/biz/ - Business & Finance

[Anonymous No.3442068]

How do we get even with China?

They got their ICO's banned, good. Less price manipulation, pure scamcoins, insider trading and downright shitty pump 'n dump scheming.

But how do we get even for the continual fuckery they bestow upon us? No other country has fucked with the crypto economy on such an olympic level. Here's some examples:
>Chinese exchanges reported 98% of BTC volume, all of it was fake
>Chinese exchanges engaged in front-running, wash trades and insolvent trading from day one
>December 13th 2013, China banned exchanges from accepting deposits in Yuan. This was engineered by the PBOC
>Chinese Government gave cheap (almost free) electricity to Chinese Bitcoin mining operations
>In June, Chinese Government launched a coordinated series of DDOS attacks on foreign Exchanges. In the dip, PBOC and Chinese officials were the largest purchasers of Bitcoin
>China prevented citizens moving cryptocurrency out of China in January 2017. During this 20% dip, the biggest purchasers of Bitcoin were the PBOC and Chinese officials. Exchanges were forced to sell off private holder's bitcoin balances at liquidation prices, just prior to the rise - where officials snapped them up.
>Current Litecoin volume is 44.3x the number of trades in Yuan vs Dollars. Think about that for a moment. With the current number of Litecoins, that means that almost half of all Litecoins in circulation were traded today. Think about that.

Fuck 'em. How do we get even? I HATE THEM.