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Author Topic: Is this the reason Bitcoin is going down today?  (Read 3019 times)
drdejanm
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December 05, 2013, 09:52:17 AM
 #1

http://rt.com/business/bitcoin-china-financial-institution-754/
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SquashJ
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December 05, 2013, 09:54:55 AM
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Yeah, there's about 15 threads about it scattered around the forum. Maybe people are panicking.
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December 05, 2013, 10:13:21 AM
 #3

And bankers are buying bitcoins at a lower price at this moment!
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December 05, 2013, 10:32:52 AM
 #4

Or it was just a matter of time before we had another profit taking sell off. I mean, we've gone up more than 800% in less than 2 months. That's insane. You can't just keep going up and up and up without anyone selling.

Even if we went down to $500 again I wouldn't say that it's unexpected.
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December 05, 2013, 10:52:14 AM
 #5

Just a momentary blip

Normal service will soon resume, I hope.!

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December 05, 2013, 11:01:22 AM
 #6

http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205

Will take me a while to climb up again, But where is a will, there is a way...
sana8410
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April 23, 2014, 06:48:01 AM
 #7

In my opinon, before the wealthy hide their money in bitcoins, bitcoins need to be able to accommodate the volume they will need. Isn't a short a promise to provide Bitcoin at a later date for a lower price.

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sana8410
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April 23, 2014, 08:51:57 AM
 #8

the difficulty of exchange between Bitcoin and dollars or euros. But that will rapidly change once some of this "rich" money begins to pour in. Supply and Demand, and nobody does Demand like the very rich.

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honorem
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April 23, 2014, 11:05:17 AM
 #9

This is all BS people just want to buy cheap btc
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April 25, 2014, 05:17:59 PM
 #10

BS speculation.
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April 25, 2014, 06:09:51 PM
 #11

China bans, China doesn't ban.
China hates bitcoin, China likes bitcoin.
China supports bitcoin, China opposes bitcoin.
China buys bitcoin, China sells, China buys, China sells.

Make up your mind China!!

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April 25, 2014, 10:09:52 PM
 #12

China bans, China doesn't ban.
China hates bitcoin, China likes bitcoin.
China supports bitcoin, China opposes bitcoin.
China buys bitcoin, China sells, China buys, China sells.

Make up your mind China!!


China will eventually have to give in as more and more bitcoin mining companies source their manufacturing to the East, providing economic incentives to governments who support the expansion of their electronic manufacturing sector, a key area to many countries.
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April 26, 2014, 05:41:13 AM
 #13

China bans, China doesn't ban.
China hates bitcoin, China likes bitcoin.
China supports bitcoin, China opposes bitcoin.
China buys bitcoin, China sells, China buys, China sells.

Make up your mind China!!

Boy, China and the Chinese people have already made up their mind. It is the non-Chinese short-sellers who are spreading the rumors like wildfire and crashing the exchange rates of Bitcoin.

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April 26, 2014, 10:00:23 PM
 #14

I'd say it has something to do with the current price.  People need to learn to look past what the governments say and what they acutally do.  This IMO is just a fear tactic to get people out of the market so the price will remain low and won't become a threat too the banking system.  They want to manipulate the market and people should ask themselves why that is.
sana8410
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April 27, 2014, 12:59:42 AM
 #15

yup just more speculation, the panic frenzy and idiots that buy into them. 

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April 27, 2014, 07:19:23 PM
 #16



Hahaaaaaaaaaaaaaaaaaaa  Grin and again Silly panic sellers .... goooodbyeeeeeeeeeeee  and never come back in the real world !
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April 27, 2014, 09:25:56 PM
 #17

i would not be suprised china spread panic just to buy cheap BTC and control it. they are not dumb and sure they realise BTC cant be controlled otherwise.
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April 28, 2014, 01:26:14 AM
 #18

China bans and panic selling is a daily thing nowadays.
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April 28, 2014, 08:30:26 AM
 #19

China bans and panic selling is a daily thing nowadays.

The story will grow old soon enough.
Many of us are ready for fresh news.  Smiley

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April 28, 2014, 10:37:39 AM
 #20

China bans and panic selling is a daily thing nowadays.

The story will grow old soon enough.
Many of us are ready for fresh news.  Smiley

Maybe of China lifting the ban that never existed. Cheesy
Seriously: I don't understand why people keep freaking out so much about chinese rumors. If you ask me, I'd say this is one of the dumbest kinds of market manipulation I've witnessed so far. Even if it were true it doesn't affect bitcoin so much (it would if bitcoin would already be established as a major currency in china which cleraly isn't the case today).
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