China selling.. America and others buying..?

[spazzdla]

Is this a transfer of bitcoins from the weak hands of the Chinese to the strong hands of everyone else..?

American exchange are now above the price of the Chinese, hasn't happened in a while. (Above the price as in if you convert on to the other it's selling higher on the American ones)

[njcarlos]

Is this a transfer of bitcoins from the weak hands of the Chinese to the strong hands of everyone else..?

American exchange are now above the price of the Chinese, hasn't happened in a while. (Above the price as in if you convert on to the other it's selling higher on the American ones)

I believe so. Someone mentioned the Yuan strengthened last night, but I haven't had a chance yet to read int'l financial news.