All of this talk of China, and it's the west that keeps dropping the price?

[silversurfer15]

At least this is what it seems to me. In both cases in which the price of Bitcoin has dropped due to supposed Chinese lawmaking, the price of Bitcoin has remained relatively stable throughout the night (Daytime in the Chinese timezones) and then as news from China has reached the west, most notable the USA, the prices begin to fall, as a large number of westerners begin to panic and sell at a loss over speculation regarding China.

This leads me to wonder a few things... are the Chinese Bitcoin users simply shrugging off all the "bad news" and remaining commited to Bitcoin while the rest of the world panics? Does China even have as much of an impact on Bitcoin as we've been led to believe? Are westerners just really bad at investing?

 Maybe the impact from China just trickles in late? Why does it seem like the Western investors are having a stronger adverse reaction to Chinese lawmaking than China is?  Am I missing something?

[kmacri]

This is definitely China's doing (the bubble and the crash).  The west is merely adapting, but doing it too late, mind you.

[Skoupi]

This leads me to wonder a few things... are the Chinese Bitcoin users simply shrugging off all the "bad news" and remaining commited to Bitcoin while the rest of the world panics?

I don't see any Chinese committed to bitcoin whatsoever. They seem like they are going to sell every last satoshi they own.

[InitialDigital]

This is my concern with the news, as I have grown wiser to read through MSM propoganda: if China is responsible for 1/3 of all bitcoin investment, then why are we talking about the "less than" quotient?

What I want know, and inquiring minds do to, is who controls the remaining 2/3's of the market? What investment/speculations clues can I get from the entity or entities that control the rest of the pie?

Would someone care to be so kind to enlighten me OR am I looking at it all wrong?

[infinitybo]

Nobody can really know who is really dropping the price of a bitcoin exchange except the dropper himself

[sighle]

The West is reacting to the changes in China causing a double-dump. People in the West know that China will be dumping and crashing the price so they dump too probably hoping to buy back in before it hits the upturn again. Unfortunately, the upturn has been sluggish.