I am getting sick of fucking Chinese idiots

[trand]

just ignore them. Although we do not like them, most of bitcoin and hashrate are located in this country and therefore, we can not do anything. WE can not stop them from mining bitcoin at all dude :9

[RawDog]

People can hardly look beyond one's own horizon.

From the Charles Manson inspired philosopher.  WTF dude?  Why do you always have such a god-damned boner for me?  I think your Fap-sticky keyboard is starting to take over.

[alyssa85]

It's mostly Chinese money and mining propping up the absurdly high valuation of btc right now.  If they leave, or are "banned" (which doesn't really seem to be the case), then you're going to see a massive retraction in price of btc specifically and many of the alts as well by extension.

 

It really isn't. That whole myth was put to bed when the chinese stopped zero-fees trading and we saw how low the real number of trades were.

I'd say the Koreans and Japanese have more to do with the bitcoin price than China. And with the move of the Japanese into mining, the mining might shift away from China too.

[AGD]

People can hardly look beyond one's own horizon.

From the Charles Manson inspired philosopher.  WTF dude?  Why do you always have such a god-damned boner for me?  I think your Fap-sticky keyboard is starting to take over.

You are a racist and your postings are insulting. You should be perma banned.

[peter0425]

It's mostly Chinese money and mining propping up the absurdly high valuation of btc right now.  If they leave, or are "banned" (which doesn't really seem to be the case), then you're going to see a massive retraction in price of btc specifically and many of the alts as well by extension.

 

It really isn't. That whole myth was put to bed when the chinese stopped zero-fees trading and we saw how low the real number of trades were.

I'd say the Koreans and Japanese have more to do with the bitcoin price than China. And with the move of the Japanese into mining, the mining might shift away from China too.

I'd say as well that the Japanese and South Koreans will benefit from the power shift. But I don't know if either of them will go mining as I consider there country to damn expensive so electricity must cost a lot too. Yeah, I remember when they are trading fake volumes and the PBoC realized and step up the plate. Maybe this is the beginning of the Chinese government stomping of bitcoin and this week in the nail in the coffin. Let's see how it goes then.

[bitjoin]

The market over reaction is insane, lets assume that news was true and china exchanges were no longer allowed to opperate, would that mean bitcoin has 10%+ less value based on that alone?  Maybe it should be something like a 2% drop given the current stage of bitcoin.  While they can keep pulling this stunt they will im sure.

[joshki]

The market over reaction is insane, lets assume that news was true and china exchanges were no longer allowed to opperate, would that mean bitcoin has 10%+ less value based on that alone?  Maybe it should be something like a 2% drop given the current stage of bitcoin.  While they can keep pulling this stunt they will im sure.

It would probably be closer to 50% less value...  Then there's the fear factor from there and we might easily see $100 btc again. 

[BitcoinHodler]

The market over reaction is insane, lets assume that news was true and china exchanges were no longer allowed to opperate, would that mean bitcoin has 10%+ less value based on that alone?  Maybe it should be something like a 2% drop given the current stage of bitcoin.  While they can keep pulling this stunt they will im sure.

It would probably be closer to 50% less value...  Then there's the fear factor from there and we might easily see $100 btc again. 

lol, not in a million years

this time we have a very good example of a similar situation. it is no longer something new. China was completely out of bitcoin market for a couple of months this year and when it started the same FUD about ban and bullshit came out and price went down about 20%. and that is worse case scenario and price was about $1100 at that time.
in the following months before Chinese even came back, the price was already above $2000 then Chinese came back.

if you think price can fall 50% or fall to $100 (which is 97.7%) then you must be high on something

[joshki]

The market over reaction is insane, lets assume that news was true and china exchanges were no longer allowed to opperate, would that mean bitcoin has 10%+ less value based on that alone?  Maybe it should be something like a 2% drop given the current stage of bitcoin.  While they can keep pulling this stunt they will im sure.

