Bitcoin Forum

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

I think so, all of those delayed transaction for a month will cause massive withdrawal if they decide to.
Two factors may affect their decision, whether the regulations existence about bitcoin consider detrimental for them or they can not hold from the temptation of bitcoin price to make profits. they may have planned it before to sell out as soon as exchanges allow to withdraw.

after china exchange comeback and normal again
audit POBC china autorized to china exchanger is good result, and china exchanger norma again about volume transaction, depost and withdraw, bitcoin price can incraese high

I think people will just resume their usual routine of trading there, or they will just cash out their fiat and coins to make use of a different (outside China) exchange. I personally think we won't notice anything in the price in both cases. Especially now the sentiment an believe is making people prefer to hold their coins for a much longer period of time. It's not for nothing that the price kept holding strong above the $1000 level.

It might lead to higher demand for bitcoins. Right now, people who were unable to withdraw bitcoins were selling bitcoins and withdrawing CNY. For somebody who wanted bitcoins immediately, there was no way to get them. Even if he bought them at exchanges, he wouldn't be able to withdraw them. Once these curbs are withdrawn, I foresee a lot of people buying bitcoins.

All of the things will run for normal in the future. I don't expect about the big dump will be happening. but the exchange activities will back to the normal before PBOC is restricting the exchange site. Because the market is always move and just cant use it for withdraw our money.

maybe we see huge dump after chinese comeback but i hope its not a big decrease in price and maybe bitcoin price will be stable as there is much supply depend on demand. every possibility can happen and we only wait and see when the time is come.

i think chinese trader still make trading in their exchanges but they can not make withdrawals, their fund is hold in the exchanges until they can make withdraw.

most of the users of these exchanges who had any major amount had enough experience to withdraw all of it in the short couple of days window they had before they disable withdrawals. people you see now that are stuck there are small time traders with low amounts. in other words whales are out.

if and when the exchanges come back, not much is going to change. but depending on how the market reacts it can go both ways. we may see a new wave of FUD saying Chinese are dumping and we see another dip. or we can see another wave of hype saying China is back and is buying now and we see another short rise.

at this point it is hard to say. but in reality, what i said is happening and all those who went out, are already trading in other places. and some even buying OTC.

How many bitcoins were put on hold anyways? if it's less than 1000BTC nothing will change what so ever but more than 1kBTC could have some short time and small volume impact, as I understand they are giving an option to their clients to sell and withdraw which is somehow ridiculous and they could have done that already.

There can be a dump but not much big. People will rather than dumping bitcoins will only move to another exchanges where withdrawal cannot be banned. Maybe they can use localbitcoins to convert to cash if the exchange dont support it. So its better to keep in wallets and use local bitcoins.

No, i dont think there would be a huge dump.
Yes they froze the withdrawals but still when they go back they would still see the better price.
If I would be in their position that is a lot more reason to stay.
Besides it isn't that much right? So I dont think that is a reason to leave.

I don't think they will come back, the stop withdraw may forever.  ;)

If they come back again they could no longer fabricate fake volumes since PBOC is in constant watch and they can no longer afford to be caught violating the regulations that will lead to their closure. Another thing even if Chinese bitcoin exchanges open today there will be no significant impact on bitcoins since they have no longer that huge volumes to manipulate bitcoin price.

I am sure that after the exchange opened, users will massively withdraw their assets. Then they just start to trade on other markets, where there is strict legislation

I thin it will really affect the whole market, the moment the chinese trading platform allow their users to withdraw. I think current users will for sure be moving their funds away from those platforms for fear of the event happening again. This, however, will not improve supply of bitcoins. I don't think they will sell their bitcoins but they will just move it elsewhere.

