ladyber (OP)
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May 28, 2018, 03:42:24 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
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Newboybb
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May 28, 2018, 04:30:16 AM |
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But China still has a large share of the cryptocurrency market.
So in my opinion, China's influence on the price of bitcoin is still very large.
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qiwoman2
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May 28, 2018, 04:31:57 AM |
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They mined most of it so I am sure they are bagholding a ton of it right now and just unloading bit by bit on everyone. I also think every time there is just a tiny bit of FUD or negative news, everyone is unloading until they squeeze out every ounce of profit they can get and move on to other stuff, OR they are unloading so the panic sellers can capitulate and the market crash, so they can buy up a lot more at much cheaper prices. That's what the rich people do to become richer.
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ngoan
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May 28, 2018, 04:41:41 AM |
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The country has more bitcoin than other countries. Bitcoins are also partially damaged by Chinese commands. In addition there are many other reasons. Trust that bitcon will go up at the end of the year
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shafi alam
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May 28, 2018, 04:51:55 AM |
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China hold maximum bitcoin share. that's why if Chinese govt. give a news all people of china start to panic and do sell. but in the situation if can hold our position it could be profitable.
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contrau
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May 28, 2018, 04:56:49 AM |
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China's influence on the price of bitcoin is still very large
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roffie
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May 28, 2018, 05:00:04 AM |
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China is one of the major contributor countries in cryptocurrency  |
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First77
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May 28, 2018, 05:00:49 AM |
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China's influence on the price of bitcoin is still very large
China is the biggest market for all the products and services. Russia and China signed $400 billion deals for 10 years. |
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goku21
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May 28, 2018, 05:08:11 AM |
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I think china does not want bitcoin because maybe it's a bitcoin bitcoin so they do not want bitcoin but other people in china want bitcoin because of its future for the poor people so they can assemble even money can only support their families
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blizzard31
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May 28, 2018, 05:35:51 AM |
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We all know that there are alot of chinese business man and most of the chinese people are business minded, perhaps it can be also the reason why bitcoin is affected by china ban on crypto but that doesn't mean they are the core holders, because if they are, bitcoin must probably very devastated now.
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Kakmakr
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May 28, 2018, 05:57:40 AM |
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China is quickly becoming the country with the strongest economy in the world, so anything that they do, will have a ripple affect in the financial world. The ban on ICOs and crowd funding has been a controversial subject for a long time now, because this scene is riddled with scams. So it is no wonder that the Chinese government would issue some kind of restriction on capital flowing into these scams. <and even the legitimate projects>
Capital control is crucial to their strategy to become the strongest economy in the world.
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Gathel
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May 28, 2018, 06:11:12 AM |
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if practically China holds the core of Bitcoin I think it is not because bitcoin is developed many people, only in China many bitcoin trading activity and other altcoin.
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stimliall
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May 28, 2018, 06:36:27 AM |
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China is the most populous country in the world, and BTC users are also the most!
The Chinese government’s ban does affect BTC’s prices, but many Chinese blockchain companies have gone abroad to develop cryptocurrencies!
I believe that China will reopen the cryptocurrency market in the near future!
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rudox
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May 28, 2018, 06:42:04 AM |
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China's population is what makes whenever they sneeze bitcoin will shake. They have a good numbers of bitcoin holders and exchanges. Banning Bitcoin completely by China will effect their citizens and also their economy. I do not think the will go all the way to ban cryptocurrencies. I think they will make do with regulations.
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SUDARMONO
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May 28, 2018, 06:47:23 AM |
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Bitcoin is widely owned by every country but I think it is true that China is the most bitcoin owner of the world, so the news from China is very influential with bitcoin prices.
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faithofb
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May 28, 2018, 07:33:07 AM |
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Certainly they are because they hold the largest mining farm in the world and also their population is stil a plus to them..
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pocket_lck
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May 28, 2018, 07:42:05 AM |
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Yes it is true that china is the largest bitcoin holder, therefore every news or step china about cryptocurrency is very influential with the price.
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Svafnir74
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May 28, 2018, 07:44:41 AM |
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Yes, there are a lot of investors in bitcoin in China. Therefore, any news from China have a great influence on the price of bitcoin. In addition to investors, there are also a lot of bitcoin miners in China. All this also has an impact on bitcoin.
