Topic: Chinese market has nothing to do with BTC price, am I right? (Read 323 times)
Considering 2Bn. of people living in China, majority of the crypto and mining users and investors are from China, of course, there is too much affect on cryptos. As you know there was a ban to crypto in all usages through the country, many of the investors and people who use cryptos will unable to apply that system. In this case, logically decreasing of the price is inevitable.
ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
ICOs were only banned, but investors as far as I am concerned have not stopped holding their bitcoin and I am sure the reason why the Japanese market grew over night was as a result of probably the Chinese traders moving into the market due to the exchange problem and issues in China. However, China on its own does not have anything to do with the market; the market is responding normally when it is ready to respond, and whatever happens on the chart shows some huge number of big guys playing with the market.
I kind of agree. Well once in a while a chinese drama do affect the price but some day crypto users will eventually tire of anything chinese and it won't have the effect it has like today. In the end, btc price will still be based on supply and demand and demand will only increase in time
ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
ICOs were only banned, but investors as far as I am concerned have not stopped holding their bitcoin and I am sure the reason why the Japanese market grew over night was as a result of probably the Chinese traders moving into the market due to the exchange problem and issues in China. However, China on its own does not have anything to do with the market; the market is responding normally when it is ready to respond, and whatever happens on the chart shows some huge number of big guys playing with the market.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
i disagree and i say Chinese market doesn't have that big an effect on bitcoin price that everybody has been thinking so far all these years. it is more of a fear of Chinese market that causes weird movements in bitcoin price.
not to mention that every year at the same time we have the same drops and that is while we only had the Chinese ICO ban this year!
No country in this world has a huge impact on the price of bitcoin as far as I feel. The market sure responds to news but we have to consider the fact that this is a decentralized market and the whales will always have an upper hand. With the way the market responds sometimes, you will definitely know that it is somehow controlled, and if some group of people just wants it down, there is nothing stopping them. May be all these would change in the future, but for now, it just keeps happening.
Before yes but now Koreans are the ones who drives the market up and down.
It is really affecting the price of bitcoin and most of the news that comes from any country that is reflecting the price of bitcoin is through FUDs. There are also affection through good news but I see higher impact with those fake ones.
China has limited their people to invest into ICO's but they can still play through the bitcoin market especially for those who are rich enough, they can fly away in any country where they want to just to pursue their desire of getting involved in the market all the time.
It is practically impossible to fly to another country just to trade bitcoin,it is a highly impossible situation that would happen,major miners from China are moving to other countries but i am not sure traders would migrate just for the sake of bitcoin,Chinese market has nothing to do with the price of bitcoin right now but i hope they will allow people to trade at a later time.China has limited their people to invest into ICO's but they can still play through the bitcoin market especially for those who are rich enough, they can fly away in any country where they want to just to pursue their desire of getting involved in the market all the time.
It's not about trading bitcoin forever, it's about exchanging it to fiat to a better country that has a better law about crypto / bitcoin so they can cash out easily and effortlessly.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
China surely has no bearing on btc prices as of now. With the way the government is acting, it seems they do not want money to out of their economy as what it was before they clamped down on btc.
My speculation is China will not really embrace bitcoin, only the technology. They see bitcoin as a product of western ideology and will undermine the communist party there.
China does have a big influence in the price of bitcoin and before the ban they have the biggest volume when it comes to bitcoin trading and so it does have a big influence in the price and after the ban we could still see big volumes coming from Asian countries and my guess is that the Chinese are trading in other Asian exchanges,banning of ICO does not make any difference to the price of bitcoin.
It doesn't. Like you've just said it had the biggest volume, but now that volume has moved to Japan and Korea. There's no trading in China, so negative news from china don't and will have no influence on the price. We can't be sure where the Chinese traders are trading now, but it's probably Japan since it has the biggest volume at the moment and is in a close proximity. I think that China will enable trading later this year.
