Many of my friends and fellow bitcoiners made extra funds available in their exchanges in preparation for Chinese New Year, I know I did : )
Thus far, nothing has really happened, yet......
Seemed logical that BTC price might of moved South. Although now CNY/RMB deposits via national bank transfer appear all good (Huobi, BTCChina, FXBTC, BTCTrade - all via their own corporate bank accounts)
Surely price is going to increase (significantly) over next week??
Thoughts - Appreciated
Thus far, nothing has really happened, yet......
Seemed logical that BTC price might of moved South. Although now CNY/RMB deposits via national bank transfer appear all good (Huobi, BTCChina, FXBTC, BTCTrade - all via their own corporate bank accounts)
Surely price is going to increase (significantly) over next week??
Thoughts - Appreciated
China is socialist country. Remember? And, I think nothing happens without green flag from government. I'm still trying to get hold on China's ambiguous attitude towards virtual currency. First they let them rum hours and hours of documentary educating mass about Bitcoin. Then, when things start moving, they put hurdle and halts trade on biggest exchange. Thereafter issues warning and then allows Exchange to trade again. WTF!
Can someone explain what Chinese are trying to do here?
And yeah! I think, Central Bank will strike again.
Great point brother! Bobby Lee and Lin Li are smart guys, their companies have green flags from government for the moment. I have Cantonese heritage - today my folks all met up to celebrate Chinese New Year, spoke to my uncle and he's being saying the Chinese media have really portrayed BTC negatively. Media manipulation at it's best?
