Bitcoin Forum

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?

Impossible to know.
But one thing is for sure, all of us, holders on this forum, are just spectators.
That's also the reason why many don't trust Bitcoin and hesitate to buy, because the price has always been volatile.
In the end, I don't really understand these people, since if you don't trust Bitcoin, you can still buy and sell short term. I mean the risk to lose in the short term is very small right now.
Just my opinion, not an advice.

I Think we will see a deep correction after mark of 10k$ usd, Whales need to fix their income. Do you know anybody from BIG whale investors who invested more than 100k$ in crypto? They think it`s not reliable investments.

There is no question! Yes they did.
It was well planned and it worked.

To be sure, the Chinese government will not sucker. They want to exclude bitcoin, because bitcoin is centralized. Cannot control
I think the biggest beneficiaries of this matter are the early miners.

I always suspected China was manipulating Bitcoin. With the recent hostile stance towards it though I have more doubts. I think the general feeling is that the Chinese government doesn't understand the technology. I think this is genuine mass-adoption. Digital currencies are gaining steam, I teach English on the side and all of my students are interested in Bitcoin.

  Sure. Master of the game always wins. China is the biggest miner in the world and it also bigest hardware manufacturer, they can do whatever they want go get profit. Who feeds a girl dances with her

I think it’ll hard fork after $10k. Also, others are attempting at propping up NEO, so it can better compete against BTC. I think the BTC rush is mainly Wall Street off shoots preparing to get into the market next year. One announcement has already been made publicly about CME wanting options trading & planning starting negotiations Dec 11.

 ??? ??? is this the next level plot by the Chinese governmen??  ??? ???

We can't tell exactly what really happened from their side. But, they influenced the price of bitcoin. For all the bitcoin holders, just be very careful on how you manage your coins. Sometimes, panic selling is the last resort when bitcoin price starts to go down and now look at the price, such overwhelming price of btc!

I see you had interesting point, but we are only members here and no one pay attention to our words. China may thought if they ban or kick to Bitcoin then the price will fall, but Bitcoin had proved by becoming triple of $3500.

I think many chineese might began disliking to their Government because these price of Bitcoin and Altcoins increase.

It's NOT only China alone, remember Dimon also joining the piling FUD of the people in whole world during that time everybody cash out their money. It is possible that China strategically do this but we cannot say the truth here, we don't know any Chinese person who can expose them but the only fact here is that some of them have their own bitcoin and the one of the big Mining equipment is in China, so possible that a lot of Bitcoin holders are there, the possibilities of Bitcoins dump on price can happen when these Chinese Bitcoin Holders sell their Bitcoins. Great Manipulation, but we do not have concrete evidence so it will still remain a speculation.

News of China`s ban/regulate was a shock for bitcoin community. China was the biggest trader and bitcoin minor of bicoin currency. I think China was the biggest revenue generator of bitcoin currency. Due to cheap electricity and low labour cost bitcoin mining was in full swing. China is a communist country, so it is hard for the government to control or supervise such a decentralise currency. So by giving security reason they banned bitcoin transactions. This news panicked bitcoin market, resulting in sharp 20% fall in bitcoin price. But it was a temporary setback. Bitcoin community showed faint/trust in bitcoin. Because of this bitcoin today crossed $9700 mark.

it is a valid point, since they didn't ban mining, or hardware manufacturing related to cryptos, could the chinese have trolled everyone  ???

great point dude

They are powerless and their threats and ban on exchanges  have been reduced to nothing. I don't think any government will be able to successfully ban bitcoin without shutting the internet and so i don't think they could have trolled anyone.

What does China have to do with the increase in prices of BTC since they stop all trading and shut down all exchanges few months ago?Even if they shut down all mining operation and introduce the death penalty for the use of BTC,it certainly would not end cryptocurrency.And you had the opportunity to triple your money only if you have some BTC in your wallet and do nothing.


100k$ is nothing,big players invest millions few years ago in BTC,just check Tim Draper who invest 18 million $ back in 2014 and predict 10k$ price in next 3 years.There are many smart investors who made fortune on BTC,they do it also today.For ordinary people 10k$ for BTC is expensive investments,but for those who have millions or billions $ it's actually pretty cheap.

Nah. I do not think the Chinese government bought the dip. Instead, the Japanese and Americans took up the slack. They did not ban exchanges because they have a vendetta against bitcoin. Their economy has cracks in it and they were desperate to plug them.

Funny but that is a likely possibility. Imagine those chicky eyed millionnaires chuckling while the market went crazy when they banned exchanges with the intent of buying cheap. Great strategy however annoying it was.

I dont think there is still effect from chinese traders in the market as they cant trade cryotocurrencies for their local fiat. So they cant manipulate the market like they used to before. However i also dont think current surge will be stable.

This is beyond stupid.
So they dumped their coins, cut of all exchanges and then they watched as bitcoin went up to 10k , with no coins in their pockets and WE are the suckers?

What kind of twisted logic did you use to make this assumption?


