China and the market

[Ovum]

It seems that China is leading the bitcoin market for some time now.
So it's an exercise in futility to predict what is going to happen without knowing what happens there.

Thoughts?

[Ted E. Bare]

I think that is because some of their exchanges are the most advanced when it comes to security and leveraged trading and they don't ask for too much personal information.

[ahpku]

It seems that China is leading the bitcoin market for some time now.
So it's an exercise in futility to predict what is going to happen without knowing what happens there.

Thoughts?

In a highly manipulated, nearly unregulated market like Bitcoin, it's an exercise in futility to predict what is going to happen, period. Unless you're working with

[randy8777]

i find it very weird that chinese exchanges are leading with a +$30 difference. there has to be a reason for other exchanges not to catch up with china. i hope it's not again like last time when the mmm ponzi caused the price to surge insanely fast to $500. the coming days will be very important. if the price can hold its position then a lot people willl be happy.

[Denker]

i find it very weird that chinese exchanges are leading with a +$30 difference. there has to be a reason for other exchanges not to catch up with china. i hope it's not again like last time when the mmm ponzi caused the price to surge insanely fast to $500. the coming days will be very important. if the price can hold its position then a lot people willl be happy.

It is said that this could be due to capital flights.If I'm not wrong the Yuan again saw some devaluation.
That could explain the huge gap between western and chinese exchanges.