Bitcoin Forum

Economy => Economics => Topic started by: jbreher on July 07, 2015, 07:38:57 PM



Title: China markets, WTF!?
Post by: jbreher on July 07, 2015, 07:38:57 PM
While we've been distracted by little ol' Greece (with ~0.3% WDP), China's stock markets have lost $USD trillions in the last month!

Yeah, slipped under my radar too. Discuss amongst yourselves while I go read some...


Title: Re: China markets, WTF!?
Post by: Hollingsworth on July 07, 2015, 08:26:13 PM
I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.

Asian stock market frenzy spills over into crypto.

H.


Title: Re: China markets, WTF!?
Post by: newIndia on July 07, 2015, 08:33:29 PM
While we've been distracted by little ol' Greece (with ~0.3% WDP), China's stock markets have lost $USD trillions in the last month!

Yeah, slipped under my radar too. Discuss amongst yourselves while I go read some...

AFAIK, Chinese govt recently stopped subsidizing Chinese manufacturers. This has come as a blow to most Chinese companies as they were getting edge in world market because of their cheap rate. Investors have smelled that profit is gonna deep in coming quarters and hence they are selling out their stock.


I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.

Asian stock market frenzy spills over into crypto.

H.

It has nothing to do with crypto. I am sure the majority of the Chinese stock market players are not yet in crypto. If they were, just imagine what would happen, even if 1% of a trillion USD slipped into BTC/LTC market.


Title: Re: China markets, WTF!?
Post by: NUFCrichard on July 07, 2015, 08:39:18 PM
I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.

Asian stock market frenzy spills over into crypto.

H.

2nd biggest economy in the world loses 30% off it's stock markets, and bitcoin rises $30..
I am not sure they can really be correlated, the increase is almost meaningless on that kind of scale,

China frequently prints more money to back the markets in a day than the Bitcoin total value!


Title: Re: China markets, WTF!?
Post by: Harry Hood on July 07, 2015, 08:48:18 PM
I doubt bitcoin has any influence on the China markets. It's a lot more plausible that Greece and EU worries (as a result of Greece) may be driving people to move money out of the market globally.

jbreher, what news did you find us through your reading?


Title: Re: China markets, WTF!?
Post by: pereira4 on July 07, 2015, 08:54:49 PM
www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.


Title: Re: China markets, WTF!?
Post by: monsanto on July 07, 2015, 09:11:58 PM
Well if they keep doing this they'll be forced to trade bitcoin  ;):

http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout (http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout)

Quote
Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading.

Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges, according to data compiled by Bloomberg. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses.

The suspensions have locked up $1.4 trillion of shares, or 21 percent of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.

“Their main objective is to prevent share prices from slumping further amid a selling stampede,” said Chen Jiahe, a strategist at Cinda Securities Co.

The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.

Later, the number of halts requested increased to more than 1,200, the 21st Century Business Herald said, citing exchange data. The Shenzhen Stock Exchange will reject unjustifiable applications for suspensions, QQ.com reported, citing an unidentified person familiar with the matter.


Title: Re: China markets, WTF!?
Post by: Slark on July 07, 2015, 09:18:17 PM
www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.
What Greece crisis has to do with BTC? The only correlation is that Bitcoin is trying to promote itself because of this. It is not FIATs or Euro fault that Greece is in crisis, it them living over the top and spending money like fools caused this. Euro is still strong and will remain that way since Greeks Voted "NO". Bitcoin investment is still highly susceptible to whims of markets in many ways more than EURO ever was.


Title: Re: China markets, WTF!?
Post by: Cryptopher on July 07, 2015, 09:34:05 PM
I think that events in China have played a big part in the recent surge in the crypto markets.

Litecoin has made remarkable gains (a train I have repeatedly missed), and that is being driven by Huobi.

Not sure if it will be sustained for long, though there seems to be a lot of LTC holders sitting in a long position.


Title: Re: China markets, WTF!?
Post by: jeannemadrigal2 on July 07, 2015, 10:09:01 PM
And the interesting thing is China started buying up stock, the government is buying stock, to prevent a further collapse in price.  The end result is the exact same thing as the usa's Greenspan put (and its successors), an artificial price support.  This will make for bubbles and inflated asset valuations, if my thinking is correct.  I wonder, if the usa will do this too eventually because you can only lower interest rates to zero, and then there is no where to go.  I mean in addition to QE that they did.


