So they're finally going to get their BTC unfrozen from the exchanges? How do you think this would affect the exchange rate? I mean, it been steadily going up, would the price go down as those coins come back or will it go up?
do we know how many echanges and how many bitcoin frozen?
Last I remembered in the news, it was 3 exchanges. Don't know how much btc was left in there when they halted all withdrawals.
So they're finally going to get their BTC unfrozen from the exchanges? How do you think this would affect the exchange rate? I mean, it been steadily going up, would the price go down as those coins come back or will it go up?
it is very hard to predict things because usually what you logically predict will not happen and instead what people think is best will happen
for example if they need a correction the FUD will be Chinese are gonna dump, run for your lives and price comes down.
if the time is good for rising, then the FUD will be Chinese are coming back to pump bitcoin, buy for your lives and price will go up!
but I think in reality, since Chinese bitcoin price is so much lower than everywhere else, there will be a lot of buying instead where people deposit a lot of fiat (CNY) to buy cheap coins.
Well, it looks like we really just have to wait and see. This is the exciting (and nerve-wracking) part of bitcoins. I mean, it's always nice to hold but I fancy I might make some money selling before a dump. Seems FUDs are having less effect on people now.
