Topic: Will the Chinese pumpers pump BTC up again in the next 30 days? (Read 2474 times)

You don't see them because it's implied in some news or statements but I know for a fact that there are plenty of companies and starups trying to move away from Bitcoin in the recent weeks, it's sad but true. This doesn't mean Bitcoin will die or anything but I'm afraid it has become too tainted with negative headlines every week and many scandals under its belt.

I am sure they will do another pump with 2/3 months. Maybe even sooner.
It's their way of making money.

Yes they will pump it again.
My guess it willl come in march and the goal will to establish a new price for the halving.
If not well then we are in some problems.

There is no doubt a new pump will come.
But the question is when and for what goal. The current pump was to show bitcon is still alive f.e.

I don't see as much companies leaving bitcoin or selling honestly.
Thinks are like normal, the high volume is logic when there is much fluctuation.

I can't really predict this because nobody knows what they will do, however we are only just a couple of negative statements away from a true Bitcoin crisis. Many companies are leaving and selling their BTC investments and that's the reality. Hopefully the storm will pass and Bitcoin will be able to survive as it usually does, but the next weeks/months will be hard and turbulent.

Sure:

1. I haven't hear that the last pump was caused from China. Is there any source which give some data about this? That my question doesn't mean that what is told by you in main post is wrong or not true. Only that to be credible in one claim like this which is made by you at the main post must be given some data which prove it. If you show those I can agree that what you have told is correct without any problem.

2. My impression is that seeing after every move of the price of bitcoin China and Chinese bitcoin market is a little exaggerated. We had a few days ago an increase about 50 us dollar (dollar less, dollar more) of the price of bitcoin. For me this is a normal move of the price of bitcoin and not a pump connected with China or Chinese bitcoin market. I have doubt even if can be named pump. I again have no problem to agree that I am wrong if your give data which can put down my reasoning.

3. Two days ago the Bank of China did a statement which was a hymn about the cryptos and the technology which serve to produce those (peer to peer). This normally (if is known the mentality of Chinese and they way of doing thing) is a big and open step ahead of the Chinese Authorities versus this technology. This mean even big possibilities that the status of bitcoin (which is semi regulated at China) goes ahead. This news and this possibility, if the Chinese market would have that importance given by almost every post here at bitcointalk when is treated some increase of price of bitcoin, would be reflected in some way and directly at the price of bitcoin. While in the reality from two days before the price of bitcoin was decreased by 20-30 dollar. So the market not even don't reflected positively this news but went down almost the amount of the pump mentioned by you. I think that was indifferent and the movement was a normal movement of the price of bitcoin like almost all the movements of its price in time. This could be a sign or fact that the Chinese bitcoin market might be not always the factor of every movement of its price. And again if you give facts who show that this my thought is a wrong one I would have any kind problem to agree your facts.

Can you explain a bit more?

I haven't hear this news. If someone can give any data about this would be appreciated. Two days ago was a very big formal news - which was not directly connected with bitcoin - from the Bank of China. Maybe this might mean some step ahead regarding the status of bitcoin in this country. But this news was not reflected at the price of bitcoin. Even, was see e little decrease of its price. It is not that is augmented more than the real one the role of the Chinese market regarding the affection of it on the price of bitcoin? It is only a supposition given that I have any kind of data to support it. But I don't see some clear connection between these two factors except the fact that the price of bitcoin the last days (not today) was a little higher at the Chinese exchanges compared to other important ones in the rest of world. If it was this the only fact taken in consideration in giving such hypothese for me seems a little less to consider as true the claim of OP.

I'm sure that they will, I believe that's where the most of the bitcoin movement comes from.
Sooner or later bitcoin will go up.

So BTC at 1000 USD has a very low chance of happening then?

yep, most people are lacking common sense. i wonder what they feel if their high predictions will end up being nothing more than an illusion.

What most people here are hoping for is unrealistic. If they know how markets work then they would be a whole lot less optimistic as far as the short term goes. Some people think the price would reach $1000 in January....uhhhhhhuuuummmm. Hope is gone.

I don't think this will be a good time for BTC - this looks like a move to close the crypto backdoor to their financial controls. Once they do that they will want people to switch from BTC to that new cryptocurrency.

i am quite sure the chinese pumpers or whoever they really are come back and cause a massive bull run. the only thing is, where will the price end up going. if we go back to lower $300's, which i don't think will happen, the the bull run will probably peak around $500-$550. that's not exactly what people were hoping for. it is what it is, we have to deal with it if it turns out to be like this.

China's Central Bank Discusses Digital Currency Launch if this thing happened, Yes Crypto will go to the Moon i think

The People’s Bank of China (PBoC), the country's central bank, is moving toward the launch of its own digital currency.

The PBoC said in a 20th January release that it had held a meeting discussing the possibility in Beijing.

Attendees included central bank governor Zhou Xiaochuan and deputy governor Fan Yifei, as well as a group of “relevant research institutions, major financial institutions and advisory bodies of experts”.

Notably, the central bank put together a team dedicated to digital currency research in 2014 – the work of which played into the Beijing meeting.

In addition, the PBoC received input from Citibank and Deloitte, as it weighed up how to issue the digital currency.

According to an unofficial translation of the release, the meeting urged the PBoC's digital currency research team to "actively absorb the important results" and to "further clarify the strategic objectives of the central bank-issued digital currency".

Further it should research key technologies and various digital currency applications for the "early introduction of digital currency issued by the central bank".

While the release gave no precise indication as to when the digital currency might be released, the central bank did give some indication of the factors driving its development.

Design of the digital currency, it said, should be based on "economic, convenience and safety principles', while low cost and "wide coverage" were also requirements. #coindesk

yeah, there is no way that they lett their profit be inferior to what it was before, miners profit will always remain the same, i can argue that they are mining the same $ in bitcoin since block 50 and it will continue to do so after the 2028 halving

so the 2x increase after each halving is not as bullshit like many think, it's just not straight 2x of the last value, but 2x of the value that will maintain their profit equal for each new halving

What about now?  Still think China will pump again?

The pump did come.  But not good enough to get the momentum going.

First i was very confident that this would happen.
They tried very hard to get the price to 500 dollar.

But now they encounter a hard goal because after Hearn, there is way more resistance.