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Cacingkemi

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

Why is china so influential with bitcoin prices?

Actually not so influential if in my opinion,when the price of BTC down the bed that he said caused by the news about china is not at all like that.The panic of everyone in the world made them sell their BTC because of the news,so in my opinion like that china is not very influential with the price of BTC but indeed there are many who use BTC out there Wink

bitterguy28

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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 one of the main investor in the bitcoin thats why bitcoin goes dump slightly last month but i can't control of the china government the bitcoin as crypto currency because have many countrie's are also support the bitcoin in crypto world so i believe without the cheese investor bitcoin go on the top.

AGD

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

Why is china so influential with bitcoin prices?

It's not.

yugyug

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China owns the largest bitcoin mining pool with a lion share of approximately 70 percent of the total mining of the whole world.Top 10 mining pools are in China, so they own the most number of bitcoins, the bitcoin block chain largely depend in China.If the mining operation halted in China bitcoin transaction might greatly affected as it may delay the processing, the miners are the great contributor of the bitcoin blockchain because they are the one who signed the ledger to make it tamper proof. Chinese government has a lesser role regarding to bitcoin, but we salute the high regards to Chinese bitcoin miners.

Hasbro27

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because China is a country that uses bitcoin, especially businessmen in China, and because of the concern of the Chinese government if the yuan currency will lose with bitcoin, then China forbids bitcoin and ico, according to the news I have ever read.

Janademir4

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

Why is china so influential with bitcoin prices?

There are many factors that play a role but the most important is that most of the volume of world bitcoin trade and mining power is concentrated in China. Bitcoin, as a technology, is designed to operate in a decentralized fashion. That means that there is no single central authority that can make decisions on behalf of all network users. The value of "the most democratic form of money" seems to be too affected by the actions of only one Central Bank namely PBoC. Though idealized as a revolutionary and independent discovery, bitcoin must operate in a real-world environment. In this case the reality is that the majority of bitcoin trade, estimated from 50 percent to 98 percent, and mining, allegedly between 50 percent and 70 percent, occur in China. Another important fact that bitcoin is used as a vehicle to flee capital from China. Savers and investors often use cryptocurrency as an alternative asset holding against the weakening of the Yuan. This makes every bit of regulatory disturbance affecting massive impact across the network

RayvenPierre

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China used to be the biggest player when it comes to bitcoin thats why they somewhat have a huge influence with bitcoin. And given that they have the most number of users in the bitcoin market making it easy for them to control the price.

richkellj

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Quote from: chip211 on September 28, 2017, 08:52:23 AM

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

Why is china so influential with bitcoin prices?

China is home to many of the world's most BTC investors. They keep a large BTCs that can cause turmoil in the crypto market, which is why China's influence is so great.

The only reason behind this is that China can see a very bright future of Bitcoin and China only wants to take control of not only Bitcoin but all other crypto currencies as well for making his own economy much strong than now. I think China’s intentions are very much clear to each and every one. China just want its own profit and that’s it.

el kaka22

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Quote from: Oroplata on September 23, 2017, 10:46:46 AM

Chinese is known as an entrepreneurs worldwide. Bitcoin is a currency in digital form, and where there is money, business minded people are there. Bitcoin is an opportunity to have money and many Chinese are involved in bitcoin and their demand in bitcoin makes price changes.

China is also leading in trading with other countries. China has most of the businessman peoples thinking about money. They have a option for each possible thing. Even they have an alternative for youtube, browser, etc. The population of china is biggest in the whole world and perhaps that is the reason why they make each of their individual decision.

More number of the peoples in china are involved in bitcoins and each of their buying selling activity changes the price of bitcoins. China mines the most bitcoins and also has much shares of bitcoins. That might be the reason why china influences the price of bitcoins.

buyinbtc

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Quote from: Wyne on September 28, 2017, 08:52:51 AM

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

Why is china so influential with bitcoin prices?

Because many investors and holders are coming from China. Many mining activities also done in China. So, there are very influential.

They really are, and we can clearly see what happens to bitcoin when something bad happens(related to bitcoin) in china. Price falls really fast because of that.

dasdo

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Because in China, 20% of traders are just kriptornka. But crypto-currencies are not China. And most likely its limitations - a temporary phenomenon. After all, the news has already come out that on October 18, China will cancel the bans on Ico. The previous prohibitions have a different meaning. Most likely in this way, someone decided to buy well at low prices, or China wants to create its own currency analogue of USDT, thereby becoming the leader in the market for one more position.

Sasuke102001

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First of all China being one of the major player in the world politics. Second the number of people in China using Bitcoin is is immense a large part of their population uses bitcoin and they also have mamy miners so maybe that is what is making China more influential. Anyways bitcoin over came that situation that's all what we wanted.

Selly Arumsari

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

Why is china so influential with bitcoin prices?

yeah because many bitcoin holder sell their bitcoin togeter before market closed by china's goverment so i think its make bitcoin price down

tengek37

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Quote from: christsstrong on September 23, 2017, 09:44:53 AM

China is not influential i think. Its peoples fear that is affecting bitcoin.

I agree with you because what affects bitcoin is not a country but a citizen of society itself that affects bitcoin, even though China is no longer a bitcoin. but my neighbor chinese still likes maen btc.

mondobitcoin

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I dont know why, but china is trying to block ICOs and bitcoin networks...
Maybe they are all envious of the success of bitcoin

thelemot

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because 1/3% bitcoin users are china

epinay

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because in China most of all miners and traders.

Lenzie

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First of all, China has the largest population of people and of bitcoin user (whether it be mining or trading). It is easy to manipulate the market with that huge volume and we can see that it is very easy to manipulate the market to them. But we should not very much worry about certain things like this. THe world's population of bitcoin user is greater than them. They can try to manipulate bitcoin, but bitcoin willl never go down because of them.
Some chinese manipulates bitcoin and try to create there own cryptocurrency. They thought that bitcoin is detrimental to their economy, that is why they are trying to control it while it is still on its early stage.

maman09

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

Why is china so influential with bitcoin prices?

the impact of China is so felt to us. it was a bad day. but for now I think, china will no longer have a bad effect on bitcoin.
I don't know on the 30th what a decline. but I'm sure bitcoin will survive.

YuginKadoya

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Quote from: Wyne on September 28, 2017, 08:52:51 AM

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

Why is china so influential with bitcoin prices?

Because many investors and holders are coming from China. Many mining activities also done in China. So, there are very influential.

We are keeping on repeating the investor thing with china and we all know that there are many miners in that country and let's not forget the most huge facilities of a mining Rig is in that country, Well even if there are fake news that arises that they are banning bitcoin in their country doesn't mean that there are no Chinese that keeps on investing and mining bitcoin, just like in other countries that have ban bitcoin they are coming up with plans on how they would keep on earning bitcoin.

Topic: just a simple question? - page 7. (Read 2897 times)