Is china one reason why bitcoin dumping now?

[Reid]

Looks like the News is what made it happen and not the act.

Recently, there have been a lot of falls just because of one page telling that this happened and that also without even resources to prove it.
I dont like that kind of thing. So how do we prove one's legitimacy? One more problem.

It seems like people tend to share those articles or news created by a popular one. Stop this kind of habitual act. Not helpful at all.
Bad news are being spread while the good ones stays idle. What a cruel world.

[Invest-or]

China is a very large country and it does not act like if it were just one individual. The Chinese government does not necessarily act always on the markets or regulations in an unified manner. 

[andrey111]

The author of the topic wrote in January and then the rate was still in the region of 13 thousand, then we saw already the bottom of 6 thousand and the reverse rise to 12. The market is very volotilen. And besides the news from China, news of the hacker attack of a large binance exchange followed. Just a lump of negative news caused the fall of bitcoin.

[yoseph]

Based on my research not the China why Bitcoin is dumping now. The reason is related to another cryptocurrency called tether and allegations that the people behind it are using tether to prop up the bitcoin market.

Bitcoins is almost always under attack by governments or their competition so that investors might abandon the coin and move over to theirs or they might have another motive that we might not even know about entirely.

[OuterTech]

Yup. I think the news come from China is the main reason for this dump. China is the biggest country in the world and it has very great power to crypto market. All biggest Bitcoin mining factories are located in China that why it affected a lot to the market when this news just published. Beside as I know China government is also banning all the way to access to international crypto exchange that why trading volume on the biggest exchanges decreased a lot in few recent days.

[reynilynedago]

I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.

I am and I know a lot of us are aware that China has been one of the most percentage if bitcoin users and investors and tge said country contributed a lot for bitcoin's success in the market. So I do think the current decline in value is partly caused by the illegalization of bitcoin and all bitcoin-affiliated activities in the country. But I am well aware that bitcoin will recover sooner or later.

[Gotomoon]

China is a very large country and it does not act like if it were just one individual. The Chinese government does not necessarily act always on the markets or regulations in an unified manner. 

China is the biggest contributors in this industry but it is not the only one why bitcoin price dumping. There are many news , fuds, hacking issues that price affect like this. Hence, we can see this bitcoin price will bounce back its high price.

[anthinguy21]

Thank you for providing the correct source. The Chinese government's ban on trading Bitcoins as well as minimize the number of miners will affect the entire cryptocurrencies market, particularly the NEO and the Binance exchange floor. But I still hope that the government's ban on Bitcoin is a rumor.

[squatz1]

It could be the reason that some people are selling, but I don't think it's a big reason. This is because that there is so much FUD coming out of that region (Asia) I don't even know if anyone is going to take what they say as serious. Though I know that there are some people that are saying this, and it does make sense. Though if you do  think about the amount of money that Chinese companies are making from Bitcoin mining, exchanges, etc -- I would doubt that the government wants this stream of income to end.

Who knows, this is just how markets work.

[zhanyiguai261315]

Many investors in China are holding their own BTC!

Because the price is not high, they will not sell their digital currency cheap!

Many Chinese miners move to other countries, and they don't sell their BTC at low prices.

[bitcub]

Not China,  were done on it.  This time our enemies are the whale dumpers of wallstreet.  They dump so other wallstreet investors can ride. I know we can defeat them. We can make them liquidate.
#HoLD, that's it.

I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.

[Lumada]

i think china effect its on sep 2017 , dumb rightnow is from another reason , ithink the fb block about currency and more
and china have less effect

That fb news didn't really happen, I can still see now ads of ICO in it. I doubt if they will be able to do it.  The news now is about Japan, and people just making it a big deal when in fact we all know how Japan embraces crypto.

[CongHoan]

sharks in china

[Starone1]

I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.

