Bitcoin Forum

Economy => Speculation => Topic started by: spazzdla on January 05, 2017, 04:32:51 PM



Title: China selling.. America and others buying..?
Post by: spazzdla on January 05, 2017, 04:32:51 PM
Is this a transfer of bitcoins from the weak hands of the Chinese to the strong hands of everyone else..?

American exchange are now above the price of the Chinese, hasn't happened in a while. (Above the price as in if you convert on to the other it's selling higher on the American ones)


Title: Re: China selling.. America and others buying..?
Post by: njcarlos on January 05, 2017, 04:36:37 PM
Is this a transfer of bitcoins from the weak hands of the Chinese to the strong hands of everyone else..?

American exchange are now above the price of the Chinese, hasn't happened in a while. (Above the price as in if you convert on to the other it's selling higher on the American ones)
I believe so. Someone mentioned the Yuan strengthened last night, but I haven't had a chance yet to read int'l financial news.