I think the Chinese are fucking you guys

[Stingray1970]

I have watching the cryptos over the last couple of months and there is clearly someone playing strategy. As most of the miners are in China, I think it's them.
I'm however stumped at why so many people still fall into the trap.

What do you think ?

[namjar]

It is true, most of the last movements on the price have been created and speculated about the Chineses, they are the most responsibles about the last mess about bitcoin cash that happened during this week.
They tried to dump bitcoin, but now it is rising again.
I dont know why they are trying to kill bitcoin, far as i know, they were planning another attack on the btc network today, they were going to spam the whole network again in order to congestionate it a little bit more.
The story repeats and speaks for itself, those chineses are really fucking us.

[kotajikikox]

It is true, most of the last movements on the price have been created and speculated about the Chineses, they are the most responsibles about the last mess about bitcoin cash that happened during this week.
They tried to dump bitcoin, but now it is rising again.
I dont know why they are trying to kill bitcoin, far as i know, they were planning another attack on the btc network today, they were going to spam the whole network again in order to congestionate it a little bit more.
The story repeats and speaks for itself, those chineses are really fucking us.

I agree with you buddy because the main reason china government want to regulate bitcoin because want to control the bitcoin as currency in their hand, I think that's the reason china want to bitcoin goes dump to destroy bitcoin in the crypto world.

[10yearsolder]

I have watching the cryptos over the last couple of months and there is clearly someone playing strategy. As most of the miners are in China, I think it's them.
I'm however stumped at why so many people still fall into the trap.

What do you think ?

Apparently, that is the true case. China is a country very much wanting to manipulate and dominate everything. That is why when a certain coin is handled mostly by the chinese, I would already think twice of investing into it. What is advantageous though is that there are other pumps happening with their backing and you can easily ride with it. But this will be good only if you are 100% accurate in your predictions. Although it remains very risky in that you cannot be 100% sure. They might suddenly dump with all of you joiners becoming victims.  

[joinfree]

China represents more than 40% of all the bitcoin total population and usage, if china decides to kill bitcoin, they are able to do that because they are almost a fifty percent of all the bitcoins.
The other sixty percent is all around the world, but they would feel tempted to follow their rules too.
But aparently they were not able to kill bitcoin at all, because all their plan has failed and bitcoin cash is under $850 at the moment, just lets see how much it is able to drop in the next hours.
I think that it will be five hundreds soon.

[bling-bling]

I have watching the cryptos over the last couple of months and there is clearly someone playing strategy. As most of the miners are in China, I think it's them.
I'm however stumped at why so many people still fall into the trap.

What do you think ?

China is actually f_ _ _ _ _ g a lot of nations with their drug tradings and other numerous illegal activities. But we cannot really point them as the manipulators of the crypto system. But the thing is, even if there is someone controlling the system, a lot of people are still earning and benefiting from it. So it's still a good thing...

[dothebeats]

Nothing new. Honestly we still think that the Chinese have great influence over the markets even though all of their exchanges have officially closed its doors to the public. I've got some Chinese friends who moved to HK and Japan just to continue trading with their bitcoins and the cryptocurrency market in general. Whatever happens with their regulations, the Chinese would always find a way to come back to the scene and do these orchestrated pumps and dumps.

[MakeMoneyBtc]

There is clearly happening something between China and Bitcoin because the price varies a lot in the last months because of them. First, there was the part with the exchangers wich was ok at the end but now something bigger is happening. I think they try to destroy bitcoin ,so they can create another cryptocurrency that will replace bitcoin so they can get huge profits from it. I dont think that is going to happen because it is not so easy to destroy bitcoin

[kureijibitcoin]

I've been researching, reading every post in this forum for days now, waiting for the right time to have the guts to put some good money in bitcoin. Everyday, i've been reading the same things: "Bitcoin will never fall", "the chinese have failed", "they will never make it, cause bitcoin is strong. believe in it". And when i finally did buy bitcoins, i see this post, where you guys are saying totally the opposite. Wtf has happened?

