China is Laughing

[tony_b]

I'm sure China's Exchanges will be back next year.

[layoutph]

China is no longer the world's most Bitcoin holder as their citizens dropped the most of it while their government buys the coin the dip.
But look where is btc now, we are now approaching to 5k up. We do not need China to make BTC up.

[PMmesexycoins]

Most of the stuff we use is in one way or another sourced from there. I'd say they have the upper hand, and this extends far beyond what pertains to this community.

[yugyug]

China did try to test the water of what will be the effect of something like allegedly banning or regulating bitcoins and other crypto related ICOs. We knows that many new players are panicking of what will be thew outcome if that news is true and the Chinese government would take effect that actions. As we see, a sudden drop of bitcoin value between 400 to 600 dip during the month of September and this is where the news starts spreading too. China holds the large amount of bitcoin as they habe the largest miners and the largest mining pool shares and the dominant ASIC mining hardware producers, they kmow how to manipulate to take control of the bitcoin price. The bottom line, it is still the Chinese whales who played that games.

[peter0425]

Most of the stuff we use is in one way or another sourced from there. I'd say they have the upper hand, and this extends far beyond what pertains to this community.

Just looked at the label and you will see its "Made in China" or "Manufactured in China". They are a lot of sweat shops there and the government is doing nothing to prevent it because its been a good source of income. Corruption, bribery is still a thing in that country.

China is no longer the world's most Bitcoin holder as their citizens dropped the most of it while their government buys the coin the dip.
But look where is btc now, we are now approaching to 5k up. We do not need China to make BTC up.

I don't know if the government of China did buy in dips. But what we can assumed is that more of the bag holders have either dump half of their assets already because of the Chinese exchanges closure, or moved  their funds somewhere it. Your guess is as good as mine. But we have already survived without them so there are irrelevant to the market scene. Many countries in Asia (Japan, South Korea, Taiwan and even other small Southeast nation) have took the torch already.

[Bezobraznike]

I'm sure China's Exchanges will be back next year.

   In the end all the fuzz was for nothing? Someone made big dust and bought bitcoins for
cheap price. It is what you all about talking here, manipulation on high level. I think only
thing that is not clear who did it? Chinese government maybe?
   I did not know that some news can have so big impact on bitcoin community, this is
is not a little thing, who ever did it knows how to do it. I am not afraid or anything, I
had faith in bitcoin, but I am a little worried that something like this can shake bitcoin
and drop the price $2000 in couple days. If they are capable for that, can they do
something more worst?
  

[bitterguy28]

definetely your correct the china are 2nd most power in the world united states of a american are the number one powerfull in this news i believe on that china control the economy because china being rich country have a power to munipulate the economy but china can't control bitcoin as currency.

[Tszunami98]

Of course cryptocurrency is in China's plans. This is why they have the biggest mines in the world and this is why they are preparing the field. It is normal to try and clean the ICO scams in their country, they are very business oriented and those ICO;s are just ripping people off of their money.
It was planned for 2030 for them to pass USA for number 1 economic global power, now i heard it will happen in 2026....if not sooner!

[Images21]

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!)?

And it is sad that my smart phone which is an american brand is still made in china. And a magnetic figurine bought outside Asia as a souvenir is still made in china. A joke goes that god created the world in seven days and the rest are made in china.  If china can cause the world to shake, we can also shake china off our lives. Bitcoin can easily shake china off.

[zarados]

The main purpose of China is to Promote there own currency not World Currency , In every field
Such as whatsapp is popular all over world but its banned in China and they are using Wechat.
they have launched their own Crypto currency.
Small traders of China Export outside China but how much they import in china a big question

China is playing with us ... they Shown the power when bitcoin price fall down by 400$ in seconds

Exactly, I also believe it was a main purpose of china. not suprisingly that china currency was very cheap, I thought they intend to provide what other country need, because they have many resource, and after other country has been dependent to china, They could rise the cost at will. think about it, what couldn't they create with all their resource? Nothing. I believe you use 50% of yours facility was made in china. That's why, china will become a super power country, if they echieve its goal.

[Delisaara]

indeed this news is very influential on bitcoin,but you need to be aware,Chinese laugh because they feel important role in bitcoin.
china now has a big plan behind all this.

[bitcoinvestor]

China has a major impact on crypto but there are other alternatives. Don't panic just hodl, everything is going to be fine long term. Actually china is stupid, they dumped their btc on to exchanges and they will regret it very very hard . Someone wise said once, CHINA BANS SOMETHING? just buy it !!

Cryptocurrencies will be alive with or without China.  China want to spread their ideolgy to all over the world why the govt control bitcoin and cryptocurencies because crypto is based on ideolgy of freedom. China the communist hegemony  doesn't like open market. Bitcoin is open market, everyone can participate and dificult to control the flow of  money. That economic model threatens Chinese Regime.

[Pakar11220]

China is laughing all TIME AND on every country, only they want they everything we ll produce and required people will follow us, but the world and people is too much change and every person wants to do something new and inititative same as china wants, then why they are laughing.

[Opquar]

China has a major impact on crypto but there are other alternatives. Don't panic just hodl, everything is going to be fine long term. Actually china is stupid, they dumped their btc on to exchanges and they will regret it very very hard . Someone wise said once, CHINA BANS SOMETHING? just buy it !!

Cryptocurrencies will be alive with or without China.  China want to spread their ideolgy to all over the world why the govt control bitcoin and cryptocurencies because crypto is based on ideolgy of freedom. China the communist hegemony  doesn't like open market. Bitcoin is open market, everyone can participate and dificult to control the flow of  money. That economic model threatens Chinese Regime.

Well, this has already been proven by our recent rally. Hindsight is 20/20. Bitcoin doesn't need China.

[Jaya912]

I know china is one of the biggest community in the world which will affect to the whole crypto world. But it does not mean there is no other choice.
So still many people outside china will still support this. So step by step it will be normal.

[Kprawn]

A while back, James D'Angelo warned people about China having too much power over Bitcoin and people laughed it off. The

guy made sense and I supported some of the things he said. Now people are saying the same thing with centralization in the

mining sector and nobody is laughing. James, you might have rage quit ....but some of the stuff you said.. was spot on. 

The Chinese mining pools definitely have too much power and I hope Bitcoin Gold with it's ASIC resistant technology will

change that soon. 

[Odora]

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!)?

actually our panic that makes the price of Bitcoin down not China,
see when Russia banned Bitcoin Bitcoin prices do not go down because we do not panic,
just as if a day before Hardfork BTC Gold big sale (dump) on Bitcoin can be sure Bitcoin price will fall

[Basmic]

Nothing that China could laugh, I do not see. Do Chinese people very much and they can influence the world by their number. China's economy has built the West and just as likely to ruin it. The greed of global corporations proc doesn't but if Western governments will force corporations to bring back their production from China to your country China is no laughing matter.