Title: Re: China markets, WTF!?
Post by: yayayo on July 07, 2015, 10:25:18 PM
You should not only watch the Chinese stock market, you should also watch commodities. Their decline indicates that we might enter a new bust cycle very soon with China only honking first.

I doubt there is a significant influence on the Bitcoin market. The majority of the Chinese people doesn't know about Bitcoin and will prefer precious metals.

ya.ya.yo!


Title: Re: China markets, WTF!?
Post by: d4n13 on July 07, 2015, 10:25:48 PM
I found some asian exchange selling Sharkcoin.... in the millions... crazy.

http://coinmarketcap.com/exchanges/jubi/
https://i.imgur.com/n0YP1w1.png


Title: Re: China markets, WTF!?
Post by: cellard on July 07, 2015, 11:58:25 PM
www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.
What Greece crisis has to do with BTC? The only correlation is that Bitcoin is trying to promote itself because of this. It is not FIATs or Euro fault that Greece is in crisis, it them living over the top and spending money like fools caused this. Euro is still strong and will remain that way since Greeks Voted "NO". Bitcoin investment is still highly susceptible to whims of markets in many ways more than EURO ever was.

Greece debt was audited and judged illegal. I would love to see those who hate on greece posting here looking at their credit card bill and seen their debt increasing 5 fold out of a bank scheme. They will be the first to pick up the phone and complaint with their bank. Now Greece has to pay and shut up... well not gonna happen.


Title: Re: China markets, WTF!?
Post by: kelsey on July 08, 2015, 12:48:24 AM
While we've been distracted by little ol' Greece (with ~0.3% WDP), China's stock markets have lost $USD trillions in the last month!


and gained ridiculous trillions of $US equivalent in the last 12 months.

chinese markets for last 12 months are still up crazy % gains, just last few weeks have had a correction, sky ain't falling.



 


Title: Re: China markets, WTF!?
Post by: DeepLee on July 08, 2015, 01:15:51 AM
China stock martet volume was doubled in  the past year. So, 30% drop is a little case.


Title: Re: China markets, WTF!?
Post by: jbrnt on July 08, 2015, 01:25:28 AM
China stock martet volume was doubled in  the past year. So, 30% drop is a little case.

Yes, fund managers has been buying China stocks for months when they started opening doors to foreign investors. Now that China's economy is slowing down, US picking up, and Grexit, they left. It's not because of cryptos. Bitcoin do not have that much influence over stock markets  ;D


Title: Re: China markets, WTF!?
Post by: kelsey on July 08, 2015, 01:49:36 AM
China stock martet volume was doubled in  the past year. So, 30% drop is a little case.

Now that China's economy is slowing down, US picking up

if you consider 7.4% growth slowing down (compared to the US' 2.4%) then yes  ::)


Title: Re: China markets, WTF!?
Post by: ticoti on July 08, 2015, 02:13:32 AM
China has been in a really big bubble for some years,and it is starting to collapse

house prices are in a bubble too, but the point is that they are a very closed enviroment with own badge and they may avoid it or make it less bad


Title: Re: China markets, WTF!?
Post by: coinableS on July 08, 2015, 02:26:39 AM
I saw a post on twitter that said people are selling tons and tons "irrationally". It completely reminded me of the bitcoin bear market and I thought, ahh so that's where the bearwhale went.  :D :D


Title: Re: China markets, WTF!?
Post by: PenguinFire on July 08, 2015, 02:33:56 AM
China has been in a really big bubble for some years,and it is starting to collapse

house prices are in a bubble too, but the point is that they are a very closed enviroment with own badge and they may avoid it or make it less bad

That is interesting.  Is their housing crisis as bad as the most recent one in the United States? 


Title: Re: China markets, WTF!?
Post by: jbreher on July 08, 2015, 03:23:46 AM
jbreher, what news did you find us through your reading?

http://lmgtfy.com/?q=news%3A+china+markets (http://lmgtfy.com/?q=news%3A+china+markets)

(sorry for the snark)


Title: Re: China markets, WTF!?
Post by: dopecoindude on July 08, 2015, 03:45:30 AM
www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.

Isn't bitcoin illegal in China ?

Or, is it they can't swap out to their national currency that is illegal ?


Title: Re: China markets, WTF!?
Post by: pooya87 on July 08, 2015, 04:33:38 AM
there were many Chinese investors who took loans to invest in their stock market for the profit which is extremely risky. and last month when the stocks first started to fall , many of those investors had to quickly sell their investments to pay back the loans. as the result , this fueled an even bigger drop in stock prices.

since China is still a major Bitcoin player. I think we are going to see big moves by them in the near future. and if this happens, it is going to fuel the bitcoin market even more than what Greece is doing now.


