China is Laughing

[Insanerman]

they are doing their job as any authority would, see this article:

China Ban on ICO is Temporary, Licensing to be Introduced: Official


" During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary.

The Chinese Academy of Social Sciences and its Institute of Finance and Banking are affiliated with the State Council of the People's Republic of China, the chief administrative authority of the People’s Republic of China. The Chinese Institute of Finance and its researchers are considered to be a government institution and government officials. "

This "Only Temporary" is frequently look miss look as permanent, and it send the  bitcoin price to dive. FUDs is really well played by China and weak hands goes in panic.Also the temporary ban was on "ICOs" and not on bitcoin.

[Irdina]

China does not want to depend on anyone,
China wants to create its own crypto, china does not want to be defeated in any field.
So don't  be surprised if china forbids bitcoin ,, will bitcoin fall in china stay ??
No, this is only temporary,

[dimastegar]

China obviously has a big influence. Can be seen from many goods in the world is made in China. And for Cryptocurrency, china also has many exchangers and investors that can be said not a little. Yes, this is natural.

[fossilized]

It could be true that China is manipulating the cryptomarkets but so what? There are many large states and corporations involved in manipulating financial markets, from forex (HSBC, BNP) to commodities (OPEC) to stocks. That unfortunately is the real world. It tis then up to the individual investor to choose whether or not to get involve, and understanding that while these markets could be manipulation, what opportunities could it offer? I'm sure many people are enjoying the dips as buying opportunities created by larger forces, and since we can't beat them, might as well join them in the game they have created.

[figmentofmyass]

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

in terms of geopolitics, this has already been true for decades, but increasingly so as economic power gradually shifts from the the west to the BRIC countries.

but as far as BTC goes, i think the opposite is occurring. china has dominated bitcoin mining for years, ever since the proliferation of ASIC technology. just recently, we have seen two major japanese companies (internet and entertainment conglomerates) launching major bitcoin mining efforts now that the currency is officially legalized and regulated. DMM said their operation will be live this year, and they expect to be a top 10 mining pool by next year. china's share of global volume has also dropped considerably this year. exchanges like bitflyer (japan) and bitfinex (international) overtook the major chinese exchanges.

so regarding china's influence, as far as decentralization of mining and trade volumes go, things are actually looking bright.

[Pursuer]

I say China is not doing anything. they are doing whatever they were doing before and will continue living normally and be involved with bitcoin.

those who are laughing are the FUDsters, those whales who bought at the bottom, JP Morgan, and lots of others who bought back in the dip. they are laughing at how easy it was to increase their profit simply with some FUD and use the gullibility and the fact that most weak hands don't understand bitcoin to their own advantage.

[alani123]

Chinese authorities must be toying with manipulating markets. Perhaps de-stabilizing the cryptocurrency markets with pseudopolicies could detter investors from contributing on this bullish market sentiment.

[iram1011]

A single influential person has the power to influence the market. China is still a country. Bitcoin market isn't really big. User base is still small. Any negative news can have a huge impact. Not only China, any country who has some Bitcoin users can impact the price with such announcements. Sufferers are only panic sellers. Market can always recover in such situations. Such news have small term impact. China can laugh for a month only. After that we hodlers will laugh!

[pearlmen]

China is laughing all day for the past few days because the whole world is under its control and influence. The recent news and rumors of new are all testifying to the fact of how powerful can China be in almost aspects of global play...not just in cryptocurrency really.

Why it came to this sad state? Well, China knows how to plan and it has a long-range goals and one thing is for sure Bitcoin and cryptocurrency may not be included in that global domination vision.

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

Anybody can actually laugh but what matters is who has the last laugh and in this case its bitcoin because going by the recent happenings, it seems that dark days are over and even the September 30th is here with us, and there is no crash which further points to the fact that the last laugh is here to stay at least to defat those who prefer to laugh first and hopefully it can be sustained even with the several adversaries coming against bitcoin.

[Getmon]

China is laughing all day for the past few days because the whole world is under its control and influence. The recent news and rumors of new are all testifying to the fact of how powerful can China be in almost aspects of global play...not just in cryptocurrency really.

Why it came to this sad state? Well, China knows how to plan and it has a long-range goals and one thing is for sure Bitcoin and cryptocurrency may not be included in that global domination vision.

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

They say when you go shopping in Australia you will not enjoy it because everything is (terribly?) made in china.  Here in my place, almost everything is made in china. From little shabby toys to school supplies up to large dump trucks (that will also be dumped themselves after less than a year in use) are all over the market.

[Ayiranorea]

What's there to laugh. China contributes high to the bitcoin and the entire cryptocurrency. China, not only in terms of digital growth but also with technology bitcoin makes a big impact. In the short or long profiting with bitcoin is assured, so surely more people from different countries will show interest into it in the future.