How did they trolled anybody? How????


Irrelevant. They just mine coins and sell them on the market.
There is no usage in China, there are no longer any exchanges (with a lot of fake volume), and most important , there was never real life usage in China.

End of the story!!! China is no longer relevant for cryptos.

Very funny matter...China never trust bitcoin & they banned bitcoin... After banning by China,everybody thought that the future of bitcoin is gone...But now without China,Bitcoin already reach near 10000$..I think now,China people are regretting to see the price.. ;D  ;D

The ban did little effects on bitcoin but it did not last that long, bounces back immediately then prepares to launch the rocket to fly, but the possible reality is that the Chinese gov't and some big miners/investor have their money tripled or in the other way is that they have no connection to bitcoin at all these present times as the ban still active in the China.  

It is decentralized not Centralized, bitcoin has No central authority unlike banking systems with the Government and greedy businessman behind it, the blockchain is one of the reasons why it is decentralized, benefits of this burst is not just about the early miners but the Bitcoin enthusiast and the supporters who continue to hold their coin.

There's lots of theorising about Chinese folks heading to Korean exchanges. I really don't see how this is possible unless they stay crypto only throughout. It looks extremely hard for a foreigner to get fiat in and out of Korea.

If China had stayed in the game, and especially if the zero fee exchanges were still going, we'd probably be nowhere still.

China fucking off has been the most bullish thing in a long time. If Chinese miners all quit then we're golden, but they won't.

Who knows, but I don't believe China is behind the recent increase in the price.
I think the recent surge in the price is due to new money coming in like always, and FOMO from the general public that don't want to skip the chance to have some coins before the 10k mark, also, the news about the CME bitcoin futures coming into play in two weeks could be playing a big role behind the scenes within the big financial companies that are getting ready to enter the btc market. It's a combination of several factors rather than a single country pumping the price and manipulating the market to make profit.

You are absolutely right, just imagine how much they are making from transactions fees!

I dont think China was behind it, instead look at Korea and Japan. Korea is heavily invested in bitcoin and bitcoin cash!

You got it totally wrong man, China always trusted anything to fuck USD, but it will never announce it!

China man China! What Korea & Japan are next I China minors plus China shadow Gov or deep state!
Bitcoin will be own or control by Chinese Gov, same as Ether is contrôles by Russian Gov...
Watch and you will see it clearly soon.

I don't think so. When we saw the China ban on ICOs and the suspension of exchanges, we had a major drop in bitcoin and then it recovered but I don't think they were the ones buying it. I actually think that we only saw the Chinese citizens swapping from Chinese exchanges to Japanese ones. So most of the bitcoins probably stayed in the same hands. I don't think the Chinese government likes to speculate, and although I like bitcoin, and I hope they will have a future, in the end that's what I doing. I'm speculating, even though I hold more than what I trade, but it's still speculation.

Their ban was real, and they might accept them again so they can try to "control" them, and at least get some taxes out of it, but I don't think they like them, and that they are buying them for profit. They really want them to fail.

Many people from china also doing of trading with bitcoin.Bitcoin is best place to keep your holding money.Bitcoin is not fully banned in china and all.Many are doing trading and mining in China.It's not possible to abolish bitcoin from any country fully,bitcoin gaining is strength day to day.

let me understand better What did they ban exacly? Only exchange fiat/btc? It's not a great way to stop btc i think...

maybe you're right man..they have trolled us..

There are big players in China for sure but i dont think it is all behind China. They did play it very smartly though, the way they manipulated the market!

Thats the way big traders make money. They sell right before it falls in price and then when its on the bottom, they buy again before it goes up. China might have sold before the announcement, then bought back when it was at the correction/lowest point. This way they could have made more BTC/$$.

There is a conference blockshowasia in Singapore ..did anyone hear about? Im staying there and thinking about possibility to visit

It is possible china has contributed on this bitcoin price drops then suddenly recover. But I think there are other countries has also contributing or has the role in this bitcoin price movement. Yes i think korea and japan also.

Reading the policy lines, I think China probably missed the boat as they tried to cut out the financial risk that crypto risk might introduced to the main economy. They probably see too much down side unlike Japan and Korea who are well behind crypto.

I think there might well be a come back from china, when they think the time is right. And when they do come, we will see the next massive wave of increase of bitcoin.

No. I also don't  think the Chinese government bought that much

yes they cant do that cause only internet can stop bitcoin to progress but as long that there is a internet no one can ever stop for it and as far as i know that china ban this but not as totally and they dont intention to ban this just to stop bitcoin cause even though they can back bitcoin for again.

I don't think so Chinese government doesn't understand this blockchain technology. But i do agree, as my opinion this is such as scenario. China ban bitcoins, they looking for dip price. Later they pump Btc with buying as many, makes the price going high. China always take into account the economic benefits.

You theory makes sense, the problem that is not possible to back it up unless an insider proves with legit claims.

i bet that is true. welcome to the financial world where no one can be trusted. not even a CEO of JP Morgan and a government. this is the fact.

