Bitcoin Forum

If China creates FUD, saying they'd ban this and that, then when everything drops they rebuy.
They probably hold the most coins of every country?

That's true, and that's disappointing.
But remember, his government created the fud, and not his people. Because, as far as I know the people of China are very enthusiastic about the things that smell crypto, we will see after several weeks, bitcoin price will surely go back up the surface after 2 weeks of drowning.

It might be true because their activities related to bitcoin were always suspicious.News related to china was earlier mostly used by FUD spreaders mostly to create panic among newbies and make them sell their coins.But now its no more possible.Now even FUD spreaders hardly search other factors to create panic in the market.Now at current stage,news about south korea has an impact on crypto prices.China does not hold any crypto coins and actually they are not in need of it.

They wont ban it totally,they will regulate it just like what korea will do,so nothing to worry about always remember this weak hands falls hodlers will win.

China is a big player in the Crypto world and it can manipulate the market in such a way, we could see now! But the last manipulation cost China a lot, because of the movement of some big investors abroad. So I hope this ban will cost them even more.   

I have no idea if it is China or they are just being used as a excuse , but is clear the  market is being manipulated.
Problem now is that a lot of bankers and hedgefunds are into trading crypto , these guys have the money and knowledge to control this market , and i think it is happening now.

It's just recent history repeating. Time and time again we see announcements regarding bans/regulation etc, it's a no brainer that there will be officials cashing in on such FUD. Of course, there can be a progressive and cumulative effect of these announcements.

I've had a bear attitude since Gox, and crypto has surprised me over and over again with the rise of the last 12 months.

Why are we thinking China did this now? Wouldn't it make more sense for the Koreans to have caused this noise of late and then scoop the market when it is low. I don't disagree that there is some manipulation going on but cmon it isn't always the Chinese! :D

china has been playing this game for a long time now, every once in a while saying that they ban bitcoin or something like that. and it works every time.

The problem is that you never know if it's just manipulation or serious thoughts about banning/regulations that would kill cryptocurrencies. That's why people "panic" [or are smart enough not to risk all their funds/ or just sell it because they know price will drop and they can re-buy it later cheaper]

Maybe more of a mass cash out because of the news. China is good at manipulating the price of Bitcoin and we already saw that back then and we saw that Bitcoin bounced back and recovered from that bloody plunge. We should be hopeful on times like this, we have been on the same page every year, panicking on something that we all know Bitcoin will get through, we just need to wait.

that's right, I think it's one of their ways to get huge profits, they make a lot of people panic selling, then the third cheap price they buy to bring great results, it often happens in every year, that's the way they do .

I think this could happen.
China is the economic, financial and military power.
They can manipulate the market and make it turn around.
The ban is limited. I hope the ban better.

I love how china is doing this... theyre smart tbh ... thats how they did it in the past and thats how they might continue to do it in the future

No one can deny that this is happening, but no one can prove it either. I am personally of the belief that Bitcoin is currently far too small for a country as big as China to bother with. What's clear is while they could have been contributing to dips with all their internal FUD, they never put out news that may help Bitcoin's value rise. If they're truly manipulating Bitcoin for their own gain, then it would make more sense for them to go both ways, no? Either way, this is all conjecture at this point, and I could be completely wrong.

Also, I don't think this recent slide was caused by China. The market was largely lukewarm towards news about their mining restrictions, with some even thinking that it would be good for Bitcoin in the long run. This is probably just normal market correction, given that Bitcoin grew by more than 100% in less than two months.

I find the wallstreet short/long theory more plausible than this one.

And then there is this trend that has held for 4 years now where the market always dips hugely mid february.

I agree with you. the main puppeteer is china. I think anyway eventually china will rejoin it with crypto. this is a big loss for the country and the people of china.

Obviously, someone used to manipulate the market in the past week. I saw in the telegraph group that some Chinese media made some FUD, which might be convenient for those big players to get more market counters. I still stick to my bitcoin.

It is very clear that there is a manipulation from some where. It is now left for people that are wise to hold their peace because I know that
 no government or individual can kill bitcoin or blockchain technology.

This is a very accurate statement. Everything went according to Chinese staging and they were very successful. New entrants to the market have been frightened of Chinese moves and sold out everything they have. China is the nation that holds the most popular coin, which gives it the ability to control the market in their own way.