rscholey (OP)
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September 20, 2015, 12:32:56 PM |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Mickeyb
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September 20, 2015, 01:16:36 PM |
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Yes they should, but you can't say that they will 100%. Chinese people are already very familiar with the Bitcoin. They started the last huge bubble. Last time this was just purely speculation wise. This time they will maybe do so out of necessity to avoid capital controls. Only problem that I see here us that Chinese banks already have restricted their involvement with the Bitcoin exchanges. If the Chinese can work this out, how to get money to the exchanges, then we might see a spark from the Chinese. |
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Bitmore
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Activity: 413
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https://eloncity.io/
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April 22, 2018, 08:59:15 AM |
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Yes absolutely. Look how the news from China affects the price of bitcoin. And the Chinese use it.
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kryptqnick
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April 22, 2018, 09:48:46 AM |
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I am sick of looking at cryptocurrencies being so dependent on some gov's regulations or limitations. It is not supposed to be this way.
The article is about the limit of $50k per year allowed to be moved somewhere else from the country by each Chinese citizen without it being considered suspicious. I think it is pretty fair, because those who have more really should explain how the hell did they get it. It is justified by security measures as well as the stability of national economy.
As for the hypothesis about Chinese using btc more in the future for transferring their money - well, it is very plausible and might first have positive impact on the price and then a really negative one when Chinese gov figures this out and suggests keeping track of btc funds and perhaps makes taxes for big btc users.
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Basmic
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April 22, 2018, 09:59:35 AM |
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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.
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ladydark
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April 22, 2018, 10:01:27 AM |
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I am sick of looking at cryptocurrencies being so dependent on some gov's regulations or limitations. It is not supposed to be this way.
The article is about the limit of $50k per year allowed to be moved somewhere else from the country by each Chinese citizen without it being considered suspicious. I think it is pretty fair, because those who have more really should explain how the hell did they get it. It is justified by security measures as well as the stability of national economy.
As for the hypothesis about Chinese using btc more in the future for transferring their money - well, it is very plausible and might first have positive impact on the price and then a really negative one when Chinese gov figures this out and suggests keeping track of btc funds and perhaps makes taxes for big btc users.
Absolutely prices may Spark at first but then later when the government have other intentions and start tracing the huge volume transns,then the price may start falling down. |
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blue_nexus15
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Activity: 532
Merit: 10
█ J A X N E T W O R K █
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April 22, 2018, 10:08:06 AM |
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Well, I know that Chinese policies have a big impact on BTC prices. Because of the large amount of investors involved in the Crypto market, once they have unfavorable policies, Chinese investors will rush to sell their coin and will push altcoin prices lower.
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Getcoinsite
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April 22, 2018, 10:20:50 AM |
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We all know how Chinese dominating the cryptocurrency world,everytime theres new about them for sure price will either fluctuate or growth..and for sure this one makes another movement again about the price of bitcoin and ofcourse the altcoins too.. Well, I know that Chinese policies have a big impact on BTC prices. Because of the large amount of investors involved in the Crypto market, once they have unfavorable policies, Chinese investors will rush to sell their coin and will push altcoin prices lower.
This may happen,but maybe not because we can see the prices now are growing because of this.so i think lets wait again for the developtmemt of this |
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JerryJam
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Activity: 238
Merit: 11
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April 22, 2018, 10:53:27 AM |
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On Chinese exchanges, the price of bitcoin is higher than on other exchanges, this led to speculation.The reason for this was the control over the movement of capital.In fact, this control is not so strict and you can always find a way around it.For example, buy real estate or create a business in another state.I believe that the bitcoin rate is more affected by the increase in the number of bitcoin users and the high Commission fees of the banking system of China.
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whirlcoin
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April 22, 2018, 11:47:26 AM |
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Well, I know that Chinese policies have a big impact on BTC prices. Because of the large amount of investors involved in the Crypto market, once they have unfavorable policies, Chinese investors will rush to sell their coin and will push altcoin prices lower.
