My conspiracy theory about CHINA...what is yours?

[Poink]

1.  I think China want to temporarily crash the market so they can collect more BTC (and other coins dirt cheap) before announcing that they are officially adopting.  At that point BTC (and other crypto) will sky rocket.

2. They don't want their citizens to trade cryptocurrency and earn (relatively easily) in fear of losing their cheap labor force.  They will then try to make it as difficult as possible for it to flourish in their country.

Which is it???

[Tidsdilatation]

I think its very simple. They simply do not want a currency they cannot control. They want to be able to ban ppl from using, they want taxes, they want to be able to monitor every citizen. This cannot be done with Crypto. Therefor China does not want any of it.

[renes]

Your theory is simply wrong. Check this out :http://fiatleak.com/ the US buying now and china is just watching. It seems like big speculators are buying now so jump the train now if you are out.

[ropyu1978]

both make sense. but I do not know for sure. What happened.
rumors seem to prefer the first option.

this is a conspiracy.

[RussaX]

I don't think so.. Reason is simple that some investors need to lose money to make some others richer or fairly said smaller group. SO what is the deal? Banks and government miss their piece of cake. they want taxes, control over the currency and prices, they want to monitor who is doing what and what amounts are involved. Crypto is avoiding everything of that and simply they don't want that. Problem is deep and who knows what will happen with crypto in the future. I expect this kind of actions since crypto is growing all the time and big fishes want control over it. You will hear that governments and bank leaders willl always say that crypto needs to be under government control in other way centralized and monitored. -So what would be the point of it? It would be the same as current currency.

[shyliar]

I think they saw some exchanges participating in ICO scams and decided scamming people was wrong. Unfortunately, that brought the exchanges under further scrutiny. As a result, they have decided to make the exchanges comply with current rules and regulations. The current exchanges can't meet the requirements of the regulations and are closing down.

This will create a business opportunity for a new exchange to open meeting the rules and requirements. The announcements will come soon. Then it will be business as usual without ICO scams.

Doesn't sound like much of a conspiracy I know. Guess I just like to stick to known facts and add a little future speculation.

[sylance]

I think it's a mixture; for sure China doesn't want a currency they can't control and they definitely need tax revenue from it.  But I also think the elites in China are dripping news out about Bitcoin so they can load into BTC during the dump and then sell after a few days.  They do this two or three times and they've doubled their investment.

[hous26]

I think its very simple. They simply do not want a currency they cannot control. They want to be able to ban ppl from using, they want taxes, they want to be able to monitor every citizen. This cannot be done with Crypto. Therefor China does not want any of it.

He hit the nail on the head.  China wants to control the flow of money within its borders, as do all states so its not really a conspiracy.  China will allow the exchanges to operate but they will have more stringent reporting in place which is not entirely bad.  There are certainly pros and cons. 

[Rags2Rickius]

1.  I think China want to temporarily crash the market so they can collect more BTC (and other coins dirt cheap) before announcing that they are officially adopting.  At that point BTC (and other crypto) will sky rocket.

2. They don't want their citizens to trade cryptocurrency and earn (relatively easily) in fear of losing their cheap labor force.  They will then try to make it as difficult as possible for it to flourish in their country.

Which is it???

I think you're right. Chinese people bought a lot of cheap coins because of the crash they caused..

[chutchmcgillicutty]

I think China is a neat place with lots of varying interests. No state-sanctioned conspiracy, but there are definitely power players who can manipulate the market for their own motives

[carlisle1]

1.  I think China want to temporarily crash the market so they can collect more BTC (and other coins dirt cheap) before announcing that they are officially adopting.  At that point BTC (and other crypto) will sky rocket.

2. They don't want their citizens to trade cryptocurrency and earn (relatively easily) in fear of losing their cheap labor force.  They will then try to make it as difficult as possible for it to flourish in their country.

Which is it???

first option can be possible as we knew how Chinese people rally working hard for this currency being adopted to their country and the easy way to create panics and to hold as much as they can is to bring this issue in the national public, so while other people start to collapse support from behind will start and collect those dumped coins.

[thompshma]

I agree with you %100. Im considering going back into NEO because of this.

I think by the end of the month they are going to change their opinion.

They have already played all their cards though, and now the prices are going up.

[bitjoin]

1.  I think China want to temporarily crash the market so they can collect more BTC (and other coins dirt cheap) before announcing that they are officially adopting.  At that point BTC (and other crypto) will sky rocket.

2. They don't want their citizens to trade cryptocurrency and earn (relatively easily) in fear of losing their cheap labor force.  They will then try to make it as difficult as possible for it to flourish in their country.

Which is it???

They seem to crash the market to buy back in, im not sure how much they can make in such a small market when its spread out between so many people.  I should imagine its mostly the top bitcoin players who control this thing and pay off whoever needs paying off.  On the bright note if they big players want to do this in this market its bullish long term.  Things ive noticed is the bad news comes in installments, like they are checking if its the right time or something.

[Temmy007]

1. I will not agree with theory one;  because there are more millionaires in china already respective to my country,  alibaba, Taobao and cos. Has really enriched it citizens.

[KingCanute]

Whatever the reason they did it... the inevitable outcome of situations like these is the big accumulators accumulate, while those who cannot afford to hold on to their assets sell on at a loss.

Every 'crash' of any kind is followed by institutional accumulation like this. The pie shrinks, but those who can afford position themselves with larger market share for the good times.

After every bubble more capital is concentrated in less hands.

So HODL or trade your way out of it (risky).

[Bes19]

Well obviously they want something from it. They want to gain taxes from it coz they know altcoin investors make good profit. They are just being manipulative and controlling freak. I hope they will be back in market by next month coz i believe this ban is one of the reason why BTC is currently down.

[Temmy007]

Come To think Of it;  i think the government is afriad of a currency they can't control,  so as the states,  most usa citizens can't parcipate in some ico's due to SEC regulations.  or they simply want to crash the market to buy in big.
 It either one of the two.

[reflector]

I think its very simple. They simply do not want a currency they cannot control. They want to be able to ban ppl from using, they want taxes, they want to be able to monitor every citizen. This cannot be done with Crypto. Therefor China does not want any of it.

But now OPs word has been become true because they did not going to stop license of the exchange sites from China. Hence all would be come to normal. If you look at the price also you can understand that. Now bitcoin value boon to 3580$. Hold more btc as well as alts.

[jnow]

1.  I think China want to temporarily crash the market so they can collect more BTC (and other coins dirt cheap) before announcing that they are officially adopting.  At that point BTC (and other crypto) will sky rocket.

2. They don't want their citizens to trade cryptocurrency and earn (relatively easily) in fear of losing their cheap labor force.  They will then try to make it as difficult as possible for it to flourish in their country.

Which is it???

#2 makes more sense to me, it's all about controlling the capital flows.

[Yanidas]

The definitely want a big piece of the pie and this is them sharpening their utensil before jumping in. I think there's no way they are giving up on the crypto fight with other nations or ignoring the threat that other nations could evolve and prosper and steal their pie from under their noses.