Bitcoin Forum

This question is probably asked many times, but I would like to start a discussion and hear other people's opinion on this. Of course it is a bit paranoia, but there is so much money to make for China that they would almost be stupid if they didn't manipulate the price.

This website is great to see the history of Bitcoin's price and the main events that influenced it: https://99bitcoins.com/price-chart-history/

Today seems to be exactly like in 2013. First China comes with some promising news that they see a bright future in Bitcoin and the price of Bitcoin goes even higher than it already was (giving a lost full blow into the bubble, prorbably so they can sell their holdings or something) and just a week or a couple of days later they come with restrictions and the bubble bursts. Is it me being paranoia or is the same exact thing happening again? And will it happen again in the next (even bigger) bubble?

Please share your (well-founded) thoughts here :)

You think that some big guys in China play games in order to manipulate the coin markets and profit from it? I would say it's possible but no one knows exactly of course. But definitely, they want to control the markets there.

In the past China has been manipulating the price of bitcoin and other altcoins but now it seems to me they aren't really the ones pulling the strings on the current price decrease of bitcoin. I can say it for certain because China is not fully dominant in bitcoin anymore since many countries started adopting the use of bitcoin. I cant say the same words for altcoins though because a one or two whales can easily control their prices so easily.

there's is possibility, but not only china. Billionaires and banks manipulating it in the trading.

I understand that Chinese is a great contributor in the exchange of digital currencies and with the decisions made by Chinese greatly affected the crash.
But they are not manipulating it directly. They are just protecting block chain in the risks today than fixing for its life in the future.
I think that they see ICOs as threats in the security of blockchain.
Let us just hope they have plans and be implemented as soon as possible. I know there are business depending on BTC that is why we can not blame those who are panic selling.

china always wanted to monopolize cryptocurrency trade.
50%  Bitcoin miners are in China. there was once a negative news that the Chinese state rejected Bitcoin.
but in reality there is where the largest market place cryptocurrency in the world

China has not made any sort of promising news at all.

In fact, China has recently announced that ICOs would be banned and that caused quite a dropoff in price due to people panicking about the situation. The whole pump essentially happened without any sort of help from Chinese regulators.

Anyways, China does have a large part in bitcoin pricing since there are so many miners and traders. However they have definitely dropped far from its former glory because of all the new regulations. Is it manipulating btc price? I wouldn't call it manipulation but it does have a large infulence over it.

If bitcoin will be used as originally intended then no one can stop him. What is China? It's a good environment for manufacturing, but financial markets are at the other side. I do not believe that China's decision could affect the status of the crypto currency. Problems can occur with mining, but it is very quickly adjusted.

That's what they like to do. They create significant changes on coin prices and then they start to exploit our holdings by manipulation. Every time they did this, we lose more coins.

This is very clear since 2015.

Not only China. Many billionaires are doing it. When price drops like now (almost below 4k) lots of newbs are going to sell, which is opportunity for them to get cheap coins 

If you have been here for a while, you would know that this is exactly what China did with the PBOC regulations back then. It was actually bullish news that the chinese exchanges got regulated, because they would expose the fake volume and leave only real volume, but people took it as negative, panic sold, then the price went to ATH.

Same goes for ICO ban, it's actually very bullish for Bitcoin.

And the China bitcoin ban is just fake news, so I can't believe people are still panic selling. I think it will not go below $4000 and that was it.

Possibly there are big people who manipulates bitcoin but we cannot say who and where exactly it was. Whales has a big factor on why bitcoin's price is inflating and deflating. But we have some assurance ofcourse that bitcoin will go higher. There maybe some panic days for those who are inconfident with bitcoin but it is considered as discount days for many of us.

Well, there has been some promising news from China that they are backing up cryptocurrencies like NEO, while before they did not support any coin whatsoever. Now I am beginning to get the feeling that yet again they are regulating more and more, pressing down the price of the crypto market.

If you compare the trading volume of Okcoin prior to January 2017, and that of today, what do you notice? If we are to believe their data, several million BTC were being traded on their platform every day. ::)

I think these volumes were definitely part of a larger attempt at price manipulation (more specifically, price suppression). It may be no coincidence that the price rallied so hard this year after the Chinese government audited the exchanges and forced this manipulation to stop.

Why do you think it will not go below $4000? If you look at the history of Bitcoin, it goes from bubble to bubble. What makes you think we are not in a bubble right now?

