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Author Topic: Fake Chinese Bitcoins Crash Bitcoin Market  (Read 4365 times)
rampage101 (OP)
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October 05, 2014, 06:16:54 PM
 #1

Seems China is the culprit... mass market manipulation

http://bitcoinpricelive.com/chinese-bitcoins-crash-market/

Luckylui
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October 05, 2014, 06:18:49 PM
 #2

Seems China is the culprit... mass market manipulation

http://bitcoinpricelive.com/chinese-bitcoins-crash-market/

DAMN CHINESE!!! >:O

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CryptoCarmen
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October 05, 2014, 06:20:41 PM
 #3

Seems China is the culprit... mass market manipulation

http://bitcoinpricelive.com/chinese-bitcoins-crash-market/

There are plenty of day traders yes.
Elwar
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October 05, 2014, 06:21:51 PM
 #4

I have seen one of those fake bitcoins. Don't trust bitcoins you receive from an address that starts with a 0. That is how you can tell it is counterfeit.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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October 05, 2014, 06:48:31 PM
 #5

why no one said that fake bitcoins caused the rise to up 1000 level?

Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff
Some1else0
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October 05, 2014, 06:55:53 PM
 #6

China's been the source of so many price fluctuations. China pls.
rfcdejong
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October 05, 2014, 07:05:06 PM
Last edit: October 05, 2014, 09:11:08 PM by rfcdejong
 #7

Those chinese, well at least we now know it's value manipulation and we know it will go back up
Elwar
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October 05, 2014, 07:19:21 PM
 #8

why no one said that fake bitcoins caused the rise to up 1000 level?

Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff

They did...it is called the Willy bot.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
slaveforanunnak1
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October 05, 2014, 07:26:53 PM
 #9

I'm glad it's market manipulation!
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October 05, 2014, 07:29:11 PM
 #10

You forgot to mention that fake Chinese created the bubble in the first place. It was staying at 150$ at the most when the Chinese manipulation kicked in.
mnmShadyBTC
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October 05, 2014, 07:49:59 PM
 #11

why no one said that fake bitcoins caused the rise to up 1000 level?

Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff

They did...it is called the Willy bot.
The willy bot was just a bot that was buying bitcoin on behalf on large whales to prevent as much slippage as possible.

Similarly I find it far fetched that the market is being manipulated for it to make the price lower.

I think this speculation that the price is being manipulated is caused by the lack of regulation   

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October 05, 2014, 08:24:16 PM
 #12


I lol'd Cheesy
CryptoCarmen
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October 05, 2014, 08:50:09 PM
 #13

You forgot to mention that fake Chinese created the bubble in the first place. It was staying at 150$ at the most when the Chinese manipulation kicked in.

Yes the Chinese manipulators sold all coins last November at $1200, now wil crash market to buy back at $100
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October 05, 2014, 08:51:03 PM
 #14

why no one said that fake bitcoins caused the rise to up 1000 level?

Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff

Good point was wondering the same thing.


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October 05, 2014, 08:53:35 PM
 #15

Normal thing in finance markets, manipulation all the time
CyberSuzy
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October 05, 2014, 08:56:20 PM
 #16

How can be bitcoins fake? They are not USD and cant be just printed in high numbers.
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October 05, 2014, 08:58:26 PM
 #17

How can be bitcoins fake? They are not USD and cant be just printed in high numbers.

sure they can.. just like paper gold..


anyway best to just sit back and rid the tide

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October 05, 2014, 09:01:10 PM
 #18

Fractional reserve in crypto.. gads

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CtrlAltBernanke420
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October 05, 2014, 09:03:07 PM
 #19

How can be bitcoins fake? They are not USD and cant be just printed in high numbers.

In theory they could be selling coins to people that do not exist. Hence the problem with centralized exchanges. When it comes time to withdraw those fake coins, good luck. They do not exist….

Price discovery on an electronic online exchange.. in china, could be NOT REAL.. Even if bitcoincharts.com is reporting trades…

I can neither confirm nor deny what is happening, but there is something to be said about unregulated exchanges cooking' the books.
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October 05, 2014, 09:09:24 PM
 #20

Please someone explain how bitcoin can be fake?

i understand now.
on exchanges, and when you want to withdraw them on your BTC address you see nothing comes there.
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