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hulla
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February 27, 2017, 02:25:10 PM |
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With the People's bank of China interfering heavily into the bitcoin atmosphere the power/control of the Chinese is surely diminishing. A handy tool though of where bitcoins are transferred to can be found on http://fiatleak.com/ there you see where coins are spent and used. With the ETF happening a lot of non-chinese money will be invested into Bitcoin which I hope will create stability and less volatility. so you mean when there is a lot of non-chinese money come to bitcoin investment, there will be a less volatility? i don't think so , the volatility will always there exist , chinese will still in action but they will never ever control the bitcoin market , anyway the vote result so far : Yes - 168 (48.1%) No - 181 (51.9%) Total Voters: 349 Yes, the volatility will always there exist and the Chinesse will still be in power concern the mining sector. But will won't be good a country have 58% power to all the 21million bitcoin will have in world. |
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deisik
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February 27, 2017, 07:05:13 PM |
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I don't really think that zero fees could somehow contribute to price manipulation
They might (and likely do) contribute to more volume as well as narrowing the spreads, but I can't possibly see how they would make price manipulations easier to perform. If we take 0.2% trade fees as the basis, then at the price of Bitcoin equal to 1,000 dollars per coin, this percentage would amount to just 4 dollars (0.2+0.2=0.4x1000=4). We will just see the spread widening, but that's pretty much all. Manipulations usually happen in the range of dozens (or even hundreds) of dollars, so 4 dollars are actually nothing in this regard. Anyway, I would like to hear your arguments and explanations how zero fees could make them possible
One example is where you make use of the 'stupidity' of bots that will constantly pop up and place orders above your order, which you use to sell into. In that case you can scoop up profits of +0.10% in a matter of seconds. Usually these profits are peanuts, buts since tranding fees don't apply they are a more than welcome bit of profit that just take HFT a second or two at most. Do that x100/500 times a day and you'll be doing extremely well I might agree to that (though I didn't thoroughly think over that). But this has nothing to do with price manipulation (as it can be associated with low or zero trading fees) Another example is that they have no problems dumping the price down, where they fill up the buy side of the orderbook with mostly their own orders, and dump thousands of coins at once to trigger panic sellers and stop loss orders that will sell into their buy orders. After that they do exactly the opposite and fill the sell side of the orderbook with their own orders, and start buying the price up and have people buy through their sell orders This doesn't make sense altogether You seem to be contriving your "examples" on the fly, without doing a proper reality check on them. Really, why would they need to place buy orders if they wanted to bring the price down by instigating panic selling? Simple trading wisdom tells us that panic selling could be more easily triggered when there are in fact less, not more buy orders in place. It is basically the same when manipulators want to trigger panic buying, i.e. cleaning the sell side will make it a lot easier. So why should they ever want to place sell orders? In any case, this has nothing to do with trading fees as such (at least, as long as they remain low, at their current level of 0.1-0.2% per trade). Adding trading fees leads to wider spreads basically equal to their size (doubled) plus profit margins most traders are happy with, but that's pretty much all they do |
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cryptoblazter
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February 27, 2017, 10:51:45 PM |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
Actually I'm not thinking about that, for all what important to me is as long as the features of bitcoin is being applied for the individuals the demand huge volume is still in the hand of the majority. And I don't think China has an ability to control bitcoin, no it won't due to bitcoin decentralized, always keep that in mind. |
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shinratensei_
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Leading Crypto Sports Betting & Casino Platform
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February 27, 2017, 11:51:11 PM |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
Actually I'm not thinking about that, for all what important to me is as long as the features of bitcoin is being applied for the individuals the demand huge volume is still in the hand of the majority. And I don't think China has an ability to control bitcoin, no it won't due to bitcoin decentralized, always keep that in mind. Before the PBOC investigation. - Zero fees - A lot of the fake volumes - The condition of bitcoin is unstable After PBOC investigation - The fees has applied - Removing the fake volumes - The bitcoin is really strong right now. |
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shinratensei_
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February 27, 2017, 11:51:53 PM |
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Almost. Major pools and miners are china.
Chinese is not the houses of bitcoin. US is correct in my opinion. |
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giveen
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February 28, 2017, 12:18:47 AM |
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Almost. Major pools and miners are china.
Chinese is not the houses of bitcoin. US is correct in my opinion. Nah for now china is the house of bitcoins. And regarding the question china isn't exactly controlling the price of bitcoin it is just taking tha advantage that most bitcoin holders are Chinese itself and you can't blame them for this, they have done this in past with gold if you all remember |
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LLec
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February 28, 2017, 12:34:39 AM |
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No..not anymore. I will say that Japan will be the rightful contender to be and more than likely be the new china when it comes to who is controlling bitcoin. Isn't it fitting really? With a name like Satoshi Nakamoto being the creator of the most exciting cryptocurrency ever created?  |
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clickerz
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February 28, 2017, 12:46:27 AM |
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No..not anymore. I will say that Japan will be the rightful contender to be and more than likely be the new china when it comes to who is controlling bitcoin. Isn't it fitting really? With a name like Satoshi Nakamoto being the creator of the most exciting cryptocurrency ever created? I agree with you that China is not in control not anymore or even losing it. With the happenings in the past months,it seems China is losing its control with bitcoin. Japan is legalizing now and some country are following suit like Philippines, meaning some other country are upgrading there bitcoin portfolio.Europe is also joining the race  |
Open for Campaigns
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2legit2
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February 28, 2017, 12:54:48 AM |
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China will keep getting most of the hashing power as long as its profitable to do so, and this coupled with the fact that no one is still competing against them will keep making the China monopoly bigger, but Andreas says that we will see new technology developed that will decentralize mining again.
well of course they will do that, I mean it is a pretty rich country that can invest a lot of money into mining first of all because they can easily get nearly free power besides that they can create their own hardware, though I have to argue that it is controlling bitcoins, even though they have a lot of impact bitcoin is controlled by everyone in the world who owns it and that's how it will always be. |
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Greentree
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February 28, 2017, 12:57:17 AM |
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china is not the only country uses the bitcoin which means if they wont work through it out bitcoin will continue and wont die so china has no control of it.
