BTC Dump out of China

>>2159143
>TL;DR : Ching Chongs offering cheap coins

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 :-)

good, that'll be my entry point then.

>>2159230
right? I was thinking the same thing. fucking crash already so I can buy in

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>sold in April
topkek

>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.

Been waiting for a fucking crash forever now.

>>2159251
Literally missed 3x gains on pretty much every major coin.

>>2159251
Did he die?

>>2159230
this

US considers to get SEC approval and China would ban? ahahahaha sure.

>>2159143
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The result for Chinese holders will be that their coins will be declared no longer valid and then replaced with the new Chinese money once they have finished the identification phase.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.

>>2159143
t. autistic 12 year old living in Australia

>sold all hodls at the end of April

good source

>>2159467
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?

>>2159251
haha

>>2159467
>It is because the Chinese government is about to unveil their replacement.

can you quote some resources on this?

How is ETH going to do during all of this? will it raise or crash with BTC?

>>2159526
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.

>>2159535
https://www.cryptocoinsnews.com/chinas-central-bank-completes-digital-currency-trial-blockchain/

https://www.bloomberg.com/news/articles/2017-02-23/pboc-is-going-digital-as-mobile-payments-boom-transforms-economy

https://qz.com/942413/peoples-bank-of-china-pboc-wants-to-replace-cash-with-its-cryptocurrency-in-case-interest-rates-go-negative/

This was even known in 2015

http://money.cnn.com/2016/01/21/technology/china-digital-currency/

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.

>>2159251
>April 28th

HE LITERALLY SOLD RIGHT BEFORE THE BREAKOUT HAHAHAHAHAHAAHHAHAHAAHHAHAHAHAHAHAAHAHAHAHAHAHHHAHA

Should we buy when they dump?

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>>2159251
>Listening to a cuck who sold right here.

>>2159143
Good. I can finally buy 1 whole Bitcoin. Maybe 2 I only have 0.56something right now.

> 1300$ Get out everybody this shit's gonna crash
> 2000$Any day now...
> 2200$
> ...
> Crashes to 1700$
> "I WARNED YOU ALL DIDN'T I"

>>2159647
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.

>>2159969
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.

>>2159886

What you just said is the news media about China.

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?

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.

>>2160061
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.

>>2159969
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.