I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
This is beyond stupid.
So they dumped their coins, cut of all exchanges and then they watched as bitcoin went up to 10k , with no coins in their pockets and WE are the suckers?
What kind of twisted logic did you use to make this assumption?Thats the way big traders make money. They sell right before it falls in price and then when its on the bottom, they buy again before it goes up. China might have sold before the announcement, then bought back when it was at the correction/lowest point. This way they could have made more BTC/$$.