Quote from: MatTheCat on April 15, 2014, 01:32:13 PM

Quote from: Mervyn_Pumpkinhead on April 15, 2014, 01:28:11 PM

Quote from: kooke on April 15, 2014, 01:25:33 PM

Buyer confidence has been restored as April 15 is upon us and Chinese exchanges are still operating, hence the small rally.

The Chinese whales are gradually dumping the coins, while China is gradually banning BTC.

No connection there whatsoever!

Bears get to gloat, Bulls get to gloat, but in the long run, only those who are loading the dice actually get to win.

China is fucking with Bitcoin big style. This rally was all instigated on fake China volume on Chinese exchanges, and the crash will come with real Chinese volume on the USD exchanges.

This time it actually wasn't all fake, but caused by people who are migrating their fiat to western exhanges through BTC. Right now most of the fiat has piled up to BTC, but it's pretty fragile and will start to fall as soon as the volatility slows down.
You can see it by Huobi leading the rises, but BTC-E leading the drops. People are buying coins in China and selling them in the western exhanges.