China may influence bitcoin price but limited only to slow down the continues increasing of the bitcoin value not to destroy the bitcoin. The price today of the bitcoin is at $4200 lets see what will happen until the end of the year 2017 but i will strongly believe it will reach to $5000 this year and $10,000 by next year so be on board now.

I think there are no such thing as controlling bitcoin, they may manipulate the value of it but totally controlling it is a no, I think this trending fake news must stop now, the damage is done and this is what they want right now so many in there can buy bitcoin from this crash, right now the value drops to $4000 mark value, but we are now regaining the wits to make the value goes up again and wish this keeps on rising, because I can really see that $4000 value is our safe floor right now.

I think even though China has an influence on bitcoin development, I agree with the above statement that it may be a mere rumor to trigger panic until there is a relatively low sales transaction, while behind it there will be a drastic price spike.

Well said. Bitcoin may wobble, bubble or even go down, looking at a month or two, and it has done so always, but broaden the viewing glass to 6month-1year-2year, and it only goes up.
As more people want coins, the only way to fill demands is to increase the price. It is not like you can print more coins!

I guess this implies that Bitcoin is still not big enough that rumors will effect the price like so.

I do not believe that China deliberately manipulated the price. It is due to the rumors that China wants to ban the Exchanges. But this is not true, all exchanges are available. China has only prohibited the ICO's. The BTC course is still very susceptible to good or bad news. This will continue for a while.

I think China able control bitcoin global market since China start legalize bitcoin as well and when CHina's ICO got ban, bitcoin's value got decrease up to 10%
I hope there is some adjustment that able to recover bitcoin in normal position

China's recent move to make exchanges illegal has surely hit us all as the prices are falling down :(

Hope that it gains back again!

All the cryptocurrencies are based on blockchain, which is de-centralized and unregulated.
It is true that news from China influenced the cryptocurrencies' trend but as we can see in the past fews weeks, the prices always recover.
In my view China can influence the price of the bitcoin and other altcoins but is not manipulating.

I agree on this one. All the telltale signs are there!

Yes. It's very strange that all this FUD is being spread without any sources from the chinese gov't. Unless the announcement is coming out monday and this is just a leak from inside the gov't.

Yes there is no official news from Chinese govt but this news spreading all over the world and all new comers are getting panic and selling their bitcoins, so it will be affecting the Bitcoin price. Don't know when this issue will be solved and again the price will recover.

It is possible that there's someone plotting from the shadows but I think the chances of that being true are close to zero. Because I think what they're doing right now are genuine measures to counter economic instability. Also because they are aware that their economy is highly dependent on crypto, could not afford any half-assed decision.

well in past bitcoin was almost manipulated by the chinese because of it's majority in market and in mining but now many countries adopted bitcoin china isn't major as before but since the news in china ICO will be banned in china was broke price were crashed still china has still power in bitcoin market

They just make a big impact because they have the largest volume of bitcoin and some other cryptos in the market. I've red about china banning bitcoin transactions, and I don't know if it is true but it greatly affected the price of bitcoin today.

I’d like to think about it as a nice chance to purchase some coins while the Altcoins are falling down. The only thing that is that it doesn’t seem to be worth purchasing right now because there’s only a selected portion of people that are receiving this information. Once the people that used to participate in the China ICO’s find that they can’t easily make a purchase then they will be trying to sell off their BTC.

We all know what happens when Bitcoin goes down in value, most Altcoins lose their hype and they begin to go lower in value as well.

The bitcoin cannot be manipulated easily, look for the market cap of then, yeas ago, the chinese investors can easily manipulate the market, but now... In the world of altcoins i cannot have 100% certain about, but its not difficult to a people manipulate, imagine a countrie of investors.

The manipulation of prices goes beyond individuals and money bags as at now from the look of things, it seems institutions are getting involved on a high level in that every time going back memery lane, Chinese government at one point or the other are just bent on influencing the price anytime there is potential to reach all time high then it came crashing to start from the beginning and change the discussion to getting back to the point we were before the crash.

I just think positive. I think bitcoin will soon be stable and normal even though china is not involved for bitcoin or ico.

Of course they do but I hope when bitcoin is bigger they won't be able to do it.

There's a huge panic withdrawal request in China since Friday.
Price has dropped as low as $3300-$3400 at one point, and some panic sellers spam the Exchange's Weibo platform on the delay in withdrawal, up to 24 hours. There's no delay, just that the Chinese are used to have Alipay/Wechatpay withdrawal into bank account in seconds.

