For now, $$$ prices are pretty ugly too.
Good news (from somewhere) will come and prices will rise.
Topic: Do not expect value-based investors in China to hold a bottom - page 2. (Read 2487 times)
lol @ value investors. The Chinese are the biggest bag holders of bitcoin, once the fiat restriction is confirmed by the PBOC they will all panic sell.
Every time your country panic sells, we buy. Pretty soon, the majority of BTC will be back in U.S. hands. And long term, the U.S. will have the predominate amount of bitcoin holders of any other country.
Indeed it is a buying opportunity. Unfortunately if all coins change hands, that justifies China government's fear of Bitcoin as a western ideology and thus is a road-block of the next 5 year's bitcoin development in the world - that is, if this government managed to exist for another 5 years.
Every time your country panic sells, we buy. Pretty soon, the majority of BTC will be back in U.S. hands. And long term, the U.S. will have the predominate amount of bitcoin holders of any other country.
So yeah China, please keep panic selling. The new currency war has begun!!
So yeah China, please keep panic selling. The new currency war has begun!!
Finnaly reverse trade for USA
Every time your country panic sells, we buy. Pretty soon, the majority of BTC will be back in U.S. hands. And long term, the U.S. will have the predominate amount of bitcoin holders of any other country.
So yeah China, please keep panic selling. The new currency war has begun!!
So yeah China, please keep panic selling. The new currency war has begun!!
I explained this view many times. Even the weathered players on the market are opportunists, vary on degree. Going to fall hard for days, not a splash-fall-and-back-soon. Price difference between China and Bitsamp is only 4.23% - last Government ban caused a 20% difference.
P.S. I reserved 200,000CNY for this predictable fiasco - at the time the price reach 4000, I think a Chinese ban flash-crash would reach 3300CNY so I placed bid there. It was triggered in the precursor cash (a few d ays ago when Bank of China romoured to ban), now with the real crash I wasn't prepared. Pity, because now I expect it fall below 2500CNY.
P.S. I reserved 200,000CNY for this predictable fiasco - at the time the price reach 4000, I think a Chinese ban flash-crash would reach 3300CNY so I placed bid there. It was triggered in the precursor cash (a few d ays ago when Bank of China romoured to ban), now with the real crash I wasn't prepared. Pity, because now I expect it fall below 2500CNY.
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