I see three green candles so in my book it looks like an uptrend is coming, hope it pulls through.
I want to shout this again "TO DA MOOOOOOON!!!!!!!!!!!!!!!!"
I want to shout this again "TO DA MOOOOOOON!!!!!!!!!!!!!!!!"
Yeah, it may bounce a little higher....for now, but it will be temporary.
China is clearly winding up any open dealing of Bitcoins. BTC China was the last time I checked responsible for 44% of the entire Bitcoin trade volume. There are still lots of Bitcoins in China and these people need to cash out.
Nothing could be more clear regarding Bitcoins near term future and could well be remembered as a near death experience.
"TO DA FKN BASEMENT!!!!!!!!"
I honestly can't see why Btc china cannot restart in HK or Macau? Anybody want to chime in with some inside info?
Because it doesn't help mainlanders. Hong Kong and Macau are basically foreign countries (you need a type of passport to visit them) and you cannot freely transfer fiat to them.
Last I checked, gambling revenue in Macau was still rising. Also, I see plenty of rich Chinese hanging around HK and Singapore.
Sure but the rich Chinese in HK and Singapore dont need BTCC. They already have access to international markets. BTCC gives access to the middle class (dont get me wrong - there is no shortage of whales on there but I do wonder how many of the whales are actually Westerners in disguise).