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Topic: you can keep the price down for so long before it explodes! ($1060) - page 2. (Read 1219 times)

legendary
Activity: 3710
Merit: 5286
Don't get too excited another "inspection" is incoming.

Haha, yeah that comment nearly sent coffee shooting out of my nose.  Grin


A follow-up to the follow-up to the follow-up "inspection"?  Wink
legendary
Activity: 1722
Merit: 1000
Don't get too excited another "inspection" is incoming.
legendary
Activity: 1442
Merit: 1016
price broke the $1060 resistance on bitfinex recently and it seems to be on the rise. all the China and PBOC daram has slowed down and now price is rising again.

what are your thoughts on this rise?

i am expecting continuation this time, maybe even touching the $1100 again in less than 2 days.

I don't know.As soon as we hit the 1000€ again I could imagine another FUD attempt.
But as some others already have layed out the effects of it are decreasing. People don't fall for that sh** anymore so easily.
A run close to the old ATH would be awesome. Maybe we will see a really exciting weekend!
Fingers crossed!
legendary
Activity: 868
Merit: 1006
I didn't expect that we will see upward trend. No after 2nd PBOC intervention causing biggest Chinese exchanges to stop bitcoin withdrawals.
There is rumor that Chinese traders are starting to disregard government actions and attempts to curb bitcoin trading and are focused more on p2p trading.
This would explain mild bullish trend in spite of the ongoing investigation on money laundering in China.

Look at the price difference from OkCoin to Bitstamp/Bitfinex.

It used to the OkCoin the one with the highest price, that means china was dictating the market. Now the market leaders are not china anymore, and bitcoin keeps growing.

This simply means now china is looking at Bitstamp/Bitfinex for price reference, chinese price is now irrelevant.
legendary
Activity: 1288
Merit: 1000
I didn't expect that we will see upward trend. No after 2nd PBOC intervention causing biggest Chinese exchanges to stop bitcoin withdrawals.
There is rumor that Chinese traders are starting to disregard government actions and attempts to curb bitcoin trading and are focused more on p2p trading.
This would explain mild bullish trend in spite of the ongoing investigation on money laundering in China.
legendary
Activity: 1372
Merit: 1252
price broke the $1060 resistance on bitfinex recently and it seems to be on the rise. all the China and PBOC daram has slowed down and now price is rising again.

what are your thoughts on this rise?

i am expecting continuation this time, maybe even touching the $1100 again in less than 2 days.

The PBOC attacked again but you didn't even notice because the price kept going up and didn't even bother to dip a bit. They delayed withdraws for more time, this news in the past would have caused a crash, but china is no longer relevant.
hero member
Activity: 1036
Merit: 520
price broke the $1060 resistance on bitfinex recently and it seems to be on the rise. all the China and PBOC daram has slowed down and now price is rising again.

what are your thoughts on this rise?

i am expecting continuation this time, maybe even touching the $1100 again in less than 2 days.
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