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Topic: Is China manipulating the price of Bitcoin and other altcoins? (Read 1947 times)

legendary
Activity: 2100
Merit: 1058
Honestly, answer yes the way how it gets told to the public is manipulation yes. The ICO ban caught up to be a permanent ban. While Chinese people already knew it was temporary. I did panic sold 1 Chinese token because of delisting had no choice. Further, this news now looks kinda like fud. I spoke to some Chinese located people and they can still trade and not a single exchange have received a banning order yet. So till now its fud and even if they announce something first wait for the full report because it was wrong last time as well. Bitcoin and other currencies can't be stopped it will just enter the black market no government wants that.
Okay, let’s say it wasn’t banned by the Chinese and they’re still trading on the platform. By the way, what’s making the price drop? Is it because lots of people are starting to make withdrawals? I guess that’s the only option that will make the price drop so low to $4,100+. Well, good opportunity to buy Bitcoin lol.
sr. member
Activity: 322
Merit: 253
I think it's possible for them to manipulate the price of Bitcoin and other altcoins. China has one of the biggest volume in the cryptocurrency market, if one of this biggest volume brings bad news (fud) to the cryptocurrency, the market will likely to dip but if it brings good news to the cryptocurrency, the market will be likely to be pumped.
hero member
Activity: 742
Merit: 500
There was a time earlier when China dominated the whole bitcoin world.Bitcoin investors used to keenly watch the situations in china related to bitcoin to either invest or sell bitcoins.That was a huge dominance.Using that situation,chinese exchanges created fake trade orders and manipulated bitcoin price.Even chinese investors dumped their bitcoins at once and made bitcoin price to fall down and they just once again bought those bitcoins at a much cheaper price.Huge manipulation of price.Bitcoin mining farms located in large numbers in china was also a reason for this upper hand.But,now after legalization of bitcoin in japan and most countries soon to legalize bitcoin and mass adoption of bitcoin all over the world and bitcoin getting investors all over the world,situation has almost changed upside down.Now,china is no more in a stage to manipulate bitcoin price.But altcoins have very small market cap when compared to bitcoin and even one or two big whales could manipulate price of altcoins and china is not need for it.
newbie
Activity: 28
Merit: 0
I don't think this is their primary concern.

They want above all to control financial transactions, so bitcoin is a concern because it cannot be controlled as much as they would like.
sr. member
Activity: 476
Merit: 250
Unfortunately for every bitcoin user, manipulation of the value of bitcoin is easy, because of it's volatile nature. So any news that appear related to BTC will affect it somehow. This China banning news, and as it is,I guess a big market for bitcoin, will make the value of bitcoin decrease. And in these last days, there are more bad news than good news for bitcoin. Hope we can get better news for the future and raise it's value to new limits.
hero member
Activity: 1106
Merit: 502
Not only China. Many billionaires are doing it. When price drops like now (almost below 4k) lots of newbs are going to sell, which is opportunity for them to get cheap coins 
True, this looks the strategy of the billionaires to get a cheap price. China is very smart to do fud, and this is often the case ICO tires are the beginning of their strategy to suppress the price of Bitcoin. Politics in bitcoin only makes panic when this is a good opportunity to buy.
sr. member
Activity: 404
Merit: 252
Honestly, answer yes the way how it gets told to the public is manipulation yes. The ICO ban caught up to be a permanent ban. While Chinese people already knew it was temporary. I did panic sold 1 Chinese token because of delisting had no choice. Further, this news now looks kinda like fud. I spoke to some Chinese located people and they can still trade and not a single exchange have received a banning order yet. So till now its fud and even if they announce something first wait for the full report because it was wrong last time as well. Bitcoin and other currencies can't be stopped it will just enter the black market no government wants that.
member
Activity: 91
Merit: 10
This question is probably asked many times, but I would like to start a discussion and hear other people's opinion on this. Of course it is a bit paranoia, but there is so much money to make for China that they would almost be stupid if they didn't manipulate the price.

This website is great to see the history of Bitcoin's price and the main events that influenced it: https://99bitcoins.com/price-chart-history/

Today seems to be exactly like in 2013. First China comes with some promising news that they see a bright future in Bitcoin and the price of Bitcoin goes even higher than it already was (giving a lost full blow into the bubble, prorbably so they can sell their holdings or something) and just a week or a couple of days later they come with restrictions and the bubble bursts. Is it me being paranoia or is the same exact thing happening again? And will it happen again in the next (even bigger) bubble?

