Apparently today's bitcoin dip is due to more shenanigans in China

Apparently today's bitcoin dip is due to more shenanigans in China.

First there was some fake news about stolen bitcoin and bitfinex being suspended:
nbd.com.cn/articles/2017-01-11/1069119.html

Then there was more PBOC meddling with the announcement of "inspections" regarding bitcoin at certain businesses, including BTCChina:
shanghai.pbc.gov.cn/fzhshanghai/113571/3233069/index.html

All of this is merely hot air, since the Chinese know it would make no sense to outright ban bitcoin; though they may even try that if they're desperate enough.

In the short term, these things are going to cause bitcoin to dip because it just makes people skittish; but they are obvious signs of desperate strong-arm measures that are sure to further undermine the credibility of the Yuan.

To add: the Turkish Lira and Mexican Peso are at historic lows.

Shouldn't be too long until more people than the Chinese and Venezuelans wise up.

>memecoiners trying to explain themselves

>b..but muh fake news caused it!
>coinfags using mental gymnastics to try and escape the fact their meme currency is finished

Guess what retards. Actual currencies aren't vulnerable to "fake news" and governments fucking about. Shitcoin is on its deathbed.

Bags getting heavy uh ya stupid fucking coiner

>Shitcoin is on its deathbed.

No way, there's way too many whales out there who haven't pumped and dumped yet. This is just another cycle to defraud coiners. Plenty more to come.

>Actually buying bitcoins when 2017 is the year of emerging market currency valuation
Just avoid bitcoins altogether this year. China is being very aggressive in upgrading their economy. Does a bunch of fat manchildren think they can win against the biggest/second biggest economy in the world?

look at Turkey and Venezuela you tard

>Implying tiny irrelevant economies will offset China in devaluating bitcoins

BUY THE DIP NOCOINERS

DO IT NOW BEFORE PLUTO MISSION

OR LEARN TO

COPE COPE COPE

>Actual currencies aren't vulnerable to "fake news" and governments fucking about.
This post is pure irony.

>All of this is merely hot air, since the Chinese know it would make no sense to outright ban bitcoin; though they may even try that if they're desperate enough.
loool right.

Did you have a point?

>What's the dividend yield on Bitcoin?
>What do you mean there's no actual reward for buying this crap?

Lol.
What's the dividend yield on US dollars? Or gold?

It's not based on memes, that's the difference.
>buying anything else than stocks in 2017

>fiat money / shiny metal
>not memes

Also, thank you for conceding that your dividend argument is butt retarded.

Listen to me bro: Memecoin a shit. A shit.

Next time just post that. Save yourself the embarrassment.

Where excactly did you embarass me you fucknut? I don't invest in any kind of memes. Your shit will crash and that's why you're angry lmao

>I don't invest in any kind of memes.
So then why are you so upset?

We've all heard this before, shut the fuck up

Are you nervous, user?
Kekkkk

This. Happens every time lol.

In reality, the wealthy are scamming the poor (Veeky Forums) out of money with pump n dumps. It has absolutely nothing to do with muh china.

90 percent of Bitcoin volume is Chinese. Guess what that is going to mean?

In reality, this is just Buttcoin.

When you buy Bitcoin, you are only buying 'hope' - a hope that the price will rise, and you can sell to another sucker that hopes they can do the same at the given price.

The problem is - there is no value, no dividend, no interest, absolutely no reason to hold Bitcoin at all.

The sad thing is, selling actually indicates you have lost hope in it, and that it can't rise higher - if another idiot is stupid enough to buy in, then that's their loss.

Bitcoin is a zero-sum game, where 99% of people will lose in the end.

>be the 1%

>99% of people will lose
kek

>90 percent of Bitcoin volume is Chinese. Guess what that is going to mean?
That means China determines the future of Bitcoins. China currency appreciation = dead Bitcoins.

Someone gets it