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Kotone
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May 28, 2018, 07:48:58 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
Well I do think that China as a superpower has a large influence over everything especially on financial and exonmic concerns. That is why their mere presence on the cryptocurrency market can make or break anything that is in their territory. There have been talks and a lot of chatter that china has a nefarious plan that would benefit them and it starts by banning cryptocurreny they have a stranglehold on it now but I still think it is doable in the long run |
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Missterio
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May 28, 2018, 07:52:26 AM |
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I think China is one of the major holders as well as the US
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Stargazer
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May 28, 2018, 09:05:40 AM |
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Yes, In China Lots of people do Mine bitcoin frequently. Though Cryptocurrency does not allow in China, still people are mining bitcoin there. If China government entirely bans bitcoin, then I have a doubt bitcoin can't make good figure anymore. Lately, I have seen a report that Bitcoin will take hair to Under 6K USD for a short time. I am not sure, if that happens then that will befall for China
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richan
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May 28, 2018, 09:13:41 AM |
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Cryptocurrency is banned in China,but most traders still holds on to their bitcoins in large quantities. Any news from the government make the traders react and they start to sell off.
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malbterxic
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May 28, 2018, 09:29:39 AM |
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I think here again you can see the hand of the manipulator, judge for yourself, even if China is a large holder of bitcoins, no prohibitions can prevent users from working with the BTC, this is the essence of bitcoin, because to circumvent the prohibitions, there are many options, such as VPN.
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KorakPawon
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May 28, 2018, 01:20:21 PM |
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I think China is one of the major holders as well as the US
china is one of the biggest investors in bitcoin besides America hence price refers to china because bitcoin price depend on its user volality so it can be said china become one of bitcoin core holder. |
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berrygood
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May 28, 2018, 01:25:56 PM |
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Such news causes chinese investors to sell their coins, also other investors sell their bitcoin as they think it will decrease. Since bitcoin is decentralized coin, china's ban has no effect on bitcoin except price.
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xaker74
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May 28, 2018, 01:27:13 PM |
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Yes China holds a lot of bitcoins, but it only means that when most Chinese sell their bitcoins, the price stabilizes. We need just wait when it happens.
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Haunebu
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May 28, 2018, 01:34:51 PM |
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China is quickly becoming the country with the strongest economy in the world, so anything that they do, will have a ripple affect in the financial world. The ban on ICOs and crowd funding has been a controversial subject for a long time now, because this scene is riddled with scams. So it is no wonder that the Chinese government would issue some kind of restriction on capital flowing into these scams. <and even the legitimate projects>
Capital control is crucial to their strategy to become the strongest economy in the world.
What are you going on about? United States of America is obviously the strongest economy in the world and China is trailing behind in this aspect by a huge margin which will most likely never change. Do you even know how powerful the United States of America truly is in the financial world? I do agree that the moves made by the Chinese government impact the cryptocurrency world in a big way, but this does not necessarily mean they are the biggest players in the cryptocurrency market. Japan is a much bigger player in this aspect if you think about it. No government can stop a force like Bitcoin. |
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tegarp90
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May 28, 2018, 01:45:57 PM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
I think yes, china is the one of the biggest market in crypto. everytime there's bad news about crypto in china, price is really drop to the ground. I think many rich people from there is "playing" btc, they can dump and pump coin's price because they're whales. But chinna banned bitcoin, don't know why this happen. |
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Rhaizan
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May 29, 2018, 03:51:23 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
China is one of the most influenced country in crypto currency and in that country there's a lot of people are holding bitcoin. If they really ban bitcoin, I'm sure the value of crypto in market will affect to decrease. |
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OddEvenBets.com
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May 29, 2018, 03:57:29 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
In any case this will be temporary but after price return to normal price. I don't think that China control Bitcoin. |
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pxo.011
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May 29, 2018, 04:22:27 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
it has a possibilities that it will happen, however when the other countries ban bitcoin it will reduce the value i saw it every time i heard news about bitcoin at www.cryptofacilities.com |
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dimiinx
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May 29, 2018, 04:31:49 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
China is one of the most influenced country in crypto currency and in that country there's a lot of people are holding bitcoin. If they really ban bitcoin, I'm sure the value of crypto in market will affect to decrease. china is a developed country and china can imitate anything in this world, so we are not surprised if china influences bitcoin price. but it is only temporary and not forever, all countries can affect the bitcoin price because no bitcoin is in control. |
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ariaalex
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May 29, 2018, 09:15:07 PM |
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China is one of the top countries which has legalized bitcoin in the beginning and it is dealing with bitcoin for so long. So, i think China plays a great role in the bitcoin price. But, the is temporary. I hope it'll increase soon nearby.
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judeafante
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May 29, 2018, 09:29:16 PM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
China's contribution is very large in the community and development of Bitcoin, but I don't think they are going to be the cause of Bitcoin downfall, they supported this since day one the news of banning cryptocurrency crowdfunding are meant to save their citizen from scam projects |
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kam17
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May 29, 2018, 10:01:59 PM |
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The fate of modern economy in the hands of China. All that China does is refer to temporary solutions, it is in their interest to revive all foreign currencies
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JacobLiam12
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May 29, 2018, 10:32:01 PM |
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Yes, there is a chance to that. The prices might fall. But I don’t think that it is ever going to happen as china holds the moajor share of Bitcoin.
