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Author Topic: China is coming back to the game, moon?  (Read 2427 times)
serjent05
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May 12, 2017, 05:31:28 AM
 #21

so it seems like Chinese exchanges fate are finally coming to a conclusion. the AML laws soon to be applied to these exchanges and they say Withdrawals will possibly start in June.

so how do you think this affects the whole market, with all the Chinese big exchanges being out of the game and now a lot of hungry Chinese traders coming back with their price being much lower than USD value (practically free bitcoin at this point).

currently ~10100 CNY = $1,463.25

link: http://www.newsbtc.com/2017/05/10/chinese-bitcoin-exchanges-may-resume-btc-withdrawals-june-new-regulation-introduced/


"Buy the rumor, sell the fact". What if the current "steady grow" is just a pump before the Chinese coming in; and then the dump will happen?
I don't like to be on the same with Kwukduck but watching your back never hurts.
Bitcoin had a great rise lately and sooner or later it will need a correction.

It is true that in every price surge there is always a massive dump behind, sincfe we believe it is a hype that cause bubbles.  But looking at the current situation, there is really a reason why Bitcon price is increasing.  There are several good news regarding bitcoin adoption, Japan, India, China, and other countries that is so positive about BTC.  And considering the line ups of Big player in Japan, I think the crash won't happen anytime soon.

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ekoice
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May 12, 2017, 08:38:01 AM
 #22

I don't think China can easily retain the lost control that China had over bitcoin in the past. China once made the fake volume to generate the market value which too made it downfall in their​ own economy. Right now without any external influence the price move is quite good and will reach peak values.
Definitely,even if they return,they will not be able to gain control ovr the market as before.If they try to dump the price by selling their bitcoins at lower price,then they would end with loss of their holdings as people all over the world are well aware of bitcoin's potential.
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May 12, 2017, 08:59:00 AM
 #23

I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).

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May 12, 2017, 11:11:22 AM
 #24

I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).

however strict their AML is going to be, it won't be stricter than AML they have on their Forex markets or other markets they have.
and all the fines, etc are going to be on the exchange not the traders.
but obviously many may not be active or as active as before in China because of this, but at the same time Chinese are known to be big traders, it doesn't matter if it is USD, EUR, Gold, Stocks, ... they are trading or it is bitcoin!














 

 

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May 12, 2017, 09:45:21 PM
 #25

I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).
I think they are going to comply no matter what they want the profits bitcoin can bring and that they cannot find in any other place.

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May 13, 2017, 03:01:30 PM
 #26

I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).

I believed that PBoC will imposed a tighter regulations on Chinese exchanges this time. That have already penalized them for fraudulent activities and I don't think they will violate it again. Because a second violation will mean a closure order. So this might also influence big Chinese traders to whether  engaged again but this time in a legal way or totally moved out of bitcoin trading.

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May 13, 2017, 03:08:11 PM
 #27

Why is it always the Chinese? How about the other race?
They dont own the world. They are just making a big fuss all over the world and that's it.
They're people dont even want to stay at their own country for banning almost everything.
Even "if" they do have the largest amount of bitcoin in the world that doesn't matter.
There will be a point that they can just make a wave by selling it then what is next?


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May 13, 2017, 03:36:41 PM
 #28

I heard that bitcoin trading in china moved from centralized mega exchanges OKCoin, Huobi and BTCC to more p2p trading.
Sure, it was dictated by the fact that exchanges were not working 100% but now it is hard to tell if all traders will go back.
Instead moon, we could see a reverse situation and Chinese holders will liquidate their long BTC positions.
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May 14, 2017, 04:07:11 AM
 #29

so it seems like Chinese exchanges fate are finally coming to a conclusion. the AML laws soon to be applied to these exchanges and they say Withdrawals will possibly start in June.

so how do you think this affects the whole market, with all the Chinese big exchanges being out of the game and now a lot of hungry Chinese traders coming back with their price being much lower than USD value (practically free bitcoin at this point).

currently ~10100 CNY = $1,463.25

link: http://www.newsbtc.com/2017/05/10/chinese-bitcoin-exchanges-may-resume-btc-withdrawals-june-new-regulation-introduced/


i'd like to think that even if the country of china ends up banning bitcoin leading to massive amounts of btc being sold at a far cheaper rate then current value it wouldn't hurt the bitcoin network so bad as too ruin bitcoin for all. However, i do not know enough about consequences of bitcoin trading either having tons of new buyers at current value or having tons of new sellers selling at a 10th of the value. this is still something ive got to learn more about before being able to make an accurate decision based on proper knowledge of what would happen. That being said, i love bitcoin and don't want to see it crash, those reasons not being solely based on financial gain. I think that bitcoin could help not just each of us individually or financial but also collectively( including entire population of earth one day, maybe.) to reach more level ground on social standings.

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May 14, 2017, 04:16:10 AM
 #30

I heard that bitcoin trading in china moved from centralized mega exchanges OKCoin, Huobi and BTCC to more p2p trading.
Sure, it was dictated by the fact that exchanges were not working 100% but now it is hard to tell if all traders will go back.
Instead moon, we could see a reverse situation and Chinese holders will liquidate their long BTC positions.

In a short they can't make the big market move, because even now more bitcoin exchanges were not allowed to make transactions as well withdrawal once after the fake volume issue to make market moves and gain good earning. So by the years to come Japan might go far than China due to its recognised usage.


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May 14, 2017, 05:26:22 AM
 #31

I heard that bitcoin trading in china moved from centralized mega exchanges OKCoin, Huobi and BTCC to more p2p trading.
they are still trading on all those exchanges despite not being able to deposit/withdraw. you can see the high volumes which still exist.
but you are correct that they have moved to a more p2p option.

