How China may Hasten Ethereum’s Price Surge

[bbc.reporter]

I agree that China will help hasten Ethereum's price to rise up above 200 dollars but with a different reasoning than the writer of the article. There was already someone who mentioned in another article that 99% of people who are involved with bitcoin in China are speculators. It might be safe to conclude that it will be the same with ETH. If speculators are many then we should the price to be pumped to new highs.



Educational and financial bodies are not only those engaged in the promotion of Ethereum in China. Local Blockchain research outfits and consortia sanctioned by China’s bureaucracy also lead development initiatives and innovation of this crypto currency.

One example is the Jiangsu Huaxin (JBI) Blockchain Research Institute. JBI has been given authority by the Chinese provincial government to endorse and spread adoption of the framework called Enterprise Ethereum Alliance or EEA across the whole country. It collaborated with businesses and consumers in the region for this purpose.

At the moment, JBI is concentrating primarily on technology apps related to the Blockchain along with training of personnel. The institute employs some 30 researchers and developers who work solely on ETH. They were responsible for the translation of Enterprise Ethereum Alliance to the Mandarin dialect. It is obvious JBI will soon become an Ethereum Ecosystem powerhouse and foundation for other companies outside the PROC.

Read the whole article https://www.crypto-news.net/how-china-may-hasten-ethereums-price-surge/

[MacT]

 Never wise to plan your invsetments based on mights or maybes. China might maybe also freeze all coins again at any time like before.

[I Am Hero]

the first fact of the matter is that their 3 biggest exchanges don't even have ethereum listed, LOL.

also i find it interesting that when it comes to bitcoin and China, everyone says China is dumping the price and doesn't let it rise.
but when it comes to a big ICO coin like ether the news sites say China will raise the price!

so make up your mind people, Chinese are either pump and dumpers that will dump the price or they are good for cryptocurencies, they can't be one for one coin and the other for another coin!

and no my opinion is the chances of Chinese getting involved with this coin are small because they don't want something they can not control and with a coin like this which is controlled by others, meaning those with the ICO coins aka manipulators the Chinese have no chance.

[bbc.reporter]

 Never wise to plan your invsetments based on mights or maybes. China might maybe also freeze all coins again at any time like before.

Is China's central bank still banning the deposits and withdrawals of cryptcoins in their country? Maybe the writer of that article did not put that into consideration.

Another cryptocoin that will suffer from that ban is QTUM. Most of their investors come from China.

[European Central Bank]

did this moron not notice that there isn't one single exchange in china that works? and it's quite possible there never will be again. what was a 1 month shutdown is now over 4 months.

[g___]

Never wise to plan your invsetments based on mights or maybes. China might maybe also freeze all coins again at any time like before.

ever hear the quote "buy the rumor, sell the news"?

[shyliar]

 Never wise to plan your investments based on mights or maybes. China might maybe also freeze all coins again at any time like before.

Is China's central bank still banning the deposits and withdrawals of cryptcoins in their country? Maybe the writer of that article did not put that into consideration.

Another cryptocoin that will suffer from that ban is QTUM. Most of their investors come from China.

The withdrawals are supposed to start again in June; but, I don't think anything can be taken for granted. If this happens it should be interesting to see the effect on both LTC and BTC because the current increases in price had nothing to do with China and are primarily a western thing.

It seems to me that the BTC price was potentially easier to pump in the west with so many coins tied up by the chinese exchanges. Once these coins can be moved again I have no idea what will happen price wise. The china markets may want to catch up creating a price increase or the availability of so many more coins might move the price down. Like all things crypto anything can happen.

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

[bbc.reporter]

@shyliar. The Chinese traders and speculators might have realized by now that without them truly in the market, bitcoin has made new highs. Maybe they will finally accept that dumping now for short term profit is not a good strategy and they might continue holding and maybe also buy more. Let us see this June.

[jane418]

it's very close to $200 now, and I believe it will break $200 very soon, probably tomorrow

[btc_angela]

Maybe the Chinese has given up on Bitcoin. They can't manipulate the price of bitcoin now because they have been found guilty doing it. And now that Japan is the number 1 country in terms of trading volume, the Chinese think that they should look for altcoins instead and choose Ethereum now and try to see if they can manipulate it the same way they did to bitcoin before.

[bbc.reporter]

it's very close to $200 now, and I believe it will break $200 very soon, probably tomorrow

Not tomorrow but maybe within 3 months. It is also have a market capitalization that is almost half of bitcoin. Will we finally see the new king of the cryptospace? Has Vitalik created something so great it will become the dominant cryptocoin? There are many businesses supporting ETH and has formed the EEA.