Post
Topic
Board Speculation
Re: Insider: China gov warns citizen about the incoming crack down on exchangers
by
chaser151
on 06/11/2016, 16:13:18 UTC
Bitcoin market rate in CNY already falls below negative value compared to USD and EUR market.
~~

Bullshit in the first line so we don't even have to read on to see what the hell he is talking about.
here are the so called negative values in CNY:
OKCoin:   4,825 CNY =    714.28 USD
BTCC:    4,815 CNY =    712.81 USD
Huobi   4,821 CNY =    713.73 USD

and by the way these three exchanges have 2,549,523,000 USD combined volume in the last 24 hours alone with their prices even higher than USD markets.
Yes actually price have already got effected due to fud few days ago and no any traders with little bit of common sense gonna fall into same FUD again and again. Market have already reacted on fud due to panic traders and now whales seem to getting ready to start another big pump wave.

USD/CNY =          6.7565
OKCoin:   4,721 CNY =    698.73 USD
BTCC:    4,718 CNY =    698.29 USD
Huobi   4,722 CNY =       698.88 USD
Bitfinex =             702.85
Coinbase =             705.95

used to be +$20/+$40 premium price dropped to -$2/-$10 negative compare to usd eur market.