[China's fakeness] Before and after

[pooya87]

for years on the social media regarding bitcoin, we have been hearing these words "China is controlling bitcoin" i have always shook my head in disappointment after seeing how many people fall for the manipulative words.

And apparently they were right. Bitcoin exchanges paused the trading for one month, while insiders benefited from this information while the average joe lost alot of money. Bitcoin is centralized from all points of views: mining, development, political centralization at both government level and development level. Not only they control the mining, but they easily about 50% of the bitcoin aswell, given the trading volume in china. And don't tell me they "bought" it because china is a poor country. They mined it.

nonsense.
average Joe shouldn't even be "trading" bitcoin to lose lots of money in the first place. they either have to be a trader or invest long term.

also there are two more things if the average Joe had bought bitcoin 2+ weeks ago he is still in profit!
also if he continues holding price will go back up after this shitstorm of manipulation passes.

50% haha that is 8 million bitcoin aka nearly 8 billion dollar. and besides trading volume is trading volume not how much Chinese hold. if you buy 10BTC now and sell 10BTC when price goes up 6 hours later the trading volume will be 20BTC and you see this 20BTC and think China is holding 20BTC whereas they hold nothing except fiat!

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[Herbet Fry]

People need to do their own research before blindly believing in something or just saying things because they think they right but dont know they right. China has a massive portion but its nowhere near the amount the sensationalize in the media. I'm not really sure why social media keeps saying these things. What advantage is there ? Or is it to just blame the price shifts on China ?

[maydna]

People need to do their own research before blindly believing in something or just saying things because they think they right but dont know they right. China has a massive portion but its nowhere near the amount the sensationalize in the media. I'm not really sure why social media keeps saying these things. What advantage is there ? Or is it to just blame the price shifts on China ?

i am agree with this, and yes we need to make our analyze before we make a step after we read many news about bitcoin especially with china's fake with bitcoin. we need to make decision what we are gonna do after we know the real thing in the news and i think we don't have to hear about the news in outside because as long as the bitcoin itself is not giving much of affect in the price then the news will not stay for long times and maybe it is just for making panic shocks in the market.