Topic: The China Effect (Read 4117 times)
china seems indeed influential in the rise and fall of the price of bitcoin, because there the possibility of his bitcoin users was very much so what if they bought all the prices will rise and vice versa, for example after the Lunar New Year yesterday the price went up hose how many days has fallen dramatically
As Op quoted China has been connected to bitcoin due to its increased user profiles. This could make fluctuations in the bitcoin price, to overcome this the users around the world needs to increase much more than the Chinese bitcoin users.
Yes china has the most bitcoin users and this trend is likely to change as the PBoC wants tighter monetary policy which might affect btc price negatively attributed by failing btc users there but mass adoption around the world should over shadow the china effect. 
China now has less power on the price of bitcoin, bitcoin is worldwide currency, and it is decentralized, why do you fear Chinese PBOC? Don't worry.
No, it is just that some Chinese are dumping because they cannot withdraw bitcoins for a month. Once those restrictions imposed by PBOC are removed, the price at Chinese and international exchanges will converge.
China now has less power on the price of bitcoin, bitcoin is worldwide currency, and it is decentralized, why do you fear Chinese PBOC? Don't worry.
I think the PBOC gave the exchanges permission to fake the price so they can eventually screw over the round eyes.
China now has less power on the price of bitcoin, bitcoin is worldwide currency, and it is decentralized, why do you fear Chinese PBOC? Don't worry.
There is no disputing the fact that the Chinese hold a big portion of the quantity of Bitcoins but as long as the central banks keep making btc trading or investing in china difficult investors will look for new territories/countries were they will go on with their business and the china effect will wear off after time.
The Chinese invest their money in bitcoin as they do not believe in regular banks and stock market and their currencies values is depreciated most of the time and so they find investing in bitcoin as a lucrative one as they are getting a good return from it and no one can complain about that and since the government is coming up with regulations it is time to see what they will be doing now ,whether they will dump bitcoin and catch another coin without regulation . These regulations have pushed Chinese people to LocalBitcoins in order to avoid buying at exchanges where they are subject to all kinds of regulations. I think that's quite a good development since Chinese people are known for their gambling like investment style. Instead of them dumping their coins on exchanges like crazy when they are at panic, they have to do more effort to sell their coins right now. Less noobish selling pressure on the price is what I consider to be a big plus.
There is no disputing the fact that the Chinese hold a big portion of the quantity of Bitcoins but as long as the central banks keep making btc trading or investing in china difficult investors will look for new territories/countries were they will go on with their business and the china effect will wear off after time.
The Chinese invest their money in bitcoin as they do not believe in regular banks and stock market and their currencies values is depreciated most of the time and so they find investing in bitcoin as a lucrative one as they are getting a good return from it and no one can complain about that and since the government is coming up with regulations it is time to see what they will be doing now ,whether they will dump bitcoin and catch another coin without regulation . There is no disputing the fact that the Chinese hold a big portion of the quantity of Bitcoins but as long as the central banks keep making btc trading or investing in china difficult investors will look for new territories/countries were they will go on with their business and the china effect will wear off after time.
Yes Chinese people hold a big portion of bitcoin assets, as quoted now the China effect have started to wear off. One of the reason is the recent days regulations in bitcoin use within the country. As a part several exchange services too was forced to shut down without any notification. But this has not made much impact on the price. This shows how China effect is going off.
There is no disputing the fact that the Chinese hold a big portion of the quantity of Bitcoins but as long as the central banks keep making btc trading or investing in china difficult investors will look for new territories/countries were they will go on with their business and the china effect will wear off after time.
Yes Chinese people hold a big portion of bitcoin assets, as quoted now the China effect have started to wear off. One of the reason is the recent days regulations in bitcoin use within the country. As a part several exchange services too was forced to shut down without any notification. But this has not made much impact on the price. This shows how China effect is going off. 
There is no disputing the fact that the Chinese hold a big portion of the quantity of Bitcoins but as long as the central banks keep making btc trading or investing in china difficult investors will look for new territories/countries were they will go on with their business and the china effect will wear off after time.
As Op quoted China has been connected to bitcoin due to its increased user profiles. This could make fluctuations in the bitcoin price, to overcome this the users around the world needs to increase much more than the Chinese bitcoin users.
How do you suggest doing so,do you force people to use bitcoin 
it is a choice one have to take whether you are interested in investing in bitcoin or not.The Chinese has invested a lot and that shows by the volume of their trades in exchanges and so any negative news coming out of china will influence the price of bitcoin. 
As Op quoted China has been connected to bitcoin due to its increased user profiles. This could make fluctuations in the bitcoin price, to overcome this the users around the world needs to increase much more than the Chinese bitcoin users.
I agree that china controls the price indirectly because most users from china but I also don't think it is actually possible for now that we can overcome this as till date bitcoin is most famous in countries like china and japan unless a business in your area starts accepting bitcoin as one of the payment method and slowly everyone in world does this we will be free from Chinese interference. But for now all we can do is go with the flow.As Op quoted China has been connected to bitcoin due to its increased user profiles. This could make fluctuations in the bitcoin price, to overcome this the users around the world needs to increase much more than the Chinese bitcoin users.
I agree that china controls the price indirectly because most users from china but I also don't think it is actually possible for now that we can overcome this as till date bitcoin is most famous in countries like china and japan unless a business in your area starts accepting bitcoin as one of the payment method and slowly everyone in world does this we will be free from Chinese interference. But for now all we can do is go with the flow. 
