Quote from: youdacapt on September 14, 2017, 12:24:15 AM

Quote from: cyberpitstop on September 13, 2017, 11:56:35 PM

Quote from: pereira4 on September 05, 2017, 03:09:46 PM

Quote from: nightwishx on September 05, 2017, 03:01:43 PM

A few days ago China just announced that their government banned all ICO activities, and instantly the bitcoin price went down. how do you think about this?

China is an obvious main player in crypto, with Bitmain having a basically mining monopoly and a ton of other miners ending up on China due the cheap electricity and cheap labour essentially.

This is nothing but more FUD and more insider trading. Look at the PBOC incidents last summer. They were able to dump the market, and the market recovered and we went to an ATH. This is the same all once again. Weak hands will get shaken, strong hands will hold, insider traders will get a ton of BTC from the panic sellers. The same cycle always repeats on all markets.

This is the smartest post I have read in days!! This is the same "cycle" that constantly repeats itself over and over again in the crypto space always has always will.

I do not understand why the China government continues to spread negative news and does not keep trying to make strong rules. they must understand that a large crypto currency market exists in their country, if they prohibit it will automatically affect the economic structure of society explicitly. China has everything for bitcoin especially for traders and miners.

chinese plays a bigger role in bitcoin, as there number increases and as they have more knowledge on how to manipulate it. Chinese investors were always present in making an ICO successful as well the crypto.