Fucking Chinese!

[RawDog]

Wow!, those fucking Chinese people are crazy - eh?  When they look through those funny slitty eyes and see dollar signs, they go nuts buying up shit.  They'll run the price through the ceiling.  Better still is watching them panic.  The way down can be twice as hostile.  At least they bring excitement to the community.  Gotta love China.  Natural born gamblers.

[Wendigo]

Yeah mate Bitcoin has been acting absolutely crazy the past couple of days. I don't know what's going on but it seems the price hike is due to the Chinese buying up tons of coins but I am really concerned with what will happen to the Bitcoin price when they start selling.
I think a panic sell by the Chinese will create a domino effect that could crash the price back to the $250 realm. I am going to sell when it gets to $1000 because I think this will be the tipping point.

[Jeremycoin]

Yeah mate Bitcoin has been acting absolutely crazy the past couple of days. I don't know what's going on but it seems the price hike is due to the Chinese buying up tons of coins but I am really concerned with what will happen to the Bitcoin price when they start selling.
I think a panic sell by the Chinese will create a domino effect that could crash the price back to the $250 realm. I am going to sell when it gets to $1000 because I think this will be the tipping point.

Are you sure about that, $1000 is the best price to sell? Do you think it won't goes even higher?

[traderethereum]

Wow!, those fucking Chinese people are crazy - eh?  When they look through those funny slitty eyes and see dollar signs, they go nuts buying up shit.  They'll run the price through the ceiling.  Better still is watching them panic.  The way down can be twice as hostile.  At least they bring excitement to the community.  Gotta love China.  Natural born gamblers.

Chinese people use their strategy, there are not wrong about that and they are not crazy. It is just strategy for get profit.

[btc_zero_sum]

chinese miners are pumping btc to keep it profitable to mine a little longer and cash out before the halving

[Paashaas]

The Chinees are buying coins to escape the Yuan, they want to hold and secure there wealth.

[pedrog]

Yeah mate Bitcoin has been acting absolutely crazy the past couple of days. I don't know what's going on but it seems the price hike is due to the Chinese buying up tons of coins but I am really concerned with what will happen to the Bitcoin price when they start selling.
I think a panic sell by the Chinese will create a domino effect that could crash the price back to the $250 realm. I am going to sell when it gets to $1000 because I think this will be the tipping point.

Just a small story from 2013:

I sold my entire lot at $200.
Last time is was the Cyprus effect. Now I see many threads on here talking up the China effect. Baidu alone cannot justify the price rises we are seeing. It's not 'different this time'. Baidu is just one small step of many, and the price should increase a bit based on this. But exponential growth - come on, really?
It'll come back down just like last time, then I'll buy back in.
Update: http://www.reddit.com/r/Bitcoin/comments/1oz6x9/long_term_holder_why_i_sold_all_my_btc_200/ccx9cpz

https://www.reddit.com/r/Bitcoin/comments/1oz6x9/long_term_holder_why_i_sold_all_my_btc_200/

This was the last time bitcoin was that cheap.

And the update:

Ouch, I'm getting a lot of hate on this thread.
I bought a lot bitcoin in March as an investment at $80. To my astonishment it went up to well over $200, then all the way back down to $80. I kicked myself for not selling at $200 as I was only looking to make some money. So I forgot about it and waiting for it come back around, and then sold at the target I always had in mind - $200. Took the money, thanks very much.
I'm not a bitcoin evangelist. I'm a speculator, and I did alright (eventually).
If it takes a big dive, sure ill buy back in. Otherwise I'll take the cash. Either way I'm happy. I'm not going to cry if it goes to $1000 or whatever. I took a healthy profit. I'm not chasing losses.

https://www.reddit.com/r/Bitcoin/comments/1oz6x9/long_term_holder_why_i_sold_all_my_btc_200/ccx9cpz

And guess what, a month later it really went to $1000.

[7788bitcoin]

Wow!, those fucking Chinese people are crazy - eh?  When they look through those funny slitty eyes and see dollar signs, they go nuts buying up shit.  They'll run the price through the ceiling.  Better still is watching them panic.  The way down can be twice as hostile.  At least they bring excitement to the community.  Gotta love China.  Natural born gamblers.

Ha... I guess you love them right? It's night time in China so I guess we won't see too much action for the next 8-10 hours...

