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44% of Bitcoin trade was on BTC China. This of course isn't 44% of all BTC in existence, but it is certainly almost half of the trade responsible for pushing the price up to over $1200.
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Trade, NOT ownership, you made the point yourself.
I trade with btc-e, does it mean my coins are now on russian/ hands? No.
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It's a good theory until you realize that they had tons of RMB on the actual exchange UNTIL the banking ban.
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What's your source?
Chinese can play for another month as far as I understood.