Topic: Bitcoin's Price Is Behaving Sticky - page 2. (Read 913 times)
Well, that's only proves that China don't really have the power over bitcoins anymore. There is someone will step up and im not surprised if Japan will be one of them. Im happy about that because after several China's actions against Bitcoin(not just bitcoin but all cryptocurrencies). They still survived the crackdown. China's influence over bitcoin is not powerful anymore. But im not sure about that maybe traders from China just migrated to other exchanges to trade cryptocurrencies(which is the best thing to do) since there's no other way for them to trade. Anyway, I've seen a lot of good news. Korea will open their largest cryptocurrency exchange which supports over 100+ coins. I'll be waiting for that
Yes. The price of BTC in the past few days is just estimating 3.9k USD. I believe BTC will bounced back more to its price surge last month. Even with the china crackdown, FUD, JP morgan negative issues with Bitcoin, still BTC is standing up to its value. There are still a lot BTC investors all over the world who are sticking to BTC.
See now, china has lost control over bitcoin price, or it's just the Chinese bitcoin users moving out of their country and migrating their money to other countries.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
Well people of China are thinking and making way how they can use their bitcoin after China regulate the usage. Too sorry for them.
But I'm thinking that maybe if China will not success in their plan or they lose some of their fortune they'll remove the banned in ico and get back again to business.
I do believed that the Chinese bitcoin enthusiast would not stop using bitcoin by instead find a ways to do trading because most of them relied on bitcoin as means of living. So banning ICO and closing exchanges are wrong because the one that will suffer is the Chinese people. They probably move their bitcoin in other exchanges.
But if China block access to outside exchanges, then they can't do anything about it. They need to succumb to the government's rule, otherwise a strict penalty would be impose and you don't want to go to jail. The other choice is to go out of the country and went to a bitcoin friendly nation where you can have the freedom to trade.
See now, china has lost control over bitcoin price, or it's just the Chinese bitcoin users moving out of their country and migrating their money to other countries.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
Well people of China are thinking and making way how they can use their bitcoin after China regulate the usage. Too sorry for them.
But I'm thinking that maybe if China will not success in their plan or they lose some of their fortune they'll remove the banned in ico and get back again to business.
This is actually a good number, considering the price drop, it means a lot of people still beieves in bitcoin and other crypto coins. I think the numbers will change after the fork in november, a lot will be investing in bitcoin, once they've found out that the price is again going up, i think the trend is also similar with the stock market, the price of bitcoin then will be hyped, but not to the extent that the alue will just sky rocket overnight, considering the numbers that we have now, china still plays a big part in the price of bitcoin, but now that china is gone, i think most of us understand now, what to do, thought there is still a small percentage of chinese using bitcoins, we should not be worry, since according to some articles, there will be an election on china this coming october, and they might have a statement regarding bitcoin, since a lot of chinese are using it, the price might sky rocket again, but as long as china is not around, there are still countries legalizing the use of bitcoin, which means a higher bitcoin users and in time, a higher percentage of gains for all of us, i think we should just keep clam and wait for the last months of this year.
See now, china has lost control over bitcoin price, or it's just the Chinese bitcoin users moving out of their country and migrating their money to other countries.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
Well people of China are thinking and making way how they can use their bitcoin after China regulate the usage. Too sorry for them.
But I'm thinking that maybe if China will not success in their plan or they lose some of their fortune they'll remove the banned in ico and get back again to business.
BTC volume in euro is at 4.85%?
I guess most Europeans must be trading BTC in USD?
I guess most Europeans must be trading BTC in USD?
Wonder if there's any advantage in doing so...
None that I know of.
I guess it's mostly a mix of a) BTC/USD being the most widely available crypto/fiat trading pair and b) people whose native currencies isn't traded as much falling back to USD rather than to EUR.
Or maybe Americans are more likely to day-trade
Traders are just watching the price without knowing what to with it. Most are balancing between to wait to see if the price will decrease again or to think "I should buy but but but....I don't know, why not wait..."
Everyone is watching other to see what they do, but nobody does something, so they keep watching each other...
Everyone is watching other to see what they do, but nobody does something, so they keep watching each other...
Yeah after the announcement there are huge drops,I believe there were a lot of investor were dumping the coins and surprisingly the price drop down and bounce back pretty fast,luckily there were a lot of supports so the price can go up again, but the strory hasn't end, we will see waht is going yo happened in this end of September
How it is possible that China Bitcoin traders go down from 90% to 4.5% and prices continue stable. That doesn't make any sense. They are not trading, but someday they will need to trade. Maybe p2p between big whales is happening without changing the prices so everybody stays happy.
Someone will become really rich with all that mess. Buying Bitcoin bellow the market price and maybe some companies and equipment.
Someone will become really rich with all that mess. Buying Bitcoin bellow the market price and maybe some companies and equipment.
Interesting stats:
http://www.investopedia.com/news/bitcoins-price-behaving-sticky/
BTC volume in China went from 90% to 4.5%. I'm surprised that BTC price hasn't dropped more.
http://www.investopedia.com/news/bitcoins-price-behaving-sticky/
Quote
Currently, the Japanese yen accounts for 47.3% of BTC volume by currency, followed by the U.S. Dollar with 32.52%, which adds up to almost 80%. China's share, which was hovering around 90% levels a year ago, is now condensed to 4.54%. While the South Korean won and euro are at 7.34% and 4.85% respectively, according to cryptocompare.
In terms of exchanges, Bitfinex (BTC/USD) commands 11.57% of trading volume, followed by bitFlyer (BTC/JPY) at 4.48%, Bithumb (BTC/KRW) at 3.97%, Bitstamp (BTC/USD) at 3.84% and Bittrex (NEO/BTC) at 3.64%, according to coinmarketcap.
