You may want to read up on CYN devaluation and then after you read up on that, you may want to look at a correlation chart between CYN/BTC and CYN/USD for the last year.
The last I heard CNY was being devalued by ~ 0.5% rel USD? Is that what we're talking about here?
^ Thanks for taking the time to tell us how much this thread sux, and making a few pennies by spamming your eyeraping sig in the process, Sunshine "We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. Either they don't know what they are doing, but that is not very likely at this scale or they have some secret advantage that we don't know about." http://digital.di.se/artikel/knc-miner-grundaren-kina-har-fordelar-som-vi-inte-kanner-till (Swedish) (cross from https://np.reddit.com/r/btc/comments/4lpecd/we_cannot_possibly_see_how_the_chinese_can_get_a/)
Nah, that was fine, stet, you're not thinking straight.
UR a herbivore, you wacky vomit-chewer, you don't eat meat (other than when humans grind up your young and feed them to you). Which is probably what happened, since that's the primary cause of the dreaded mad cow disease. Please turn yourself in to the nearest slaughterhouse to be destroyed right away. Go go go!
Not sure why well known bears are laughing & posting smilies. I highly doubt they would have expected or been prepared for the rise we've had.
I guess many shorters are under water now.
I don't think you understand bear mentality. The main difference between bears and bulls is how they see each other. Bulls see the noble bear as an enemy, something to rage against. The superior, rational bear is far more pragmatic, and sees you for what you really are: food.
P.S. Intelligent bears aren't always shorting. Most of the time the bears are hibernating in the safety of fiat, doing nothing. Occasionally, they see an opportunity to make some money by shorting, so that's what they do.