After Chinese exchange comeback ? - page 2.

Xester

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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 ?

If they come back again they could no longer fabricate fake volumes since PBOC is in constant watch and they can no longer afford to be caught violating the regulations that will lead to their closure. Another thing even if Chinese bitcoin exchanges open today there will be no significant impact on bitcoins since they have no longer that huge volumes to manipulate bitcoin price.

Risackwpsp

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I don't think they will come back, the stop withdraw may forever. Wink

Reid

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No, i dont think there would be a huge dump.
Yes they froze the withdrawals but still when they go back they would still see the better price.
If I would be in their position that is a lot more reason to stay.
Besides it isn't that much right? So I dont think that is a reason to leave.

virasog

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Quote from: michellee on February 19, 2017, 11:23:09 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 ?

maybe we see huge dump after chinese comeback but i hope its not a big decrease in price and maybe bitcoin price will be stable as there is much supply depend on demand. every possibility can happen and we only wait and see when the time is come.

i think chinese trader still make trading in their exchanges but they can not make withdrawals, their fund is hold in the exchanges until they can make withdraw.

There can be a dump but not much big. People will rather than dumping bitcoins will only move to another exchanges where withdrawal cannot be banned. Maybe they can use localbitcoins to convert to cash if the exchange dont support it. So its better to keep in wallets and use local bitcoins.

digaran

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How many bitcoins were put on hold anyways? if it's less than 1000BTC nothing will change what so ever but more than 1kBTC could have some short time and small volume impact, as I understand they are giving an option to their clients to sell and withdraw which is somehow ridiculous and they could have done that already.

pooya87

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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 ?

most of the users of these exchanges who had any major amount had enough experience to withdraw all of it in the short couple of days window they had before they disable withdrawals. people you see now that are stuck there are small time traders with low amounts. in other words whales are out.

if and when the exchanges come back, not much is going to change. but depending on how the market reacts it can go both ways. we may see a new wave of FUD saying Chinese are dumping and we see another dip. or we can see another wave of hype saying China is back and is buying now and we see another short rise.

at this point it is hard to say. but in reality, what i said is happening and all those who went out, are already trading in other places. and some even buying OTC.

michellee

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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 ?

maybe we see huge dump after chinese comeback but i hope its not a big decrease in price and maybe bitcoin price will be stable as there is much supply depend on demand. every possibility can happen and we only wait and see when the time is come.

i think chinese trader still make trading in their exchanges but they can not make withdrawals, their fund is hold in the exchanges until they can make withdraw.

asriloni

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All of the things will run for normal in the future. I don't expect about the big dump will be happening. but the exchange activities will back to the normal before PBOC is restricting the exchange site. Because the market is always move and just cant use it for withdraw our money.

pitham1

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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 might lead to higher demand for bitcoins. Right now, people who were unable to withdraw bitcoins were selling bitcoins and withdrawing CNY. For somebody who wanted bitcoins immediately, there was no way to get them. Even if he bought them at exchanges, he wouldn't be able to withdraw them. Once these curbs are withdrawn, I foresee a lot of people buying bitcoins.

richardsNY

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I think people will just resume their usual routine of trading there, or they will just cash out their fiat and coins to make use of a different (outside China) exchange. I personally think we won't notice anything in the price in both cases. Especially now the sentiment an believe is making people prefer to hold their coins for a much longer period of time. It's not for nothing that the price kept holding strong above the $1000 level.

ArdiPrabowo

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after china exchange comeback and normal again
audit POBC china autorized to china exchanger is good result, and china exchanger norma again about volume transaction, depost and withdraw, bitcoin price can incraese high

CyberKuro

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I think so, all of those delayed transaction for a month will cause massive withdrawal if they decide to.
Two factors may affect their decision, whether the regulations existence about bitcoin consider detrimental for them or they can not hold from the temptation of bitcoin price to make profits. they may have planned it before to sell out as soon as exchanges allow to withdraw.

OmegaStarScream

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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 ?

Topic: After Chinese exchange comeback ? - page 2. (Read 1531 times)