China is buying - Something's coming up - page 2.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Karpeles on September 17, 2017, 09:30:05 AM

I guess someone with good contacts and US accounts is buying to do arbitrage. Maybe the exchange owner's themselves.

I think anyone would do the same, if they could.

If that would not be possible then BTC on one exchange can be $1 and on another $100000. Does that sounds normal to you? It is perfectly fine that people do arbitrage. Even if exchange owners does. This way price on expensive exchange reduces and price on cheap exchange raise.

alyssa85

legendary

Activity: 1652

Merit: 1088

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Quote from: Sukovsky on September 17, 2017, 08:40:49 AM

China is buying hell out of the market on okcoin. Almost 10k already.

Something's brewing...

It might be just short-covering, rather than anything real.

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: Karpeles on September 17, 2017, 09:30:05 AM

I guess someone with good contacts and US accounts is buying to do arbitrage. Maybe the exchange owner's themselves.

I think anyone would do the same, if they could.

doing arbitrage for ordinary people today is a very unfortunate thing. we should look at the risks we get later, because the unstable market of china can make all the horrible risks happen so easily.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

If you know the mentality of Chinese, that's not really new. So I believe that this ICO ban thing is just some propaganda. Let's watch.

Karpeles

legendary

Activity: 1162

Merit: 1000

I guess someone with good contacts and US accounts is buying to do arbitrage. Maybe the exchange owner's themselves.

I think anyone would do the same, if they could.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

Quote from: Sukovsky on September 17, 2017, 08:40:49 AM

China is buying hell out of the market on okcoin. Almost 10k already.

Something's brewing...

huh! you seem to be correct but i have to admit it is very strange! the volume is nearly 20,000 and the price has not moved much in this huge volume! it is as if there was a huge sell wall that was eaten into.

do you have more information on this?

(this is hourly chart by the way, which means that volume was within 1 hour:

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

The inability to buy and sell Bitcoin in a convenient manner is brewing, that's what.

It looks like Chinese folks are already planning their post ban trading options and it's going to be a lot more ramshackle than their current choices. They may as well either stock up or get rid beforehand. There's going to be a lot more friction once it's in place.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Nothing is "brewing". All the Chinese exchanges' prices are still the lowest if you convert them to the dollar. You can compare them with the other countries' exchanges here, https://coinmarketcap.com/currencies/bitcoin/#markets

That proves that the investors in China are still dumping Bitcoin, and the climb in price is a normal reaction by the market after a major sell down.

ragnar0k

full member

Activity: 154

Merit: 101

Quote from: Sukovsky on September 17, 2017, 08:40:49 AM

China is buying hell out of the market on okcoin. Almost 10k already.

Something's brewing...

They ran out of stuff to dump so they are buying more XD

Sukovsky

member

Activity: 107

Merit: 10

China is buying hell out of the market on okcoin. Almost 10k already.

Something's brewing...

Topic: China is buying - Something's coming up - page 2. (Read 1257 times)