Wouldn't say it was a pump to begin with, that was genuine asset appreciation. We definitely saw a concerted dump though with the MH/Cryptsy stuff, someone clearly sold and shorted on the way down preying on the usual hysteria.
Re Chinese New Year - even better for BTC imo. All the Chinese sat at home with family talking about how bad the economy is - what better time could you have for 1bn people to learn about BTC and possibly convert some Yuan into the digital currency?
This is a clear buying opportunity for people who have cojones.
Topic: Will the Chinese pumpers pump BTC up again in the next 30 days? - page 2. (Read 2474 times)
January 19, 2016, 06:18:39 AM
January 19, 2016, 06:09:12 AM
It's surprising to see that more people think the Chinese pumpers will come back. I thought most would be in bear mode by now.
Of course not. People have been swimming in good sentiment and you think 2 happenings will change that? Nope. Block halving is the key here. If we didn't had the block halving comming up, then it would be a whole different situation.
January 19, 2016, 05:06:52 AM
They can't really pump the price alone but they can dragged the community to help them to pump more. They can move a price and when that's happen other part of the bitcoin community will join the rally by buying more coins that will increase the price.
January 19, 2016, 04:49:11 AM
i don't sure if china can pump bitcoin to raise the bitcoin price again, so i decided to say 'maybe'. people in china seems isn't have any affection to the Mike, as a result people in china goes normally, though the message affected the traders outside the china.
January 19, 2016, 04:41:46 AM
It's surprising to see that more people think the Chinese pumpers will come back. I thought most would be in bear mode by now.
remember that chinese want bictoin to grow, they control 60ì%+ of the whole mining scene, so if they are in ber mode, now it's only because they want more cheap coin, by riding bad news like cryptsy and mike
their ultimate goal is to pump bitcoin, for obvious reason
I do not think that someone who control more then 50% of miners will spend more Fiat to Pump Bitcoin price up. They have a lot of Bitcoins and they need to keep maintenance and pay for bill.
Just because they have a lot of coins doesn't mean they would not buy another few coins
Also electricity in China is pretty cheap thus making them controlling most of the miners out there
January 19, 2016, 04:17:57 AM
It's surprising to see that more people think the Chinese pumpers will come back. I thought most would be in bear mode by now.
remember that chinese want bictoin to grow, they control 60ì%+ of the whole mining scene, so if they are in ber mode, now it's only because they want more cheap coin, by riding bad news like cryptsy and mike
their ultimate goal is to pump bitcoin, for obvious reason
I do not think that someone who control more then 50% of miners will spend more Fiat to Pump Bitcoin price up. They have a lot of Bitcoins and they need to keep maintenance and pay for bill.
January 19, 2016, 03:38:55 AM
It's surprising to see that more people think the Chinese pumpers will come back. I thought most would be in bear mode by now.
remember that chinese want bictoin to grow, they control 60ì%+ of the whole mining scene, so if they are in bear mode, now it's only because they want more cheap coin, by riding bad news like cryptsy and mike
their ultimate goal is to pump bitcoin, for obvious reason
January 19, 2016, 01:01:33 AM
How do the Chinese get shit-faced? All Chinese I've known can't metabolize alcohol into anything other than an immediate, severe hangover.
January 18, 2016, 11:58:17 PM
It's surprising to see that more people think the Chinese pumpers will come back. I thought most would be in bear mode by now.
January 17, 2016, 04:04:41 AM
I am sure the price will come back up to +$400 levels this month again. The price drop that brought the price down to very low $350 must be seen as a gift to people that have used that situation in their favor and bought themself a good bunch of coins. Wait and see what happens.
January 17, 2016, 03:44:02 AM
I don't think this dump had anything to do with the Chinese and not everything in the crypt world is related to them.Mike' resigning from this project could also affect people and i think they will eventually take the price to some desirable value.
January 17, 2016, 03:19:11 AM
Be cautious of the Chinese New Year. If the Chinese truly are in control, they will probably cash out right before the New Year in order to avoid having to monitor a volatile asset while they are out getting shit faced.
January 16, 2016, 10:28:38 PM
I think next step will be 650$,wha,maybe first will Dash,LtC pump
But that speculative move down is showing up
Chinise are buying at that level
But that speculative move down is showing up
Chinise are buying at that level
January 16, 2016, 10:24:37 PM
We're close to the Chinese New Year, so who knows what the fuck can happen?
Is that about the size of it? I have no clue whatsoever whether China or anyone else is going to produce a rally. It seems like the bitcoin market is moved by small things, apparently. Mike Hearn's statement. Cryptsy going kablooey. Why would China suddenly have a reason to push the price up?
Is that about the size of it? I have no clue whatsoever whether China or anyone else is going to produce a rally. It seems like the bitcoin market is moved by small things, apparently. Mike Hearn's statement. Cryptsy going kablooey. Why would China suddenly have a reason to push the price up?
January 16, 2016, 10:12:59 PM
China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
The question is, will they return and pump it up again in the next 30 days?
I agree that we are in Chinese hands. I think that the MMM pyramid was the greatest factor in the pump - I would like to hear from some Chinese users if MMM China is already saturated or not.
You're joking, right??? China men/women/children do NOT fall for ponzi schemes like MMM. They too smart for that kind of shenanigans.
January 16, 2016, 02:24:29 PM
China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
The question is, will they return and pump it up again in the next 30 days?
I agree that we are in Chinese hands. I think that the MMM pyramid was the greatest factor in the pump - I would like to hear from some Chinese users if MMM China is already saturated or not.
January 16, 2016, 01:48:25 PM
Added another option to the poll. 'Maybe'.
January 16, 2016, 11:26:09 AM
China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
The question is, will they return and pump it up again in the next 30 days?
I hope so but literally have no idea which way the market will move next. There isn't really any clear indication to say either way.
January 16, 2016, 11:14:29 AM
China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I think 30 day timeframe will be accurate for bitcoin to come back to 400 up but it can happen with or without chinese pumpers nobody knows. The question is, will they return and pump it up again in the next 30 days?
January 16, 2016, 10:28:39 AM
China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
The question is, will they return and pump it up again in the next 30 days?
they may do it. it's easy to put the bots to work. all the exchangers are doing that. fake volumes, fake transactions...
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