I'm glad  you guys are noticing this and saying something about it.

Now what I want to ask is, do you think it has something to do with what I posted about here?:

https://bitcointalk.org/index.php?topic=1747889.0

These are steep-assed rises and subsequent falls in Chinese trades that look really off to me. Either these are massive, instantaneous buy-outs of all the cheapest bitcoin offers or else some weird stuff is going on.

Where do you think we learned it from?

Name me a country that you think is a bunch of saints. Saudi Arabia? Russia? Germany? The UK? Japan? China? South Africa? Israel?

Go ahead and name for me some saint country and we'll have a discussion. I can tell you one thing, during the Bush regime I started looking at other countries to move to, and in the end I realized that it was best to keep my butt exactly where it was. There is no other country I would rather live in.

Here are a couple other incidences of this I pulled off of the charts of Chinese trading:





The chart from the OP was from earlier today. The first one in this post is from January 7th. The last one, from December 12-13, shows a sharp rise that took place in a little over a minute, and then you see when it came crashing back down about 2 hours later it went a lot deeper than back to its previous level.

The same is visible in the other two charts, that when these "mini bubbles" (for lack of a better word, because I have no idea what is causing these) burst, they cause more selling to take place, so the chart dips even more than where it was originally. Also notice that right after the sharp rise in purchases, when the price suddenly shoots up, it is also inspiring more buying that takes a more natural-looking curve before the sell-off begins.

People talk about large volume trading and I'm still wondering, is this what it looks like on the charts? Or wtf is this? Whatever it is, it's happening in China but not in the American markets, at least that I've seen so far.

I realize that prices can go up and down and that I take a risk by investing in Bitcoin. But I have never seen anything in any stock market like a straight vertical line representing a jump in price of hundreds of yuan in a very short amount of time... and then maybe a couple of hours later or so it falls right back down to where it was before, but yet the sudden drop in price seems to encourage further selling off. I've seen it happen multiple times lately and that's what makes me think this is some kind of manipulation.

People talk about fake volumes of Bitcoin sells coming out of China. Is this what that looks like on the charts? This is only happening on the Chinese market.

I might go back and take more screenshots later if people need more examples of this to investigate.

I just realized I probably should have posted this in the "Beginners & Help" section. Maybe a moderator can move it for me?

I'm just joining up with the conversation here but I agree that the Euro is over.

If it isn't completely dead then it will crash substantially later this year.

Why?

One of two things:

Len Pen wins in France. Or the AFD or some other party deplaces Merkel in Germany. Len Pen wants to return sovereignty to the French markets and if I'm not mistaken the AFD wants the same for Germany. Either would end the European Union project when coupled with Brexit, the Italian vote, popular sentiment against the EU, etc. So the Euro as a currency may become non-viable by the end of the year. And good riddance, I say. The EU is a fascist organization that overrides national sovereignty by bureaucratic dictate and has passed more laws like that over member nations than even the USSR did.


To be fair, the people who posted the above did so before the Brexit vote occurred last year.

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What people should be thinking of now is not whether or not the US dollar will crash (maybe it will and maybe it won't), but what introducing alternative currencies to the US would mean. It's not clear what the Trump administration will do, but there have been clear signals that Trump is anti-Fed. First they will pass bills to audit the Federal Reserve but in the long term Trump may seek to dismantle it completely.

If the Fed is dismantled, we may move back in the direction of trading with gold and silver coins, and maybe even Bitcoin itself, on top of the US dollar. Effectively diversifying the national currency seems like something a business mogul like Trump would be interested in, in order to strengthen our domestic economy and not put all of our eggs in one basket. And for most of US history, gold and silver actually were traded directly as currency, along with scrip for various goods that could be redeemed at stores.

I'm relatively new to watching Bitcoin charts and I've been seeing something very strange in the Chinese trading that I don't understand and frankly looks like some kind of market manipulation to me. But I want to ask to see if there is some other explanation.

This is the kind of thing I'm talking about:



The price will go straight up, like instant vertical wall, and then stay up around there for a bit, and then crash for about the exact same amount all at once again just a little while later.

I've seen this several times recently and always on the Chinese market. Can someone tell me what is going on here?