Post
Topic
Board Speculation
Re: the China PBOC event explained
by
zhangweiwu
on 10/04/2014, 09:54:24 UTC
xiexie zhangweiwu!

Really, thank you for all the information you give us.
It makes a lot of sense and means the dip we saw today might just be the beginning.

If you are patient enough to followed my advice and waited till now, my understanding is that market price has consumed negative news and negative expectation. The Chinese saga is close to an end. More bad news from Chinese government are expected but market price pretty much contained it. There will be no dip in price by 15th April unless there are bad news not from China's government.

I think, if you want to buy, now is about the time. The chance of a further dip rely on a Chinese major exchange's insolvency, most investors shouldn't wait for that kind of bad news.

P.S. I predicted the fiasco 9th Jan 2014: it will not declare a war against bitcoin but cripple bitcoin operations in China. So there are a certain level of confidence in me.