The China Effect

[panju1]

China now has less power on the price of bitcoin, bitcoin is worldwide currency, and it is decentralized, why do you fear Chinese PBOC? Don't worry.

No, it is just that some Chinese are dumping because they cannot withdraw bitcoins for a month. Once those restrictions imposed by PBOC are removed,  the price at Chinese and international exchanges will converge.

[BitcoinGirl.Club]

As Op quoted China has been connected to bitcoin due to its increased user profiles. This could make fluctuations in the bitcoin price, to overcome this the users around the world needs to increase much more than the Chinese bitcoin users.

Yes china has the most bitcoin users and this trend is likely to change as the PBoC wants tighter monetary policy which might affect btc price negatively attributed by failing btc users there but mass adoption around the world should over shadow the china effect.

[Mbah Tyo]

china seems indeed influential in the rise and fall of the price of bitcoin, because there the possibility of his bitcoin users was very much so what if they bought all the prices will rise and vice versa, for example after the Lunar New Year yesterday the price went up hose how many days has fallen dramatically