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Topic: Do you think capital controls in China will impact bitcoin price? (Read 917 times)

member
Activity: 350
Merit: 10
Influence will be certain, but it is unlikely that this will be directly visible at the cost of bitcoin. Control of capital, the Chinese government introduces not one-time, but gradually, this is a series of measures and a long process. Therefore, it must pass unnoticed for the bitcoin price. In addition, we are not sure how effective the measures will be. Until now, no one has managed to curb the crypto-currency of a certain territory.
Of course it will happen because China is an extremely developed nation. It has a great influence on the financial market. But the country does not use much electronic money in its life. And the impact on bitcoin prices is only a small part of the market. It is really affected by the whole global market, when it impacts on bitcoin.
member
Activity: 392
Merit: 10
Due to China's political and economic environment, many wealthy people will transfer their property to other countries, but many of them transfer through other means, and only a small number of people transfer assets through BTC and cryptocurrency!
Capital controls have a limited impact on the price of BTC!
newbie
Activity: 30
Merit: 0
China is indispensable in the domain of advanced money. First time, the period of China issue will close the esteem computerized money out of the blue dove and dropped fundamentally. Unequivocally with the control of this capital, will unfathomably impact the cost, paying little respect to whether it is up or down. They influence the market in light of the way that to the extent belonging they are maybe first yet in regards to headings so except for money they have no effect much. To be sure. This is completely in light of the fact that China has endless related with the Crypto grandstand, so if China has a course of action to affect the market, it will impact the generous number of theorists. So the market will shift toward another way.
full member
Activity: 350
Merit: 100
Yes it is a start. Cause we should not sure that you have to be great currency someday, I do believe right now is to invest, but I think it will do. The first to invest, I do believe in the right place at least, and technology in the future. Cause we have to be wise, but its value for those of cryptocurrency
member
Activity: 756
Merit: 12
China right now become biggest economic country in the world and their product spread all around the world. China have biggest dollar reserve in the world and i think they will use it for investment.
If china using their liquidity to invest in cryptocurrency market, i am believe it will give much effect on market fluctuation. It will push market cap to trillion dollar
full member
Activity: 938
Merit: 137
Influence will be certain, but it is unlikely that this will be directly visible at the cost of bitcoin. Control of capital, the Chinese government introduces not one-time, but gradually, this is a series of measures and a long process. Therefore, it must pass unnoticed for the bitcoin price. In addition, we are not sure how effective the measures will be. Until now, no one has managed to curb the crypto-currency of a certain territory.
jr. member
Activity: 224
Merit: 8
Yes because the china has a great capital and if it will contribute to bitcoin then possibly there will be a great impact on it as we all know that nowadays china is one of the developed country on asia and most of the things that has been made from wants to basic commodities are being made from china.
newbie
Activity: 168
Merit: 0
Of course, there is a relationship. With the strengthening of China's capital foreign exchange control, many funds have quietly completed foreign exchange through Bitcoin and have already moved out.
Many Chinese investors buy bitcoin to avoid the depreciation of the renminbi, and even use bitcoin to circumvent capital controls and transfer funds overseas.
newbie
Activity: 119
Merit: 0
Of course it will, because everything that happens in China, immediately affects the crypto currency.
full member
Activity: 1134
Merit: 100
SOL.BIOKRIPT.COM
as far as I know China is the largest capital owner here, when the Lunar New Year then bitcoin prices will go down. This is because many Chinese sell their bitcoins.
member
Activity: 238
Merit: 11
I think somehow, in a way - yes, policies in China can affect its price.
China has a very big population and the value of bitcoin depends on its demand-supply system. The more popular it is, the more people investing on it, the higher its value gets. Quite a big number of bitcoin users can be hypothetically stated that are from China and knowing that they have banned them, then the number of users is less and thus quite decreases the price, in a way.
member
Activity: 378
Merit: 25
I think that such actions of China will certainly affect the price of bitcoin. Only this will not have the effect that the Chinese government expects. Any repressive methods always cause opposition. The Chinese will hide their savings in bitcoins and withdraw them abroad. I think the price of bitcoin will rise.

