Topic: China Has Something to Do with Bitcoin's Price Increase After All (Read 793 times)
From the very beginning, China is a big name of this platform, There are a lot of Chinese investors who are directly involved with this platform since the early period, In recent time, China government has published a positive statement regarding Bitcoin and Blockchain system, I think they are taking it very seriously and they have realized that their people already involved here, so the government is taking some positive initiative towards this platform, not only that but also they are making a plan to create an own cryptocurrency, So this type of news definitely work as an influential factors, So it's very clear that China has a positive impact on this Bitcoin's price.
October 31, 2019, 03:56:17 AM
非常有意思，扎克伯格在美国说中国对世界经济的威胁，所以美国要做Libra，而中国再说美国对世界经济的威胁。这也是为什么要去发DCEP法定数字货币
其实是这样，在中国从业者看来，区块链技术对于Bitcoin来说就像特洛伊木马，想想越来越来多的人知道国家支持区块链技术，那么他们就一定会和比特币打交道，从而购买比特币。这也是大家所期待的，有期待价格就会上涨。
I usually report messages in other languages straight awy but for the first time in months, I actually see somebody that if not Chinese at least speaking Chinese commenting on news from China. Unfortunately, nothing too deep but you said something weird:
Quote
In fact, in the eyes of Chinese practitioners, blockchain technology is like a Trojan horse for Bitcoin. If more and more people know that the country supports blockchain technology, then they will definitely deal with Bitcoin. To buy bitcoin.
How does this even qualify as a trojan horse?
Other than that, if you're still around and read this, can you really confirm this news and the screenshot mentioned here:
https://bitcointalksearch.org/topic/m.52903637
was indeed about bitcoin?
October 30, 2019, 11:39:38 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
This refers to the adoption of the blockchain and the launch of the digital currency. I think that is the most appropriate way to increase mass adoption and community, so that people will understand the benefits of digital currency. But isn't bitcoin prohibited? I think they provide an understanding of blockchain technology. China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
October 30, 2019, 10:45:03 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
China has something to do with Bitcoin's price increase. No one denies that. But, to be clear, the recent Bitcoin price increase is not solely about China. China was not everything to what happened. I don't like hearing statements saying China is the one that caused the pump, China is the reason why Bitcoin's price increased, China caused the massive dump, China is the one that controls the fate of Bitcoin because the largest mining farm is in China, etc. What do all these imply, that China is lording over Bitcoin? Or Bitcoin is in China's hands? I don't share this.
October 30, 2019, 08:44:51 PM
The fact that cryptocurrency especially bitcoin is not emerging in China, in my opinion, it is not just china that contributes nowadays to the price increase of bitcoin, since most of the time, people around the world are just silent about their investment. They just need a bit of a price increase to make them feel that it is now safe to invest as the market has a reason why to. But in terms of leading the price increase, yes the op is correct, as we can notice, after the news concerning China adoption to blockchain, we can see the market price increase after all.
October 30, 2019, 08:26:19 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
After China have announce with legal using bitcoin and blockchain technology we are still waiting which one country want to adopt and legal for using bitcoin transaction again? have any other bigger country like United Kingdom, Japan, North Korea and Singapore want to adopt and legal bitcoin as transaction payment or not, if have many country available using bitcoin and altcoin as legal transaction payment I think will easy bitcoin raise to higer price.China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
And, there are no other countries who are still making a move to legalize cryptocurrency, but they remain as neutral. They are still waiting for the right time as of now
October 30, 2019, 06:32:00 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
Of course China caused a significant impact on the increase of bitcoin's price in the market.
Be reminded that the price of cryptocurrencies depend on various factors (e.g. political agendas/prohibitions, financial situation of countries, acceptance among countries, etc.) especially considering that China has the highest population which makes them the perfect candidate for miners and users. Along with its prohibition or acceptance, it will determine the outcome of the price in the market.
Before its announcement, the price of bitcoin was sitting around $7,500 and after Xi Jinping announced the acceptance of bitcoin, not only its price increased but also the stocks overall.
October 30, 2019, 03:39:03 PM
Maybe it's a coincidence that time China explains about blockchain technology in their people is the time that bitcoin price is pump in the market which we can't say that China is the reason. We know that China is not totally support in crypto even before so I think China don't is not the reason of surprise pump yesterday. Yes we know that there's a lot of bitcoin miner in China but we can't say that they are the reason of pumping in the market.
