Maybe next week the price will rise not now.. But it helps for those who tradind in bitcoin.. he can make 4-7 usd every time he buy 410 and wait for the price to high and sell it..
Bitcoin will rise. The chinese are looking for ways to transfer their own currency and bitcoin is easy accessible being online.
They can push bitcoin's price to limit's we've never seen before.
I just read an article today and saw that there are more ways for the chinese to get coins exchanged. However bitcoin is the main and easiest way.
If that will happen. The price will Peak. And i mean really peak. Over 3 times at least. However it's an if so make sure to invest wisely and with money you can afford to lose.
The chinse are going to pump the bitcoin and it will surely reach a high amout in the coming months.
I love the idea of bitcoin and will invest more because i trust this currency.