The China Effect - page 3. | Bitcointalksearch.org

bravehearth0319

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Quote from: Kevinde on January 07, 2017, 12:31:05 AM

Quote from: iamTom123 on January 07, 2017, 12:23:30 AM

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?

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.

ArdiPrabowo

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Quote from: The Sceptical Chymist on January 07, 2017, 12:58:35 AM

Question: If it's China that's doing the selling and driving the price down, who are they selling to? And would that not lead to a redistribution of bitcoin? Also, is there any proof of China as a whole being responsible for the drop? I'll admit I read absolutely zero crypto news.

china exchanger, huobi and okcoin is big market
the best volume transaction in there, the best bitcoin user in china country twoo
so huobi and okcoin can trend bitcoin price in follow in there

after issue about china bank investigation china exchanger bitcoin price down

bettercrypto

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Quote from: 1Referee on January 20, 2017, 03:46:06 AM

Quote from: bettercrypto on January 20, 2017, 01:20:29 AM

I agree the Chinese Government is just enforcing some rules to make it more safe for their citizen to trade with bitcoin though I guess whales are taking advantage on this scenario. With lots of Bitcoin in hand and having some against bitcoin news, they can easily manipulate the market by dumping part of their huge holdings and start a panic sell from the weaker hands.

You know what the real issue is with this? This Chinese news where so many people panicked over isn't anything that affects trading at all. It doesn't affect Bitcoin at all. If people took the effort to actually analyze and understand these articles, they wouldn't dump. Even after all these years people still haven't learned anything. People are as brainless as always. Especially when you consider how little effort it cost for whales to blow these articles up, but where the resulting market reaction is massive. It always works, so these whales will continue to influence the market. If people would stop dumping like brainless chickens, then these whales will have to come up with something else as it isn't working anymore.

But the problem is there is always weak hands among traders especially those who are new to the scene and are half-hearted when they bought their bitcoins. Whales are cunning they knew that there is always someone falling to their traps. The trick has been around since the beginning but there are still lots of people falling for it. Though I agree with you that the article if analyzed is more reassuring for bitcoin.

BitFinnese

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Quote from: Tanic on January 21, 2017, 05:51:51 PM

Quote from: maku on January 20, 2017, 07:23:17 PM

Quote from: Tanic on January 20, 2017, 04:27:12 PM

I think if China effect really exist we going to see it on Chinese New Year. I'm sure that many of bitcoin holders from that country will cash out their coins cause of the celebration and the effect if it really has place to be will be visible.

Actually there might be something to it. Chinese New Year 2017 is on Saturday, January 28th, 2017. A week from now.
We won't see traders liquidating their positions because of that, but I think some minor price drops are to be expected.
Prepare to buy cheap bitcoin, gentlemen.

Are you prepared?
I am just wonder if the fall cause of Chinese new year will really happen - for how long it's going to be? I live only with bitcoin and the current price totally satisfy me, so I will not be happy for the price drop Angry

I do not think Bitcoin wil fall because of Chinese New Year. I am optimist that bitcoin will increase while the Chinese New Year is approaching. And besides Bitcoin is being bullish again. It just gone up another $20+ in some exchanges. I hope this increase continuous.

Tanic

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Quote from: maku on January 20, 2017, 07:23:17 PM

Quote from: Tanic on January 20, 2017, 04:27:12 PM

I think if China effect really exist we going to see it on Chinese New Year. I'm sure that many of bitcoin holders from that country will cash out their coins cause of the celebration and the effect if it really has place to be will be visible.

Actually there might be something to it. Chinese New Year 2017 is on Saturday, January 28th, 2017. A week from now.
We won't see traders liquidating their positions because of that, but I think some minor price drops are to be expected.
Prepare to buy cheap bitcoin, gentlemen.

Are you prepared?
I am just wonder if the fall cause of Chinese new year will really happen - for how long it's going to be? I live only with bitcoin and the current price totally satisfy me, so I will not be happy for the price drop Angry

Bitcoin0916

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Whatever happens in China will have an impact on bitcoin. This is because the majority owner of bitcoin is China. Do not be surprised after the Chinese New Year bitcoin prices will rise again even passing $ 1.100. All peoples in China will buying again.

Dr.Osh

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china can provide a great effect on bitcoin, because they hold so many bitcoin spread. perhaps if they were doing a massive sale on bitcoin, I'm sure the price will be very fast bitcoin down. but, they may play an important role in increasing the price of bitcoin.

maku

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Quote from: Tanic on January 20, 2017, 04:27:12 PM

I think if China effect really exist we going to see it on Chinese New Year. I'm sure that many of bitcoin holders from that country will cash out their coins cause of the celebration and the effect if it really has place to be will be visible.

