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Author Topic: China & $10K Bitcoin  (Read 1096 times)
AVAMONEY
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November 28, 2017, 12:17:38 AM
 #41

I always suspected China was manipulating Bitcoin. With the recent hostile stance towards it though I have more doubts. I think the general feeling is that the Chinese government doesn't understand the technology. I think this is genuine mass-adoption. Digital currencies are gaining steam, I teach English on the side and all of my students are interested in Bitcoin.
I don't think so Chinese government doesn't understand this blockchain technology. But i do agree, as my opinion this is such as scenario. China ban bitcoins, they looking for dip price. Later they pump Btc with buying as many, makes the price going high. China always take into account the economic benefits.

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November 28, 2017, 12:19:09 AM
 #42

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?



You theory makes sense, the problem that is not possible to back it up unless an insider proves with legit claims.

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November 28, 2017, 12:38:33 AM
 #43

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?



i bet that is true. welcome to the financial world where no one can be trusted. not even a CEO of JP Morgan and a government. this is the fact.

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November 28, 2017, 04:48:37 AM
 #44

One thing for sure is that during the pump, people cannot spread rumors about china banning bitcoin anymore.
In the past how many times have such rumors lead to major dump of bitcoin?


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huynotientao
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November 28, 2017, 04:50:10 AM
 #45

I do not think only China. All of the whales have come in and made the price. But the bitcoin value increases with our beliefs. that made me happy ^^

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November 28, 2017, 04:50:59 AM
 #46

China is pretty hostile to bitcoin, its not something they can control and competes with their Yuan
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November 28, 2017, 04:52:33 AM
 #47

An individual or an organization can not make a bitcoin. There are a lot of big men involved. bitcoin prices are increasing. That is a good signal for us

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November 28, 2017, 05:03:37 AM
 #48

I don't think any connection between price bump and China ban,the price of bitcoin is increasing due to many people started to trust the bitcoin so they will make huge profits in the future by investing now.
We knows that bitcoin price is increase when the demand increase so the price increasing because of more investors.At the time of China banned bitcoin huge price fall occured because China is the most populated country in the world so many investors are from china so it affects the price when china ban bitcoin.
After that more people from other countries started to invest on bitcoin so the price of bitcoin increased.So no relation between china ban and bitcoin rise in my view.

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November 28, 2017, 05:03:51 AM
 #49

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?

absolutely they did, they always want to earn and no other way to lose, so they ganna make some tricks to make them more profits. whales  always can do what they want, they can manipulate even this crypto (bitcoin), china is one of the big investors and miners all over the globe so they can role some things in their own hand.

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November 28, 2017, 06:19:54 AM
 #50

An interesting hypothesis. Following this logic, we can assume that when bitcoin will cost $ 10,000, we should expect a very strong fall.
Maybe even below $ 1,000.

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November 28, 2017, 06:48:30 AM
 #51

I don't think so, China has nothing to do with pricing of bitcoin it was just that timing when China declares bitcoin ban while the value is dropping. The reason behind bitcoin pump and dump is simply because that is the nature of bitcoin it keeps fluctuating especially now the the demand keeps increasing. There's more pump and dump to be expected in the coming years and no country will be held liable for that.

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November 28, 2017, 07:11:14 AM
 #52

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
No. bitcoin is not owned or controlled by any government or corporation. Bitcoin is peer to peer and fully decentralized. Bitcoin value tripled because CME announced introducing bitcoin trading on their platform this December. Cool

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November 28, 2017, 07:32:44 AM
 #53

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?



I am not sure with this but the chinese government has the possibility to did this and they are watching until now. but now, I think not just china that want to make a big money but the other country wants too and they have their chance. and if the price still increases, then many people will make a lot of money and the government will have their own money too. but I don't think that the ban from china will give effect for bitcoin price especially now, many people from other country know that bitcoin will increase more.


 
 
 
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November 28, 2017, 07:34:25 AM
 #54

You yourself said China was the reason behind the drop. Many of the Chinese investors sold their BTC and left the battlefield. The price was dumped since the investors kept on selling. They would not have tripled their money but had regretted of selling their coins at such prices. Bitcoin has reached $10,000 and the holders are pretty happy on seeing BTC achieve the target quite sooner then expected. China will still be regretting their decision of making that dump.

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November 28, 2017, 07:45:36 AM
 #55

China banned bitcoins and Chinese investors are focusing heavily on bitcoin and large sharks

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November 28, 2017, 07:50:32 AM
 #56

My oppinion is that bitcoin market cap is too big to allow its prize to be manipulated by single player.
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November 28, 2017, 07:53:50 AM
 #57

That's a really hard question. My opinion - no they didn't, that's not such a big amount of money for China
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November 28, 2017, 07:57:00 AM
 #58

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?

this is just some conspiracy theory that you have.

in fact from what I have seen China has never been behind any of the drops. the FUD containing the word "China" was the reason though but that doesn't mean the Chinese or their government is responsible!
everyone loves FUD, when we know we can make about 30% profit in just a couple of days because there are weak hands in the market that can be shaken out easily with the lie about some "boogieman" figure that is out trying to kill bitcoin!

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November 29, 2017, 08:04:00 AM
 #59

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?



That's a good assumption. We know that china is a big player in the cryptocurrency market and during that time, many people though that china pulling out on exchanges would cripple it hence the panic. We may possibly have been toyed there by c
The chinese and they're probably enjoying this btc rise more than any of us

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November 29, 2017, 09:02:33 AM
 #60

I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?



Yeah that price dropped is when china government banned bitcoin in their country and announce it worldwide, this made me think that it will be held to a series of dropped. but now bitcoin is unpredictable in terms of value hopefully it will last long.
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