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Author Topic: Do you think capital controls in China will impact bitcoin price?  (Read 508 times)
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May 26, 2018, 04:45:26 AM
 #41

yes, though not entirely influential. because market cap and bitcoin market capitalization is not only in china.

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May 26, 2018, 04:53:24 AM
 #42

I think yes, this can affect bitcoin's price. Nowadays, bitcoin is known in China more than the past few years. Larger population is more influential. So the more they are investing here in crypto market, the more they can affect the coin's price.

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May 26, 2018, 05:32:31 AM
 #43

Since we are twlking about china, yes! It does have a huge impact on bitcoin unlike other countries, we had already seen and experience whatnchina had done to the price before, if they ban exchanges prices goes down, if they make a resolution, prices goes up, and all will be excited about the price, but since this is china, the effect will last for months, since athere are still a lot of bitcoiners in china, and  I believe they also have a lot of individual mining rigs compared to other countries, since they can produce their own. One thing, I think that chine could affect bitcoin, is that most of them are lesrning the technology, unlike other countries.
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May 26, 2018, 10:29:30 AM
 #44

China is very influential on the movement of bitcoin prices, this has been happening in some time backward, Chinese government policy is very influential this may be due to the Chinese country is a country that has a great influence on the world

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May 26, 2018, 02:14:36 PM
 #45

Ofcourse they do and it will do a lot of effect on bitcoin if that continues but it will not because they actually banned bitcoin in their country and if you are not having an private network you can't access any ICO on the country of china. They will regret it overtime for sure.

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May 26, 2018, 02:31:44 PM
 #46

I don't think so. The Chinese are already very familiar with bitcoin, and they are very mature after the events of September last year. No news will shake the confidence of people to invest.

Yes, bitcoin price is not effected by Chinese because previously we have seen many upd and downs in the last year but still, bitcoin price reached more than $19k.

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May 26, 2018, 02:54:07 PM
 #47

Since we are twlking about china, yes! It does have a huge impact on bitcoin unlike other countries, we had already seen and experience whatnchina had done to the price before, if they ban exchanges prices goes down, if they make a resolution, prices goes up, and all will be excited about the price, but since this is china, the effect will last for months, since athere are still a lot of bitcoiners in china, and  I believe they also have a lot of individual mining rigs compared to other countries, since they can produce their own. One thing, I think that chine could affect bitcoin, is that most of them are lesrning the technology, unlike other countries.

If you have been in the Bitcoin scene for more than two years, you would have noticed that China constantly cause ripples in the Bitcoin pond.

They wait until the price goes upwards and when they see the price is climbing too strong, they announce some new regulations or they hit the exchanges. Lately they are seen as the fat kid that likes to bully the smaller kids around him. You know they say, there are always a bigger bully born each day and there will come a time when they will get bullied.  Grin

Watch this space.  Wink   

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May 28, 2018, 07:28:28 AM
 #48

I think china can really affect all the things in a world and including the price of bitcoin. Whole world is watching them!

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May 28, 2018, 08:46:50 AM
 #49

Of course, after all, how much time has passed and the rate changed instantly depending on the news in this country
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May 28, 2018, 08:53:35 AM
 #50

I think that such actions of China will certainly affect the price of bitcoin. Only this will not have the effect that the Chinese government expects. Any repressive methods always cause opposition. The Chinese will hide their savings in bitcoins and withdraw them abroad. I think the price of bitcoin will rise.

 agree, if we look at the data on how many countries are open to bitcoin, even a single nation can have a huge impact on bitcoin price , the percentage of using bitcoin is low, therefore a slight movement will definitely affect the whole system. china as authoritarian as they are, can and possibly impose these plan. somehow good for bitcoin as a whole.

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May 29, 2018, 04:30:32 AM
 #51

I think somehow, in a way - yes, policies in China can affect its price.
China has a very big population and the value of bitcoin depends on its demand-supply system. The more popular it is, the more people investing on it, the higher its value gets. Quite a big number of bitcoin users can be hypothetically stated that are from China and knowing that they have banned them, then the number of users is less and thus quite decreases the price, in a way.
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May 29, 2018, 05:18:20 AM
 #52

as far as I know China is the largest capital owner here, when the Lunar New Year then bitcoin prices will go down. This is because many Chinese sell their bitcoins.
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July 13, 2018, 11:13:12 PM
 #53

Of course it will, because everything that happens in China, immediately affects the crypto currency.
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July 13, 2018, 11:48:10 PM
 #54

Of course, there is a relationship. With the strengthening of China's capital foreign exchange control, many funds have quietly completed foreign exchange through Bitcoin and have already moved out.
Many Chinese investors buy bitcoin to avoid the depreciation of the renminbi, and even use bitcoin to circumvent capital controls and transfer funds overseas.
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July 14, 2018, 01:15:31 AM
 #55

Yes because the china has a great capital and if it will contribute to bitcoin then possibly there will be a great impact on it as we all know that nowadays china is one of the developed country on asia and most of the things that has been made from wants to basic commodities are being made from china.
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July 14, 2018, 04:43:46 AM
 #56

Influence will be certain, but it is unlikely that this will be directly visible at the cost of bitcoin. Control of capital, the Chinese government introduces not one-time, but gradually, this is a series of measures and a long process. Therefore, it must pass unnoticed for the bitcoin price. In addition, we are not sure how effective the measures will be. Until now, no one has managed to curb the crypto-currency of a certain territory.
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July 14, 2018, 07:15:21 AM
 #57

China right now become biggest economic country in the world and their product spread all around the world. China have biggest dollar reserve in the world and i think they will use it for investment.
If china using their liquidity to invest in cryptocurrency market, i am believe it will give much effect on market fluctuation. It will push market cap to trillion dollar

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July 14, 2018, 08:29:52 AM
 #58

Yes it is a start. Cause we should not sure that you have to be great currency someday, I do believe right now is to invest, but I think it will do. The first to invest, I do believe in the right place at least, and technology in the future. Cause we have to be wise, but its value for those of cryptocurrency
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August 06, 2018, 11:39:05 AM
 #59

China is indispensable in the domain of advanced money. First time, the period of China issue will close the esteem computerized money out of the blue dove and dropped fundamentally. Unequivocally with the control of this capital, will unfathomably impact the cost, paying little respect to whether it is up or down. They influence the market in light of the way that to the extent belonging they are maybe first yet in regards to headings so except for money they have no effect much. To be sure. This is completely in light of the fact that China has endless related with the Crypto grandstand, so if China has a course of action to affect the market, it will impact the generous number of theorists. So the market will shift toward another way.
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August 06, 2018, 12:51:32 PM
 #60

Due to China's political and economic environment, many wealthy people will transfer their property to other countries, but many of them transfer through other means, and only a small number of people transfer assets through BTC and cryptocurrency!
Capital controls have a limited impact on the price of BTC!
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