Well, how much the Bitcoin market can change in 10 days... Talking about $2k week and a half ago, now we have to watch out, if we will test $1000 level.
I wouldn't expect further rise by the end of the month, further ahead that is a different story.
Topic: Positive news for Chinese players : We are going to see $2000 in March itself ? - page 2. (Read 3621 times)
March 17, 2017, 03:12:01 PM
March 17, 2017, 02:57:02 PM
Did the Chinese exchanges allow bitcoin withdraws again? It was said, they are going to do it in march or so
March 16, 2017, 06:34:07 PM
PBOC cleared no banning of exchanges but only close monitoring. Does it mean we are going to see Chinese traders influencing bitcoin prices again. I really want to watch their exchange volumes to outnumber rest of world's.
https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official
Obviously Chinese traders and investors are going to be an influence but look at what happened without them bitcoin reached such high prices, so I hope this is the beginning of a lesser influence of the Chinese markets on the price of bitcoin for the next years.https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official
March 16, 2017, 04:01:08 PM
PBOC cleared no banning of exchanges but only close monitoring. Does it mean we are going to see Chinese traders influencing bitcoin prices again. I really want to watch their exchange volumes to outnumber rest of world's.
https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official
Obviously Chinese traders and investors are going to be an influence but look at what happened without them bitcoin reached such high prices, so I hope this is the beginning of a lesser influence of the Chinese markets on the price of bitcoin for the next years. https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official
March 15, 2017, 06:52:55 PM
i Think this now china trader still wait and see about result PBOC to china exhanger
so you can see bitcoin price in china exchanger still low and volume transaction is low too
so you can see bitcoin price in china exchanger still low and volume transaction is low too
March 14, 2017, 10:26:26 PM
Did you really think exchanges would be closed down?? I never believed that for a second! The 0.2% mandatory fee has clearly stopped a lot of manipulation because you can't just convert back and forth for free 10,000x a day with no worries.
March 14, 2017, 10:15:15 PM
Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.
This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
Chinese traders moved out of the exchanges to other places only because these exchange platforms stopped their platform temporarily.
and even though they may never come back to the old exchanges to continue their trading there because they have already moved to other places but there is no other reason for not coming back!
it is like saying people won't trade Stocks because stock exchanges are regulated!!!
March 14, 2017, 01:50:24 PM
That's really some good news but of course every good news has a bad news also. Do you think if on 20th march for example the price reaches 2000$ people won't actually sell it. If you see currently there is a steady growth in the price and if there is a huge bump there is of course going to be lots of selling and the price will again come down.
That may not be necessarily true as there are more things that could influence the price at a later stage.The first thing i have to see is whether the volume will be back in those exchanges or whether people will be avoiding those exchanges as they did ban withdrawals without prior notification and i am sure people will think twice before trading in Chinese exchanges. 
March 14, 2017, 10:27:38 AM
Closing monitoring 
What does that really mean? To turn a blind eye if they are doing what they were caught doing before?
For the sake on how they found how their currency the yuan suffered when they closed it up for withdrawals
They didn't know how influential bitcoin was on their own fiat currency was and they soon saw what the ripple effect was so they come up with this "No monitoring system"
How quaint.
What does that really mean? To turn a blind eye if they are doing what they were caught doing before?
For the sake on how they found how their currency the yuan suffered when they closed it up for withdrawals
They didn't know how influential bitcoin was on their own fiat currency was and they soon saw what the ripple effect was so they come up with this "No monitoring system"
How quaint.
March 14, 2017, 10:24:37 AM
This close monitoring of the bitcoin transaction is same as that it get used in the banking. Recently Chinese government announced their stand in digital currency. Whether it's bitcoin or other digital currency they'll support it keeping their own currency stable. Because they have faced several times the fall in value of yuan in correspondence to the bitcoin growth.
bitcoin is growing in the country of china. other than that china has a supporting resource. but now the government is still worried china visible against the use of bitcoin evolving beat domestic currency yuan. March 14, 2017, 08:28:53 AM
Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.
