Topic: Is China the core up holder of Bitcoin? - page 4. (Read 486 times)
China's influence on the price of bitcoin is still very large
China hold maximum bitcoin share. that's why if Chinese govt. give a news all people of china start to panic and do sell. but in the situation if can hold our position it could be profitable.
The country has more bitcoin than other countries. Bitcoins are also partially damaged by Chinese commands. In addition there are many other reasons. Trust that bitcon will go up at the end of the year
They mined most of it so I am sure they are bagholding a ton of it right now and just unloading bit by bit on everyone. I also think every time there is just a tiny bit of FUD or negative news, everyone is unloading until they squeeze out every ounce of profit they can get and move on to other stuff, OR they are unloading so the panic sellers can capitulate and the market crash, so they can buy up a lot more at much cheaper prices. That's what the rich people do to become richer.
But China still has a large share of the cryptocurrency market.
So in my opinion, China's influence on the price of bitcoin is still very large.
So in my opinion, China's influence on the price of bitcoin is still very large.
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?
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?
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