It's clear now China have higher amount bitcoin - page 4.

777Bitcoin

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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

They have the capacity in affecting bitcoin price when they want to but it was before the recovery on today's price. After what they done and if they tried the same thing over again it wouldn't be as significant as the last time. They're pride put them on bad light and future policy will not much any means to be tolerated and to be ignored by most investors as they just want attention that they don't deserve.

amacar2

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China used to hold 30% of trading volume daily but these days it has been dropped significantly, market is still uncertain and price can easily move to any direction most likely it will be dumped hard again when all Chinese will sell off to make a safe exit before their government will completely ban bitcoin.

InvoKing

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The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.

michkima

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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

Uhm, first off, I didn't understand what you are asking here. But I'll try to answer to the best of my understanding of your question. You are saying that because of Chinese regulators (not the police) prices of bitcoins went down. That is partly true, but I think it is just because of mass panic seeing prices go down and people just bandwagon-ed it and also sold their bitcoins.

SummerBliss

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The effect would have been same even if it was some other country with a considerable part in cryptocurrency market. China is indeed a big player in crypto world with maximum hashing power. Any negative news coming from such country definitely spread a sense of fear in investor. But don't forget Bitcoin is decentralized. In no time the hold will shift to some countries. One player goes down, many are already ready to take its place. Japan is working positively in that direction.

Javi_Anibarro

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lol where you have been all this long ?
of course chinese is the biggest holders,the majority the miners came from chinese.
that mean they are the ruller in this cryptocurrency,they can decide the market price move upward or downward.
with a single statement they can blow the market,and with a single statement they can blow the market.
so obviously they have the 'highest' amount Bitcoin other than else.
more than half of it was in their hand

bryant.coleman

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Quote from: betudontbet on September 18, 2017, 08:38:49 PM

The biggest farms in the world are held on China is obvious that any kind of FUD or real news that will cause bitcoin to move an step back will influence directly on the price because people are the ones who hold the btc, not the goverment.

It is true that the largest Bitcoin mining farms are based out of China. But if the Chinese government bans the exchanges, how these people are going to sell their coins? After all, they have to cover the expenses, such as hardware, electricity, manpower, air-conditioning, rent.etc. If they are not allowed to sell the coins, how they are going to survive?

Seansky

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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

Even if it is made clear that Chinese have higher amount of bitcoins before the dump happened, maybe it is also clear now that many bitcoin has been sold by Chinese therefore it is not that clear now whether if Chinese is still the one with more bitcoin or another country has a lot more btc now. We will know for sure if another bad news from China will be seen a week or month from now.

DaMut

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Chinese is the leader in the economy in our beautiful world,
which mean they're the most richest people in our world and can determine most of our economy.
and that is happened in our cryptoworld,they're the biggest miners in the world which mean,absolutely they're the biggest Bitcoin holders.
that is why they can affecting the price by only making some statements.
but they're not a fools,they did it intentionally,they know we will facing a hardfork in a few months later.
that is why they made that statements to trigger the weak hands and holders to sell their belongings.
but i believe it will not last long because they will enable it again and allow it again just like before

aso118

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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

Bitcoin was trading at a premium in China compared to global exchanges, prior to the government's crackdown. But all that changed once the government took action. If you check coinmarketcap.com Now, you will find Bitcoin trading at a significant discount in China.

betudontbet

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The biggest farms in the world are held on China is obvious that any kind of FUD or real news that will cause bitcoin to move an step back will influence directly on the price because people are the ones who hold the btc, not the goverment.

winterland

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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

We have always known that the Chinese have a great deal of bitcoin that is nothing new and we have known as a fact that the influence of the Chinese goes higher than that since most miners are form china and the Chinese government is bent on regulating the Chinese exchanges, so this is nothing new.

Cloud27

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Do you mean the Chinese policy towards ICO and exchanges? if so, yes, it really affected the bitcoin price. The Chinese investors somehow sold their bitcoin at lower price and other investor in other countries also made them to sell their bitcoin.

Mtoo

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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

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