[Stingray1970]

My take : they are pumping the price right now and then they will finally ban it, but not untill a lot of gooks have gotten their money out at a lot of other people from other nations expense.

[wolfracer]

Stop think about stupid conspiracies, Although Bitcoin was decentralized in its beginnings, now it is more centralized not only by Chinese miners if not even Russians, definitely what was expected of bitcoin at the time of its creation has been completely distorted.

[Kprawn]

The Chinese just do what they do, no reason behind it. Do you watch the TV series "Whale Wars"? You will see that

some of them simply do not give a fuck. They are involved with some of the shadiest practices in the world. {Rhino

and Abalone smuggling and even endangered Sea horses and many other. If they can make money, then they will go for

it, no matter what laws are broken. Why would price manipulation in Bitcoin be any different? They have the majority of the

mining hash power and they will use that to their advantage, no matter what stand in their way.  

In every other country, we have a group of people... who think they can just do what they want... no matter what.. the

Chinese just takes it a step further.

[HasHe]

I have watching the cryptos over the last couple of months and there is clearly someone playing strategy. As most of the miners are in China, I think it's them.
I'm however stumped at why so many people still fall into the trap.

What do you think ?

Yes,the bigger hand behind these chaos is none other than china.We could see the supporters of BCH are chinese miners,supporters of Segwit2x are chinese miners and chinese exchanges,supporters of BU earlier are chinese miners.Just overall,they are trying to destroy bitcoin totally.Its really an inside job by china.That's why,china has not yet banned bitcoin mining there.

[stompix]

China represents more than 40% of all the bitcoin total population and usage, if china decides to kill bitcoin, they are able to do that because they are almost a fifty percent of all the bitcoins.
The other sixty percent is all around the world, but they would feel tempted to follow their rules too.

Where do you get those numbers from?
This is pure bs, Chinese users are a lot fewer, they just played a lot on 0 fee exhanges, when the game was up so where the million "users".
Check the full nodes map and the ips tracked by those node and you that pretty much show china is lagging way behind the US.

I have watching the cryptos over the last couple of months and there is clearly someone playing strategy. As most of the miners are in China, I think it's them.
I'm however stumped at why so many people still fall into the trap.
What do you think ?

I'm stumped as I don't see the trap.
So , there are more miners in China, what does this have to do with everything else?
What strategy are they planning? Care to elaborate or you just like making threads about conspiracies theories ?

Yes,the bigger hand behind these chaos is none other than china.We could see the supporters of BCH are chinese miners,supporters of Segwit2x are chinese miners and chinese exchanges,supporters of BU earlier are chinese miners.Just overall,they are trying to destroy bitcoin totally.Its really an inside job by china.That's why,china has not yet banned bitcoin mining there.

Let's continue this a bit with the facts.... the same miners that are still choosing to mine BTC at a rate of 11:1 vs the BCH chain.
Also don't forget that if a chinese pool has 10% the hashrate it doesn't mean all the machines mining there are chinese.

[darkangel11]

Stop think about stupid conspiracies, Although Bitcoin was decentralized in its beginnings, now it is more centralized not only by Chinese miners if not even Russians, definitely what was expected of bitcoin at the time of its creation has been completely distorted.

These theories aren't stupid. You have to be if you believe that everyone is playing fair here.
Do you remember when there were rumors of BTC being banned in China around 3 years ago? You were regularly seeing a leak, supposedly from a government source that confirmed it, people dumped everything and panicked for a week, then the government refused to comment on the leak, the price started to recover and there was another leak. It was like that for at least 2 months! Somebody was playing the market and making a lot of money on it.

[mobnepal]

My take : they are pumping the price right now and then they will finally ban it, but not untill a lot of gooks have gotten their money out at a lot of other people from other nations expense.

China have already banned bitcoin trading so chinese can't trade bitcoin against their local fiat so point of them cashing out their bitcoin right now doesn't add up.

To pump price they also need to use their local fiat which they can't as there is no any trading platform that allow fiat deposit for chinese traders. So  its just your assumption, but I also think some correction after all this huge surge is quite possible.