I tend to agree the Chinese people need a new bubble to go into as their real-estate bubble may be coming to an end. And the large flaw of the Chinese is they love to hoard. They are known to count every penny like miser when they run a trading business.
So thus yes the ponzi bitCON fits them very well. Two peas in a pod.
But that doesn't mean China's government is sanctioning at some articles speculated. China can't lose control over Yuan FX too fast as their structural imbalances depend on it (read mpettis.com) and thus it will have to be managed. Expect China to step in and regulate when it reaches 15 - 25% of their cash economy as was case with QQ which they shutdown.
Topic: Bitcoin Flash Report - Heading into Asia Market (Read 2847 times)
I pulled a quick flash report, and thought I'd post it here. Hope it helps given all that's gone on today.
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