China markets, WTF!? - page 2. | Bitcointalksearch.org

fryarminer

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Quote from: bitbunnny on July 08, 2015, 07:00:15 AM

Quote from: HigsonPP on July 08, 2015, 02:13:29 AM

The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Do you think that BTC could save the Greece?

Let's think about this. People are starving because banks won't give them cash.

As Strongbad would say:
Yes very yes.

bitcoinmasterlord

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Quote from: NUFCrichard on July 07, 2015, 03:39:18 PM

Quote from: Hollingsworth on July 07, 2015, 03:26:13 PM

I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.

Asian stock market frenzy spills over into crypto.

H.

2nd biggest economy in the world loses 30% off it's stock markets, and bitcoin rises $30..
I am not sure they can really be correlated, the increase is almost meaningless on that kind of scale,

China frequently prints more money to back the markets in a day than the Bitcoin total value!

Bitcoin did not make this but the rising bitcoin price can come from that. It does not mean that all chinese, who don't want to lose anymore, go into bitcoin. Bitcoin is small so i would await that only some people move there. So a small rise in bitcoin price is still explainable i think.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Quote from: HigsonPP on July 08, 2015, 02:13:29 AM

The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Do you think that BTC could save the Greece?

Jeremycoin

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𝓗𝓞𝓓𝓛

Quote from: HarHarHar9965 on July 08, 2015, 06:44:11 AM

Quote from: Jeremycoin on July 08, 2015, 02:27:03 AM

Quote from: HigsonPP on July 08, 2015, 02:13:29 AM

The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Is that means that, this is the time to introduce Bitcoin to the WORLD? Cool

I guess it is the time to unleash the dragon, let the world fall in love with this dragon. A dragon cannot be controlled or mastered, it can only be of aid. It will help you and protect you, but you can never control it or cage it. You cannot stop it, you cannot damage it. Its fucking untouchable. That is exactly how bitcoin is and should be, and its time for the world to know about the power of BITCOIN Grin

How could you thinking that far ahead, you have a really big imagination. Grin

HarHarHar9965

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Quote from: Jeremycoin on July 08, 2015, 02:27:03 AM

Quote from: HigsonPP on July 08, 2015, 02:13:29 AM

The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Is that means that, this is the time to introduce Bitcoin to the WORLD? Cool

I guess it is the time to unleash the dragon, let the world fall in love with this dragon. A dragon cannot be controlled or mastered, it can only be of aid. It will help you and protect you, but you can never control it or cage it. You cannot stop it, you cannot damage it. Its fucking untouchable. That is exactly how bitcoin is and should be, and its time for the world to know about the power of BITCOIN Grin

Jeremycoin

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𝓗𝓞𝓓𝓛

Quote from: HigsonPP on July 08, 2015, 02:13:29 AM

The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Is that means that, this is the time to introduce Bitcoin to the WORLD? Cool

HigsonPP

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The Chinese market has crashed down with 30℅ of its stock. Bitcoin is taking up the opportunity in the area of worries , where it is helping itself and the investors. After Greece crisis , people should be well aware of the benefits of Bitcoin.

Amph

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Quote from: DeepLee on July 07, 2015, 08:15:51 PM

China stock martet volume was doubled in the past year. So, 30% drop is a little case.

so this is only a big swing, because you can0t really talk about a crash in this case

Quote from: AgentofCoin on July 08, 2015, 12:07:53 AM

It will be interesting to see if China will start buying up BTC.
Currently, I'm not see much movement from them though.

they have no reason they can produce them

i think they know about their crash, and maybe they are searching for a refuge in crypto?

EternalWingsofGod

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Quote from: jbreher on July 07, 2015, 02:38:57 PM

While we've been distracted by little ol' Greece (with ~0.3% WDP), China's stock markets have lost $USD trillions in the last month!

Yeah, slipped under my radar too. Discuss amongst yourselves while I go read some...

Considering the amount of leverage it is coming back to bite them
Nothing unusual seeing that it was coming for quite some time, but with Greece in the highlight not as much attention is placed on this.

fryarminer

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Quote from: monsanto on July 08, 2015, 12:01:55 AM

Quote from: monsanto on July 07, 2015, 04:11:58 PM

Well if they keep doing this they'll be forced to trade bitcoin Wink

:

http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout

Quote

Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading.

Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges, according to data compiled by Bloomberg. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses.

The suspensions have locked up $1.4 trillion of shares, or 21 percent of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.

