![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fqzprod.files.wordpress.com%2F2015%2F03%2Fgoldman-bitcoin-china_colorcorrected-2.jpg%3Fquality%3D80%26strip%3Dall%26w%3D800&t=663&c=YscdQUXHNmVjSw)
With China tanking and the economy slowing down what opportunites are there for Bitcoin to develop or will China force the price movement downward in the long term.
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The price of bitcoin fell more than 7% today
Commodities and stocks across the world have been dropping sharply over the last day, as investors questioned the health of the global economy—especially China.
The pain has spread to less-trafficked corners of finance, too.
The price of bitcoin fell by as much as 8% today, hitting an intraday low under $209. (At last glance, the crypto currency was down by roughly 7%.)
The decline comes amid a broad-based market rout that many trace back to worries over China. The Shanghai composite index was down by more than 8% Monday. Some analysts have noted increasingly close linkages between bitcoin and China. Goldman Sachs analysts mentioned back in March that 80% of bitcoin volume is exchanged into and out of the Chinese yuan, which implies that many bitcoin traders are based in the People’s Republic (or at least use the yuan as their preferred currency).
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Will the Chinese move from the Stock Market to Bitcoin en masse or will prices keep going down.
http://qz.com/486837/the-price-of-bitcoin-fell-more-than-7-today/Some side topics that were to complicated to make as an OP topic but interesting.
(Inter Crypto conversions and price declines)
https://elidourado.com/blog/bitcoin-kareken-wallace/(Bullet 2 is pretty much Core vs QT)
http://www.jstor.org/stable/1882388http://marginalrevolution.com/?s=kareken