Bitcoin price is being manipulated in China

[audaciousbeing]

Its a possibility that its being manipulated but to the best of my knowledge, any anonymous story does not hold water and I am sure we will need more than that reported speech to actually believe what Op is trying to pass across. Another way to look at it is why is that its only China that its being manipulated with the number of users we have all over the world. That needs answer as well as what will be the volume of BTC they will hold to actually be able to influence price among other questions that remain unanswered.

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[Dwetha]

Yes its a sort of manipulated in china but that is not something that is bad but its of course also not great... the fact is that there were a lot of miners over there.

[Frank Alister]

Nobody actually can control the price. I really don't understand why people think that at the time   And what do you mean exactly manipulated, do you think bitcoin is like a boll?

[sportis]

To my way of thinking is logical bitcoin being manipulated by China because is first time Chinese are not under control of PCB. Furthermore is easy anyone to find that the biggest percentage of bitcoins is traded with Yuan. On the other side even though the last years Chinese government imposed a strict policy forcing the media to Censor bitcoin summit there is no reason to act as OP claims. Chinese markets has the power to move bitcoin's price every where they wish.

[shield132]

At firat remember that no one is telling such informations publicly and than, everything what you said has some reality in it. Price of bitcoin and ecen USD is sometimes manipulated. Imagine what was price of petroleum some years ago and what is it now, it's very less and that was manually manipulated against russia, am I wrong? So situation was and always will be manipulated in every currency while it is known and I think only that country isn't doing such things, many big players from different places make decisions together.

[Taki]

How is that price manipulation?

I am pretty sure this post is a troll. It is even funny how many replies he gathered.

I am more to believe to what legendary member says than to this thread. I thought that bitcoin is not controlled by anyone. China is known only by the number of users.

[R00TC0IN]

How is that price manipulation?

I am pretty sure this post is a troll. It is even funny how many replies he gathered.

I am more to believe to what legendary member says than to this thread. I thought that bitcoin is not controlled by anyone. China is known only by the number of users.

Could they be meaning by the amount of users in bitcoin in china that could be a factor too.

[densuj]

I don't think that bitcoin price is being manipulated by government of China
because there are no valid proof and as we know bitcoins is not fiat currencies
movement bitcoin's price depend on demand and supply.

Even though there are many users of bitcoins on China doesn't mean
they can be manipulation bitcoin's price.

[Gwerrahar]

It was a bit manipulated but I have to say that I right now not know if this is still the fact due to the droppings and that mining is not so profitable anymore.

[iqlimasyadiqa]

china is the power of bitcoin that exist in the world today. they have a very strong resources. we can assume that China can do anything. necessary controls and regulations in order to comply with the rules bitcoin. all of this must begin today. create an agency that regulates bitcoin.