China Influences Cryptos, Like It or Not!

[iqlimasyadiqa]

China Influences Cryptos, Like It or Not!

Researchers from Princeton University and Florida International University are showing a new picture of Bitcoin’s misty world. Ben Kaiser, Mireya Jurado, and Alex Ledger teamed up to analyze the Chinese influence on cryptocurrency’s poster child — Bitcoin. The Asian socialist regime, which extensively monitors its Internet and has remained relatively negative on the scope of […]China Influences Cryptos, Like It or Not! …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33175/china-influences-cryptos-not

China is a very large country, therefore it is not a strange thing when China gives a big influence on the development of bitcoin worldwide. China cannot be separated because the transaction volume and market share owned by the Chinese state is very large.

[andika2018]

China is one country that still restrict cryptocurrency for transaction. China right now is one strongest economic country in the world and i am believe when they untight regulation about cryptocurrency, china will influence cryptomarket and make a big movement in market

[ranman09]

If this was 2013-2015, I believe that China has a lot of influence over the crypto markets. But today, I don't think there's much weight to their existence in the crypto world except for their miners and a lot of machines coming out of their country. Control over the markets have been distributed for the past 2 years, and we have witnessed that during the ATH. Any news coming out of China has been ignored since 2015 after their on-off stance regarding bitcoin and since then, traders are ignoring anything about China.

Agreed. China's miners left their country and spread out to other countries. They made their countries power over bitcoin decrease. But I still believe they have some miners left in their country. Bitcoin is untraceable. Well, maybe they'd be found through high bills for high power consumption?

[suprex333]

China is able to provide enough effect for the development of crypto, with Chinese influence the stock exchange trade is also a little worrying, this country makes the crypto value slightly shaken. Chinese games about crypto will be a lesson for crypto holders.

[geminiboy]

China Influences Cryptos, Like It or Not!

Researchers from Princeton University and Florida International University are showing a new picture of Bitcoin’s misty world. Ben Kaiser, Mireya Jurado, and Alex Ledger teamed up to analyze the Chinese influence on cryptocurrency’s poster child — Bitcoin. The Asian socialist regime, which extensively monitors its Internet and has remained relatively negative on the scope of […]China Influences Cryptos, Like It or Not! …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33175/china-influences-cryptos-not

besides mining which is popular China is a big investor of bitcoin / cryptocurrency in the world, whatever the bitcoin / crypto turmoil in China can affect the value of bitcoin, that's right in my opinion

[Al-e_x]

we know, that crypto enthusiasm in China is very large, and the big factor that affects the value of bitcoin can reach 20K by the end of 2017 is a high volume of crypto trading in China.
they are greedy, and never satisfied, they also want to control bitcoin trading.

[franky1]

china is one person.. didnt you know?
....
oh wait china is billions of people all with their own brain.

so even if "china"(sarcasm of: one entity) did own the hashpower(which they dont). we can still rip apart that "china" is a single brain

..

so to all those with the typical racial mindsets that sound like they love to read reddit and watch fox news ill say this.

when you look into the sky and see these machines in the sky with a tail of vapour behind them. they are not chemtrail dispersing machines. they are called this thing known as an aeroplane. yea surprising right. people get on aeroplanes and actually leave a country. oh and there are over 200 countries. i know you have the belief there is only usa, mexico, russia and china and they all hate each other and people should avoid leaving america and instead need a wall. but if you get on a aeroplane you can travel AROUND the world. yes the world is also round, which i know surprises you also.

in short. try experiencing the diversity of the world and stop being narrow minded and spoonfed racial finger pointing crap
(p.s im white british.. in case your narrow mind auto-rages to want to declare that i must be chinese to point out racism against china)

[bayu7adi]

it is true, that China is an influencer of the cryptocurrency trend, every policy made by China, the public will feel that it is big news
for example, the occurrence of a crash when China banned its population from participating in the ICO, then Bitcoin at that time experienced a crash of about 20%, then FOMO happened which caused BITCOIN to number 19k in November - December 2017

[yeezycheezy]

Yes because china is greedy when it comes to money they want always in hype in my opinion

[figmentofmyass]

i can't find the post now, but someone made a really interesting point about this: if bitmain dominates the ASIC market and they're installing antbleed backdoors in all their miners, is it theoretically possible that the chinese government could leverage bitmain in a 51% attack? bitmain could remotely shut down active antminer machines that aren't participating in the attack. that would seriously cut down the number of "honest miners" on the network in an attack scenario.

china is one person.. didnt you know?
....
oh wait china is billions of people all with their own brain.

so even if "china"(sarcasm of: one entity) did own the hashpower(which they dont). we can still rip apart that "china" is a single brain

isn't the issue the chinese government? that is one single entity. granted, there is always internal disagreement within the CCP, but we're not talking about chinese people in general.

[udidrone]

From deep of my heart i don't like it because they always do that everytime, hype or fud. But if that can make bitcoin price increased, i will like and support it. Just don't like in past when they said banned bitcoin easily.

[Yaunfitda]

One of the things that I don't understand most is this Chinese issue. Everyone expects a move from the US, but most of the mining activity is being done in China. I don't know if Bitcoin could have survived without Asian countries.

Because of the abundance of electricity plus their environment as well, that's why China is really suited for mining. But as I have said, Bitmain is slowly looking for viable place as well.

1. https://coinninja.com/news/bitmain-expanding-in-u-s-and-bringing-jobs/
2. https://www.coindesk.com/bitmain-expands-to-switzerland-as-china-cools-to-bitcoin-miners/

[celot]

I like China because its the first country have allowed for using bitcoin transaction and have support ico investment and bitcoin mining project, although last year they have banned bitcoin transaction but China have give positive effect for developing of bitcoin.

[Kakmakr]

China has the biggest population in the world, so it is expected that they will have a major influence in any market, when they participate in that market. I think the impact of the Chinese are hampered by their strict government regulations and this will cancel out most of the influence that they will have in the future.

China is a economic giant and they have a very disciplined and hard working workforce, compared to other countries. They are also more technically advanced than most countries.

[kucritt]

china is the great country, and they use the human resources and many think to get some profit from it, and we all know the biggest mining farm is in the china, there are many miners that mine bitcoin, so yes i believe about you, that chine is influences cryptocurrencies and bitoin

[evichi]

China population as well as affordable electricity could be reasons to influence cryptocurrency. However, Japan, Korea, etc. is gradually taking  the lead because of the ban China government/bank imposed on cryptocurrency activities. The trend could shift if Chinese government continues to clamp down on cryptocurrency activities.

[goodluck0319]

this is a misconception, because bitcoin power can be obtained not only by China

[khaled0111]

No Bitcoiner would accept or like it.
Cryptocurrency enthusiasts do not like centralization especially when it comes from governments.
No country should influence cryptos.

[airdagon]

everyone knows that China influences a crypto, but they have bad actions, they are greedy and want to master the crypto world.

China is able to make Bitcoin reach $ 20K, and China is also able to make Bitcoin fall until today.

[ngm22585]

Hard to deny the influence, but one thing is for sure: China cracking down on crypto won't change the fact that blockchain will change the world.

The ironic part is that half of China's banks use blockchain technology while the government cracks down on ICOs, haha

The banks there are threatened, plain and simple.