Actually there might be something to it. Chinese New Year 2017 is on Saturday, January 28th, 2017. A week from now.
We won't see traders liquidating their positions because of that, but I think some minor price drops are to be expected.
Prepare to buy cheap bitcoin, gentlemen.

Tanic

sr. member

Activity: 294

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Quote from: arbitrage on January 20, 2017, 01:06:18 PM

I don't know why people forgetting China is leader in producing miners and equipment for miners. This way they improving network strength and directly shape future for Bitcoin in economy of Chine and the rest of the World . So next time when you point a finger to China, ask yourself does all your friend know about Bitcoin?

I think if China effect really exist we going to see it on Chinese New Year. I'm sure that many of bitcoin holders from that country will cash out their coins cause of the celebration and the effect if it really has place to be will be visible.

metalbean

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Quote from: arbitrage on January 20, 2017, 01:06:18 PM

I don't know why people forgetting China is leader in producing miners and equipment for miners. This way they improving network strength and directly shape future for Bitcoin in economy of Chine and the rest of the World . So next time when you point a finger to China, ask yourself does all your friend know about Bitcoin?

Good thinking

Why kill it when you can shape it

arbitrage

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I don't know why people forgetting China is leader in producing miners and equipment for miners. This way they improving network strength and directly shape future for Bitcoin in economy of Chine and the rest of the World . So next time when you point a finger to China, ask yourself does all your friend know about Bitcoin?

severaldetails

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Quote from: Slark on January 20, 2017, 09:55:47 AM

Quote from: 1Referee on January 20, 2017, 03:46:06 AM

You know what the real issue is with this? This Chinese news where so many people panicked over isn't anything that affects trading at all. It doesn't affect Bitcoin at all. If people took the effort to actually analyze and understand these articles, they wouldn't dump. Even after all these years people still haven't learned anything. People are as brainless as always. Especially when you consider how little effort it cost for whales to blow these articles up, but where the resulting market reaction is massive. It always works, so these whales will continue to influence the market. If people would stop dumping like brainless chickens, then these whales will have to come up with something else as it isn't working anymore.

I agree with you, majority of traders, even top whales are acting like headless chickens at the first sight of unconfirmed news.
After reading articles explaining what that recent Chinese government intervention really was I have to admit that they are doing good job!
So far Chinese exchanges seemed like total wild west: no fee policy, trading with borrowed money, fake volume - PBOC by stepping in did the right thing.

I have begun to see the main reason for bitcoin price volatility in psychological effects.
A few begin to run, and a big part of the flock follows.
The most important thing that you can have when working with bitcoins is a reasonable mind.
Psychological effects, no matter if they drive the price up or down, they all cool off in a relatively short time.

Slark

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Quote from: 1Referee on January 20, 2017, 03:46:06 AM

You know what the real issue is with this? This Chinese news where so many people panicked over isn't anything that affects trading at all. It doesn't affect Bitcoin at all. If people took the effort to actually analyze and understand these articles, they wouldn't dump. Even after all these years people still haven't learned anything. People are as brainless as always. Especially when you consider how little effort it cost for whales to blow these articles up, but where the resulting market reaction is massive. It always works, so these whales will continue to influence the market. If people would stop dumping like brainless chickens, then these whales will have to come up with something else as it isn't working anymore.

I agree with you, majority of traders, even top whales are acting like headless chickens at the first sight of unconfirmed news.
After reading articles explaining what that recent Chinese government intervention really was I have to admit that they are doing good job!
So far Chinese exchanges seemed like total wild west: no fee policy, trading with borrowed money, fake volume - PBOC by stepping in did the right thing.

metalbean

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Quote from: 1Referee on January 20, 2017, 03:46:06 AM

Quote from: bettercrypto on January 20, 2017, 01:20:29 AM

I agree the Chinese Government is just enforcing some rules to make it more safe for their citizen to trade with bitcoin though I guess whales are taking advantage on this scenario. With lots of Bitcoin in hand and having some against bitcoin news, they can easily manipulate the market by dumping part of their huge holdings and start a panic sell from the weaker hands.

You know what the real issue is with this? This Chinese news where so many people panicked over isn't anything that affects trading at all. It doesn't affect Bitcoin at all. If people took the effort to actually analyze and understand these articles, they wouldn't dump. Even after all these years people still haven't learned anything. People are as brainless as always. Especially when you consider how little effort it cost for whales to blow these articles up, but where the resulting market reaction is massive. It always works, so these whales will continue to influence the market. If people would stop dumping like brainless chickens, then these whales will have to come up with something else as it isn't working anymore.

True

Especially in a market that is filled by individual traders.

