Monkey D.Luffy
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September 10, 2017, 10:52:35 PM |
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Some chinese millionaires and billionaires definetally have the ''power'' to manipulate currencies from all around the world. It is possible that they are trying to manipulate and control Bitcoins as well but since it's an all digital coin that isn't produced in any country and isn't actually controled by anyone i would say it's a little bit hard to do that.
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marky89
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September 10, 2017, 11:05:55 PM |
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It may be possible that the Chinese government is directly involved in Bitcoin price manipulation as a part of their broad plan to control Bitcoin - just remember that most miners are located in China and Bitmain, the biggest miner manufacturer, is also Chinese, and play their own game with attempt to get more control over Bitcoin. There are even rumors that Bitmain is closely tied to Chinese government. Maybe China was stockpiling bitcoins for a couple of years already and would like to see it as a global currency some day, so they can utilize their strong position in it.
I think that the Chinese government has engaged in this sort of manipulation multiple times over the years. The 2014 "PBOC to ban Bitcoin" rumors were similar. I don't think it's necessarily so they can stockpile BTC -- wouldn't that be the bitcoiner's dream?-- but rather, to calm the markets and discourage capital outflow. The devaluing of the CNY has caused many Chinese investors to move their money overseas into investments (especially real estate) that hold their value much better than the CNY. Enter Bitcoin: a way that citizens can easily move their assets without friction, bypassing normal restrictions on capital outflows. As the price of Bitcoin rises, a feedback loop develops. Not only do people realize that it can be a speculative investment itself, but they realize they can use it to secure their assets overseas. This, in turn, keeps driving up the price. I think the PBOC wanted to end this cycle and calm the markets in order to reinforce capital controls. I think the 2014 rumors were much the same.
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CODE200
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September 10, 2017, 11:23:50 PM |
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You think that some big guys in China play games in order to manipulate the coin markets and profit from it? I would say it's possible but no one knows exactly of course. But definitely, they want to control the markets there.
It could be because most the people that love gamble and have the capability to used their money out of playing is the price of China. Yet we could hide the fact that China is the number one country in terms of transaction, because it is the largest country that also claim the largest people that could actually be a bug part on Bitcoin development.
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dimastegar
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September 10, 2017, 11:51:47 PM |
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As many people do, it's only China that manipulates the price but there are other countries and the Bank is not very visible. Maybe they just want to make the price down and buy a lot of Bitcoin. Monopoly or manipulation. So let's think positive.
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StrongHandsProfit
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September 11, 2017, 12:35:05 AM |
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I'm fairly certain that China has reacted to a misunderstood message to the news about exchanges and that the Chinese government only wants to stop the shonky ICO's from happening.
That's a good thing. It was a good move but could have been delivered at a better time. Or maybe not. Maybe it was best dropped when BTC was soaring to make minimal impact. The exchanges would be aware of problems already if it was true.
The Chinese government is very smart and have ethics and wouldn't bother with a pump and dump. They just invest some money into it and gain from tax generated from it also.
Cryptocurrency is a technological innovation and China likes to innovate. Also it's big money for them. Both in the business it supports and in the tax raised from the profits.
I think when the dust settles and the Chinese people realize this is the case and that even when China regulates Cryptocurrency that trading BTC is fine then they will buy back in at a fast rate.
Anyhow Chinese can put their cryptos into paper wallets and use a vpn and even a decentralized exchange to trade so the Government don't want to force it underground.
I expect China to start buying back into BTC within the next week.
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SUDARMONO
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September 11, 2017, 12:54:34 AM |
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I think chinese is not everything, but china is a big whale in digital currency, which can affect the price of coin prices in its decisions, and many people panic with the decisions made by China so many people sell their coins, and rest assured it will return normal again after a while.
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ASHLIUSZ
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September 11, 2017, 12:58:37 AM |
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Looking the entire digital currency network, China holds a large market compared to other countries in the bitcoin network. This generates an impact over bitcoin when something happens with the regulatory issue arising at China. Such a situation prevails right now causing a price manipulation from the China's move with the ICO ban.
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PequenaGeovana
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September 11, 2017, 01:24:41 AM |
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It is not manipulation is a state case ie government.
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bustomi
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September 11, 2017, 01:26:13 AM |
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there's is possibility, but not only china. Billionaires and banks manipulating it in the trading.
but many billionaires and bank in China that have possibilities to manipulate the market price..., We still doesn't know for sure
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lilRoy07
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September 11, 2017, 01:43:27 AM |
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Of course China is, biggest god damn market in the world.
What we need is a mini crash, and then we can all load up and get this thing back to the moon. The Chinese will be kicking themselves in 2-5 years time.
Cryto is the future.
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Sithara007
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September 11, 2017, 01:49:22 AM |
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Of course China is, biggest god damn market in the world.
