Quote from: little tiger on November 13, 2014, 10:04:26 AM

sorry, i don't agree with u, Chinese can't make such bubble, and their gov still don't accept BTC, it must be some billionaires or someone holds thousands of BTC and want to change the current financial system with BTC, so he or they just down all their BTC, so...
just in my opinion.

Let me help you understand what china is doing. You greatly underestimate these people sir. just because they are 3 feet tall does not have any impact on their greed and unethical business practices.

The chinese have a lot of manufacturing plants making the bitcoin miners specifically the dragon miners. once the machine is produced they "rigorously test" the machine. DEFINE Rigorously Test - Hook the miner up to Discuss Fish and let it mine until it sells. Once they get an order the miners are then rotated, no miner is sold without a minimum of 3 months testing. Now they also have re-sellers in China who buy them in bulk from www.lketc.com so they get them dirt cheap. They then go thru another phase of "rigorously testing in the re-sellers warehouses. Again the machine must be tested on discuss fish pool and 3 moths of testing before its sold. By this time fans are burnt our PSU need replaced so when we buy them they get a fresh ATX PSU and lower quality replacement fans. This is so the machine overheats and needs replaced withing another 6 to 12 months of you mining with it.

If you investigate all the Alibaba and aliexpress companies listed there you will notice something very funny, they are all one in the same, they have salesmen but the back end of the companies themselves are one and the same.

Now lest get into farther unethical business practices of these guys. You will notice on the website if you compare the prices listed in the chinese setting they are much cheaper than if you click english. So if you go right now you will see in the chinese version of www.lketc.com the price of a 1THS dragon miner is ￥3299 ($538.34 USD) this price includes shipping. However if they order 20 to 49 machines their price is only ￥3199 ($522.02 USD) each, if they order 50 or more the price is ￥3099 ($509.70 USD) each

NOW heres the catch these prices are for chinese buyers only, if you are outside of china you MUST use the english site by clicking english at the top right corner of the page. Lets check the prices now. The same 1THS dragon miner, the price also includes shipping but WOW look at that if you are not chinese you must now pay $684.04 for the same mine rthe chinese get for $538.34 Very unethical if you ask me not only are they selling you Used machines that have already made an ROI on the production but they also charge you an extra $145.70 because you are not Chinese. I live in the philippines and even i am not allowed to buy from their chinese site not even if I had the Yuan to pay them they told me I MUST buy fromt the english site only the chinese site is available to Chinese re-sellers and businesses only.

The chinese have been holding and selling so many bitcoins for trhe past 2 years they have more of an ability than you believe to move this market, one of their smaller bitcoin manufacturers makes 280,000 USD a month in profit after their 70,000 USD electric bill. so they have the cash to move this market up and the coins to crash it down to 50 USD a coin trust and believe.

EDIT: in addition, for a country whose government bans/dislikes,/disproves the use of bitcoins they sure are making a but load of money from this industry dont you think?