Bitcoin Forum

Is Bitcoin Boom Over?

"It all started towards the end of December last year and,
 since then, the value went up, especially after the new year.
In fact, we had a market high of $1153 on the 5th of January
 and that was one of the best Bitcoin prices in a very long time...."

Full Story Here (http://www.digitokash.com/bitcoin-market-trends/)

China is a massive player in the bitcoin world, so issues in that region would most likely impact the international market for sure.

Right. And for that. They can control the price of bitcoin. But in the interferance of PBOC. I dont think the impact will be weaken. China leading exchangers are guilty of violating the law of anti money laundering. For that, the PBOC will be keeping their eyes on exchanges. Exchangers there also quietly made a policy which i think will limit the trading transactions http://www.coindesk.com/china-bitcoin-exchanges-trading-policy-updates/

Also because of the people he (trump) may put in power now that hes president.

China exchanges can NOT control the price of btc....
what happened  is that exchanges did leveraged trades!
PBOC does not want that for good reason!
if you want to see the trade volume in REAL coins look https://coinmarketcap.com/currencies/bitcoin/#markets
Also the story that china controls the miners is bull.
There are a few pools , but the miners are not all located in china!
they can switch at all time!
to a pool outside china.
China knows this , controlling a price is impossible  if the supply is limited by 21.000.000 ever.
I buy a $50 btc every month and store it in my own wallet! , if everybody does this btc price  will explode.
Because you need the REAL btc to play in the market! , you cant use paper btc ,,, like paper gold to control the price!
the network will expose you the moment you try.
From geopolitical point of view it could be very good i f there is one coin no one can control
and has the properties of gold , and can be trusted by your foo not because of you but because of the math calculations everyone can do for them self!
Math as a model to enforce  , that's the power of Bitcoin!
That's why it will be the new gold!
The thing is that people are not yet capable to understand the abstractness of bitcoins rules ,
Those who do have a huge advantage , like those who understood stocks in 1602 , and those who understood oil in the 189x :)

Why do I have that strange feeling that China is trying to control the market some other way now with news like this. :-\

Exactly its the news , were non tech people temporary fall for...
Media try's   to control the narrative to keep the people stupid , it will work a while but because of the nature of bitcoin it will only slow it down.