|
Title: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: Bitcoinpro on August 11, 2015, 12:18:18 PM wow wat a suprise even an unmovable currency .......... moved
http://www.bloomberg.com/news/articles/2015-08-11/china-weakens-yuan-reference-rate-by-record-1-9-amid-slowdown worlds biggest Paper Tiger got Railroaded Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: fenican on August 11, 2015, 12:24:49 PM The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference.
Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: Lauda on August 11, 2015, 12:27:25 PM The article is a bit long though. In situations like these Bitcoin does seem like the ultimate safe heaven, does it not? However, OP has posted a misleading title. There is no Bitcoin reference within that very article.
The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference. Obviously it is a significant decline compared to the ones in the past.Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: Bitcoinpro on August 11, 2015, 12:27:48 PM The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference. ur not sure about anything cuz Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: Bitcoinpro on August 11, 2015, 12:31:22 PM The article is a bit long though. In situations like these Bitcoin does seem like the ultimate safe he :Da ;Dven, does it not? However, OP has posted a misleading title. There is no Bitcoin reference within that very article. The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference. Obviously it is a significant decline compared to the ones in the past.it was team Fiat at Paper Tiger HQ trying write up a quick reply and they failed miserably :D Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: alva5763 on August 11, 2015, 04:47:06 PM Interesting to see how price of gold reacts as Chinese are large hoarders of gold.
Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: pitham1 on August 11, 2015, 04:50:55 PM The Yuan dipped because the Chinese government wanted it to. No other reason. :)
Title: Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge Post by: RodeoX on August 11, 2015, 04:51:31 PM I think the Chinese stock market is not getting enough attention. The government is now trying to control the market with capitol injections. How wrong is this going to go? A totalitarian communist regime is going to make decisions about quantitative easing?
I have divested about 20% of Chinese holdings and I fear it will bring down a lot of other Asian countries as it sinks. Ugly times ahead. |