china will no longer able to control bitcoin market??? - page 6.

Betwrong

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Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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 is a big country and there are a lot of people living there. There's no conspiracy that all of them are taking part in. Everybody is on its own there like elsewhere in the world. I can't understand why people keep saying things about China like all the chinese can agree on something, for example on keeping the price of Bitcoin down.

randy8777

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china has never been fully in control of the market. it was looking like that because of their insanely inflated trading volumes, but we all know how this ended. western exchanges have re-claimed their top position when it comes to the trading aspect. it's actually very embarrassing seeing that chinese exchanges went from a few million traded coins per day, to now far less than ten thousand per day. it's peanuts, really.

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The majority of exchange volume happens in China, this probably ain't going to change anytime soon, so it is natural that they are the main price influencers.

Unlike with other coins or industries bitcoin miners probably don't have much influence over price, if they sell or hold all of their coins it will be nothing compared to global volume.

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If bitcoin users will increase, why don't you think that some part of those users will be from china? Mostly which country mines bitcoin's big part, that is able to control it. So nowdays we see that china is mining bitcoin mostly, also their exchangers are well known and used, so that's why they have more opportunity to control bitcoin.

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Quote from: avikz on March 14, 2017, 03:48:15 AM

That's a real welcoming news as Central Bank of China has decided to audit the online exchanges. This will somehow discourage the people who are faking volume and trying to manipulate the bitcoin price.

However, that will not completely remove the cancer from the system. There are many workarounds of the same. I'm sure Chinese people will find some workaround for the same. However, some fat at least got burned and probably we will see a little less inflated price and manipulation.

There's also a downside to that. While China government interference with Bitcoin is somewhat good, It is also believed that they did it in a bid to be in control and possibly manipulate Bitcoin even further.

The stories about China's manipulation was fueled by Government regulating of Chinese exchanges

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That's a real welcoming news as Central Bank of China has decided to audit the online exchanges. This will somehow discourage the people who are faking volume and trying to manipulate the bitcoin price.

However, that will not completely remove the cancer from the system. There are many workarounds of the same. I'm sure Chinese people will find some workaround for the same. However, some fat at least got burned and probably we will see a little less inflated price and manipulation.

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Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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.

We all know that the big drop in the Bitcoin value was related to some Chinese operations back in mid 2014. Same in bitcoin gambling market, China is an important player and will remain.

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Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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 don't think China do that some Chinese business man im sured do that.
Im believed that exchanges is the one who can in manipulating price.

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Quote from: JL421 on March 14, 2017, 02:24:33 AM

You can't tell that for now as till date i still think 60-70% of investors are from china itself but of course the number is reducing daily and i see more chinese getting some actually sense in them. All bitcoin wants now is investments from people around the world as many are aware but for some reason not investing.

Its always them so far, the Chinese investors and miners. It can only decrease gradually but they still are as we speak. If they can talk to one forum and control the market they easily can and will absorb all the USD if they can. It looks like they can control the world with it if now being solved by PBOC. The world is a better place without a a group of people that will control us, its one of the reason why we got into decentralized currencies.

Quote from: Amph on March 14, 2017, 01:59:51 AM

china is only holding the greater % of mining currently, for trading they are behind japan already, and many indian people are entering the market, if the value grow more, it mean that more people are trading bitcoin

actually china people are in high numbers, if there will be more interest there they can still control the big % of the market

but apparently not all chinese are buying bitcoin, it's the opposite very few of them(in comparison with how many they are) are buying many are in the mining scene

Also saw that lately, bitflyer.jp has the top volume.

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You can't tell that for now as till date i still think 60-70% of investors are from china itself but of course the number is reducing daily and i see more chinese getting some actually sense in them. All bitcoin wants now is investments from people around the world as many are aware but for some reason not investing.

Idrisu

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A decentralized crypto currencies like bitcoin and others altcoins should not be control by a single country like what people bank of china think they are doing. Though majority of the miners, traders and exchangers are from china currently but time will come when individual, group of people and country will not be able to control bitcoin and others altcoins through bad intervention like what people bank of china are doing to exchangers in other to create panic for traders to sell off their position.

Amph

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china is only holding the greater % of mining currently, for trading they are behind japan already, and many indian people are entering the market, if the value grow more, it mean that more people are trading bitcoin

actually china people are in high numbers, if there will be more interest there they can still control the big % of the market

but apparently not all chinese are buying bitcoin, it's the opposite very few of them(in comparison with how many they are) are buying many are in the mining scene

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Quote from: X-ray on March 13, 2017, 11:23:49 PM

Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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.

Glad to see peoples bank of china had made the correct decision to audit all of the Chinese exchange sites. They're not having the power to control market price again. Many thanks for the PBOC. At this time the trend is always turning to a bullishtrend. Grin

You might regret this "thanks" in the coming months, because the Chinese government have just started to regulate these exchanges. They say, it is to prevent "bubbles" but some people think they have another agenda. You have to look at the bigger picture. They are researching options for their own GovCoin and Bitcoin will be the competition.

They also want full control over their citizens money and Bitcoin circumvent some of these controls, so they will push back hard to regain the control. ^grrrrrrrr^

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Quote from: Haslett5236 on March 13, 2017, 10:08:53 PM

yes , now the bitcoin's price depending on global policy

true today China is no longer the holder of the largest users in the world there are many other countries that have a large user
as well as various other countries which have a large enough user

serje

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Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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 isn't controlling the price of BTC!
the miners from china might do it!

Other exchanges can't keep the price rising!

Because the price is made by humans that want to buy and humans that want to sell.

It's a matter of demand and offer!

in my opinion some BTC miners stopped selling their BTC the price started to rise, everyone else stopped selling and the price rise even more!

ArdiPrabowo

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Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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.

because until now PBOC still control china exchanger
withdraw yuan in china exchanger not yet normal, so china trader still wait and see, so bitcoin price defeat another exchanger 70-80 dollar/bitcoin

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Quote from: vinales84 on March 13, 2017, 09:49:40 PM

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.

Glad to see peoples bank of china had made the correct decision to audit all of the Chinese exchange sites. They're not having the power to control market price again. Many thanks for the PBOC. At this time the trend is always turning to a bullishtrend. Grin

Haslett5236

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yes , now the bitcoin's price depending on global policy

vinales84

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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.

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