Uh oh
BTC Dump out of China
Ryder Barnes
Other urls found in this thread:
cryptocoinsnews.com
bloomberg.com
qz.com
money.cnn.com
twitter.com
Gavin Bell
>TL;DR : Ching Chongs offering cheap coins
Jacob Foster
Cool, we got some folks lined up for the crash to buy into every $100 dip. ohw yeah baby, let it be big then they can buy it back later again for double the price :-)
Easton Reyes
good, that'll be my entry point then.
Chase Cooper
right? I was thinking the same thing. fucking crash already so I can buy in
Luis Myers
>sold in April
topkek
Brody Brown
>bunch of Chinese forced to hold bitcoin for months.
>it's at an all time high
>the Chinese are going to cash out
Nah, there will be some profit taking, and then a bunch of buying in when cousin Chin finds out cousin Lin made a shit ton of money buying BTC.
Gabriel Sanders
Been waiting for a fucking crash forever now.
Thomas Ross
Literally missed 3x gains on pretty much every major coin.
Owen Long
Did he die?
Joshua Walker
this
Carter Phillips
US considers to get SEC approval and China would ban? ahahahaha sure.
Angel Lewis
It is because the Chinese government is about to unveil their replacement.
Most Chinese miners are either directly or indirectly controlled by the central government. This is why the transaction confirmation time has been slowed so that they can identify which addresses are Chinese in real time in preparation for a blacklist of addresses.
The result for Chinese holders will be that their coins will be declared no longer valid and then replaced with the new Chinese money once they have finished the identification phase.
Bitcoin is going to crash hardcore.
Grayson Scott
t. autistic 12 year old living in Australia
>sold all hodls at the end of April
good source
Jonathan Wood
so what you're saying is... the chinese government, who already controls the miners, that instead of mining the coins and keeping them, is going to hunt everyone down, crash the coin that they massively produce, and collect them... for?
Chase Hughes
haha
Parker Rogers
>It is because the Chinese government is about to unveil their replacement.
can you quote some resources on this?
Ian Gray
How is ETH going to do during all of this? will it raise or crash with BTC?
Colton Lewis
You think like a westerner. The Government can just print money, create value or take what it wants.
The Government wants to control the average Chinese ant to prevent capital outflows in order to keep their growth going for as long as possible. You can't do that with a currency that is decentralized and can cross many borders.
Why do you think exchanges have been limiting withdrawals? Why have large banks been pulling out support for transfers? What did the last demonetization of Chinese currency look like?
You don't have to be a conspiracy theorist or a genius, you only need to stop seeing market forces in play and instead recognize that the Chinese government is going to do whatever it can to maintain its control.
Mason Young
cryptocoinsnews.com
This was even known in 2015
money.cnn.com
It has been a large specter on the crypto market for quite some time. If you can't see it coming and notice the forest from the trees than you will be screwed.
Nathan Gonzalez
>April 28th
HE LITERALLY SOLD RIGHT BEFORE THE BREAKOUT HAHAHAHAHAHAAHHAHAHAAHHAHAHAHAHAHAAHAHAHAHAHAHHHAHA
Adam Thompson
Should we buy when they dump?
Wyatt Allen
>Listening to a cuck who sold right here.
Chase Barnes
Good. I can finally buy 1 whole Bitcoin. Maybe 2 I only have 0.56something right now.
Lucas Powell
> 1300$ Get out everybody this shit's gonna crash
> 2000$Any day now...
> 2200$
> ...
> Crashes to 1700$
> "I WARNED YOU ALL DIDN'T I"
Jayden Cruz
China isn't important anymore you retard. Now Japan, the US, Russia and Australia is where it's at, they have most of the BTC volume.
Grayson Hall
JPY is the biggest volume currency in BTC at the moment.
CNY volume has been crushed by JPY.
It's like Nanjing all over again.
Joshua Brown
What you just said is the news media about China.
Austin Hall
How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC? How is ETH going to do during all of this? will it raise or crash with BTC?
Luke Harris
If there's one thing the Party hates, it's not being in control. The Party will either take control of the miners or limit bitcoin transactions. The former would be very bad as it places Bitcoin directly under government control. The latter would be good as the Chinese will no longer be relevant to Bitcoin's speculation. What's most likely to happen is that the latter will happen as Bitcoin can facilitate money laundering and they hate that.
Chase Lopez
we´ll see about that in the near future. speculations make the rounds that ethereum will be stronger but not strong enough to beat the position of bitcoin.
Dylan Walker
Chinks love cryptos, and they sure stash away stunning amounts of BTC. Just look at top crypto exchanges by volume and figure how many of them are Chinese. Do it.