Post
Topic
Board Speculation
Re: Insider: China gov warns citizen about the incoming crack down on exchangers
by
Pattberry
on 05/11/2016, 20:21:59 UTC
There's a clique inside the ruling Chinese government that wants to put a brake on the btc price climbing too high. They have engaged in these clandestine "leakings" of the news to manipulate the prices. They may continue to suppress the price. They want to lower the price down to 400 this year. They are aiming for 300 in January 2017.
what makes you think that they want to suppress the price of bitcoin to $300 ,what good is to the Chinese for strangling the price growth of bitcoin,i am sure the market reacted to these false news and there is no way these news are true ,These sort of FUD are created now and then when the price of bitcoin seems to move towards $1000 .