The price before the chinese entered in bitcoin in force was way lower than it is now.
It's controversial what was the price, since there was chinese exchanges before the jump in price.
Clearly, it was the chinese that breached the previous top of 10 april 2013: 266 usds at Gox and 251 at Bitstamp.
But I think it was the chinese that moved the price beyond about 150, after the dip to around 90 when Silk Road was busted.
Topic: Chinese banks suspend Bitcoin trade (Read 2289 times)
I think Chinese Banks suspend bitcoins trade will make bitcoin market become more healthy
So what was the market price before China started getting in heavy? Was it lower than where it is now in the 450s? Or higher?
Wouldn't it be relatively easy to see what effect China factually had on btc by the pre China price vs the current one and make a determination as to how much of the volatility or drop in particular was actually due to Chinese sell off, and then figure out the difference and where it likely is coming from?
Or is that doable?
I wasn't here then so I don't know...but reading through all this, if you removed the entire Chinese influence from the equation, and look at the thing minus that segment, what would the trend line actually look like? Is it tanking or higher than it was before China?
Wouldn't it be relatively easy to see what effect China factually had on btc by the pre China price vs the current one and make a determination as to how much of the volatility or drop in particular was actually due to Chinese sell off, and then figure out the difference and where it likely is coming from?
Or is that doable?
I wasn't here then so I don't know...but reading through all this, if you removed the entire Chinese influence from the equation, and look at the thing minus that segment, what would the trend line actually look like? Is it tanking or higher than it was before China?
this time for real? Now bitcoin and the bank system are definitively cut off for the chinese?Or just another fake ban?
at this point, who really cares anymore? this has been the narrative since, what, the beginning of the year? i don't give 2 shits about what china's government has to say anymore. decide whether you want it or whether you don't and just let it be.
it really seems like they are just trying to mess with the price, and over time what the chinese government does will have a more muted effect.
it really seems like they are just trying to mess with the price, and over time what the chinese government does will have a more muted effect.
What a pity
中国政府很害怕比特币的，怕金融垄断没了
good luck to ban it...dirty bastards.
The faster we all learn to ignore China's attempts to manipulate the price the better. In the mean time each round of panic creates new opportunities to get more for less fiat.
Theese are all rumors, just rumors spreading FUD, no official news letting us know that!!
china is always banning bitcoin. i mean, maybe, every week.
China's exit is a good thing for the whole bitcoin world!
China has severe capital controls.Bitcoin cannot be controlled. Therefore China is cracking down on the ability of Chinese citizens and businesses to buy and trade in Bitcoin in order to prevent even the slightest possibility of evading those capital controls.They will find a way out, sooner or later the people around the world will realize that they are being scammed and they will try to find a way out (gold/silver/bitcoin). Any governments that will try to stop their citizens from bailing out of the local currency will quickly lose support and might even risk revolts and revolutions. On top of that people will most likely try to obtain true wealth by illegal means if necessary.
The era of banking fraud is over, a new era is upon us, for better or for worse. But I think it's for the better.
If bitcoin really catches on and become the mayor currency in the world (or gold/silver for that matter) many governments will be forced to completely transform, as there's no way they can continue to operate without their endless money printing. And they won't get away with spending money on bullshit while continuously cutting spending on important things like education and healthcare.
You shouldn't take seriously what some holders write. For some of them, everything has to be good news to bitcoin. Or, at least, some think that if they write that is good, other people will believe and won't sell their bitcoins. As if anything we write here could have a serious impact on the price... ilusions...
The only thing good from the more or less banning of bitcoin in China is the end of incertitude. On the rest, if the chinese sell off part of their bitcoins this will be very bad.
The only thing good from the more or less banning of bitcoin in China is the end of incertitude. On the rest, if the chinese sell off part of their bitcoins this will be very bad.
China's exit is a good thing for the whole bitcoin world!
Please explain? Would'nt the Chinese be putting in money into Bitcoin and thus raising the value of your own bitcoin?
China's exit is a good thing for the whole bitcoin world!
China has severe capital controls.Bitcoin cannot be controlled. Therefore China is cracking down on the ability of Chinese citizens and businesses to buy and trade in Bitcoin in order to prevent even the slightest possibility of evading those capital controls.
These bank decisions have only changed the character in which RMB holders are aquiring coin.
Bitcoin is a global phenomenon, not only for China. China played its part and it is time to move on. There are huge markets in other parts of the world, like Africa and South America.
I just wonder when China will really exactly determinantly ban the bitcoin.
Tend to be limited in order to reflect the value of their own , is not it ?
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