Topic: How low do you think the chinese volume will go, now that PBOC is auditing them? - page 2. (Read 2171 times)
January 20, 2017, 12:04:49 PM
Look at the MACD indicators on the Chinese exchanges... the volume has gone down a lot, but this is the good news: The price has gone up since then, this means that the price can keep growing without the massive arbitrage that was probably going on on the markets.
January 20, 2017, 08:11:47 AM
If all of sudden the chinese volume goes down exactly when PBOC is audicting them will looks too suspicious.
I think they will find a way to keep the volume high, for their own survival sake
I think they will find a way to keep the volume high, for their own survival sake
January 20, 2017, 07:24:42 AM
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
uh, and how do you obtain 95% of alts? you need that dirty old btc to get it. they're irrevocably tied together for now. and if an alt did take the lead it would have the exact same problems.
January 19, 2017, 07:33:53 PM
In the end, the regulations will only cause price increases due to fees, restrictions, etc. Bitcoin will be harder to get, thus people will pay more.
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
That's true, if it goes much expensive only the large fiat holders will invest and show interest upon buying bitcoin. As quoted the focus surely turns towards altcoins. Because the price is very low comparatively as well few coins were giving good price pump these days.
What difference does the price of Bitcoin make? People want to use it because it is decentralized and practical in this digital age. You can still buy $20 worth of BTC no matter what the price.
January 19, 2017, 10:56:21 AM
I don't think the price shall be effected as I feel the Bitcoin has already discounted the China effect, it had corrected itself after the gaint leap and it had come down. So for me now all eyes turn to America and brexit, those are the key events we should be waiting for and I feel China effect on Bitcoin temporally is over. Let's wait and see what's the new news that's takes btc up or down.
January 19, 2017, 10:56:08 AM
In the end, the regulations will only cause price increases due to fees, restrictions, etc. Bitcoin will be harder to get, thus people will pay more.
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
That's what they said about each halving too. Just saying.
It's clear that the halvings have been all positive since the beginning, so I wouldn't discuss that.
PBOC... all they do is warn people about the volatility while creating the most volatility. They have realized this so they will keep dropping those bombs to profit from the panic sellers, as long as it keeps working they will keep making those announcements.
January 19, 2017, 10:55:37 AM
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
If other coins will become popular they would have to be to bring in line with other payment systems and regulated in the same way bitcoin is (or will be)!
January 19, 2017, 10:19:00 AM
In the end, the regulations will only cause price increases due to fees, restrictions, etc. Bitcoin will be harder to get, thus people will pay more.
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
That's what they said about each halving too. Just saying.
January 19, 2017, 07:04:24 AM
I do wonder where the Chinese miners will sell their coins now. They were using the huge volume of those exchanges as a way to hide their sales. I wonder if they'll go OTC now.
It's 'only' 1800 Bitcoin per day. If that is split up between a few farms, then each probably only needs to sell 500 per day.
That won't crash the market, even if they dump it at market price, which I would hope and expect they don't do!
There must be some OTC trades going on. If I were in charge of a big Bitcoin mine, I would be looking to have contracts set up to guarantee my price over a longer time period.
They could sell at market price -2% or so, or try to lock in a price, though that might be a bit more difficult when the price is so volatile!
it is more than 1800BTC because of the fees, and there are lots of miners because most of the names you see on charts for hashrate are pools and pools divide the reward among all those who are connected to them so everyone gets a small portion.
and even if they dump all they get, it will still take a bigger dump to push price down because of the resistance that grows as you go down.
and not to mention they wouldn't want price to go down.
January 19, 2017, 06:48:49 AM
I do wonder where the Chinese miners will sell their coins now. They were using the huge volume of those exchanges as a way to hide their sales. I wonder if they'll go OTC now.
It's 'only' 1800 Bitcoin per day. If that is split up between a few farms, then each probably only needs to sell 500 per day.
That won't crash the market, even if they dump it at market price, which I would hope and expect they don't do!
There must be some OTC trades going on. If I were in charge of a big Bitcoin mine, I would be looking to have contracts set up to guarantee my price over a longer time period.
They could sell at market price -2% or so, or try to lock in a price, though that might be a bit more difficult when the price is so volatile!
I think there are some big dumps on those exchanges when PBOC has finished auditing and then the price will become normal and it will continue to grow up in this year . I guess it will hit 1,500$ at the end of 2017.
January 19, 2017, 06:38:08 AM
In the end, the regulations will only cause price increases due to fees, restrictions, etc. Bitcoin will be harder to get, thus people will pay more.
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
That's true, if it goes much expensive only the large fiat holders will invest and show interest upon buying bitcoin. As quoted the focus surely turns towards altcoins. Because the price is very low comparatively as well few coins were giving good price pump these days.
January 18, 2017, 02:56:09 AM
I do wonder where the Chinese miners will sell their coins now. They were using the huge volume of those exchanges as a way to hide their sales. I wonder if they'll go OTC now.
It's 'only' 1800 Bitcoin per day. If that is split up between a few farms, then each probably only needs to sell 500 per day.
That won't crash the market, even if they dump it at market price, which I would hope and expect they don't do!
There must be some OTC trades going on. If I were in charge of a big Bitcoin mine, I would be looking to have contracts set up to guarantee my price over a longer time period.
They could sell at market price -2% or so, or try to lock in a price, though that might be a bit more difficult when the price is so volatile!
January 18, 2017, 02:36:04 AM
Without fake volume the chances of another Gox event will be lower, because the exchange will indeed have all the coins they are buying and selling, so they won't go bankruptcy because of this.
And Bitcoin will look more reliable without the suspicious about fake volumes.
Also there is no way to know in what extend the fall in the volume is because of fake volume going away or because people are avoiding the exchange while the routine inspection still is going on
And Bitcoin will look more reliable without the suspicious about fake volumes.
Also there is no way to know in what extend the fall in the volume is because of fake volume going away or because people are avoiding the exchange while the routine inspection still is going on
January 18, 2017, 01:59:53 AM
In the end, the regulations will only cause price increases due to fees, restrictions, etc. Bitcoin will be harder to get, thus people will pay more.
I don`t think so.If bitcoin becomes harder to get and more expensive to use,i think that it will be less attractive for the people and more btc users will move to altcoins or leave the crypto community.
January 17, 2017, 12:09:16 AM
Like the others said - I don't expect much influence on price. The only effect will be that 'maybe' the fake volume will go away.
January 16, 2017, 11:53:04 PM
And all that fake wash trade volume goes away..
It already appears about 1/5th the volume and still dropping..
Will this cause the price to rise or fall?
It already appears about 1/5th the volume and still dropping..
Will this cause the price to rise or fall?
i expect a drop down too but not to western exchange volume. it deffinitely is going to be still much higher because they still have 0 fee for trading and also there are lots of people over there trading bitcoin!
and it shouldn't affect price at all, technically speaking. because if we believe it was fake volume, nothing has changed. and margin trading that war removed i doubt have any significant effect on price.
January 16, 2017, 06:10:29 PM
I do wonder where the Chinese miners will sell their coins now. They were using the huge volume of those exchanges as a way to hide their sales. I wonder if they'll go OTC now.
January 16, 2017, 04:26:51 PM
In the end, the regulations will only cause price increases due to fees, restrictions, etc. Bitcoin will be harder to get, thus people will pay more.
January 16, 2017, 02:50:22 PM
And all that fake wash trade volume goes away..
It already appears about 1/5th the volume and still dropping..
Will this cause the price to rise or fall?
It already appears about 1/5th the volume and still dropping..
Will this cause the price to rise or fall?
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