Post
Topic
Board Speculation
Topic OP
New reason for bitcoin to skyrocket. Misunderstood chinese deposit ban.
by
myhoho
on 18/12/2013, 09:45:14 UTC
China has blocked the country’s Bitcoin exchanges from accepting new inflows of cash. The price fell and it's just ridiculous. I mean, if we suppose that people are smart enough to understand it but its never true... Lack of cash on chinese exchanges actually means that deposits are more valuable... They can sell deposited accounts from person to person. Thus, price should grow. They just need some time to understand that simple thing...