I definitely think this is an impactful source, but I wouldn't call the drops a dump. Bitcoin hasn't really dropped under 13000 as far as I've seen, and until I see it drop much more, I would never consider Bitcoin to be dumped. It's not like there's a few people just pumping/dumping as there are with many altcoins.

However, I do think China's extreme intervention is definitely pulling the price down. They've had a significant impact on the BTC price in history, so this crack down on miners affects bitcoin's confirmation times and whatnot. I've heard that China is rumored to be making their own centralized crypto currency itself, which may explain why they're making such strong moves against BTC.

I also believe that it’s not about china we always think that bitcoin price is going down just because of china then a question is when its price go high so then who is supporting bitcoin so in my opinion bitcoin price is connected with market and I’m sure if we support bitcoin individually so its price will go high even china ban or stop supporting bitcoin.

[marcuslong]

i think china effect its on sep 2017 , dumb rightnow is from another reason , ithink the fb block about currency and more
and china have less effect

That fb news didn't really happen, I can still see now ads of ICO in it. I doubt if they will be able to do it.  The news now is about Japan, and people just making it a big deal when in fact we all know how Japan embraces crypto.

China's action against crypto has been very controversial. Somehow, it affects bitcoin pump and dump aspects in the market. I still believe that bitcoin can still continue its growth, because this coin has already been adopted not only in China but also in other countries.

[annango]

I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.

Maybe China is one of many reasons for the latest dump when The Chinese government continues to implement measures to prohibit cryptocurrencies but it doesn't have to be the biggest reason. As far as i know the reason of the latest dump because there are rumors that Binance exchange site was hacked, this make investors feel fear. Moreover, "Nobuaki Kobayashi" Bitcoin’s Tokyo Whale Sold $400 Million and He’s Not Done Yet. Maybe this biggest reason made the price of bitcoin dump.

[btcmegastar]

China is a very large country and it does not act like if it were just one individual. The Chinese government does not necessarily act always on the markets or regulations in an unified manner. 

China is the biggest contributors in this industry but it is not the only one why bitcoin price dumping. There are many news , fuds, hacking issues that price affect like this. Hence, we can see this bitcoin price will bounce back its high price.

Exactly, there are many other news why Bitcoin price is kept decreasing, China is not big influenced by the price Dips. Mtgox is kept seeling the Bitcoin and it is one of the reasons why Bitcoin price is kept reducing in the market.

[Granxis]

i think china effect its on sep 2017 , dumb rightnow is from another reason , ithink the fb block about currency and more
and china have less effect

That fb news didn't really happen, I can still see now ads of ICO in it. I doubt if they will be able to do it.  The news now is about Japan, and people just making it a big deal when in fact we all know how Japan embraces crypto.

China's action against crypto has been very controversial. Somehow, it affects bitcoin pump and dump aspects in the market. I still believe that bitcoin can still continue its growth, because this coin has already been adopted not only in China but also in other countries.

I think the Chinese government is not opposed to crypto moneys, because they are constantly producing and selling asic miners. China is doing is strictly political, because the Chinese government sees Bitcoin as a threat to the tax system. For this reason they are trying to establish a balance.

[Odora]

I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.

There are lots of factors causing the price fall like binance hacks and exchange regulations and this also maybe a reason.But what we need to understand is that this is a whale strategy to dump the coins so we also have to make ise of this by buy coins at low price.

totally agree, many things that affect why many people sell their Bitcoin (Dumping) not only because of China but other factors as well, but I appreciate also thread you make..

[Rosscy]

I think the Chinese government is not opposed to crypto moneys, because they are constantly producing and selling asic miners. China is doing is strictly political, because the Chinese government sees Bitcoin as a threat to the tax system. For this reason they are trying to establish a balance.

Yes it is, basically China government want to control anything. But this kind of crypto mostly decentralization, which still difficult to calculates exact how tax will be implemented. The government wants to take advantage of this, but they are deadlocked, so they restrict trade access. Is not this all about profit only.