just a simple question? - page 2. | Bitcointalksearch.org

slyfox

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Quote from: Reatim on October 18, 2017, 06:58:15 PM

Quote from: slyfox on October 18, 2017, 06:43:06 PM

Quote from: shafi alam on October 03, 2017, 02:35:14 PM

I think china wants to buy more stack of bitcoin in low price. its just my opinion.
And they Have much Bitcoin. If they going to sell all of in low price. bitcoin will go to hell.

But they are not going to do that, they are not dumb, if they did that then the price of bitcoin will go down, that is correct, but they will be the ones selling their coins at a bad price and the ones that will have to buy at an higher price and they are not going to do that suicidal move.

In my honest opinion, I don't think that China do it in purposes. They just made the decision to turns its back against bitcoin and not necessarily to buy it when the price is plummeting. However, they are not totally banning bitcoin, on the ICOs. But the damaged has been done to the market already. And we are moving great without them.

Well their damage was surely limited with bitcoin now trading above 7k then it seems bitcoin has nothing to fear even if China banned bitcoin completely, it seems that every bad news coming from China has a temporary bad effect but a good long term effect.

amila_cs

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

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

China didn't ban bitcoin, they only banned ICO's and there were talk about banning Chinese exchanges. But they never banned bitcoin

tonlong

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

Why is china so influential with bitcoin prices?

I agree, that there is some influences from China, but the nice thing about crypto currency is that there is literally no way for one goverment or one nation to solely control it. They could pump and dump but that no significant effect on bitcoin as in previous years.

Galahad111

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Quote from: dimastegar on October 31, 2017, 02:27:16 AM

As many people know. Why China is so influential on Bitcoin prices? Because China has a large volume of Bitcoin trading. So if the price of Bitcoin in China drops with such a large volume, then Bitcoin prices around the world will also fall following most of China's Bitcoin volume. And now Japan is the biggest Bitcoin holder.

Actually china is fast growing immerging economy in world and china started a huge project with one country by the name of sea pack which can make all markets with short distance to china so china don’t want any obstacle in his economy and even they don’t compromise with any deal so think that cab a big reason that china banned bitcoin.

bajigur894784

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Maybe .. because they (chinese) often make policy about stopping the withdrawal of bitcoin.
For example, I once read an article, written in it that ... in china there are some of the biggest crypto that have announced that they stop all tethering bitcoin and litecoin for a month.
I heard a bitcoin price drop because news from China happens quite often.
that's all it knows, maybe the masters here can explain in more detail. Grin

Yankeestyle

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Quote from: dimastegar on October 31, 2017, 02:27:16 AM

As many people know. Why China is so influential on Bitcoin prices? Because China has a large volume of Bitcoin trading. So if the price of Bitcoin in China drops with such a large volume, then Bitcoin prices around the world will also fall following most of China's Bitcoin volume. And now Japan is the biggest Bitcoin holder.

Why China is so persuasive on Bitcoin costs? Since China has an extensive volume of Bitcoin exchanging. So if the cost of Bitcoin in China drops with such a huge volume, at that point Bitcoin costs far and wide will likewise fall following the vast majority of China's Bitcoin volume

valentin68

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As this website says
https://www.buybitcoinworldwide.com/mining/pools/
China has 81% of the hashing power of the world. If you were the biggest producer of bitcoins, wouldn't you be the most influential on the bitcoin price? And guesss what, after China, Russia is the next biggest bitcoin producer. This is very good for them.

travelgear17

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

Why is china so influential with bitcoin prices?

Most of the bitcoin holder are Chinese not only that the largest number of people in china are invested to bitcoin on the various exchanges.
As result, almost 40% - 50% investor and holder of bitcoin are Chinese. So its simple to banned bitcoin china government is enough.

jonruhoax

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

Why is china so influential with bitcoin prices?

miners china very much. that is why it is very influential in bitcoin value. but it's all over. I think bitcoin rose even without china.

dimastegar

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Small Trader

As many people know. Why China is so influential on Bitcoin prices? Because China has a large volume of Bitcoin trading. So if the price of Bitcoin in China drops with such a large volume, then Bitcoin prices around the world will also fall following most of China's Bitcoin volume. And now Japan is the biggest Bitcoin holder.

acpr23

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Volume of bitcoin trades comes from china. China with the largest population in the whole world also has one of the largest bitcoin community. Thats why china can easily influence the market of cryptocurrencies

jatin729

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I don't think so because china influence took not too long, and bitcoin stabled after 1 week of Chinese ban.
I really don't think that china has power to decrease the bitcoin value because there are so many countries those support bitcoins.

haroldtee

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Quote from: EddyGameta on October 26, 2017, 10:31:41 AM

China’s market is one of the largest in the world, as well as its crypto coin market. when many coin holders are forbidden to use their coins, they sell their coins in panic, and those outside of China who hear them also plunged in the FUD. In the end, the sudden rise of supply of a sudden made the price of Bitcoin immediately fallen and FUD became worse

Well, I would say the market WAS one of the largest but no more. Sure, China really had a great influence on bitcoin as so many of the population quickly embraced it and a whole lot of them have been mining from the start, which is why we would see most of the largest mining rigs in China today. So, we will just have to give them that.
However, since the government has probably used that to create lot of FUDs, and they once had the largest market, then obviously from the look of things, there is no one or country that is indispensable and the next available markets obviously over took them.

btcprospecter

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★777Coin.com★ Fun BTC Casino!

China has a big holding bitcoin there are vast amounts of miners there.

ennovy22

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China has a huge population and also a huge population that is using bitcoin. There's a lot of investors and traders there that's why they has a lot of contibutions in bitcoin organization. That's why the bitcoin's value deppressed when China banned bitcoin in their country.

EddyGameta

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China’s market is one of the largest in the world, as well as its crypto coin market. when many coin holders are forbidden to use their coins, they sell their coins in panic, and those outside of China who hear them also plunged in the FUD. In the end, the sudden rise of supply of a sudden made the price of Bitcoin immediately fallen and FUD became worse

Kray

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it depends on how they treat the market, if they are happy to monopolize the market then the government will suppress the altcoins industry or even ban it. but Bitcoin will have a good impact on their economy for sure, this will be an income for their people and take a part in moving the wheels of the economy.

Zalfa_mui

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

Why is china so influential with bitcoin prices?

because many bitcoin traders from china, china does have a great influence on bitcoin, the smallest news coming from China will affect the bitcoin price.

Mame

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

Why is china so influential with bitcoin prices?

China is very influencial with the price of bitcoin since there population is high they can easily manipulate the price of bitcoin and since china is the leading manufactures everything in the market they can easily manipulated almost anything.

malikusama

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No doubt there was an impact of China on bitcoin price because it was one of the countries having biggest bitcoin communtiy and large number of traders. But the impact is not too strong now because bitcoin managed to survive and grow more even without china.

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