Topic: BTC price should have risen after China froze exchanges - page 3. (Read 1854 times)
Even if this did result in a smaller supplky due to frozen coins people are still going to panic since china is/was such a big player in the game. Thankfully china and the pboc seem to be having much less of an effect on the price now which is good all round. Ive used this opportunity to buy a bit more in the dip. It might go down more tomorrow i dont know but if it does best to make the best of it while you can.
Fear tactic. BTC holders at other exchanges start to worry the same freeze might happen to them.
You can still get money out of those exchanges by selling your BTC. Who wouldn't do that just in case? And there certainly won't be as many buyers as there once were on there.
Ah. That makes sense. I didn't know they could sell the BTC.
You can still get money out of those exchanges by selling your BTC. Who wouldn't do that just in case? And there certainly won't be as many buyers as there once were on there.
The supply of circulating BTC is now less, at least for a month or possibly longer. Should not a decrease in available supply increase the price?
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