It's clear now China have higher amount bitcoin

winterland

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Quote from: suzanne5223 on September 30, 2017, 05:57:15 PM

Quote from: winterland on September 26, 2017, 09:02:55 PM

Quote from: tiptopgemdotcom on September 20, 2017, 05:22:49 PM

Just remember gold standarts from history. Sometimes governments want to play big. Maybe this is the real reason behind that "banning crypto" theme.Speculation is root of all evil Wink

The gold standard was the reason there was so much prosperity in those times but governments hate gold because it puts limits to how much they can spend and how much currency they can create, that is why they have put it aside and this is why people have decided to create their own gold, bitcoin.

No, bitcoin was not create because of gold been standard or having a stable price. However, bitcoin was meant to be an alternative to financial system and to create financial freedom for common man.

But that is what I said just with another words, we had a financial system based on gold that worked but that changed when the governments of the world made a transition to a fiat system and now since that system is so bad, the people are trying to create their own system, a financial system based on bitcoin.

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Quote from: shinratensei_ on September 30, 2017, 05:59:12 PM

Quote from: suzanne5223 on September 30, 2017, 05:57:15 PM

Quote from: winterland on September 26, 2017, 09:02:55 PM

Quote from: tiptopgemdotcom on September 20, 2017, 05:22:49 PM

Just remember gold standarts from history. Sometimes governments want to play big. Maybe this is the real reason behind that "banning crypto" theme.Speculation is root of all evil Wink

The gold standard was the reason there was so much prosperity in those times but governments hate gold because it puts limits to how much they can spend and how much currency they can create, that is why they have put it aside and this is why people have decided to create their own gold, bitcoin.

No, bitcoin was not create because of gold been standard or having a stable price. However, bitcoin was meant to be an alternative to financial system and to create financial freedom for common man.

it's just awkward that someone saing the reason of bitcoin created is because of gold though. satoshi nakamoto is creating cryptocurrency called bitcoin because he's tired of those centralized shits and he want to revolutionize the financial technology. therefore bitcoin created, there's nothing to do about gold if you read why bitcoin was created.

You can understand Satoshi Nakamoto want Bitcoin can help us own our money, about value and the amount of money in Bitcoin. No one can know your balance if they do not know your address and Bitcoin system is decentralization, it can not controlled by anyone.

arpon11

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Chinese regulations authority reduced the effect of China traders on daily trading volume. China traders has been actually control the market and since their regulating authority started to attack bitcoin in other to create panic most of they cryptocoin's investors has diversified there investment to other assets.

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Yes, China played a big role in cryptocurrency as a whole. The banning was issued to prevent any further ICO in their country. Not liming the usage of bitcoin but only the implementation of ICOs. The market really took a big hit when that was announced from $5000 to $3000 real quick. I thought it was the end of bitcoin but the bleeding stops and the correction starts.

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Quote from: Nazmul012 on September 28, 2017, 08:45:02 AM

Quote from: Mtoo on September 18, 2017, 11:55:11 AM

In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not

yes mate i also agree with you about this matter. china plays significant role of crypto market. in last week, due to banned bitcoin by china, Chinese people maybe sold their bitcoin due to panic and result was unfortunately down the price of bitcoin....

No doubt that mostly chinese are involved in bitcoin business. Approximately 80% Chinese are member of bitcoin that’s why due to China ban on bitcoin exchanges the price come down and bitcoin affect a bit in the market.

It is 2nd time China came into action against bitcoin but just like previous action nothing bitcoin has affected badly this time too.

winterland

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Quote from: Lampaster on September 30, 2017, 08:08:57 AM

Everyone says that China is the largest custodian of bitcoin. How can you be sure? From this information. I know that bitcoin is an anonymous currency and it's impossible to know who owns it. The Chinese mined a lot of coins but they also sell them in huge quantities.

It is impossible to know for sure, but there is a high chance that is the case since miners do not sell all their coins and keep some for the future and earn when bitcoin reevaluates in price against fiat.

malikusama

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Quote from: Mtoo on September 18, 2017, 11:55:11 AM

In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not

Yes the recent china's ban over the exchanges have made an impact on bitcoin market because China was one of the countries having maximum number of bitcoin users. BTW the effect was not too high, bitcoin community is now much bigger than ever before and not dependent on a particular country or state.