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agamasrori
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February 28, 2017, 01:49:41 AM |
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china is not the only country uses the bitcoin which means if they wont work through it out bitcoin will continue and wont die so china has no control of it.
Russian state now also are beginning to accept bitcoin, there are some companies there that allows citizens to Russia to pay the phone bill and internet use bitcoin. I'm sure if china releasing bitcoin, the largest bitcoin control will switch to the Russian, American, or Japanese. |
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Mia Wallace
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February 28, 2017, 04:12:11 AM |
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Almost. Major pools and miners are china.
If you look carefully there are huge miners and pool outside China too and i really do not accept that a Country is controlling the price of bitcoin or influencing bitcoin ,if you really invest your time and money into bitcoin and if the share is larger than the rest then you can really control it. |
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HadiHussain
Newbie
Offline
Activity: 27
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February 28, 2017, 05:00:40 AM |
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China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
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I Am Hero
Member
Offline
Activity: 81
Merit: 10
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February 28, 2017, 05:04:43 AM |
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China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
have you been sleeping for the past month? the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before. |
Buying Bitcoin like a Boss
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Mr.grin
Legendary
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Activity: 1218
Merit: 1000
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February 28, 2017, 05:44:18 AM |
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China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
have you been sleeping for the past month? the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before. Well, after china exchange market is down, I think china is not so influential in the world of bitcoin. Well, I think that when exchanger china down, into a bitcoin prices plummeted, however, it did not happen. I think China is not in control strong again today. |
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Soul Reaper
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February 28, 2017, 05:56:24 AM |
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The Chinese government got wind of the financial shift in the markets and countered, making Bitcoin persona non grata when it came to banking and regulatory authority. They have also censored Bitcoin rallies and conferences, to keep a lid on Bitcoin’s publicity and level of interest nationwide. Coupled with the Mt. Gox collapse, this started a financial market crash that only now Bitcoin is starting to recover from. This is just a taste of the power China can exert on ANY financial market within a matter of months.
Oddly, restrictions were either navigated around or lessened, and Bitcoin is not seen as an insurgent threat to their national currency, but an online commodity to be traded. Throughout 2014 until the current day, China has increased and maintained a massive market share in Bitcoin. According to global financial giant Goldman Sachs, currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since Q4 of 2013, when Bitcoin prices exploded almost overnight. It’s like a light came on; Bitcoin was seen as available for purchase, and a stampede that would make Wal-Mart on Black Friday blush began. You can see below Bitcoin was almost exclusively a US Dollar investment from the beginning, but the US Dollar has faded fast since Chinese found out about it.
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Adelajda
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February 28, 2017, 02:31:04 PM |
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China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
have you been sleeping for the past month? the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before. Well, after china exchange market is down, I think china is not so influential in the world of bitcoin. Well, I think that when exchanger china down, into a bitcoin prices plummeted, however, it did not happen. I think China is not in control strong again today. When the volumes in Chinese exchange reduced because of their new rules and implementation people started forgetting that fact that people were crying out loud that China was controlling the coin,now people will find a new high volume exchange and start complaining that country for controlling the coin. |
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soul-impact
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February 28, 2017, 02:34:01 PM |
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China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
have you been sleeping for the past month? the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before. Well, after china exchange market is down, I think china is not so influential in the world of bitcoin. Well, I think that when exchanger china down, into a bitcoin prices plummeted, however, it did not happen. I think China is not in control strong again today. When the volumes in Chinese exchange reduced because of their new rules and implementation people started forgetting that fact that people were crying out loud that China was controlling the coin,now people will find a new high volume exchange and start complaining that country for controlling the coin. the exchange volumes are all fake. They make it up in order to scare other countries. Damn. I can not believe that they dare to do this job. However, I have to admit that they have some particularly impacts on Bitcoin and the Bitcoin prices can be easily damaged by their moves. Moreover, most of the mining farm located on their countries and not only bitcoin mining but also altcoin mining |
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Latviand
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February 28, 2017, 07:22:39 PM |
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China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
have you been sleeping for the past month? the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before. Well, after china exchange market is down, I think china is not so influential in the world of bitcoin. Well, I think that when exchanger china down, into a bitcoin prices plummeted, however, it did not happen. I think China is not in control strong again today. When the volumes in Chinese exchange reduced because of their new rules and implementation people started forgetting that fact that people were crying out loud that China was controlling the coin,now people will find a new high volume exchange and start complaining that country for controlling the coin. the exchange volumes are all fake. They make it up in order to scare other countries. Damn. I can not believe that they dare to do this job. However, I have to admit that they have some particularly impacts on Bitcoin and the Bitcoin prices can be easily damaged by their moves. Moreover, most of the mining farm located on their countries and not only bitcoin mining but also altcoin mining The exchange volume there are more real now as they charge trading fee. |
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ICO INVESTOR
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March 01, 2017, 05:44:35 AM |
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The big miners are present at China they are able to manage and affect bitcoin price
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