Quote from: Pettuh4 on February 22, 2017, 07:50:28 AM

Quote from: pinkflower on February 22, 2017, 07:13:58 AM

Quote from: pitham1 on February 22, 2017, 12:10:22 AM

Quote from: bikerleszno on February 21, 2017, 11:41:23 PM

Hello,
Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

It will be a positive as people will be comfortable about buying bitcoins and withdrawing them. It will be a return to business as usual.
But the date to watch is 2 days later, when a decision on the Bitcoin ETF will be taken.

I doubt anything positive will happen on both Chinese withdrawal issue and the BTC ETF's approval. This is what I think. Days before March 9 the Chinese exchanges will release statements saying that they will extend the ban on cryptocurrency withdrawals due to complications with the PBOC.

2 days later the BTC ETF's application will be denied. Hopefully nothing of both will affect the price of BTC.

I beg to differ but both are going to influence the prices of Bitcoin on the exchanges. The ETF approval will definitely create demand and I think the Chinese withdrawal issues will also have positive effects on the prices because it will be possible to sell again and new supply and demand trends can push the prices higher.

You are without doubt not reading the posts you quote. I said the ETF will be denied because theres little chance for it to be approved. The Winklevoss said so themselves that they are not that optimistic with their chances. How will it create demand if its not approved?

The People's Bank of China are just beginning. Lets wait for more these coming months.