All the action seems to have come from the Eurozone today -- all movement was during morning hours in Europe and afternoon in Asia.
During US daylight hours, things seem to have slowed down.
Quite a milestone in China, we breached CNY500. That's quite a chunk of change.
During US daylight hours, things seem to have slowed down.
Quite a milestone in China, we breached CNY500. That's quite a chunk of change.
Random theory: A lot of the new money is coming from Asia and Europe while most of the old Bitcoins were mined and held by Americans. As the new money comes in the old, weak, feeble hands of the Americans dump.
Now we have ASICs
, here is the grand plan of the imperial army:1. Mine a few 10Ks of bitcoins;
2. Putting up a Great Chinese wall, in case it's not enough fear, throw a few stones of coins down and scare the shit out of weak American hands;
3. Buy all the coins they dump at low price points;
4. PROFIT!!
