trand
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Streamity Decentralized cryptocurrency exchange
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October 25, 2017, 05:45:33 AM |
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China owns the largest mining and bitcoin industry in the world, 81% of mining pool belongs to them, they have a cheaper electricity cost from coal and nuclear which how the mining works, it needs a ton of electricity in order to generate and mine a lot of bitcoin, but Chinese government bans bitcoin and we all know that, there's a news that the Chinese crypto traders moved in to japan.
does china really have banned bitcoin ? from what I’ve read and as far as I know is the chinese government only forbid and forcefully closed ICO, or is it me who read wrong news? From what I know from ICO data in Chinese, 65 ICOs has raised $ 394.6 million from 105.000 Chinese citizens in 2017. and it’s really affect the bitcoin selling price at the beginning of last September. Yes, I do agree with what you say. Many people say that CHina will ban exchange as well as bitcoin. But rumours are just rumours. There is no official statement about this and I believe it is just a big fish which was created by the whales so that they can collect more cheap bitcoin |
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blackr15
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October 25, 2017, 06:00:33 AM |
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my simple question is ... how to get a lot of results and satisfy also without capital .. if you have any suggestion please comment  ... |
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wagi
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October 25, 2017, 10:38:40 AM |
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Its just simpel answer, as we know china has very large population or citizen, and many of them are bitcoin buyer. If all of them just start buying bitcoin, it affect to bitcoin price. Or all of them start sell and affect also to price. So thats why china has potential with bitcoin price.
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thenameisjay
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October 25, 2017, 10:51:03 AM |
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Why is china so influential with bitcoin prices?
As far as I know, China before owns the biggest number of bitcoins in circulation before they're ban earlier this quarter. They have a massive bitcoin mining industry due to their electricity bill being way smaller than other countries. I hope whatever they have would circulate around the world since they can't transact nor trade bitcoins now. |
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malikusama
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October 25, 2017, 10:53:45 AM |
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No doubt there was an impact of China on bitcoin price because it was one of the countries having biggest bitcoin communtiy and large number of traders. But the impact is not too strong now because bitcoin managed to survive and grow more even without china.
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Mame
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October 25, 2017, 11:23:08 AM |
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Why is china so influential with bitcoin prices?
China is very influencial with the price of bitcoin since there population is high they can easily manipulate the price of bitcoin and since china is the leading manufactures everything in the market they can easily manipulated almost anything. |
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Zalfa_mui
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October 25, 2017, 11:31:54 AM |
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Why is china so influential with bitcoin prices?
because many bitcoin traders from china, china does have a great influence on bitcoin, the smallest news coming from China will affect the bitcoin price. |
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Kray
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October 26, 2017, 03:27:22 PM |
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it depends on how they treat the market, if they are happy to monopolize the market then the government will suppress the altcoins industry or even ban it. but Bitcoin will have a good impact on their economy for sure, this will be an income for their people and take a part in moving the wheels of the economy.
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EddyGameta
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October 26, 2017, 03:31:41 PM |
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China’s market is one of the largest in the world, as well as its crypto coin market. when many coin holders are forbidden to use their coins, they sell their coins in panic, and those outside of China who hear them also plunged in the FUD. In the end, the sudden rise of supply of a sudden made the price of Bitcoin immediately fallen and FUD became worse
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ennovy22
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October 26, 2017, 03:35:20 PM |
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China has a huge population and also a huge population that is using bitcoin. There's a lot of investors and traders there that's why they has a lot of contibutions in bitcoin organization. That's why the bitcoin's value deppressed when China banned bitcoin in their country.
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btcprospecter
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★777Coin.com★ Fun BTC Casino!
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October 26, 2017, 03:39:41 PM |
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China has a big holding bitcoin there are vast amounts of miners there.
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haroldtee
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October 26, 2017, 03:40:12 PM |
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China’s market is one of the largest in the world, as well as its crypto coin market. when many coin holders are forbidden to use their coins, they sell their coins in panic, and those outside of China who hear them also plunged in the FUD. In the end, the sudden rise of supply of a sudden made the price of Bitcoin immediately fallen and FUD became worse
Well, I would say the market WAS one of the largest but no more. Sure, China really had a great influence on bitcoin as so many of the population quickly embraced it and a whole lot of them have been mining from the start, which is why we would see most of the largest mining rigs in China today. So, we will just have to give them that. However, since the government has probably used that to create lot of FUDs, and they once had the largest market, then obviously from the look of things, there is no one or country that is indispensable and the next available markets obviously over took them. |
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jatin729
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October 26, 2017, 04:44:18 PM |
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I don't think so because china influence took not too long, and bitcoin stabled after 1 week of Chinese ban.
I really don't think that china has power to decrease the bitcoin value because there are so many countries those support bitcoins.
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acpr23
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October 31, 2017, 07:15:42 AM |
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Volume of bitcoin trades comes from china. China with the largest population in the whole world also has one of the largest bitcoin community. Thats why china can easily influence the market of cryptocurrencies
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dimastegar
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Small Trader
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October 31, 2017, 07:27:16 AM |
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As many people know. Why China is so influential on Bitcoin prices? Because China has a large volume of Bitcoin trading. So if the price of Bitcoin in China drops with such a large volume, then Bitcoin prices around the world will also fall following most of China's Bitcoin volume. And now Japan is the biggest Bitcoin holder.
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jonruhoax
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October 31, 2017, 07:33:11 AM |
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Why is china so influential with bitcoin prices?
miners china very much. that is why it is very influential in bitcoin value. but it's all over. I think bitcoin rose even without china. |
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travelgear17
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October 31, 2017, 07:50:46 AM |
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Why is china so influential with bitcoin prices?
Most of the bitcoin holder are Chinese not only that the largest number of people in china are invested to bitcoin on the various exchanges. As result, almost 40% - 50% investor and holder of bitcoin are Chinese. So its simple to banned bitcoin china government is enough. |
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valentin68
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October 31, 2017, 08:03:18 AM |
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As this website says https://www.buybitcoinworldwide.com/mining/pools/China has 81% of the hashing power of the world. If you were the biggest producer of bitcoins, wouldn't you be the most influential on the bitcoin price? And guesss what, after China, Russia is the next biggest bitcoin producer. This is very good for them. |
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Yankeestyle
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October 31, 2017, 08:21:46 AM |
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As many people know. Why China is so influential on Bitcoin prices? Because China has a large volume of Bitcoin trading. So if the price of Bitcoin in China drops with such a large volume, then Bitcoin prices around the world will also fall following most of China's Bitcoin volume. And now Japan is the biggest Bitcoin holder.
Why China is so persuasive on Bitcoin costs? Since China has an extensive volume of Bitcoin exchanging. So if the cost of Bitcoin in China drops with such a huge volume, at that point Bitcoin costs far and wide will likewise fall following the vast majority of China's Bitcoin volume |
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bajigur894784
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October 31, 2017, 08:47:49 AM |
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Maybe .. because they (chinese) often make policy about stopping the withdrawal of bitcoin. For example, I once read an article, written in it that ... in china there are some of the biggest crypto that have announced that they stop all tethering bitcoin and litecoin for a month. I heard a bitcoin price drop because news from China happens quite often. that's all it knows, maybe the masters here can explain in more detail.  |
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