I think still people from china is involved in cryotocurrency investment because people always find loopholes to make profits from anything.But their strict policies surely affect the bitcoin price little but but they have their own cryotocurrency so the people are getting engaged to the cryotocurrency market and make contribution but only they problem is it affects the bitcoin price. |
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XpanderaX
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April 22, 2018, 11:49:15 AM |
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I see it that way, China is a big country with great influence too. we all already know that the Chinese people are contributing huge investments to Bitcoin, and when China bans its people from playing Bitcoin, the price drops directly because investors from China sell their assets. therefore, I am here hoping that China can return to Bitcoin.
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Cult
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Enter the future of gaming
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April 22, 2018, 12:24:03 PM |
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I think the high concentration of big bitcoin mining pools is even more likely to affect the price of btc in the future. That's allegedly around 30%.
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cellard
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Activity: 1372
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April 22, 2018, 12:49:58 PM |
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They will probably create yet another fake dip for all newspaper nerds to fall into, then they will buy back the dip, further increasing their Bitcoin reserves. This is what governments have been doing ever since they learned the fact that they can' stop Bitcoin, only become bigger players on it. Case in point:  This is what governments do. They want your cheap coins. C'mon guys, wake up. |
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bozo333
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CryptoTalk.Org - Get Paid for every Post!
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April 22, 2018, 12:55:12 PM |
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I see it that way, China is a big country with great influence too. we all already know that the Chinese people are contributing huge investments to Bitcoin, and when China bans its people from playing Bitcoin, the price drops directly because investors from China sell their assets. therefore, I am here hoping that China can return to Bitcoin.
China is a huge supporting in Crypto market it is true but currently many countries are accepting the implementation of cryptocurrency so all the countries are create the great influence in Bitcoin. At the same time some regulations are possible because Bitcoin is decentralized cryptocurrency so any time it is affects to the economic status. |
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ololajulo
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Activity: 2226
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Chainjoes.com
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April 22, 2018, 01:05:59 PM |
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I hate the role the country is playing in the community. And everything they represent in the news are all lies. And the country is still holding a lot in the community while encouraging the process with some other factors like the cheap electricity in mining. I just wont like to see this continue
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carlisle1
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April 22, 2018, 01:12:36 PM |
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Were talking about september 2015 here guys,dont be over reacting..though we can see some throwbacks here. I hate the role the country is taking in the community. And everything they represent in the news are all lies. And the country is still holding a lot in the community while encouraging the process with some other factors like the cheap electricity in mining. I just wont like to see this continue
what do you mean by ALL LIES?what did this government do to you for this accusation?yeah i have no good sympathy in the Chinese government because they always make the market bothered but i dont get the lying issue |
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palle11
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April 22, 2018, 02:05:02 PM |
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Certainly it will affect price or it should affect it. If the amount of capital to be controlled by an individual or company is reduced, it will cause a reduction too in the investing power of the investor. Therefore, buying bitcoin will be limited and bitcoin price grows as a matter of demand but when demand is reduced, pricing too will be affected.
Anyway, after china ban ico and bitcoin did not die, most FUD from China afterwards, don't have any major effect on bitcoin price instantly unless other FUD from another dimension hit the media. So, this capital control might not affect the bitcoin pricing.
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airdagon
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April 24, 2018, 06:19:25 AM |
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Yes absolutely. Look how the news from China affects the price of bitcoin. And the Chinese use it.
China is very important in the world of cryptocurrency. first time, the time of china issue will close the price cryptocurrency suddenly plummeted and dropped drastically. precisely with the control of this capital, will greatly affect the price, whether it is up or down. |
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Jamescur
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April 24, 2018, 06:50:02 AM |
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The Chinese government has banned the ICO trade. But China is still developing blockchain technology!
China's digital encryption money investors are also many, they have a certain influence in the market of digital encryption money!
There were a lot of miners from China, and now they go to the outside of China for BTC digging!
China has an impact on digital cryptographic currency!
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fiulpro
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April 24, 2018, 06:58:24 AM |
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We all are pretty familiar with the last bubble brust from the 2017 when the Bitcoins were seeing government opposition and how the market declined in price, though it recovered really fast but it made sure that China does have an impact, any investor have an impact not just China even a small investor individually no Matter how minor it is.
It could really spark up the whole thing if the news is real n if people can find a hack.
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