Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?
most of the users of these exchanges who had any major amount had enough experience to withdraw all of it in the short couple of days window they had before they disable withdrawals. people you see now that are stuck there are small time traders with low amounts. in other words whales are out.
if and when the exchanges come back, not much is going to change. but depending on how the market reacts it can go both ways. we may see a new wave of FUD saying Chinese are dumping and we see another dip. or we can see another wave of hype saying China is back and is buying now and we see another short rise.
at this point it is hard to say. but in reality, what i said is happening and all those who went out, are already trading in other places. and some even buying OTC.
