Quote from: PokerFace3 on February 26, 2017, 05:06:37 PM

Quote from: Gameroid on February 19, 2017, 09:05:33 PM

Quote from: cryp24x on February 15, 2017, 08:03:51 PM

Quote from: debtstack on February 13, 2017, 09:46:44 PM

Now I know China has been accused of keeping the price of their fiat down, so this leads me to a question.

Why would china want to keep the price of btc at or below 1000? And I'm not asking for answers around curbing the use of it, because I don't believe they want that. I'm asking for genuine thoughts on how it would benefit china to keep the price low. What long term strategy would they have? Because we all know china doesn't just do things because they want to. They've probably had meeting after meeting on how best to optimize bitcoin for their benefit.

First how sure are we that China wants to keep the price of BTC at or below $1,000? As I think of it China don't care about BTC, as the way you wanted to hear it, they only want to make sure that these exchanges that had been loose for some years to follow what the rule stated with regards to AML and KYC stuff. It is that these market manipulator take advantage of the news and twist the idea to suit what they wanted to the price of BTC.

yes these are just assumptions and there is no reality about this. in fact the it in is now become very difficult to manipulate the price of bitcoin. because the number of bitcoin users are now increasing. therefore it is now become difficult for a single person or a group of people to manipulate the price of bitcoin.

Yes, I also do not think that Chinese are responsible for affecting the price of bitcoin. Although the number and investors of bitcoin are more in China may be more than any other country of the world but I think now I think rest of world also having competitive traders and investors hence no one can influence in one direction nor manipulate the price of bitcoins.

Slowly investor from china will lost their bicoin and they always try to dump the price but it will not success due bitcoin user are waiting ETF aprroved to see the higher price.