Bitcoin Forum

https://www.dropbox.com/s/3euz31w2q8vksnk/Screenshot%202016-03-11%2016.24.39.png?dl=0
 (https://www.dropbox.com/s/3euz31w2q8vksnk/Screenshot%202016-03-11%2016.24.39.png?dl=0)

we gonna break up or down soon

it is down lol

You mean dump, right?

I think its the other way around, I did not see the rate go up or did I missed it.
Why  is it that when theres a short or small pump China is the culprit?
Do they hold that much BTCs that move the rate up or down?

The answer is YES. China holds ALL the cards as far as bitcoin is concerned; they hold the largest mining hashrate and hold the largest amount of bitcoins. Do you still think bitcoin "fundamentals" are sound when a single entity is holding ALL the cards?

Flat line until segwit release in April.

the price went up to $421 for a short while and now it is back down to $412 maybe that is what OP calls mini pump by china! doesn't look like a pump to me anyways

429 on  preev, no dump or pump whatsoever

you guys need to chills out, because panicking for 10% movements is going to look utterly stupid

wake me when we do another 100% increase or 50% dump, everything else is pure market activity

For us these silly 1-10% movements aren't interesting anymore, but for the other less experienced Bitcoiners it's something amazing, or horrible if the price goes down. I will remain neutral and not excited as long as we are still sitting below $500.

Yeah me too.
500 is the next step where it will get exciting. What we are seeing now is just some sidewards movement with small ups and downs.
Nothing really what makes me laugh or cry.

Single entity?

I think you are confusing individual Chinese investors and corporations with "China". The former consists of multiple entities; the latter is a state in Asia.

The image certainly suggests the range is tightening. Not seeing anything in it, or in your post, to indicate a "china mini pump inbound again". Is there another image I missed, or a textual explanation?

Well all I thought that reason why China holds huge number of BTCs is because theres a lot of MMM participants in their country. That was the news that circulated last year. Never thought they also have the largest hashrate in terms of mining. What else they cant do nowadays.

I'm fairly sure MMM was just an excuse used by Bobby Lee to reassure the PBoC that demand for BTC by Chinese traders was definitely not related to capital flight. MMM has been around for years, it's founder jailed at least once - the sudden surge in price last November doesn't seem to me to be consistent with a long-term scam, more a short-term reaction to the PBoC lifting its most recent BTC "ban".

Chinese pools have the largest hashrate. I'm not sure why this is an issue, nobody worried about Czech domination of mining when Slush's pool was the largest!

yeah, up or down only around $10-$15 it's normally we can see everyday maybe he looks bad signal like price want crash soon back to below $400. let's see what OP said is right or not

These have already in the works, and yeah, we won't be seeing it very near, but it will take at least 1 - 2 more months for the markets to decide that on which side will this pattern be broken and moved towards...