After Chinese exchange comeback ? | Bitcointalksearch.org

hardtime

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The bitcoin price doesn't really seem to be having any issue at all when it comes to the entire meltdown of the Chinese exchanges, pretty insane when you think about it. Everyone on here thought that if this happened the bitcoin price would fall into disarray but I personally think since the stopping of withdrawals the price has went up.

We're going to be hitting all time highs, I just hope we don't go too insane with the increases.

Quote from: szpalata on February 21, 2017, 04:03:03 AM

It's relative but I think their return will rather springboard the prices because it will be exchanging hands/wallets more frequently and that increased iage will create the necessary demand for a price rise.

Going to have to agree with this, when they all come back it's just going to allow more demand for the same (relative) amount of bitcoin. The price will just continue on this upward trend.

Zadicar

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Quote from: Pettuh4 on February 22, 2017, 03:34:45 AM

Quote from: beerlover on February 22, 2017, 01:53:07 AM

Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

That was precisely my assumption when I was discussing with a friend yesterday, it's going to double skyrocket and we are in for a pump and this time I hope it takes us to 1500$. So we are waiting in anticipation for the Chinese exchanges to resume hopefully in March.

Nope we cant still be sure that bitcoins price would able to shoot up if those chinesse exchanges would comeback and we dont know or hold the minds of those bitcoin holders on that site if they would choose to sell out their bitcoin or just decide to hold a little bit more. Actually im expecting a dump on this one.

Pettuh4

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Quote from: beerlover on February 22, 2017, 01:53:07 AM

Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

That was precisely my assumption when I was discussing with a friend yesterday, it's going to double skyrocket and we are in for a pump and this time I hope it takes us to 1500$. So we are waiting in anticipation for the Chinese exchanges to resume hopefully in March.

beerlover

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Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

lordquanta

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Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

I think this topic is more suitable in 'Speculations' section of forum. Coming to the point raised, we could expect big fluctuation in bitcoin market. We don't know how people will react once sanctions will be lifted. If everyone starts dumping then steep fall in price is there. If trade resumes as it was earlier then prices will surge again. Lesser chances of price surge though.

Ayers

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Quote from: Paritor on February 21, 2017, 10:50:05 AM

Quote from: BrewMaster on February 20, 2017, 01:02:29 PM

Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

they will surely be a rise not a drop! because they disabled "withdrawal" not deposit nor trades.
anybody who wanted to dump or deposit and dump has already done it. and when they comeback to work that would be the end of all the FUD and comeback of one of the bigger exchanges and we all know that newbies panic buy in these situations which means a price rise.

The trading volume in the Chinese exchanges are smaller now.

still very high, only second to japan, fee ain't stopping chinese from buying, there is a huge demand currently, bitcoin is going really strong and the demand will bring more investors, japan instead have zero fee that's why is higher in volume

Paritor

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Quote from: BrewMaster on February 20, 2017, 01:02:29 PM

Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

they will surely be a rise not a drop! because they disabled "withdrawal" not deposit nor trades.
anybody who wanted to dump or deposit and dump has already done it. and when they comeback to work that would be the end of all the FUD and comeback of one of the bigger exchanges and we all know that newbies panic buy in these situations which means a price rise.

The trading volume in the Chinese exchanges are smaller now.

Idrisu

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Quote from: usefrees on February 20, 2017, 09:33:44 AM

I am sure that after the exchange opened, users will massively withdraw their assets. Then they just start to trade on other markets, where there is strict legislation

After reactivation of withdrawal by those exchangers, I believe the bitcoin price will pump up. Currently without them, bitcoin is trading at 1,107 in the absence of those exchangers. With this I think we should be optimistic about what is happening as regulatory authority is to serve as policing to crypto currencies.

talikila

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Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

I also have the question like this. The price is rising up highly Maybe it's effected by chinese buying action.

talkbitcoin

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All I know is that I know nothing.

when Chinese exchanges come back after 1-2 months (if the suspension is not expanded) they will come back to $1300 at least and that means they have missed a lot of chance to buy bitcoin and join in the rise and if the rules are not changed they will join and price can even go higher.

but it is also worth mentioning that Chinese are still buying bitcoin with even more persistance. you can check out the volume on any other place than OkCoin,... such as localbitcoins,...

Kemarit

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I'm expecting a high volume of activities once the suspension of withdrawal
has been lifted. For sure a lot will make a withdrawals to probably transfer
their bitcoins outside of China. Or maybe others much just change their
bitcoin to fiat(Yuan) so the price of bitcoin might rise but just temporarily.
Prices has been stable I think in 1000 USD lately and I will at that even
Chinese make a run of bitcoin again. We just have to wait and see.

just_Alice

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Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

It doesn't seem like it had any impact on the price of BTC. At least no negative impact can be observed. Bitcoin's price is at $1,092 right now and this is close to the highest level in this year. But on the other hand we can't say that Bitcoin price rised a lot after the Chinese exchanges stopped withdrawals. So I don't think after they comeback we'll see a significant change.

szpalata

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It's relative but I think their return will rather springboard the prices because it will be exchanging hands/wallets more frequently and that increased iage will create the necessary demand for a price rise.

BrewMaster

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Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

they will surely be a rise not a drop! because they disabled "withdrawal" not deposit nor trades.
anybody who wanted to dump or deposit and dump has already done it. and when they comeback to work that would be the end of all the FUD and comeback of one of the bigger exchanges and we all know that newbies panic buy in these situations which means a price rise.

Slark

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Quote from: ged00u on February 20, 2017, 11:52:41 AM

The government has set up the plan to destroy the Bitcoin and I believe once investors can withdraw their Bitcoin, they will sell them all. In general, they will understand that holding Bitcoin is not as good as it used to since government is trying to prevent them from using this currency. There is only a small possibility that the Bitcoin prices will increase

After series of interventions Chinese traders are beginning to understand this.
I read some news and Chinese speculators said they no longer trust in Chinese bitcoin price, and instead use Bitfinex to determine value of BTC.
They also will switch to p2p trading and avoid centralized exchanges in the future.

s0nix

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Quote from: OmegaStarScream on February 19, 2017, 12:53:16 PM

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

I also don't think it comes a big dump, but who knows.
Some dates for ICOs have been postponed.
On the other hand, big medias like Cointelegraph will write Chinese are back, maybe there will be another run on Bitcoin?
But all just speculation at the moment.

ged00u

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The government has set up the plan to destroy the Bitcoin and I believe once investors can withdraw their Bitcoin, they will sell them all. In general, they will understand that holding Bitcoin is not as good as it used to since government is trying to prevent them from using this currency. There is only a small possibility that the Bitcoin prices will increase

xuan87

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I can't wait to see Chinese back to the bitcoin world, they are going to give a huge impact on the market and for sure they are going to elevate the price, and within more user it will be more potential to grow into a bigger community and I think Chinese bitcoin user really gives a good impact for all bitcoin users

Qartersa

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I thin it will really affect the whole market, the moment the chinese trading platform allow their users to withdraw. I think current users will for sure be moving their funds away from those platforms for fear of the event happening again. This, however, will not improve supply of bitcoins. I don't think they will sell their bitcoins but they will just move it elsewhere.

usefrees

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I am sure that after the exchange opened, users will massively withdraw their assets. Then they just start to trade on other markets, where there is strict legislation

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