BITCOIN DUMP - CHINESE ARE OFFLOADING...

[lilRoy07]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

[pooya87]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

thank god for that!

i wish all of them dump faster. specially the way you are describing here. off the market or as you may know it OTC which is the only way Chinese are allowing to trade apparently.

this is awesome if true because it not only won't have any effect on the real bitcoin market but also it kicks them out of the market while others get the coins out of their hands cheap and enjoy a better distribution of bitcoin.

[Karpeles]

There is no way to know, unless he has contact with whales or high authorities from the Chinese government, which is highly unlikely.

Maybe he just wanted some quick money.

[xianbits]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

thank god for that!

i wish all of them dump faster. specially the way you are describing here. off the market or as you may know it OTC which is the only way Chinese are allowing to trade apparently.

this is awesome if true because it not only won't have any effect on the real bitcoin market but also it kicks them out of the market while others get the coins out of their hands cheap and enjoy a better distribution of bitcoin.

Good point. I also would like it to happen, keeping those Chinese people from the market. I wish all of them though, to get out in the crypto-world and let me own some of their coins. Let other nationality own bitcoins at cheaper price. With these, CHINA will never be considered in the bitcoin price pump and dump.

[AGD]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

tx or it didn't happen

[vit05]

 Chinese people will still be able to trade BTC for money with other people. They will not be able to use exchanges anymore with CNY. The exchanges started to charge fees in this weekend because the movement is way bigger. Probably there is a lot of people trying to buy more bitcoin to send overseas before it becomes more difficult.

https://twitter.com/yhaiyang

[webtricks]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

Sometimes fear of happening harms you more than happening itself. Banning of exchanges are still more of news and less on ground. Even if so happends, users will not be affected.
But everyone scared so early and started dumping coin.
I must really say if someone dumping his coin at this stage, he is biggest of the trading noob.

[Kakmakr]

Another newbie account created to spread FUD. If there were any truth in this, you would have seen a massive drop in the price. Some people are just trying to push down the price, by spreading all these rumors. We have gone through this before a couple of years before and they still use bitcoins. The exchanges are still operating and the miners are still mining. The price has gone up, since these shills has started to post FUD.

Nice try, but we are not falling for this. Hodl for life!

[lilRoy07]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

No, why do I know this? Because you are making shit up or he was trying to rob any dumbass willing to offer $150,000 in person to a stranger.

Obviously you dont just walk up with 150k straight up, there would be more to that (i am assuming lol)

I'm not making shit up, you can see by monitoring a few chinese on LBC that they are dumping and smaller prices (australia and NZ) People have gone from 0 Trades to 100+ in a space of a few hours.

I've invested a truck into this BTC in recent times, and I dont want to be under a bus.. Since i've purchased BTC this week i am slightly insecure. I want to be rich like the rest of you  

Another newbie account created to spread FUD. If there were any truth in this, you would have seen a massive drop in the price. Some people are just trying to push down the price, by spreading all these rumors. We have gone through this before a couple of years before and they still use bitcoins. The exchanges are still operating and the miners are still mining. The price has gone up, since these shills has started to post FUD.

Nice try, but we are not falling for this. Hodl for life!

dude im not coming on here to talk crap, this is genuine. How many bitcoins being flogged off is going to cause crash? 1000s? 10000s?
You've got to understand my insecurities.

[Kakmakr]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

No, why do I know this? Because you are making shit up or he was trying to rob any dumbass willing to offer $150,000 in person to a stranger.

Obviously you dont just walk up with 150k straight up, there would be more to that (i am assuming lol)

I'm not making shit up, you can see by monitoring a few chinese on LBC that they are dumping and smaller prices (australia and NZ) People have gone from 0 Trades to 100+ in a space of a few hours.

I've invested a truck into this BTC in recent times, and I dont want to be under a bus.. Since i've purchased BTC this week i am slightly insecure. I want to be rich like the rest of you  

Another newbie account created to spread FUD. If there were any truth in this, you would have seen a massive drop in the price. Some people are just trying to push down the price, by spreading all these rumors. We have gone through this before a couple of years before and they still use bitcoins. The exchanges are still operating and the miners are still mining. The price has gone up, since these shills has started to post FUD.

Nice try, but we are not falling for this. Hodl for life!

dude im not coming on here to talk crap, this is genuine. How many bitcoins being flogged off is going to cause crash? 1000s? 10000s?
You've got to understand my insecurities.

You obviously do not live in China, because you said you bought these coins from someone in the Chinese community. Let's assume you live in the USA for this argument. Now why would a Chinese person living in the USA want to dump coins, if it were still legal in the USA?

A possibility might be that some Chinese people might have read this FUD and that they are dumping because of that.

The Chinese government has made no public announcement on this and even if they ban it, it will not affect the people who owns it. The Chinese people in China can send their coins to people in the USA to sell it for them. < if local exchanges are closed >

The Chinese government will be the losers if they ban Bitcoin. They are profiting from Bitcoin now. < Tax income from coins being sold and also tax on ASIC chips being sold and also surplus electricity being used for mining >

[nareshrohra]

He seems to be upto something! The 3 coins he sold to you maybe a "bait". Why wouldn't he not auction the coins online if he needed money? He isn't expecting someone will handover 150K in cash?

[vit05]

I'm not making shit up, you can see by monitoring a few chinese on LBC that they are dumping and smaller prices (australia and NZ) People have gone from 0 Trades to 100+ in a space of a few hours.

Could you show some of them? I have found just one https://localbitcoins.com/accounts/profile/nuooo/

[digaran]

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

tx or it didn't happen

Why do you need transaction ID? there is no way to know if he's telling the truth, even with a TXID you don't know if it's really from him or not.
OP I know there is a monster dumb of a people coming, there are many people with thousands of Bitcoins and they will eventually sell, Chinese now are facked so they need to sell their coins.

[juri543]

Sounds too good to be truth! The one end of your story doesnt cover the other. Why someone would giive you a free money!?

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

[NeuroticFish]

I don't understand why some come with such childish stories, really.
I'd assume that they think that we are here all stupid spoiled kids that walk around with hundreds of thousands of dollars in our pockets (we would need quite large pockets for that lol).

[AGD]

Sounds too good to be truth! The one end of your story doesnt cover the other. Why someone would giive you a free money!?

I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k

he said his friends had hundreds of BTC if i was interested.

Is a monster dump on the way?

Because it didn't happen.

[Herbert2020]

... on LBC - a chinese man. He said ...

since when "a" man represents the whole country and what all the people there are doing?

how many "1 man" do you want me to show you on localbitcoins from different parts of the world that are selling their bitcoin on there? it is nothing new for people to see their coins you know! they have been doing it ever since bitcoin started to have a fiat value and be able to be traded against it. some people sell, some others buy!

[Xenrise]

This is the reason why Chinese people banned ICOS. To buy a lot of coins including the main one, bitcoins. That is their main purpose to buy when the price is low. And now that the price is so low, they will buy many.

[rosygreat]

I will also like to buy if I see the opportunity

[Nawaytes]

I don't really care the news about China is going to push the bitcoin price to go down but if the BTC price really drops to a low point, I would be very happy because I can buy it cheaply again, hopefully soon.