Post
Topic
Board Speculation
Re: Insider: China gov warns citizen about the incoming crack down on exchangers
by
MingLee
on 06/11/2016, 00:45:17 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.
Are these state-sponsored leaks suppressing the value so the government or related officials can get in on the action, or are they trying to suppress it without receiving any direct gain from it? There's a lot to be known before anything can be determined.