Topic: china will no longer able to control bitcoin market??? (Read 3876 times)
I trust we crypto clients have composed china off from being a pioneer in this business and they never again have the control of the bitcoin advertise as they did in light of the fact that each time they are in the news we get a rush of frenzy which is to a great degree awful for this industry yet now we have another safe haven(Japan) which appears to discount all pessimism originating from its partners.
China and does not try to control it, since they have just begun to make their own particular state cryptographic money, and in itself bitcoin has outlasted itself, I would not prescribe it until it's past the point where it is possible to take a gander at new all the more encouraging coins.
it's a verified actuality with respect to this issue, step by step the lion offer of Bitcoin is moving to china to other nation like Japan and South Korea, so China is losing the real part on this stage. I have a conviction that Japan is replacing Bitcoin. in late time, China government has taken an activity to control on the ICO framework with the goal that a great deal of Chinese financial specialists getting debilitated to put resources into this framework. so China is losing it's individual predominance on the Bitcoin advertise.
Actually, the most business minded people are chinese people, they are people good in different business strategy, so we cannot directly believe on the issue about china has no longer control in cryptocurrency business, maybe chinese people only used their strategic way to become silently rest of some fear and curiosity of other people who accessed bitcoin. But we don't know the plan of chinese people, maybe these coming days, they back again on bitcoin business, and secretly dominating or dominates all different transactions on bitcoin business.
China actually can't control anything. If you don't say China can control bitcoin, China doesn't even have a decent payment app!
China's bitcoin users need a VPN to access the real Internet!
China's bitcoin users need a VPN to access the real Internet!
China and does not seek to control it, since they have already started to create their own state crypto currency, and in itself bitcoin has outlived itself, I would not recommend it until it's too late to look at new more promising coins!
yes , now the bitcoin's price depending on global policy
Of course. Bitcoin can stand or survive whether China will support it or not because it is not depending on China now. It has its own strength now unlike before that it will go down if China will not support it. Many bitcoin investors nowadays that it can rely on and not that country, China.
I thought after China is out of play - the price of bitcoin would fall considerably and that would be a long-term trend until the market revitalizes and shifts powers. But it never happened. I guess it is a sign that bitcoin is becoming stronger.
this is a completely speculative market, and all the capacities and pump pools are in China, I do not think that the coordinates have changed!
yes , now the bitcoin's price depending on global policy
Yeah ,global policy control has always been the design of bitcoin (and the users will be better for it) though we are yet to be experiencing that because of the tussle and acceptance issues.
When it starts being controlled by global outcomes, we would then see a more stable bitcoin volatility and then the movement and direction can then be assumed or predicted like we have in fiat .
It's all about buying powers, whales could be anywhere and few of these will able to somehow influencing the market again when the time was right. China had too much attention those days and that's why people would feel that China was sort like controlling BTC. FUD and globalized decision would be now the biggest threat for BTCas small countries would have no reason or the power to influence them. I personally blame medias that over-dramatize BTC as dot-com bubbles even though some of them had no expert knowledge with the potential of blockchain.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
Since China let go handling Bitcoin I think we can be more profitable in the sense that opportunities will not be always for them, we can also be part of development of this system although China is one of the biggest contributor not only for the world's economy but also here in bitcoin , this system had already survive from depreciation of 10% last few weeks ago which threatened most of the people , and since they are gone, they are no longer accessible for controlling marketplace.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
China lost the opportunity to be the forefront of being reckoned with for bitcoin but they lost it with pronouncing a ban of cups. This is a debacle to them even though I believe they would look for means to come back but is going to be an uphill task for them.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
China lost the opportunity to be the forefront of being reckoned with for bitcoin but they lost it with pronouncing a ban of cups. This is a debacle to them even though I believe they would look for means to come back but is going to be an uphill task for them.
Right. The chinese ban had i think, a shock effect but right after things calmed down, we're back on track. This goes to show that btc won't be relying on amy specific country trying to regulate it.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
China lost the opportunity to be the forefront of being reckoned with for bitcoin but they lost it with pronouncing a ban of cups. This is a debacle to them even though I believe they would look for means to come back but is going to be an uphill task for them.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
I think there is no bad intentions here regarding with Chinese people or China itself in controlling such market things in cryptocurrencies, it just that happen that many Chinese people tend to invest earlier with crypto and at the same time they represent a big amount of miners in the whole world and with that we can't do anything because it is their choice more than other races and countries. If they wishes to control it then they must be unite as there is a massive amount of money and crypto that is required in really controlling the market.
There is no concrete evidence that a single country are controlling the prices of the market, it is all speculations and conspiracy only. Anyone can really tell what is their opinion in everything but I only believe to those that can show a solid evidence that someone or a group of people is controlling the price.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
Sure if Bitcoin gets decentralized enough then the Chinese and other monopolywhores wouldn't be able to control much stake in the network and volume of bitcoins in their possession in order to determine prices for us all. We need get involved and get the message everywhere.
Bitcoin is spread through the world and a single country cant be responsible to have a say in manipulation of it. Little bit pumps or dumps can be planned if a country has a large share of the coins but nobody can fully control it for sure.
First of, China is not a one person. And no other country is, except North Korea maybe. I mean nowhere there are meetings on the government level with an agenda like "How to control Bitcoin?"
But if all the people living in China decided to consolidate in order to manipulate the Bitcoin's price would they succeed? That's another question.
Yes probably there is still people out there in china that is mining or earning bitcoins. Governments of china banned bitcoin because of illegal transactions and since the incident is done then i think that everything will go back to normal and china will still contribute to the circulation of china.
it's a true fact regarding this issue, day by day the lion share of Bitcoin is shifting to china to other country like Japan and South Korea, so China is losing the major role on this platform. i have a belief that Japan is taking the place of Bitcoin. in recent time, China government has taken an initiative to regulate on the ICO system so that a lot of Chinese investors getting discouraged to invest in this system. so China is losing it's individual dominance on the Bitcoin market.
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
China lost the opportunity to be the forefront of being reckoned with for bitcoin but they lost it with pronouncing a ban of cups. This is a debacle to them even though I believe they would look for means to come back but is going to be an uphill task for them.
That's the beauty of it - governments not being able to control BTC and make it rigged like everything else they do, and it's one of the basic principles of creating BTC, isn't it?
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