China & $10K Bitcoin

[stompix]

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 beyond stupid.
So they dumped their coins, cut of all exchanges and then they watched as bitcoin went up to 10k , with no coins in their pockets and WE are the suckers?

What kind of twisted logic did you use to make this assumption?

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

How did they trolled anybody? How?

   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

Irrelevant. They just mine coins and sell them on the market.
There is no usage in China, there are no longer any exchanges (with a lot of fake volume), and most important , there was never real life usage in China.

End of the story!!! China is no longer relevant for cryptos.

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[farhan28]

Very funny matter...China never trust bitcoin & they banned bitcoin... After banning by China,everybody thought that the future of bitcoin is gone...But now without China,Bitcoin already reach near 10000$..I think now,China people are regretting to see the price..  

[miyaka26]

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?

The ban did little effects on bitcoin but it did not last that long, bounces back immediately then prepares to launch the rocket to fly, but the possible reality is that the Chinese gov't and some big miners/investor have their money tripled or in the other way is that they have no connection to bitcoin at all these present times as the ban still active in the China.  

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.

It is decentralized not Centralized, bitcoin has No central authority unlike banking systems with the Government and greedy businessman behind it, the blockchain is one of the reasons why it is decentralized, benefits of this burst is not just about the early miners but the Bitcoin enthusiast and the supporters who continue to hold their coin.

[gentlemand]

There's lots of theorising about Chinese folks heading to Korean exchanges. I really don't see how this is possible unless they stay crypto only throughout. It looks extremely hard for a foreigner to get fiat in and out of Korea.

If China had stayed in the game, and especially if the zero fee exchanges were still going, we'd probably be nowhere still.

China fucking off has been the most bullish thing in a long time. If Chinese miners all quit then we're golden, but they won't.

[tomahawk9]

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?

Who knows, but I don't believe China is behind the recent increase in the price.
I think the recent surge in the price is due to new money coming in like always, and FOMO from the general public that don't want to skip the chance to have some coins before the 10k mark, also, the news about the CME bitcoin futures coming into play in two weeks could be playing a big role behind the scenes within the big financial companies that are getting ready to enter the btc market. It's a combination of several factors rather than a single country pumping the price and manipulating the market to make profit.

[musicdj1]

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

You are absolutely right, just imagine how much they are making from transactions fees!

[Pantoflascrypt017]

I dont think China was behind it, instead look at Korea and Japan. Korea is heavily invested in bitcoin and bitcoin cash!

[musicdj1]

Very funny matter...China never trust bitcoin & they banned bitcoin... After banning by China,everybody thought that the future of bitcoin is gone...But now without China,Bitcoin already reach near 10000$..I think now,China people are regretting to see the price..  

You got it totally wrong man, China always trusted anything to fuck USD, but it will never announce it!

[musicdj1]

I dont think China was behind it, instead look at Korea and Japan. Korea is heavily invested in bitcoin and bitcoin cash!

China man China! What Korea & Japan are next I China minors plus China shadow Gov or deep state!
Bitcoin will be own or control by Chinese Gov, same as Ether is contrôles by Russian Gov...
Watch and you will see it clearly soon.

[patt0]

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 don't think so. When we saw the China ban on ICOs and the suspension of exchanges, we had a major drop in bitcoin and then it recovered but I don't think they were the ones buying it. I actually think that we only saw the Chinese citizens swapping from Chinese exchanges to Japanese ones. So most of the bitcoins probably stayed in the same hands. I don't think the Chinese government likes to speculate, and although I like bitcoin, and I hope they will have a future, in the end that's what I doing. I'm speculating, even though I hold more than what I trade, but it's still speculation.

Their ban was real, and they might accept them again so they can try to "control" them, and at least get some taxes out of it, but I don't think they like them, and that they are buying them for profit. They really want them to fail.

[bocyaj]

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.

Many people from china also doing of trading with bitcoin.Bitcoin is best place to keep your holding money.Bitcoin is not fully banned in china and all.Many are doing trading and mining in China.It's not possible to abolish bitcoin from any country fully,bitcoin gaining is strength day to day.

[asdlolciterquit]

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

let me understand better What did they ban exacly? Only exchange fiat/btc? It's not a great way to stop btc i think...

maybe you're right man..they have trolled us..

[Pantoflascrypt017]

I dont think China was behind it, instead look at Korea and Japan. Korea is heavily invested in bitcoin and bitcoin cash!

China man China! What Korea & Japan are next I China minors plus China shadow Gov or deep state!
Bitcoin will be own or control by Chinese Gov, same as Ether is contrôles by Russian Gov...
Watch and you will see it clearly soon.

There are big players in China for sure but i dont think it is all behind China. They did play it very smartly though, the way they manipulated the market!

[GoldenOrder]

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 beyond stupid.
So they dumped their coins, cut of all exchanges and then they watched as bitcoin went up to 10k , with no coins in their pockets and WE are the suckers?

What kind of twisted logic did you use to make this assumption?

Thats the way big traders make money. They sell right before it falls in price and then when its on the bottom, they buy again before it goes up. China might have sold before the announcement, then bought back when it was at the correction/lowest point. This way they could have made more BTC/$$.

[WiryEve]

There is a conference blockshowasia in Singapore ..did anyone hear about? Im staying there and thinking about possibility to visit

[francedeni]

I dont think China was behind it, instead look at Korea and Japan. Korea is heavily invested in bitcoin and bitcoin cash!

China man China! What Korea & Japan are next I China minors plus China shadow Gov or deep state!
Bitcoin will be own or control by Chinese Gov, same as Ether is contrôles by Russian Gov...
Watch and you will see it clearly soon.

There are big players in China for sure but i dont think it is all behind China. They did play it very smartly though, the way they manipulated the market!

It is possible china has contributed on this bitcoin price drops then suddenly recover. But I think there are other countries has also contributing or has the role in this bitcoin price movement. Yes i think korea and japan also.

[rainbow169]

Reading the policy lines, I think China probably missed the boat as they tried to cut out the financial risk that crypto risk might introduced to the main economy. They probably see too much down side unlike Japan and Korea who are well behind crypto.

I think there might well be a come back from china, when they think the time is right. And when they do come, we will see the next massive wave of increase of bitcoin.

[gawukaa]

No. I also don't  think the Chinese government bought that much

[dimonstration]

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.

yes they cant do that cause only internet can stop bitcoin to progress but as long that there is a internet no one can ever stop for it and as far as i know that china ban this but not as totally and they dont intention to ban this just to stop bitcoin cause even though they can back bitcoin for again.

[AVAMONEY]

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.