In terms of exchanges, Bitfinex (BTC/USD) commands 11.57% of trading volume, followed by bitFlyer (BTC/JPY) at 4.48%, Bithumb (BTC/KRW) at 3.97%, Bitstamp (BTC/USD) at 3.84% and Bittrex (NEO/BTC) at 3.64%, according to coinmarketcap.
Quote
The prices of cryptocurrencies have corrected due to the China crackdown. This in some ways has brought confidence in the markets as it lowered the perceived importance of the country to some extent. However, the range-bound movement in the markets is indicative that investors and traders are still looking for some clues before making the next move.
BTC volume in China went from 90% to 4.5%. I'm surprised that BTC price hasn't dropped more.
thanks for this announcement but this wonderfull news i believe bitcoin are not straight falling down even china want to destroy bitcoin for ICO and exchange banned, this the reason bitcoin stay strong because have many country support the crypto currency hopefully i expect next week bitcoin are go rising again the price value.
See now, china has lost control over bitcoin price, or it's just the Chinese bitcoin users moving out of their country and migrating their money to other countries.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
it seems that the regulation of china government has no more affection to the crypto world. so if the popular exchanges there will be closing down, it's not a thing.
This means there is actually only a few Chinese people who are involved in Bitcoin. They just manipulate the trading volume to make it look high. Or probably some of these Chinese traders had moved to out of the country exchange to trade. Besides moving out of the country's site is just a click away.
BTC volume in China went from 90% to 4.5%. I'm surprised that BTC price hasn't dropped more.
China was manipulating the price with their fake volume and huge number of trading bots. Now the price has become more stable since they are backing up from trading. I like it
The price hasn't dropped because people aren't dumping. They see future in Bitcoin and want to hold. The Chinese also didn't sell. If they all sold the price would be much lower.
If among all the fuss they see no reason to sell we shouldn't too.
I also thought that, after the China news, bitcion would drop lower than 3000$ and maintain around that number.
At one moment prices were around the 3000$ but quickly recovered to 3500$ and now around 3900$.
I am curious to see if the effective shutdown of the chinese exchanges will have an impact on the bitcoin price.
At one moment prices were around the 3000$ but quickly recovered to 3500$ and now around 3900$.
I am curious to see if the effective shutdown of the chinese exchanges will have an impact on the bitcoin price.
Now, I must say that bitcoin's price behavior is not actually based on China's crack down, yet it really is because of the panic sellers thinking that it will really fall down because of China's shutting down or banning bitcoin and ICOs. From that statistics, surely China is influential no more.
Interesting stats:
http://www.investopedia.com/news/bitcoins-price-behaving-sticky/
BTC volume in China went from 90% to 4.5%. I'm surprised that BTC price hasn't dropped more.
This means that finally bitcoin is free from fluctuations made by any single economy. This is better for the future of this crypto. But I think as soon as china begins with any licensing the bitcoin is going to skyrocket once again. http://www.investopedia.com/news/bitcoins-price-behaving-sticky/
Quote
Currently, the Japanese yen accounts for 47.3% of BTC volume by currency, followed by the U.S. Dollar with 32.52%, which adds up to almost 80%. China's share, which was hovering around 90% levels a year ago, is now condensed to 4.54%. While the South Korean won and euro are at 7.34% and 4.85% respectively, according to cryptocompare.
In terms of exchanges, Bitfinex (BTC/USD) commands 11.57% of trading volume, followed by bitFlyer (BTC/JPY) at 4.48%, Bithumb (BTC/KRW) at 3.97%, Bitstamp (BTC/USD) at 3.84% and Bittrex (NEO/BTC) at 3.64%, according to coinmarketcap.
In terms of exchanges, Bitfinex (BTC/USD) commands 11.57% of trading volume, followed by bitFlyer (BTC/JPY) at 4.48%, Bithumb (BTC/KRW) at 3.97%, Bitstamp (BTC/USD) at 3.84% and Bittrex (NEO/BTC) at 3.64%, according to coinmarketcap.
Quote
The prices of cryptocurrencies have corrected due to the China crackdown. This in some ways has brought confidence in the markets as it lowered the perceived importance of the country to some extent. However, the range-bound movement in the markets is indicative that investors and traders are still looking for some clues before making the next move.
BTC volume in China went from 90% to 4.5%. I'm surprised that BTC price hasn't dropped more.
Well... I have to say that I'm kinda suprised. I thought that China will have larger impact on Bitcoin price. I'm interested what would happen if Bitcoin mining would be banned in China. What would happen to Bitmain (manufacturing ASICs) and huge mining farms? Would they move to Russia which is being more and more open to miners? Russian goverment claimed that they may ban cryptocurrencies, for me it was fake info which aim was to make bitcoin price lower.
They used to have control of the trading volumes before Japan come into the picture. And now it doesn't surprised me at all seeing the percentage dwindle to less than 5% because of their war against it. There are still speculation of whether the mining hardware or the mining business will be affected, eventhough Charlie Lee tweeted it is not, we really don't know. Maybe one they the government will change its mind and include mining gears and mining farm to the ban list. However, Japan will take over this business as well as GMO of Japan had already allocated millions to create their mining hardware as well. And as far as Russia is concern, you have take everything from them with a gran of salt.
BTC volume in euro is at 4.85%?
I guess most Europeans must be trading BTC in USD?
I guess most Europeans must be trading BTC in USD?
Wonder if there's any advantage in doing so...
BTC volume in euro is at 4.85%?
I guess most Europeans must be trading BTC in USD?
I guess most Europeans must be trading BTC in USD?
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