This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
Chinese traders moved out of the exchanges to other places only because these exchange platforms stopped their platform temporarily.
and even though they may never come back to the old exchanges to continue their trading there because they have already moved to other places but there is no other reason for not coming back!
it is like saying people won't trade Stocks because stock exchanges are regulated!!!
March 14, 2017, 01:45:16 AM
Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.
This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
March 13, 2017, 11:58:42 PM
This close monitoring of the bitcoin transaction is same as that it get used in the banking. Recently Chinese government announced their stand in digital currency. Whether it's bitcoin or other digital currency they'll support it keeping their own currency stable. Because they have faced several times the fall in value of yuan in correspondence to the bitcoin growth.
March 13, 2017, 07:39:27 PM
They're also going to be blacklisting addresses - presumably because they think money laundering is going on. What happens to the coins owned by the blacklisted addresses? Will they seize them and auction them? Or dump them on another exchange?
It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
Nobody can control any bitcoin addresses that are held by other people so they may blacklist some bitcoin addresses but owner can easily escape it by using multiple bitcoin mixer to send coins out from those addresses to new one and PBOC will have hard time to track all of those new addresses and at some point they may just stop tracking it. It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
March 11, 2017, 02:12:16 AM
2000$ price I think is too big to be reached now in march specially now that ETF has been expressedly denied by SEC. We might be in a rising movement again but bitcoin going to moon like that won't be easy. If there should be addrresses that will be blacklisted, I wish at least the bitcoin they got on those addresses will be sold and continue to be part of market's supply.
March 10, 2017, 10:33:48 PM
They're also going to be blacklisting addresses - presumably because they think money laundering is going on. What happens to the coins owned by the blacklisted addresses? Will they seize them and auction them? Or dump them on another exchange?
It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
Nobody can control any bitcoin addresses that are held by other people so they may blacklist some bitcoin addresses but owner can easily escape it by using multiple bitcoin mixer to send coins out from those addresses to new one and PBOC will have hard time to track all of those new addresses and at some point they may just stop tracking it. It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
March 10, 2017, 02:25:03 AM
PBOC cleared no banning of exchanges but only close monitoring. Does it mean we are going to see Chinese traders influencing bitcoin prices again. I really want to watch their exchange volumes to outnumber rest of world's.
https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official
https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official
I wont be banking on the Chinese words for whatever because they are the ones that are saying something now, then later they say something else and moreso that statement is ambiguous because keeping close watch could mean they can wake up tomorrow and start another round of investigation anytime they deem fit to stir the market in whatever direction they deem fit.
March 10, 2017, 02:18:53 AM
That's really some good news but of course every good news has a bad news also. Do you think if on 20th march for example the price reaches 2000$ people won't actually sell it. If you see currently there is a steady growth in the price and if there is a huge bump there is of course going to be lots of selling and the price will again come down.
if bitcoin price get to $2000 the economic laws of diminished return will force the price down but not too deep. I terms close people bank of china monitoring bitcoin and others crypto currencies exchangers like bitcc, okcoin etc as a good news as they comment and decision always affect the market in negative way. 
March 10, 2017, 01:51:33 AM
They're also going to be blacklisting addresses - presumably because they think money laundering is going on. What happens to the coins owned by the blacklisted addresses? Will they seize them and auction them? Or dump them on another exchange?
It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
Nobody can control any bitcoin addresses that are held by other people so they may blacklist some bitcoin addresses but owner can easily escape it by using multiple bitcoin mixer to send coins out from those addresses to new one and PBOC will have hard time to track all of those new addresses and at some point they may just stop tracking it. It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
March 10, 2017, 01:44:07 AM
Did you check this news from bloomberg which mentions that major chinese exchanges are still continuing the suspension. Only this time it is indefinite!!
https://www.bloomberg.com/news/articles/2017-03-08/china-s-top-bitcoin-exchanges-extend-suspension-of-withdrawals
https://www.bloomberg.com/news/articles/2017-03-08/china-s-top-bitcoin-exchanges-extend-suspension-of-withdrawals
They're also going to be blacklisting addresses - presumably because they think money laundering is going on. What happens to the coins owned by the blacklisted addresses? Will they seize them and auction them? Or dump them on another exchange?
It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.
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