 agree, if we look at the data on how many countries are open to bitcoin, even a single nation can have a huge impact on bitcoin price , the percentage of using bitcoin is low, therefore a slight movement will definitely affect the whole system. china as authoritarian as they are, can and possibly impose these plan. somehow good for bitcoin as a whole.
member
Activity: 322
Merit: 10
Of course, after all, how much time has passed and the rate changed instantly depending on the news in this country
jr. member
Activity: 196
Merit: 1
I think china can really affect all the things in a world and including the price of bitcoin. Whole world is watching them!
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Since we are twlking about china, yes! It does have a huge impact on bitcoin unlike other countries, we had already seen and experience whatnchina had done to the price before, if they ban exchanges prices goes down, if they make a resolution, prices goes up, and all will be excited about the price, but since this is china, the effect will last for months, since athere are still a lot of bitcoiners in china, and  I believe they also have a lot of individual mining rigs compared to other countries, since they can produce their own. One thing, I think that chine could affect bitcoin, is that most of them are lesrning the technology, unlike other countries.

If you have been in the Bitcoin scene for more than two years, you would have noticed that China constantly cause ripples in the Bitcoin pond.

They wait until the price goes upwards and when they see the price is climbing too strong, they announce some new regulations or they hit the exchanges. Lately they are seen as the fat kid that likes to bully the smaller kids around him. You know they say, there are always a bigger bully born each day and there will come a time when they will get bullied.  Grin

Watch this space.  Wink   
full member
Activity: 1134
Merit: 103
I don't think so. The Chinese are already very familiar with bitcoin, and they are very mature after the events of September last year. No news will shake the confidence of people to invest.

Yes, bitcoin price is not effected by Chinese because previously we have seen many upd and downs in the last year but still, bitcoin price reached more than $19k.
full member
Activity: 322
Merit: 100
Ofcourse they do and it will do a lot of effect on bitcoin if that continues but it will not because they actually banned bitcoin in their country and if you are not having an private network you can't access any ICO on the country of china. They will regret it overtime for sure.
full member
Activity: 644
Merit: 100
China is very influential on the movement of bitcoin prices, this has been happening in some time backward, Chinese government policy is very influential this may be due to the Chinese country is a country that has a great influence on the world
full member
Activity: 518
Merit: 103
Since we are twlking about china, yes! It does have a huge impact on bitcoin unlike other countries, we had already seen and experience whatnchina had done to the price before, if they ban exchanges prices goes down, if they make a resolution, prices goes up, and all will be excited about the price, but since this is china, the effect will last for months, since athere are still a lot of bitcoiners in china, and  I believe they also have a lot of individual mining rigs compared to other countries, since they can produce their own. One thing, I think that chine could affect bitcoin, is that most of them are lesrning the technology, unlike other countries.
jr. member
Activity: 280
Merit: 2
I think yes, this can affect bitcoin's price. Nowadays, bitcoin is known in China more than the past few years. Larger population is more influential. So the more they are investing here in crypto market, the more they can affect the coin's price.
member
Activity: 714
Merit: 11
BountyMarketCap
yes, though not entirely influential. because market cap and bitcoin market capitalization is not only in china.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
We all are pretty familiar with the last bubble brust from the 2017 when the Bitcoins were seeing government opposition and how the market declined in price, though it recovered really fast but it made sure that China does have an impact, any investor have an impact not just China even a small investor individually no Matter how minor it is.
It could really spark up the whole thing if the news is real n if people can find a hack.

