Topic: The China Effect - page 2. (Read 4117 times)
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.
Chinese exchanges have accounted for 42 percent of all Bitcoin transactions in 2016 year. I search more about this topic on internet, China is growing and their economy is growing every year. China, up until about 50 years ago, was a small-time player on a global scale now they are strong force.
I found this real time the influence of China on current bitcoin trading: http://fiatleak.com/
First minute all bitcoins are going just to Chinese, then US a bit and couple times in Russia. Looks like Chinese are dominating!
Well do not forget that it is also the most populated country in the world, maybe that's another reason why they have more predominance in some things, as in this case for example, but as they sell their stock to make a profit, or to cover mining expenses, so finally someone else buys their stock, or they end up buying more expensive themselves, of course that for a long time more would remain in the lead in this area how has it been, but no doubt other countries would end up approaching this just in case it was necessary, not to forget that there are much more valuable stocks which could be auctioned to exchange for another to give security to their investment. I found this real time the influence of China on current bitcoin trading: http://fiatleak.com/
First minute all bitcoins are going just to Chinese, then US a bit and couple times in Russia. Looks like Chinese are dominating!
Fiatleak to me seems to be correctly registering every single buy trade (at a first glance). But it's obvious that zero-fee exchanges incentive their users to trade _much_ more than if there were fees - it has not even to be intentional fake trading or manipulation, and so almost every bitcoin "leaked" from the fiat system goes to China (but >90% of them get converted instantly to fiat again 
).
In a couple of hours we will see if this proportion will still continue after the end of the zero fee policy. As volume has already dropped at these exchanges I expect the volume decrease between January 23 and 24 will not be extremely high, but we can expect at least another 50% - if not 70 or 80 % - decrease.
The impact on price is unclear for me. It is possible that less overall trade volume is viewed as a bearish indicator by some traders, but in my opinion most will know the reason and so the bearish impact will be limited. The scalability/block size/segwit debate, in my opinion, is much more important.
The difference in trading volumes over at Chinese exchanges has already shown up where I also expect that their volumes will tank even deeper. ).In a couple of hours we will see if this proportion will still continue after the end of the zero fee policy. As volume has already dropped at these exchanges I expect the volume decrease between January 23 and 24 will not be extremely high, but we can expect at least another 50% - if not 70 or 80 % - decrease.
The impact on price is unclear for me. It is possible that less overall trade volume is viewed as a bearish indicator by some traders, but in my opinion most will know the reason and so the bearish impact will be limited. The scalability/block size/segwit debate, in my opinion, is much more important.
I am still waiting for the mainstream media to jump in on this where they report about the massively dropped volumes. I wonder how long it will take.
Recently they reported about the higher than ever trading volumes where it's entirely a China ruled market. They didn't even pay attention to the fact that the vast majority of their volumes are fake.
It just shows how ignorant the media is. I won't even be surprised when they will give a negative twist to the dropped volumes in China. Something in the way of "Bitcoin lost popularity" bla bla bla.
China has great deal in bitcoin and influence the price great deal. I'm afraid there is nothing we can do about it, it's just how the bitcoin market is functioning at the moment. Is this good or bad for bitcoins the time will tell.
Whatever happens in china related to bitcoin, it has an impact on the whole world.Its because china holds the majority volume of bitcoins. They have more bitcoin mining firms and obviously, they have more bitcoins mined.If they wish, they are able to do a pump and dump in bitcoin price to some extent. Recently, you would have observed a great rise and fall in bitcoin price this month due to china situations. Only option is if bitcoin is totally banned in china, then they would sell their holdings and stop mining which would definitely create the original decentralised bitcoin.
Fiatleak to me seems to be correctly registering every single buy trade (at a first glance). But it's obvious that zero-fee exchanges incentive their users to trade _much_ more than if there were fees - it has not even to be intentional fake trading or manipulation, and so almost every bitcoin "leaked" from the fiat system goes to China (but >90% of them get converted instantly to fiat again ).
