Positive news for Chinese players : We are going to see $2000 in March itself ?

[Omega Weapon]

They're also going to be blacklisting addresses - presumably because they think money laundering is going on. What happens to the coins owned by the blacklisted addresses? Will they seize them and auction them? Or dump them on another exchange?

It is this kind of thing that might give the SEC pause when deciding whether to approve the ETF.

Nobody can control any bitcoin addresses that are held by other people so they may blacklist some bitcoin addresses but owner can easily escape it by using multiple bitcoin mixer to send coins out from those addresses to new one and PBOC will have hard time to track all of those new addresses and at some point they may just stop tracking it.  

A government or a company dedicated to track bitcoin transactions are never going to give up trying to find new algorithms to try to link addresses so it is not as easy as you think.

[n0ne]

This close monitoring of the bitcoin transaction is same as that it get used in the banking. Recently Chinese government announced their stand in digital currency. Whether it's bitcoin or other digital currency they'll support it keeping their own currency stable. Because they have faced several times the fall in value of yuan in correspondence to the bitcoin growth.

[Kakmakr]

Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.

This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^

[Red-Apple]

Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.

This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^

Chinese traders moved out of the exchanges to other places only because these exchange platforms stopped their platform temporarily.

and even though they may never come back to the old exchanges to continue their trading there because they have already moved to other places but there is no other reason for not coming back!
it is like saying people won't trade Stocks because stock exchanges are regulated!!!

[iqlimasyadiqa]

This close monitoring of the bitcoin transaction is same as that it get used in the banking. Recently Chinese government announced their stand in digital currency. Whether it's bitcoin or other digital currency they'll support it keeping their own currency stable. Because they have faced several times the fall in value of yuan in correspondence to the bitcoin growth.

bitcoin is growing in the country of china. other than that china has a supporting resource. but now the government is still worried china visible against the use of bitcoin evolving beat domestic currency yuan.

[swogerino]

Closing monitoring 
What does that really mean? To turn a blind eye if they are doing what they were caught doing before?
For the sake on how they found how their currency the yuan suffered when they closed it up for withdrawals
They didn't know how influential bitcoin was on their own fiat currency was and they soon saw what the ripple effect was so they come up with this "No monitoring system"
How quaint.

[SaShiRaJaVu]

That's really some good news but of course every good news has a bad news also. Do you think if on 20th march for example the price reaches 2000$ people won't actually sell it. If you see currently there is a steady growth in the price and if there is a huge bump there is of course going to be lots of selling and the price will again come down.

That may not be necessarily true as there are more things that could influence the price at a later stage.The first thing i have to see is whether the volume will be back in those exchanges or whether people will be avoiding those exchanges as they did ban withdrawals without prior notification and i am sure people will think twice before trading in Chinese exchanges.

[Omega Weapon]

Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.

This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^

Chinese traders moved out of the exchanges to other places only because these exchange platforms stopped their platform temporarily.

and even though they may never come back to the old exchanges to continue their trading there because they have already moved to other places but there is no other reason for not coming back!
it is like saying people won't trade Stocks because stock exchanges are regulated!!!

But the difference is that bitcoin is not a stock, those that trade stocks know that every single thing they do is being monitored already by the government, but those that trade in bitcoin may not like the idea of their government monitoring them and as such will move to other platforms where the governments cannot watch them.

[U2]

Did you really think exchanges would be closed down?? I never believed that for a second! The 0.2% mandatory fee has clearly stopped a lot of manipulation because you can't just convert back and forth for free 10,000x a day with no worries.

[cakravothy]

i Think this now china trader still wait and see about result PBOC to china exhanger
so you can see bitcoin price in china exchanger still low and volume transaction is low too

[South Park]

PBOC cleared no banning of exchanges but only close monitoring. Does it mean we are going to see Chinese traders influencing bitcoin prices again. I really want to watch their exchange volumes to outnumber rest of world's.

https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official

Obviously Chinese traders and investors are going to be an influence but look at what happened without them bitcoin reached such high prices, so I hope this is the beginning of a lesser influence of the Chinese markets on the price of bitcoin for the next years.