Title: Re: China markets, WTF!?
Post by: DeepLee on July 08, 2015, 04:35:21 AM
www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.

Isn't bitcoin illegal in China ?

Or, is it they can't swap out to their national currency that is illegal ?

Dont' trust the rumour.   Bitcoin  is legal all the time in China.  


Title: Re: China markets, WTF!?
Post by: monsanto on July 08, 2015, 05:01:55 AM
Well if they keep doing this they'll be forced to trade bitcoin  ;):

http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout (http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout)

Quote
Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading.

Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges, according to data compiled by Bloomberg. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses.

The suspensions have locked up $1.4 trillion of shares, or 21 percent of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.

“Their main objective is to prevent share prices from slumping further amid a selling stampede,” said Chen Jiahe, a strategist at Cinda Securities Co.

The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.

Later, the number of halts requested increased to more than 1,200, the 21st Century Business Herald said, citing exchange data. The Shenzhen Stock Exchange will reject unjustifiable applications for suspensions, QQ.com reported, citing an unidentified person familiar with the matter.

It's spreading...

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails (http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails)

Quote
A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value.

At least 1,323 companies have halted trading on mainland Chinese exchanges, locking up $2.6 trillion of shares, or about 40 percent of the market’s capitalization.


Title: Re: China markets, WTF!?
Post by: AgentofCoin on July 08, 2015, 05:07:53 AM
It will be interesting to see if China will start buying up BTC.
Currently, I'm not see much movement from them though.


Title: Re: China markets, WTF!?
Post by: fryarminer on July 08, 2015, 05:45:08 AM
Well if they keep doing this they'll be forced to trade bitcoin  ;):

http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout (http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout)

Quote
Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading.

Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges, according to data compiled by Bloomberg. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses.

The suspensions have locked up $1.4 trillion of shares, or 21 percent of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.

“Their main objective is to prevent share prices from slumping further amid a selling stampede,” said Chen Jiahe, a strategist at Cinda Securities Co.

The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.

Later, the number of halts requested increased to more than 1,200, the 21st Century Business Herald said, citing exchange data. The Shenzhen Stock Exchange will reject unjustifiable applications for suspensions, QQ.com reported, citing an unidentified person familiar with the matter.

It's spreading...

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails (http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails)

Quote
A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value.

At least 1,323 companies have halted trading on mainland Chinese exchanges, locking up $2.6 trillion of shares, or about 40 percent of the market’s capitalization.

So in the last couple weeks we have seen banks restricting money withdrawals, people forbidden to remove cask from the bank safety deposit boxes, and share trading halted.

The government let's us think we have money. We don't. They let us use it. Unless it's Bitcoin - which they cannot restrict or halt.


Title: Re: China markets, WTF!?
Post by: EternalWingsofGod on July 08, 2015, 07:03:15 AM
While we've been distracted by little ol' Greece (with ~0.3% WDP), China's stock markets have lost $USD trillions in the last month!

Yeah, slipped under my radar too. Discuss amongst yourselves while I go read some...

Considering the amount of leverage it is coming back to bite them
Nothing unusual seeing that it was coming for quite some time, but with Greece in the highlight not as much attention is placed on this.


Title: Re: China markets, WTF!?
Post by: Amph on July 08, 2015, 07:10:36 AM
China stock martet volume was doubled in  the past year. So, 30% drop is a little case.

so this is only a big swing, because you can0t really talk about a crash in this case

It will be interesting to see if China will start buying up BTC.
Currently, I'm not see much movement from them though.


they have no reason they can produce them

i think they know about their crash, and maybe they are searching for a refuge in crypto?


Title: Re: China markets, WTF!?
Post by: HigsonPP on July 08, 2015, 07:13:29 AM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.