In a couple of hours we will see if this proportion will still continue after the end of the zero fee policy. As volume has already dropped at these exchanges I expect the volume decrease between January 23 and 24 will not be extremely high, but we can expect at least another 50% - if not 70 or 80 % - decrease.
The impact on price is unclear for me. It is possible that less overall trade volume is viewed as a bearish indicator by some traders, but in my opinion most will know the reason and so the bearish impact will be limited. The scalability/block size/segwit debate, in my opinion, is much more important.
).In a couple of hours we will see if this proportion will still continue after the end of the zero fee policy. As volume has already dropped at these exchanges I expect the volume decrease between January 23 and 24 will not be extremely high, but we can expect at least another 50% - if not 70 or 80 % - decrease.
The impact on price is unclear for me. It is possible that less overall trade volume is viewed as a bearish indicator by some traders, but in my opinion most will know the reason and so the bearish impact will be limited. The scalability/block size/segwit debate, in my opinion, is much more important.
Chinese exchanges have accounted for 42 percent of all Bitcoin transactions in 2016 year. I search more about this topic on internet, China is growing and their economy is growing every year. China, up until about 50 years ago, was a small-time player on a global scale now they are strong force.
I found this real time the influence of China on current bitcoin trading: http://fiatleak.com/
First minute all bitcoins are going just to Chinese, then US a bit and couple times in Russia. Looks like Chinese are dominating!
I found this real time the influence of China on current bitcoin trading: http://fiatleak.com/
First minute all bitcoins are going just to Chinese, then US a bit and couple times in Russia. Looks like Chinese are dominating!
The fiatleak website has already been proven as not accurate a million times before, i dont know why people keep posting it. I dont remember why exactly fiatleak isnt accurate, but i remember reading a convincing explaination. Bottomline is, that site cannot be trusted.
We don't know the exact numbers, but in any case, its clear china is dominating the bitcoin game when it comes to hashrate and exchange volume.
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?
We can not do anything with bitcoin because chinese demand is too high and Once there are anything happened with bitcoin or chinese investors of bitcoins. that is very big problem because They owned biggest bitcoins in the world (90% bitcoin amount from China). I think we need another digital coin for the rest of the world.
I'm wondering about what you said, where did you get the source that the 90% of bitcoins owned by China? For me this is just an speculation. That has no proof of evidence and no basis. Although, I cannot deny China has many investors in bitcoin industry.
Chinese exchanges have accounted for 42 percent of all Bitcoin transactions in 2016 year. I search more about this topic on internet, China is growing and their economy is growing every year. China, up until about 50 years ago, was a small-time player on a global scale now they are strong force.
I found this real time the influence of China on current bitcoin trading: http://fiatleak.com/
First minute all bitcoins are going just to Chinese, then US a bit and couple times in Russia. Looks like Chinese are dominating!
I found this real time the influence of China on current bitcoin trading: http://fiatleak.com/
First minute all bitcoins are going just to Chinese, then US a bit and couple times in Russia. Looks like Chinese are dominating!
Yep, yessir I do believe it's them Chinese responsible fo' all this booshit we seein' wit bitcoin. And prolly wit da shitcoins too. They got they yella little hands in evverthang. They good fo' bootleg USB cables, an' that's about it fer me. An' even then I feels like I'mma rippin' Americans off evertime I buy one.
the way i see it china kind of wants to control the world from buying the football big names to be a future hub of soccer,to wanting to start production of their own chips to cut down on foreign technology and challege US chip makers Micro technology
and now they want to regulate bitcoins through their exchangers and manipulate the price altogether.
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.
Yep, yessir I do believe it's them Chinese responsible fo' all this booshit we seein' wit bitcoin. And prolly wit da shitcoins too. They got they yella little hands in evverthang. They good fo' bootleg USB cables, an' that's about it fer me. An' even then I feels like I'mma rippin' Americans off evertime I buy one.
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?
