just a simple question?

[yugyug]

China owns the largest bitcoin mining pool with a lion share of approximately 70 percent of the total mining of the whole world.Top 10 mining pools are in China, so they own the most number of bitcoins, the bitcoin block chain largely depend in China.If the mining operation halted in China bitcoin transaction might greatly affected as it may delay the processing, the miners are the great contributor of the bitcoin blockchain because they are the one who signed the ledger to make it tamper proof. Chinese government has a lesser role regarding to bitcoin, but we salute the high regards to Chinese bitcoin miners.

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[AGD]

Why is china so influential with bitcoin prices?

It's not.

[bitterguy28]

Why is china so influential with bitcoin prices?

china is one of the main investor in the bitcoin thats why bitcoin goes dump slightly last month but i can't control of the china government the bitcoin as crypto currency because have many countrie's are also support the bitcoin in crypto world so i believe without the cheese investor bitcoin go on the top.

[Cacingkemi]

Why is china so influential with bitcoin prices?

Actually not so influential if in my opinion,when the price of BTC down the bed that he said caused by the news about china is not at all like that.The panic of everyone in the world made them sell their BTC because of the news,so in my opinion like that china is not very influential with the price of BTC but indeed there are many who use BTC out there

[Destroyeroff98]

Because China - a large country. It is also a country with a large population.

[CoinFoxs]

Investing amount is huge from china and lot of investors from china invested their money in crypto-currency, Few days back i have seen on bittrex volume of Neo coin is 18988 bitcoin and then after 1 day i saw volume at 8977 btc majority of the investors from china sold their coins and dump the price.

[Bunsomjelican]

Why is china so influential with bitcoin prices?

It can be deny and no doubt that China is one of the powerful country in the whole world, then in terms of bitcoin China also is one of the biggest Bitcoin mining farm in the world too. but not so influential because there are still other country that are more influential than China.

[rjbtc2017]

Why is china so influential with bitcoin prices?

Their "influence" is now a history, a lot of people and bitcoin holders were affected by the multiple attacks (attacks in sense of closing the exchanges, banning exchange, banning ICO) of china  on cryptocurrency which produced FUD and a mass selling of bitcoin because of what they did, also big companies and big personalities like JP Morgan which built his reputation on Investment and Stock trading. So as far as i'm concerned, that "influence" is now a history.

[drwhobox]

Why is china so influential with bitcoin prices?

well it's because they are the one who have the most bitcoins here in the world and Big hashrates and alot of investors. But, now i think China isin't something now Bitcoin can rise with and without china.

[erickkyut]

China is the largest country in the world with the largest population also. They also have the largest number of Bitcoin users and they have the biggest volume of Bitcoin if I'm not mistaken. It is like in a company, the person with the largest number of shares of stocks is the most influential.

[valisa]

according to news I've read, that the Chinese government branded Bitcoin exchange rate up and down purely following the market mechanism. The government can not control the exchange rate, unlike the yuan against the US dollar. The government does not like something that can not be arranged.

[loopes]

Why is china so influential with bitcoin prices?

actually they are not giving very big influence for bitcoin price but because of china marked as 'big'  for this cryptocurrency world so every their actions and regulations become a consideration by most of bitcoin users. for example while china ban operational of bitcoin exchanger in there the most of bitcoin users(include holders) afraid with the affect of it. so they follow panic selling trend. but actually they (all bitcoin users and holders) can stand well without china. it is proof it right now by the situations, you can see from the fact.

[jyotianand01]

Why is china so influential with bitcoin prices?

Chinese people are holder of 50% of Bitcoin hence there is a big drop in price due to china ban ICO and then order to close crypto coin exchanges. Slowly china effect is now over and after a dip of approx. one week, now BTC again rising slowly to upward direction and gain 8-10% from its low. It is a big relief to crypto currency market as china have big influence on crypto market.

[BitcoinHodler]

Chinese people are holder of 50% of Bitcoin

you have 0 proof of that and you are just making a big guess based on nothing.

even the Chinese trading volume is barely 10-20% of the total trading volume

hence there is a big drop in price due to china ban ICO

and you think ICO and bitcoin are related!!!!

Slowly china effect is now over and after a dip of approx. one week, now BTC again rising slowly to upward direction and gain 8-10% from its low.

now you just contradicted yourself!
if China really had the effect that you claim they have with your claim of them holding 50% of bitcoin, price should have continued to drop not recover!

[ninabobo]

Why is china so influential with bitcoin prices?

now ? that's not anymore. china is part of the past bitcoin. there is no effect now for bitcoin.
as well as with korea. only the past wind is always a part of the journey in general.
there is no decrease now for bitcoin.

[enjotan]

Why is china so influential with bitcoin prices?

maybe for last month and the rumors were so intense.

but now china is no longer a strong obstacle to tearing bitcoin.

[staff_1307]

On September 1, bitcoin cost five thousand dollars, once again updating the historical maximum. Three days later, the exchange rate began to drop sharply: the People's Bank of China declared illegal operations related to the ICO. Officials explained their decision by the fact that such placement carries financial risks, and sometimes it turns out to be fraud.

The further fall in the value of crypto-currency was again linked to China. After the ban of ICO, the Chinese business publication Caixin wrote that it would be banned in the country to trade in crypto-currencies at local crypto-exchange exchanges. Later, the world's leading business publications told the same story, but no confirmation was received.

[aoluain]

ok so we all know how much of an infleuence China was
on Bitcoin and the amount of mining that was happening there.

Going forward how much of an infleuence is it going to be?
will people still be using and trading it?

[slyfox]

Why is china so influential with bitcoin prices?

Because they have a lot of bitcoin, there are many exchanges there with a lot of volume and because the miners are mostly in China territory once that changes China is going to lose most of its influence.

[tramadols]

Why is china so influential with bitcoin prices?

china has failed to reduce the value of bitcoin to very low levels. quickly the bitcoin can rise again.
I think china has failed.