Mehedi72

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Hey mate, i think there is know doubt that china has a lot of bitcoiner and they are responsible for fall down bitcoin price due to banned issue and clearly prove that china have higher amount of bitcoin...

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Quote from: shinratensei_ on September 30, 2017, 05:59:12 PM

Quote from: suzanne5223 on September 30, 2017, 05:57:15 PM

Quote from: winterland on September 26, 2017, 09:02:55 PM

Quote from: tiptopgemdotcom on September 20, 2017, 05:22:49 PM

Just remember gold standarts from history. Sometimes governments want to play big. Maybe this is the real reason behind that "banning crypto" theme.Speculation is root of all evil Wink

The gold standard was the reason there was so much prosperity in those times but governments hate gold because it puts limits to how much they can spend and how much currency they can create, that is why they have put it aside and this is why people have decided to create their own gold, bitcoin.

No, bitcoin was not create because of gold been standard or having a stable price. However, bitcoin was meant to be an alternative to financial system and to create financial freedom for common man.

it's just awkward that someone saing the reason of bitcoin created is because of gold though. satoshi nakamoto is creating cryptocurrency called bitcoin because he's tired of those centralized shits and he want to revolutionize the financial technology. therefore bitcoin created, there's nothing to do about gold if you read why bitcoin was created.

Yes Senior and it really absurd story when someone think bitcoin was created just bitcoin of gold while gold was financial reserve and bitcoin give financial freedom. However, Satoshi Nakamoto think people something which will bail them out of the world financial economy crisis and he created bitcoin. We both confirmed this in the Southern America how bitcoin save people from their country financial market economy crisis.

posi

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I disagree with you on what you said concerning the Chinese holding the highest amount of bitcoin because if they really does had the highest number of bitcoin the price of bitcoin won't have reach the $4200 range right now.

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Quote from: Rahar02 on September 30, 2017, 06:42:06 PM

Quote from: Mtoo on September 18, 2017, 11:55:11 AM

In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not

LoL

, the title mentioned "it's clear now" then you ask they have higher rate or not?
They have big portion of bitcoin for sure, their trading volume btc-cny always be the highest value, at least mostly.
Since, Chinese people out if business, the biggest trade currency switch to Japan yen.
China hold maybe quarter of total bitcoin in circulation, I guess, because they have the biggest mining pools, mining farms and most mining hardware such as antminer s9 produced by Chinese people.

This is the actual plan of china from the first time when we seen the price of bitcoin is getting cheap because of the news we heard before .. but looks at the china exchanges i heard that there is NEO ICO was supported by china right now that more better than ethereum that i thought all ICO will be ban but we are seeing more price increase in china exchanges. .
That is why i think op saying its clear now the purposes of china. .but actually they will not release bitcoin and ICO since this is their source of money ..

Rahar02

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Quote from: Mtoo on September 18, 2017, 11:55:11 AM

In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not

LoL

, the title mentioned "it's clear now" then you ask they have higher rate or not?
They have big portion of bitcoin for sure, their trading volume btc-cny always be the highest value, at least mostly.
Since, Chinese people out of business, the biggest trade currency switch to Japan yen.
China hold maybe quarter of total bitcoin in circulation, I guess, because they have the biggest mining pools, mining farms and most mining hardware such as antminer s9 produced by Chinese people.

shinratensei_

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Quote from: suzanne5223 on September 30, 2017, 05:57:15 PM

Quote from: winterland on September 26, 2017, 09:02:55 PM

Quote from: tiptopgemdotcom on September 20, 2017, 05:22:49 PM

Just remember gold standarts from history. Sometimes governments want to play big. Maybe this is the real reason behind that "banning crypto" theme.Speculation is root of all evil Wink

The gold standard was the reason there was so much prosperity in those times but governments hate gold because it puts limits to how much they can spend and how much currency they can create, that is why they have put it aside and this is why people have decided to create their own gold, bitcoin.

