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Title: China Post by: Alty on November 20, 2013, 09:29:33 AM Wonder why they are not buying atm?
http://fiatleak.com/ (http://fiatleak.com/) Title: Re: China Post by: lindatess on November 20, 2013, 09:37:46 AM They finally caught onto the wealth transfer scam and have become paranoid.
They even think that their stockmarket is controlled. http://online.wsj.com/news/articles/SB124414565463186247 Quote Meanwhile, the regulatory commission, along with the Shanghai and Shenzhen stock exchanges, has targeted share manipulation, corporate embezzlement, insider trading and pyramid schemes as it works to combat a widespread perception among individual or "retail" investors that the market is rigged. After gyrations in China's stock markets hammered investors' portfolios and battered their confidence in the past few years, few have been willing to invest for the long term. The chinese believe their housing market is also rigged as well. The government basically promises a certain rise in house prices. It's implicit. Ask some of your chinese friends. Alternatively, it could be that some huge chinese billionaire has finished transferring Yuan to a basket of currencies, CAD, AUD, USD, RUB. Thus there is no market for the coins anymore and the downward pressure is from the billionaire selling back out. Who knows... We can only make up stories, but yeah the chinese are a paranoid bunch when it comes to money. I don't see them speculating again in the long term. Title: Re: China Post by: Alty on November 20, 2013, 09:47:52 AM Perhaps they're all eating dinner at the same time.
But there's definitely a good reason why they've slowed drastically atm. Earlier today when I turned on fiatleak they bought about about 20 times less than the US over a 15 minute period. :o Title: Re: China Post by: bitcoinchecker on November 20, 2013, 10:00:16 AM Perhaps they don't like the idea that the US seems to be warming to Bitcoin.
Title: Re: China Post by: niothor on November 20, 2013, 10:03:26 AM Perhaps they're all eating dinner at the same time. But there's definitely a good reason why they've slowed drastically atm. Earlier today when I turned on fiatleak they bought about about 20 times less than the US over a 15 minute period. :o over a 15 minutes period.............let's all panic it's not the US there , its usd , i'm buying selling in usd and i'm not in the US. you trust fiatleak that much , why? Title: Re: China Post by: JMAHH on November 20, 2013, 10:03:55 AM Perhaps they just had their own bubble.
Title: Re: China Post by: PenAndPaper on November 20, 2013, 10:05:12 AM But there's definitely a good reason why they've slowed drastically atm. Slowing down is your way to describe panic sells? Title: Re: China Post by: JMAHH on November 20, 2013, 10:06:05 AM And by the way, USD has been leading the way in the sell-off, not CNY. Check volumes.
Title: Re: China Post by: Miz4r on November 20, 2013, 10:09:37 AM It may have something to do with the fact that the price is almost at $700 per bitcoin there now while it was $200 two weeks ago. Reality is kicking back in and they're all slowly coming back to earth. Up until they unleash the next buying frenzy ofcourse. ;)
Title: Re: China Post by: Alty on November 20, 2013, 10:59:19 AM But there's definitely a good reason why they've slowed drastically atm. Slowing down is your way to describe panic sells? Good point. I don't know how to see how much their sell vs buy? |