For a person who has spent a long time in the forum I cant believe that you can fathom that it will force their government to take more control of BTC. How are they going to do it exactly? Please enlighten us with a thorough explanation.

If they really had a way to control it they would have done it already.

I`m wondering about the btc price changes recently.

Is the bitcoin price $1050 only because of China?

If yes,there is a big problem with the bitcoin independence.

It is very likely that China will ban bitcoin in their country. The reason why they are limiting the the 50,000$ qouta to 10,000$ is that many Chinese are laundering money using bitcoins in their country. Such limit is also one step to hold the dollars in their hand so as not to have economic crisis in their country. Lastly it is possibly that China will ban bitcoin if they launch their virtual fiat currency soon.

I'd imagine that the price $1082 from Coinbase and Bitstamp now is not only because from devaluation of yuan in China but is also due to demonetization in India, and the hyperinflation in Venezuela. Mainly the rally today and previous 5-6 days is coming from China and we can look the price of chinese exchange now is $1121 Bter. Therefore there is an increased demand of coins in China.

I also think it is one of the reason, but it will be quite hard to know all of the reason behind any price pump or dump.
However this limitation can easily encourage more Chinese to hold more and more bitcoin.

The Chinese have multiple currencies they stash into and with this happening BTC will become more attractive.

I know people living off faucet opportunity, despite this being a repeat crisis it looks as if more money will be spread out. In many places foreign fiat is better to keep money in than their own.

Yuan devaluating? What happened to all those people shouting Renminbi tied to gold was going to be the next new world currency? Sounds like they were just stalling for the upcoming disaster then.

If China was really a big player when it comes to the price and traders, then it surely would have had a serious impact in the price as $50,000 is peanuts for decently sized traders.

Just look at how the price is moving up where western exchanges are now steering the price to new highs, while China can't do anything other than following. It used to be exactly the opposite, lol.

China has lost its position and rightfully so. They were causing massive amounts of volatility due to their horrible 'investment' strategy that has more to do with gambling rather than thoughtful trading.

I think it is possible that the Chinese government is buy bitcoin secretly.