Post
Topic
Board Speculation
Re: Bitcoin Prices Still Firmly Above $7000, Without China
by
criz2fer
on 05/11/2017, 21:07:35 UTC
Think about all the bitcoins held by Chinese because they can't sell them. Choking off supply has always been the most effective way to pump a coin.

Those are mainly coins held by miners, and they can easily sell by doing under the counter deals with various exchanges. Chinese can still travel, so a quick trip to Korea or Hong Kong is easy and the deal can be conducted there.


that is right, chinese can handle and make a rate control by their miners, because of that i hate chinese hahaha
but they are easily to travel to another country like you wrote up there,
Since their exchangers are down, they trade peer to peer just to sell their coins i na reasonable price. Although China is out of picture in the trade bitcoin will stay strong because of the blockchain system will replace the stock market in the future