What is happening right now with the value of Bitcoin can all be partly traced to China. Chinese hold a big portion of the quantity of Bitcoin now circulating globally...they can manipulate its value and whatever they do that can affect Bitcoin will have a direct and indirect impact on its market value. Not to mention the fact that pronouncements from the China government in relation to Bitcoin can send the value of Bitcoin tumbling down or rolling up.
And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?
And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?
you may have a point because after the Lunar New Year just bitcoin prices continue to go up a few weeks later to direct price down to $ 100
was once the effect
China is just playing his cards... it's all about timing. They are dropping all those small bombs, trying to constantly dip the price and profit from it. It's obvious there are some people out there with insider information getting rich with all those dips that happen whenever the PCOS has to say anything, notice that it doesn't matter what they are saying, but when. The result is always the same: a dip.
But that has a short lived effect, eventually they will run out of steam, once all the cards are used, they will have nothing left, all those programmed dips will not happen again and Bitcoin will rise higher than Huge Black Woman's diabetes.
But that has a short lived effect, eventually they will run out of steam, once all the cards are used, they will have nothing left, all those programmed dips will not happen again and Bitcoin will rise higher than Huge Black Woman's diabetes.
I agree, and looks like they are running out of cards on their deck, and once that happens, the party is on. We will basically have a bunch of idiots that panic sold their cheap bitcoins to the chinese government. I have no doubt in my mind that the chinese government is creating secretly a stack of bitcoin to store long term and become the #1 world ranked country of bitcoin reserve. Bitcoin is the new gold and china will dominate if the rest of the countries dont wake the fuck up and start buying.
On the contrary isn't the being active of PBOC in implementing AML/KYC to their exchange is a preparation for the approval of ETF? It is possible that PBOC have knowledge about the result of the decision of SEC regarding ETF and they want their exchange to be ready when it is approved?
China is just playing his cards... it's all about timing. They are dropping all those small bombs, trying to constantly dip the price and profit from it. It's obvious there are some people out there with insider information getting rich with all those dips that happen whenever the PCOS has to say anything, notice that it doesn't matter what they are saying, but when. The result is always the same: a dip.
But that has a short lived effect, eventually they will run out of steam, once all the cards are used, they will have nothing left, all those programmed dips will not happen again and Bitcoin will rise higher than Huge Black Woman's diabetes.
But that has a short lived effect, eventually they will run out of steam, once all the cards are used, they will have nothing left, all those programmed dips will not happen again and Bitcoin will rise higher than Huge Black Woman's diabetes.
I agree, and looks like they are running out of cards on their deck, and once that happens, the party is on. We will basically have a bunch of idiots that panic sold their cheap bitcoins to the chinese government. I have no doubt in my mind that the chinese government is creating secretly a stack of bitcoin to store long term and become the #1 world ranked country of bitcoin reserve. Bitcoin is the new gold and china will dominate if the rest of the countries dont wake the fuck up and start buying.
Very well put.
I cant agree more, they have been buying Gold and Bitcoin. They will at one point hold most of the actual worth of the world if they keep it up.
China is just playing his cards... it's all about timing. They are dropping all those small bombs, trying to constantly dip the price and profit from it. It's obvious there are some people out there with insider information getting rich with all those dips that happen whenever the PCOS has to say anything, notice that it doesn't matter what they are saying, but when. The result is always the same: a dip.
But that has a short lived effect, eventually they will run out of steam, once all the cards are used, they will have nothing left, all those programmed dips will not happen again and Bitcoin will rise higher than Huge Black Woman's diabetes.
But that has a short lived effect, eventually they will run out of steam, once all the cards are used, they will have nothing left, all those programmed dips will not happen again and Bitcoin will rise higher than Huge Black Woman's diabetes.
I agree, and looks like they are running out of cards on their deck, and once that happens, the party is on. We will basically have a bunch of idiots that panic sold their cheap bitcoins to the chinese government. I have no doubt in my mind that the chinese government is creating secretly a stack of bitcoin to store long term and become the #1 world ranked country of bitcoin reserve. Bitcoin is the new gold and china will dominate if the rest of the countries dont wake the fuck up and start buying.
What is happening right now with the value of Bitcoin can all be partly traced to China. Chinese hold a big portion of the quantity of Bitcoin now circulating globally...they can manipulate its value and whatever they do that can affect Bitcoin will have a direct and indirect impact on its market value. Not to mention the fact that pronouncements from the China government in relation to Bitcoin can send the value of Bitcoin tumbling down or rolling up.
And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?
And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?
It is true that Chinese country have to do to much with bitcoin nowadays. The last pump was dedicated to them. The same can be told even the actual dump. What can we do about this? Only one thing: spread the word about bitcoin everywhere. In this way bitcoin will not depend more only from Chinese market and for more from the statements of the Chinese Government which are even the reason of this actual dump.
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As Op quoted China has been connected to bitcoin due to its increased user profiles. This could make fluctuations in the bitcoin price, to overcome this the users around the world needs to increase much more than the Chinese bitcoin users.
it is difficult to increase more than chinese bitcoin users because they have a good hardware and they only use in their country and if depend with another user from another country, the different is too big and we can not follow behind the chinese bitcoin users. we need more money to make investment in bitcoin like what chinese bitcoin users do so we can behind or equal with them.
Until now the exchanges have charged a fee only when moving money out of the exchange. This fee got smaller the more you had bought or sold bitcoins. So it was profitable just to move bitcoins from one account to another.
Chinese central bank is doing fine work atm also by forbidding margin trading, this will stabilize the market.
Chinese central bank is doing fine work atm also by forbidding margin trading, this will stabilize the market.
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