The ICO ban is an attempt to attract internal reserves for investments. I don't know how it will stimulate production, but the course of their thoughts is clear. It seems to me that e-currency cannot be stopped by any government. For this reason, we have not seen significant changes since their limitations.
I don't think it has anything to do with that. The widely accepted reason seems to be that they want to stop capital outflows, and it does make sense considering they also banned exchanges. Most of their other actions also seem to indicate the same. No one knows for sure though, I guess.
The ICO ban is an attempt to attract internal reserves for investments. I don't know how it will stimulate production, but the course of their thoughts is clear. It seems to me that e-currency cannot be stopped by any government. For this reason, we have not seen significant changes since their limitations.
I don't think it has anything to do with that. The widely accepted reason seems to be that they want to stop capital outflows, and it does make sense considering they also banned exchanges. Most of their other actions also seem to indicate the same. No one knows for sure though, I guess.
We can’t deny the fact that every country can affect bitcoin pricing
It is really affecting the price of bitcoin and most of the news that comes from any country that is reflecting the price of bitcoin is through FUDs. There are also affection through good news but I see higher impact with those fake ones.China has limited their people to invest into ICO's but they can still play through the bitcoin market especially for those who are rich enough, they can fly away in any country where they want to just to pursue their desire of getting involved in the market all the time.
Well I agree on that, FUDs and fake news have affected the price much more than a good news. Maybe because the investors on cryptocurrency right now are still young and new, that they’re decision rely much on emotions and never have been as experienced as crypto user on early days of bitcoin. Of course, chinese citizen can still invest on bitcoin and not on ICO but it is really annoying on their part to just go out on other country and participate.
It is practically impossible to fly to another country just to trade bitcoin,it is a highly impossible situation that would happen,major miners from China are moving to other countries but i am not sure traders would migrate just for the sake of bitcoin
If you as wealthy individual don't agree with the authorities regarding their hostile stance on crypto in its entirety, and it affects you personally, you'll move out. Especially when you know for sure that you'll be missing out on hundreds of thousands of dollars in profits every year. I would do the same if that would allow me to continue doing what I have always been doing, but suddenly was forced to stop due to my paranoid government. Admittedly, this only applies to a very small minority of the traders in this market, but still, it happens, and will continue to happen. I respect these individuals a lot, because they don't let their government form an obstacle in their personal and professional life.
i hope they will allow people to trade at a later time.
I am fairly sure that they will, and likely within the coming few years. I strongly believe that China shutting down its exchanges was done purely to buy time in order to come up with proper regulations. Patience....
It is really affecting the price of bitcoin and most of the news that comes from any country that is reflecting the price of bitcoin is through FUDs. There are also affection through good news but I see higher impact with those fake ones.
China has limited their people to invest into ICO's but they can still play through the bitcoin market especially for those who are rich enough, they can fly away in any country where they want to just to pursue their desire of getting involved in the market all the time.
It is practically impossible to fly to another country just to trade bitcoin,it is a highly impossible situation that would happen,major miners from China are moving to other countries but i am not sure traders would migrate just for the sake of bitcoin,Chinese market has nothing to do with the price of bitcoin right now but i hope they will allow people to trade at a later time. China has limited their people to invest into ICO's but they can still play through the bitcoin market especially for those who are rich enough, they can fly away in any country where they want to just to pursue their desire of getting involved in the market all the time.
We can’t deny the fact that every country can affect bitcoin pricing
It is really affecting the price of bitcoin and most of the news that comes from any country that is reflecting the price of bitcoin is through FUDs. There are also affection through good news but I see higher impact with those fake ones.China has limited their people to invest into ICO's but they can still play through the bitcoin market especially for those who are rich enough, they can fly away in any country where they want to just to pursue their desire of getting involved in the market all the time.
I do not think that China, as it can affect the price of bitcoin although there are large mining and farm, but still some news troubled some investors and they panic that just leads to a panic in the market but then stabilized as even China cannot oppose anything bitcoin!
