Are Chinese exchanges still significant?

[bbc.reporter]

What are your views on this? After the People's Bank of China banned the withdrawals of any cryptocoin from exchanges under their legal authority, are Chinese exchanges still significant? It was shown that all coins in the cryptospace can still go up intensely without them.

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[1714845370]

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[bbc.reporter]

So no opinions in the altcoin forum? I am surprised because there many of you here that have opinions I respect. Maybe the reason you are all so quiet on the matter is because you finally accept that the Chinese exchanges and traders are only good in pumping and dumping without bringing in real value in the cryptospace?

[Pursuer]

no people are silent because you haven't checked the Chinese exchanges before making this topic. if you do check them you will see that the biggest ones only have bitcoin and litecoin listed. they don't even have any altcoin for trading apart from their small exchanges!

and also Chinese have always been significant but not the way it was advertised. people imagined they have full control over everything and if they wish they could kill bitcoin in an instant and if they wished they could pump it to 10 million dollar!

but in reality, Chinese market has always been a big market because of the large population of China and the fact that many of them are into trading. but they are just one market in the whole world.
do then have an effect? of course they do.
is it as big as people thing? not at all.

the big 3 only having BTC and LTC:
here is Huobi: https://coinmarketcap.com/exchanges/huobi/
OkCoin: https://coinmarketcap.com/exchanges/okcoin-cn/
BTCC: https://coinmarketcap.com/exchanges/btcc/

[jamesqy]

What are your views on this? After the People's Bank of China banned the withdrawals of any cryptocoin from exchanges under their legal authority, are Chinese exchanges still significant? It was shown that all coins in the cryptospace can still go up intensely without them.

China does not ban all the altcoins, only withdrawal of BTC and LTC is banned.

[bbc.reporter]

no people are silent because you haven't checked the Chinese exchanges before making this topic. if you do check them you will see that the biggest ones only have bitcoin and litecoin listed. they don't even have any altcoin for trading apart from their small exchanges!

and also Chinese have always been significant but not the way it was advertised. people imagined they have full control over everything and if they wish they could kill bitcoin in an instant and if they wished they could pump it to 10 million dollar!

but in reality, Chinese market has always been a big market because of the large population of China and the fact that many of them are into trading. but they are just one market in the whole world.
do then have an effect? of course they do.
is it as big as people thing? not at all.

the big 3 only having BTC and LTC:
here is Huobi: https://coinmarketcap.com/exchanges/huobi/
OkCoin: https://coinmarketcap.com/exchanges/okcoin-cn/
BTCC: https://coinmarketcap.com/exchanges/btcc/

I agree with you that the effect of the Chinese market is not as big as people think. I speculate it is that market that has been doing all the dumping all along. Observe the difference of having them included versus having them isolated by the Chinese central bank. There has been no dumps now unlike before.

Is bitcoin trading better without the Chinese exchanges?

[Yuhee]

no people are silent because you haven't checked the Chinese exchanges before making this topic. if you do check them you will see that the biggest ones only have bitcoin and litecoin listed. they don't even have any altcoin for trading apart from their small exchanges!

and also Chinese have always been significant but not the way it was advertised. people imagined they have full control over everything and if they wish they could kill bitcoin in an instant and if they wished they could pump it to 10 million dollar!

but in reality, Chinese market has always been a big market because of the large population of China and the fact that many of them are into trading. but they are just one market in the whole world.
do then have an effect? of course they do.
is it as big as people thing? not at all.

the big 3 only having BTC and LTC:
here is Huobi: https://coinmarketcap.com/exchanges/huobi/
OkCoin: https://coinmarketcap.com/exchanges/okcoin-cn/
BTCC: https://coinmarketcap.com/exchanges/btcc/

I agree with you that the effect of the Chinese market is not as big as people think. I speculate it is that market that has been doing all the dumping all along. Observe the difference of having them included versus having them isolated by the Chinese central bank. There has been no dumps now unlike before.

Is bitcoin trading better without the Chinese exchanges?

I am actually confused cause i really saw a post where it is creating or generating it's own digirtal currency?. Maybe they are doing that so that the people can recognize there own digital currency and avoid any foreign investments in there country. Because if they really allow alien currency in there country then there economy would be pulled down and china wants to maintain there status as one of the powerful countries in the world.

[jason943]

I think the Chinese exchanges are much less significant than before. Only btc38 has some influence on altcoins.

[Idrisu]

What are your views on this? After the People's Bank of China banned the withdrawals of any cryptocoin from exchanges under their legal authority, are Chinese exchanges still significant? It was shown that all coins in the cryptospace can still go up intensely without them.

Because of the band localbitcoin transaction volume has increased tremendously. I my own views people bank of china and Chinese exchangers like okcoin and bitcc has lost their power of manipulating bitcoin price by those they attack on bitcoin.