China & $10K Bitcoin

[ScammerExposer]

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?

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[junoreactor]

Impossible to know.
But one thing is for sure, all of us, holders on this forum, are just spectators.
That's also the reason why many don't trust Bitcoin and hesitate to buy, because the price has always been volatile.
In the end, I don't really understand these people, since if you don't trust Bitcoin, you can still buy and sell short term. I mean the risk to lose in the short term is very small right now.
Just my opinion, not an advice.

[wndrbr3d]

I Think we will see a deep correction after mark of 10k$ usd, Whales need to fix their income. Do you know anybody from BIG whale investors who invested more than 100k$ in crypto? They think it`s not reliable investments.

[bakerlisa510]

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?

There is no question! Yes they did.
It was well planned and it worked.

[vxioqvln]

To be sure, the Chinese government will not sucker. They want to exclude bitcoin, because bitcoin is centralized. Cannot control
I think the biggest beneficiaries of this matter are the early miners.

[thesavoyard]

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.

[Palmholder]

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?

There is no question! Yes they did.
It was well planned and it worked.

  Sure. Master of the game always wins. China is the biggest miner in the world and it also bigest hardware manufacturer, they can do whatever they want go get profit. Who feeds a girl dances with her

[Raffielo]

I Think we will see a deep correction after mark of 10k$ usd,

I think it’ll hard fork after $10k. Also, others are attempting at propping up NEO, so it can better compete against BTC. I think the BTC rush is mainly Wall Street off shoots preparing to get into the market next year. One announcement has already been made publicly about CME wanting options trading & planning starting negotiations Dec 11.

[bitminerox0621]

  is this the next level plot by the Chinese governmen?? 

[tippytoes]

We can't tell exactly what really happened from their side. But, they influenced the price of bitcoin. For all the bitcoin holders, just be very careful on how you manage your coins. Sometimes, panic selling is the last resort when bitcoin price starts to go down and now look at the price, such overwhelming price of btc!

[endlasuresh]

I see you had interesting point, but we are only members here and no one pay attention to our words. China may thought if they ban or kick to Bitcoin then the price will fall, but Bitcoin had proved by becoming triple of $3500.

I think many chineese might began disliking to their Government because these price of Bitcoin and Altcoins increase.

[rjbtc2017]

It's NOT only China alone, remember Dimon also joining the piling FUD of the people in whole world during that time everybody cash out their money. It is possible that China strategically do this but we cannot say the truth here, we don't know any Chinese person who can expose them but the only fact here is that some of them have their own bitcoin and the one of the big Mining equipment is in China, so possible that a lot of Bitcoin holders are there, the possibilities of Bitcoins dump on price can happen when these Chinese Bitcoin Holders sell their Bitcoins. Great Manipulation, but we do not have concrete evidence so it will still remain a speculation.

[googs84]

News of China`s ban/regulate was a shock for bitcoin community. China was the biggest trader and bitcoin minor of bicoin currency. I think China was the biggest revenue generator of bitcoin currency. Due to cheap electricity and low labour cost bitcoin mining was in full swing. China is a communist country, so it is hard for the government to control or supervise such a decentralise currency. So by giving security reason they banned bitcoin transactions. This news panicked bitcoin market, resulting in sharp 20% fall in bitcoin price. But it was a temporary setback. Bitcoin community showed faint/trust in bitcoin. Because of this bitcoin today crossed $9700 mark.

[Voice-Of-Reason]

it is a valid point, since they didn't ban mining, or hardware manufacturing related to cryptos, could the chinese have trolled everyone 

[BitNoLimit]

great point dude

[megynacuna]

it is a valid point, since they didn't ban mining, or hardware manufacturing related to cryptos, could the chinese have trolled everyone 

They are powerless and their threats and ban on exchanges  have been reduced to nothing. I don't think any government will be able to successfully ban bitcoin without shutting the internet and so i don't think they could have trolled anyone.

[Lucius]

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?

What does China have to do with the increase in prices of BTC since they stop all trading and shut down all exchanges few months ago?Even if they shut down all mining operation and introduce the death penalty for the use of BTC,it certainly would not end cryptocurrency.And you had the opportunity to triple your money only if you have some BTC in your wallet and do nothing.

I Think we will see a deep correction after mark of 10k$ usd, Whales need to fix their income. Do you know anybody from BIG whale investors who invested more than 100k$ in crypto? They think it`s not reliable investments.

100k$ is nothing,big players invest millions few years ago in BTC,just check Tim Draper who invest 18 million $ back in 2014 and predict 10k$ price in next 3 years.There are many smart investors who made fortune on BTC,they do it also today.For ordinary people 10k$ for BTC is expensive investments,but for those who have millions or billions $ it's actually pretty cheap.

[Opquar]

Nah. I do not think the Chinese government bought the dip. Instead, the Japanese and Americans took up the slack. They did not ban exchanges because they have a vendetta against bitcoin. Their economy has cracks in it and they were desperate to plug them.

[gabmen]

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?

Funny but that is a likely possibility. Imagine those chicky eyed millionnaires chuckling while the market went crazy when they banned exchanges with the intent of buying cheap. Great strategy however annoying it was.

[SONG GEET]

I dont think there is still effect from chinese traders in the market as they cant trade cryotocurrencies for their local fiat. So they cant manipulate the market like they used to before. However i also dont think current surge will be stable.