Topic: [2016-01-04] Bitcoin Price Not Affected By Chinese Stock Market Crash (Read 350 times)
January 04, 2016, 04:26:53 AM
For the time being, bitcoin is not known to many people. It is not treated as an asset like gold, so the price is not affected.
January 04, 2016, 03:38:50 AM
The financial situation in China is anything but stable right now, as the continuing devaluation of the Chinese Yuan is causing a lot of worry and confusion. To make matters even worse, the country’s entire market crashed yesterday, leading to an emergency stop all trading activities. When all was said and done, the stock market lost 7% of their value in less than a day, and more chaos would have ensued if trading hadn’t been halted at that time. Time for plan Bitcoin in China by the look of things.
http://bitcoinist.net/bitcoin-price-not-affected-by-chinese-stock-market-crash/
http://bitcoinist.net/bitcoin-price-not-affected-by-chinese-stock-market-crash/
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