[Monnt]

PBOC cleared no banning of exchanges but only close monitoring. Does it mean we are going to see Chinese traders influencing bitcoin prices again. I really want to watch their exchange volumes to outnumber rest of world's.

https://www.cryptocoinsnews.com/bitcoin-exchanges-wont-be-prohibited-will-see-strict-supervision-pboc-official

Obviously Chinese traders and investors are going to be an influence but look at what happened without them bitcoin reached such high prices, so I hope this is the beginning of a lesser influence of the Chinese markets on the price of bitcoin for the next years.

Bitcoin never needs manipulators but definitely needs investors. I believe OP must be meaning more players for investment purposes alone. By considering the population and potential of Chinese markets, I am also wishing them to join the party so that we could have huge price level in a very quick time itself.

[tk3609]

Did the Chinese exchanges allow bitcoin withdraws again? It was said, they are going to do it in march or so

[uki]

Well, how much the Bitcoin market can change in 10 days... Talking about $2k week and a half ago, now we have to watch out, if we will test $1000 level.
I wouldn't expect further rise by the end of the month, further ahead that is a different story.

[york780]

It was fun. Now we burn for it. bb bbb but mm moon 

[Marma Kalari]

Well, how much the Bitcoin market can change in 10 days... Talking about $2k week and a half ago, now we have to watch out, if we will test $1000 level.
I wouldn't expect further rise by the end of the month, further ahead that is a different story.

It is really difficult to predict the exact nature on how the market will react and what news will pop up with every negative news since the rejection by SEC was the time for the market to go down but it stood intact and after a couple of days it went down because of the talks about a hard fork and if that is the case a split may be inevitable like we see in ETH and that impacted the price,unless people come up with a better explanation that is the cause for the slide.

[Seansky]

I really don't think that 2000$ in march right now wouldn't be possible maybe if it was for a few months from now or years it might be possible but in march itself? I wouldn't think it would rise that high especially now that the month of march is gonna end soon. The chance of this happening though is only a little so don't expect this speculation to come true.

[leowonderful]

I really don't think that 2000$ in march right now wouldn't be possible maybe if it was for a few months from now or years it might be possible but in march itself? I wouldn't think it would rise that high especially now that the month of march is gonna end soon. The chance of this happening though is only a little so don't expect this speculation to come true.

Years seems a little rough considering the recent trends and historical trends Bitcoin has been in. Unless Bitcoin completely crashes it won't take years to hit 2000.

[stripykitteh]

I don't know if $2,000 Bitcoins is possible at this rate. It seems that the momentum of the price movement is going either sideways or downward only because of people letting their coins go due to the ETF for Bitcoin not being approved. Also with many Altcoins getting more expensive to purchase, people might dump Bitcoin for them. The price of Bitcoin isn't so bad though.

We'll see how things play out and try to hope for the price to go up in our favor.

[uki]

Well, how much the Bitcoin market can change in 10 days... Talking about $2k week and a half ago, now we have to watch out, if we will test $1000 level.
I wouldn't expect further rise by the end of the month, further ahead that is a different story.

It is really difficult to predict the exact nature on how the market will react and what news will pop up with every negative news since the rejection by SEC was the time for the market to go down but it stood intact and after a couple of days it went down because of the talks about a hard fork and if that is the case a split may be inevitable like we see in ETH and that impacted the price,unless people come up with a better explanation that is the cause for the slide.

well, it wasn't that unexpected to see a solid correction, after such a bull run. We made a new ATH, and stayed in the overbought territory for quite long, and then any bad news is a good excuse to cool down the technical indicators. Let's see how we rebound and then look back to these really 'bad news', if they still seem so bad, or was it just the impression at that very precise point of time.