Galahad111
|
|
October 31, 2017, 06:32:11 PM |
|
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.
Actually china is fast growing immerging economy in world and china started a huge project with one country by the name of sea pack which can make all markets with short distance to china so china don’t want any obstacle in his economy and even they don’t compromise with any deal so think that cab a big reason that china banned bitcoin.
|
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
tonlong
|
|
November 02, 2017, 07:53:09 AM |
|
Why is china so influential with bitcoin prices?
I agree, that there is some influences from China, but the nice thing about crypto currency is that there is literally no way for one goverment or one nation to solely control it. They could pump and dump but that no significant effect on bitcoin as in previous years.
|
|
|
|
amila_cs
|
|
November 02, 2017, 08:01:31 AM |
|
China is a odd country no twitter no facebook no btc China didn't ban bitcoin, they only banned ICO's and there were talk about banning Chinese exchanges. But they never banned bitcoin
|
|
|
|
slyfox
Member
Offline
Activity: 350
Merit: 10
|
|
November 03, 2017, 02:50:44 AM |
|
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.
But they are not going to do that, they are not dumb, if they did that then the price of bitcoin will go down, that is correct, but they will be the ones selling their coins at a bad price and the ones that will have to buy at an higher price and they are not going to do that suicidal move. In my honest opinion, I don't think that China do it in purposes. They just made the decision to turns its back against bitcoin and not necessarily to buy it when the price is plummeting. However, they are not totally banning bitcoin, on the ICOs. But the damaged has been done to the market already. And we are moving great without them. Well their damage was surely limited with bitcoin now trading above 7k then it seems bitcoin has nothing to fear even if China banned bitcoin completely, it seems that every bad news coming from China has a temporary bad effect but a good long term effect.
|
|
|
|
Shivan Dragon
Member
Offline
Activity: 84
Merit: 10
|
|
November 03, 2017, 04:48:41 AM |
|
Can someone please share the news about bitcoin in the philippines. Will the gov't going to remove bitcoin or taxed it? Thanks
|
|
|
|
kinzey
Full Member
Offline
Activity: 254
Merit: 100
Blockchain with solar energy
|
|
November 03, 2017, 05:02:26 AM |
|
Why is china so influential with bitcoin prices?
China has a very big population using btc. And they are also the biggest miners of btc. So good news or bad news or rumors can easily change the price of btc. Bad news if they want to buy more btc. Or good news if they want to dump. So the regulations is good for everyone
|
|
|
|
teejayrichard2
Member
Offline
Activity: 574
Merit: 12
|
|
November 03, 2017, 06:42:13 AM |
|
China really don't have an influence, the thing is China is into massive production of things which are distributed all over the world so whatever decision they make on bitcoin sort of affect the market because it affects payments of goods using bitcoins
|
|
|
|
taxmanmt5
Legendary
Offline
Activity: 1190
Merit: 1024
|
|
November 03, 2017, 03:16:35 PM |
|
Why is china so influential with bitcoin prices?
Its not. Its people that are the problem. They get scared and do what they do, that is where the issues come from and that is why the markets are so easy to manipulate and that is where the system has its biggest faults. There are not enough of the big traders like us out there to keep the boat from these little rocks and tumbles. but, we can keep the price stable and rising for the most part.
|
|
|
|
Pandacomel
Member
Offline
Activity: 119
Merit: 14
|
|
January 05, 2018, 06:46:53 AM |
|
Its just a simple question that i want to ask.If you get 0.05 btc. Wat will you do with the bitcoin.Are you gonna spend the btc by buying thing that you targeting or save it more for future.
|
|
|
|
hadveach
|
|
January 05, 2018, 06:54:04 AM |
|
yes, because in China the price of electricity is so cheap, so many people use it to do the mining, and the more miners, the higher the bitcoin price. in addition, the china many developers and big investors
|
|
|
|
matthewogus01
Jr. Member
Offline
Activity: 56
Merit: 1
|
|
January 05, 2018, 07:34:59 AM |
|
China's influence in the world market just shows how powerful the country is. Given this situation, it also controls a fair share of power when it comes to bitcoin price volatility and the number of chinese traders/investors that it has.
|
|
|
|
phudinh
Newbie
Offline
Activity: 40
Merit: 0
|
|
January 05, 2018, 07:48:29 AM |
|
China now release bitcoinwhite with more benefit than the old bitcoin, and its community grow so fast if bitcoinwhite officially be recognized all over the world, china will rule our world
|
|
|
|
Tone147
Member
Offline
Activity: 221
Merit: 10
|
|
January 05, 2018, 07:51:24 AM |
|
Why is china so influential with bitcoin prices?
And now? China has absolutely no influence on the direction of bitcoin prices, so China is a stupid country. They give up the pricing power of bitcoin.
|
|
|
|
waitforme
Full Member
Offline
Activity: 618
Merit: 100
BBOD The Best Derivatives Exchange
|
|
January 05, 2018, 07:53:59 AM |
|
Why is china so influential with bitcoin prices?
You probably do not know China is one of the countries with the most investment in Crypto and also the earliest. In China there are many investors who own large amounts of bitcoin, accounting for nearly one third of total supply.
|
|
|
|
Clos Belmont ICO
Newbie
Offline
Activity: 112
Merit: 0
|
|
January 05, 2018, 11:06:34 AM |
|
Because they (used to) represent a huge chunk of trading volume, as well as total network hashrate. They were a major country prior to banning Bitcoin. But now not so much really.
I want to add that 60% of all mined Bitcoins mined in China
|
|
|
|
tomhutchinson
Jr. Member
Offline
Activity: 37
Merit: 7
|
|
January 05, 2018, 04:57:12 PM |
|
Why is china so influential with bitcoin prices?
Big players from china play big game they want to buy bitcoin with cheap price after that make price over the sun. always Chinese need cheap price
|
|
|
|
rcoins0720
|
|
February 24, 2018, 02:30:57 AM |
|
Many of investors are there and lots of people living in china and have the knowledge about bitcoin and also using them. also lots of big investors are located to chinabandbI won't lie china is the most rich and influential country.. The china ban thingy will affect the bitcoins behavior in charts
And some says they wants to maniulate the coins and also create their own coins
|
|
|
|
anatoliidedov1807@yandex.
Newbie
Offline
Activity: 11
Merit: 0
|
|
March 26, 2018, 07:45:16 PM |
|
I generally recommend that you invest. You can earn on any projects. The main thing is that the project does not turn out to be a fraud.
|
|
|
|
Sesiaw
Newbie
Offline
Activity: 113
Merit: 0
|
|
April 18, 2018, 11:08:44 AM |
|
exactly with their population and with their extensive knowledge of crypto they really make a big impact especially now that their government is are really trying their best to organize and make laws about these currencies because they feel a threat to their economies, and I hope the government should support its people to be more successful.
|
|
|
|
connesa
|
|
April 18, 2018, 11:15:06 AM |
|
Why is china so influential with bitcoin prices?
because they are one of the largest holders of btc before. and ofcourse one of the largest country.and big part of btc being mined before was frm china.fyi china only banned the exchangers not the bitcoin itself.some chinese still do trading and exchange btc to fiat here in hongkong.
|
|
|
|
|