Is China manipulating the price of Bitcoin and other altcoins?

[doedz]

Not only China. Many billionaires are doing it. When price drops like now (almost below 4k) lots of newbs are going to sell, which is opportunity for them to get cheap coins 

True, this looks the strategy of the billionaires to get a cheap price. China is very smart to do fud, and this is often the case ICO tires are the beginning of their strategy to suppress the price of Bitcoin. Politics in bitcoin only makes panic when this is a good opportunity to buy.

[joseafonso123az]

Unfortunately for every bitcoin user, manipulation of the value of bitcoin is easy, because of it's volatile nature. So any news that appear related to BTC will affect it somehow. This China banning news, and as it is,I guess a big market for bitcoin, will make the value of bitcoin decrease. And in these last days, there are more bad news than good news for bitcoin. Hope we can get better news for the future and raise it's value to new limits.

[Michael_Gims]

I don't think this is their primary concern.

They want above all to control financial transactions, so bitcoin is a concern because it cannot be controlled as much as they would like.

[ekoice]

There was a time earlier when China dominated the whole bitcoin world.Bitcoin investors used to keenly watch the situations in china related to bitcoin to either invest or sell bitcoins.That was a huge dominance.Using that situation,chinese exchanges created fake trade orders and manipulated bitcoin price.Even chinese investors dumped their bitcoins at once and made bitcoin price to fall down and they just once again bought those bitcoins at a much cheaper price.Huge manipulation of price.Bitcoin mining farms located in large numbers in china was also a reason for this upper hand.But,now after legalization of bitcoin in japan and most countries soon to legalize bitcoin and mass adoption of bitcoin all over the world and bitcoin getting investors all over the world,situation has almost changed upside down.Now,china is no more in a stage to manipulate bitcoin price.But altcoins have very small market cap when compared to bitcoin and even one or two big whales could manipulate price of altcoins and china is not need for it.

[Chyton]

I think it's possible for them to manipulate the price of Bitcoin and other altcoins. China has one of the biggest volume in the cryptocurrency market, if one of this biggest volume brings bad news (fud) to the cryptocurrency, the market will likely to dip but if it brings good news to the cryptocurrency, the market will be likely to be pumped.

[davinchi]

Honestly, answer yes the way how it gets told to the public is manipulation yes. The ICO ban caught up to be a permanent ban. While Chinese people already knew it was temporary. I did panic sold 1 Chinese token because of delisting had no choice. Further, this news now looks kinda like fud. I spoke to some Chinese located people and they can still trade and not a single exchange have received a banning order yet. So till now its fud and even if they announce something first wait for the full report because it was wrong last time as well. Bitcoin and other currencies can't be stopped it will just enter the black market no government wants that.

Okay, let’s say it wasn’t banned by the Chinese and they’re still trading on the platform. By the way, what’s making the price drop? Is it because lots of people are starting to make withdrawals? I guess that’s the only option that will make the price drop so low to $4,100+. Well, good opportunity to buy Bitcoin lol.