We are at the mercy of chinese traders. They get the news firsthand and sets the Trend, some bots that follows CNY movements eats part of the cake.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
Unfortunately, exactly that and I hate that, and that's why I am cooling from all this. If crypto wasn't so kinf to me and made mo so much money I'd just screw all of this.
They're doing whatever they want with us, Bitcoin is Chinese hostage.