The Chinese come back.... Moon?

[talkbitcoin]

so my suspicions were true.

ever since the news came out the volume coming from China has picked up and now the 24 hour volume is even higher than USD markets according to bitcoinwisdom.com

and the price has actually caught up with the rest of the world. currently bitcoin is worth 15850 CNY which is equal to 2300 USD which is nearly the same everywhere.

by the time the news came out there was about a $300 gap which is now gone.

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[Kakmakr]

True, but I think this will have less of a impact as was previously speculated. You have to remember, Bitcoin users just moved over to other platforms, when the Chinese government started to intervene. You can say, they went under the radar for a while.

The Chinese government should not have been that aggressive, but I think the Chinese Bitcoin users handled it very well under the circumstances and they are moving forward again. We will see a lot more of this in the future, this is only the first round. ^sad^

[UnDerDoG81]

Until the next China ban comes. How many times will they do this?

[olushakes]

so my suspicions were true.

ever since the news came out the volume coming from China has picked up and now the 24 hour volume is even higher than USD markets according to bitcoinwisdom.com

and the price has actually caught up with the rest of the world. currently bitcoin is worth 15850 CNY which is equal to 2300 USD which is nearly the same everywhere.

by the time the news came out there was about a $300 gap which is now gone.

I don't see anything special here because any increase in price is not always uniform across board at once. Its is a gradual process before it circulate throughout the exchange sites and its because every site will want to be sure that the price is at least stable in the short term before implementing and also to avoid spread trading by taking advantage of the difference if pricess.

[VanDeinsberg12]

But the japan and korean market still being the leader for the bitcoin market. Chinese less on his impact for the bitcoin market. Remember if chinese gets monitored by the PBOC in this time. And they will same as another exchange site.

[Pursuer]

Until the next China ban comes. How many times will they do this?

nobody cares anymore!
the Chinese never really had any real effect despite have a big market over there. their real volumes have always been like the USD markets if not less but people always used them for their FUDing purposes to hype up the price or cause panic sells.
them coming back will bring that real volume back and a considerable size of demand, nothing more.

right now as others have said the Japanese volume exceeds all of them. the adoption there is exploding to the moon

[jamyr]

Until the next China ban comes. How many times will they do this?

nobody cares anymore!
the Chinese never really had any real effect despite have a big market over there. their real volumes have always been like the USD markets if not less but people always used them for their FUDing purposes to hype up the price or cause panic sells.
them coming back will bring that real volume back and a considerable size of demand, nothing more.

right now as others have said the Japanese volume exceeds all of them. the adoption there is exploding to the moon

How did it get to this point wherein Japanese, smaller market potential, tops over China?

[talkbitcoin]

Until the next China ban comes. How many times will they do this?

to be fair there was never any "bans" in China. they just prevented a couple of  unregulated, illegal third party platforms that were illegally running a business handling millions of dollars daily.
in real world when you are running a business with fiat, you have to follow the fiat world rules and that means regulations.

and not to mention all the money laundering these exchanges were doing before the current regulations.

but now that they are back, they are under regulation and can no longer do their shady stuff.

How did it get to this point wherein Japanese, smaller market potential, tops over China?

that is what "real adoption" does. when the Japanese government gave their people the green light of "bitcoin is a legal method of payment" everyone rushed to buy it and if you check the news you can see a lot of businesses are starting to accept bitcoin these days from Japan.

so it really isn't "smaller potential" at all!

[YuginKadoya]

Even if they had the most volume of bitcoin it doesn't mean that the spikes of increase in bitcoin are always because of them and right now Japan and Korean are doing a good job in pumping up some volume on bitcoin, I can only imagine that right now seeing the value of bitcoin pump so much fast

[Kemarit]

But if you think they can go back and just manipulate the price, unlikely now. Japan has trading bitcoin ever since they embraced and because the no. 1 nation now in term of trading volume. Also South Koreans are also going crazy and even some of their exchanges has higher premium as compared to other exchanges. Of course we love the Chinese for what's its worth. But what I don't like about them is the fake volumes they doing before. But since Japan is now the leading nation in terms of trading volume. The impact of the Chinese will be limited now.

[matrix zion]

DOn't know if it's the Chinese.

They have lost some... Influence in the btc world

But what's sure is the moon part! God I don't even understand what's happening right now xD

[Dimelord]

so my suspicions were true.

ever since the news came out the volume coming from China has picked up and now the 24 hour volume is even higher than USD markets according to bitcoinwisdom.com

and the price has actually caught up with the rest of the world. currently bitcoin is worth 15850 CNY which is equal to 2300 USD which is nearly the same everywhere.

by the time the news came out there was about a $300 gap which is now gone.

Chinese come back would definitely have an impact on the volume and price of bitcoin.But things have changed now.Bitcoin environment is no more dependant on chinese investors.Japan has got the first place in creating positive impact on bitcoin.Any way,chinese return would definitely add some fuel to the fire.

[iqlimasyadiqa]

This is a good development for bitcoin in china country. China could make a good improvement for the global market. See now bitcoin prices have already reached 2800USD. This is a very phenomenal price and also like a miracle. We all feel a very unexpected price increase over the past few weeks.

[panju1]

Until the next China ban comes. How many times will they do this?

This is gonna happen very soon. The Chinese government hates bubbles. When any asset bubble bursts and people lose money, they blame the government.
This has the signs of a bubble and the Chinese government will try to prick it very soon.