China stimulus effect on bitcoin price

[abs350]

Reports recently about a new stimulus from China.

http://www.telegraph.co.uk/finance/recession/china-economic-slowdown/12063539/China-stimulus-hopes-lift-global-markets.html

How is this going to effect the bitcoin price? You think it will cause the price to go up or down?

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[Amph]

it's already causing it to go up, china will not stop here if they are really involved in this pump

i suspect a much better action for 2016, it can eaasily surpass 1200 and reach 2k-3k range, even ceo of some chinese company is believing this

[Rizky Aditya]

I think this will cause the price of bitcoin to rise. China is a key player in the bitcoin game, and they are one of the reasons for the bitcoin price increase.

[randy8777]

nothing new. most of the demand is comming from china. bitcoin is a great investment tool for chinese people. i only hope they don't turn out to be short term minded. that would be sad. i once was watching a documentary about chinese people and their way of investing in stocks. they take out mortgages and invest all the money in very risky stocks. bad investment style.

[Stedsm]

If it is going to affect the price in any means, it will just be a pump and dump, they will just fire up the markets with so many buy orders and throw the price up, then kick it off and dump on us. Nothing can be expected more from them.

[gkv9]

I think this will cause the price of bitcoin to rise. China is a key player in the bitcoin game, and they are one of the reasons for the bitcoin price increase.

True, let's hope it really turns out to be good for Bitcoins as they are the main performers when it comes to Bitcoins...
Read the article and can say that this might be the best scenario we may witness in these hard days...

[n2004al]

Reports recently about a new stimulus from China.

http://www.telegraph.co.uk/finance/recession/china-economic-slowdown/12063539/China-stimulus-hopes-lift-global-markets.html

How is this going to effect the bitcoin price? You think it will cause the price to go up or down?

I think that it will be any effect in the price of bitcoin every financial or economic move that can be made by Chinese Government. As for me bitcoin "he" is out of this kind or reforms. "He" is not part of the Chinese formal financial system and is in the hand of the simple people. This stratum of people is affected very few from this kind of reforms which are named otherwise macroeconomic reforms. Such kind of reforms have to do more with employment, formal national currency and other macro economical factors. Maybe can be some effect the change of value of Chinese yuan (the increase or decrease of its value in a significant percentage). But always maybe. Because, as I told above bitcoin is out of the above financial system and for more is a world currency. As such it is hard that only a portion of its users (even might are an important part of those) can affect in a considerable amount its price (changing it in more big amounts if the value of yuan will have big increase or the opposite case, affecting in this way the price of bitcoin). Anyhow China is the country of the big surprises. So it is not at all strange to have surprises even regarding bitcoin. Maybe they can fully regulate bitcoin and this can affect for sure its price. Increasing it.

[Meuh6879]

How is this going to effect the bitcoin price?

[Lucius]

China has some plan regarding BTC that's for sure and certainly will greatly affect the price of BTC next year as it has an impact these days.The question is, do they play in the long run or will in some way make use of BTC for their short-term needs.

[dumpida]

If it is going to affect the price in any means, it will just be a pump and dump, they will just fire up the markets with so many buy orders and throw the price up, then kick it off and dump on us. Nothing can be expected more from them.

There are many occasions of pump and dump of bitcoin. But the general trend is up. That matters a lot to us.

[rekinthis]

Reports recently about a new stimulus from China.

http://www.telegraph.co.uk/finance/recession/china-economic-slowdown/12063539/China-stimulus-hopes-lift-global-markets.html

How is this going to effect the bitcoin price? You think it will cause the price to go up or down?

oh, price change alot because of chine, 2 weeks it was 55$ more just because it, and personally i don't think that it will stop here, price now is 430$ so in next 2 months,  i hope that price will rise by 40$ just thanks to china and it's market

[BitsandBites]

I also believe the price is going to rise. Many chinese people invest in bitcoins and Chine overall impacts a lot on the market.
Let's see how it will turn out to be, hoping for the price increase.

[dumpida]

The miners are mostly Chinese. They are the net sellers of bitcoin. I think the Westerners are the buyers.

[talks_cheep]

Chinese are huge gamblers. If you've been to Vegas, you will know it is true, Chinamen everywhere in Vegas. I mention this because to Chinese bitcoin is something to gamble with in terms of speculation. So, with the new stimulus coming, at least some of the free money will be spent on purchasing bitcoins. Price rise is inevitable.