After Chinese exchange comeback ?

[szpalata]

It's relative but I think their return will rather springboard the prices because it will be exchanging hands/wallets more frequently and that increased iage will create the necessary demand for a price rise.

[just_Alice]

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 doesn't seem like it had any impact on the price of BTC. At least no negative impact can be observed. Bitcoin's price is at $1,092 right now and this is close to the highest level in this year. But on the other hand we can't say that Bitcoin price rised a lot after the Chinese exchanges stopped withdrawals. So I don't think after they comeback we'll see a significant change.

[Kemarit]

I'm expecting a high volume of activities once the suspension of withdrawal
has been lifted. For sure a lot will make a withdrawals to probably transfer
their bitcoins outside of China. Or maybe others much just change their
bitcoin to fiat(Yuan) so the price of bitcoin might rise but just temporarily.
Prices has been stable I think in 1000 USD lately and I will at that even
Chinese make a run of bitcoin again. We just have to wait and see.

[talkbitcoin]

when Chinese exchanges come back after 1-2 months (if the suspension is not expanded) they will come back to $1300 at least and that means they have missed a lot of chance to buy bitcoin and join in the rise and if the rules are not changed they will join and price can even go higher.

but it is also worth mentioning that Chinese are still buying bitcoin with even more persistance. you can check out the volume on any other place than OkCoin,... such as localbitcoins,...

[talikila]

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 have the question like this. The price is rising up highly Maybe it's effected by chinese buying action.

[Idrisu]

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

After reactivation of withdrawal by those exchangers, I believe the bitcoin price will pump up. Currently without them, bitcoin is trading at 1,107 in the absence of those exchangers. With this  I think we should be optimistic about what is happening as regulatory authority is to serve as policing to crypto currencies.

[Paritor]

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.

The trading volume in the Chinese exchanges are smaller now.

[Ayers]

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.

The trading volume in the Chinese exchanges are smaller now.

still very high, only second to japan, fee ain't stopping chinese from buying, there is a huge demand currently, bitcoin is going really strong and the demand will bring more investors, japan instead have zero fee that's why is higher in volume

[lordquanta]

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 think this topic is more suitable in 'Speculations' section of forum.  Coming to the point raised,  we could expect big fluctuation in bitcoin market. We don't know how people will react once sanctions  will be lifted. If everyone starts dumping then steep fall in price is there. If trade resumes as it was earlier then prices will surge again. Lesser chances of price surge though.

[beerlover]

Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

[Pettuh4]

Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

That was precisely my assumption when I was discussing with a friend yesterday, it's going to double skyrocket and we are in for a pump and this time I hope it takes us to 1500$. So we are waiting in anticipation for the Chinese exchanges to resume hopefully in March.

[Zadicar]

Right now there is a huge hype on the bitcoin and that made the price shoot up and that is not because the Chinese
exchanges are paused. If Chinese exchanges make a comeback, I believe it would be more interesting as right now yuvan is not performing well. Hence we can expect double the hype to skyrocket bitcoin prices. I am honestly awaiting them to resume.

That was precisely my assumption when I was discussing with a friend yesterday, it's going to double skyrocket and we are in for a pump and this time I hope it takes us to 1500$. So we are waiting in anticipation for the Chinese exchanges to resume hopefully in March.

Nope we cant still be sure that bitcoins price would able to shoot up if those chinesse exchanges would comeback and we dont know or hold the minds of those bitcoin holders on that site if they would choose to sell out their bitcoin or just decide to hold a little bit more. Actually im expecting a dump on this one.

[hardtime]

The bitcoin price doesn't really seem to be having any issue at all when it comes to the entire meltdown of the Chinese exchanges, pretty insane when you think about it. Everyone on here thought that if this happened the bitcoin price would fall into disarray but I personally think since the stopping of withdrawals the price has went up.

We're going to be hitting all time highs, I just hope we don't go too insane with the increases.

It's relative but I think their return will rather springboard the prices because it will be exchanging hands/wallets more frequently and that increased iage will create the necessary demand for a price rise.

Going to have to agree with this, when they all come back it's just going to allow more demand for the same (relative) amount of bitcoin. The price will just continue on this upward trend.