After Chinese exchange comeback ?

[OmegaStarScream]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

[CyberKuro]

I think so, all of those delayed transaction for a month will cause massive withdrawal if they decide to.
Two factors may affect their decision, whether the regulations existence about bitcoin consider detrimental for them or they can not hold from the temptation of bitcoin price to make profits. they may have planned it before to sell out as soon as exchanges allow to withdraw.

[ArdiPrabowo]

after china exchange comeback and normal again
audit POBC china autorized to china exchanger is good result, and china exchanger norma again about volume transaction, depost and withdraw, bitcoin price can incraese high

[richardsNY]

I think people will just resume their usual routine of trading there, or they will just cash out their fiat and coins to make use of a different (outside China) exchange. I personally think we won't notice anything in the price in both cases. Especially now the sentiment an believe is making people prefer to hold their coins for a much longer period of time. It's not for nothing that the price kept holding strong above the $1000 level.

[pitham1]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

It might lead to higher demand for bitcoins. Right now, people who were unable to withdraw bitcoins were selling bitcoins and withdrawing CNY. For somebody who wanted bitcoins immediately, there was no way to get them. Even if he bought them at exchanges, he wouldn't be able to withdraw them. Once these curbs are withdrawn, I foresee a lot of people buying bitcoins.

[asriloni]

All of the things will run for normal in the future. I don't expect about the big dump will be happening. but the exchange activities will back to the normal before PBOC is restricting the exchange site. Because the market is always move and just cant use it for withdraw our money.

[michellee]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

maybe we see huge dump after chinese comeback but i hope its not a big decrease in price and maybe bitcoin price will be stable as there is much supply depend on demand. every possibility can happen and we only wait and see when the time is come.

i think chinese trader still make trading in their exchanges but they can not make withdrawals, their fund is hold in the exchanges until they can make withdraw.

[pooya87]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

most of the users of these exchanges who had any major amount had enough experience to withdraw all of it in the short couple of days window they had before they disable withdrawals. people you see now that are stuck there are small time traders with low amounts. in other words whales are out.

if and when the exchanges come back, not much is going to change. but depending on how the market reacts it can go both ways. we may see a new wave of FUD saying Chinese are dumping and we see another dip. or we can see another wave of hype saying China is back and is buying now and we see another short rise.

at this point it is hard to say. but in reality, what i said is happening and all those who went out, are already trading in other places. and some even buying OTC.

[digaran]

How many bitcoins were put on hold anyways? if it's less than 1000BTC nothing will change what so ever but more than 1kBTC could have some short time and small volume impact, as I understand they are giving an option to their clients to sell and withdraw which is somehow ridiculous and they could have done that already.

[virasog]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

maybe we see huge dump after chinese comeback but i hope its not a big decrease in price and maybe bitcoin price will be stable as there is much supply depend on demand. every possibility can happen and we only wait and see when the time is come.

i think chinese trader still make trading in their exchanges but they can not make withdrawals, their fund is hold in the exchanges until they can make withdraw.

There can be a dump but not much big. People will rather than dumping bitcoins will only move to another exchanges where withdrawal cannot be banned. Maybe they can use localbitcoins to convert to cash if the exchange dont support it. So its better to keep in wallets and use local bitcoins.

[Reid]

No, i dont think there would be a huge dump.
Yes they froze the withdrawals but still when they go back they would still see the better price.
If I would be in their position that is a lot more reason to stay.
Besides it isn't that much right? So I dont think that is a reason to leave.

[Risackwpsp]

I don't think they will come back, the stop withdraw may forever. 

[Xester]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

If they come back again they could no longer fabricate fake volumes since PBOC is in constant watch and they can no longer afford to be caught violating the regulations that will lead to their closure. Another thing even if Chinese bitcoin exchanges open today there will be no significant impact on bitcoins since they have no longer that huge volumes to manipulate bitcoin price.

[usefrees]

I am sure that after the exchange opened, users will massively withdraw their assets. Then they just start to trade on other markets, where there is strict legislation

[Qartersa]

I thin it will really affect the whole market, the moment the chinese trading platform allow their users to withdraw. I think current users will for sure be moving their funds away from those platforms for fear of the event happening again. This, however, will not improve supply of bitcoins. I don't think they will sell their bitcoins but they will just move it elsewhere.

[xuan87]

I can't wait to see Chinese back to the bitcoin world, they are going to give a huge impact on the market and for sure they are going to elevate the price, and within more user it will be more potential to grow into a bigger community and I think Chinese bitcoin user really gives a good impact for all bitcoin users

[ged00u]

The government has set up the plan to destroy the Bitcoin and I believe once investors can withdraw their Bitcoin, they will sell them all. In general, they will understand that holding Bitcoin is not as good as it used to since government is trying to prevent them from using this currency. There is only a small possibility that the Bitcoin prices will increase

[s0nix]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

I also don't think it comes a big dump, but who knows.
Some dates for ICOs have been postponed.
On the other hand, big medias like Cointelegraph will write Chinese are back, maybe there will be another run on Bitcoin?
But all just speculation at the moment.

[Slark]

The government has set up the plan to destroy the Bitcoin and I believe once investors can withdraw their Bitcoin, they will sell them all. In general, they will understand that holding Bitcoin is not as good as it used to since government is trying to prevent them from using this currency. There is only a small possibility that the Bitcoin prices will increase

After series of interventions Chinese traders are beginning to understand this.
I read some news and Chinese speculators said they no longer trust in Chinese bitcoin price, and instead use Bitfinex to determine value of BTC.
They also will switch to p2p trading and avoid centralized exchanges in the future.

[BrewMaster]

Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?

they will surely be a rise not a drop! because they disabled "withdrawal" not deposit nor trades.
anybody who wanted to dump or deposit and dump has already done it. and when they comeback to work that would be the end of all the FUD and comeback of one of the bigger exchanges and we all know that newbies panic buy in these situations which means a price rise.