Topic: So if China doesn't matter to BTC, what is causing the price to stay down? - page 3. (Read 2825 times)
May 07, 2014, 09:31:30 PM
The price of bitcoin is like a market and stuff. It goes up and down, depending on demand.
May 07, 2014, 09:19:35 PM
Simply put, there must be more people selling and cashing out of BTC then there are new people buying in, at this moment.
May 07, 2014, 09:12:58 PM
Yeah, the price has been quite stable lately. It's kinda boring that it hasn't fluctuated more than a dollar or two when I check it multiple times each day, haha!
It was china's purchasing that drove it up pretty high last year, and Gox's fake inflation that did the rest of the trick. With both of them off the play field, I think we're back to the natural steady increase in value.
It was china's purchasing that drove it up pretty high last year, and Gox's fake inflation that did the rest of the trick. With both of them off the play field, I think we're back to the natural steady increase in value.
May 07, 2014, 08:50:09 PM
It is all in the title really.
For those who say it isn't China, what is it then?
For those who say it isn't China, what is it then?
The price is 100% higher than where it was a year ago before China got involved in the first place.
I think a 100% gain in a year is pretty damn good.
$440/btc is strong.
May 07, 2014, 08:30:10 PM
Give it a few months.
May 07, 2014, 08:22:02 PM
you can check the main exchanges volume portion distribution here : http://p2pbucks.com/altcoin/pie.php
But remember , the volume in Chinese exchanges is not true < i don't use the word "fake" because there are many high frequency & leverage trading on OKCOIN & HUOBI >
Along with the offline trading bursting the effect of China's center bank will gradually gone
But remember , the volume in Chinese exchanges is not true < i don't use the word "fake" because there are many high frequency & leverage trading on OKCOIN & HUOBI >
Along with the offline trading bursting the effect of China's center bank will gradually gone
Cheers for link - nice clean website - bookmarked
May 07, 2014, 07:43:58 PM
you can check the main exchanges volume portion distribution here : http://p2pbucks.com/altcoin/pie.php
But remember , the volume in Chinese exchanges is not true < i don't use the word "fake" because there are many high frequency & leverage trading on OKCOIN & HUOBI >
Along with the offline trading bursting the effect of China's center bank will gradually gone
But remember , the volume in Chinese exchanges is not true < i don't use the word "fake" because there are many high frequency & leverage trading on OKCOIN & HUOBI >
Along with the offline trading bursting the effect of China's center bank will gradually gone
May 07, 2014, 07:31:33 PM
It is all in the title really.
Yeah, hacks, gox, sheep market place, china news, bad news here, bad news there, bad news bear. IDK.
I remember seeing that China accounted for the majority of BTC volume on any given day. In the U.S. and Europe we really don't need BTC because our governments aren't exactly confiscating our wealth on a massive scale, or really even almost any small scale(some peoples opinion might be that they are, but nice opinion bro).
So if everyone is always going around saying China doesn't matter, why do you keep having you repeat the mantra? It obviously has a pretty big effect, and if they actually ban it outright banana sandwich like no tomorrow then we will really see a big dip ay?
For those who say it isn't China, what is it then?
Yeah, hacks, gox, sheep market place, china news, bad news here, bad news there, bad news bear. IDK.
I remember seeing that China accounted for the majority of BTC volume on any given day. In the U.S. and Europe we really don't need BTC because our governments aren't exactly confiscating our wealth on a massive scale, or really even almost any small scale(some peoples opinion might be that they are, but nice opinion bro).
So if everyone is always going around saying China doesn't matter, why do you keep having you repeat the mantra? It obviously has a pretty big effect, and if they actually ban it outright banana sandwich like no tomorrow then we will really see a big dip ay?
For those who say it isn't China, what is it then?
china does not count as the largest bitcoin volume.
if you add up all the bitcoin of all western world exchanges. western world wins. the issue is that with 20 western world exchanges and less then a dozen chinese, it only 'appears' that china has more bitcoin
May 07, 2014, 07:07:12 PM
It is all in the title really.
Yeah, hacks, gox, sheep market place, china news, bad news here, bad news there, bad news bear. IDK.
I remember seeing that China accounted for the majority of BTC volume on any given day. In the U.S. and Europe we really don't need BTC because our governments aren't exactly confiscating our wealth on a massive scale, or really even almost any small scale(some peoples opinion might be that they are, but nice opinion bro).
So if everyone is always going around saying China doesn't matter, why do you keep having you repeat the mantra? It obviously has a pretty big effect, and if they actually ban it outright banana sandwich like no tomorrow then we will really see a big dip ay?
For those who say it isn't China, what is it then?
Yeah, hacks, gox, sheep market place, china news, bad news here, bad news there, bad news bear. IDK.
I remember seeing that China accounted for the majority of BTC volume on any given day. In the U.S. and Europe we really don't need BTC because our governments aren't exactly confiscating our wealth on a massive scale, or really even almost any small scale(some peoples opinion might be that they are, but nice opinion bro).
So if everyone is always going around saying China doesn't matter, why do you keep having you repeat the mantra? It obviously has a pretty big effect, and if they actually ban it outright banana sandwich like no tomorrow then we will really see a big dip ay?
For those who say it isn't China, what is it then?
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