 Any news posted on the wall about Bitcoin may have some impact on Bitcoin price value on the trading market. But base on the market preview, the issue on banned by the china on Bitcoin digital transaction were just on the market history, Bitcoin survive when  hammered by a lot of issue like on Banned,Scammer, and Regulation upon entry of digital crypto market trading in the country, with the growing acceptance on crypto currency market trading globally, it add on the stability of the said project investment on Bitcoin, the level of awareness increase, does the confidence of investor into Bitcoin project. yes, the price value goes down and goes up but still remain stable on the market treed.
sr. member
Activity: 1918
Merit: 370
We all are pretty familiar with the last bubble brust from the 2017 when the Bitcoins were seeing government opposition and how the market declined in price, though it recovered really fast but it made sure that China does have an impact, any investor have an impact not just China even a small investor individually no Matter how minor it is.
It could really spark up the whole thing if the news is real n if people can find a hack.

Looking back on the date you posted your question on this wall, a lot things happened, the issue on the banned on Bitcoin in China is now just a market news on the treed.  Yes, it has some impact on Bitcoin price during the time such issue were so hot and almost every investors had some second thought on crypto currency investment. Yet, the good news Bitcoin price goes down and goes up but remain stable in the market trading on crypto currency. The global acceptance on Bitcoin trading investment had increase incredibly on the market treed, some investor are coming in, and some are just waiting for the right timing.
hero member
Activity: 1498
Merit: 507
Not your Keys, not your Bitcoin
This definitely has a big impact on the price of bitcoin. Look at how the news from China affect the price policy of bitcoin, the negative news bitcoin has fallen, the positive price is rising. And China uses it for its own benefit.
This thread was created in 2015 so don't create the negative thoughts of Bitcoin because every year China was banning the trading platform again China will approve the trading platform so bitcoin price is depends on current funds  and demand of the cryptocurrency.
newbie
Activity: 308
Merit: 0
This definitely has a big impact on the price of bitcoin. Look at how the news from China affect the price policy of bitcoin, the negative news bitcoin has fallen, the positive price is rising. And China uses it for its own benefit.
newbie
Activity: 170
Merit: 0
It was like an accident and it was a tough one for the crypto and bitcoin markets as at the beginning of the year. But I do not think that is one of the reasons to affect the value of the next crypto market. Bitcoin and crypto have really overcome the fear response and investors are increasingly more confident and patient.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
They impact the market because in terms of holdings they are maybe first but in terms of regulations so except money they have no effect much.
They have no effect in anyway. First and foremost, their citizens are not dumb and the ones who even started a long time ago in doing business revolving around cryptocurrency are already finding a way to move out of the country just like bitmain and the likes are already doing. Chinese government is controlling freak and I really wonder how long they are going to keep up with their actions with respect to monetary policies in the long run.
jr. member
Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
Yes. This is certainly because China has a large number of people involved in the Crypto market, so if China has a policy to influence the market, it will affect the large number of investors. So the market will fluctuate in another direction.
newbie
Activity: 109
Merit: 0
The influence of China's capital controls on BTC has been gradually reduced!

Capital controls are necessary to curb money laundering, terrorist financing and tax evasion.

BTC's investment enthusiasm in China will not be reduced by capital controls!
full member
Activity: 462
Merit: 100
Capital controls in China will have a significant impact on Bitcoin's prices because of the considerable bailouts in China, and capital controls will limit their operations, making Bitcoin prices move more slowly and possibly down. Instead of going up. I think China is trying to enact new laws to remove Crypto from its home country.
it is always funny when I see comments like this that China this and that will affect the movement of bitcoin's price. I will repeat this since I have said it before. China is just a piece of the puzzle, and trust me, it is a very tiny piece that you will not even feel the impact if missing. China would enact their own law to favor themselves, some of the citizens will always find another way, but that will not affect the growth of bitcoin in anyway.
member
Activity: 476
Merit: 12
Bitcoin is about to take over and no country can be a stumbling block. No matter how China government think their country is indispensable. Bitcoin can operate effectively form any country. The effect may not last.
full member
Activity: 854
Merit: 108