Probably impossible to be so categorical. The Chinese government is no fool. They always know what they're doing. The ICO ban is an attempt to attract internal reserves for investments. I don't know how it will stimulate production, but the course of their thoughts is clear. It seems to me that e-currency cannot be stopped by any government. For this reason, we have not seen significant changes since their limitations. Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
They definitely still have an impact on the global bitcoin market.
Just because their government has banned bitcoin, does not mean that people are stopping to trade bitcoins altogether. That would make no sense considering that was literally the venture that made them rich in the first place.
They have a more hidden influence right now, though. A lot of the purchasing and trading have now gone to p2p mode, sometimes completely off localbitcoins and only through a network of contacts, even. Others may be trading overseas in different various exchanges. It's not right to discount the Chinese bitcoin community like that, they are still thriving just in a different way.
I have heard that even though a ban for trading has been made, traders were able to find a way around it. They did not stop trading despite what their government has done therefore the ban did not have much effect expect spread some FUD when it was announced.
Considering that a large volume of miners and traders belong in China, their market has nothing to do with the price however may somewhat affect it. It has been said that the recent price drop was caused by Chinese New Year, and since it's tradition for the Chinese to spend luxuriously during this event, many crypto-users from China has cashed out in order to spend. Considering this, the large volume of users within their country can actually have some effect on BTC price.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
Agree with your words since September 4, 2018 until now nothing has changed with the rules it. This is a fact while what happened last month is just a mere FUD.
The Chinese government really narrow the bitcoin motion with the rules it makes, they have strictly forbidden adopters and crypto users to buy bitcoin.
I do not think that China, as it can affect the price of bitcoin although there are large mining and farm, but still some news troubled some investors and they panic that just leads to a panic in the market but then stabilized as even China cannot oppose anything bitcoin!
We can’t deny the fact that every country can affect bitcoin pricing, if we’re talking about on investors and demand aspect. Like China last September breakdown cause a slight dip on price after the implementation but recover afterwards. The recent attacks by mainstream and influential people have implicated this slow response of investors because of doubts.
Is this another news for real? It doesn't have any source where we can read if this is an official statement. Since last year, I don't have any interest if there's news about China.
ICOs are still banned, but cryptos aren't. They only expanded the exchange ban to include even peer-to-peer exchanges, which were used as a loophole, as detailed in this article:
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
So basically, you're still free to trade for as long as you don't use any platform. Some consider this a de facto ban, which is why you often see people exaggerating, saying everything is banned.
China still has some sway, especially because they house majority of the world's hashpower behind their Great Firewall, but I don't think they can do any worse to the market than the crash to $3000 with their initial exchange ban last year.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
Yes chinese have almost lost their influence over bitcoin price.Before an year,chinese exchanges were blamed that they created fake trade volumes and manipulated bitcoin price.Since there was zero fee trade,chinese traders too gambled more in the bitcoin market.but after PBOC actions,they lost their game.There were days when every bitcoin trader keenly watched china's bitcoin market movements before making any decision of buying and selling.But now its no more.Now bitcoin's price is influenced by global investors decisions.
The Chinese government may have banned ICO and cryptocurrency in their country but I think some citizens are still engaging in ICO or investigating in cryptocurrency probably using the Japan exchange or using exchange that does not require KYC verification. And right from the onset, I don't think the Chinese market has an influence in the price of bitcoin. Maybe they did at the beginning of bitcoin evolution but not anymore.
Chinese bitcoiners are still enthusiastic but with all of this FUD, everyone might wanna ride to the bandwagon where the FUD creator want everyone to lead their way. China has nothing to do with it and we do still have a lot more countries that is into crypto and not just China, there are still big fish in this story and not just China. Some might wanna hop to the bandwagon but not everyone. Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
China does have a big influence in the price of bitcoin and before the ban they have the biggest volume when it comes to bitcoin trading and so it does have a big influence in the price and after the ban we could still see big volumes coming from Asian countries and my guess is that the Chinese are trading in other Asian exchanges,banning of ICO does not make any difference to the price of bitcoin. I think China is a huge market because when compared to other countries China more than 300 billionaires.
