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Title: why are the Chinese selling all their BTC Post by: rkinnin on August 19, 2015, 12:11:48 AM If you follow the transactions most of the selling and buying [not so much] are coming from China. Whats going on over their this morning that has caused this sell-off?
Title: Re: why are the Chinese selling all their BTC Post by: goxed on August 19, 2015, 12:14:47 AM If you follow the transactions most of the selling and buying [not so much] are coming from China. Whats going on over their this morning that has caused this sell-off? Must be margin calls. Or rush to liquidate, since the stock market's been crashing down all week. Title: Re: why are the Chinese selling all their BTC Post by: zeroday on August 19, 2015, 12:15:22 AM May be because Chinese love losing money on trading ?
Title: Re: why are the Chinese selling all their BTC Post by: BitcoinAddicts on August 19, 2015, 12:17:54 AM If you follow the transactions most of the selling and buying [not so much] are coming from China. Whats going on over their this morning that has caused this sell-off? Who knows? maybe it is a trading strategy to create a panic and buy low Title: Re: why are the Chinese selling all their BTC Post by: techgeek on August 19, 2015, 12:19:40 AM They probably see better ways to invest outside from btc. or dont want to deal with the volatility.
Or either they can find themself buying a home in the states which I read a cnn article that most median chinese households can do now. Title: Re: why are the Chinese selling all their BTC Post by: randy8777 on August 19, 2015, 12:21:57 AM They probably see better ways to invest outside from btc. or dont want to deal with the volatility. Or either they can find themself buying a home in the states which I read a cnn article that most median chinese households can do now. chinese people like short term investments with high reward potential. bitcoin fits perfectly in that picture. this current decline is purely market manipulation. Title: Re: why are the Chinese selling all their BTC Post by: QuintLeo on August 19, 2015, 12:22:41 AM Yuan has been having some major issues of late, dropping a LOT despite support from the Chinese banking system/government.
Perhaps that issue finally got a serious positive resolution? Title: Re: why are the Chinese selling all their BTC Post by: goxed on August 19, 2015, 12:27:16 AM https://www.reddit.com/r/Bitcoin/comments/3hi1gs/emotions_and_uncertainty_are_at_a_high_right_now/
Title: Re: why are the Chinese selling all their BTC Post by: lissandra on August 19, 2015, 12:53:17 AM https://www.reddit.com/r/Bitcoin/comments/3hi1gs/emotions_and_uncertainty_are_at_a_high_right_now/ so basically its a bitfnex thing then a chinese issue. also op wheres your chinese source coming from that you read by anychance? its from reddit or what? |