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Showing 3 of 3 results by StrongHandsProfit
So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Re: Does China have a large part in the world of cryptocurrency?
China accounts for about 20% of the cryptocurrency volume in the world to date. They just sold off a majority of that in irrational panic so the impact they can have on BTC now isn't that much. Litecoin is different. They own most of that.
Read this article about their volume in crypto. It settles the mind considerably
https://www.c[Suspicious link removed]m/2017/09/11/bitcoin-price-falls-on-reports-that-china-is-closing-local-exchanges.html
Read this article about their volume in crypto. It settles the mind considerably
https://www.c[Suspicious link removed]m/2017/09/11/bitcoin-price-falls-on-reports-that-china-is-closing-local-exchanges.html
Re: Is China manipulating the price of Bitcoin and other altcoins?
I'm fairly certain that China has reacted to a misunderstood message to the news about exchanges and that the Chinese government only wants to stop the shonky ICO's from happening.
That's a good thing. It was a good move but could have been delivered at a better time. Or maybe not. Maybe it was best dropped when BTC was soaring to make minimal impact. The exchanges would be aware of problems already if it was true.
The Chinese government is very smart and have ethics and wouldn't bother with a pump and dump. They just invest some money into it and gain from tax generated from it also.
Cryptocurrency is a technological innovation and China likes to innovate. Also it's big money for them. Both in the business it supports and in the tax raised from the profits.
I think when the dust settles and the Chinese people realize this is the case and that even when China regulates Cryptocurrency that trading BTC is fine then they will buy back in at a fast rate.
Anyhow Chinese can put their cryptos into paper wallets and use a vpn and even a decentralized exchange to trade so the Government don't want to force it underground.
I expect China to start buying back into BTC within the next week.
That's a good thing. It was a good move but could have been delivered at a better time. Or maybe not. Maybe it was best dropped when BTC was soaring to make minimal impact. The exchanges would be aware of problems already if it was true.
The Chinese government is very smart and have ethics and wouldn't bother with a pump and dump. They just invest some money into it and gain from tax generated from it also.
Cryptocurrency is a technological innovation and China likes to innovate. Also it's big money for them. Both in the business it supports and in the tax raised from the profits.
I think when the dust settles and the Chinese people realize this is the case and that even when China regulates Cryptocurrency that trading BTC is fine then they will buy back in at a fast rate.
Anyhow Chinese can put their cryptos into paper wallets and use a vpn and even a decentralized exchange to trade so the Government don't want to force it underground.
I expect China to start buying back into BTC within the next week.