“Their main objective is to prevent share prices from slumping further amid a selling stampede,” said Chen Jiahe, a strategist at Cinda Securities Co.

The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.

Later, the number of halts requested increased to more than 1,200, the 21st Century Business Herald said, citing exchange data. The Shenzhen Stock Exchange will reject unjustifiable applications for suspensions, QQ.com reported, citing an unidentified person familiar with the matter.

It's spreading...

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails

Quote

A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value.

At least 1,323 companies have halted trading on mainland Chinese exchanges, locking up $2.6 trillion of shares, or about 40 percent of the market’s capitalization.

So in the last couple weeks we have seen banks restricting money withdrawals, people forbidden to remove cask from the bank safety deposit boxes, and share trading halted.

The government let's us think we have money. We don't. They let us use it. Unless it's Bitcoin - which they cannot restrict or halt.

AgentofCoin

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It will be interesting to see if China will start buying up BTC.
Currently, I'm not see much movement from them though.

monsanto

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..like bright metal on a sullen ground.

Quote from: monsanto on July 07, 2015, 04:11:58 PM

Well if they keep doing this they'll be forced to trade bitcoin Wink

:

http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout

Quote

Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading.

Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges, according to data compiled by Bloomberg. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses.

The suspensions have locked up $1.4 trillion of shares, or 21 percent of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.

“Their main objective is to prevent share prices from slumping further amid a selling stampede,” said Chen Jiahe, a strategist at Cinda Securities Co.

The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.

Later, the number of halts requested increased to more than 1,200, the 21st Century Business Herald said, citing exchange data. The Shenzhen Stock Exchange will reject unjustifiable applications for suspensions, QQ.com reported, citing an unidentified person familiar with the matter.

It's spreading...

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails

Quote

A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value.

At least 1,323 companies have halted trading on mainland Chinese exchanges, locking up $2.6 trillion of shares, or about 40 percent of the market’s capitalization.

DeepLee

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Quote from: dopecoindude on July 07, 2015, 10:45:30 PM

Quote from: pereira4 on July 07, 2015, 03:54:49 PM

www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.

Isn't bitcoin illegal in China ?

Or, is it they can't swap out to their national currency that is illegal ?

Dont' trust the rumour. Bitcoin is legal all the time in China.

pooya87

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there were many Chinese investors who took loans to invest in their stock market for the profit which is extremely risky. and last month when the stocks first started to fall , many of those investors had to quickly sell their investments to pay back the loans. as the result , this fueled an even bigger drop in stock prices.

since China is still a major Bitcoin player. I think we are going to see big moves by them in the near future. and if this happens, it is going to fuel the bitcoin market even more than what Greece is doing now.

dopecoindude

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Quote from: pereira4 on July 07, 2015, 03:54:49 PM

www.fiatleak.com

China still a major Bitcoin player. I expect big moves by them in the near future. AFter the greece incidents, every non-bitcoin invested individual will be rendered an idiot.

Isn't bitcoin illegal in China ?

Or, is it they can't swap out to their national currency that is illegal ?

jbreher

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Quote from: Harry Hood on July 07, 2015, 03:48:18 PM

jbreher, what news did you find us through your reading?

http://lmgtfy.com/?q=news%3A+china+markets

(sorry for the snark)

PenguinFire

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Quote from: ticoti on July 07, 2015, 09:13:32 PM

China has been in a really big bubble for some years,and it is starting to collapse

house prices are in a bubble too, but the point is that they are a very closed enviroment with own badge and they may avoid it or make it less bad

That is interesting. Is their housing crisis as bad as the most recent one in the United States?

coinableS

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I saw a post on twitter that said people are selling tons and tons "irrationally". It completely reminded me of the bitcoin bear market and I thought, ahh so that's where the bearwhale went. Cheesy

ticoti

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China has been in a really big bubble for some years,and it is starting to collapse

house prices are in a bubble too, but the point is that they are a very closed enviroment with own badge and they may avoid it or make it less bad

kelsey

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Quote from: jbrnt on July 07, 2015, 08:25:28 PM

Quote from: DeepLee on July 07, 2015, 08:15:51 PM

China stock martet volume was doubled in the past year. So, 30% drop is a little case.

Now that China's economy is slowing down, US picking up

if you consider 7.4% growth slowing down (compared to the US' 2.4%) then yes Roll Eyes

Topic: China markets, WTF!? - page 2. (Read 2756 times)