Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Threebits
on 18/08/2014, 06:29:55 UTC
Did anybody notice the China sell off?



My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there?  Thanks.

It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm.

The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.