October 30, 2019, 03:25:00 PM
in my opinion the rise of bitcoin yesterday has something to do with the statement of the president of China who supports the blockchain. China is a strong and developed country and also the number of investors and the biggest miners of Bitcoin is also from China. so in my opinion it is not surprising that any cryptocurrency or blockchain policy taken by the Chinese government will have an impact on the price of bitcoin and altcoin.
I'm not sure that this statement made such impact on Bitcoin price. It seems that China can't decide what to actually do with Bitcoin and other cryptocurrencies, at one moment they want to ban it and at the other to support itso currently they are sending mixed signals.
However we need to make the difference because the president supported blockchain technology which is not the same as to support Bitcoin but people very often think this is the same thing.
October 30, 2019, 03:20:46 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
After China have announce with legal using bitcoin and blockchain technology we are still waiting which one country want to adopt and legal for using bitcoin transaction again? have any other bigger country like United Kingdom, Japan, North Korea and Singapore want to adopt and legal bitcoin as transaction payment or not, if have many country available using bitcoin and altcoin as legal transaction payment I think will easy bitcoin raise to higer price.China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
And, there are no other countries who are still making a move to legalize cryptocurrency, but they remain as neutral. They are still waiting for the right time as of now
October 30, 2019, 01:59:11 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
I believe so too and I have also seen so many post that has said one or two things about this also which means big percentage of people also have this line of thought and at least for once in the history of bitcoin, we all have a reason why bitcoin price surge unlike before that we usually don’t know what caused the surge. China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
This media broadcast which even included the speech of the president as regards his stand for cryptocurrency really made a very great move to encourage lots of bitcoin holder and even made many people to start investing in it and I am sure that by now, India too would have already be dropping their plans to ban cryptocurrency having known that china has stepped down a little bit in his own plan of banning the blockchain projects.
October 30, 2019, 08:36:58 AM
in my opinion the rise of bitcoin yesterday has something to do with the statement of the president of China who supports the blockchain. China is a strong and developed country and also the number of investors and the biggest miners of Bitcoin is also from China. so in my opinion it is not surprising that any cryptocurrency or blockchain policy taken by the Chinese government will have an impact on the price of bitcoin and altcoin.
October 30, 2019, 07:15:30 AM
We knew how China move they will never act or deliver news without their own intentions to be pushed,what is very alarming here is after all their stands and denial about cryptocurrency,now they are seems to be soften their position?the question is why?and what’s the motive?for many reason I am thinking something not right for this blasted news
The Chinese government does not want a decentralized currency to overtake their fiat currency and they will do anything to stop the flow of money and that is what they did by banning all the exchanges and accepting blockchain does not mean they are softening their stance towards the currency part of the blockchain. The reasons are many to accept blockchain and it can be implemented elsewhere too rather than attached to a currency. 
October 30, 2019, 07:11:02 AM
China has contributed much to the crypto market fluctuations that occurred, when the ban on bitcoin exchangers, bitcoin prices began to fall. Continued with news of the adoption of the rising market blockchain. From this incident many perceptions arising from users, especially about the reasons China did it all.
On a contrary it seems that another bull trap was created because of this Chinese presidents statements ,looking at the market until now after couple of days?does it seems to be a legit pump?i am afraid not because nothing good follow that run of more than $1k in bitcoin price and some percentage in altcoins ,I think we are heading for another correction if this is not a trap and another waiting until December to see if growth will be for us or until Halving next year 
October 30, 2019, 06:29:04 AM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
After China have announce with legal using bitcoin and blockchain technology we are still waiting which one country want to adopt and legal for using bitcoin transaction again? have any other bigger country like United Kingdom, Japan, North Korea and Singapore want to adopt and legal bitcoin as transaction payment or not, if have many country available using bitcoin and altcoin as legal transaction payment I think will easy bitcoin raise to higer price.China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
And, there are no other countries who are still making a move to legalize cryptocurrency, but they remain as neutral. They are still waiting for the right time as of now
October 30, 2019, 01:12:06 AM
I do wonder why Xi himself would publicly come out in support of blockchain tech, but we can only assume they have something big in the works. I don't think it will be good for Bitcoin.
it probably has to do with their planned rollout of a state-backed cryptocurrency: China passes cryptography laws, laying framework for a national digital currency
Quote
The digital currency is expected to be backed by China's central bank, the People's Bank of China, and is being referred to as DCEP (Digital Currency Electronic Payment).