It would probably be closer to 50% less value...  Then there's the fear factor from there and we might easily see $100 btc again. 

lol, not in a million years

this time we have a very good example of a similar situation. it is no longer something new. China was completely out of bitcoin market for a couple of months this year and when it started the same FUD about ban and bullshit came out and price went down about 20%. and that is worse case scenario and price was about $1100 at that time.
in the following months before Chinese even came back, the price was already above $2000 then Chinese came back.

if you think price can fall 50% or fall to $100 (which is 97.7%) then you must be high on something

All it would take is the right combination of bad news.  You're playing with an asset that is mostly backed by hashpower in China -- if that goes away a whole lot of confidence in the network goes away.

Now, the likelihood of China actually banning it seems very low to me -- but it's not outside the realm of possibility, and neither is sub-100 btc.

[Manuj]

Why don't we just ban China? 

LOL.  But, yes, why can't we just ban them and sail smooth in the crypto world without these people. After all, they seem to be manipulating the market with their decisions. There would not have any drop in price without them. But it seems the market they are offering is really big.

[shine1123]

Why don't we just ban China? 

Lmaoo, That is not how it works mate and there are also many chinese people using bitcoin though. Its not only us that hate this situation but also chinese people that using bitcoin too. Actually the China government that really fuck up not the chinese people. The market already going up now.

[Chrystora123]

Bitcoin is open source , everybody can join in that , so we can not Banned China from anything about Bitcoin , i sure Bitcoin Players and the company - company which make ICO will do the best to finish this problem , i sure about that ..

[Phillionex Project]

This is complete manipulation of the market as they like..someone is selling at the top and scooping up at the bottom

The chinese are playing with the rest of us

[bitjoin]

The market over reaction is insane, lets assume that news was true and china exchanges were no longer allowed to opperate, would that mean bitcoin has 10%+ less value based on that alone?  Maybe it should be something like a 2% drop given the current stage of bitcoin.  While they can keep pulling this stunt they will im sure.

It would probably be closer to 50% less value...  Then there's the fear factor from there and we might easily see $100 btc again.  

You dont actually believe that though do you, were you around at $100? we had mtgox with 90% of the market, no ASICs and no ATMS. There were much less people active around the community on a day to day basis.  The difficulty levels were insanely low vs now.   Not sure where you get a few china exchanges having 50% of the marketcap of bitcoin? Im sticking with them being worth around 2%.

[Red-Apple]

it is funny how many new accounts has been created in the past 48 hours on this forum who are repeating a set of scenarios all with the same doom subject for bitcoin.

to be honest whoever listens to these random throwaways and loses money, they very well deserve the loss.

[SUDARMONO]

yes very well, that's a good idea, why do not we forbid chinese ,,
it's also possible that we all have a desire to ban China, but what we have power for it all, it's all the right of Chinese state to regulate the rules in his own country, I think so.

[Zalfa_mui]

Why don't we just ban China? 

we can what? we are just bitcoin traders,
from the first china often make bad news about bitcoin ,,
but bitcoin persist and not affected with china,

[Mometaskers]

a lot of those ICOs were scammy.

All of China is a scam.  The whole damn thing.  Scam is in their blood.

I do hope something positive comes out of this. Sure the price dropped a bit but with fewer ICOs, maybe the Chinese would be investing their money in existing coins, which would hopefully benefit us who are holding some of those.

[phr0stbyt3]

They are idiots we all know but is there anything we can do about it that is a no but do something which will make them even more angry buy more bitcoins at this price we all know what price it is has reached before this so when buy more we not only push the price up and defeat china but also make profits

[ButtCrack]

Why don't we just ban China? 

LOL.  But, yes, why can't we just ban them and sail smooth in the crypto world without these people. After all, they seem to be manipulating the market with their decisions. There would not have any drop in price without them. But it seems the market they are offering is really big.

If they want to create a panic market, why do we need to go along with them? Cryptocurrency is decentralization, so we do not let by small community like China control us, we can counterattack them and take advantage cheap price for buy back, then profits is ours.