PBOC really wants to keep the price of BTC suppressed it seems - page 2.

gentlemand

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Welt Am Draht

Quote from: maku on February 09, 2017, 12:08:21 PM

It is a big IF rather than when. So far we have no luck with any ETF. Winklevoss, known for theirs by the book approach wanted to establish ETF since mid-2013 - with no effects.
Every time they were denied by SEC. Feds know that if they accept 1st fund of this kind there is no going back so they will try to hinder and slow this process as much as they can.

NASDAQ were the ones who were denying them as far as I can tell. They were the ones who couldn't be arsed to implement the rule change that BATS is.

And this is how real world finance works. If I remember rightly the first gold ETF took considerably longer than four years. This is probably the world's first financial application rabidly watched over by a bunch of brats who live on the internet.

kwukduck

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Activity: 1937

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Oh man.. this gives me a head ache... the levels of delusion are through the roof.

Seriously none of you see critical problems with Bitcoins inability to scale and the community refusing to adopt protocol changes that would resolve this to some extent? None of you care for you privacy?
Oh yea i forgot, you're not here to change how we do finance, you're here to try to trick others into it and make a lot of fiat quickly.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Very obvious, we were inches away from new ATH and PBOC starts investigations.

Price rebounds and is climbing daily then boom, PBOC stops withdrawals.

maku

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Quote from: Torque on February 09, 2017, 11:51:05 AM

I believe that if/when the COIN ETF gets approved, we will not only see more U.S.-based Bitcoin ETFs also get approval, but also Chinese-based Bitcoin ETFs as well as those in other countries will also start popping up.

It is a big IF rather than when. So far we have no luck with any ETF. Winklevoss, known for theirs by the book approach wanted to establish ETF since mid-2013 - with no effects.
Every time they were denied by SEC. Feds know that if they accept 1st fund of this kind there is no going back so they will try to hinder and slow this process as much as they can.

serjent05

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It seems that way. They really wanted to profit from Bitcoin and since they are in a position to cause fear or panic sell to people, they are comfortable shorting their trades whenever Bitcoin breaks $1000 wall. And then after they position their orders, they will then start releasing Bad Press . And today seems the perfect timing due to the fact those two Big Exchange announced shutdown Bitcoin Withdrawal for their site security and AML compliant upgrade. But it seems people are getting resistant to it. Though I think PBOC had profited on this dip.

spazzdla

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Quote from: Torque on February 09, 2017, 11:51:05 AM

I believe the U.S. SEC and PBoC have financial connections.

I believe the SEC wants to shore up any "bad actors" ahead of the COIN ETF approval and launch, including those in China. That launch is exactly 4 weeks from now.

I believe the SEC/PBoC knows that there will be a buying frenzy when the COIN ETF launches, and wants to make sure that any Chinese bitcoin buyers are in compliance with KYC/AML policies.

I believe that if/when the COIN ETF gets approved, we will not only see more U.S.-based Bitcoin ETFs also get approval, but also Chinese-based Bitcoin ETFs as well as those in other countries will also start popping up.

All of this is BULLISH AF.

I like this theory better LOL. I just find it hard to believe gov agencies doing something for the good of the people.

Torque

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I believe the U.S. SEC and PBoC have financial connections.

I believe the SEC wants to shore up any "bad actors" ahead of the COIN ETF approval and launch, including those in China. That launch is exactly 4 weeks from now.

I believe the SEC/PBoC knows that there will be a buying frenzy when the COIN ETF launches, and wants to make sure that any Chinese bitcoin buyers are in compliance with KYC/AML policies.

I believe that if/when the COIN ETF gets approved, we will not only see more U.S.-based Bitcoin ETFs also get approval, but also Chinese-based Bitcoin ETFs as well as those in other countries will also start popping up.

All of this is BULLISH AF.

d5000

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Decentralization Maximalist

Well, a more subtle and long-term manipulation theory could be like this:

- PBOC orders (or pays) miners to block Segwit and other "bigger blocks" proposals
- At the same time, they pay irregular spam attacks to scare out newbies out of BTC and limit its growth
- Bitcoin cannot grow because there is no blockchain capacity for mass adoption.

But no, I don't believe these manipulation theories. They may simply be afraid of losing control and try to press down the market when they think there is "danger" of a new ATH (and so a new bubble).

cellard

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Quote from: spazzdla on February 09, 2017, 10:06:08 AM

A bullish outlook for the future?

Just like any sort of pressure.. it continues to build.. and takes more and more force to keep it contained. Two things can happen.

A) The pressure continues to build to the point no amount of physical force can stop the pressure from escaping and the Item under pressure escapes and expands insanely fast.

B) The pressure dies down and the item can easily be contained.

Very curious to how this will play out. With enough buyers (pressure) no matter what PBOC does they are doomed to fail at keeping the price at $1000.. and eventually it overpowers them and skyrockets. Wondering if there will be enough.. it is seeming more and more like PBOC is doomed to watch BTC blow up in their face but hey perhaps not.

Just the same good ol one trick pone. The chinese government is obviously involved on this. They set the short positions, and then they release the news. This causes the noobs to panic sell, the gov then takes profit and it gets quickly bought back. It happened exactly the same the other day. They can't stop bitcoin, so they will try to buy as much as possible for a cheaper price.

spazzdla

legendary

Activity: 1722

Merit: 1000

A bullish outlook for the future?

Just like any sort of pressure.. it continues to build.. and takes more and more force to keep it contained. Two things can happen.

A) The pressure continues to build to the point no amount of physical force can stop the pressure from escaping and the Item under pressure escapes and expands insanely fast.

B) The pressure dies down and the item can easily be contained.

Very curious to how this will play out. With enough buyers (pressure) no matter what PBOC does they are doomed to fail at keeping the price at $1000.. and eventually it overpowers them and skyrockets. Wondering if there will be enough.. it is seeming more and more like PBOC is doomed to watch BTC blow up in their face but hey perhaps not.

Topic: PBOC really wants to keep the price of BTC suppressed it seems - page 2. (Read 2043 times)