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Title: [2017-02-08] Chinese Citizens Troll PBOC and Prop Up Bitcoin Post by: Slow death on February 08, 2017, 04:07:03 PM Chinese Citizens Troll PBOC and Prop Up Bitcoin The China Money Network released a “special commentary (http://www.chinamoney.com.cn/fe/Info/35794132)” which says Yuan fell “slightly lower than the end of December last year, but the rate of change is not large,” according to a google translation. Zooming out of Yuan’s charts, the currency has fallen to its lowest level in seven years. Moreover, China’s reserves have fallen below the significant psychological threshold of $3 trillion, its lowest in five years, raising questions on whether the People’s Bank of China (PBOC), China’s central bank, can continue maintaining Yuan’s value – which fell yesterday. Nonetheless, PBOC’s Weibo account, China’s Twitter, linked to the commentary highlighting: the “index of the RMB exchange rate depreciated slightly.” “It can’t be mentioned” – one Chinese citizen replies sarcastically referring to news earlier in the year that China had ordered Chinese bitcoin exchanges to “not mention devaluation (https://www.cryptocoinsnews.com/not-mention-devaluation-china-tells-bitcoin-exchanges/).” “Unscrupulous Bitcoin only up not down. Pity my hard-earned money, hit my central bank face.” – replied another. https://www.cryptocoinsnews.com/chinese-citizens-troll-pboc-prop-bitcoin/ Title: Re: [2017-02-08] Chinese Citizens Troll PBOC and Prop Up Bitcoin Post by: arransiv on February 08, 2017, 04:14:15 PM So now it is pitting the Chinese against the Chinese to get the price to increase?
Isn't that like a sort of black on black crime to drive down the black population in an attempt by the by white national trump supporters in America? :-\ |