What has this to do with Bitcoin itself? It's about the major number in terms of their population that makes China a large market, and not about how many billionaires a certain country accounts for. China in every aspect is the largest potential market when it comes to basically everything, but that doesn't mean that it also reflects that in each and every aspect. I was actually quite disappointed in how the volumes on Chinese exchanges dropped to insanely low numbers after the PBOC jumped in, and that for such a massive market. One thing is sure, the market hyped up China to be more of an important factor than it in reality was back in the days. I'm not saying they aren't playing an important role anymore, but their significance is no longer present.
There is still an outside influence on bitcoin from China. Even after the crackdown of exchanges and ICO, still the major percentage of mining operation is running in China. Mining, if not directly, can still play a major role in Bitcoin price action which in turn manipulate the altcoin price action. Bitmain has done price manipulation many a times before and most probably can do it again.
However, Chinese market has largely lost their grip over bitcoin price action. Now, major manipulators are from USA and Europe where companies and multimillionaires are entering in cryptos.
However, Chinese market has largely lost their grip over bitcoin price action. Now, major manipulators are from USA and Europe where companies and multimillionaires are entering in cryptos.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
Well they are still trading as far as I know through OTC (Over-the-counter) and up to now they are not yet ban because it doesn't violate any law. But I'm sure that the Chinese are thinking right now how to counter this thriving ecosystem and soon it will be ban as well. And many Chinese did move to friendly neighbors like Japan, South Korea and Singapore to continue their bitcoin trading activity. So I think they still command influence on the ecosystem but not as it used to be. So don't take them out of the equation. They are still as relevant before the crackdown by the Chinese government.
I don't agree, with the statement because there is an influence on the Chinese market because there are many people who are bitcoins from China. I think China is a huge market because when compared to other countries China more than 300 billionaires.
ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
You are right bro! Or I would rather say I share the same opinion with you. I feel the attention we are giving to some countries and thinking they have a huge impact on the price of the market is too much and we over hype it most of the time. I like the way you used those words, 'coordinated action of whales'. These are the guys that controls the market as far as I am concerned and they only make use of the news, FUD to create some panic in the market considering how a lot of weak hands are present and how the market responds to news easily. So, I do not believe that China or any other country have any major impact on the price of bitcoin and like I always say, they are just a tiny piece of the puzzle.You guys are right, all these fluctuations has nothing to do with the market, the whales are there with the upper hand and the traders and little investors are there to respond to the market.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
They definitely still have an impact on the global bitcoin market.
Just because their government has banned bitcoin, does not mean that people are stopping to trade bitcoins altogether. That would make no sense considering that was literally the venture that made them rich in the first place.
They have a more hidden influence right now, though. A lot of the purchasing and trading have now gone to p2p mode, sometimes completely off localbitcoins and only through a network of contacts, even. Others may be trading overseas in different various exchanges. It's not right to discount the Chinese bitcoin community like that, they are still thriving just in a different way.
Wrong, China still got a huge influence in crypto, there are huge volume of users coming from China, despite the government banning, there are still a lot of Chinese investing and involved in crypto, the regulation seems not too effective to contain the investors enthusiasm in crypto currencies
Since the ban on ICO and exchanges released by Chinese government on September 4
Is this another news for real? It doesn't have any source where we can read if this is an official statement. Since last year, I don't have any interest if there's news about China. Before I'm amazed on how they are contributing to the crypto market and they are one of the biggest movers but I know that until today they are part of it. I'm just annoyed with FUDs or fake news that pointing out their country.it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
Chinese who are in China but they are scattered all over the world and for sure there are big contributors who are outside their geographical location who is/are giving big influence to bitcoin market. 
