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shafi alam
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October 03, 2017, 07:35:14 PM |
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I think china wants to buy more stack of bitcoin in low price. its just my opinion.
And they Have much Bitcoin. If they going to sell all of in low price. bitcoin will go to hell.
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tokenator.io
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October 03, 2017, 08:07:33 PM |
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China doesn't like bitcoin since it cannot control it. No fees mean no money goes to the government so whats the point of having it? This lead China to ban bitcoins and bitcoins dropping in value really fast.
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Bitcoin Guy
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October 03, 2017, 08:19:00 PM |
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If they going to sell all of in low price. bitcoin will go to hell.
That is a funny way to put it, but I totally agree with you.  |
- To be or not to be, that is the question. -
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josucoin
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Activity: 41
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October 03, 2017, 08:41:19 PM |
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It is clear that when there is a sudden fall in the BTC, this fall occurs for several reasons, but the case of China certainly has imputed its present value.
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BitcoinMuscle
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October 03, 2017, 08:45:20 PM |
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Because electricity is cheap China mining pools controlcontrol more than 70% of the Bitcoin network’s collective hashrate
Also,China being the fourth biggest country it is logically to store a big amount of bitcoins.
China cant stop/ban Bitcoin but it definitely has some control to its price and without China involved in Bitcoin the mining will become harder and a bit more expensive
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SirLancelot
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October 07, 2017, 10:50:40 AM |
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because China is a country that uses bitcoin, especially businessmen in China, and because of the concern of the Chinese government if the yuan currency will lose with bitcoin, then China forbids bitcoin and ico, according to the news I have ever read.
China is one of most important pillar in development of bitcoin. They have made this business so classic that every other person is coming into it. But Chinese government can only take that much which doesn’t surpass them their own currency. Bitcoin was overwhelming the effect of yuan so they have banned bitcoin for a time being. I hope they will legalize it after. |
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Hasbro27
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October 07, 2017, 03:12:31 PM |
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I think the government feels threatened by the existence of crypto currancy as investors begin to glance and move their investments from yuan to bitcoin.
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djangocoin
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Brave New World
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October 07, 2017, 03:33:39 PM |
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Mostly to do with the mining being somewhat centralized or based in China due to the cheap/free electricity. There are also whales and big exchanges (debatable) in China too. So they have some influence.
So, when the exchanges closed and people cashed out the priced dropped a fair bit, but surprisingly it rebounded pretty quickly too.
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yunita
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Activity: 152
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October 07, 2017, 03:40:44 PM |
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Why is china so influential with bitcoin prices?
maybe because in china there are many bitcoin users and the number of bitcoin owned is also a lot, therefore if china users do transaction jua buy in exchange it will have high impact on bitcoin price, I think that's the reason |
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dmty.0809
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October 07, 2017, 03:43:00 PM |
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in because most bitcoin investors are in China, and since bitcoin is illegal by the government, most investors back off and influence the value of bitcoin prices
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Xxmodded
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Undeads.com - P2E Runner Game
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October 07, 2017, 03:51:02 PM |
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very influential because bitcoin users in china country is very big.
which is why china has a big part in the value of virtual currency or we often call crypto.
but now china is no longer the biggest problem for bitcoin.
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PacePay
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October 08, 2017, 11:44:16 PM |
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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. Hold of china has gone now there is no importance of china now in crypto market they banned bitcoin and this mean that they are kicking business and development out from their country and in future they will regret on what they did and they will beg for the rejoin and Chinese think that bitcoin will not survive without them but it is surviving and progressing without them. |
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UCHCHILD
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October 08, 2017, 11:59:36 PM |
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Why china affects the price of btc? It is because they have the big investors of btc, they hold good amount of btc which makes btc fluctuates so fast if someone whih we called big whales withdraw their money in btc, the value will surely reduces into low amount. But this past few weeks btc rises despite the fact that chona still at the crisis of banning still btc lift it self up because there were strong foundation from other country that support it so much, so we hope it will continue and china will continue to invest high money into btc.
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100%succes
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October 09, 2017, 02:24:53 AM |
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China is a odd country no twitter no facebook no btc  first Chinese countries that support the existence of bitcoin, and now china makes panic by banning bitcoin, in order to lower bitcoin market prices. |
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szpalata
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October 09, 2017, 02:36:46 AM |
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China is a odd country no twitter no facebook no btc first Chinese countries that support the existence of bitcoin, and now china makes panic by banning bitcoin, in order to lower bitcoin market prices. Well i rather think they might have something up their sleeve which might be revealed later because they seem to sing along when it pleases them and the opposite when it goes against them and such hypocrisy cannot and should not be tolerated from the chinese government. |
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vandvl
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October 09, 2017, 02:41:37 AM |
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because china have large population and most of them are using bitcoin...and there activity is mining because of lower cost of electricity....
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jamids
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October 09, 2017, 02:44:04 AM |
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China is a odd country no twitter no facebook no btc first Chinese countries that support the existence of bitcoin, and now china makes panic by banning bitcoin, in order to lower bitcoin market prices. Now they have some news again of letting those exchanges operate again but now, they would have regulations applied to it so that they can still have control over it. Before, they were alarmed because many people decide to invest on ICOs and trade on exchanges that they were not able to control so they decided to ban it. They were able to make the bitcoin price go down in value but now bitcoin price is going up because of the incoming bitcoin fork. |
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tom234234
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October 09, 2017, 03:13:21 AM |
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population of china is too big so many people tend to buy bitcoin than other country...
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Singwala
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October 09, 2017, 03:19:38 AM |
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Because they are the country with lots of investments in bitcoins and many of them have mining exchangers and others. So in a single word of china the price of bitcoins can be changed. But now it seems we are no longer feeling the return of the bitcoins in the past. There is absolutely nothing to stop crypto so happiness is happening.
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ruskytailz02
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October 09, 2017, 03:36:22 AM |
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since china is one of the most powerful in terms of economy every move they make will have a huge impact even in the world of cryptocurrencies. and there are many btc users that are Chinese that is why they affect the price of btc.
This is I think most relevant answer China has big known investors who holds tons of coins in their side.. china I think is one of those people who are pioneers interms of technology like these. And most advance also lots of people are using also cryptos. Some of people said that china wants to manipulate the coins but who knows what is the real deal |
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