I think this is already concluded in which China cannot really influence the price of the Bitcoin even of their series of activities to ban or to manipuate Bitcoin and other Crypto currencies in their country still there is no impact in the market that even if there is then the effect is quiet minimal only. The truly that can greatly impact the price of Bitcoin is the manipulation of the big whales thru pumping and dumping the price value in the market.
member
Activity: 210
Merit: 10
The revolutionary trading ecosystem
I think yes. China's contribution is big in Bitcoin industry, using it for transacting property in the US. their contribution is big. But it doesn't mean that their contribution will not bring back Bitcoin to its highest peak as we see right now even without their contribution Bitcoin is getting back to its shape as new investors comes in.
Not impossible by the end of  of the year Bitcoin price may reach $25,000 - $30,000. But who knows China might come.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
Capital controls in China will have a significant impact on Bitcoin's prices because of the considerable bailouts in China, and capital controls will limit their operations, making Bitcoin prices move more slowly and possibly down. Instead of going up. I think China is trying to enact new laws to remove Crypto from its home country.
I really wonder if you guys think that China is the only country where bitcoin is traded, but indeed you are not informed that the highest traded currency against bitcoin is JPY.

I feel we give too much importance to China and indeed let that affect our mindset that every little thing from there is always going to affect the market, just the way some people attributed the end of the Chinese new year to having a positive impact on the market.

This is a global market and China cannot stall the growth of bitcoin, no matter the action they decide to take against it or the policies they decide to come up with.
Most of that are already moving out of China. If I am a business man in China who has invested so much in the area of cryptocurrency, you really think I will let my country affect the way I do my business. Why do you think the likes of bitmain are looking for cryptocurrency friendly environment to set up their space ?

As far as I am concerned, they would be the ones losing out in the long run with their bullshit control measures, and the smart citizens are always going to end up finding a way for themselves.
jr. member
Activity: 82
Merit: 2
China is being believed a crypto users rich country hence any new regulations which are imposed to them will certainly impact on crypto markets. China is already worrying about deviation of money flow from their bonds and shares into crypto market. So, these capital controls may be followed strictly. For exact impacts on crypto, we need to wait and watch....
hero member
Activity: 2926
Merit: 640
I don't think so. The Chinese are already very familiar with bitcoin, and they are very mature after the events of September last year. No news will shake the confidence of people to invest.
No matter what, I do not even expect any news to really affect bitcoin that much. We should forget about what is happening in the market, thinking because of every news, investors are dumping, these are just whales always using the news to manipulate and make a huge load of profit from it which would not even last long. News from China has actually caused some few things in the past, but if you look back, we will see it was never really relevant eventually.
sr. member
Activity: 644
Merit: 299
Capital controls in China will have a significant impact on Bitcoin's prices because of the considerable bailouts in China, and capital controls will limit their operations, making Bitcoin prices move more slowly and possibly down. Instead of going up. I think China is trying to enact new laws to remove Crypto from its home country.
I really wonder if you guys think that China is the only country where bitcoin is traded, but indeed you are not informed that the highest traded currency against bitcoin is JPY.

I feel we give too much importance to China and indeed let that affect our mindset that every little thing from there is always going to affect the market, just the way some people attributed the end of the Chinese new year to having a positive impact on the market.

This is a global market and China cannot stall the growth of bitcoin, no matter the action they decide to take against it or the policies they decide to come up with.
sr. member
Activity: 532
Merit: 250
They impact the market because in terms of holdings they are maybe first but in terms of regulations so except money they have no effect much.
newbie
Activity: 266
Merit: 0

