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Topic: Chinese influence on BTC price - page 2. (Read 1722 times)

sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
November 25, 2016, 09:23:48 PM
#11
What are the main drivers of BTC price change in China?

What are the trends?
 

USDCNY atm.

coiners there buy when it goes up. this takes BTCUSD with it.
always when BTCUSD goes up, look for the reason in CHina lol

china is giving the big part of bitcoin trading and of course with the price and we all know about this, anything goes with bitcoin, then we should take a look with china market exchange, its happen with up and down price. if traders from china decide to make the price is down, then the other market will be follow.
I agree on that. Most bitcoin holders are chinese. Since in their country all of people them dream not to be a employee but to be a businessman, they would invest on a business that they know they would earn. I like to mindset of their country, sooner they could be the most influenced country in terms of trading.
legendary
Activity: 2413
Merit: 1003
November 25, 2016, 11:36:59 AM
#10

51% hash attack in my mind.
But the main drive still holds by Chinese miner.


The demand was increasing and which mean will boost the price of bitcoin.

 Grin
As the users of bitcoin can be found in all over the world. All most all the countries of the world will be using bitcoin, so how can it be possible for a single country to manipulated the price of bitcoin so easily, I am not agree with this statement.

the answer is volume: https://exchangewar.info/

The is volume not completely true because most Chinese exchanges are using trading bot to create volume and make profit from it.

sure but still we can safly say that way over 50% of volume is in China.
legendary
Activity: 1193
Merit: 1001
Chinese translator
November 25, 2016, 07:26:07 AM
#9

51% hash attack in my mind.
But the main drive still holds by Chinese miner.


The demand was increasing and which mean will boost the price of bitcoin.

 Grin
As the users of bitcoin can be found in all over the world. All most all the countries of the world will be using bitcoin, so how can it be possible for a single country to manipulated the price of bitcoin so easily, I am not agree with this statement.

the answer is volume: https://exchangewar.info/

The is volume not completely true because most Chinese exchanges are using trading bot to create volume and make profit from it.
legendary
Activity: 2413
Merit: 1003
November 25, 2016, 07:19:06 AM
#8

51% hash attack in my mind.
But the main drive still holds by Chinese miner.


The demand was increasing and which mean will boost the price of bitcoin.

 Grin
As the users of bitcoin can be found in all over the world. All most all the countries of the world will be using bitcoin, so how can it be possible for a single country to manipulated the price of bitcoin so easily, I am not agree with this statement.

the answer is volume: https://exchangewar.info/
hero member
Activity: 910
Merit: 502
November 25, 2016, 03:47:16 AM
#7

51% hash attack in my mind.
But the main drive still holds by Chinese miner.


The demand was increasing and which mean will boost the price of bitcoin.

 Grin
As the users of bitcoin can be found in all over the world. All most all the countries of the world will be using bitcoin, so how can it be possible for a single country to manipulated the price of bitcoin so easily, I am not agree with this statement.
legendary
Activity: 1218
Merit: 1006
November 25, 2016, 03:14:22 AM
#6
Along with china holding majority of mining power or atleast china based company are behind manufacturing bitcoin mining devices as well as mining farms, you can check http://fiatleak.com/ which shows most of the bitcoin trading volume comes from china (either from manual or bot trading). This is why the devaluation of yuan shows strong pump in bitcoin as well as small news regarding Chinese economy influences bitcoin market.
sr. member
Activity: 924
Merit: 260
November 25, 2016, 02:00:20 AM
#5
50% of bitcoin mining is done in China and because of this bitcoin technology and advance software are developed there. I noticed, bitcoin market move in trend during Chinese trading session. Am a wise trading should take advantage of this in other to make profit on margin trade.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
November 24, 2016, 11:05:20 PM
#4

51% hash attack in my mind.
But the main drive still holds by Chinese miner.


The demand was increasing and which mean will boost the price of bitcoin.

 Grin
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
November 24, 2016, 09:13:46 PM
#3
What are the main drivers of BTC price change in China?

What are the trends?
 

USDCNY atm.

coiners there buy when it goes up. this takes BTCUSD with it.
always when BTCUSD goes up, look for the reason in CHina lol

china is giving the big part of bitcoin trading and of course with the price and we all know about this, anything goes with bitcoin, then we should take a look with china market exchange, its happen with up and down price. if traders from china decide to make the price is down, then the other market will be follow.
legendary
Activity: 2413
Merit: 1003
November 24, 2016, 07:38:44 AM
#2
What are the main drivers of BTC price change in China?

What are the trends?
 

USDCNY atm.

coiners there buy when it goes up. this takes BTCUSD with it.
always when BTCUSD goes up, look for the reason in CHina lol
newbie
Activity: 2
Merit: 0
November 24, 2016, 05:27:13 AM
#1
What are the main drivers of BTC price change in China?

What are the trends?
 
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