Bitcoin Forum

Economy => Speculation => Topic started by: zby on June 26, 2015, 07:31:38 PM



Title: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: zby on June 26, 2015, 07:31:38 PM
http://www.bloomberg.com/news/articles/2015-06-26/the-loudest-voice-in-china-s-stock-market-is-changing-its-tune

I've heard a theory that as long as the Chinese stocks are rallying players from that part of the world keep their money in stocks and don't play BTC. Now we should see some money going back to BTC.

Alternatively we should see a flight to safety - and BTC is in no way safe asset - this would mean a reverse effect.

Just speculating ;)


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: farting_shot on June 27, 2015, 03:34:57 AM
There may be a residual effect from the Chinese investors turning away from their crashing stock exchange. But, I think it will be minor. Very minor. Even in China, not too many people know enough about bitcoins to be serious about sinking their money into a little understood investment like cryptocurrency. Not gonna happen.


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: Cconvert2G36 on June 27, 2015, 03:56:20 AM
Speculative gambling in stocks didn't work out? Fly to the warm safety of cryptotokens!


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: H.W.Z on June 27, 2015, 04:38:36 AM
Speculative gambling in stocks didn't work out? Fly to the warm safety of cryptotokens!
I deeply doubt it. Just check the upper post for the reasons!Besides that, during the peak of 2013, the Chinese speculators plaid an important role in pushing the bitcoin price to an crazy level! Chinese gov then banned bitcoin and cracked down the speculation. Nowadays it is difficult to move large amount of money in and out exchanges. There is nearly no room for making large amount of profits from cryptocoins.   


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: randy8777 on June 27, 2015, 09:53:03 AM
as long as bitcoin has a small market cap it won't be a good place for moving your value from stocks to bitcoin. but it will come. just a matter of time. no one wants to see his investment go down 10-20% within a day.


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: NorrisK on June 27, 2015, 12:16:24 PM
If someone with a lot of money really wants to buy bitcoin, they will find a way.. No matter how difficult the government makes it.
Speculative gambling in stocks didn't work out? Fly to the warm safety of cryptotokens!
I deeply doubt it. Just check the upper post for the reasons!Besides that, during the peak of 2013, the Chinese speculators plaid an important role in pushing the bitcoin price to an crazy level! Chinese gov then banned bitcoin and cracked down the speculation. Nowadays it is difficult to move large amount of money in and out exchanges. There is nearly no room for making large amount of profits from cryptocoins.   


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: pooya87 on June 27, 2015, 12:26:56 PM
If someone with a lot of money really wants to buy bitcoin, they will find a way.. No matter how difficult the government makes it.
Speculative gambling in stocks didn't work out? Fly to the warm safety of cryptotokens!
I deeply doubt it. Just check the upper post for the reasons!Besides that, during the peak of 2013, the Chinese speculators plaid an important role in pushing the bitcoin price to an crazy level! Chinese gov then banned bitcoin and cracked down the speculation. Nowadays it is difficult to move large amount of money in and out exchanges. There is nearly no room for making large amount of profits from cryptocoins.   
that's the thing though. government banning and preventing large money to into crypto is another obstacle that is in the way of attracting more (large amount) of money into bitcoin.
those someones with a lot of money would invest in something with the same profit and less hassle.


Title: Re: Correction on Chinese stock exchanges - any impact on bitcoin?
Post by: Torque on June 27, 2015, 12:39:16 PM
http://americasmarkets.usatoday.com/2015/06/26/china-stock-swoon-could-signal-end-of-bull-run/

Here's something to think about -- What if the Chinese government does this:

1)  Pops the Bitcoin bubble in 2013 with bogus reports of a bitcoin 'ban'

2)  From the Bitcoin mania, sees that their own Chinese 'Average Joes' have loads of savings to invest, and will even go long on margin (i.e., get into debt)

3)  Engineer a Chinese stock bull run

4)  Promote the stock bull run domestically, even providing easy borrowing for more margin leverage

5)  Get all of the Chinese Average Joes to go all in at the peak of the bubble (like a month ago)

6)  Pop the Chinese stock bubble

7)  Short the deflating market - Profit!

Now all those Chinese Average Joes that were late to the party just got burned and are heavily underwater and in more debt.  And they'll probably continue to double-down (average down) on more Chinese stock shares as their stock bubble deflates.  Which means being more underwater.

At this point, they then will have nothing left to even invest in Bitcoin.  And that's the way the Chinese government wants it.  They just bailed-in their own slowing economy by going majorly in debt.