Topic: This is what really happened to Bitcoin in China (Read 2289 times)
BTC cannot be used to pay for goods and services in China, Transferring a BTC from China to another country has zero effect on the Chinese economy.
I think all Chinese bitcoin owners are trying to sell all they have and get their money out of the platform, if they don't have a foreign bank account. As far as I know, very few Chinese people have foreign accounts
Nice article. I still think it might just be the excuse the market was looking for to make a correction, but I guess we will find out soon enough.
The article is a great summary of what happened with BTC in the last days.
Good article...it sums up my thoughts about this correction quite nicely.
If you actually read it you may even understand that it wasn't a correction but a crash just like the author of the article states for like 100 times.
In any case i like his approach although i think he is making a long guess here about the sez.
sorry but its not a crash even if he said it a 100 times
if you look at the charts
the one in april
there were 20% of the existing bitcoins put in the market for sale
and what happened ? all we saw was a dip back and a slow recovery and slow means in bitcoin times not in stock times
this time with all the bad news
only a 2% of the existing bits went into for sale
that was just a corection nothing more
Good article...it sums up my thoughts about this correction quite nicely.
If you actually read it you may even understand that it wasn't a correction but a crash just like the author of the article states for like 100 times.
In any case i like his approach although i think he is making a long guess here about the sez.
This is great, thanks for sharing!
Good article...it sums up my thoughts about this correction quite nicely.
Long text but read carefully. Soon we can have big comeback.
http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
So good opportunity during panic sell.
http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
So good opportunity during panic sell.
I bought some cheap BTC during this panic.
Long text but read carefully. Soon we can have big comeback.
http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
So good opportunity during panic sell.
http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
So good opportunity during panic sell.
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