I can't wait to see Chinese back to the bitcoin world, they are going to give a huge impact on the market and for sure they are going to elevate the price, and within more user it will be more potential to grow into a bigger community and I think Chinese bitcoin user really gives a good impact for all bitcoin users

The government has set up the plan to destroy the Bitcoin and I believe once investors can withdraw their Bitcoin, they will sell them all. In general, they will understand that holding Bitcoin is not as good as it used to since government is trying to prevent them from using this currency. There is only a small possibility that the Bitcoin prices will increase

I also don't think it comes a big dump, but who knows.
Some dates for ICOs have been postponed.
On the other hand, big medias like Cointelegraph will write Chinese are back, maybe there will be another run on Bitcoin?
But all just speculation at the moment.

After series of interventions Chinese traders are beginning to understand this.
I read some news and Chinese speculators said they no longer trust in Chinese bitcoin price, and instead use Bitfinex to determine value of BTC.
They also will switch to p2p trading and avoid centralized exchanges in the future.

they will surely be a rise not a drop! because they disabled "withdrawal" not deposit nor trades.
anybody who wanted to dump or deposit and dump has already done it. and when they comeback to work that would be the end of all the FUD and comeback of one of the bigger exchanges and we all know that newbies panic buy in these situations which means a price rise.

It's relative but I think their return will rather springboard the prices because it will be exchanging hands/wallets more frequently and that increased iage will create the necessary demand for a price rise.

It doesn't seem like it had any impact on the price of BTC. At least no negative impact can be observed. Bitcoin's price is at $1,092 right now and this is close to the highest level in this year. But on the other hand we can't say that Bitcoin price rised a lot after the Chinese exchanges stopped withdrawals. So I don't think after they comeback we'll see a significant change.

I'm expecting a high volume of activities once the suspension of withdrawal
has been lifted. For sure a lot will make a withdrawals to probably transfer
their bitcoins outside of China. Or maybe others much just change their
bitcoin to fiat(Yuan) so the price of bitcoin might rise but just temporarily.
Prices has been stable I think in 1000 USD lately and I will at that even
Chinese make a run of bitcoin again. We just have to wait and see.

when Chinese exchanges come back after 1-2 months (if the suspension is not expanded) they will come back to $1300 at least and that means they have missed a lot of chance to buy bitcoin and join in the rise and if the rules are not changed they will join and price can even go higher.

but it is also worth mentioning that Chinese are still buying bitcoin with even more persistance. you can check out the volume on any other place than OkCoin,... such as localbitcoins,...

I also have the question like this. The price is rising up highly Maybe it's effected by chinese buying action.

After reactivation of withdrawal by those exchangers, I believe the bitcoin price will pump up. Currently without them, bitcoin is trading at 1,107 in the absence of those exchangers. With this  I think we should be optimistic about what is happening as regulatory authority is to serve as policing to crypto currencies.

The trading volume in the Chinese exchanges are smaller now.

still very high, only second to japan, fee ain't stopping chinese from buying, there is a huge demand currently, bitcoin is going really strong and the demand will bring more investors, japan instead have zero fee that's why is higher in volume

I think this topic is more suitable in 'Speculations' section of forum.  Coming to the point raised,  we could expect big fluctuation in bitcoin market. We don't know how people will react once sanctions  will be lifted. If everyone starts dumping then steep fall in price is there. If trade resumes as it was earlier then prices will surge again. Lesser chances of price surge though.

Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

That was precisely my assumption when I was discussing with a friend yesterday, it's going to double skyrocket and we are in for a pump and this time I hope it takes us to 1500$. So we are waiting in anticipation for the Chinese exchanges to resume hopefully in March.

Nope we cant still be sure that bitcoins price would able to shoot up if those chinesse exchanges would comeback and we dont know or hold the minds of those bitcoin holders on that site if they would choose to sell out their bitcoin or just decide to hold a little bit more. Actually im expecting a dump on this one.

The bitcoin price doesn't really seem to be having any issue at all when it comes to the entire meltdown of the Chinese exchanges, pretty insane when you think about it. Everyone on here thought that if this happened the bitcoin price would fall into disarray but I personally think since the stopping of withdrawals the price has went up.

We're going to be hitting all time highs, I just hope we don't go too insane with the increases.


Going to have to agree with this, when they all come back it's just going to allow more demand for the same (relative) amount of bitcoin. The price will just continue on this upward trend.