Topic: Is Chinese money flowing into Bitcoin (Read 280 times)
There are many strategic buyers right now, including chinese and americans, bitcoin is not a simple investment anymore. It is very valuable as an asset.
Some famous exchanges in the world such as Binance and Kucoin are all Chinese. I think China is gradually legalizing Bitcoin than other countries. Although China previously banned the ICO. But I always invested in ICO projects from China
China is one of the countries investing a lot of money in Bitcoin. I remember there was news before that the Chinese whale is holding more than 92,000 BTC in his wallet. I believe that Chinese money is flowing to Bitcoin
I think that any country's funds will flow into the cryptocurrency, but according to market conditions, if the cryptocurrency market has been rising, then the world will enter the cryptocurrency, because no government can ban it.
Yes, on the surface China bans cryptocurrencies, but I believe many people think that this is impossible unless China bans the Internet. Obviously this is just an attitude that does not involve everyone. I believe the US will definitely raise the cryptocurrency. To suppress the Chinese government, wait and see.
Now China is trying to ban BTC, so the amount of money you are talking about is probably wrong. I do not think Chinese investors are trying to pour into this market, while their government is blocking the crypto market.
I believe YES for the following reason:
[Suspicious link removed]j.com/articles/this-years-selloff-in-chinese-markets-isnt-like-2015-it-looks-worse-1530869403
As you are aware the Chinese control the Bitcoin hash rate and the miners and high wealth individuals have possibly started buying Bitcoin and this could accelerate!
The Yuan is under threat so why not buy Bitcoin: This is the Chinese mentality!
This is a catalyst no one is talking about!
Yes I agree with you that the Chinese money is flowing into bitcoin as well as altcoin. Actualy in China blockchain sector is in boom and so many ICOs are being launched based on china. Chinese peoples have become greedy most of the new ICOs launched are chinese only and thus may be the solid reason they are not concentrating on their national currency CNY. Take in consideration the Chinese scam projects like BITPACTION and one NEW ICO turned out to be scam IONCHAIN. Chinese peoples have delivered good ICOs in the past but we need to be more careful from now onwards. Some of the Chinese greedy people wants to steal our BTC and ETH by launching Scam ICOs with their materialistic marketing , concepts and documents . [Suspicious link removed]j.com/articles/this-years-selloff-in-chinese-markets-isnt-like-2015-it-looks-worse-1530869403
As you are aware the Chinese control the Bitcoin hash rate and the miners and high wealth individuals have possibly started buying Bitcoin and this could accelerate!
The Yuan is under threat so why not buy Bitcoin: This is the Chinese mentality!
This is a catalyst no one is talking about!
Perhaps this is the case, and the Chinese are investing big money in bitcoin because of the unstable situation with the yuan. But now everyone is trying to hide their crypto-currency assets due to strict laws and therefore I think that until laws with respect to the crypto currency are canceled, most Chinese people will not invest in the crypto currency as we would like it.
Yes, but relying on Google data, there are many people in China who buy cryptocurrencies and are on the rise, so I think the government has limited influence.
Yes, from Google data to analyze China does have a lot of money flowing into the cryptocurrency market, although the government is opposed, but they can not regulate.
yes you are right because bitcoin is digital currency so it is very certain china will follow bitcoin movement and i am sure china will use even make a digital currency similar to bitcoin.
Glad you agree
There is another article saying the rich Chinese want to get out of China: Bitcoin is their exit! Go Bitcoin!
yes you are right because bitcoin is digital currency so it is very certain china will follow bitcoin movement and i am sure china will use even make a digital currency similar to bitcoin.
If the chinese community full decided to come back and lift the corresponding ban in their nation, i think that would be great for all of us. Following the move of the korea to fully legalize cryptocurrency again. Well that's a good thing for sure, hope this run will be continuing for the entire time.
Yes, you are right but some people from China still, trading the Bitcoin and other coins. Recently we have seen some positive trend happening towards the Chinese government in which they are supporting some coins from China and blockchain technology implementations.
If the chinese community full decided to come back and lift the corresponding ban in their nation, i think that would be great for all of us. Following the move of the korea to fully legalize cryptocurrency again. Well that's a good thing for sure, hope this run will be continuing for the entire time.
I believe the article is true. Lots of Chinese whales have hidden their assets to cryptocurrency that is why their is a sudden drop of market price to bitcoin. Let just wait for them to get on board again when the Chinese regulations have slow down.
Time tells all!
Cryptocurrency is the future and Chinese President Xi Zinping have praised Blockchain and IOT technology. Chinese government wants to become the biggest sectors for the Blockchain technology business. If you have observed lot of Chinese projects are coming up and are already listed on the markets. Also the major hashrate of the Bitcoin mining is controlled by bitmain. All this points proves that Chinese mine is flowing into the Bitcoin.
Well we can see that in the still increasing value of bitcoin china had already mining for it, And I really think that China is a perfect place for mining bitcoin that time so it can be a possibility that china had a huge impact with bitcoin, But even though china had a massive contribution with mining, I really think that there is a part that bitcoin is not really circulating and had been used in transaction and not been mostly adopted by them,
Well in my opinion Japan would be the country that are most adapt the used of bitcoin right now and you can see the list in here https://medium.com/@cryptoorders/most-bitcoin-friendly-countries-ffcc9e55683d, It indicate there the most bitcoin friendly countries and countries that prohibited bitcoin.
Cryptocurrency is the future and Chinese President Xi Zinping have praised Blockchain and IOT technology. Chinese government wants to become the biggest sectors for the Blockchain technology business. If you have observed lot of Chinese projects are coming up and are already listed on the markets. Also the major hashrate of the Bitcoin mining is controlled by bitmain. All this points proves that Chinese mine is flowing into the Bitcoin.
I believe the article is true. Lots of Chinese whales have hidden their assets to cryptocurrency that is why their is a sudden drop of market price to bitcoin. Let just wait for them to get on board again when the Chinese regulations have slow down.
Chinese economy is still growing and this means they are going invest more in crypto.
But on the other side trump is getting angry cause of chinese economy.
So there will be more actions on crypto in this year.
Well It is not for the first time that USA got angry at a country. It was USSR who was victimised by them as it was a threat for the USA and the alleged countries. Now when they are seeing that Chinese economy is growing bigger and they are collecting more wealth than them in terms of global business, therefore US president and government machinery are angry on them. But on the other side trump is getting angry cause of chinese economy.
So there will be more actions on crypto in this year.
Anyway Chinese has a great role in the development of cryptocurrency and if they are interested in investing it's a good sign for the growth of crypto.
Chinese money nowadays comes in through Chinese offshore exchanges like ZB.COM for example, which ranks
number 3 and number 6 as market / exchange for Bitcoin.
Link : https://coinmarketcap.com/currencies/bitcoin/#markets
Unfortunately for Bitcoin its volume there has been surpassed by Dash.
Link : https://coinmarketcap.com/exchanges/zb-com/
This is however only one Chinese offshore exchange that i am aware of, there could be others where Bitcoin
has larger traded volume.
number 3 and number 6 as market / exchange for Bitcoin.
Link : https://coinmarketcap.com/currencies/bitcoin/#markets
Unfortunately for Bitcoin its volume there has been surpassed by Dash.
Link : https://coinmarketcap.com/exchanges/zb-com/
This is however only one Chinese offshore exchange that i am aware of, there could be others where Bitcoin
has larger traded volume.
Doesn't look like much is flowing in right now.
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