No, Every country has a stable economic stability standard their source of income for good economic growth is stable and consistent that's why I say that Bitcoin movable price inflation and deflation is not bothered to the government economy for each country specially in China.
full member
Activity: 672
Merit: 100
Capital controls in China will have a significant impact on Bitcoin's prices because of the considerable bailouts in China, and capital controls will limit their operations, making Bitcoin prices move more slowly and possibly down. Instead of going up. I think China is trying to enact new laws to remove Crypto from its home country.
jr. member
Activity: 210
Merit: 3
I don't think so. The Chinese are already very familiar with bitcoin, and they are very mature after the events of September last year. No news will shake the confidence of people to invest.
hero member
Activity: 1890
Merit: 831
We all are pretty familiar with the last bubble brust from the 2017 when the Bitcoins were seeing government opposition and how the market declined in price, though it recovered really fast but it made sure that China does have an impact, any investor have an impact not just China even a small investor individually no Matter how minor it is.
It could really spark up the whole thing if the news is real n if people can find a hack.
newbie
Activity: 98
Merit: 0
The Chinese government has banned the ICO trade. But China is still developing blockchain technology!

China's digital encryption money investors are also many, they have a certain influence in the market of digital encryption money!

There were a lot of miners from China, and now they go to the outside of China for BTC digging!

China has an impact on digital cryptographic currency!
member
Activity: 546
Merit: 17
Yes absolutely. Look how the news from China affects the price of bitcoin. And the Chinese use it.
China is very important in the world of cryptocurrency. first time, the time of china issue will close the price cryptocurrency suddenly plummeted and dropped drastically. precisely with the control of this capital, will greatly affect the price, whether it is up or down.
sr. member
Activity: 2366
Merit: 332
Certainly it will affect price or it should affect it. If the amount of capital to be controlled by an individual or company is reduced, it will cause a reduction too in the investing power of the investor. Therefore, buying bitcoin will be limited and bitcoin price grows as a matter of demand but when demand is reduced, pricing too will be affected.

Anyway, after china ban ico and bitcoin did not die, most FUD from China afterwards, don't have any major effect on bitcoin price instantly unless other FUD from another dimension hit the media. So, this capital control might not affect the bitcoin pricing.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Were talking about september 2015 here guys,dont be over reacting..though we can see some throwbacks here.

I hate the role the country is taking in the community. And everything they represent in the news are all lies. And the country is still holding a lot in the community while encouraging the process with some other factors like the cheap electricity in mining. I just wont like to see this continue
what do you mean by ALL LIES?what did this government do to you for this accusation?yeah i have no good sympathy in the Chinese government because they always make the market bothered but i dont get the lying issue
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
I hate the role the country is playing in the community. And everything they represent in the news are all lies. And the country is still holding a lot in the community while encouraging the process with some other factors like the cheap electricity in mining. I just wont like to see this continue
sr. member
Activity: 742
Merit: 255
CryptoTalk.Org - Get Paid for every Post!
I see it that way, China is a big country with great influence too. we all already know that the Chinese people are contributing huge investments to Bitcoin, and when China bans its people from playing Bitcoin, the price drops directly because investors from China sell their assets. therefore, I am here hoping that China can return to Bitcoin.
China is a huge supporting in Crypto market it is true but currently many countries are accepting the implementation of cryptocurrency so all the countries are create the great influence in Bitcoin. At the same time some regulations are possible because Bitcoin is decentralized cryptocurrency so any time it is affects to the economic status.
legendary
Activity: 1372
Merit: 1252

They will probably create yet another fake dip for all newspaper nerds to fall into, then they will buy back the dip, further increasing their Bitcoin reserves. This is what governments have been doing ever since they learned the fact that they can' stop Bitcoin, only become bigger players on it.

Case in point:



