If China shut down there exchanges. Won't the chinese just continue use western exchanges or open new exchanges in other countries. Does it matter where the exchanges operate from? How can any goverment stop someone from using bitcoin if it's anonymous. I hear so much about governments are going to ban, control or stop bitcoin.. I don't see how that can ever happen.
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The yuan just went up again today as btc went down at the same time.
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China makes up 90% of the Bitcoin trading. Doesn't mean they own 90% of the Bitcoin.
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Too much credit? " Exchanges in China say they account for more than 90 percent of global bitcoin trading"!!! I have also mentioned this evening about the bubble that had formed. Ive read many Technical analysts theories and predictions who support the correlation between btc yuan and a bubble forming. Are you saying this is the first time you've heard of this? really? Ok I guess an "expert" is only an opinion. But do we need an experts opinion to agree on the fact that there is a strong correlation between the yuan/Btc?
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It's pretty clear that we had a bubble that needed to pop and a strong 2 day yuan ignited the fire bringing btc down further than it should have. It's an excellent time to buy. In fact it might be one of the very best buying opportunitys we will ever see again. the yuan will continue its weakness now
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Bitcoin warning lol that's nothing. This btc rise was due to yuan weakness and the btc dump was caused by yuans one day record breaking pump. The correlation between the two are the main factor for Bitcoin. Imagine how high our btc rally could have went if the yuan didn't have that extremely rare increase right in the middle of our celebration
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Yuan just had its biggest one day increase in a decade. That will fade quickly.
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3 big red dildos aren't going to stop me from buying right now
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Relax everyone! This was exactly what many experts expected. We will have some sideways action for a few days now before moving back up to the 900-1000 range where it will stay for January. Don't panic lol
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