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Topic: [2016-01-12] Shanghai exchange crash not to create demand for bitcoin (Read 312 times)

legendary
Activity: 1736
Merit: 1006
There are many financial experts who recommend being in cash during market crisis. I believe Chinese investors are waiting for a better entry point. Not sure that will happen for them, but you never know.
legendary
Activity: 1232
Merit: 1091
It won't happen directly. It will take time before these investors open their eyes and mind for something exciting as Bitcoin. If the markets around the world keep free-falling, then they might be open to look for another investment options. At this point they seem to find holding fiat a better solution.
full member
Activity: 224
Merit: 100
Shanghai exchange crash not to create demand for bitcoin
The recent slump of China Shanghai Composite index did not result in another rally of bitcoin. Chinese demand for the digital currency is already much above the usual level.
http://www.coinfox.info/news/4400-shanghai-exchange-crash-not-to-create-demand-for-bitcoin
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