China playing a game :D

[Potato Chips]

Chinese users are only a fraction of bitcoin users, are they important? Yes, but the community can survive without China. Last time I checked they control less than twelve percent of bitcoins traded.

they still have an impact to make some shake because there are many people still new to this industry, so every moment that they do some action those newcomers and weak holders are reacting thinking that the value is controlled by china not thinking that whales are also just around and waiting for them
to sell their cheap coins.

yah don't forget that whales have the ability to move the market and china itself is a whale so there will be always a significant impact. although in my opinion this crackdown is not

enough to bring an end to bitcoin, yes the price will crash but i'tll surely go back to its higher price. just to be clear china didn't completely ban bitcoin and altcoins but there is a

severe measures to discouraged users such as banning ico's and ordering some exchanges to close

[SUDARMONO]

yes it must be only the game of china to profit from the declining bitcoin price that in panic selling, and now bitcoin prices have started to go up and up keep the price, and we also have no harm to put our money in bitcoin as future investment, because seen of the bitcoin price increase each year.

[dothebeats]

To be more specific Chinese traders and investors are playing a game. Up to now, it is rumored that the whole Chinese drama is staged and that Chinese investors are the mastermind to short the hell out of the mayhem it caused, which they succesfully did. Give it a few months, and there goes another news that China is reconsidering their decision in regards to bitcoin exchanges and trades.

China or without China, the market will strive with new players in the table.

[Lord_Trajan]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

Thank god they banned exchanges! They can't manipulate the market any longer. This is good.

[Farhan25]

Yeah!! China playing game...they thought that without them bitcoin will be banned...but they are wrong..if they don't use bitcoin,other country will do...I am happy that they can't manipulate the market any longer

[au2man]

I'm in China and nothing gonna change.

[Sithara007]

Yeah!! China playing game...they thought that without them bitcoin will be banned...but they are wrong..if they don't use bitcoin,other country will do...I am happy that they can't manipulate the market any longer

They have already manipulated the market, right? Look at the exchange rates. They are hovering at around $3,500 to $3,700 per coin. And this is almost 20% lower than the rates before the China ICO ban was implemented.

[iv4n]

I also think that someone is playing a game, maybe not China because I didn't saw official announcements from them, that makes me think that someone is spinning the news. This is not the first time that we see manipulation with bitcoin price, and how someone is creating panic in bitcoin community. I suggested to all here to save bitcoins and to not fall on provocations, JP Morgan and others tried to contribute to this bad news with their attacks on bitcoins but after a week situation is clear and nothing happened, bitcoin is just made new floor and that flood is higher then ever.

[Monkey D.Luffy]

They try/tried to ban it and made it but people can still use em and invest in em they just can't openly state it.

[FasTroy]

They try/tried to ban it and made it but people can still use em and invest in em they just can't openly state it.

They maybe can effect the Bitcoin for just a period of time, but they can't banned it which they result of dying or anything like that. Bitcoin is more powerful than be controlled by one country in the whole world. That right, that China have a high population but it's hard for them to destroy the Bitcoin.

[boyptc]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

Since before they are one big player in different types of market and industries. Reverse engineering industry, plastic wares industry and all sort of industries they are the biggest part of it and for our main concern which is bitcoin / cryptocurrency they are surely making their own regulation for their people. They may have banned crypto's(ICOs) and force close of exchanges, they had to remember that crypto's can run even without them.

[KroFly]

They try/tried to ban it and made it but people can still use em and invest in em they just can't openly state it.

They only scare people. And they are good at achieving goals. Bitcoin has not been restored for a long time. The price fluctuates very much. I hope that the Chinese government will stop manipulating the price in October

[pucunghul]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

yes, china is making a new scenario, i'm sure it is. I think bitcoin will surprise, there is an issue about russia who want to legalize. and now china is also playing again. let's see what will happen next.

[GreenBits]

They try/tried to ban it and made it but people can still use em and invest in em they just can't openly state it.

They only scare people. And they are good at achieving goals. Bitcoin has not been restored for a long time. The price fluctuates very much. I hope that the Chinese government will stop manipulating the price in October

they are doing a noble thing with the introduction of regulation, but they are trying to hide their intention of manipulating the price short term behind this. if this were a well thought out thing, there was no reason for the rumors to persist for a week before they were formally addressed. the amount of value that was lost hurt their citizens more than it hurt the global community, why would you do that to your citizens? they could have stopped all the panic the next day, if they intended too.

im still torn as to the why. to buy in more, to introduce a rival coin, or to prevent a transfer of wealth to the middle/lower class?

[kiemponxs]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

so true. I agree with you. i just want to know what china will do next. this became my research material, I think there will be a play back.

[Doell]

Bitcoin price will going to the moon. because China only play they game, now they banned cryptocurrency, next time they created a good regulation of cryptocurrency... So prepare for that time...

not unlike where the authenticity is still confusing, china which he said has declared will kill bitcoin, but some chinese do not tell the truth of the news, I think this is a whale game that has manipulated the exchange.

[fitriyanti]

I think so too, they want to master as much bitcoin as possible by making the rules and regulations that make bitcoin holders remove their bitcoin and they will take all the bitcoin on the market. after that booomm, they, legalize bitcoin

[Dobmader]

yes it must be only the game of china to profit from the declining bitcoin price that in panic selling, and now bitcoin prices have started to go up and up keep the price, and we also have no harm to put our money in bitcoin as future investment, because seen of the bitcoin price increase each year.

Yeah they want the price of the bitcoin to go more and higher. Some of the people are using bitcoin to earn the profit. China is saying the different things and the price of the bitcoin is getting down now and the price will increase in the future, it will be up again some people are saying that china just want to make the bitcoin cheaper so that they will increase the price and will unban it in the future.

[Falgorn]

China does indeed play some game with a crypto currency. Perhaps the Chinese government once again wants to test how much it can affect the whole of the crypto currency, and if it succeeds, subordinate it to itself. If it sees that it simply loses its revenues to its economy because of its activities, it will inevitably release the crypto currency. While experiments continue. I think bitcoin and other crypto currency will win.

[ivrynx]

It is a fact that when china did something regarding cryptocurrencies, there is a huge effect, being that china has a large population of people who uses cryptocurrencies and also invest on them, china did not only affect the price of bitcoin but thr prices of altcoins as well. The movement of china still is unknown, why did they legalized then ban bitcoin, it is possible that the chinese government, wants the world to see that without them cryptocurrencies will be devalued or be killed, i think this is also one of the reasons why they didn't hesitate close down exchanges, that is to show the world what they are capable of, unfortunately for china, bitcoin as well as altcoins still is alive even if they banned them. I hope that china wouod rrconsider its actions and again legalize cryptocurrencies, since it will be also beneficiary for them. I don't think that china is playing a game here, they probably just want to show the world, that evrn in thr digital world, they still rule, but that will not be the case, digital currency is for all, though they have a large population, there are still countries that compensate their loss.