 1148
Merit: 1006
Black Panther
February 04, 2015, 09:26:24 AM
#7
China upcoming Lunar New Year. They will dump.

Will pump up after the event

So, another big dump & panic sells will happen soon ?
Looks like there will be a little dump Roll Eyes

https://bitcoinwisdom.com/markets/okcoin/btccny

Just stable on $ 225  Sad
hero member
Activity: 546
Merit: 500
February 04, 2015, 09:24:20 AM
#6
China upcoming Lunar New Year. They will dump.
legendary
Activity: 1176
Merit: 1000
February 04, 2015, 09:22:35 AM
#5
Price on finex not even dipped below 220. /delete thread.
sr. member
Activity: 378
Merit: 250
February 04, 2015, 09:19:56 AM
#4
Price falling below 200 within the hour.
China is dumping massive amounts.
i guess the dump was really lame as the price already recovered. or was it just the first wave of huge dump?
full member
Activity: 468
Merit: 100
The world’s first Play, Learn and Earn
February 04, 2015, 03:18:11 AM
#3
well, at least it's good volume ...

member
Activity: 107
Merit: 10
February 04, 2015, 03:07:32 AM
#2
So, another big dump & panic sells will happen soon ?
Looks like there will be a little dump Roll Eyes

https://bitcoinwisdom.com/markets/okcoin/btccny
legendary
Activity: 1937
Merit: 1001
February 04, 2015, 02:17:06 AM
#1
Price falling below 200 within the hour.
China is dumping massive amounts.
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