Quote from: MoveCrypto on January 09, 2017, 07:49:21 PM

Quote from: 4theLOVEofCrypto on January 09, 2017, 07:15:52 PM

Quote from: poloniexwhale on January 09, 2017, 05:09:26 PM

Quote from: PikachuYou on January 09, 2017, 05:07:12 PM

BTC about to get rekt apparently....

http://finance.sina.com.cn/roll/2017-01-09/doc-ifxzkssy1565918.shtml

Any Chinese speakers who can confirm that this article says that Chinese officials are seeking to regulate BTC exchanges?

I use google and it says China will remove leverage and future trading? It is actually, because Chinese speculators are gamblers.

Probably rushed in new regulations as a result of the whale who lost 10 million on OKcoin shorting BTC

80% of BTC trade volume used to be in $ on a Japan-based exchange.

That got hacked for 650k BTC and completely imploded.

People learned from that experience that Bitcoin is a very resilient store-of-value. They're not dumping as easily as they used to on China fear.

Bitcoin still has value all over the world as long as there's internet, and there's 6 billion internet users located outside China.

You are correct. That's the important thing. The rest of the world no longer panics because of the chinese. I started to notice that last year when the market barely moved with the fear mongering from there