Then there are a smart few ones who are interviewed, they bought extra few BTC while it is cheap, having faith in future of Bitcoin.
Damn, if I live in China I would do that too. So what if the government really shutdown the exchanges, my Bitcoin is still valid, I can still sell it in p2p markets or overseas.

They can do that because of the highest population there, They maybe control a high percent of of cryptocurrencies include bitcoin, so as you said if the community will become more larger in few years later, china alone it can't affect bitcoin too much.
So, I hope that bitcoin community will increase in the near future and peoples start to invest in this cryptocurrency.

OkCoin is trading 3 times more than Poloniex

2   Bitcoin   BTC/CNY   $99,496,300   $3732.11   26.26%
1   Bitcoin   BTC/USDT   $37,188,700   $4277.90   19.72%

China always been investing a lot into bitcoins and some major pools are located in china. I can hardly call it a manipulation because if  you are a big investor there is a hard chance that market will react on your desigions. But anyway I accept that China have too mutch influence on bitcoin and bitcoin cash.

It may be possible that the Chinese government is directly involved in Bitcoin price manipulation as a part of their broad plan to control Bitcoin - just remember that most miners are located in China and Bitmain, the biggest miner manufacturer, is also Chinese, and play their own game with attempt to get more control over Bitcoin. There are even rumors that Bitmain is closely tied to Chinese government. Maybe China was stockpiling bitcoins for a couple of years already and would like to see it as a global currency some day, so they can utilize their strong position in it.

Some chinese millionaires and billionaires definetally have the ''power'' to manipulate currencies from all around the world. It is possible that they are trying to manipulate and control Bitcoins as well but since it's an all digital coin that isn't produced in any country and isn't actually controled by anyone i would say it's a little bit hard to do that.

I think that the Chinese government has engaged in this sort of manipulation multiple times over the years. The 2014 "PBOC to ban Bitcoin" rumors were similar. I don't think it's necessarily so they can stockpile BTC -- wouldn't that be the bitcoiner's dream?-- but rather, to calm the markets and discourage capital outflow.

The devaluing of the CNY has caused many Chinese investors to move their money overseas into investments (especially real estate) that hold their value much better than the CNY. Enter Bitcoin: a way that citizens can easily move their assets without friction, bypassing normal restrictions on capital outflows.

As the price of Bitcoin rises, a feedback loop develops. Not only do people realize that it can be a speculative investment itself, but they realize they can use it to secure their assets overseas. This, in turn, keeps driving up the price. I think the PBOC wanted to end this cycle and calm the markets in order to reinforce capital controls. I think the 2014 rumors were much the same.

It could be because most the people that love gamble and have the capability to used their money out of playing is the price of China. Yet we could hide the fact that China is the number one country in terms of transaction, because it is the largest country that also claim the largest people that could actually be a bug part on Bitcoin development.

As many people do, it's only China that manipulates the price but there are other countries and the Bank is not very visible. Maybe they just want to make the price down and buy a lot of Bitcoin. Monopoly or manipulation. So let's think positive.

I'm fairly certain that China has reacted to a misunderstood message to the news about exchanges and that the Chinese government only wants to stop the shonky ICO's from happening.

That's a good thing. It was a good move but could have been delivered at a better time. Or maybe not. Maybe it was best dropped when BTC was soaring to make minimal impact. The exchanges would be aware of problems already if it was true.

The Chinese government is very smart and have ethics and wouldn't bother with a pump and dump. They just invest some money into it and gain from tax generated from it also.

Cryptocurrency is a technological innovation and China likes to innovate. Also it's big money for them. Both in the business it supports and in the tax raised from the profits.

I think when the dust settles and the Chinese people realize this is the case and that even when China regulates Cryptocurrency that trading BTC is fine then they will buy back in at a fast rate.

Anyhow Chinese can put their cryptos into paper wallets and use a vpn and even a decentralized exchange to trade so the Government don't want to force it underground.

I expect China to start buying back into BTC within the next week.

I think chinese is not everything, but china is a big whale in digital currency, which can affect the price of coin prices in its decisions, and many people panic with the decisions made by China so many people sell their coins, and rest assured it will return normal again after a while.

Looking the entire digital currency network, China holds a large market compared to other countries in the bitcoin network. This generates an impact over bitcoin when something happens with the regulatory issue arising at China. Such a situation prevails right now causing a price manipulation from the China's move with the ICO ban.

It is not manipulation is a state case ie government.

but many billionaires and bank in China that have possibilities to manipulate the market price..., We still doesn't know for sure ???

Of course China is, biggest god damn market in the world.

What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.

Cryto is the future.

There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin?

Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap.