What we need is a mini crash, and then we can all load up and get this thing back to the moon. The Chinese will be kicking themselves in 2-5 years time.
Cryto is the future.
There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin?
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Razick
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September 11, 2017, 02:00:23 AM |
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Of course China is, biggest god damn market in the world.
What we need is a mini crash, and then we can all load up and get this thing back to the moon. The Chinese will be kicking themselves in 2-5 years time.
Cryto is the future.
There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin? Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap.
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Sithara007
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September 11, 2017, 02:08:59 AM |
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Of course China is, biggest god damn market in the world.
What we need is a mini crash, and then we can all load up and get this thing back to the moon. The Chinese will be kicking themselves in 2-5 years time.
Cryto is the future.
There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin? Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap. You have a point out there. In 2013 also they tried the same trick. But if I remember correctly, it wasn't very successful back then. Two months after the Chinese FUD, the Mt Gox exchange collapsed. And the exchange rates nosedived to record lows. So whoever purchased coins at cheap rates after the Chinese FUD in December 2013, actually lost their investment.
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AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
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mongkie
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September 11, 2017, 02:21:05 AM |
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yes. china has the capacity to manipulate prices but to take over or control the whole market, maybe no. even theres a lot of chinese billionaire, they did not dominate wall st. or forex. cryptoworld is a big ocean where whales, sharks,fish, octopus shrimp and other big and small players harmonously live. theres always room for small players in terms of numbers. maybe whales may affect but small fish have powers too.
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zarados
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September 11, 2017, 06:15:19 AM |
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Of course China is, biggest god damn market in the world. What we need is a mini crash, and then we can all load up and get this thing back to the moon. The Chinese will be kicking themselves in 2-5 years time. Cryto is the future.
There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin? Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap. Even so, china could manipulating a bitcoin price, and the other alt coin are got the impact of it. The price looks strong a $4,1k, but let just see, If the price continue to falldown, I think China is already success to be a super power country that could adjust and set a currency and crypto currency price.
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aoihs00
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September 11, 2017, 12:08:32 PM |
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What else china can really do rather than manipulate the market. This has been done many times by china and they will keep doing that. There is no reason for them to ban the ICO in first place because it's been going great and china itself had most of the contributions into these projects. After knowing about the whole situation they knew if they ban it then they will have to go through bigger loss but still they went on doing that.
That's not kids play, that's pre planned stuff and look the price has already started pushing for coins. Looks like whales from china are in the game again.
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ecnalubma
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September 11, 2017, 12:29:55 PM |
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Its is very hard to trace who manipulates the price. But I believe their are few holders that blow and pop the bubbles. We are just being feed by the media without knowing the real story behind stories. The media is best tool of manipulators, Crypto environment is not different from stock exchange.
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Mysterious01
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September 11, 2017, 12:33:56 PM |
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This question is probably asked many times, but I would like to start a discussion and hear other people's opinion on this. Of course it is a bit paranoia, but there is so much money to make for China that they would almost be stupid if they didn't manipulate the price. This website is great to see the history of Bitcoin's price and the main events that influenced it: https://99bitcoins.com/price-chart-history/Today seems to be exactly like in 2013. First China comes with some promising news that they see a bright future in Bitcoin and the price of Bitcoin goes even higher than it already was (giving a lost full blow into the bubble, prorbably so they can sell their holdings or something) and just a week or a couple of days later they come with restrictions and the bubble bursts. Is it me being paranoia or is the same exact thing happening again? And will it happen again in the next (even bigger) bubble? Please share your (well-founded) thoughts here There is a big possibility that they are manipulating it for their own benefits but their are no concrete evidence yet that they are doing it. Aside from their act that they restrict it so they can manipulate the growth of bitcoin.
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cyberChevan
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September 11, 2017, 12:37:22 PM |
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This question is probably asked many times, but I would like to start a discussion and hear other people's opinion on this. Of course it is a bit paranoia, but there is so much money to make for China that they would almost be stupid if they didn't manipulate the price. This website is great to see the history of Bitcoin's price and the main events that influenced it: https://99bitcoins.com/price-chart-history/Today seems to be exactly like in 2013. First China comes with some promising news that they see a bright future in Bitcoin and the price of Bitcoin goes even higher than it already was (giving a lost full blow into the bubble, prorbably so they can sell their holdings or something) and just a week or a couple of days later they come with restrictions and the bubble bursts. Is it me being paranoia or is the same exact thing happening again? And will it happen again in the next (even bigger) bubble? Please share your (well-founded) thoughts here Makes me think of it too and it is really possible that they are manipulating it. From banning ICOs to fully banning exchanges and Btc entirely. Seems to me that they are showing the world (again) how influential they are.
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steamon
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September 11, 2017, 12:39:30 PM |
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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.
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