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
we get rid of the Chinese and now we have the Koreans who, by the way, are from Asia and are Chinese neighbors. if one day these Koreans change they mind and ban bitcoin? we must have several countries from several continents that regulate and buy and use very bitcoin, this so that we do not have a great influence of Asia that does not provide us with much security, taking the japan the other Asian countries has constantly changed its positions which does not offer security, with the china was thus. One day they would say something and another day they would say something else and we would hear ban news. We can not trust the countries of Asia so much.
That we still hear about Chinese FUD today is laughable.
china is still a major geopolitical power. the perceived legitimacy of BTC and crypto in the eyes of major governments definitely affects confidence in the markets. that should come as no surprise.
Depends on whether the Chinese were able to migrate to other exchanges. I'm not convinced they could. There basically is no Chinese market any longer but there still is a lot of Chinese money.
the OTC market is massive compared to last year:
the jump in volume lines up with the exchanges shutting down withdrawals last year. nobody's stopping OTC traders from sending their coins overseas. seems like the chinese exchanges all moved to hong kong, not sure on the volumes though.
And there might be further scares about Chinese mining. That might cause a blip but ultimately it would be the best possible news for Bitcoin's overall health if they made an orderly exit.
i think lots of chinese hashpower has already moved outside the country. they're probably still using chinese pools, though. if the government came down on miners and pools, i think the drop in hashpower would be less drastic than people think.
The Chinese government may have banned ICO and cryptocurrency in their country but I think some citizens are still engaging in ICO or investigating in cryptocurrency probably using the Japan exchange or using exchange that does not require KYC verification. And right from the onset, I don't think the Chinese market has an influence in the price of bitcoin. Maybe they did at the beginning of bitcoin evolution but not anymore.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
It wasn't the ICO/exchange ban. The Chinese government began investigating the exchanges in January 2017. At that time, all the infamous volumizer bots were shut down. Huobi, OKCoin, and BTCC halted all cryptocurrency withdrawals in February, and after that, a massive disparity between Chinese and Western prices developed, because China didn't reflect the true price.
After this, everyone stopped paying attention to China.
ICO has nothing to do with the price of bitcoin.
They are indirectly related. You need to buy into base currencies like ETH and BTC to invest in ICOs, which increases demand and lowers supply for the base currencies. And all altcoin markets are highly dependent on BTC price action.
Depends on whether the Chinese were able to migrate to other exchanges. I'm not convinced they could. There basically is no Chinese market any longer but there still is a lot of Chinese money.
And there might be further scares about Chinese mining. That might cause a blip but ultimately it would be the best possible news for Bitcoin's overall health if they made an orderly exit.
And there might be further scares about Chinese mining. That might cause a blip but ultimately it would be the best possible news for Bitcoin's overall health if they made an orderly exit.
I think that most of them did move. Mostly to Japan. If you were watching the markets at that time, and i'm sure you were, you could notice that not long after the Chinese exchanges have announced that they'll have to shut down, the volume on Japanese exchanges have multiplied, making them the leading market. The money must have come from somewhere and the most viable explanation is that it came from the traders that used to invest on the biggest Chinese exchanges. It wasn't that difficult for them to move some cryptocurrency from one address to another and register through a local, Japanese entity, a proxy.
I believe a lot of them also migrated to Hong Kong and set up accounts on various exchanges from there, since there were no laws restricting them from doing it and the money was just too good.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
The action just shifted from China to Japan and South Korea, after the Chinese government effectively shut down exchanges in late 2017. We should however not underestimate the influence of Chinese investors, as a significant percentage have stayed invested through Korean exchanges and in offshore exchanges. The good point is that rumours emanating from China have stopped moving the market, because they think the government's stance can't get any worse.