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jagaban
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May 29, 2018, 10:41:15 PM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
While there is currently no accurate metrics to pinpoint the claim that China has more btc holders, we should realize that China still has powerful influence on the bitcoin price movement and as such any news coming out from there always has a way of tilting the direction of btc |
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jpnl0003
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May 29, 2018, 10:43:56 PM |
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i will not agree to the saying that china is the core up holder of Bitcoin, i will concur that it all started from Satoshi Nyakamoto and that they are from china but then they ability for the bitcoin to move to different locations of the world has made it circulate and thus china is not anymore the core holder of bitcoin again. thanks
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fairytale
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May 29, 2018, 10:49:52 PM |
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China may do that,and in the next months china will be get paid because on the high demand of bitcoins
Today,they brought bitcoins at a lower value and definately,they sell it into much higher costs.Doing this,this may trigger young bitcoin holders to sell their cryptos at a lower value,which we all know that at the end,china will benefit this kind of method of earnings.
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zap2per
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May 29, 2018, 11:05:05 PM |
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China has a huge economy and a lot of people that use crypto so it's obvious that their ban would affect the whole market.
But there is no reason to worry, the cant stop the market to grow.
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ladydark
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May 29, 2018, 11:30:24 PM |
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China was once the dominating country in bitcoin market with having lion's share of bitcoins due to majority of mining firms there.But now,its not the same case as bitcoin usage has wide spread all over the world.
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boty
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May 30, 2018, 03:59:49 AM |
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in my opinion no, there are still other countries that are able to mining bitcoin so that it can store very much and become one bitcoin holder, for example german, american and other countries.
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pooya87
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May 30, 2018, 04:17:44 AM |
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first of all what OP is talking about is China banning ICOs which happened last year not this Tuesday! and ICOs have nothing to do with bitcoin price. they affect Ethereum price because it is depending 100% on ICOs existence.
secondly China has never been as big as advertised. once they had exchanges with unrealistically huge daily trading volume which seemed like they control a lot but ever since the inspections their volumes became normal and it was clear the volume was fake and they have no power.
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Radio-Active
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May 30, 2018, 04:28:36 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
That could be a fake news. i have heard many times about china banning the crypto but none of them seems to be true. the falling of bitcoin price lately is not just only because china. and i think china is not the core of bitcoin holder, there are many holders from around the world too. |
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stompix
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June 01, 2018, 12:16:40 PM |
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first of all what OP is talking about is China banning ICOs which happened last year not this Tuesday! and ICOs have nothing to do with bitcoin price. they affect Ethereum price because it is depending 100% on ICOs existence.
secondly China has never been as big as advertised. once they had exchanges with unrealistically huge daily trading volume which seemed like they control a lot but ever since the inspections their volumes became normal and it was clear the volume was fake and they have no power.
I think this myth will never be busted ... China is big, China is the biggest, China has most volume, China has biggest holders... And some people that are saying all the coins were mined by China (facepalm). Half of all the coins were mined well before the first run that really made the news in 2013, when there was no Bitmain, no Cannan, but we had BFL  ))))) If China (I don't even know why I say China as China is the country, it's like saying Coinbase=US) would be that big and interested in BTC, wouldn't they have a few more full nodes? 1 United States 2469 (24.66%)
2 Germany 1764 (17.62%)
3 China 807 (8.06%)
4 France 673 (6.72%)
5 Netherlands 496 (4.95%)
Lols, the Netherlands with 1/70 of the population has 1/2 of the nodes People really need to look at facts, not at myths |
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jenyAE88
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June 05, 2018, 04:14:27 AM |
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The ban on ICOs and crowd funding has been a controversial subject for a long time now
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Nerman
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June 05, 2018, 04:18:52 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
No, but to be honest it not only affects the chinese people. Most likely because of the news some investors will sell their bitcoin and also some traders will definitely take advantage of this news to short this coins. Just like other markets any type of bad news will affect the market regardless if it directly affect you or not. |
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pilnenkii
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June 05, 2018, 04:21:50 AM |
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China has more bitocoins than other countries. In my opinion, China's influence on the bitcoin price is still very high.
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Agathai
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June 05, 2018, 04:37:48 AM
Last edit: June 05, 2018, 04:48:57 AM by Agathai |
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China has more bitocoins than other countries. In my opinion, China's influence on the bitcoin price is still very high.