[phreaky]

The Chinees are buying coins to escape the Yuan, they want to hold and secure there wealth.

The Chinees are messing up everything to secure there own well being. I hope that some kind of solution is coming for this because it is not the way I want it to go.

[Amph]

The Chinees are buying coins to escape the Yuan, they want to hold and secure there wealth.

if they are really doing this massively, then prepare for 10k in a short time, also add tot he fact that more panic buy will join the party from all around the world, and you have a very big marketcap coming

[mayax]

chinese miners are pumping btc to keep it profitable to mine a little longer and cash out before the halving

great point. someone realize that this is a price manipulation which has started from chinesse exchangers. fake volumes, fake companies, even their shit is fake in China  LOL

[Hazir]

The story behind bitcoin's latest price surge is, as I managed to find out - is most likely a combination of these events:

1. Chinese speculators and depositors are buying BTC either to invest in it, or to transfer it over the border and then sell.
2. Anticipation of incoming halving is additional factor.
3. USA market is living in anticipation about negative remarks from the FOMC statement.
3b. Also latest US jobs report was a huge disappointment - US investors are anticipating dollar crash because of that.

[Ardenyham]

Yeah mate Bitcoin has been acting absolutely crazy the past couple of days. I don't know what's going on but it seems the price hike is due to the Chinese buying up tons of coins but I am really concerned with what will happen to the Bitcoin price when they start selling.
I think a panic sell by the Chinese will create a domino effect that could crash the price back to the $250 realm. I am going to sell when it gets to $1000 because I think this will be the tipping point.

Are you sure about that, $1000 is the best price to sell? Do you think it won't goes even higher?

After seeing bitcoin price keep increasing constantly I'm pretty sure that bitcoin will cross 1000$ at the time of halving. it may reach 2000$. but Yes, The Crazy Chinese are playing a big act with bitcoin. if they decide to sell their coins Immediately before halving. and sell all their coins. then the bitcoin price will may not even reach 800$ or may be it will get down.
but I don't think china Industry will do such stupid thing.

[c789]

I'm trying to find the source and will post it when I find it, but I read somewhere that one reason the Chinese are into heavy buying is because their government's firewall would cause Chinese miner problems if the block size were to increase. Many anticipate the block size to be increased soon because the blocks are nearing transactional capacity. So, they're buying now while it's relatively easier for them to do so.

EDIT: Here's the article: http://www.nasdaq.com/article/why-the-great-firewall-of-china-is-causing-serious-issues-for-bitcoin-miners-cm585604

I completely agree with Hazir too.

[X-ray]

chinese always use possible way to earn money as much as they can,i've seen people there even selling uncommon thing just for money
bitcoin is one of them!

[RawDog]

chinese always use possible way to earn money as much as they can,i've seen people there even selling uncommon thing just for money
bitcoin is one of them!

Yeah, and the scrotum of a white tiger is another.

[hellomolly]

Wow bitcoin going up so high, I can't wait for it go go back to the good old days of $1000

[DeathAngel]

The Chinees are buying coins to escape the Yuan, they want to hold and secure there wealth.

The Chinees are messing up everything to secure there own well being. I hope that some kind of solution is coming for this because it is not the way I want it to go.

They're making the price of bitcoin go up, how is that a bad thing? It's fantastic, unless you don't own any bitcoin's.

[Lauda]

chinese miners are pumping btc to keep it profitable to mine a little longer and cash out before the halving

No. The Chinese investors are going into Bitcoin to escape Yuan, not to convert back after the price has reached X amount. Obviously, this isn't a stable rise and a correction is expected, but everyone is being hyperbolic about it.
This thread is pointless and possibly in the wrong section. Why do you hate the Chinese? Are you a Trump supporter?

[electronicash]

Yeah mate Bitcoin has been acting absolutely crazy the past couple of days. I don't know what's going on but it seems the price hike is due to the Chinese buying up tons of coins but I am really concerned with what will happen to the Bitcoin price when they start selling.
I think a panic sell by the Chinese will create a domino effect that could crash the price back to the $250 realm. I am going to sell when it gets to $1000 because I think this will be the tipping point.

Are you sure about that, $1000 is the best price to sell? Do you think it won't goes even higher?

I'm even afraid to go to sleep i don't wanna miss it when they start selling. it might just plummet down to $200 lol would it?

I'm gonna kill myself if this suddenly happen over night.