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Author Topic: Why the hell are Chinese Bitcoiners still trading on Chinese exchanges?  (Read 1613 times)
devphp
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May 08, 2014, 08:42:39 AM
 #21

What would a normal, rational-thinking person do? It would get off the exchange as soon as possible, in my opinion. It would try to exchange BTC to fiat and move out as long as there is more clarity about the current situation.

The only thing that is clear about fiat (be it USD or Euro or Yuan) is that they will keep printing more and much more of it. So why exchange to fiat and leave? That would not be rational thinking.
TERA
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May 08, 2014, 09:03:43 AM
 #22

What would a normal, rational-thinking person do? It would get off the exchange as soon as possible, in my opinion. It would try to exchange BTC to fiat and move out as long as there is more clarity about the current situation.

The only thing that is clear about fiat (be it USD or Euro or Yuan) is that they will keep printing more and much more of it. So why exchange to fiat and leave? That would not be rational thinking.
Four reasons:
1. In case the value of btc declines faster than the value of fiat.
2. To buy cheaper coins later
3. To pay expenses
4. To make other investments.
devphp
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May 08, 2014, 09:10:14 AM
 #23

What would a normal, rational-thinking person do? It would get off the exchange as soon as possible, in my opinion. It would try to exchange BTC to fiat and move out as long as there is more clarity about the current situation.

The only thing that is clear about fiat (be it USD or Euro or Yuan) is that they will keep printing more and much more of it. So why exchange to fiat and leave? That would not be rational thinking.
Four reasons:
1. In case the value of btc declines faster than the value of fiat.
2. To buy cheaper coins later
3. To pay expenses
4. To make other investments.

Yes and No.
It seems, there are enough people who don't find these 4 reasons valid at this point in time to exchange to fiat. There are always two fools in the market: one who buys and one who sells Smiley
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