Title: Re: China markets, WTF!?
Post by: Jeremycoin on July 08, 2015, 07:27:03 AM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.
Is that means that, this is the time to introduce Bitcoin to the WORLD? 8)


Title: Re: China markets, WTF!?
Post by: HarHarHar9965 on July 08, 2015, 11:44:11 AM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.
Is that means that, this is the time to introduce Bitcoin to the WORLD? 8)

I guess it is the time to unleash the dragon, let the world fall in love with this dragon. A dragon cannot be controlled or mastered, it can only be of aid. It will help you and protect you, but you can never control it or cage it. You cannot stop it, you cannot damage it. Its  fucking untouchable. That is exactly how bitcoin is and should be, and its time for the world to know about the power of BITCOIN ;D ;D


Title: Re: China markets, WTF!?
Post by: Jeremycoin on July 08, 2015, 11:46:03 AM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.
Is that means that, this is the time to introduce Bitcoin to the WORLD? 8)

I guess it is the time to unleash the dragon, let the world fall in love with this dragon. A dragon cannot be controlled or mastered, it can only be of aid. It will help you and protect you, but you can never control it or cage it. You cannot stop it, you cannot damage it. Its  fucking untouchable. That is exactly how bitcoin is and should be, and its time for the world to know about the power of BITCOIN ;D ;D

How could you thinking that far ahead, you have a really big imagination. ;D


Title: Re: China markets, WTF!?
Post by: bitbunnny on July 08, 2015, 12:00:15 PM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Do you think that BTC could save the Greece?


Title: Re: China markets, WTF!?
Post by: bitcoinmasterlord on July 08, 2015, 12:39:44 PM
I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.

Asian stock market frenzy spills over into crypto.

H.

2nd biggest economy in the world loses 30% off it's stock markets, and bitcoin rises $30..
I am not sure they can really be correlated, the increase is almost meaningless on that kind of scale,

China frequently prints more money to back the markets in a day than the Bitcoin total value!

Bitcoin did not make this but the rising bitcoin price can come from that. It does not mean that all chinese, who don't want to lose anymore, go into bitcoin. Bitcoin is small so i would await that only some people move there. So a small rise in bitcoin price is still explainable i think.


Title: Re: China markets, WTF!?
Post by: fryarminer on July 08, 2015, 12:42:10 PM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Do you think that BTC could save the Greece?

Let's think about this. People are starving because banks won't give them cash.

As Strongbad would say:
Yes very yes.


Title: Re: China markets, WTF!?
Post by: Amph on July 08, 2015, 02:14:33 PM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Do you think that BTC could save the Greece?

not so much anymore, but it could prevent something like this to happen again(at least halt the decline of it) , if the next country will trust it before their government will bankrupt


Title: Re: China markets, WTF!?
Post by: World on July 08, 2015, 02:33:19 PM
The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.
Is that means that, this is the time to introduce Bitcoin to the WORLD? 8)
slowly slowly ok  ;D
It is all about Accumulation/Distribution  :D


Title: Re: China markets, WTF!?
Post by: jbrnt on July 08, 2015, 02:54:33 PM
if you consider 7.4% growth slowing down (compared to the US' 2.4%) then yes  ::)

For the past 10 years, China's highest growth is 13% and dropping each year to 7% this year. I would say they are slowing down.


Title: Re: China markets, WTF!?
Post by: ifightformerkel on July 08, 2015, 02:57:47 PM
China has been in a really big bubble for some years,and it is starting to collapse

house prices are in a bubble too, but the point is that they are a very closed enviroment with own badge and they may avoid it or make it less bad

So it is good for bitcoin.
When the bubble burst people will move their money into bitcoin.



Title: Re: China markets, WTF!?
Post by: Zorrocoin on July 08, 2015, 03:02:39 PM
if you consider 7.4% growth slowing down (compared to the US' 2.4%) then yes  ::)

For the past 10 years, China's highest growth is 13% and dropping each year to 7% this year. I would say they are slowing down.


Yes, but the news is truly sad. While some analysts believe that the stock market is undergoing a much needed "correction," China's government has pulled out all the stops to support share prices.

The People's Bank of China has cut interest rates to a record low, brokerages have committed to buy billions worth of stocks, and regulators have announced a suspension of new share listings.


Title: Re: China markets, WTF!?
Post by: RodeoX on July 08, 2015, 03:06:57 PM
Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.


Title: Re: China markets, WTF!?
Post by: greBit on July 08, 2015, 04:31:39 PM
Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.

As they say what goes up, must come down. I know we are watching economies collapse, markets slashed into half losing trillions... Its so hard being positive about the future lately, y'know Yeah yeah, the economy will soon be up and be up and running and yeah the stocks will rise again, the good days will come, but isn't it funny how everything is somehow connected to each other, slowly tumbling like domino effect all over these markets :/


Title: Re: China markets, WTF!?
Post by: jbreher on July 08, 2015, 08:29:36 PM
Do you think that BTC could save the Greece?

