I've picked up some extra BTC over the last couple of days, in my hometown there was a local seller on LBC - a chinese man. He said he had to dump all his coins within the next couple of days and offered me 45 BTC for $150k. I don't have 150k laying around, but i picked up 3 for 10k
he said his friends had hundreds of BTC if i was interested.
Is a monster dump on the way?
I wonder what is stopping him from dumping immediately at an international exchange. A dump might be on its way, but there is no reason why the price being transacted now should be very different from the market price of Bitcoin. What happens in the future depends on Chinese regulators.