China Has a Trick up Its Sleeve

[LiteCoinGuy]

China Has a Trick up Its Sleeve

I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.

https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/


and the chinese love Litecoin too 

[suda123]

China Has a Trick up Its Sleeve

I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.

https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/


and the chinese love Litecoin too 

soo soooo buy litecoin?

[Lucius]

Excellent article which should certainly be read to understand why China plays such an important role for Bitcoin recently.Article in The People’s Daily – the official newspaper of the Chinese Communist Party clearly shows that they have a positive opinion about Bitcoin.

[tyz]

If I got the article right, the writer wants to tell us that Bitcoin is performing better when China's economy is doing worse.

[Amph]

soo soooo buy litecoin?

i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thing for bitcoin when the halving come

[Denker]

soo soooo buy litecoin?

i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come

Yes there was a Litecoin ponzi scheme in 2015.
I remember price shot up to $8 I believe and then got dumped.
There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum.

Here an article I've found.
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/

It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.

This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!

The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.

[abs350]

China Has a Trick up Its Sleeve

I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.

https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/


and the chinese love Litecoin too 

Ok thanks for this article very interesting.

What do you think about Euro / US dollar next year??

[defaultking]

Thanks for sharing. Very interesting read. Gives me a lot of confidence about the future of bit and litecoins. Hope to read more in the future.

[LiteCoinGuy]

China Has a Trick up Its Sleeve

I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.

https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/


and the chinese love Litecoin too  

soo soooo buy litecoin?

i guess you should do that when you already own bitcoin Mr  


@abs350

Fiat is doomed.

[pereira4]

Well, there are some super avid chinese scammers out there, look at the MMM global super ponzi scheme, it was a success, so much people involved.
Litecoin will always have that extra edge on the rest of alts since its in the global conscience of people "the original alt". BTC is king, and LTC is king of alts, so LTC will always be prone to get a good pump when king starts running to the moon again. Im not gonna risk it tho, all in for BTC.

[BitcoinNewsMagazine]

Very well written article, thanks! Passed on by Twitter and Facebook.

[abs350]

China Has a Trick up Its Sleeve

I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.

https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/


and the chinese love Litecoin too  

soo soooo buy litecoin?

i guess you should do that when you already own bitcoin Mr  


@abs350

Fiat is doomed.

Yes curious your article was actually very very good very clear analysis of China and global economy. However you dont have any idea about EUR USD??? Seems a bit strange to me

[mixan]

If I got the article right, the writer wants to tell us that Bitcoin is performing better when China's economy is doing worse.

I believe the same thing will happen to the Russian economy this year as well. But it will just take some time for it to occur to them not to ban something that will eventually take over their own economy one day. It will be out of a sense of fear if they do ban it forever to use it.

[HarizDB]

Very interesting reading with some good points. You really do poses a fantastic ability to simplify a rather complex scenario to plain understanding English.

[oblomov]

I think your analysis is spot on.

Chinese investors are already shifting assets to BTC, in my view, and this explains at least some of the price increase since August.

[randy8777]

soo soooo buy litecoin?

i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come

Yes there was a Litecoin ponzi scheme in 2015.
I remember price shot up to $8 I believe and then got dumped.
There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum.

Here an article I've found.
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/

It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.

This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!

The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.

litecoin is much easier to manipulate. if the same guys will also try to do the same with bitcoin, then they probably can get the price up by $50-$100 at most. which is still a great increase. i only don't like that the price gets dumped down afterwards. these kind of price increases are not what most people are looking for.

[eternalgloom]

soo soooo buy litecoin?

i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come

Yes there was a Litecoin ponzi scheme in 2015.
I remember price shot up to $8 I believe and then got dumped.
There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum.

Here an article I've found.
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/

It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.

This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!

The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.

litecoin is much easier to manipulate. if the same guys will also try to do the same with bitcoin, then they probably can get the price up by $50-$100 at most. which is still a great increase. i only don't like that the price gets dumped down afterwards. these kind of price increases are not what most people are looking for.

You'd need quite a large investment to influence the price like that though... Not saying it's impossible, but unlikely to happen any time soon.

[tyz]

When the Fed is going to realize it plans to increase interest to 1.6 % then we will see EUR/USD parity or probably about.
There are too many elections and callenges for European Union in order to assure a stable currency.

China Has a Trick up Its Sleeve

I wanted to write this, because I’ve noticed a general unawareness of global macroeconomic trends that are currently playing out in the world. I’m interested in how these trends will affect certain asset prices – especially bitcoin. There’s been a lot of chatter about whether Chinese capital flows have previously and presently affected the bitcoin price. I wanted to put forth my two cents on the topic.

https://myownmasterblog.wordpress.com/2015/12/31/china-has-a-trick-up-its-sleeve/


and the chinese love Litecoin too 

Ok thanks for this article very interesting.

What do you think about Euro / US dollar next year??

[randy8777]

soo soooo buy litecoin?

i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come

Yes there was a Litecoin ponzi scheme in 2015.
I remember price shot up to $8 I believe and then got dumped.
There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum.

Here an article I've found.
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/

It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.

This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!

The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.

litecoin is much easier to manipulate. if the same guys will also try to do the same with bitcoin, then they probably can get the price up by $50-$100 at most. which is still a great increase. i only don't like that the price gets dumped down afterwards. these kind of price increases are not what most people are looking for.

You'd need quite a large investment to influence the price like that though... Not saying it's impossible, but unlikely to happen any time soon.

market movers have very deep pockets, especially when they operate as group. it can happen at any time, if it isn't now, then maybe a few months later.

[Arcteryx]

soo soooo buy litecoin?

i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come

Yes there was a Litecoin ponzi scheme in 2015.
I remember price shot up to $8 I believe and then got dumped.
There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum.

Here an article I've found.
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/

It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.

This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!

The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people.

litecoin is much easier to manipulate. if the same guys will also try to do the same with bitcoin, then they probably can get the price up by $50-$100 at most. which is still a great increase. i only don't like that the price gets dumped down afterwards. these kind of price increases are not what most people are looking for.

This is very true. Since I was into litecoin it was $2 and decreasing. Now I check and it has almost doubled since I started receiving them 8 months ago. Something driving up the price since I always thought it was in conjuction of what bitcoin was doing but since bitcoin has not doubled in the last year something else is causing this rise in price.