We can not do anything with bitcoin because chinese demand is too high and Once there are anything happened with bitcoin or chinese investors of bitcoins. that is very big problem because They owned biggest bitcoins in the world (90% bitcoin amount from China). I think we need another digital coin for the rest of the world.
Sounds in your reason you became panic. Its not just because China owned biggest bitcoin in the world they can freely control the price of Bitcoin. No its not like that, have you forgotten bitcoin is DECENTRALIZATION not centralization. Always remember and keep that in your mind.
I don't like to make any prognoses, but it's pretty possible scenario.
I do not think there is a need for them to cash out for the new year. Having them bought bitcoin in the first place means they have more than enough of money for their dailies and that they are able to buy and save Bitcoin. Aside from that those who bought bitcoin because they are escaping their own currency will not cash out, because that is the exact opposite of what they intend to do.
i think trump will help bitcoin price by creating uncertainty in the US economy.
I really do not think that Trump would make any stupid announcement which would create a problem for the entire economy so that people would start investing heavily into bitcoin.The Chinese market is still the prime area of interest and any news that would come out of China would be super sensitive and it could make or break the trading volume as well as the price of the coin. Now china exchanges had the biggest volume trading, one of the possibilities its that these exchanges has 0 fees on trading. Some of them announced that they will start charging fees on trading, we will see if volumen falls and witch is the real trading volume on these exchanges.
As I and many who followed that topic have expected...chinese exchanges will introduce trade fees!!
Will be interesting to watch how their trading volume will develop over the next couple of weeks.
It will definitely change the way they trade - be very interesting to see how they respond. We will find out whether bots were painting the tape, or whether trades were real.
Now china exchanges had the biggest volume trading, one of the possibilities its that these exchanges has 0 fees on trading. Some of them announced that they will start charging fees on trading, we will see if volumen falls and witch is the real trading volume on these exchanges.
As I and many who followed that topic have expected...chinese exchanges will introduce trade fees!!
Will be interesting to watch how their trading volume will develop over the next couple of weeks.
Now china exchanges had the biggest volume trading, one of the possibilities its that these exchanges has 0 fees on trading. Some of them announced that they will start charging fees on trading, we will see if volumen falls and witch is the real trading volume on these exchanges.
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?
We can not do anything with bitcoin because chinese demand is too high and Once there are anything happened with bitcoin or chinese investors of bitcoins. that is very big problem because They owned biggest bitcoins in the world (90% bitcoin amount from China). I think we need another digital coin for the rest of the world.
Sounds in your reason you became panic. Its not just because China owned biggest bitcoin in the world they can freely control the price of Bitcoin. No its not like that, have you forgotten bitcoin is DECENTRALIZATION not centralization. Always remember and keep that in your mind.
I don't like to make any prognoses, but it's pretty possible scenario.
What makes you so sure about that?
The numbers of exchange volume? Do oyu know that anybody could trade on the chinese exchanges? There is something like VPN.
And I know lots of traders who based in western countries due to zero fees and high leverage.However this may chnage now.The times of high leverage seems to be over and possibility of fees getting introduced soon is getting discussed as well.
After that we will see how big china in terms of bitccoin trading really is!
And no I don't think just due to chinese new year there will a massive sell off.
It dod not happen the years before, sho why should it happen now?!
Makes no sense!
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?
We can not do anything with bitcoin because chinese demand is too high and Once there are anything happened with bitcoin or chinese investors of bitcoins. that is very big problem because They owned biggest bitcoins in the world (90% bitcoin amount from China). I think we need another digital coin for the rest of the world.
Sounds in your reason you became panic. Its not just because China owned biggest bitcoin in the world they can freely control the price of Bitcoin. No its not like that, have you forgotten bitcoin is DECENTRALIZATION not centralization. Always remember and keep that in your mind.
I don't like to make any prognoses, but it's pretty possible scenario.
i think trump will help bitcoin price by creating uncertainty in the US economy.
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