Too late for that. What it could have saved is the capital of any Greek who moved their money from bank account to Bitcoin before the hilariously* misnamed 'banking holiday'.

* funny as in 'sick', not funny as in 'ha ha'

What is the next of the PIIGS to fall? Their citizens might be advised to start thinking about whether or not they'll be the next domino.


Title: Re: China markets, WTF!?
Post by: jbreher on July 08, 2015, 08:33:12 PM
For the past 10 years, China's highest growth is 13% and dropping each year to 7% this year. I would say they are slowing down.

Does not that official figure include ridiculous economically nonviable expenditures such as building ghost cities?

Are their legalized and widespread unbacked HYIPs included in the economic activity figures?


Title: Re: China markets, WTF!?
Post by: jbreher on July 08, 2015, 08:34:49 PM
I think China is about to learn about the folly of trying to control the market.

If only the USA would learn that same lesson. Aren't we credited with tutoring the USSR (CCCP) on the topic?


Title: Re: China markets, WTF!?
Post by: Possum577 on July 08, 2015, 10:34:34 PM
Everyone is seeing this as an "end of the world" scenario - doesn't anyone see this as a buying opportunity? The China consumers aren't going to disappear...they're going to need to buy stuff tomorrow, most (if not all) Chinese companies will be there tomorrow to seel that stuff to them.


Title: Re: China markets, WTF!?
Post by: iCEBREAKER on July 08, 2015, 11:24:45 PM
Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.

If anyone can control their market, it is the Confusion Chinese.  Their authoritarian culture accepts, expects, and somewhat demands it (unlike ours, which still prides itself on rugged individualism as we nevertheless obliviously sink into the morass of crony capitalism and soft fascism).

They realized their economy was overheating and put the brakes on over a year ago.

This correction is 100% intentional and being centrally managed by the government.

Of course a black swan could come along in this period of transition and weakness...but don't count on it.


Title: Re: China markets, WTF!?
Post by: newIndia on July 09, 2015, 12:33:00 AM
"China has lost 15 Greeces"

http://www.vox.com/2015/7/8/8916593/vox-sentences-china-nyse


Title: Re: China markets, WTF!?
Post by: Kapz786 on July 09, 2015, 02:33:11 AM
I remembered last year, I knew people who invested in Chinese stocks around starting from August, they were making so much money, I think it doubled, so 30% drop is a lot but it's going to be better. Bitcoin can still get big there.


Title: Re: China markets, WTF!?
Post by: Genesys on July 09, 2015, 03:42:44 AM
Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.
Control the market? More like greed to the Nth degree.
"Evil does upon itself whether it be by lust, gluttony, greed, sloth, wrath, envy, an or pride."


Title: Re: China markets, WTF!?
Post by: spacegoat on July 09, 2015, 03:57:18 AM
Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/


Title: Re: China markets, WTF!?
Post by: HarHarHar9965 on July 09, 2015, 04:41:52 AM
Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Would have definitely given a fuck to read about your articles if they were relevant to the topic, stop promoting your content here and promote it at places where people want to read about that stuff. You started a thread and now you are posting these links wherever you can, I see your activity post. It is not right thing to do, moderator will ban you if you are reported :)


Title: Re: China markets, WTF!?
Post by: Coinbanker on July 09, 2015, 05:40:41 AM
it was FONTAS's job. he did pump and dump on Shanghai Stock exchange.


Title: Re: China markets, WTF!?
Post by: Coinbanker on July 09, 2015, 05:42:40 AM
Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Would have definitely given a fuck to read about your articles if they were relevant to the topic, stop promoting your content here and promote it at places where people want to read about that stuff. You started a thread and now you are posting these links wherever you can, I see your activity post. It is not right thing to do, moderator will ban you if you are reported :)

funny articles...


Title: Re: China markets, WTF!?
Post by: Miracal on July 09, 2015, 05:51:01 AM
Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Would have definitely given a fuck to read about your articles if they were relevant to the topic, stop promoting your content here and promote it at places where people want to read about that stuff. You started a thread and now you are posting these links wherever you can, I see your activity post. It is not right thing to do, moderator will ban you if you are reported :)

Dude I read the articles you wrote and they are alright, I would give you that but please don't market them at the wrong places at the wrong time like this. Nobody would care to read about your shit that way. Try posting it somewhere people give a fuck about. Harharhar9965 is right. Nobody really gives a fuck :P