Post
Topic
Board Economics
Re: Why has bitcoin had success in China?
by
cellard
on 04/01/2016, 17:00:56 UTC
I think China has only mining success. That is due to the advanced ASIC design technology and cheap electricity.

no, no they have only trading success, and they are the one that are driving the price and manipulating everything

so it's 100% a success there from every point of view

It's impossible to know to what extent china is really manipulating the price, but you can guess by the amount of volume moved in Huobi that it's insanely high, these guys must be getting sponsored by someone to move that kind of BTC up and down the book orders.