True i strongly agree with what the op says. According to my analysis they have made it hard for the whole development of crypto especially Bitcoin. Bitcoin is their primary target to be killed slowly. This condition is in the end more disordered when china only supports her son named suNeo, Neo is the only one the coin is considered legal and fully supported by the Chinese government it is no wonder if Neo occupy the first rating in the exchanges china .
Chinese New Year kept being mentioned for the last few weeks. I really didn't see why it should have very much affect on Bitcoin prices. I don't know what is influencing the price now. Because I suppose something must be. It seems to be hovering ready to crash or soar.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
NO, China has one the biggest volume of bitcoin and it really can influence the global market. I believe there are very large numbers of investors coming from China. Their government is uncertain whether they should embrace crypto or not but they are pretty much interested in studying blockchain technology, despite of the FUD Chinese still love crypto I believe. 
I wouldn't say China is irrelevant in the ecosystem, but in terms of trading volume, supply and demand coming from China combined, it isn't really that significant to cause selloffs and massive rallies since a lot of traders from all over the world have chimed in on the game and China's recent stance about cryptocurrencies is kinda strict, leaving the Chinese traders no option but to sell or move out of the country to continue trading BTC. The recent news about China banning ICOs and halting operations of all exchanges didn't have a severe impact on the price as was evidenced by previous charts during the time of the news. China is still in the game, though their impact on the market has significantly declined due to the recent laws imposed with regards to crypto.
Any news can be hyped by several media outlets and channels of traders and could cause a shift on the trend or benefit whoever hyped the news. It's laughable, yes, but lots of things can arise by just mentioning the words "China" and "ban" even though the Chinese don't have significant control in the market.
That we still hear about Chinese FUD today is laughable.
Any news can be hyped by several media outlets and channels of traders and could cause a shift on the trend or benefit whoever hyped the news. It's laughable, yes, but lots of things can arise by just mentioning the words "China" and "ban" even though the Chinese don't have significant control in the market.
in my opinion Chinese investors have never had any kind of major effect on bitcoin price to begin with. it was always exaggerated so much that it caused panic. for example Chinese exchanges were reporting some ridiculously huge numbers as their daily trading volume which meant people started to believe they are big for real. but when PBoC started investigating them, they immediately cut the fake volume and it became clear that they were in fact no bigger than any other groups in the market.
but for some reason people still have the impression that Chinese are big for some reason and the FUDsters love this. they keep pushing for it because it is effective.
of course the effect is not "nothing". Chinese are a part of bitcoin market and anything that goes on in China will also affect bitcoin price.
but for some reason people still have the impression that Chinese are big for some reason and the FUDsters love this. they keep pushing for it because it is effective.
of course the effect is not "nothing". Chinese are a part of bitcoin market and anything that goes on in China will also affect bitcoin price.
Depends on whether the Chinese were able to migrate to other exchanges. I'm not convinced they could. There basically is no Chinese market any longer but there still is a lot of Chinese money.
And there might be further scares about Chinese mining. That might cause a blip but ultimately it would be the best possible news for Bitcoin's overall health if they made an orderly exit.
And there might be further scares about Chinese mining. That might cause a blip but ultimately it would be the best possible news for Bitcoin's overall health if they made an orderly exit.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
The Chinese traders has a very good influence on cryptocurrency market and until now some of them are still investing and that is why you always see bitcoin and others cryptocurrencies has not completely fall down. I think the banned has not affect the pricing very well because other new countries are going into it and many countries have said good thing about it. Only China can't bring cryptocurrencies to a stand but they have great influences on its pricing. China first started banning bitcoin in 2013.
By the end of 2016, all volume in Chinese exchanges was gone.
Sometime in 2017 all Chinese exchanges ceased operations, as btc rallied to the moon.
That we still hear about Chinese FUD today is laughable.
By the end of 2016, all volume in Chinese exchanges was gone.
Sometime in 2017 all Chinese exchanges ceased operations, as btc rallied to the moon.
That we still hear about Chinese FUD today is laughable.
