Author

Topic: Okcoin/ Huobi is owned by China Government (Read 1044 times)

legendary
Activity: 896
Merit: 1000
January 28, 2016, 07:54:39 AM
#14
okcoin and huobi aren't owned by the chinese government. the chinese government can easily buy up all bitcoins in existence even if they cause the price to rise massively. also, the chinese government have had a great chance to buy at sub $100 prices in 2012/2013. these exchanges are definitely up to something, but it has no connections to any government.
legendary
Activity: 1288
Merit: 1087
January 28, 2016, 07:34:33 AM
#13
If the Chinese government can't run a couple of little exchanges correctly it makes me wonder how they make a whole country run. I think they have bigger fish to fry but I'll bet there are some government guys with a little stash. They'll be better updated about the potential of this thing than your average country peasant.
sr. member
Activity: 1372
Merit: 261
January 28, 2016, 06:20:07 AM
#12
All these are none other than fake rumors. Undecided

If Chinese Government bought bitcoins through OKCOIN or HUBOI, then the price of 1 BTC will be at its highest peak ever to be imagined.

Anyways, BTC is still at around $400 so no need to spread these false rumors now. Grin

The Chinese government do not have to buy through exchanges. It just need to buy from farms directly.

then the money will just move from one hand to another, what's the point? chinese farm are more greedy than government, since they need to dump for bills

and they are known to run their farm only for profit

So I think the Chinese farms are not owned by the Chinese government. They are independent profit making organisation.
hero member
Activity: 490
Merit: 500
January 04, 2016, 02:10:58 AM
#11
are you kidding me? will the china gov copy the agent in bitcoin?
legendary
Activity: 3248
Merit: 1070
January 03, 2016, 04:32:03 AM
#10
All these are none other than fake rumors. Undecided

If Chinese Government bought bitcoins through OKCOIN or HUBOI, then the price of 1 BTC will be at its highest peak ever to be imagined.

Anyways, BTC is still at around $400 so no need to spread these false rumors now. Grin

The Chinese government do not have to buy through exchanges. It just need to buy from farms directly.

then the money will just move from one hand to another, what's the point? chinese farm are more greedy than government, since they need to dump for bills

and they are known to run their farm only for profit
legendary
Activity: 1134
Merit: 1000
January 03, 2016, 04:29:01 AM
#9
The latest pump is coming from China everybody knows that. China is smart and obviously interested in buying bitcoin. If they wanted to buy it they would have a problem because of the thin liquidity. Think about it. If you were in the Chinese government the best way to hide your buying would be to start an exchange and create alot of fake volume.

Add to that since OkCoin/Huobi started there has been alot of weird manipulation and the price has been much harder to predict. It all points to one big whale moving the price deliberately to cause confusion.

Who is OkCoin/Huobi and what are they doing? Something suspicious is going on there for sure.

So practically you are telling that we have the Government of China who need bitcoin to "cure" its finances. The second world powerful economy need to own/create/buy only one exchange within a country in order to buy in a hidden way bitcoin. Because need those to invest in all the world billion of dollars in millions projects. Cannot have such courage to wonder such situations.  Huh
sr. member
Activity: 1372
Merit: 261
January 03, 2016, 04:02:46 AM
#8
All these are none other than fake rumors. Undecided

If Chinese Government bought bitcoins through OKCOIN or HUBOI, then the price of 1 BTC will be at its highest peak ever to be imagined.

Anyways, BTC is still at around $400 so no need to spread these false rumors now. Grin

The Chinese government do not have to buy through exchanges. It just need to buy from farms directly.
full member
Activity: 481
Merit: 102
January 01, 2016, 03:56:01 PM
#7
China government will buy slowly. Dont forget they have the best professionals who can do the trading (they are very experienced traders) who can hide everything. They can avoid increasing the price too much, just buying slowly so everyone thinks it will go down. Then one day the price ends up very high and people suddenly realize the situation. But only after the price is $10,000
sr. member
Activity: 406
Merit: 252
January 01, 2016, 03:11:31 PM
#6
All these are none other than fake rumors. Undecided

If Chinese Government bought bitcoins through OKCOIN or HUBOI, then the price of 1 BTC will be at its highest peak ever to be imagined.

Anyways, BTC is still at around $400 so no need to spread these false rumors now. Grin
hero member
Activity: 714
Merit: 500
Me, myself and I
January 01, 2016, 03:05:07 PM
#5
i guess manipulation price is already see it before price jump much like now, it's normally. you shouldn't scared with manipulation price by china market if you still take profit from every situation/time.
Pab
legendary
Activity: 1862
Merit: 1012
January 01, 2016, 02:01:43 PM
#4
The number of stupid posts about China is beyond limitations If China gov will buy bitcoin through whatever exchange than btc price will be 4k$  not 400$

For what to  buy,thay can  mine more and keep low price to kill competition
legendary
Activity: 1442
Merit: 1016
January 01, 2016, 01:49:00 PM
#3
Even if that would be the case, what I doubt, there is nothing I would be worried about.
This would only mean that this government is indeed smart and understands how the monetary future might look like or where we are evolving into.
Furthermore the chinese exchanges can get manipulated much easier because fees for transactions are zero.
You can play ping pong with your own accounts.

legendary
Activity: 910
Merit: 1000
January 01, 2016, 12:58:26 PM
#2
Price rises $10 and you think it's a conspiracy?
full member
Activity: 481
Merit: 102
January 01, 2016, 12:53:15 PM
#1
The latest pump is coming from China everybody knows that. China is smart and obviously interested in buying bitcoin. If they wanted to buy it they would have a problem because of the thin liquidity. Think about it. If you were in the Chinese government the best way to hide your buying would be to start an exchange and create alot of fake volume.

Add to that since OkCoin/Huobi started there has been alot of weird manipulation and the price has been much harder to predict. It all points to one big whale moving the price deliberately to cause confusion.

Who is OkCoin/Huobi and what are they doing? Something suspicious is going on there for sure.
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