Post
Topic
Board Speculation
Re: Chinese influence on BTC price
by
alexsandria
on 26/11/2016, 02:23:48 UTC
What are the main drivers of BTC price change in China?

What are the trends?
 

USDCNY atm.

coiners there buy when it goes up. this takes BTCUSD with it.
always when BTCUSD goes up, look for the reason in CHina lol

china is giving the big part of bitcoin trading and of course with the price and we all know about this, anything goes with bitcoin, then we should take a look with china market exchange, its happen with up and down price. if traders from china decide to make the price is down, then the other market will be follow.
I agree on that. Most bitcoin holders are chinese. Since in their country all of people them dream not to be a employee but to be a businessman, they would invest on a business that they know they would earn. I like to mindset of their country, sooner they could be the most influenced country in terms of trading.