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Topic: Is China the core up holder of Bitcoin? - page 2. (Read 486 times)

legendary
Activity: 3472
Merit: 10611
first of all what OP is talking about is China banning ICOs which happened last year not this Tuesday! and ICOs have nothing to do with bitcoin price. they affect Ethereum price because it is depending 100% on ICOs existence.
secondly China has never been as big as advertised. once they had exchanges with unrealistically huge daily trading volume which seemed like they control a lot but ever since the inspections their volumes became normal and it was clear the volume was fake and they have no power.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
in my opinion no, there are still other countries that are able to mining bitcoin so that it can store very much and become one bitcoin holder, for example german, american and other countries.
hero member
Activity: 686
Merit: 500
China was once the dominating country in bitcoin market with having lion's share of bitcoins due to majority of mining firms there.But now,its not the same case as bitcoin usage has wide spread all over the world.
newbie
Activity: 98
Merit: 0
China has a huge economy and a lot of people that use crypto so it's obvious that their ban would affect the whole market.
But there is no reason to worry, the cant stop the market to grow.
jr. member
Activity: 209
Merit: 1
China may do that,and in the next months china will be get paid because on the high demand of bitcoins
Today,they brought bitcoins at a lower value and definately,they sell it into much higher costs.Doing this,this may trigger young bitcoin holders to sell their cryptos at a lower value,which we all know that at the end,china will benefit this kind of method of earnings.
newbie
Activity: 420
Merit: 0
Chain is the biggest market for bitcoin. Many people’s are there they invest on bitcoin but Chinese government always against bitcoin. But i think if governments mind will change then bitcoin will be more popular in China.
newbie
Activity: 196
Merit: 0
i will not agree to the saying that china is the core up holder of Bitcoin, i will concur that it all started from Satoshi Nyakamoto and that they are from china but then they ability for the bitcoin to move to different locations of the world has made it circulate and thus china is not anymore the core holder of bitcoin again. thanks
copper member
Activity: 322
Merit: 8
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

While there is currently no accurate metrics to pinpoint the claim that China has more btc holders, we should realize that China still has powerful influence on the bitcoin price movement and as such any news coming out from there always has a way of tilting the direction of btc
copper member
Activity: 518
Merit: 0
Yes, there is a chance to that. The prices might fall. But I don’t think that it is ever going to happen as china holds the moajor share of Bitcoin.
newbie
Activity: 406
Merit: 0
I don’t know why they are thinking like this where is china always motivate the technology but in this case I really fed up and this may bring huge loss to them because bitcoin price will not gonna down and in future it will give us lots of profit and benefits.
newbie
Activity: 3
Merit: 0
The fate of modern economy in the hands of China. All that China does is refer to temporary solutions, it is in their interest to revive all foreign currencies
sr. member
Activity: 2254
Merit: 258
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

China's contribution is very large in the community and development of Bitcoin, but I don't think they are going to be the cause of Bitcoin downfall, they supported this since day one the news of banning cryptocurrency crowdfunding are meant to save their citizen from scam projects
newbie
Activity: 196
Merit: 0
China is one of the top countries which has legalized bitcoin in the beginning and it is dealing with bitcoin for so long. So, i think China plays a great role in the bitcoin price. But, the is temporary. I hope it'll increase soon nearby.
full member
Activity: 355
Merit: 102
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

China is one of the most influenced country in crypto currency and in that country there's a lot of people are holding bitcoin. If they really ban bitcoin, I'm sure the value of crypto in market will affect to decrease.
china is a developed country and china can imitate anything in this world, so we are not surprised if china influences bitcoin price. but it is only temporary and not forever, all countries can affect the bitcoin price because no bitcoin is in control.
member
Activity: 266
Merit: 10
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
it has a possibilities that it will happen, however when the other countries ban bitcoin it will reduce the value i saw it every time i heard news about bitcoin at www.cryptofacilities.com
full member
Activity: 1022
Merit: 100
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

In any case this will be temporary but after price return to normal price.
I don't think that China control Bitcoin.
full member
Activity: 518
Merit: 100
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

China is one of the most influenced country in crypto currency and in that country there's a lot of people are holding bitcoin. If they really ban bitcoin, I'm sure the value of crypto in market will affect to decrease.
full member
Activity: 546
Merit: 100
Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

I think yes, china is the one of the biggest market in crypto. everytime there's bad news about crypto in china, price is really drop to the ground.
I think many rich people from there is "playing" btc, they can dump and pump coin's price because they're whales.
But chinna banned bitcoin, don't know why this happen.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
China is quickly becoming the country with the strongest economy in the world, so anything that they do, will have a ripple affect in the financial world. The ban on ICOs and crowd funding has been a controversial subject for a long time now, because this scene is riddled with scams. So it is no wonder that the Chinese government would issue some kind of restriction on capital flowing into these scams.

Capital control is crucial to their strategy to become the strongest economy in the world.
What are you going on about? United States of America is obviously the strongest economy in the world and China is trailing behind in this aspect by a huge margin which will most likely never change. Do you even know how powerful the United States of America truly is in the financial world? I do agree that the moves made by the Chinese government impact the cryptocurrency world in a big way, but this does not necessarily mean they are the biggest players in the cryptocurrency market. Japan is a much bigger player in this aspect if you think about it. No government can stop a force like Bitcoin.
hero member
Activity: 1016
Merit: 502
Yes China holds a lot of bitcoins, but it only means that when most Chinese sell their bitcoins, the price stabilizes. We need just wait when it happens.
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