In 2014, the central bank set up a research team to explore launching its own digital currency, in order to cut the costs of circulating traditional paper money and boost the control of money supply.
While there is still no clear schedule for the currency's rollout, details are expected to be announced very soon.
In August, China's powerful State Council announced that the city of Shenzhen — which borders Hong Kong and is a major technology hub — would serve as a pilot region to test out the currency, although it is unclear when this will happen.
If the pilot proves successful, it's expected that Beijing will release the DCEP to commercial banks and mobile payment platforms, who would funnel and distribute the digital currency to the public.
In 2014, the central bank set up a research team to explore launching its own digital currency, in order to cut the costs of circulating traditional paper money and boost the control of money supply.
While there is still no clear schedule for the currency's rollout, details are expected to be announced very soon.
In August, China's powerful State Council announced that the city of Shenzhen — which borders Hong Kong and is a major technology hub — would serve as a pilot region to test out the currency, although it is unclear when this will happen.
If the pilot proves successful, it's expected that Beijing will release the DCEP to commercial banks and mobile payment platforms, who would funnel and distribute the digital currency to the public.
i'm not sure that it's bad for bitcoin per se, but it looks bad for chinese citizens who will be using the currency. it will likely introduce a new level of mass financial surveillance the world has never seen before.
October 30, 2019, 12:51:16 AM
I wonder if this is true. Articles I've found also use this Twitter account as their source. It's really hard to tell what China would and wouldn't do at this point. It would also be interesting how people would react to censorship if it (potentially) favors them lol.
Only when China allows local exchanges to operate again, I'll believe in their technocratic blockchain crap.
In the end, it's contradictory to promote blockchain while refraining projects from raising funds from investors.
Well, China is a world of contradictions...
In the end, it's contradictory to promote blockchain while refraining projects from raising funds from investors.
Well, China is a world of contradictions...
They do allow OTC exchanges, which is something I suppose. And the only (or at least largest) reason they banned regular exchanges is to curb capital outflows, or so they say.
I do wonder why Xi himself would publicly come out in support of blockchain tech, but we can only assume they have something big in the works. I don't think it will be good for Bitcoin.
that is what will happened to anybody who thinks and acts aggresively like what china did to ban the whole thing involved bitcoin/cryptocurrency few years ago but in the end they found it something interesting recently and decided to make a bold announcement through their number 1 man in china Xi Jinping.
i don't know if it was a drama made by them , but yes i think china is well known making contradictive policies all the time.
intentionally? i think so , some people think china is pretend to be fool but the actual it is just the part of unusual politics strategy, yes politics! don't call me non sense please , you can read tons of conspiracy theory involved china all over the internet.
October 30, 2019, 12:24:55 AM
China has contributed much to the crypto market fluctuations that occurred, when the ban on bitcoin exchangers, bitcoin prices began to fall. Continued with news of the adoption of the rising market blockchain. From this incident many perceptions arising from users, especially about the reasons China did it all.
However, recently we see that Bitcoin is not as active as in 2017, it is responding to various news information. Recent events in China are generally not significant. The Chinese government has previously fully supported and implemented blockchain technology, so nothing, in principle, has changed. This news is not even directly related to cryptocurrency. Therefore, I do not think that the latest news from China has affected the rise in the price of bitcoin and the entire cryptocurrency. The reason for the growth is probably different or the growth is generally caused by a number of random factors. 
October 29, 2019, 10:40:11 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.
China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
After China have announce with legal using bitcoin and blockchain technology we are still waiting which one country want to adopt and legal for using bitcoin transaction again? have any other bigger country like United Kingdom, Japan, North Korea and Singapore want to adopt and legal bitcoin as transaction payment or not, if have many country available using bitcoin and altcoin as legal transaction payment I think will easy bitcoin raise to higer price. China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
October 29, 2019, 10:00:03 PM
China has contributed much to the crypto market fluctuations that occurred, when the ban on bitcoin exchangers, bitcoin prices began to fall. Continued with news of the adoption of the rising market blockchain. From this incident many perceptions arising from users, especially about the reasons China did it all.
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