It's clear now China have higher amount bitcoin - page 2.

Weawant

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

Quote from: chickenado on September 28, 2017, 05:36:12 PM

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.

lobo13hf

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Quote from: chickenado on September 28, 2017, 05:36:12 PM

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.

chickenado

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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.

Izarok

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Quote from: Netnox on September 27, 2017, 12:35:08 PM

Tax evasion has always been a big issue in China. That is the reason why the government officials are running scared of Bitcoin. They are afraid that Bitcoins may be used to hide individual wealth, and to transfer wealth abroad. Same is the case in India as well.

I do also believe that this is the reason why they ban most of the ICO's on China. Though they didn't directly ban the use of bitcoin, they targeted ICO's to expose any huge "hodlers" to come up. The method might be indifferent still it can be used in evading taxes et al.

Obito

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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

It is, China has a big impact that could affect in the price of bitcoin in the market and the proof is the happening in this last few weeks that makes the price fall. Remember that China has been banned the exchage that cause of price fall of bitcoin in the market and also lead on panic selling. Therefore, China is necessary for this kind of industry because of their population.

Kronos21

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Quote from: asriloni on September 28, 2017, 08:53:24 AM

Quote from: Netnox on September 27, 2017, 12:35:08 PM

Tax evasion has always been a big issue in China. That is the reason why the government officials are running scared of Bitcoin. They are afraid that Bitcoins may be used to hide individual wealth, and to transfer wealth abroad. Same is the case in India as well.

Tax evasion is not a thing if they give punishment to the evaders, it's not just light punishment but the heaviest one, then the citizens will forcefully reporting their profit, or wealth from bitcoin so that government can tax them.
since blockchain is really transparent about every transactions going on, it doesn't make sense if they scared of it.

And where it says that this is your wallet? Yes, the transaction is seen but it is faceless. You can be tracked only after you make the exchange of bitcoins for Fiat. But it is also difficult because there are many exchangers that do not require registration and you will remain in the shadows.

mharz

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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.

asriloni

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Quote from: Netnox on September 27, 2017, 12:35:08 PM

Tax evasion has always been a big issue in China. That is the reason why the government officials are running scared of Bitcoin. They are afraid that Bitcoins may be used to hide individual wealth, and to transfer wealth abroad. Same is the case in India as well.

Tax evasion is not a thing if they give punishment to the evaders, it's not just light punishment but the heaviest one, then the citizens will forcefully reporting their profit, or wealth from bitcoin so that government can tax them.
since blockchain is really transparent about every transactions going on, it doesn't make sense if they scared of it.

Nazmul012

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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 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....

marcuslong

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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

What seriously? Is changes gonna happens in china? I don't think that bitcoin rate will affect after the china wipe out totally of bitcoin If they where made this kind of another policy that bitcoin will higher rate there maybe bitcoin price will be boost its price into unexpected one. But im pretty sure that tax will be awful for them.

Netnox

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Tax evasion has always been a big issue in China. That is the reason why the government officials are running scared of Bitcoin. They are afraid that Bitcoins may be used to hide individual wealth, and to transfer wealth abroad. Same is the case in India as well.

zanezane

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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!

Kingofbitcoin12345

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Yes it so clear from the start that they have huge numbers of bitcoin the same way they do have the most largest bitcoin mining farm and many of them widespread on that country.. But it also clear to me how the government is being blinded for they're boastful attitude that they can control bitcoin and us,, the users,, the investors and the market itself.. They're days would come to an end and it will hurt them badly if banning bitcoin is they're goal..

winterland

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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.

albertvert

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Quote from: Hamstead on September 25, 2017, 09:35:10 PM

Quote from: pitham1 on September 25, 2017, 03:07:57 PM

Quote from: nickfury on September 25, 2017, 11:19:45 AM

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month. They can withdraw their consent at any moment.

We just considered this issues as part of bitcoins life. As it become highly demand in the market the more it become vulnerable to many attacks. Is just a matter of competition, the one who survive is the one who will win the competition. And bitcoin have its own stamina to fight against others.

Yes now in China is increased the value of bitcoin and The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month.and the competition about the bitcoin is increased in all the country and in very high price in the China have a higher amount of bitcoin.

Hamstead

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Quote from: pitham1 on September 25, 2017, 03:07:57 PM

Quote from: nickfury on September 25, 2017, 11:19:45 AM

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month. They can withdraw their consent at any moment.

We just considered this issues as part of bitcoins life. As it become highly demand in the market the more it become vulnerable to many attacks. Is just a matter of competition, the one who survive is the one who will win the competition. And bitcoin have its own stamina to fight against others.

pitham1

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Quote from: nickfury on September 25, 2017, 11:19:45 AM

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month. They can withdraw their consent at any moment.

InvoKing

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Quote from: skorupi17 on September 25, 2017, 01:55:23 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

It could be true since China has the biggest percentage on Bitcoin miners in the whole world. However, having a high amount of Bitcoin won't change anything. They might have a huge volume of Bitcoins then what? Nothing. They can dump all they want, a crash on Bitcoin's price is preferred by many people.

If the mining activity will cease by the biggest mining companies then welcome back mining with cpu/gpu and let's try to get a piece of the bitcoin cake Wink

skorupi17

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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

It could be true since China has the biggest percentage on Bitcoin miners in the whole world. However, having a high amount of Bitcoin won't change anything. They might have a huge volume of Bitcoins then what? Nothing. They can dump all they want, a crash on Bitcoin's price is preferred by many people.

nickfury

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Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

Topic: It's clear now China have higher amount bitcoin - page 2. (Read 2283 times)