Please share your (well-founded) thoughts here Smiley

Makes me think of it too and it is really possible that they are manipulating it. From banning ICOs to fully banning exchanges  and Btc entirely. Seems to me that they are showing the world (again) how influential they are.
full member
Activity: 266
Merit: 100
This question is probably asked many times, but I would like to start a discussion and hear other people's opinion on this. Of course it is a bit paranoia, but there is so much money to make for China that they would almost be stupid if they didn't manipulate the price.

This website is great to see the history of Bitcoin's price and the main events that influenced it: https://99bitcoins.com/price-chart-history/

Today seems to be exactly like in 2013. First China comes with some promising news that they see a bright future in Bitcoin and the price of Bitcoin goes even higher than it already was (giving a lost full blow into the bubble, prorbably so they can sell their holdings or something) and just a week or a couple of days later they come with restrictions and the bubble bursts. Is it me being paranoia or is the same exact thing happening again? And will it happen again in the next (even bigger) bubble?

Please share your (well-founded) thoughts here Smiley

There is a big possibility that they are manipulating it for their own benefits but their are no concrete evidence yet that they are doing it.
Aside from their act that they restrict it so they can manipulate the growth of bitcoin.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
Its is very hard to trace who manipulates the price. But I believe their are few holders that blow and pop the bubbles. We are just being feed by the media without knowing the real story behind stories. The media is best tool of manipulators, Crypto environment is not different from stock exchange.
sr. member
Activity: 700
Merit: 300
What else china can really do rather than manipulate the market. This has been done many times by china and they will keep doing that. There is no reason for them to ban the ICO in first place because it's been going great and china itself had most of the contributions into these projects. After knowing about the whole situation they knew if they ban it then they will have to go through bigger loss but still they went on doing that.


That's not kids play, that's pre planned stuff and look the price has already started pushing for coins. Looks like whales from china are in the game again.

full member
Activity: 364
Merit: 130
Of course China is, biggest god damn market in the world.
What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.
Cryto is the future.
There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin?
Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap.

Even so, china could manipulating a bitcoin price, and the other alt coin are got the impact of it. The price looks strong a $4,1k, but let just see, If the price continue to falldown, I think China is already success to be a super power country that could adjust and set a currency and crypto currency price.
full member
Activity: 630
Merit: 102
yes. china has the capacity to manipulate prices but to take over or control the whole market, maybe no. even theres a lot of chinese billionaire, they did not dominate wall st. or forex. cryptoworld is a big ocean where whales, sharks,fish, octopus shrimp and other big and small players harmonously live. theres always room for small players in terms of numbers. maybe whales may affect but small fish have powers too.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Of course China is, biggest god damn market in the world.

What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.

Cryto is the future.

There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin?

Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap.

You have a point out there. In 2013 also they tried the same trick. But if I remember correctly, it wasn't very successful back then. Two months after the Chinese FUD, the Mt Gox exchange collapsed. And the exchange rates nosedived to record lows. So whoever purchased coins at cheap rates after the Chinese FUD in December 2013, actually lost their investment.
legendary
Activity: 1330
Merit: 1003
Of course China is, biggest god damn market in the world.

What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.

Cryto is the future.

There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin?

Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Of course China is, biggest god damn market in the world.

What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.

Cryto is the future.

There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin?
full member
Activity: 154
Merit: 100
Of course China is, biggest god damn market in the world.

What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.

Cryto is the future.
full member
Activity: 224
Merit: 100
there's is possibility, but not only china. Billionaires and banks manipulating it in the trading.
but many billionaires and bank in China that have possibilities to manipulate the market price..., We still doesn't know for sure Huh
newbie
Activity: 19
Merit: 0

It is not manipulation is a state case ie government.
hero member
Activity: 994
Merit: 502
Looking the entire digital currency network, China holds a large market compared to other countries in the bitcoin network. This generates an impact over bitcoin when something happens with the regulatory issue arising at China. Such a situation prevails right now causing a price manipulation from the China's move with the ICO ban.
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