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Author Topic: Is china one reason why bitcoin dumping now?  (Read 260 times)
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March 12, 2018, 07:32:38 PM
 #41

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.

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March 12, 2018, 07:35:26 PM
 #42

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.

What can we say about that, we are already seeing this kind of threat from China in the first place, although they banned bitcoin still millions of people are still engaged in cryptocurrency which they cannot ever control, so don't worry about it guys they will not totally ruin the price.

   
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March 12, 2018, 07:43:50 PM
 #43

Yes it is possible, but I'm sure the Chinese miners are still mining and have not yet dumping everything. If miners in China dumping all the bitcoin they have, I think the bitcoin price will be much lower than it is now. They still keep the bitcoin prices high. Although china has banned bitcoin ICOs, but I'm sure bitcoin will not die.

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March 12, 2018, 07:45:22 PM
 #44

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.

Old news... yes, it they were helping to the bump,  but now that coin has been fluctating what's the thought ?
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March 12, 2018, 09:39:30 PM
 #45

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.

Of course they are very influential on the growth of bitcoin by 2017 alone they are one of the world's largest cryptocurrency users especially bitcoin. But on September 30, 2017 it all fell sharply and 'reversed direction' became very small after the Chinese government imposed a ban on bitcoin since then the rule has not changed at least until now. So since 30 september 2017 bitcoin growth decreased and increasingly decreased only.
And events that occurred in January 2018 the ban was reaffirmed and finally their government decided and emphasized all of the exchanges and its citizens to support their single coin ie Neo.

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March 13, 2018, 10:37:12 AM
 #46

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 don't think this is a factor , mining of the bitcoin is a necessary need of bitcoin life because if bitcoin will not be mine then surely there is no chance for the transaction to run in the bloclchain system .
And also if the miners are mining in more amount then we should see towards the factor that bitcoin's transaction will become more faster then with what we have confirmation speed in lack of miners .
And another thing that is the demand of the bitcoin , if demand of the bitcoin is high then surely price will grow according to that and if not then surely it will not increase and will remain at constant or will drop step by step .
So we should it target China for such things , but surely price sometimes depends upon the Rumours that we heard many times from Chian .


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March 13, 2018, 10:39:55 AM
 #47

Why do you think that only chinese dumping crypto ? What about Wall Street and Giant Holders of Bitcoin and Whales ? I think everybody of them could dumping crypto very easy and manipulate of market.

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March 13, 2018, 10:58:41 AM
 #48

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.


Yes,  you are right. China is not the only reason why bitcoin is dumping.  It think there are also a big players in their groups of big organization. Who are contributed this reason why bitcoin incounter this problem. Like the MT GOX trustee has sold a half billion dallors of bitcoin. So this could also affect bitcoin price deflating.
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March 13, 2018, 11:10:21 AM
 #49

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 don’t think that’s the reason for such. China banned ICOs since last year, but it never had any effect, except the price downing for few weeks and then taking a turn upwards. If that was the reason, then the price wouldn’t have reached the $19,000 price rate which it did last year 2017. Let’s just say it’s a normal thing that happens in market and due to the correction, so very soon the price will go up again.

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March 13, 2018, 11:14:49 AM
 #50

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.
yes i think that is the one reason because the china is the one of many country who hates in bitcoin and also they cannot be welcome in it. but i think bitcoin is can recover without china.

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March 13, 2018, 11:33:40 AM
 #51

Could be possible! Seeing this dip, look at total market. It's way down, there are working the strength whales whose are gaining in the way. Bitcoin is not going to much higher, but these whales are causing strongly.

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March 13, 2018, 12:50:59 PM
 #52

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.


Yes,  you are right. China is not the only reason why bitcoin is dumping.  It think there are also a big players in their groups of big organization. Who are contributed this reason why bitcoin incounter this problem. Like the MT GOX trustee has sold a half billion dallors of bitcoin. So this could also affect bitcoin price deflating.
No one know actually what's happening right now, FUD are everywhere you can't even know which one are the real news and which one the fake. Mt Gox trustee who sell their Bitcoin periodically are the one that I believe it destroy the bullish trends recently, it's big money. Other than that , idk.

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March 13, 2018, 01:06:18 PM
 #53

Why do you think that only chinese dumping crypto ? What about Wall Street and Giant Holders of Bitcoin and Whales ? I think everybody of them could dumping crypto very easy and manipulate of market.
Yes, i agree with you. It is not only the Chinese miners can manipulate the price of bitcoin by dumping. There are a lot of whales out there who could spell a difference if they are going to dump their coins.
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March 13, 2018, 02:23:33 PM
 #54

I think your evidence is correct. China's squeezing of the miners has significantly reduced the amount of crypto that is mined daily. This severely affected the exchange rate of the cryptocurrencies market. This action by the Chinese government has severely influenced the development of crypto, which has led to a recent decline in the exchange rate of Bitcoin.

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March 13, 2018, 02:40:26 PM
 #55

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.

Mid-september last year, Chinese regulators decided to ban the Chinese currency, such as encryption currency trade channel, accusing it of be used to create all kinds of illegal fund raising, financial fraud and pyramid schemes, including contract fraud, money laundering, to avoid government regulation to transfer money overseas.

China's financial regulator has been "dismissive" of bitcoin and continued to monitor it.

While China's bitcoin mining companies cannot benefit from low electricity prices, they are still profitable.

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March 13, 2018, 02:46:28 PM
 #56

Why do you think that only chinese dumping crypto ? What about Wall Street and Giant Holders of Bitcoin and Whales ? I think everybody of them could dumping crypto very easy and manipulate of market.
Yes, i agree with you. It is not only the Chinese miners can manipulate the price of bitcoin by dumping. There are a lot of whales out there who could spell a difference if they are going to dump their coins.
I think in past we were facing such problems but as the investors are now increasing therefore i do not think that they can manipulate the bitcoin price too much, in future i think we will become totally free from such kind of problems and even the big whales will not be in position to manipulate the bitcoi price.

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March 13, 2018, 03:05:47 PM
 #57

I have also read article about China's move to ban cryptocurrencies before and it was also the reason why bitcoin has has fallen down but to a big surprise, it was also the start of bitcoin's historic flight to the moon as it drastically rise to $20,000 after that drop.
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March 13, 2018, 03:48:47 PM
 #58

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.


Yes,  you are right. China is not the only reason why bitcoin is dumping.  It think there are also a big players in their groups of big organization. Who are contributed this reason why bitcoin incounter this problem. Like the MT GOX trustee has sold a half billion dallors of bitcoin. So this could also affect bitcoin price deflating.
No one know actually what's happening right now, FUD are everywhere you can't even know which one are the real news and which one the fake. Mt Gox trustee who sell their Bitcoin periodically are the one that I believe it destroy the bullish trends recently, it's big money. Other than that , idk.
Exactly no one knows what is the exact reason why all coins are dumping and what is happening to crypto market. I think people are blindly believing fake news which is telecasting in media, apart from this i don't know for what reason now the market is down.
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March 13, 2018, 05:12:22 PM
 #59

Could be possible! Seeing this dip, look at total market. It's way down, there are working the strength whales whose are gaining in the way. Bitcoin is not going to much higher, but these whales are causing strongly.
Last time, they can be the reason but now it's because of Mt.Gox trusted dumping his coins. But it can also a combination force from other whales from China. No one knows what's the real issue and happening there after the banning of ICO's, we don't have any accurate information on what's the real score there.


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