This is what governments do. They want your cheap coins. C'mon guys, wake up.
full member
Activity: 479
Merit: 100
Enter the future of gaming
I think the high concentration of big bitcoin mining pools is even more likely to affect the price of btc in the future. That's allegedly around 30%.
newbie
Activity: 110
Merit: 0
I see it that way, China is a big country with great influence too. we all already know that the Chinese people are contributing huge investments to Bitcoin, and when China bans its people from playing Bitcoin, the price drops directly because investors from China sell their assets. therefore, I am here hoping that China can return to Bitcoin.
full member
Activity: 602
Merit: 111
Well, I know that Chinese policies have a big impact on BTC prices. Because of the large amount of investors involved in the Crypto market, once they have unfavorable policies, Chinese investors will rush to sell their coin and will push altcoin prices lower.
I think still people from china is involved in cryotocurrency investment because people always find loopholes to make profits from anything.But their strict policies surely affect the bitcoin price little but but they have their own cryotocurrency so the people are getting engaged to the cryotocurrency market and make contribution but only they problem is it affects the bitcoin price.
member
Activity: 238
Merit: 11
On Chinese exchanges, the price of bitcoin is higher than on other exchanges, this led to speculation.The reason for this was the control over the movement of capital.In fact, this control is not so strict and you can always find a way around it.For example, buy real estate or create a business in another state.I believe that the bitcoin rate is more affected by the increase in the number of bitcoin users and the high Commission fees of the banking system of China.
sr. member
Activity: 714
Merit: 260
We all know how Chinese dominating the cryptocurrency world,everytime theres new about them for sure price will either fluctuate or growth..and for sure this one makes another movement again about the price of bitcoin and ofcourse the altcoins too..

Well, I know that Chinese policies have a big impact on BTC prices. Because of the large amount of investors involved in the Crypto market, once they have unfavorable policies, Chinese investors will rush to sell their coin and will push altcoin prices lower.
This may happen,but maybe not because we can see the prices now are growing because of this.so i think lets wait again for the developtmemt of this
member
Activity: 532
Merit: 10
█ J A X N E T W O R K █
Well, I know that Chinese policies have a big impact on BTC prices. Because of the large amount of investors involved in the Crypto market, once they have unfavorable policies, Chinese investors will rush to sell their coin and will push altcoin prices lower.
hero member
Activity: 686
Merit: 500
I am sick of looking at cryptocurrencies being so dependent on some gov's regulations or limitations. It is not supposed to be this way.
The article is about the limit of $50k per year allowed to be moved somewhere else from the country by each Chinese citizen without it being considered suspicious. I think it is pretty fair, because those who have more really should explain how the hell did they get it. It is justified by security measures as well as the stability of national economy.
As for the hypothesis about Chinese using btc more in the future for transferring their money - well, it is very plausible and might first have positive impact on the price and then a really negative one when Chinese gov figures this out and suggests keeping track of btc funds and perhaps makes taxes for big btc users.
Absolutely prices may Spark at first but then later when the government have other intentions and start tracing the huge volume transns,then the price may start falling down.
sr. member
Activity: 406
Merit: 256
I think that such actions of China will certainly affect the price of bitcoin. Only this will not have the effect that the Chinese government expects. Any repressive methods always cause opposition. The Chinese will hide their savings in bitcoins and withdraw them abroad. I think the price of bitcoin will rise.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
I am sick of looking at cryptocurrencies being so dependent on some gov's regulations or limitations. It is not supposed to be this way.
The article is about the limit of $50k per year allowed to be moved somewhere else from the country by each Chinese citizen without it being considered suspicious. I think it is pretty fair, because those who have more really should explain how the hell did they get it. It is justified by security measures as well as the stability of national economy.
As for the hypothesis about Chinese using btc more in the future for transferring their money - well, it is very plausible and might first have positive impact on the price and then a really negative one when Chinese gov figures this out and suggests keeping track of btc funds and perhaps makes taxes for big btc users.
full member
Activity: 413
Merit: 100
https://eloncity.io/
Yes absolutely. Look how the news from China affects the price of bitcoin. And the Chinese use it.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!

Yes they should, but you can't say that they will 100%. Chinese people are already very familiar with the Bitcoin. They started the last huge bubble. Last time this was just purely speculation wise. This time they will maybe do so out of necessity to avoid capital controls.

Only problem that I see here us that Chinese banks already have restricted their involvement with the Bitcoin exchanges. If the Chinese can work this out, how to get money to the exchanges, then we might see a spark from the Chinese.
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