[migolmigol]

China is laughing all day for the past few days because the whole world is under its control and influence. The recent news and rumors of new are all testifying to the fact of how powerful can China be in almost aspects of global play...not just in cryptocurrency really.

Why it came to this sad state? Well, China knows how to plan and it has a long-range goals and one thing is for sure Bitcoin and cryptocurrency may not be included in that global domination vision.

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

I actually feel it in different ways. Chinese people are everywhere and they are really good to be honest when it comes to handling money and investments. They can go to different countries and apply their strategies their making them rich in that country surpassing the locals. This is good in such a way as they are investors of the country but what is bad is that they are the one who is becoming rich and not actually the locals.

[nskendrovic]

I'm not sure what China would be laughing at, unless you are talking about them banning BTC, but probably buying mass amounts when the price dropped. Ya that probably happened.

[aoluain]

China is laughing all day for the past few days because the whole world is under its control and influence. The recent news and rumors of new are all testifying to the fact of how powerful can China be in almost aspects of global play...not just in cryptocurrency really.

Why it came to this sad state? Well, China knows how to plan and it has a long-range goals and one thing is for sure Bitcoin and cryptocurrency may not be included in that global domination vision.

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

its nice to see a thread like this rise again and nice to view the comments
and especially the OP. Within the last 24hours on Bittrex Bitcoin has reached
$4929, so after all the false news, FUD and panic Bitcoin has regrown to past glory.

[bitart]

China is laughing all day for the past few days because the whole world is under its control and influence. The recent news and rumors of new are all testifying to the fact of how powerful can China be in almost aspects of global play...not just in cryptocurrency really.

Why it came to this sad state? Well, China knows how to plan and it has a long-range goals and one thing is for sure Bitcoin and cryptocurrency may not be included in that global domination vision.

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

its nice to see a thread like this rise again and nice to view the comments
and especially the OP. Within the last 24hours on Bittrex Bitcoin has reached
$4929, so after all the false news, FUD and panic Bitcoin has regrown to past glory.

Most of the people are selling alts and buying Bitcoin because of the coming forks, so the reason behind the price increase could be this as well. FUD and fake news will alway exist and as soon as bitcoin reach the mass adoption, prompt selling for bad news will be less common, and hopefully price will get less volatile as well. This won't be true during the coming fork period.

[Mavaku]

I can't come up with where I saw it, but I remember reading that 70% of the bitcoin users are located in the eastern of Asia (China and Japan). Is this true? If so, they've got bitcoin by the balls.

[Melquart]

Nobody can deny that China is a powerful country. They are 1/5 of world population and they hold a big amount of big amount of bitcoin what gives them influence on bitcoin future.

[Ucy]

China is laughing all day for the past few days because the whole world is under its control and influence. The recent news and rumors of new are all testifying to the fact of how powerful can China be in almost aspects of global play...not just in cryptocurrency really.

Why it came to this sad state? Well, China knows how to plan and it has a long-range goals and one thing is for sure Bitcoin and cryptocurrency may not be included in that global domination vision.

Right now, China can show a tantrum and the whole world can shake. Can you feel now the power of China all over your body (hell, am even using a body wash Made in China!)?

its nice to see a thread like this rise again and nice to view the comments
and especially the OP. Within the last 24hours on Bittrex Bitcoin has reached
$4929, so after all the false news, FUD and panic Bitcoin has regrown to past glory.

Most of the people are selling alts and buying Bitcoin because of the coming forks, so the reason behind the price increase could be this as well. FUD and fake news will alway exist and as soon as bitcoin reach the mass adoption, prompt selling for bad news will be less common, and hopefully price will get less volatile as well. This won't be true during the coming fork period.

Well Bitcoin does not just increase like that without reasons... big news like that has always had big effect on price.

I bet China government is shamefully realizing their action has no real effect on Bitcoin.  I even heard they will lift the "ban" soon. They already lost loads of customers (many might not use local exchanges due to the traumatizing experience they went through)  to quick thinking Japan, Taiwan and South Korea.  No country can stop Bitcoin!

The recent dips was simply due to people reacting to the Chinese ban news.

[Akash1243]

Of course China has a some power and control, and their news has large affects on bitcoins as large number of people in China has being using,holding or has being investing.They has large number of volumes of bitcoins so its clean why they have this impact on the crypto currency but that is only short live as bitcoins and others will easily recover from this and it has already has re recovered as bitcoins price is around $4800.But bitcoins can't die even if a country banning them,bitcoins will be alive as long as people believe and invest and use them.

[salihno71]

China is laughing all day for the past few days because the whole world is under its control and influence.

Well most of the global manufacturers decided that they like the prices of the labor in China so this is the expected outcome. Basically (primary) western greed is the main reason why China is now second global economic power with the outcome that it shall become first soon.