At end of October biggest Chinese exchanges will stop trading, BTCC, Huobi and OKCoin confirmed it. Some smaller ones already closed and others are in process of stopping.
BTC doesnt seem to care just crossed 4,400 USD mark.
But whats more interesting - coins that are mostly with chinese investors are pumping when everything else is in denial.
Top Gainers
1ST, Walton, Binance are pure chinese coins, traded on chinese markets only. NEO is currently spread among international investors but its "ethereum for china". Vechain is also chinese ICO, trading ie on OpenLedger.
Other Coins from Top100
In top100 Market Capitalization there is few other coins worth keeping eye on with mostly China as investors and all are in good condition. We can expect pumps on some of them so possibly look for good entrance.
- QTUM
- GAS
- HSR
- DGD
- BTM
- GXS
- TRX
- WINGS
- LRC
BTC/CNY out of Top18 Markets
OKC is top19 but crypto/CNY pairs are pretty dead now until this mess clears.
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Here's my theory... the 19th People's Congress is on the 18th... as long as everything goes ok the govt eases off an allows 'approved' exchanges. OkCoin and Huobi never shut down.
@g-dubs I think they are planning something and Chinnese will take advantage of all this news. If not it is diffficult to explain how their coins are pumping as they are. @gold84
I'm surprised poloniex is only 17! I thought it would be much higher
well at least the market isn't crashing yet
NEO and Gas; I loved the connection and how NEO creates Gas. I can't wait to see their future prices. Great post as always! Thanks for sharing!!
As Chinese government is cracking down on exchanges... Mean while In japan
A cake shop is accepting crypto. I wonder what the prices were like in their initial cake offering. :)
Wow! We will see many more businesses, who will accept cryptos in future. Seeing post like this always a good motivation for all of us! Thanks for sharing!
Hong Kong is the China back door.
Thanks for the post. I really focus on BTC, LTC, and ETH primarily. I'm sure I'm missing out on the speculation but I feel safer with the most widely accepted ones.
My bitcoin mentor always taught me to put your money where the strong money will go to in times of worry. The swings may be slightly less but you can handle the storm having more trust the fundamentals look good for the coin. #avoidfud #safercryptos :)
Safer cryptos? No such things.
i have a big bag on wings, hope to see a great pump!
Hope so too!
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The Chinese investors have a serious appetite for Crypto and will find a way to keep investing. They may end up with less options, but their money will still be in Crypto. This means the Crypto they can invest in will see a nice surge as the total investments will be funneled to a small group of Crypto's.
In a way China has made Crypto more appealing to those that invest in it. If Crypto wasn't scaring the Chinese government they wouldn't shut down the exchanges. If the gvmt is scared then those that don't trust their fiat currency see it as an even bigger reason to invest. And where there is a will there is a way...the money will flow.
This won't last for long.
Thanks for the info!
Hodl On.
thank for your great information and post.
Wow, a very interesting discussion.
I think its the reason of crashing values of cryptocurrencies in different exchanges... Now what will be the future of this evaluation in well progressed countries like China.
My bitcoin mentor always taught me to put your money where the strong money will go to in times of worry. The swings may be slightly less but you can handle the storm having more trust the fundamentals look good for the coin.
nice discussion...but it is bad news for china
Feel bad for China citizens, hope that, the goverment is doing this for their favour and it;s only temporary ban.
Thank you for sharing dear it is amazing and information for every one.really helpful post for us
keep it up.
and please friends follow me.
@mahmoodhassan
There are a lot of opinions about why/what/will it last, etc, but I'm really curious what will really happen both short and long term. Seeing the affect on specific coins currently helps, thank you.
Thank you for the insight! Keep up the great content.
Nice info
Though China is shutting down, Bitcoin market seems to be resisting the bad news. Unlike last time Bitcoin is holding it well around 4500 dollars which is a good sign for crypto market.
Appreciate the update on this topic, you're a reliable source of info ;)
great info!
It is very interesting whats been happening the last few weeks. I'm sure there is a lot of collusion going on, the only thing to decide is whether its a good thing or a bad thing. Some valuable lessons to be learned though, (which I have learned the hard way) keep some of your coins liquid for the dumps, when that chinese ico ban happened a few weeks ago, lots of coins could've been picked up for cheap... as long as you weren't already all in haha
Chinese are known to be reckless traders/speculators. Chinese behaviour also contributed to the closure of these exchanges - I don't see how exchanges can stop real true believers - not speculators from continuing with business. We have localbitcoins.com that connects individual buyers and sellers of coins.
hello, @kingscrown
NEO is gaining, Yay!
The big rumor: China is currently evaluating which exchanges to allow trading and which coins can be traded.
I was down on Neo for a while when it crashed to $15.00 but I'm reinvigorated by it now at the current price and it's just going to go up from here. Plus getting free Gas is very nice!
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Even though Chinese exchanges are closed, I believe it is natural that transactions will be done elsewhere. Among them, it is natural that prices will rise if they are popular.
thanks for the information. what your news is useful for us all ..
Nice article @kingscrown. This may be helpful as well.
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Appreciate the update on this topic, you're a reliable source of info
Well, after all is said and done, China will have to shut down the internet if they really want to have complete total control. Other than that, they will only try to regulate but the will of a united people is far too strong for them to handle.
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