I think some noobs don't realise that China is now out of the whole cryptocurrency ecosystem. They just think 1.4 billion people "must" have an effect without taking into account that China is a dictatorship with capital controls and a great firewall and there is no way for them to participate if their govt wants to prevent them.
China first started banning bitcoin in 2013.
By the end of 2016, all volume in Chinese exchanges was gone.
Sometime in 2017 all Chinese exchanges ceased operations, as btc rallied to the moon.
That we still hear about Chinese FUD today is laughable.
By the end of 2016, all volume in Chinese exchanges was gone.
Sometime in 2017 all Chinese exchanges ceased operations, as btc rallied to the moon.
That we still hear about Chinese FUD today is laughable.
ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
You are right bro! Or I would rather say I share the same opinion with you. I feel the attention we are giving to some countries and thinking they have a huge impact on the price of the market is too much and we over hype it most of the time. I like the way you used those words, 'coordinated action of whales'. These are the guys that controls the market as far as I am concerned and they only make use of the news, FUD to create some panic in the market considering how a lot of weak hands are present and how the market responds to news easily. So, I do not believe that China or any other country have any major impact on the price of bitcoin and like I always say, they are just a tiny piece of the puzzle. 
TBH i think everything has an effect on BTC one way or the other.
We are seeing a fall in BTC market share due to the increasing
popularity of new coins and ICO's
Every little piece of FUD, bad news, good news story has an effect
on BTC but these are almost always short term effects.
In theory limiting people in China and India, two massive players
can affect BTC growth but again this is short to medium term.
People will always find a way to cheat the system.
We are seeing a fall in BTC market share due to the increasing
popularity of new coins and ICO's
Every little piece of FUD, bad news, good news story has an effect
on BTC but these are almost always short term effects.
In theory limiting people in China and India, two massive players
can affect BTC growth but again this is short to medium term.
People will always find a way to cheat the system.
what you say is wrong!
ico has nothing to do with bitcoin in the market.
We follow a general course, you should also know that affect the price of bitcoin, among others;
- Demand and supply on the market.
Actually the physical market and the digital market are always influenced by the basic laws of Supply and Demand (Supply and Demand). If the offer is more than just a request, then the price will go down. And vice versa.
- Total Total Bitcoin and Holder.
everyone would also know, if until bitcoin runs out in the mines its price will be very surprising.
- news, his example news about the capture of Ross Ulbricht, the operator of the Silk Road site that many use Bitcoin, most likely it will make the price of Bitcoin down.
indeed the chinese market can also just affect the price, but not so much affect the price.
ico has nothing to do with bitcoin in the market.
We follow a general course, you should also know that affect the price of bitcoin, among others;
- Demand and supply on the market.
Actually the physical market and the digital market are always influenced by the basic laws of Supply and Demand (Supply and Demand). If the offer is more than just a request, then the price will go down. And vice versa.
- Total Total Bitcoin and Holder.
everyone would also know, if until bitcoin runs out in the mines its price will be very surprising.
- news, his example news about the capture of Ross Ulbricht, the operator of the Silk Road site that many use Bitcoin, most likely it will make the price of Bitcoin down.
indeed the chinese market can also just affect the price, but not so much affect the price.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
yes you are right digital currency is a currency that can not be controlled by the government is certain it will make the government and the market of China can not do anything but just give negative and positive information for bitcoin.
ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
yesterday also I see the crypto news when it was happen. India is a growing country so it was not ban in cryptocurrency I think you are confused in price fluctuation. It depends on the demand and supply of cryptocurrency currently many investors are drop the investment it is affected in the market know only back to form in Bitcoin. 
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
i disagree and i say Chinese market doesn't have that big an effect on bitcoin price that everybody has been thinking so far all these years. it is more of a fear of Chinese market that causes weird movements in bitcoin price.
not to mention that every year at the same time we have the same drops and that is while we only had the Chinese ICO ban this year!
ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.
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