No, bitcoin was not create because of gold been standard or having a stable price. However, bitcoin was meant to be an alternative to financial system and to create financial freedom for common man.

it's just awkward that someone saing the reason of bitcoin created is because of gold though. satoshi nakamoto is creating cryptocurrency called bitcoin because he's tired of those centralized shits and he want to revolutionize the financial technology. therefore bitcoin created, there's nothing to do about gold if you read why bitcoin was created.

suzanne5223

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Quote from: winterland on September 26, 2017, 09:02:55 PM

Quote from: tiptopgemdotcom on September 20, 2017, 05:22:49 PM

Just remember gold standarts from history. Sometimes governments want to play big. Maybe this is the real reason behind that "banning crypto" theme.Speculation is root of all evil Wink

The gold standard was the reason there was so much prosperity in those times but governments hate gold because it puts limits to how much they can spend and how much currency they can create, that is why they have put it aside and this is why people have decided to create their own gold, bitcoin.

No, bitcoin was not create because of gold been standard or having a stable price. However, bitcoin was meant to be an alternative to financial system and to create financial freedom for common man.

Lampaster

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Everyone says that China is the largest custodian of bitcoin. How can you be sure? From this information. I know that bitcoin is an anonymous currency and it's impossible to know who owns it. The Chinese mined a lot of coins but they also sell them in huge quantities.

geyayy

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Quote from: jackhdt on September 29, 2017, 11:41:21 AM

Chinese is the biggest holders,the majority the miners came from Chinese. prices of bitcoins went down. Beginners Bitcoin stabilized but after nothing certain about Bitcoin prices in October

No doubt that China is the biggest holders of bitcoin. And China being the biggest, they also knows how to circulate and what to do in times like this. But I think they will have a step this coming November fork. What do you think?

wurth

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Quote from: Weawant on September 29, 2017, 01:02:30 AM

Quote from: lobo13hf on September 28, 2017, 05:45:38 PM

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Quote from: mharz on September 28, 2017, 09:21:51 AM

Quote from: zanezane on September 27, 2017, 02:40:03 AM

Oh yes this is not something new in China.
Remember that last few weeks news about banning of exchange and bitcoin and it made smoke in the community, many got panicked and sold their bitcoin in loses while China took that opportunity to buy as much as they can and now they're holding huge amount of bitcoin and they'll soon create their own exchange.
What a strategy!

No doubt with that, China have a high numbers of people in their continent so they had a tendency that most of them are members in bitcoin society.
Obviously more of the Chinese persons are engage into a business, so there's a possibility that most of the potential coins and ICO's were from Chinese country.
In addition, remember the banning of ICOS in China it will largely affects the bitcoin community and the value of bitcoin in the market is fall down so high. It means that China have high reputation in the crypto currency industry.

I don't think so. Other country men know the fact that China has been making a bad societal view and more or less of their population is getting abused. So there is a tendency that it will affect their name for somes investors in bitcoin. Being trusted is too important ang geographically speaking,this is a way too far to be expected that their country has bigger amount of bitcoin. What about America? It is the biggest continent ever so I think it would be America over China to have higher amount of bitcoin.

talking of the fact before china release regulation about bitcoin and its usage, china indeed have major percentage of bitcoin holding, you can search it in google, i think there's many reliable source you can get there and also bitcoin which generated from mining, china contribute majority of hashpower.

Indeed they have the biggest hashpower on minings thats why chinese people cannot easily let go the bitcoins since it can be a disastrous for the chinese hash owners if government will regulate nor eliminate it. But for now the issue regarding on China's banning seems clear and we should not afraid to buy nor save some bits at this moments.

Although the FUDs created by China is gone, but you still need to careful till next month start. Why do I need wait till that time? Haha, simply I want to wait the new candle earlier of October before I decide to buy or sell my Bitcoin.

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China has a big impact that could affect in the price of bitcoin in the market. but i think this is a good opportunity for those who want to invest in bitcoin

jackhdt

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Chinese is the biggest holders,the majority the miners came from Chinese. prices of bitcoins went down. Beginners Bitcoin stabilized but after nothing certain about Bitcoin prices in October

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Quote from: Mtoo on September 18, 2017, 11:55:11 AM

In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not

OP, I am not sure what you mean by higher rate in China. But if you mean they have the most amount of bitcoins, it could be true. I understand they own circa 9/10% of the total coins in circulation which is a lot for one country.

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