Rumors , rumors but whenever I hear about the importance of China I feel like puking.
It was a pump based on fake volume and assumptions.
And what is worse , right now people believe that without China we should go back to 100 and ignore every progress made from last autumn.
Actually it is only the koalas who say that. Real grizzly bears believe that the jump of April 2013 was due to China too (specifically, to Bobby Lee taking over BTC-China), so this is what will happen when China withdraws:
(Actually that is still a rather timid Grizzly because it assumes that the exponential trend before April 2013 has not been affected by MtGOX, Neo&Bee, SilkRoad, etc.)
Whoever has the thought process behind this chart is just stupid. For this to happen, every coin that was bought since April '13 would have to be sold to bring it back down. Oh wait, we have more fiat on the bid side to keep it from going back that low. Oh, and what about all the people that bought since then and are hodling. So yeah, this is pretty much impossible (unless extremely bad news comes)
PS. Im all in now so CCMF
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