Bitcoin Forum

Could it be that China Government gave strikt order to Chinese Mining Company, only to sell BTC on Binance. Because of the Binance Hack Trader (but not the Chinese Miner) switched from Binance to other exchanges, but because of the China Government Order the Chinese Mining BTC are absent on the other exchanges, that disturbed Ask&Demand is the reason of the last BTC pump?

Maybe yes or no, if they ask to sell only on Binance, but as i know bitcoin is already on coinbase or other exchanges. Where you read this news about China governments ask China miner company to sell only on Binance?

Nowhere. I just asked this question, because I think that this could be possible in China.

The recent BTC price pump started way before the Binance hack and I don't think that China has such a big influence over the bitcoin price anymore.Their big influence was back in 2016-2017.
Anyway,you are talking about rumors that can't be verified and I don't believe that the Chinese government cares that much about Bitcoin.

People sure have their own reasons in doing things, If they want to really sell BTC only on Binance or not that is their right in doing so, But I need to admit that is a big amount of money taken by the hackers but we can not do something about it but to just accept the fact that it will not return again, We just need to keep on doing what is best and what can we share to others in keeping the value of BTC worth it for investment, And well I guess there is not enough issue with this anymore because the price of BTC is not stopping going up and right now the price is at $8,184.63 USD and still going strong upward.

why Binance?! there is no link with them and the Chinese so if you want to theorycraft then at least come up with a centralized Chinese exchange that they control because that would make more sense rather than Binance.
i also am having a hard time figuring out what kind of conclusion you are trying to make from this question in bitcoin price speculation board?

Why China government gave the miners to sell their bitcoin to the binance when the china government was actually against cryptocurrency? That's only a rumor and i don't think if that was a true story. I thought that will never happen and they are not giving any order to the china miners to do that. the only reason for the recent pump that happen with bitcoin due to the problem with tether.
That's not related to china as far as I know.

What incentives does the Chinese government gets about telling their miners to sell on Binance only? I don't get the logic behind it, unless they themselves will admit it. There are a lot of positive news going around that could have pump the market or just Tether holders from Bitfinex shifting funds to bitcoin or simply there is FOMO right now that really push the price to $8k levels or more. And I doubt that this current spike has nothing to do with Chinese government and if indeed there are such orders coming from them, but I doubt it.

That would never happen. Binance would never even benefit if they would only accept miners from China. They're actually in the process of fixing their security measures but it's hard to prove that allegation and to be honest, I find it impossible to happen.

How will the government prevent miners from selling on any exchange, I don't think the miners will be limited to only binance for selling their bitcoins, and even if they where other exchanges cut just buy their bitcoins from Binance.
Even if this was true I don't think it would affect the price that much.