China and the market | Bitcointalksearch.org

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: randy8777 on May 28, 2016, 10:45:16 AM

i find it very weird that chinese exchanges are leading with a +$30 difference. there has to be a reason for other exchanges not to catch up with china. i hope it's not again like last time when the mmm ponzi caused the price to surge insanely fast to $500. the coming days will be very important. if the price can hold its position then a lot people willl be happy.

It is said that this could be due to capital flights.If I'm not wrong the Yuan again saw some devaluation.
That could explain the huge gap between western and chinese exchanges.

randy8777

legendary

Activity: 896

Merit: 1000

i find it very weird that chinese exchanges are leading with a +$30 difference. there has to be a reason for other exchanges not to catch up with china. i hope it's not again like last time when the mmm ponzi caused the price to surge insanely fast to $500. the coming days will be very important. if the price can hold its position then a lot people willl be happy.

ahpku

sr. member

Activity: 294

Merit: 250

Quote from: Ovum on May 28, 2016, 09:54:54 AM

It seems that China is leading the bitcoin market for some time now.
So it's an exercise in futility to predict what is going to happen without knowing what happens there.

Thoughts?

In a highly manipulated, nearly unregulated market like Bitcoin, it's an exercise in futility to predict what is going to happen, period. Unless you're working with

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

I think that is because some of their exchanges are the most advanced when it comes to security and leveraged trading and they don't ask for too much personal information.

Ovum

newbie

Activity: 34

Merit: 0

It seems that China is leading the bitcoin market for some time now.
So it's an exercise in futility to predict what is going to happen without knowing what happens there.

Thoughts?

Topic: China and the market (Read 395 times)