One thing for sure is that during the pump, people cannot spread rumors about china banning bitcoin anymore.
In the past how many times have such rumors lead to major dump of bitcoin?

I do not think only China. All of the whales have come in and made the price. But the bitcoin value increases with our beliefs. that made me happy ^^

China is pretty hostile to bitcoin, its not something they can control and competes with their Yuan

An individual or an organization can not make a bitcoin. There are a lot of big men involved. bitcoin prices are increasing. That is a good signal for us

I don't think any connection between price bump and China ban,the price of bitcoin is increasing due to many people started to trust the bitcoin so they will make huge profits in the future by investing now.
We knows that bitcoin price is increase when the demand increase so the price increasing because of more investors.At the time of China banned bitcoin huge price fall occured because China is the most populated country in the world so many investors are from china so it affects the price when china ban bitcoin.
After that more people from other countries started to invest on bitcoin so the price of bitcoin increased.So no relation between china ban and bitcoin rise in my view.

absolutely they did, they always want to earn and no other way to lose, so they ganna make some tricks to make them more profits. whales  always can do what they want, they can manipulate even this crypto (bitcoin), china is one of the big investors and miners all over the globe so they can role some things in their own hand.

An interesting hypothesis. Following this logic, we can assume that when bitcoin will cost $ 10,000, we should expect a very strong fall.
Maybe even below $ 1,000.

I don't think so, China has nothing to do with pricing of bitcoin it was just that timing when China declares bitcoin ban while the value is dropping. The reason behind bitcoin pump and dump is simply because that is the nature of bitcoin it keeps fluctuating especially now the the demand keeps increasing. There's more pump and dump to be expected in the coming years and no country will be held liable for that.

No. bitcoin is not owned or controlled by any government or corporation. Bitcoin is peer to peer and fully decentralized. Bitcoin value tripled because CME announced introducing bitcoin trading on their platform this December. 8)

I am not sure with this but the chinese government has the possibility to did this and they are watching until now. but now, I think not just china that want to make a big money but the other country wants too and they have their chance. and if the price still increases, then many people will make a lot of money and the government will have their own money too. but I don't think that the ban from china will give effect for bitcoin price especially now, many people from other country know that bitcoin will increase more.

You yourself said China was the reason behind the drop. Many of the Chinese investors sold their BTC and left the battlefield. The price was dumped since the investors kept on selling. They would not have tripled their money but had regretted of selling their coins at such prices. Bitcoin has reached $10,000 and the holders are pretty happy on seeing BTC achieve the target quite sooner then expected. China will still be regretting their decision of making that dump.

China banned bitcoins and Chinese investors are focusing heavily on bitcoin and large sharks

My oppinion is that bitcoin market cap is too big to allow its prize to be manipulated by single player.

That's a really hard question. My opinion - no they didn't, that's not such a big amount of money for China

this is just some conspiracy theory that you have.

in fact from what I have seen China has never been behind any of the drops. the FUD containing the word "China" was the reason though but that doesn't mean the Chinese or their government is responsible!
everyone loves FUD, when we know we can make about 30% profit in just a couple of days because there are weak hands in the market that can be shaken out easily with the lie about some "boogieman" figure that is out trying to kill bitcoin!

That's a good assumption. We know that china is a big player in the cryptocurrency market and during that time, many people though that china pulling out on exchanges would cripple it hence the panic. We may possibly have been toyed there by c
The chinese and they're probably enjoying this btc rise more than any of us

Yeah that price dropped is when china government banned bitcoin in their country and announce it worldwide, this made me think that it will be held to a series of dropped. but now bitcoin is unpredictable in terms of value hopefully it will last long.

This is not a proof that china is in profit or not. But one thing is for sure, whoever is the person /groups behind the price drop is the one who always buy at lower price and then manipulates the market and pump it again for his own benefit. JP morgan did the same and got a lot of money and so are other big investors. Small investors and traders never know who is behind the pump and dump of bitcoin.

IMO. That is the thing about the rich people. They have the financial power to manipulate the market especially in crypto. I remember during the period when there are so many fuds and bad news from China, these people can even make the news reporter come out with fake news.

It could be possible that the Chinese people are behind the recent volatility in market. They have a huge population in their country and the volume from their trades are affecting the rise and fall of bitcoin's price. But, it does not mean that they can control the market. Bitcoin is across all countries and there are those big companies who are investing in bitcoin discreetly. Most Chinese are business minded and they have a belief that even though the profit is small, in the end, it's still a profit.

China really has the most numerous equipment for mining bitkoyna and a large number of miners to extract bitokoyn. However, it turns out, the policy of the Chinese government first to ban mining, and then use electricity for this, is not entirely reasonable. As we could see, many miners began to look for countries with a suitable climate, electricity price and loyal legislation with respect to the crypto-currency, where it would be possible to obtain bitokoyn profitably. In particular, some of them settled on the Quebec provinces in Canada for such mining. It seems to me that China loses its potential due to its stupid position with bitcoin mining.