You have a point out there. In 2013 also they tried the same trick. But if I remember correctly, it wasn't very successful back then. Two months after the Chinese FUD, the Mt Gox exchange collapsed. And the exchange rates nosedived to record lows. So whoever purchased coins at cheap rates after the Chinese FUD in December 2013, actually lost their investment.

yes. china has the capacity to manipulate prices but to take over or control the whole market, maybe no. even theres a lot of chinese billionaire, they did not dominate wall st. or forex. cryptoworld is a big ocean where whales, sharks,fish, octopus shrimp and other big and small players harmonously live. theres always room for small players in terms of numbers. maybe whales may affect but small fish have powers too.

Even so, china could manipulating a bitcoin price, and the other alt coin are got the impact of it. The price looks strong a $4,1k, but let just see, If the price continue to falldown, I think China is already success to be a super power country that could adjust and set a currency and crypto currency price.

What else china can really do rather than manipulate the market. This has been done many times by china and they will keep doing that. There is no reason for them to ban the ICO in first place because it's been going great and china itself had most of the contributions into these projects. After knowing about the whole situation they knew if they ban it then they will have to go through bigger loss but still they went on doing that.


That's not kids play, that's pre planned stuff and look the price has already started pushing for coins. Looks like whales from china are in the game again.

Its is very hard to trace who manipulates the price. But I believe their are few holders that blow and pop the bubbles. We are just being feed by the media without knowing the real story behind stories. The media is best tool of manipulators, Crypto environment is not different from stock exchange.

There is a big possibility that they are manipulating it for their own benefits but their are no concrete evidence yet that they are doing it.
Aside from their act that they restrict it so they can manipulate the growth of bitcoin.

Makes me think of it too and it is really possible that they are manipulating it. From banning ICOs to fully banning exchanges  and Btc entirely. Seems to me that they are showing the world (again) how influential they are.

Honestly, answer yes the way how it gets told to the public is manipulation yes. The ICO ban caught up to be a permanent ban. While Chinese people already knew it was temporary. I did panic sold 1 Chinese token because of delisting had no choice. Further, this news now looks kinda like fud. I spoke to some Chinese located people and they can still trade and not a single exchange have received a banning order yet. So till now its fud and even if they announce something first wait for the full report because it was wrong last time as well. Bitcoin and other currencies can't be stopped it will just enter the black market no government wants that.

True, this looks the strategy of the billionaires to get a cheap price. China is very smart to do fud, and this is often the case ICO tires are the beginning of their strategy to suppress the price of Bitcoin. Politics in bitcoin only makes panic when this is a good opportunity to buy.

Unfortunately for every bitcoin user, manipulation of the value of bitcoin is easy, because of it's volatile nature. So any news that appear related to BTC will affect it somehow. This China banning news, and as it is,I guess a big market for bitcoin, will make the value of bitcoin decrease. And in these last days, there are more bad news than good news for bitcoin. Hope we can get better news for the future and raise it's value to new limits.

I don't think this is their primary concern.

They want above all to control financial transactions, so bitcoin is a concern because it cannot be controlled as much as they would like.

There was a time earlier when China dominated the whole bitcoin world.Bitcoin investors used to keenly watch the situations in china related to bitcoin to either invest or sell bitcoins.That was a huge dominance.Using that situation,chinese exchanges created fake trade orders and manipulated bitcoin price.Even chinese investors dumped their bitcoins at once and made bitcoin price to fall down and they just once again bought those bitcoins at a much cheaper price.Huge manipulation of price.Bitcoin mining farms located in large numbers in china was also a reason for this upper hand.But,now after legalization of bitcoin in japan and most countries soon to legalize bitcoin and mass adoption of bitcoin all over the world and bitcoin getting investors all over the world,situation has almost changed upside down.Now,china is no more in a stage to manipulate bitcoin price.But altcoins have very small market cap when compared to bitcoin and even one or two big whales could manipulate price of altcoins and china is not need for it.

I think it's possible for them to manipulate the price of Bitcoin and other altcoins. China has one of the biggest volume in the cryptocurrency market, if one of this biggest volume brings bad news (fud) to the cryptocurrency, the market will likely to dip but if it brings good news to the cryptocurrency, the market will be likely to be pumped.

Okay, let’s say it wasn’t banned by the Chinese and they’re still trading on the platform. By the way, what’s making the price drop? Is it because lots of people are starting to make withdrawals? I guess that’s the only option that will make the price drop so low to $4,100+. Well, good opportunity to buy Bitcoin lol.