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Title: The future of BTC China Post by: ringsting on December 19, 2013, 09:17:27 AM I have a chunk of fiat sat on btc china and am trying to figure out what to do with it.
There is a pretty decent arbitrage opportunity at the moment but at the same time my guess is that this likely to grow. At the moment there really are only sellers on the China market which is what is pushing the price down. My guess is eventually the coins will become more and more worthless and so cheaper to buy? Anyone any ideas? Title: Re: The future of BTC China Post by: Lloydie on December 19, 2013, 10:08:50 AM Given china's best efforts at killing btcs resulted in Btc still trading at $500 to $600, as of now, I'll let you make your own conclusions.
Title: Re: The future of BTC China Post by: dg2010 on December 19, 2013, 10:43:29 AM Anyone any ideas? I think most decent traders will have put some BTC into China and sold out long before now and will be ready to hoover up cheap coins. So I don't buy this idea that BTC China is gonna head to 0, it won't. There are too many shrewed people playing with BTC in China. Personally I would get all my money out of China, there were some great low points yesterday, make a little on the arb now or just hold for longterm depending on your outlook. |