just a simple question? | Bitcointalksearch.org

Kaykay

newbie

Activity: 112

Merit: 0

Quote from: sa3loo on September 23, 2017, 08:12:32 AM

China is a odd country no twitter no facebook no btc Undecided

Well analysis make it seem that China is weaning its economy off cryptocurrencies. But appearances are not always as they seem. China still exerts a significant influence on cryptocurrency prices.

yourmomy

newbie

Activity: 26

Merit: 0

Everything is simple. Firstly, the Chinese economy is one of the most rapidly developing economies in the world. And much depends on the position of China on the world stage. Secondly, the largest percentage of miners is the same in China. It is also a key factor.

leavefifa

newbie

Activity: 106

Merit: 0

Bitcoin is more popular and widely recognized, Bitcoin will be more valuable. China has a big influence on Bitcoin prices because Chinese use Bitcoin as much. The Chinese government tends to strictly control everything in this country, including personal property of the Chinese people, for tax purposes. The Chinese government is worried about corruption, money laundering by officials. Thus, many Chinese transfer money to Bitcoin to easily manage their personal assets secretly. Chinese people have made Bitcoin more popular.
So, China has a great influence on Bitcoin.

sabihanazir

newbie

Activity: 126

Merit: 0

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

China is the most populous country. There people know value of bitcoin and there communication system very well. Many people use bitcoin . so bitcoin price is very high.

connesa

full member

Activity: 216

Merit: 100

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

because they are one of the largest holders of btc before.
and ofcourse one of the largest country.and big part of btc being mined before was frm china.fyi china only banned the exchangers not the bitcoin itself.some chinese still do trading and exchange btc to fiat here in hongkong.

Sesiaw

newbie

Activity: 113

Merit: 0

exactly with their population and with their extensive knowledge of crypto they really make a big impact especially now that their government is
are really trying their best to organize and make laws about these currencies because they feel a threat to their economies, and I hope the government should support its people to be more successful.

anatoliidedov1807@yandex.

newbie

Activity: 11

Merit: 0

I generally recommend that you invest. You can earn on any projects. The main thing is that the project does not turn out to be a fraud.

rcoins0720

full member

Activity: 253

Merit: 100

Many of investors are there and lots of people living in china and have the knowledge about bitcoin and also using them.
also lots of big investors are located to chinabandbI won't lie china is the most rich and influential country..
The china ban thingy will affect the bitcoins behavior in charts

And some says they wants to maniulate the coins and also create their own coins

tomhutchinson

jr. member

Activity: 37

Merit: 7

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

Big players from china play big game they want to buy bitcoin with cheap price after that make price over the sun.
always Chinese need cheap price

Clos Belmont ICO

newbie

Activity: 112

Merit: 0

Quote from: Emoclaw on September 23, 2017, 07:53:57 AM

Because they (used to) represent a huge chunk of trading volume, as well as total network hashrate.
They were a major country prior to banning Bitcoin. But now not so much really.

I want to add that 60% of all mined Bitcoins mined in China

waitforme

full member

Activity: 618

Merit: 100

BBOD The Best Derivatives Exchange

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

You probably do not know China is one of the countries with the most investment in Crypto and also the earliest. In China there are many investors who own large amounts of bitcoin, accounting for nearly one third of total supply.

Tone147

member

Activity: 221

Merit: 10

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

And now? China has absolutely no influence on the direction of bitcoin prices, so China is a stupid country. They give up the pricing power of bitcoin.

phudinh

newbie

Activity: 40

Merit: 0

China now release bitcoinwhite with more benefit than the old bitcoin, and its community grow so fast
if bitcoinwhite officially be recognized all over the world, china will rule our world

matthewogus01

jr. member

Activity: 56

Merit: 1

China's influence in the world market just shows how powerful the country is. Given this situation, it also controls a fair share of power when it comes to bitcoin price volatility and the number of chinese traders/investors that it has.

hadveach

full member

Activity: 448

Merit: 102

yes, because in China the price of electricity is so cheap, so many people use it to do the mining, and the more miners, the higher the bitcoin price.
in addition, the china many developers and big investors

Pandacomel

member

Activity: 119

Merit: 14

Its just a simple question that i want to ask.If you get 0.05 btc. Wat will you do with the bitcoin.Are you gonna spend the btc by buying thing that you targeting or save it more for future.

taxmanmt5

legendary

Activity: 1190

Merit: 1024

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

Its not. Its people that are the problem. They get scared and do what they do, that is where the issues come from and that is why the markets are so easy to manipulate and that is where the system has its biggest faults. There are not enough of the big traders like us out there to keep the boat from these little rocks and tumbles. but, we can keep the price stable and rising for the most part.

teejayrichard2

member

Activity: 574

Merit: 12

China really don't have an influence, the thing is China is into massive production of things which are distributed all over the world so whatever decision they make on bitcoin sort of affect the market because it affects payments of goods using bitcoins

kinzey

full member

Activity: 254

Merit: 100

Blockchain with solar energy

Quote from: bit-emperor on September 23, 2017, 07:47:41 AM

Why is china so influential with bitcoin prices?

China has a very big population using btc. And they are also the biggest miners of btc. So good news or bad news or rumors can easily change the price of btc. Bad news if they want to buy more btc. Or good news if they want to dump. So the regulations is good for everyone

Shivan Dragon

member

Activity: 84

Merit: 10

Can someone please share the news about bitcoin in the philippines. Will the gov't going to remove bitcoin or taxed it? Thanks

Topic: just a simple question? (Read 2897 times)