Jihan Wu crashes the Bitcoin price

[alyssa85]

The price crashed because the PBOC people made a statement. See



They are not closing the exchanges for the moment. That implies that if they find any shennanigans, they will close them.

And they are blacklisting certain addresses (presumably those owned by people who failed the AML checks).

[CyberKuro]

Mining mogul Jihan Wu single-handedly crashes the Bitcoin price by supporting BUcoin.

Dumb low IQ Roger Vermin and the rest of delusional BUcoiners celebrate that Antpool mined some BUcoin blocks. Just hours later, the price crashes into oblivion.

The Powers That Be failed to hack bitcoin, but they might as well kill it by good ol "divide and conquer".

Good job, Jihan, now you'll soon be emperor of a worthless token.

If you believe that, how in the world is Bitcoin decentralized when one person can crash the price?
Is China really in control?

Of course this is nonsense that Jihan Wu crashed the price. A few weak hands sold off, good riddance! These weak hands don't understand Bitcoin anyway.

Every person who has big amount of bitcoin and turn out to be another coin supporter will affect bitcoin market and people may trigger to sell out as well. But, I agree that decentralized idea of bitcoin can not be manipulated by few person due to there are a lot of other bitcoiners who won't do that. One and another person walk away from bitcoin, it's not a big deal as many people will join and replace them.

[kwukduck]

What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.

[quake313]

What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.

There are other ways to fix the system instead of giving more power and control over to centralized China.

[gijoes]

What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.

Most people don't really have a clue about what's really going on here and now: https://medium.com/@lukeparker/the-trust-attack-a6241a08a9cd