Could be possible! Seeing this dip, look at total market. It's way down, there are working the strength whales whose are gaining in the way. Bitcoin is not going to much higher, but these whales are causing strongly.
Last time, they can be the reason but now it's because of Mt.Gox trusted dumping his coins. But it can also a combination force from other whales from China. No one knows what's the real issue and happening there after the banning of ICO's, we don't have any accurate information on what's the real score there.
Topic: Is china one reason why bitcoin dumping now? (Read 531 times)
Based on my research not the China why Bitcoin is dumping now. The reason is related to another cryptocurrency called tether and allegations that the people behind it are using tether to prop up the bitcoin market.
Yes, you are right. China is not the only reason why bitcoin is dumping. It think there are also a big players in their groups of big organization. Who are contributed this reason why bitcoin incounter this problem. Like the MT GOX trustee has sold a half billion dallors of bitcoin. So this could also affect bitcoin price deflating.
I have also read article about China's move to ban cryptocurrencies before and it was also the reason why bitcoin has has fallen down but to a big surprise, it was also the start of bitcoin's historic flight to the moon as it drastically rise to $20,000 after that drop.
Why do you think that only chinese dumping crypto ? What about Wall Street and Giant Holders of Bitcoin and Whales ? I think everybody of them could dumping crypto very easy and manipulate of market.
Yes, i agree with you. It is not only the Chinese miners can manipulate the price of bitcoin by dumping. There are a lot of whales out there who could spell a difference if they are going to dump their coins.I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
Mid-september last year, Chinese regulators decided to ban the Chinese currency, such as encryption currency trade channel, accusing it of be used to create all kinds of illegal fund raising, financial fraud and pyramid schemes, including contract fraud, money laundering, to avoid government regulation to transfer money overseas.
China's financial regulator has been "dismissive" of bitcoin and continued to monitor it.
While China's bitcoin mining companies cannot benefit from low electricity prices, they are still profitable.
I think your evidence is correct. China's squeezing of the miners has significantly reduced the amount of crypto that is mined daily. This severely affected the exchange rate of the cryptocurrencies market. This action by the Chinese government has severely influenced the development of crypto, which has led to a recent decline in the exchange rate of Bitcoin.
Why do you think that only chinese dumping crypto ? What about Wall Street and Giant Holders of Bitcoin and Whales ? I think everybody of them could dumping crypto very easy and manipulate of market.
Yes, i agree with you. It is not only the Chinese miners can manipulate the price of bitcoin by dumping. There are a lot of whales out there who could spell a difference if they are going to dump their coins. 
Based on my research not the China why Bitcoin is dumping now. The reason is related to another cryptocurrency called tether and allegations that the people behind it are using tether to prop up the bitcoin market.
Yes, you are right. China is not the only reason why bitcoin is dumping. It think there are also a big players in their groups of big organization. Who are contributed this reason why bitcoin incounter this problem. Like the MT GOX trustee has sold a half billion dallors of bitcoin. So this could also affect bitcoin price deflating.
Could be possible! Seeing this dip, look at total market. It's way down, there are working the strength whales whose are gaining in the way. Bitcoin is not going to much higher, but these whales are causing strongly.
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
yes i think that is the one reason because the china is the one of many country who hates in bitcoin and also they cannot be welcome in it. but i think bitcoin is can recover without china. https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
I don’t think that’s the reason for such. China banned ICOs since last year, but it never had any effect, except the price downing for few weeks and then taking a turn upwards. If that was the reason, then the price wouldn’t have reached the $19,000 price rate which it did last year 2017. Let’s just say it’s a normal thing that happens in market and due to the correction, so very soon the price will go up again. https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
Based on my research not the China why Bitcoin is dumping now. The reason is related to another cryptocurrency called tether and allegations that the people behind it are using tether to prop up the bitcoin market.
Yes, you are right. China is not the only reason why bitcoin is dumping. It think there are also a big players in their groups of big organization. Who are contributed this reason why bitcoin incounter this problem. Like the MT GOX trustee has sold a half billion dallors of bitcoin. So this could also affect bitcoin price deflating.
Why do you think that only chinese dumping crypto ? What about Wall Street and Giant Holders of Bitcoin and Whales ? I think everybody of them could dumping crypto very easy and manipulate of market.
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
I don't think this is a factor , mining of the bitcoin is a necessary need of bitcoin life because if bitcoin will not be mine then surely there is no chance for the transaction to run in the bloclchain system .https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
And also if the miners are mining in more amount then we should see towards the factor that bitcoin's transaction will become more faster then with what we have confirmation speed in lack of miners .
And another thing that is the demand of the bitcoin , if demand of the bitcoin is high then surely price will grow according to that and if not then surely it will not increase and will remain at constant or will drop step by step .
So we should it target China for such things , but surely price sometimes depends upon the Rumours that we heard many times from Chian .
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
Of course they are very influential on the growth of bitcoin by 2017 alone they are one of the world's largest cryptocurrency users especially bitcoin. But on September 30, 2017 it all fell sharply and 'reversed direction' became very small after the Chinese government imposed a ban on bitcoin since then the rule has not changed at least until now. So since 30 september 2017 bitcoin growth decreased and increasingly decreased only.
And events that occurred in January 2018 the ban was reaffirmed and finally their government decided and emphasized all of the exchanges and its citizens to support their single coin ie Neo.
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
Old news... yes, it they were helping to the bump, but now that coin has been fluctating what's the thought ?
Yes it is possible, but I'm sure the Chinese miners are still mining and have not yet dumping everything. If miners in China dumping all the bitcoin they have, I think the bitcoin price will be much lower than it is now. They still keep the bitcoin prices high. Although china has banned bitcoin ICOs, but I'm sure bitcoin will not die.
I think the Chinese government is not opposed to crypto moneys, because they are constantly producing and selling asic miners. China is doing is strictly political, because the Chinese government sees Bitcoin as a threat to the tax system. For this reason they are trying to establish a balance.
Yes it is, basically China government want to control anything. But this kind of crypto mostly decentralization, which still difficult to calculates exact how tax will be implemented. The government wants to take advantage of this, but they are deadlocked, so they restrict trade access. Is not this all about profit only.I think the Chinese government is not opposed to crypto moneys, because they are constantly producing and selling asic miners. China is doing is strictly political, because the Chinese government sees Bitcoin as a threat to the tax system. For this reason they are trying to establish a balance.
Yes it is, basically China government want to control anything. But this kind of crypto mostly decentralization, which still difficult to calculates exact how tax will be implemented. The government wants to take advantage of this, but they are deadlocked, so they restrict trade access. Is not this all about profit only.
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
There are lots of factors causing the price fall like binance hacks and exchange regulations and this also maybe a reason.But what we need to understand is that this is a whale strategy to dump the coins so we also have to make ise of this by buy coins at low price.https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
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