Just imagine NYSE is five folds Shanghai Exchange but their trading volume is the same. Alot of pump and dump by small timers that are affected by the news and rumour mill especially by whales. Institutional traders just sit back and reap the post-panic bargains.

1Referee

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Quote from: bettercrypto on January 20, 2017, 01:20:29 AM

I agree the Chinese Government is just enforcing some rules to make it more safe for their citizen to trade with bitcoin though I guess whales are taking advantage on this scenario. With lots of Bitcoin in hand and having some against bitcoin news, they can easily manipulate the market by dumping part of their huge holdings and start a panic sell from the weaker hands.

You know what the real issue is with this? This Chinese news where so many people panicked over isn't anything that affects trading at all. It doesn't affect Bitcoin at all. If people took the effort to actually analyze and understand these articles, they wouldn't dump. Even after all these years people still haven't learned anything. People are as brainless as always. Especially when you consider how little effort it cost for whales to blow these articles up, but where the resulting market reaction is massive. It always works, so these whales will continue to influence the market. If people would stop dumping like brainless chickens, then these whales will have to come up with something else as it isn't working anymore.

bettercrypto

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Quote from: Decoded on January 07, 2017, 03:48:20 PM

Quote from: The Sceptical Chymist on January 07, 2017, 12:58:35 AM

Question: If it's China that's doing the selling and driving the price down, who are they selling to? And would that not lead to a redistribution of bitcoin? Also, is there any proof of China as a whole being responsible for the drop? I'll admit I read absolutely zero crypto news.

1. China is not intentionally driving the price down. The Chinese government is enforcing and adding more rules on Chinese exchanges. They've already held multiple closed-source lettings with heads of bitstamp, btc-e and huobi.

2. There has been no affect on miners, who are the ones doing most of the bitcoin related activities in China.

3. People in China are not necessarily dumping or pumping. It's fear that has drive the price down

I agree the Chinese Government is just enforcing some rules to make it more safe for their citizen to trade with bitcoin though I guess whales are taking advantage on this scenario. With lots of Bitcoin in hand and having some against bitcoin news, they can easily manipulate the market by dumping part of their huge holdings and start a panic sell from the weaker hands.

metalbean

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Quote from: Amph on January 19, 2017, 02:57:03 AM

Quote from: Oralmat on January 19, 2017, 01:36:18 AM

Off course, China has effect in bitcoin price, So far as i know bitcoin has under-control to China 90%, so its mean China has trading with bitcoin more than half. So than definitely they could have control to pump and dump of bitcoin price. But reason it that if China is doing it, than that's all good for us, because when price down and up than we have a good chance to make money from it.

from where you get this source, in mining they only control 70% maybe more now, but in trading they surely control less than that and surely less than 90%

china is playing a big role in both environment but saying that they contorl the market is pretentious, actually they have lost quite a good control with the last policy of their government toward their exchange

Am with you on this. To say that China controls X% without data is not right. China will play a big role, but to attribute all this and say X% like some mainstream media is not right.

The government called for the three big exchange for talks, but so far non have been banned, but of course it's being watched closely.

I am actually interested to know that if these exchanges are banned in China, IF. What other means do Chinese netizens have to buy bitcoins?

Amph

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Quote from: Oralmat on January 19, 2017, 01:36:18 AM

Off course, China has effect in bitcoin price, So far as i know bitcoin has under-control to China 90%, so its mean China has trading with bitcoin more than half. So than definitely they could have control to pump and dump of bitcoin price. But reason it that if China is doing it, than that's all good for us, because when price down and up than we have a good chance to make money from it.

from where you get this source, in mining they only control 70% maybe more now, but in trading they surely control less than that and surely less than 90%

china is playing a big role in both environment but saying that they control the market is pretentious, actually they have lost quite a good control with the last policy of their government toward their exchange

Idrisu

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Quote from: metalbean on January 07, 2017, 01:08:30 AM

Quote from: Kevinde on January 07, 2017, 12:31:05 AM

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.

Where did you get the source that 90% bitcoins are from China, that's an absurdly high number.

In fact over 90% of bitcoin are mining in china, The same number also for traders, exchangers and blockchainer. News and fundamental issues affect bitcoin because majority of magin traders and speculative traders are Chinese. If others developed countries keep on rejecting bitcoin and others cryptocurrencies, than Chinese will keep on control the crptocurrencies world.

Oralmat

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Off course, China has effect in bitcoin price, So far as i know bitcoin has under-control to China 90%, so its mean China has trading with bitcoin more than half. So than definitely they could have control to pump and dump of bitcoin price. But reason it that if China is doing it, than that's all good for us, because when price down and up than we have a good chance to make money from it.

Topic: The China Effect - page 3. (Read 4117 times)