Is Chinese money flowing into Bitcoin

[jamesashmore1964]

I believe YES for the following reason:

https://www.wsj.com/articles/this-years-selloff-in-chinese-markets-isnt-like-2015-it-looks-worse-1530869403

As you are aware the Chinese control the Bitcoin hash rate and the miners and high wealth individuals have possibly started buying Bitcoin and this could accelerate!

The Yuan is under threat so  why not buy Bitcoin: This is the Chinese mentality!

This is a catalyst no one is talking about!

[_CryptoBrain]

Perhaps this is the case, and the Chinese are investing big money in bitcoin because of the unstable situation with the yuan. But now everyone is trying to hide their crypto-currency assets due to strict laws and therefore I think that until laws with respect to the crypto currency are canceled, most Chinese people will not invest in the crypto currency as we would like it.

[mamesso]

this is great for crypto, i saw a few days ago that vol trade binannce increases. meaning more and more Asians are interested in investing and trading crypto. China is the most important part of crypto development, and China can manipulate prices.

[Pamahaw]

I also believed that Chinese money is into bitcoin and this could be a good news considering the Chinese population. This amount could be huge and it can impact the value of bitcoin. But the downside here is if they withdraw their money out of bitcoin then it can also cause a sudden dropped of bitcoin's value.

[CryptoBry]

One thing is sure is that the Chinese money has been a strong influence in the value of Bitcoin and this is actually true with the whole of cryptocurrency market as well. In fact, Chinese money is almost into anything as long as there is a potential money to be made. Chinese have the money so they can buy even the whole world. This is not anymore surprising if for various reasons a bulk of Chinese money can be attracted to get back to Bitcoin and altcoins as well. This is indeed the century of the Chinese and other countries are just followers.

[jamesashmore1964]

One thing is sure is that the Chinese money has been a strong influence in the value of Bitcoin and this is actually true with the whole of cryptocurrency market as well. In fact, Chinese money is almost into anything as long as there is a potential money to be made. Chinese have the money so they can buy even the whole world. This is not anymore surprising if for various reasons a bulk of Chinese money can be attracted to get back to Bitcoin and altcoins as well. This is indeed the century of the Chinese and other countries are just followers.

So your answer is yes: Chinese money will start to flow into Bitcoin: Thank you in advance!

[swissgang]

The Chinese will always prefer bitcoin over yuan or usd, also other factors such miners etc. will make bitcoin rise faster after consolidation ends.

[crzy]

The Chinese will always prefer bitcoin over yuan or usd, also other factors such miners etc. will make bitcoin rise faster after consolidation ends.

Well, bitcoin is quiet new in this market so basically they just love this maybe 5years ago. and I really believe that Chinese money is flowing with bitcoin because I know some of the whales are Chinese. That's a Chinese mentality, and they will surely grab this opportunity to multiply their net worth.

[Klovezio]

The Chinese will always prefer bitcoin over yuan or usd, also other factors such miners etc. will make bitcoin rise faster after consolidation ends.

Well, bitcoin is quiet new in this market so basically they just love this maybe 5years ago. and I really believe that Chinese money is flowing with bitcoin because I know some of the whales are Chinese. That's a Chinese mentality, and they will surely grab this opportunity to multiply their net worth.

I’ve heard of another news. People using yuan to buy altcoin - 1% of total market transaction. So money flowing into bitcoin? Now government bans cryptocurrency just in case of scammers creating useless ico.

[bird17]

I'm 100% sure that the Chinese also used to keep their money in bitcoin and other crypto-currencies despite the ban in the country

[pageraji]

i think yuan have dip because of financial war beetween USA and china, may be some people have turn from yuan to bitcoin or altcoin,,if this happen in china may be bull run is coming soon,,,

[ganjasmokingg]

I believe YES for the following reason:

https://www.wsj.com/articles/this-years-selloff-in-chinese-markets-isnt-like-2015-it-looks-worse-1530869403

As you are aware the Chinese control the Bitcoin hash rate and the miners and high wealth individuals have possibly started buying Bitcoin and this could accelerate!

The Yuan is under threat so  why not buy Bitcoin: This is the Chinese mentality!

This is a catalyst no one is talking about!

I do not think your point is correct. Although their value for money is being threatened, they have a lot of choices to preserve their property. buy real estate, invest in stock or buy gold and reserves. They will not buy much Bitcoin because Bitcoin is volatile and they do not want their money to be volatile.

[myhoho]

Chinese economy is still growing and this means they are going invest more in crypto.
But on the other side trump is getting angry cause of chinese economy.
So there will be more actions on crypto in this year.

[xenomorphe1]

You are dreaming or you are trying to spread fake news to hype your coins.

Chineses can't invest in Bitcoin and they won't do it just for your pleasure. Only Chinese companies are investing into Bitcoin and most do it outside of China.

There is always someone trying to create fake news to try to hype his coins... But it doesn't work anymore.

[allahabadi]

Chinese is definitely going in, but I would tend to disagree with your analysis.
It's not out of fear or anything but simply as a market.

[georgereyes]

Doesn't look like much is flowing in right now.

[qwizzie]

Chinese money nowadays comes in through Chinese offshore exchanges like ZB.COM for example, which ranks
number 3 and number 6 as market / exchange for Bitcoin.

Link : https://coinmarketcap.com/currencies/bitcoin/#markets

Unfortunately for Bitcoin its volume there has been surpassed by Dash.

Link : https://coinmarketcap.com/exchanges/zb-com/

This is however only one Chinese offshore exchange that i am aware of, there could be others where Bitcoin
has larger traded volume.

[nidacoinlove]

Chinese economy is still growing and this means they are going invest more in crypto.
But on the other side trump is getting angry cause of chinese economy.
So there will be more actions on crypto in this year.

Well It is not for the first time that USA got angry at a country. It was USSR who was victimised by them as it was a threat for the USA and the alleged countries. Now when they are seeing that Chinese economy is growing bigger and they are collecting more wealth than them in terms of global business, therefore US president and government machinery are angry on them.
Anyway Chinese has a great role in the development of cryptocurrency and if they are interested in investing it's a good sign for the growth of crypto.

[mrphilippine]

I believe the article is true. Lots of Chinese whales have hidden their assets to cryptocurrency that is why their is a sudden drop of market price to bitcoin. Let just wait for them to get on board again when the Chinese regulations have slow down.

[Laxus215]

Cryptocurrency is the future and Chinese President Xi Zinping have praised Blockchain and IOT technology. Chinese government wants to become the biggest sectors for the Blockchain technology business. If you have observed lot of Chinese projects are coming up and are already listed on the markets. Also the major hashrate of the Bitcoin mining is controlled by bitmain. All this points proves that Chinese mine is flowing into the Bitcoin.