No specific statistics on bitcoin mass are maintained in countries around the world.. However, there is one thing I still doubt about the bitcoin value dropping quite fast in February coinciding with Lunar New Year in China, Korea ... in my opinion, China is a participant country Great expectations for cryptocurrency and the fact that they recognize the value of bitcoin early to capture the bitcoin mass are likely. |
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jc01480
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June 05, 2018, 04:44:49 AM |
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China's influence on the price of bitcoin is still very large
Hell, they could probably pick a currency and take it over with a 51% attack if they wanted (and concerted their efforts). |
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Azha
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June 09, 2018, 03:10:34 PM |
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HarpeCharlotte
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June 10, 2018, 10:39:24 PM |
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Actually at first we will have to understand some themes of the market. At first the market of crypto currency is a decentralized market that is not controlled by others. So no country has relation with this. Another point is that the market price will be affected by the demand and supply of the coins. So due to drop of demand this thing happened but soon it will rise.
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godfredmanu
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June 10, 2018, 11:07:06 PM |
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China has ban on bitcoin and to think they still controls it is not true. China is a single country and their actions toward bitcoins will not sorely affect it but unless all other factors remains still.
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NaomiNagata
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June 19, 2018, 03:22:36 PM |
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I found a really curious project - HelloGold foundation. I really appreciate their philosophy. They are aiming to the creation of the full-fledged founding that will be able to provide grants for the upcoming startups in the sphere of further implementation of blockchain technology for financial operations. The team is consists of ex-regulators, business experts. Moreover, if you join their channels HelloGold and Airdrops.io on Telegram and Twitter you will receive 150 HGT tokens (~$2 USD). Anyway, search for more information, check everything, and good luck with your investment. If you want to know more - https://www.facebook.com/HelloGoldFoundation/ |
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GalahadSeika
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June 19, 2018, 03:25:32 PM |
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I don't think that China is the core holder of bitcoin. I believe it includes all of us. Not just only China, ALL OF US. Cryptocurrency doesn't revolve in only a place. Look, if there were news about bitcoin in some part of the country, it will just dump a little not going zero.
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okour999
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Decentralized Gaming Platform - Play & Earn $
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June 19, 2018, 03:29:37 PM |
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I think china does not want bitcoin because of the rapid collapse of the bitcoin price and they know it's affecting all the market coin as well as their project so china does not want bitcoin and ban bitcoin in their country
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spartaka
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June 19, 2018, 03:33:13 PM |
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I heard that most of the mining is being done there only. It would be interesting to see if they launch their own coin in future.
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goodfortune2018
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June 19, 2018, 03:48:59 PM |
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I think china does not want bitcoin because of the rapid collapse of the bitcoin price and they know it's affecting all the market coin as well as their project so china does not want bitcoin and ban bitcoin in their country
I believe that the acceptance of china in bitcoin is not really depends on the market status because china is capable on helping crypto market to rise up again because of country's progressive economy . |
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NaomiNagata
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June 19, 2018, 03:59:17 PM |
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I found really curiuos project - HelloGold foundation. I really appreciate their philosophy. They are aiming to the creation of the full-fledged founding that will be able to provide grants for the upcoming startups in the sphere of further implementation of blockchain technology for financial operations. The team is consists of ex-regulators, business experts. Moreover, if you join their channels HelloGold and Airdrops.io on Telegram and Twitter you will receive 150 HGT tokens (~$2 USD). Anyway, search for more information, check everything, and good luck with your investment. If you want to know more - https://www.facebook.com/HelloGoldFoundation/ |
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tegarp90
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June 19, 2018, 04:39:38 PM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
I think yes, everytime china has bad news about bitcoin. the market will always become bleeding. And some say 60% bitcoin is chinese holder. and i'm sure it's true. |
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TahuDiniHari
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June 19, 2018, 05:01:50 PM |
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I guess if China is the main bitcoin owner, it's debatable!
however I see this china is very unique in looking at cryptocurrency. Their government banned bitcoin transactions, but in some altcoins circulating on crypto exchange, owned by Chinese people.
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Abete
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June 19, 2018, 05:18:47 PM |
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but I see the potential of china that could be the greatest country that will play an important role in the world of cryptocurrency, for some reason my heart says that. but the process is still long. If that happens, I think bitcoin will become more global and dominate, with chinese not taking coin like bitcoin |
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SistaFista
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Hexhash.xyz
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June 20, 2018, 02:22:10 AM |
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Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?
China has the most population in the world, no wonder if there are many bitcoin holders there. Another thing to consider is the mining farm on China. I read that mining farm in china is big, so your question's answer may be 'right' about bitcoin most holders because many miners there. |
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