Quote
Sure, it was dictated by the fact that exchanges were not working 100% but now it is hard to tell if all traders will go back.
why won't they come back?
a regulated exchange is 100 times better than an unregulated exchange which nobody is looking into. they can no longer do anything fake, illegal, and they can no longer scam and run away as easy as before.
and more people will trust a regulated place than an unregulated one. just like Forex places.

Quote
Instead moon, we could see a reverse situation and Chinese holders will liquidate their long BTC positions.
again i don't see why would they do that, as OP has also pointed out price of bitcoin is extremely low in CNY.

you are saying "traders have waited this long, held their coins and not sold, waited until all the problems are solved with the exchanges, they come back under regulation laws and safer than before and then they sell". i don't know but that doesn't sound like a logical action to me.

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May 14, 2017, 05:47:52 AM
 #32

so it seems like Chinese exchanges fate are finally coming to a conclusion. the AML laws soon to be applied to these exchanges and they say Withdrawals will possibly start in June.

so how do you think this affects the whole market, with all the Chinese big exchanges being out of the game and now a lot of hungry Chinese traders coming back with their price being much lower than USD value (practically free bitcoin at this point).
It is highly expected at the end of China's bitcoin exchanges related regulation will lead to more massive adoptions among Chinese people as they will not be having any legal hurdles to get themselves into bitcoin trading. Already Chinese investors are fed up with weak performances of yuvan, they are all looking for moving their investments into different sectors, for them bitcoin may become more preferred one.

I am so confident, China will join the party to take prices to another levels like $5000, because no one could forget their contribution by end of 2016 to take prices around $1000.
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May 14, 2017, 06:13:11 AM
 #33

I do consider the recent price rise is mainly because majority of the coins were stuck in Chinese exchanges and there was a shortage with the increasing demand and may be that is the reason for the price of bitcoin to raise this much,because in the past the Chinese managed to control the price with their huge volumes and would drive the price down,but this time around they could not do anything and so is the reason we did not see any major correction after the exchanges banned withdrawals.














 

 

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Utrine
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May 14, 2017, 06:55:09 AM
 #34

I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).

I think so. The Chinese market will not gain its former leading in the near future.
mikenz
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May 14, 2017, 07:48:45 AM
 #35

Quote
they are 40-45 % of the market.

No they're not.

In the brief period when they were operating with fees they were just another player among many others. China was quickly exposed as the mirage it is. Them getting shut down was the best thing that's happened to this market in years. There's absolutely no way it would be where it is if China had been allowed to continue operating as it had.


Yes they are. When they where running unregulated, everybody assumed they are leading the market and the wrong charts showed stg. like 70 -90% market share and everybody here on the board screamed oh China. Then the data during the period when the PBOC regulation finally started showed they have a little less than 50 % market share. I posted that chart somewhere back then. Check you facts. So they are not leaders. but are definitely significant. Its a 1.3 Billion population with much stronger attraction to new technologies than the west. It would be naive to believe they cannot influence the market.
elite3000
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May 14, 2017, 08:04:40 AM
 #36

Moon with or without them.

We are just a few millions, so doesn't take much for a big rise in price. Good without them, even better with them

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May 14, 2017, 10:00:26 AM
 #37

I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).

I think so. The Chinese market will not gain its former leading in the near future.

This means that we shouldn't make any early conclusions, we can just guess what will be their decision in the end. Chinese are aware what is happening in the world, and that will make affect on their decision for sure. They have a choice to go forward or backward we will see their decision.


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May 16, 2017, 02:12:54 AM
 #38

so it seems like Chinese exchanges fate are finally coming to a conclusion. the AML laws soon to be applied to these exchanges and they say Withdrawals will possibly start in June.

so how do you think this affects the whole market, with all the Chinese big exchanges being out of the game and now a lot of hungry Chinese traders coming back with their price being much lower than USD value (practically free bitcoin at this point).

currently ~10100 CNY = $1,463.25

link: http://www.newsbtc.com/2017/05/10/chinese-bitcoin-exchanges-may-resume-btc-withdrawals-june-new-regulation-introduced/

I don’t know about that, to me it seemed that the Chinese tried to keep the price of bitcoin low, and now they have been out of the game for some time, the price of bitcoin reached new all time highs, so to be honest I don’t want them in the game anymore.

.

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RoommateAgreement
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May 16, 2017, 03:29:36 AM
 #39

China has always been a very big market, even without all the fake volume they are still big. with a huge population and a lot of people who are interested in bitcoin and also trading they will always be big.
now that their major exchanges are closed a big part of bitcoin demand is out of it in my opinion and if they come back in June there will surely be a big rally for bitcoin. even if it is only partly coming back with much smaller volume.


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Yakamoto
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May 16, 2017, 04:22:42 AM
 #40

China has always been a very big market, even without all the fake volume they are still big. with a huge population and a lot of people who are interested in bitcoin and also trading they will always be big.
now that their major exchanges are closed a big part of bitcoin demand is out of it in my opinion and if they come back in June there will surely be a big rally for bitcoin. even if it is only partly coming back with much smaller volume.
I can see there being a rally in the future when they start to come back but if the Chinese start to crack down on it in the same way they have been it might wane some prominent investors from China from returning. We have to wait on China to warm up to the idea of having their people gain access to more free markets, but if they really don't want to there's little that can be done.

Rally or not, China is slowly being replaced by other countries. An almost welcome even in my opinion.














 

 

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