The Chinese understand the long game better than anyone as one of the oldest civilizations and having existed through so many revolutions
The Chinese are interested in a large variety of markets including speculative markets
With the USD tied to the CNY, the Chinese need alternative value storage vehicles to hedge their bets against USD collapse
The Chinese were privy to a much more elaborate dialogue of the news we are only now accepting/realizing and have already done a lot of profit-taking
For every seller, there's a buyer who wants to profit, so the buyer has to realize that the market isn't going to last forever with no new funds coming in and sees an escape route that isn't visible to the naked eye.
All the arbitrage is going to leave BTChina, at least temporarily. The volume will inevitably drop significantly from this event and the price of BTChina will have a diminishing effect on the other exchanges once it's not #1 any more.
Mt Gox & Bitstamp are being scared into lowering their prices. The higher they keep them, the more incentive Chinese investors have to retain their Bitcoins and seek another way out.
If China had banned Bitcoin when the market valued it at a penny, it would have soared in value. China's statement is a testament to the power of Bitcoin, albeit bad in the short-term by causing mass panic and further speaking to the "instability of the currency".
The problem at BTChina is temporary. Either BTChina goes up in smoke and they liquidate their coins into the other markets or they find another payment processor solution.
Current price is $483 at MtGox and the equivalent of $350 in BTChina, these spreads will continue to increase as they have been over the days/hours because MtGox and Bitstamp know the value of Bitcoin despite this market manipulation, this could find MtGox looking at prices around the last high of $266 while China could find itself at $120 USD.
With all the news on Bitcoin, there is enough money lying in wait to purchase it at a variety of points. Is it enough to keep it above $250?
The old idiom should work backwards if it's about bad news: Sell on the rumor, buy on the news, right?
Our worst fears are confirmed, 50% of the market is experiencing a collapse and dragging the rest with it. The MSM will make this big, will talk about the bubble of Bitcoin, its imminent collapse and all their I-Told-You-So's. This is normal. On the counter side, there will be arguments for free markets and the restrictiveness of the Chinese marketplace. If any other country follows China's lead, they look dictatorial.
Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. Bitcoin history for 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019. Bitcoin price chart since 2009 to 2019. The historical data and rates of BTC ... Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung (Bitcoincharts).Wenn Sie Bitcoins kaufen möchten, können Sie sich hier anmelden.In unseren Bitcoin.de FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können. Kommentar: Die Charts zum Price Action weisen den Pump zum End of Day candle printing nach. Die Daily Candles von heute bekommen so eine ganz andere Bedeutung. Kommentar: XRP 2. Sell signal, bearish engulfing . Kommentar: Bitcoin . Kommentar: Kursziel des Sportsfreundes (s.o.) ist übrigens 10 USD für XRP. Dies wäre dann ein total market cap von 1.000 Mrd. USD. Aktuelle net in/outflows in ... Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56% . 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM 7:48 AM. Market cap $ 242.4B. Volume (24 hours) $ 23.6B. Circulating supply 18.5 M BTC. About Bitcoin. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ...
THIS BITCOIN CHART IS REACHING NEW HIGHS!!!! - YouTube
AMAZING trading system with two alt coins https://youtu.be/P7XDpbhng2w Part One of Trading Series https://youtu.be/M8iKAxdAEQ0 BITCOIN (BTC) wallet 371sY35Jk... You need to see this bullish Bitcoin price formation! Huge news! BITCOIN TODAY: In this video, I'll go through the Bitcoin news today & I'll make a Bitcoin p... Share your videos with friends, family, and the world JOIN BEST BROKER https://www.exness.com/a/s1oao0c5 Lets see what is next target of bitcoin, bitcoin,xrp,bitcoin live,cardano,litecoin,btc,chainlink,ethereum,... *ALERT* BITCOIN CHART IS ABOUT TO MOVE!!!!! #CRYPTO The stock market , cryptocurrency like bitcoin and vechain , along with gold and silver are poised for bi...